Monday, June 22, 2015

Software for trading (signals, advisers, robots)

advisors.instaforex.com

 advisors.instaforex.com is the resource for you to find comprehensive information about expert advisors (EAs), regardless of whether you are a beginner or professional. What is more, there is a section of guidance on MQL4 programming of EAs on your own for a certain trading strategy or style.

forexanalytics.org - Free Forex signals


Forex Analytics portal provides free Forex signals for 10 currency pairs for European and North American sessions! Besides, on the website you can find Forex news, reviews, books, forum, and chat – everything for Forex traders of any level of experience. It is one of the best Forex resources! No other portal offers such information for free. Due to their effectiveness, Forex signals contribute to a feeling of confidence on Forex. You will get answers to your questions from one of the best Forex traders in Russia!

MyDigiTrade - Automated Trading
MyDigiTrade is one of the latest, innovative and most powerful platforms that allows copying deals of professional traders online to your brokerage account with InstaForex. There are Forex experts, traders and investors among our users.

What is Signal Trader?

I.S. Signal Trader was established in order to provide the best possible automated mirror trading solution, bridging the gap between people with an interest in trading and market experts.
 Signal Trader offers users an innovative solution for automated trading across the full range of financial instruments, enabling users to fully automate their trading by mirroring the trades of expert traders who trade with their real trading accounts.

Saturday, June 20, 2015

Forex Tutorial: What is Forex Trading?


What Is Forex?
The foreign exchange market is the "place" where currencies are traded. Currencies are important to most people around the world, whether they realize it or not, because currencies need to be exchanged in order to conduct foreign trade and business. If you are living in the U.S. and want to buy cheese from France, either you or the company that you buy the cheese from has to pay the French for the cheese in euros (EUR). This means that the U.S. importer would have to exchange the equivalent value of U.S. dollars (USD) into euros. The same goes for traveling. A French tourist in Egypt can't pay in euros to see the pyramids because it's not the locally accepted currency. As such, the tourist has to exchange the euros for the local currency, in this case the Egyptian pound, at the current exchange rate. 

The need to exchange currencies is the primary reason why the forex market is the largest, most liquid financial market in the world. It dwarfs other markets in size, even the stock market, with an average traded value of around U.S. $2,000 billion per day. (The total volume changes all the time, but as of August 2012, the Bank for International Settlements (BIS) reported that the forex market traded in excess of U.S. $4.9 trillion per day.) 

One unique aspect of this international market is that there is no central marketplace for foreign exchange. Rather, currency trading is conducted electronically over-the-counter (OTC), which means that all transactions occur via computer networks between traders around the world, rather than on one centralized exchange. The market is open 24 hours a day, five and a half days a week, and currencies are traded worldwide in the major financial centers of London, New York, Tokyo, Zurich, Frankfurt, Hong Kong, Singapore, Paris and Sydney - across almost every time zone. This means that when the trading day in the U.S. ends, the forex market begins anew in Tokyo and Hong Kong. As such, the forex market can be extremely active any time of the day, with price quotes changing constantly. 

Spot Market and the Forwards and Futures Markets 
There are actually three ways that institutions, corporations and individuals trade forex: the spot market, the forwards market and the futures market. The forex trading in the spot market always has been the largest market because it is the "underlying" real asset that the forwards and futures markets are based on. In the past, the futures market was the most popular venue for traders because it was available to individual investors for a longer period of time. However, with the advent of electronic trading, the spot market has witnessed a huge surge in activity and now surpasses the futures market as the preferred trading market for individual investors and speculators. When people refer to the forex market, they usually are referring to the spot market. The forwards and futures markets tend to be more popular with companies that need to hedge their foreign exchange risks out to a specific date in the future. 


What is the spot market?
More specifically, the spot market is where currencies are bought and sold according to the current price. That price, determined by supply and demand, is a reflection of many things, including current interest rates, economic performance, sentiment towards ongoing political situations (both locally and internationally), as well as the perception of the future performance of one currency against another. When a deal is finalized, this is known as a "spot deal". It is a bilateral transaction by which one party delivers an agreed-upon currency amount to the counter party and receives a specified amount of another currency at the agreed-upon exchange rate value. After a position is closed, the settlement is in cash. Although the spot market is commonly known as one that deals with transactions in the present (rather than the future), these trades actually take two days for settlement. 

What are the forwards and futures markets?
Unlike the spot market, the forwards and futures markets do not trade actual currencies. Instead they deal in contracts that represent claims to a certain currency type, a specific price per unit and a future date for settlement. 

In the forwards market, contracts are bought and sold OTC between two parties, who determine the terms of the agreement between themselves. 

In the futures market, futures contracts are bought and sold based upon a standard size and settlement date on public commodities markets, such as the Chicago Mercantile Exchange. In the U.S., the National Futures Association regulates the futures market. Futures contracts have specific details, including the number of units being traded, delivery and settlement dates, and minimum price increments that cannot be customized. The exchange acts as a counterpart to the trader, providing clearance and settlement. 

Both types of contracts are binding and are typically settled for cash for the exchange in question upon expiry, although contracts can also be bought and sold before they expire. The forwards and futures markets can offer protection against risk when trading currencies. Usually, big international corporations use these markets in order to hedge against future exchange rate fluctuations, but speculators take part in these markets as well. (For a more in-depth introduction to futures, see Futures Fundamentals.) 

Note that you'll see the terms: FX, forex, foreign-exchange market and currency market. These terms are synonymous and all refer to the forex market.


Thursday, June 18, 2015

Forex Trading Strategies Reviews

Countless Forex trading strategies have been invented over the years, some relying on technical use of charts and numbers and others relying on a fundamental understanding of the market with reference to current events. Some have become very popular while others are only used by a minority of traders.These trading strategies range in different levels of complexity. We will now discuss some of our expert’s favorite strategies starting with a rather simple one and moving up the complexity scale as we go along.

2. Support and Resistance Levels Forex Trading Strategy

Every forex trader, advanced or novice, should learn how to look for support and resistance levels on the charts. It doesn't matter if you trade Forex, commodities, stocks or any other instruments, this strategy will serve you as a baseline for your trading activity and analysis. The best thing about support and resistance levels is that a good trader can spot them even on a "naked" chart since they are easy to identify.
3.Fibonacci Indicator Forex Trading Strategy

One of the most famous and popular forex trading strategies is Fibonacci, named after the famous Italian mathematician. Considered as a medium-long term trading strategy, we use it to follow repeating support and resistance levels. History shows that the market moves in waves and Fibonacci takes advantage of this fact. Fibonacci ratios can help us identify potential resistance and support levels on the financial charts. The most common ratios are 61.8%, 50% and 31.8%.

4. Multiple Time Frames Forex Trading Strategy

We at FX Market Leaders love to use this method to double-check the trading decisions that our analysts take. The way to use this trading strategy is to follow a certain currency pair over different time frames. By analyzing different time frames we can spot trends on bigger and smaller scales and make a better analysis of the overall trend. While there is no limit on how many time frames to follow, we recommend to look at not more than 3-4 time frames simultaneously. A good combination can be 15 minutes chart + 30 minutes chart + 5 hours chart.

5. Scalping - Short Term Forex Trading Strategy 

Many novice forex traders find scalping to be a great technique. Scalping is a very low-risk strategy but nevertheless allows a strong trader to make enormous profits. This trading strategy requires a great amount of patience and awareness and although it is low risk it is still very hard for novice traders to profit from it. Emotions must be set aside as they lead to compulsive actions which do not work with scalping at all.

6. Horizontal Levels Forex Trading Strategy

Understanding horizontal levels is considered by many as one of the first things that a novice trader should learn. Horizontal levels help us analyze the charts and are mostly used in combination with other Forex trading strategies, but can also be used on their own as a standalone method for trading.

7. ADX (Average Directional Index) Forex Trading Strategy

This unique indicator works a bit differently from the rest of the FX indicators that traders usually use, because it indicates the strength of a market trend, and not its direction. We believe that it is a great tool for traders who are a bit more advanced and wish to get an extra help for their trading decisions from an additional indicator. The reason for its popularity is that we know that by placing a trading position at the same direction of a strong, solid trend, we increase our potential for earnings while at the same time we reduce the level of risk that we take.

8. Carry Trade Forex Trading Strategy

If you are an advanced trader who is looking for an alternative way to profit from your trade on the long run, then Carry Trade might be a good technique for you. In our article about carry trade we explain thoroughly how to use carry trade so you will be able to understand the concept behind this strategy.

9. Candlestick Forex Trading Strategy

Candlestick charts are the most common chart types used by retail traders and investors. There are other types of charts such as line charts, bar charts etc., but they don't tell the story of past price action like candlesticks do and when trading is based on technical analysis, the decisions for future price action are made based on how the price has reacted in the past. I find candlesticks to be very useful and they are one of my favorite indicators. They work almost perfectly in volatile times, but even in less volatile times they work pretty well if used in combination with one or two other indicators.

10. Head and Shoulders Forex Trading Strategy

Head and shoulders or as they appear on the Forex jargon “Shampoo” because of the shampoo with the same name, are one of many recognizable and tradable chart patterns. It consists on a high peak in the middle and two double peaks either side of that one. The higher peak is the head and the other two lower ones are the shoulders. The pattern itself looks like a head between two shoulders, hence the name.

11. Trend trading Forex Trading Strategy

FXML’s top analysts use trend trading as one of their leading trading strategies and always check which side of the trend they are on before making a trade or signal. The main idea behind ‘Trend Trading’ is picking a top or a bottom. Novice traders tend to think that trend trading is easy; just find the trend and trade alongside it. In practice, it’s not that easy, as with all other aspects of this game, many dilemmas pop up
when trying to identify the trend.

12. Divergence Forex Trading Strategy

 Divergence is a leading indicator used by our analysts at FXML and helps to significantly increase profits. The likelihood of entering in the right direction at the right time increases if used alongside other indicators such as Moving Averages (MA), RSI, Stochastichs, Support and Resistance levels etc.

13. Trading the News Forex Trading Strategy

 Big announcements or news coming out of different countries can have a huge effect on the market, rendering all our analyses meaningless. In this article you will learn how to use the news in order to make profit.

14. Hedging Forex Trading Strategy
 Traders of the financial markets, small or big, private or institutional, investing or speculative, all try to find ways to limit the risk and increase the probabilities of winning. There are many Forex trading strategies out there and hedging is one of them. In fact, hedging is one of the best strategies to do just that, that's why many large institutions use it as a mandatory component of their tactics.

15. The Strategy to Trading majors in 2015
 Big investors, hedge and pension funds as well as good traders lay out plans and strategies in advance, usually before the quarter or a new year begins on both, fundamental and technical outlook. So we are suggesting a strategy to figure out 2015 in advance.

16. Trading moving averages
As traders, we have to take into consideration many things. We have to implement different factors and indicators in our analysis in order to succeed in this business, no matter if you trade short or long term. These might be fundamental indicators, technical indicators, or both. On the other hand, we shouldn´t overcrowd the charts with too many indicators that will contradict each other and cloud our judgment.

17. Trading the Market Sentiment
 We all know that trading in the Forex market is not easy. Sometimes every technical indicator points to a certain direction but the market moves in the other direction. Other times the fundamental outlook of an economy is very bearish for the currency of that country, yet it keeps moving higher against other currencies.

18. Triangles and Wedges strategy
 We have covered most of the important technical chart patterns in our strategy section during 2015. There are still some strategies left though. “Triangles” and “Wedges” are two of the 10 most important chart patterns and in this article we´ll explain how to trade them. It´s true that they are different patterns, but they are very similar so we´ll teach both of them in one article.

19. Creating a trading plan- Part 1
 We have heard many times that new Forex trader's fail 80% of the time. That’s because many beginners start trading without a clear plan. A premeditated plan is crucial when you trade. It´s like going to war without an attack and a defense plan. Before you go into a battle you assess your capability, your strengths and your weaknesses. The same logic applies to Forex, you prepare a plan that helps you base your trading on your strongest features and avoid the weak ones.

20. Creating a trading plan- Part 2
 A little while back, I wrote about how to build a trading plan. The trading plan is very important so we thought it would be better if we only published half of it, the first part. It would give you some time to practice the first two steps, your available funds and your available time. This week we are publishing the second part of the trading plan with the two remaining steps.

21. Elliot Wave Theory: The background
 New strategies breathe life into the market, so we are presenting the ‘Elliot Wave Theory’, named after Ralph Elliot. Having nothing in particular to fill his days, Elliot turned his attention to the stock market behavior and developed his theorem in later stages of life. Born an accountant, but retired at age 58 after catching a virus from a trip to South America. This is one of the oldest trading strategies, first published in 1938 as a book under the name ‘The Wave Principle’.

22. Trading with the Elliot Wave Theory: Part 2 
 A couple of weeks ago we published an article where we explained how the Elliot Wave Theory was developed and how it worked. When used alone as a principle it’s useless unless implemented in everyday trading. So this week we will explain how to trade with the Elliot Wave Theory (EWT), after all that´s what we need it for! When you use EWT you trade the probability which this system offers;

23. Trading with Ichimoku 
 The Ichimoku Strategy is an abbreviation of the Ichimoku Kinko Hyo, which was developed by a Japanese journalist named Goichi Hosoda in the 1960s after 30 years of working within this indicator. This technique has been popular in Japan for quite some time now and it has gained popularity in other parts of the world as well. 

Monday, June 15, 2015

Profitable Forex Trading Strategies - Best Bank and Hedge Fund Trading Systems Revealed


This video looks at bank and hedge fund strategies and the secret they use to make billions in profit per year. If you are looking for a profitable trading strategy, you want to learn from them and do the opposite and this video will explain why...

Saturday, June 13, 2015

Trading Forex for Beginners - The Basics


I show am example of a simple trade, what traders look for, and how you can make money of trading currencies. I also show how to execute stop-loss and limit orders to protect profits and losses.

Sunday, June 7, 2015

Free Forex Trade Signals Service - Watch How We Sold The EUR/USD


In this video we show how we sent a trade signal to our pro forex alerts members on a Friday, price took our trade in Sunday evening when the Asian Forex market hit and and hit our profit target within a few hours. We show you step-by-step why we took the trade, why we placed our stops where we did and why we setup our profit target.

Saturday, June 6, 2015

Trading Emotions & Psychology - Forex The Secret of Getting a Winning Psychology


This is an excellent documentary on why, emotions cause most traders to fail and how to avoid the mistakes of the losing majority. Learn how to get a winning trading psychology. The documentary shows you how to avoid the mistakes of the majority and get the right mindset, to make money trading Forex. Learn to trade like the worlds best professional traders...

Friday, June 5, 2015

Forex Trading Simple Strategies, I Made $11000 in 3 months


Forex. With my simple strategies I made $11.000 in 3 months trading $1000 account. I trade with broker http://www.tallinex.com/?i=100674 My Forex blog - http://jannafx.com Trading Statement - http://jannafx.mtrocket.com. Forex Trading Systems that Work! I'm not a guru, just a part-time trader. Subscribe http://www.youtube.com/user/myobcom Turn ON annotations.
Risk warning: Trading foreign exchange and futures on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you, as well as to your advantage. Before deciding to invest in foreign exchange or futures, you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore, you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange and futures trading, and consult with an independent financial advisor if you have any doubts.

Thursday, June 4, 2015

Forex trading strategy: Cross Market Index. Network approach.





Sergey Kamenshchikov PhD / Senior analyst at IFC Markets | Charles Dow postulates assume that a price of a trading instrument reflects all fundamental data instantly. However market efficiency may be preserved partially due to inertial properties. In this case a trader has to take into account related markets when opening a position: network effect arises. Below we represent a plain FX D1 trading system based on two currency indexes and classic ParabolicSAR indicator. After indexes are incorporated in a single platform a trader obtains an opportunity to analyze EUR/USD currency pair, EURi and vs USDi simultaneously at one screen and one time frame. A conservative trading idea is simple: EUR/USD long (short) position should be opened if EURi and vsUSDi give bullish (bearish) signals simultaneously. If inconsistency occurs and signals of two indexes differ then the opened position should be closed immediately. This strong signal shows us inefficient market stages when all players move as a whole. Our hypothesis is that this property may be used for effective trend following.

Wednesday, June 3, 2015

Three Simple Forex Trading Strategies | FXCM.com



As you progress in your trading you will come to realize that the simplest strategy is often best. Trading with a simple strategy allows for quick reactions and less stress. 

If you're just getting started as a forex trader, you should seek the most effective and simplest strategies for identifying trades and stick with them. 

This video outlines three simple forex trading strategies to include in your arsenal:
• News Fade
• Inside Day Breakout
• 2-Hour MACD Crossover 

Remember, no strategy is perfect or will work every time. Get a free FXCM demo account to test these and other trading strategies before you use them with a live account.

Tuesday, June 2, 2015

Forex Trading: What's the Secret?


In todays FMP what I want to talk with you about is following a set of rules. There are a lot of ways to make money as a forex trader but you MUST have a plan that is profitable and you MUST follow that plan every single day.

Monday, June 1, 2015

Finding the Best Forex Trading Software - FAQ

Forex trading software intended for the personal forex trader comprises a rapidly-growing segment of the forex industry. A number of different types of forex trading software have found their way into widespread usage among personal forex traders.

Common forex trading software types include:
Trading Platforms - allow for the manual management and execution of forex trades.
Technical Analysis Software - provides charts of historical exchange rates and technical indicators.
Trading Signal Generators - provide recommended levels at which forex traders can initiate and close out positions; and
Automated Forex Trading Software or Forex Robots - execute trades automatically based on a pre-programmed trading algorithm.

How do you go about finding the best forex trading software? Well, perhaps the best idea would be to download a few representative programs and try them out within their return period to see what works best for your needs. If the software does not suit your purposes well, then submit a refund request. Another way to do some advance research on forex trading software would involve reading online product reviews and discussion forum postings from users of the software.

To assist you further in the process of finding the best forex trading software, the FAQ terms defined below provide a useful list of items that you can take into consideration when shopping for forex trading software online.

Stock.com Review


History and Background

STOCK.com is one forex site that does not take any shortcuts when it comes to providing useful information, training materials, and technical tools to enhance your personal trading experience. And, you not only have the ability to trade major currency pairs, but you can also dabble in the latest CFDs for stocks, bonds, commodities, and indices. Daily commentary and market news flashes guide your activities, along with a broader than average assortment of educational materials and trading strategies to help you realize your path to success.  STOCK.com is a trading name of Leadcapital Markets Ltd, an investment company authorized and regulated by the Cyprus Securities and Exchange Commission (“CySEC”) under license number 227/14. Headquarters reside in Limassol, Cyprus. Unfortunately, U.S. clients are not accepted at this time.

STOCK.com provides the standard versions of the Metatrader4 series and beyond to ensure a familiar look and field for its forex clients. Protocols come in either the downloadable or purely online styles, with mobile apps available for those traders on the go. Automated EAs can also be deployed, and you can be confident that whatever trading tools or indicators are preferred, they will be available at your fingertips. With over 270 asset choices offered, you will have no difficulty in finding your favorite avenues of attack. Spreads are highly competitive, and leverage as high as 200:1 is the rule, but it may be less, depending on the type of asset chosen. There is only one account classification to deal with, and a free demo account is standard issue.

For your peace of mind, STOCK.com has gone out of its way to comply with several regulatory bodies across the European region. The primary regulator is the Cyprus Securities Exchange Commission (CYSEC), but they also comply with the UK’s Financial Conduct Authority (FCA), by BaFIN in Germany, and the AMF in France. This level of compliance ensures that your funds will be segregated in accounts with Tier 1 banks, in addition to the local Investor Compensation Program that provides protection up to 20,000 Euros. Order execution, privacy matters, and a host of other details will also follow best business practices, another assurance from strict compliance oversight. In summary, STOCK.com has pledged transparency to gain your trust by welcoming multiple third-party validations of their worthiness to be your forex broker.
Features

Why trade with Stock.com? The firm lists these reasons:
Headquartered in Limassol, Cyprus;
CySEC, FCA, MiFid, BaFin and AMF regulatory compliance and licensing across the whole of Europe;
Over 270 asset types in their portfolio: Currency Pairs (45); Stocks (180); Indices (26); Commodities (15), and Bonds (5);
Metatrader4 software platforms, both downloadable and online versions;
One account classification, including a free demo account;
U.S. clients not accepted at this time;
Minimum Deposit is $250 (Promotional bonuses may also apply);
Tight spreads and no commissions;
Leverage varies by asset type, but can be as high as 200:1 with forex pairs;
Automated EAs supported;
Education Academy includes learning materials and strategy tips for all levels, enhanced by current news, commentary, and trading tools;
Client deposits segregated from operating capital in Tier 1 bank accounts and protected by the Investor Compensation Fund up to 20,000 Euros;
Deposits and withdrawals: Credit Cards, Debit Cards, Bank Wire Transfers, Western Union, Skrill (Moneybookers), Neteller, and many other local payment methods;
Customer service is bilingual and can be reached “24X6” via email, fax or direct phone line.

Spreads and Leverage

The firm professes tight spreads, with no commissions. Actual spread values are not posted due to the fact that the broker offers over 270 asset choices. Spreads will vary due to market conditions, and consistency worthy of publishing over so many asset types is unheard of. STOCK.com does suggest 0.2 pips for the EUR/USD pair, with leverage as high as 200:1, but leverage also varies by asset type.

Platform

The popular Metatrader series of trading platforms are deployed by STOCK.com, thereby ensuring familiarity, as well as easy order execution and the latest in risk management and technical tools available. You may download the desktop set of protocols or you may choose to use the online, mobile app supported, software. The learning academy also includes a MT4 primer, so that you can enjoy the full capabilities of this highly touted system. Trading sessions and personal data are fully encrypted, using the latest in 128-bit SSL technology..


Deposits and Withdrawals

Deposits and withdrawals are a snap, using a number of familiar methods. These include Credit Cards, Debit Cards, Bank Wire Transfers, Western Union, Skrill (Moneybookers), Neteller, and many other local payment methods. Withdrawal requests will be handled quickly within 24 hours, but only if internationally mandated identification information is on file and in order.

Beginner's and Customer Support

Customer service representatives can be accessed “24/6” (from Sunday 22.00 GMT to Friday 22.00 GMT). Access methods include email, fax or by telephone. Several “in country” telephone lines have also been put in place for your convenience across Europe in key countries. Learning materials are extensive and include strategy tips, enhanced by current news, commentary, and trading tools. The strategy sections, however, require registration to access.

Conclusion

The management team at STOCK.com is dedicated to providing a higher level of service than most brokers on the scene today. Their commitment is evidenced by their stated objective: “Our goal is to provide first class education, timely and actionable information on events that are affecting global markets and access to a wide range of trading products, making STOCK.com one of the few one-stop trading sites in the industry.” This firm has removed the confusion of multiple account classifications and focused on giving every trader what he really needs: asset choices, current information and commentary, price transparency, strict regulatory oversight compliance, and a fully loaded trading platform that seals the deal. But whatever measure you prefer, STOCK.com truly scores well up above the pack of other industry offerings.

Sunday, May 31, 2015

(XEMarkets) Review



History and Background

XM is the registered trade name of Trading Point of Financial Instruments Ltd, a CySEC-regulated, FCA (UK)-registered, international forex broker with its main offices in Limassol, Cyprus. Since its establishment in 2009, the company has gained corporate reputation by virtue of their core values such as business transparency, excellent trading conditions, and professional client communication.

XM operates its financial services with full European Union authorization (including BaFin, AFM, FI, FIN, and CNMV) and by following a best execution policy for executing trading orders in real time.
Visit XM (Trading Point) now and get a free demo account or start trading with a live account right away
Features

XM is the next-generation broker for online forex and commodity trading, offering a wide array of progressive features for trading forex, precious metals, stock indices, and energies. What makes XM outstanding is that there are no re-quotes or rejections of trading orders, no hidden fees or commissions, and 99.35% of orders get executed in less than 1 second.

 The 888:1 leverage offered by XM is unique in the industry. Over 60 currency pairs and over 100 financial instruments can be traded both online and by phone on 7 advanced trading platforms. Besides, there are no upper limits to deposits.

 Beginner and seasoned traders can equally benefit from superior services and from exactly the same trading conditions, whether they open a real or a demo account. Registration is currently available in 17 languages, and trading can be started with a min. deposit of USD5 on multiple forex accounts, or on non-expiring demo accounts funded with USD100,000 virtual currency. Clients can benefit from tight spreads as low as 1 pip on the major currency pairs.

Clients can choose from three forex account types with custom-tailored conditions and base currency options for USD, EUR, GBP, JPY, CHF, AUD: MICRO account (1 micro lot = 1,000 units of the base currency), STANDARD account (1 standard lot is 100,000 units of the base currency), and EXECUTIVE account (1 standard lot is 100,000 unites of the base currency).

 With generally tight spreads on over 60 currency pairs and the same spreads offered for all trading account types, XM also provides fractional pip pricing so that clients can trade with tighter spreads and benefit from the most accurate quoting possible.

Spreads and Leverage

 The 888:1 leverage offered by XM is unique in the industry. Over 60 currency pairs and over 100 financial instruments can be traded both online and by phone on 8 advanced trading platforms. Besides, there are no upper limits to deposits.

Platform

Both demo and real account XM clients can trade on as many as 8 trading platforms that support market, limit, stop and trailing orders, and directly accessible from 1 account.  This speeds up trading operations and gives traders great flexibility to trade from anywhere and at anytime with ease. At XM the multi-award winning platform Metatrader 4 works with an unlimited number of demo and real accounts, and Expert Advisors (EAs) are also supported.

The available trading software is as follows: MT4 Terminal; MT4 for Mac; Web Trader; iPhone Trader; iPad Trader; Droid Trader; Mobile Trader. Apart from this, the XM MAM Trader allows multi-account management to fund/asset managers and multiple account holders with an unlimited use of charts and EAs.

Deposits and Withdrawals

Negative balance protection, the no re-requotes and no hidden fees or commissions policy, together with the strict and real-time market execution policy rank XM among the most sought-after forex brokers.

 The safety of client funds is guaranteed by funds being kept in Tier1 segregated Barclays accounts. Account funding is 100% automatic and processed 24/7, while same day withdrawals are guaranteed. Clients can choose from various modern payment options, with a wide geographical coverage: credit cards (VISA, VISA Electron, MasterCard, Switch, Solo) bank wire, Neteller, Moneybookers Skrill, Western Union, MoneyGram, WebMoney, China UnionPay, SOFORT, iDEAL. The recently introduced local bank transfer option enables investors to fund their accounts through their own local banks (in 58 countries worldwide) and in their local currencies.  There are no hidden fees or commissions for funds transfers, and all transfer fees are covered by XM.

Beginners' and Customer Support

Multilingual Personal Account Managers are at both demo and real account clients’ disposal via live chat, by telephone or email in over 14 languages, assisting them with professional support 24 hours on 5 business days.

 Rich forex educational material is at clients’ disposal, with free weekly interactive webinars, as well as with free, uniquely developed MT 4 video tutorials. The multilingual economic calendar, along with forex news and market analysis provided by XM financial experts help clients follow market changes and adapt their trading decisions accordingly

Conclusion

The staff at XM (TradingPoint) is committed to satisfying your every need with integrity, transparency, and the determination to serve you well.  The firm has quickly passed through its early development stage, as evidenced by the preponderance of favorable reviews, falling into the “7 out of 10” region of the scale, from satisfied customers on Internet review sites.  The benefits of choosing this broker are clearly stated on the Home page of their website:

•    Licensed in the EU
•    Tight Spreads from 1 Pip
•    Flexible Leverage up to 888:1
•    No Commissions
•    $30 + Deposit Bonus up to $5,000
•    24 Hour Support
•    No Re-quotes
•    Fast and Easy Withdrawals
•    Personal Account Managers
•    Automated Trading
•    Phone Trading

Visit XM (Trading Point) now and get a free demo account or start trading with a live account right away

Saturday, May 30, 2015

Plus500 Review

History and Background

Plus500 is an online brokerage service specializing primarily in the forex market. Headquartered in the UK, they are also authorized and regulated by the British Financial Conduct Authority (FCA). The company is registered under the name Plus500UK Ltd with registration #07024970. The FCA registration number for the firm is ID #509909.

Please note that Plus500 does not accept U.S. clients. Therefore, if you are located in the United States, we suggest choosing another top rated broker. As you can see in the comments below Plus500.com is a very trustworthy and reputable broker that we can really recommend for non US clients.

         * Your capital may be at risk

         *  Plus500 is a CFDs service
Visit Plus500.com now and get a free demo account or start trading with a live account right away
Account Types

Plus500 offers two account options, consisting of a demo account, which has no time limit and can be opened free of charge, and a live account that requires a minimum deposit of $100. Plus500 offers customers a $20 "welcome" bonus on all accounts, including the demo account and generous bonuses of up to $7,000 for initial funding. Leverage for forex accounts is a maximum of 50:1.

Trading foreign exchange on margin poses a high risk level and it may not be fitting for all types of investors. The elevated degree of leverage can cause positive and negative outcomes.

Trading Software

Plus500 offers a comprehensive and easy to use proprietary trading platform and technical analysis software for their clients. The trading platform allows the trader to trade in multiple markets from the same screen and provides real time quotes for all of its products.

In addition to forex, Plus500 clients can also trade commodities, stocks, indexes, ETFs and CFDs from the same trading platform, a significant advantage to using Plus500 as a broker.

Besides its ease of use, the main advantage of the Plus500 trading platform consists in an all inclusive trading screen with clearly labeled tabs on top for details on past trades and current positions, as well as multiple market trading capabilities. Charting software is included with the trading platform, but charts appear individually, since the charting software does not allow for multiple graphs on the same screen.

The Plus500 trading platform comes in three different versions: a downloadable version, which can be copied to your laptop or desktop, a web-based version, which allows the trader to access the platform from any other computer, and a mobile version for use with cell phones and other mobile devices.

Deposits and Withdrawals

Funding an account at Plus500 can be accomplished through a Visa or MasterCard credit card, MoneyBookers or through a wire transfer. The fastest way to begin trading is by depositing through a Visa or MasterCard. The customer just has to go to the Plus500 cashier screen and fill out their credit card details to begin trading immediately.

Funding an account through Moneybookers is just as easy. The customer must navigate to the "Funds Management" window in the trading platform, select the Moneybookers option, and enter the Moneybookers e-mail address. A new pop up window will open where the Moneybookers transfer can be confirmed.

Deposits made to Plus500 through a wire transfer are generally straightforward but take up to three days to show up in the account. For a wire transfer deposit, go to the "Funds Management" window, click on "Wire" and then click on the "Send me Wire Details" option. Plus500 will then email the customer with the wiring details.

The Plus500 email will give the customer the details for wiring funds to their bank and also state the minimum and maximum deposit amounts allowed through a wire transfer. The minimum deposit is £300.00, while the maximum deposit amount is £100,000.
Due to FSA regulation, withdrawals from a Plus500 account require that the customer present an official photo ID. The ID must be a current passport, driver's license or other official document and must be presented before being allowed to make a withdrawal.

This information can be sent via e-mail or by uploading a pdf, tif, jpeg or doc type file with the upload function provided on the Plus500 trading platform. Clients should allow up to 24 hours for the files to be reviewed. If the identification document cannot be scanned, the client can photograph the ID with a digital camera or a mobile phone.

Risk disclaimer: Forex trading involves substantial risk of loss and is not suitable for all investors. You may lose more than your initial investment.

Customer Support

Plus500 offers excellent e-mail and fax support in multiple languages 24/7, nevertheless, they do not offer online chat or telephone support, which can be a disadvantage if the customer loses internet service or their computer crashes while trading. Please have a look at the comments below and you'll see that they have an active customer support holding their promise to help their clients with every issue.

Safety

Plus500 is authorized and regulated by the British Financial Conduct Authority (FCA) with their registration number being #509909. We feel that this forex broker is a very safe broker to trade with. Please also read the comments below which will give further evidence of this.

Conclusion

Plus500 makes a good choice for non-U.S. traders with an easy to use trading platform which offers multi asset trading capability. New traders can take advantage of the unlimited time to use the demo account, while seasoned traders can take advantage of tight dealing spreads and the generous bonuses offered when initially funding the account. Also, the Plus500 trading platform offers traders the possibility of integrating their trades in other financial markets, all on one screen. Overall, Plus500 makes an excellent choice for an online broker.

Visit Plus500.com now and get a free demo account or start trading with a live account right away

Friday, May 29, 2015

Finexo Review



One of the relatively younger firms in the forex brokerage industry, Finexo was established around 2003 by software engineers, hedge fund traders and bankers with a common interest and passion for the forex market.

Finexo was acquired by SafeCap Investments in early 2010 and as a result of the merge, they no longer accept U.S. clients. SafeCap is a company with strong financial background who also owns Markets.com and is regulated by multiple organizations including the FCA and CySec.
Visit Finexo now and get a free demo account or start trading with a live account right away 
Account Types

Finexo offers a MetaTrader 4 platform which is considered the most sophisticated and advanced forex trading software available in today’s markets. The software supports many order types. The charting capabilities of the software are mostly directed toward beginning traders, as Finexo does not include a large number of charting tools in its package.

The firm offers both a mini and a standard account, with leverage up to 200:1 possible. Traders must keep in mind that the greater the leverage, the greater the risk of loss.

The software package comes with supporting features including daily FX analysis by Finexo’s professionals and an online Forex glossary covering all the confusing terms in the market, advanced forex broker charts, in addition to a comprehensive calendar that aims to keep the trader on top of all the fundamental developments in the market. The platform also supports mobile and PDA-based trading.

Finexo offers all the popular pairs including the EURJPY, EURUSD and the USDCHF, among others, for trading. Under usual market circumstances, the spread of the EURUSD pair, is just three pips.

As with most other brokers, Finexo also offers a free demo account where beginner traders can improve their skills before they are trading with real funds.

Deposits and Withdrawals

The minimum deposit requirement at Finexo is $100. There’s also maximum deposit limit which is $5,000 for credit and debit cards and $50,000 for bank transfers, e-gold or e-bullion.

Finexo accepts deposits by Visa, Mastercard and Diners. In the case of credit card, Liberty Reserve or Moneybookers deposits, your account will be credited free of any charges. Deposits by wire transfers incur fees charged by banks only. Deposits via Paypal are subject to the usual terms and conditions of Paypal.

Customer withdrawals through Paypal are charged 3.4 % of the amount and 0.5 SGD, while transactions through a Moneybookers account incur a fee of 3%. Credit card withdrawals are subject to a 3.5% fee and bank transfers cost a minimum $10, depending on the bank's own rates.

In general, Finexo is very straightforward and transparent about customer withdrawals and the good reputation of the firm among traders bears testimony to its honorable attitude toward its clients. Usually withdrawals will be completed in 48 hours, but in cases where a lot of processing is necessary, a maximum delay of 7 days is possible.

Security

Finexo operates in the Nertherlands, Austria and Hungary, and in each of these nations its practices are carefully monitored by the authorities.

Customer Service

One of the most interesting and powerful aspects of Finexo is the competent, patient and knowledgeable customer service of the firm which is available 24 hours a day. The website offers an online forex tour and an audio market review that goes into the basics and details of currency trading in each update.

In its mission statement, Finexo claims that commitment to the individual investor is paramount to the firm’s mission. And to make true on this commitment, the firm employs some of the most talented minds in the online currency trading business to develop solutions that will ensure an easier and healthier trading career for all traders.

Conclusion

Finexo is a beginner-friendly firm that offers a lot of opportunities and somewhat limited risks to beginners through its moderately low initial deposit requirement at just $100 and the demo trading options available. Deposits and withdrawals are both easy and in generally hassle-free, with the customer service available 24-hours a day to answer all your questions.

Finexo also offers many advanced tools for experienced traders through the many analytical packages offered through its website. The fundamental reports provided by the firm’s experts are among the best in their class and the quality of their studies hastens the pace of a trader’s career by the informational wealth they provide.

Finally, the mobile and PDA trading options ensure that Finexo’s clients can easily navigate and profit in even the most volatile and confusing markets imaginable. The ability to manage a position on the fly is surely a great capability welcomed by any seasoned trader and it is rapidly becoming a standard feature of the industry.

Regulated by perhaps the most reliable regulatory authorities in the EU, the FCA and CySec. Finexo is a friendly, responsible and innovative broker that will enhance your trading career and experience with its great offerings.


Thursday, May 28, 2015

London Capital Group Review


Background

Many of today’s forex brokers inundate you with a flood of promotions and innovative features that do little more than confuse and distract. Londoncapitalgroup.com (LCG) is not one of those brokers. On the contrary, they earned their stripes in the nineties handling a proprietary trading operation that catered to large institutional clients. Their focus, as most traders would hope, is fixated on providing reliable service with quick execution speeds at the lowest prices in town. Combine these facts with being regulated by the Financial Conduct Authority (FCA) and being traded on the London Stock Exchange, and you have a winning formula that only few can match in today’s industry.

The firm’s holding company began financial trading operations in 1996. In 2003, it launched its financial spread-betting broker, “Capitalspreads.com”, and in 2005 after a management buyout and IPO, it launched its traditional forex trading offering, LCG. As an additional assurance for the trading community, public companies must also adhere to stricter reporting standards and maintain capital levels that are public knowledge each and every day. The current market cap for the publicly traded holding company is nearly £20 million at last reading. LCG offers a broad array of currency pairs, together with futures trading in indices and commodities. U.S. clients are not accepted at this time.

LCG is an ECN/Straight-Through-Processor (STP), and this market execution setup enables a spread-plus-commission pricing model that, when combined with Tier-1 liquidity providers, yields transaction pricing that is difficult to find elsewhere. Leverage varies by asset class, starting at 300:1 for forex, and declining to as low as 40:1 for some indices. LCG uses the Metatrader4 set of trading platforms with market execution of orders. Expert Advisors are allowed for automated trading. Customer Support and Sales Team staff members are excellent, and daily emails get you ready for each day’s action. To cap off the offering, LCG also awards a 10% welcome bonus, up to a max of $5,000 on your initial deposit. What’s not to like about this top-of-the-line broker?
Unique Features of Trading with London Capital Group

Why trade with Londoncapitalgroup.com? The firm lists these reasons:
Proprietary trading operation began in 1996 in London;
Regulated and licensed by the Financial Conduct Authority (FCA);
Holding company is publicly traded on the London Stock Exchange with a market cap of roughly £20 million;
Asset choices range from major and minor currency pairs (39) to indices (12) and commodities (15);
Spread/Commission pricing structure rivals the lowest in town; LCG low commission charges are included in the FX spreads and there are no hidden fees
Promotional welcome bonus of 10% up to $5,000 with a $3 credit to funds available for withdrawal with each trade that follows;
Pip spread on majors; from 0.6 pips
Leverage varies by asset type: Forex – 300:1; Indices – 100 to 40:1; Commodities – 100 to 50:1:
Metatrader4 trading platform supports desktop and mobile access;
ECN/STP processor for swift order execution and tight spreads;
One account classification that comes with a free demo account;
Daily emails with market commentary and analysis prepare for each trading day’s action;
Customer service reps are available 24X7 while trading markets are open.

Spreads & Leverage

Since LCG is a full-on ECN/STP broker, its system matches client orders directly with market liquidity providers, which vary in spread and open amount appetites. For this reason market execution may deliver the lowest price in town, but there may be minor slippage when an order exceeds the market limit available. The website explains this complexity, but in any event, the spreads are very competitive. Leverage varies by asset choice selection. Currency pairs can be as high as 300:1, but indices and commodities may start at 100:1 in some cases, but fall as low as 40:1. The amount of leverage used also determines the minimum trade amount, based on the selected lot size. Pip spread on majors; from 0.6 pips.

Platform

In order to provide swift order execution at extremely low prices, LCG management elected to go with Metatrader4 trading platform protocols, the most popular setup in the industry. The MT4 products align well with ECN market execution usage, and each trader can avail themselves of the online user guide and MT4 community of traders for answers to questions or to share information with other interested traders. Mobile applications are also supported, and the latest in 256-bit SSL technology is employed to encrypt all sensitive data for purposes of safety and security.

Deposits and Withdrawals

Visa or Mastercard credit cards or selected debit cards may be used for deposits, but banking wire transfers are the preferred method. Deposits and accounts may be maintained in USD, GBP, or EUR. While there is no minimum deposit for an account, your minimum trade amount will depend on the asset chosen, lot size, and leverage. The website illustrates with examples as to how this computation is made. Withdrawal requests will be approved and processed within 24 hours, but only if internationally mandated personal identity information is already on file, as required by regulations.

Beginner Support

Customer and Sales Support specialists have trading experience and the ability to answer any questions that you might have about getting started. You may access them on any trading day while markets are open on a 24X7 basis, either by direct phone or email. If you are a beginner and need to brush up on the basics, then the companion website at Capitalspreads.com provides an abundance of video tutorials, webinars, and ebooks for your review and use. LCG also initiates each trading day with an informative email, delivered to all clients that includes complete commentary and analysis for the forex, commodity, and indices markets, highlighting what you might encounter during the trading day.

Conclusion

London Capital Group still maintains a hefty market share of institutional clients and third-party partnering arrangements, but for the professional trader that is looking for something exceptional without having to pay for a lot of glitz that he does not need or want, LCG is waiting for your patronage. LCG ensures that low fees, service reliability, excellent support, and the peace of mind that comes with FCA regulation in London are all packaged together for one no-nonsense deal that focuses on your results. The firm’s website speaks to pride and commitment: “At LCG we're proud of our key strengths… But we won't stop there because we're constantly looking at ways we can improve our offering.” Trust, transparency, and reliability at a very low cost – tough to beat in today’s forex marketplace!

Wednesday, May 27, 2015

HotForex Review




Background

Being “customer responsive” is a proven path to success, especially in the forex brokerage industry, but many firms profess more than they deliver. Not so with HotForex.com, which may be one of the best in the industry at giving their clients what they want and then some. The firm’s offerings and features are bristling with new additions that are tailored to suit specific segments of the global community of traders. If you feel out of sorts with your broker or that the trading environment is not ideal for your individual trading strategies, then HotForex, also known as HF Markets Ltd., may be the broker that you have been searching for. If you prefer binary options, then they can fill that need, as well. Unfortunately, they do not accept U.S. clients at this time.

At HotForex, you can trade traditional forex pairs or binary options, but you can also dabble in CFDs for commodities, stocks, and indices. Formed in 2008 with headquarters in Mauritius, HotForex offers a dual-regulatory compliance regime for their European operations. The Financial Services Commission (FSC) handles compliance in Mauritius, while CySEC regulations apply to its Cyprus operating center. Multiple-language capabilities have attracted a broad-based global customer base of loyal fans, many persuaded to join in due to the 14 prestigious industry awards that the firm has earned over the past seven years. There are also plentiful bonus and award programs to tempt you, whether you are a new, old, big-lot or small-lot trader. HotForex does not discriminate. Micro accounts begin at $5 and progress from there. There are also other specialized accounts that access new social trading and zero-spread trading accounts.

HotForex is a Straight-Through-Processor (STP) that has aligned its liquidity providers to accommodate all types of traders, including scalpers and automated traders. You may download the popular Metatrader4 platform series or access one of many customized operating systems that permit web-based and mobile action to flourish on any operating system. Tight spreads are the rule, and you will find higher leverage limits than offered at most all other brokers. Support materials are excellent and in abundance, and customer service is top-of-the-line, as well. “Honesty, Openness and Transparency” is the firm’s byline, a “HOT” combination from a hot forex broker making its mark.
Unique Features of Trading with HotForex

Why trade with HotForex.com? The firm lists these reasons:
Formed in 2008 in the Republic of Mauritius by industry professionals;
Regulated by the FSC in Mauritius and CySEC in Cyprus;
All deposits are safe in segregated accounts with Tier-1 international banks;
Trade traditional forex pairs or CFDs for stocks, commodities, and indices with over 200 asset choices in 20 markets;
If you prefer binary options, their subsidiary, OptionTrade.com, can handle your needs with a single click from the HotForex website;
MT4 trading platform formats, combined with customized web-based versions for access via any all operating system;
Three standard accounts with escalating benefits: Micro ($5 - $499, Leverage 1000:1); Premium ($500 - $39,999, Leverage 400:1); VIP (Over $40,000, Leverage 300:1);
Specialized accounts: “No-Swap Islamic” account and a Currenex account to provide near zero-spreads for scalpers and automated traders requiring near-zero fixed spreads;
No U.S. clients accepted at this time;
New social trading features will let you “connect with other traders, discuss strategies and news, follow and copy the most successful portfolios and quickly expand your network by identifying more trading opportunities;”
Multiple deposit methods supported;
Proprietary debit card for quick withdrawal applications;
Website in 25 languages, many of which are supported by customer service 24X5 each trading day;


Spreads & Leverage

HotForex offers primarily variable tight spreads, but they also offer a specialized fixed spread account for scalpers and automated traders that equates to Interbank spread prices. Leverage also varies by account classification. For Micro, Premium, and VIP, leverage conditions are respectively 1000:1, 400:1, and 300:1.

Platform

You will not encounter access problems with HotForex. If you prefer MT4 software, then downloads are available, but if your operating system balks or you prefer a web-based solution or mobile app, then look no further. HotForex has custom made a number of software solutions, all state-of-the-art, and each will make your trading experience an enjoyable one from the get go. Mobile access is a snap, any time of day and via any Internet-capable devise, whether a phone, a tablet, or a laptop. The latest in 256-bit SSL technology also encrypts all personal and trading session data for security purposes.

Deposits and Withdrawals

HotForex accepts all major credit and debit cards, bank wire transfers, and additional services like Cashu, Skrill (Moneybookers), Neteller, Ukash, and Webmoney. As with all global brokers, you will need to submit legally mandated identity information before any withdrawal request can be approved and processed. The firm will, if you request, then provide you with its proprietary debit card that can be used for direct purchases or withdrawals at ATMs, all funded by your account balances. For safety purposes and in compliance with regulatory standards, all client deposits are segregated from operating capital in accounts with major Tier-1 banks, like Barclays.

Beginner Support

Bi-lingual customer service representatives speak a dozen or more languages and can be reached “24X5” via phone, email, live chat, or even Skype. The website can actually be read in 25 languages. The firm’s educational center is filled with training materials, videos, charting tools, free signal alerts, daily commentary, and more, for both beginners and veterans.

Conclusion

HotForex has gone over the top to give its customers what they truly want. The firm exemplifies the true meaning of the words “full-service” and “one-stop-shop”. If you want it, you will find it here: competitive spreads and leverage; special account features; customized trading platforms for all operating systems; social trading; accommodative fees for scalpers and EA enthusiasts; and all wrapped together with excellent customer service and support materials. You will be hard pressed to find another broker that tries this hard to win you over, and, judging by its awards and favorable testimonials, the trading public agrees that HotForex is definitely “HOT” and top tier.

Tuesday, May 26, 2015

NSFX Review



Background

Are you tired of looking at forex and binary option broker sites that look the same, as if cut and pasted from another site, with few in the way of disclosures about the management team, regulation, or the safety of your personal deposits? For these reasons alone, NSFX.com is worthy of your consideration, even though they just opened their doors for business in 2012. This management team is proud enough to post their pictures and bios for all to see, a rarity these days. The firm is subject to some of the strictest regulatory compliance regimens on the planet, and it has taken specific steps to segregate your deposits in Tier-1 banks in separate accounts, far from their operating capital.

Are you interested now? Financial professionals that understand the business and know how technology can reshape the competitive playing field founded NSFX.com in 2012. The firm has operating licenses issued by the Malta Financial Services Authority (The MFSA), files monthly compliance reports with major regulatory bodies, and is in full compliance with the European MiFID (Markets in Financial Instruments Directive), the FSA, and many other regulatory bodies across Europe.

The company distinguishes itself, however, in its approach to technology. Yes, they use the Metatrader4 line of products, but they have gone one step further, utilizing the best, designers, software developers, and analysts to create an innovative framework not seen from other brokers. The term their new approach as “MyNSFX”, defined as “a unified client and partner management console that incorporates the trading platform with every tool no more than one click away and is fully integrated into the core system.” Traditional or ECN STP setups are available, but people that have tested their system have proclaimed that their advances are “so cutting edge it's likely to change the way every Forex Broker does business.” The firm’s obvious goal is to immerse you in the next generation of forex trading.

Features of NSFX

Why trade with NSFX.com? The firm lists these reasons:
NSFX is in compliance with all major regulatory agencies across Europe;
Client deposits are 100% segregated in Tier-1 bank accounts, separate from the firm’s operating capital;
The firm has partnered with Barclays, CitiFX Pro, UBS, Bank of America and Deutsche Bank to secure the stability, safety and liquidity that only large banking institutions can provide;
Negative balance protection is provided on all accounts;
Trade 70+ currency pairs, choosing fixed or variable spread trading methods;
Trade from any device with the company’s proprietary trading platform or use one of the many MT4 trading offerings for either traditional or ECN type trading efficiency;
Leverage varies by platform choice but can be as high as 200:1;
Spreads can be as low as 0.9 pips on the EUR/USD pair;
A personal account manager is included with each account package;
Registration is free, but the minimum deposit is $300;
Major credit and debit cards, wire transfer, and a variety of local payment methods ensure prompt and easy movements of funds;
Full range of educational and training materials, ebooks, and tutorials;
Customer service reps are available “24/7” and speak English, Arabic, Italian, and German, while the website can be read in each of these plus Turkish.

Spreads and Leverage

Spreads using an ECN approach can be as thin as 0.9 pips for the Euro. Leverage varies by trading platform from 100:1 to 200:1.

Platform

The NSTrader platform is proprietary and was created to permit access from any device with fixed spreads. The management team has also chosen to use an array of MT4 products labeled as Standard, Professional ECN, and VIP ECN. The company has integrated its unique feature set into these systems to create “MyNSFX”, which now offers “a seamless flow between our client's desire for knowledge and the ability to act upon that knowledge.” Clients are already calling it the wave of the future.

Deposits and Withdrawals

All major credit/debit cards, Moneybookers (Skrill), banking wire transfer, and CashU are supported, making deposits and withdrawals a convenient and easy process. The minimum deposit required has been set at $300, and withdrawal requests will be handled promptly, as long as internationally mandated identity documentation is already on file.  

Beginners' and Customer Support

The NSFX.com website may be viewed either in English, German, Italian, Arabic, or Turkish. An account manager is assigned to each new account, and customer service representatives are available “24/7” that speak each of the above languages with the exception of Turkish. The Trading Academy is also free and is full of resources that will benefit beginner and veteran alike from learning the basics to developing complex trading strategies. There are weekly webinars on all aspects of trading and a vast library of video tutorials.

Conclusion

It is refreshing to find a new broker that willingly speaks to transparency by publishing bios of its chief executives, listing all of the regulatory agencies that it interfaces with on a monthly basis, and disclosing how client funds are segregated in Tier-1 banks by actually naming the banks and the auditors that oversee this “best business practice”. The forex industry has come under fire in each of these areas, and NSFX has gone out of its way to assure customers of its commitment to excellence in each area. The firm also sets itself apart in the technology arena where as their motto declares, “Our client's investments shouldn't be limited or affected by a technological constraint outside of their control or desire.” NSFX has made good on this promise, as well, and is well worth your consideration as your forex broker of choice.

Sunday, May 24, 2015

OctaFX Review


History and Background

OctaFX.com, a relative newcomer in the burgeoning forex broker industry scene, has already made a name for themselves in three short years. Formed in 2011, OctaFX is registered in Saint Vincent and the Grenadines under license number 19776 IBC 2011, but its operating center is run out of Jakarta, Indonesia. For this reason, it has focused on Asia as its primary market, although it services customers in over 100 countries around the globe. Licensing and regulation comes from its island’s regulatory authority, the Financial Services Authority (FSA). International regulation is in process, but the firm complies with global standards to gain your trust. U.S. clients, unfortunately, are not accepted at this time.

When trying to choose from the plethora of available forex brokers, the prudent path is to review regulatory compliance and to note any significant awards or favorable reviews that your prospective firm has earned. From the standpoint of awards, OctaFX has been exemplary. The Global Banking and Finance Review and the Forex Report Magazine, two online portals that provide informative and independent news for the global banking and finance industry, recently recognized OctaFX as the “Best ECN Broker in Asia - 2014” and the “Best Broker Central Asia – 2014”, respectively. A separate page on the firm’s website is details no less than six awards garnered from 2012 through 2014.

The management team also elected to operate as a STP (Straight Through Processing) ECN broker, thereby permitting tight spreads, fast execution, no slippage, and no re-quotes for its clients. Trading options include major currency pairs, along with gold and silver. Their trading platforms begin with the highly popular Metatrader4 downloadable series, including mobile apps. They also offer a “cTrader” series of platforms that supports additional capabilities not found in MT4 modules. Promotional programs and contests abound on an ever-changing calendar to spark interest. From the CEO down to everyone on staff, “Perfectionism in its best sense, professionalism and goal-orientation is what distinguishes the OctaFX team.”
Features

Why trade with OctaFX.com? The firm lists these reasons:
Founded in 2011 and headquartered in Saint Vincent and the Grenadines;
Local FSA regulation and licensing body;
Six major industry awards received for services in 2012 through 2014;
STP/ECN format ensures no slippage, no re-quotes, tight spreads, and fast execution;
No trading room or dealing desk in ECN environment trading against you;
Four account types are offered, ranging from Micro to Mini for beginners, and to ECN for advanced traders;
Customer service reps work “24X5” on market days to fulfill your every need for assistance;
Metatrader4 versions available, together with a “cTrader” platform containing additional enhancements;
State of the Art Network ensures stability, great execution, reliability, and deep liquidity from global banking providers;
ECN fixed spreads begin as low as 0.2 pips;
Up to 1:500 leverage with micro-lots (0.01 size) available for everyone;
Client deposits are always held in safe and secure accounts, segregated from the firm’s operating capital;
Scalping, hedging, trading on the news, and EAs are permitted at OctaFX.
The firm is always conducting a contest or a new promotion for the benefit of its clients.

Spreads and Leverage

As a non-dealing desk STP/ECN broker, OctaFX can guarantee very tight spreads from 0.2 pips, no slippage, and no re-quotes. Leverage up to 500:1 is also offered, even on small micro lot positions.

Platform

OctaFX offers two different trading platforms for your use, each allowing for unlimited access from your desktop, laptop, or mobile device. First, OctaFX grants access to the highly popular MetaTrader series of forex trading platforms. The MT4 set will support your android, iphone, or any WinMobile OS compliant device. Secondly, the firm also provides “cTrader”, what the company states as the new standard in forex trading. Access is similar to MT4, including Apple compatibility, but there are a few additional bells and whistles that make it worth your wile to test out on their free demo system. The latest technology in 128-bit SSL protection routines are utilized to encrypt all trading session and personal data, providing peace of mind from any unexpected compromise from the hacking community.

Deposits and Withdrawals

Deposit and withdrawals can be made through normal channels, like Bank Wire Transfers, Visa / MasterCard, Skrill (Moneybookers), and CashU, but other domestic payment methods are also supported with new ones being added monthly. Your deposit may be in USD or EUR, and the minimum deposit is $5 for a Micro account balance. A typical withdrawal request will be processed immediately with a confirming email following, as long as personal ID information is on file and in order. International anti-money laundering legislation requires that every global forex broker follow specific rules before any withdrawal request can be approved.

Beginner's and Customer Support

Customer service representatives in Jakarta, Indonesia are eager to provide support in several languages. They can be accessed “24X5”, each and every business day. OctaFX notes that these reps handle over 2,000 inquiries each day and resolve queries in five minutes on average, a testament to their professional ability to respond in a timely fashion. Email, live chat, and toll-free phone lines provide access. The company also supplies market news, research, and a convenient economic calendar.

Conclusion

OctaFX has already garnered a number of prestigious industry awards and favorable testimonials, a good basis for choosing this relatively new entrant in the forex broker arena. They are also one of the few brokers willing to share volume data online. For example, on average, 500 new clients, 50,000 profitable trades, and $4 billion in value traded happen on a daily basis. OctaFX also acts in full compliance with international legislation and regulatory standards, in addition to local oversight. FXEmpire, a reputable forex site in London offered these words of praise, “OctaFX have managed to conquer the hearts and minds of many of their clients with the effort and dedication that they put into providing top notch services to their clients. For those who are in the market for a reliable and efficient forex broker, OctaFX certainly comes highly recommended.”

Saturday, May 23, 2015

CM Trading Review



History and Background

CMTrading.com is a unique forex brokerage service, operating out of the well-established financial center of Johannesburg, South Africa. It also has an operating center in the Seychelles, and from these two vantage points, it offers a full service trading experience to a clientele of customers spread across the globe. The firm distinguishes itself from its competitors by offering many services and features that are not available elsewhere, and its learning center is easily at the top end in the industry. CMTrading is also committed to innovation, striving always to offer something new to attract your interest and provide an enjoyable trading environment while maintaining quick order execution from major liquidity providers.

The regulatory regime in South Africa is strict and organized in the same fashion as in the UK and Europe. It is known as the Financial Services Board (FSB) and has authorized the firm’s operation under FAIS License Number 38782. One of the benefits of strict regulation is that your deposits are safe, segregated completely from operating capital in secure accounts at major Tier-1 banks. Operating standards are also higher, and all personal and transactional data are encrypted instantly by using the latest in SSL technology. CMTrading was founded by “traders for traders” to create a “one-stop shop for online trading”. In this vein, the firm also provides alternative asset choices in the form of CFDs for commodities, stocks and indices, along with leverage of 50:1. At this time, U.S. regulators do not formally approve of CFDs, and, therefore, U.S. customers are not accepted at this time.

CMTrading has also received several prestigious industry awards. Metatrader4 and Sirix platform formats are supported to allow for access from any Internet-capable device. The firm’s feature set is robust, since the management team is focused on “always looking to give you that bit extra.” Their “CopyKat” service permits mirror and social trading. A unique “Guardian Angel” feature warns you immediately of any major changes in market conditions, while their “Flexi Analysis” system assembles all proprietary analyses and trade signals in one convenient place in nearly 100 languages. Lastly, if your account balance is over $500, the firm will send you, at your election, a MasterCard prepaid card that can be used for immediate ATM withdrawals or purchases, using funds from your account. If you desire a cut above, CMTrading is the place for you.
Features

Why trade with CMTrading.com? The firm lists these reasons:
Founded by a group of professionals, astute in all aspects of the trading industry;
Headquartered in Johannesburg, South Africa, with an operating satellite office in Victoria, Mahe, Seychelles;
Firm offers traditional forex trading, as well as CFDs for commodities, stocks and indices;
MT4 and Sirix trading platforms provide a complete set of access options;
Competitive spreads and leverage up to 200:1 (400:1 on Mini accounts);
Up to 50:1 leverage allowed on CFDs;
Automated “mirroring” service (“CopyKat”) and social trading;
Extensive education materials that include one-on-one training;
Four account classifications with escalating benefits, including tighter spreads: Mini ($200 to $999; Standard ($1,000 to $4,999); Executive ($5,000 to $24,999); and Gold (over $25,000);
A free Demo Account comes with all account classifications;
Deposit minimum = $200;
Withdrawal requests are handled within 24 hours, or they can be immediate if you use the firm’s proprietary MasterCard prepaid card;
Several promotions and bonus programs that change from time to time;
Institutional players will benefit from partnering with CMTrading’s Introducing Broker (IB) Program, which also won the 2013 Award Best IB program;
Bilingual customer service reps are available 24X5 via live chat, email, or by 16 direct international phone lines.

Spreads and Leverage

For “Mini” and “Standard” accounts, spreads for major pairs average between 2 to 3 pips, in line with other competitive traditional forex brokers, but you can get a 1 pip discount on average with the higher account classifications of “Executive” and “Gold”. Leverage provided for forex trades is 400:1 for the Mini account and 200:1 for all other account classifications. The firm also allows 50:1 leverage on CFDs.

Platform

CMTrading employs the highly popular Metatrader4 trading platform. For those traders that are on-the-go or do not want to download MT4, CMTrading supports the Sirix set of web-based and mobile trading platform services. All systems exude state-of-the-art order execution, and special proprietary features make sure that each trader is kept informed of market changes by the clever use of free signals and alerts. The latest in 256-bit SSL encryption technology ensures that your security and privacy will not be compromised by any illicit interventions from the hacking community.

Deposits and Withdrawals

CMTrading makes depositing funds an easy task by accepting all major credit/debit cards, bank wire transfers, CashU, and Skrill (Moneybookers). Withdrawals are also a snap, most always processed within a 24-hour period, as long as internationally mandated identity documentation is in order. One unique aspect of this firm is that it is the only broker that we know that issues its own MasterCard prepaid card to its clients. The card can be used at ATMs or the point-of-sale for purchases around the globe.

Customer Support

Customer Service assistants are bilingual and accessible “24X5” during weekly trading hours. Live chat, email, or a direct call from any of sixteen international direct phone lines is all it takes to get professional support immediately. The firm’s support reputation is stellar, but it is even better know as one of the best training brokers in the business. Educational materials include Training Videos, Technical Analysis, Fundamental Analysis, Webinars, Guardian Angel, Expert Advisors, CM Trading Signals, Flexi Analysis, Support Resistance, and Trendlines Forex. The “Guardian Angel” service is proprietary and unique. Special communication techniques warn traders of rapidly changing conditions in the market.

Conclusion

CMTrading may be on the southern tip of Africa and seem to be far away, but they operate in one of the more developed financial centers of the world, together with another operating satellite office in the Seychelles. The firm’s service offering is very competitive, and they have made a point to offer numerous services and features that you will not find elsewhere. Their trading platform options are state-of-the-art and ensure an enjoyable trading experience, for both beginners and veterans, alike. The firm is also not standing in place on its laurels and awards to date. In their introductory section, the management team commits to continuous innovation: “As CMTrading continues to develop and upgrade we look only to arrive at the forefront of the online trading world.” They appear on track to achieving this goal and are well worth your consideration.

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