Academy

What is Scalping? The best brokers for Scalp Trading

نویسنده بروکرلند19 April 2024

What you are about to read:

In the dynamic world of forex trading, various strategies are employed by traders to capitalize on short-term price movements. One of these strategies is scalping, which involves making quick trades to capture small price changes. This article from Brokerland to learn forex examines scalp trading in forex, defining it, discussing techniques, advantages, risks, and considerations for traders.

What is Scalping?

Scalping in forex refers to a strategy where traders aim to profit from small price movements by entering and exiting trades rapidly. Unlike long-term trading approaches, scalp trading involves holding positions for very short periods, sometimes just seconds or minutes. The goal of this method is to accumulate small profits from numerous trades throughout the day. Scalpers typically target currency pairs with high liquidity and low spreads, allowing them to execute fast trades and capitalize on small price differences.

Key features of scalping include using short time frames like tick charts or one-minute charts to identify rapid price movements. Scalpers heavily rely on forex indicators such as moving averages, RSI, or MACD for quick decision-making in trades. They also use stop-loss orders to manage risk and protect against adverse price changes. This trading strategy requires intense focus, quick decision-making, and a disciplined approach to trading execution.

Scalp trading Techniques in Forex

Scalping in forex requires specific techniques to effectively capitalize on short-term price movements. Here are key techniques commonly used by scalpers:

Choosing the right currency pair: Scalpers typically focus on currency pairs with high liquidity and low spreads. Common choices include major pairs like EUR/USD, GBP/USD, USD/JPY, as well as currency pairs with tight bid-ask spreads to minimize transaction costs.

Short Time Frames: Scalpers operate within very short time intervals, often using tick charts, one-minute charts, or five-minute charts. These short intervals allow them to observe rapid price movements and capitalize on quick fluctuations.

Technical Analysis Indicators: In scalp trading, decision-making heavily relies on technical analysis. Commonly used indicators include:

Moving averages: Identifying trends and potential entry/exit points based on moving average crossovers or jumps.
RSI (Relative Strength Index): Recognizing overbought or oversold conditions to predict reversals.
MACD (Moving Average Convergence Divergence): Providing forex signals for movement changes and trade setups.
Bollinger Bands: Identifying price fluctuations and potential price breaks.

Strategies: Below are strategies used in scalp trading:

Range Trading: Buying at support levels and selling at resistance levels within a limited price range.
Breakout Trading: Entering trades when prices break above or below key levels, aiming for quick profits. Watch out for fake breakouts in this method.
Fading: Trading against the trend based on overbought or oversold conditions indicated by indicators.

Fast Execution: Scalpers use fast and reliable trading platforms like TradingView, MetaTrader 5, and MetaTrader 4 with direct market access to ensure swift order execution. This is crucial as scalpers need to enter and exit trades quickly to benefit from small price differences.

Tight Stop-Loss Orders: Due to the short duration of trades, scalpers use tight stop-loss orders to limit potential losses and protect capital. Stop-loss levels are set based on drawing support and resistance levels or technical indicator signals.

Market Sentiment Monitoring: Scalpers often pay attention to market sentiments and forex news releases that can impact short-term price movements. Sudden market changes or unexpected news announcements on interest rates, inflation, and unemployment rates can affect scalping strategies, making staying informed essential.

Risk Management: Effective risk management is vital for scalpers. They often limit the size of their positions relative to their account size and follow an appropriate risk/reward ratio. The goal of scalp trading is to maintain a high win rate with small profits per trade and offset potential losses.

With mastery of these techniques and strategies, scalpers can navigate short-term, high-speed trading environments in forex markets. It’s important to note that scalping requires discipline, decisiveness, and a strong understanding of technical analysis. Traders interested in this method should practice these techniques in a demo account, available with various forex brokers, before using them in live trades to build confidence and refine their skills.

Advantages and Positive Points

Scalp trading offers several advantages for forex traders:

Frequent Trading Opportunities: Scalpers can execute multiple trades in a day and capitalize on numerous short-term price fluctuations.
Reduced Market Exposure: Since trades are held for short periods, scalpers are less exposed to overnight market risks and unexpected news events.
Quick Profits: Scalping targets small price changes, allowing traders to continuously accumulate profits throughout the day.
Drawdown: With tight stop-loss orders, scalpers can control potential losses and manage risk effectively.

Disadvantages and Challenges of Scalp Trading

Despite its appeal, this strategy comes with inherent risks and challenges:

High Transaction Costs: Frequent trading incurs higher transaction costs due to spreads and commissions, which can eat into profits.
Intense Focus and Stress: Scalp trading requires constant attention and quick decision-making, leading to psychological stress and fatigue.
Execution Risks: Rapid market movements or slippage can impact execution and potentially lead to unexpected losses.
Limited Profit Potential per Trade: In scalping, traders aim for small profits per trade, which may restrict overall profit potential compared to long-term trading strategies.

What Makes a Good Broker for Scalp Trading?

Choosing a suitable broker is crucial for success in scalping due to the specific requirements of this trading strategy. Here are key factors a good broker for scalping should have:

Low Spreads: Scalpers aim to profit from small price movements, so the broker should offer tight spreads on major currency pairs. Low spreads reduce trading costs and allow scalpers to enter and exit trades frequently without significant slippage affecting profitability.

Fast Order Execution: A good broker for scalp trading should provide fast and reliable order execution. This means orders should be executed quickly without delays or re-quotes, ensuring that scalpers can capitalize on fleeting market opportunities.

Execution without a dealing desk (NDD): Brokers offering NDD execution route trades directly to liquidity providers, reducing the likelihood of conflicts of interest and minimizing execution delays. NDD brokers often provide faster order processing, which is beneficial for scalpers.

Minimum Slippage: Slippage occurs when the executed price differs from the expected price due to market fluctuations or delays. A good broker for scalp trading should have systems in place to minimize slippage and ensure that trades are executed close to desired prices.

Suitable Platform: The trading platform offered by the broker should be user-friendly, stable, and equipped with advanced features suitable for scalping. Look for platforms that support one-click trading, customizable charts, and real-time market data.

Liquidity Providers and Market Depth: Choose a broker that has access to deep liquidity from reputable liquidity providers. Deep liquidity helps ensure that orders are filled quickly and at desired prices, even during periods of high market volatility.

Regulations and Regulation: Choose a broker for scalp trading that is regulated by a reputable financial authority. Regulatory oversight helps protect traders’ funds and ensures fair trading practices. Additionally, the broker should provide strong security measures to protect accounts and customer data.

Transparent Fee Structure: A good broker should have a transparent fee structure without hidden costs. Consider factors such as spreads, commissions, overnight swap rates, and other fees to accurately assess trading costs.

Customer Support: Reliable customer support is essential for scalping trading, especially during active trading hours. Choose a broker that offers responsive customer support through multiple channels (e.g., live chat, phone, email) to quickly address any issues or questions.

Availability of Demo Account: Before depositing real funds, testing a broker’s services and trading conditions using a demo account is helpful. This allows scalpers to evaluate order execution speed, platform performance, and overall trading experience without risking capital.

Risk Management Tools: Some brokers offer advanced risk management tools such as Guaranteed Stop Loss Orders (GSLO) or protection against negative balance. These features can help reduce risks associated with fast markets and unstable price fluctuations in scalping.

Considering these factors and conducting thorough research, scalpers can identify a broker that aligns with their specific needs and preferences. If we take into account all the points mentioned above and want to name a few brokers for scalp trading that have all these features, surely Alpari‘s Pro-ECN account, LiteForex‘s ECN account, Fibo Group, standard commission-free account, or zero spread ECN pro account of OmegaFinex, and the ECN trading account with Ingot.

Considerations for Scalpers

Scalping can be rewarding but also challenging. To enhance success and effectively manage risks, it requires a detailed examination of several factors, which are important considerations for scalpers:

Choose the right broker: For supporting scalping activities, choose a broker with tight spreads, fast execution, and minimal slippage.
Utilize technology: Use trading platforms and tools that enable fast order execution and provide real-time market data.
Implement precise risk management: Set real profit targets in scalp trading and adhere to disciplined risk management strategies, including stop-loss orders and position sizing.
Continuous learning and adaptability: Stay updated with market developments, modify trading strategies, and adapt to changing market conditions.
Monitor trading costs: When evaluating the profitability of scalp trading, scrutinize brokerage costs accurately.

By considering these factors and incorporating them into your scalping approach, you can optimize your trading efficiency, effectively manage risks, and increase the likelihood of achieving consistent profits in the fast-paced forex world. Remember that patience, discipline, and continuous improvement are key to mastering this challenging trading strategy.

Summary

Scalping is a fast-paced forex trading strategy designed for short-term price fluctuations. While this approach offers frequent trading opportunities and quick profits, overcoming its inherent challenges requires discipline, focus, and effective risk management. Traders considering this trading strategy should carefully assess their trading style, market conditions, and technological resources to optimize their chances of success in this dynamic trading approach.

By understanding the subtle differences in scalping and implementing correct trading methodologies outlined in this Brokerland article, traders can harness its potential for generating consistent returns amid the fast-paced forex market landscape. However, it’s important to note that this method is not risk-free and may not be suitable for all traders, requiring a specific set of skills and conditions.

Binance Coin | Definition and Uses of BNB

نویسنده بروکرلند14 April 2024

What you are about to read:

In the dynamic landscape of cryptocurrencies, Binance Coin (BNB) stands out as a token empowering the vibrant ecosystem on the Binance platform. Created by Changpeng Zhao (CZ) and the Binance team, BNB crypto was introduced in July 2017 with a vision to revolutionize how users interact with crypto assets and blockchain technology. Since its inception, BNB has evolved from a simple transaction fee discount token to a multi-faceted asset with diverse functionalities and widespread acceptance.

At Brokerland, across various educational articles on Forex and crypto, numerous concepts ranging from coin introductions to topics on Bitcoin mining, mining pools, or cloud mining have been covered. This article delves into the origins, objectives, applications, and evolving role of Binance Coin in the broader cryptocurrency ecosystem, elucidating its significance and impact in decentralized finance (DeFi), tokenomics, and blockchain innovation.

Join us as we explore the journey and evolution of BNB crypto and uncover the factors contributing to its unique position in the world of cryptocurrencies.

Introduction to Binance Coin

Binance Coin is a cryptocurrency created by Binance, one of the largest and best crypto exchanges in the world. Launched in July 2017, BNB initially started as an ERC-20 token on the Ethereum blockchain before transitioning to Binance’s native blockchain, Binance Chain, with the launch of the Binance Mainnet in April 2019. Here’s a summary of the invention process and timeline of BNB:

Inception and ICO (Initial Coin Offering) of BNB Crypto

July 2017: Binance was founded by Changpeng Zhao, a prominent figure in the crypto industry. The platform quickly gained popularity due to its user-friendly interface, low transaction fees, and strong security features.

Within a few weeks of its launch, Binance announced its plans to introduce its native cryptocurrency, Binance Coin (BNB). The initial goal of BNB crypto was to facilitate transactions on the Binance platform and incentivize users through benefits and various tools.

Binance conducted an Initial Coin Offering (ICO) for BNB and issued 100 million tokens (out of a planned total supply of 200 million tokens) to investors and early supporters. The ICO took place from January 1st to July 21st, 2017.

ERC-20 Token Based on Ethereum

July 2017 – April 2019: Initially, BNB crypto was launched as an ERC-20 token on the Ethereum blockchain, adhering to the ERC-20 standard for tokens. This allowed Binance to quickly distribute BNB during the ICO phase among investors.

Transition of BNB to Binance Chain

April 2019: Binance officially launched its own blockchain, Binance Chain, along with the Binance Mainnet. As part of this transition, BNB moved away from the Ethereum blockchain to become the native asset on the Binance Chain.

Migration Process: Binance facilitated the migration of BNB tokens from the Ethereum blockchain to Binance Chain. Holders of BNB were instructed to swap their ERC-20 BNB tokens with native Binance Chain coins.

Purpose and Uses of BNB Crypto

Every cryptocurrency, from Bitcoin to stablecoins and altcoins like Dogecoin or Solana, has its own specific purpose and use cases defined by its characteristics. The primary purpose of Binance Coin is to serve as a utility token within the Binance ecosystem.

It is designed to facilitate various use cases and offer benefits to users of the Binance platform, such as decentralized crypto exchanges like PancakeSwap and SushiSwap, which use their native tokens to provide cost savings and convenience to users. Key functions and applications of BNB icrypto nclude:

Transaction Fee Discounts: One of the most notable use cases for Binance Coin on the Binance platform is paying transaction fees. Users holding BNB in their Binance accounts can use it to pay for trading fees and receive significant discounts (usually 25%) on these fees. This has been a key incentive for adoption and use of this currency among traders on Binance.
Token Sales and Investments: Binance Launchpad, the platform for launching Binance Coin, often requires participants to hold a certain amount of BNB crypto to qualify for token sales. Therefore, holding BNB can provide exclusive investment opportunities in new crypto projects for users.
Binance Smart Chain (BSC) Transactions: With the emergence of Binance Smart Chain, a blockchain compatible with Ethereum launched by Binance, BNB acts as the primary asset for powering transactions, executing smart contracts, and paying network fees on BSC.
Staking and Yield Farming: BNB crypto holders can participate in yield farming activities to earn rewards and generate passive income. Binance periodically offers opportunities for holders of this currency to earn additional BNB or tokens.

Tokenomics Concept

Similar to Bitcoin halving of maintaining and preventing its value from declining, BNB also has a mechanism to maintain its price. The total supply of this token is limited to 200 million tokens. Binance periodically conducts token burns, where a portion of BNB tokens are permanently taken out of circulation, reducing the overall supply. This token burning process is designed to create scarcity and potentially increase the value of the remaining tokens over time.

Is Binance Coin Safe?

Binance Coin, which was initially launched through an Initial Coin Offering (ICO), has since become one of the most recognized and widely used cryptocurrencies in the market, safeguarding it against abuses like pump and dump schemes commonly found in meme coins or shitcoins.

Overall, determining whether this coin (BNB) is “safe” or not requires consideration of several factors related to technology, adoption, and use within the Binance ecosystem. Here are key aspects to consider when assessing the safety of BNB:

Binance Exchange Security

The security of any exchange, whether Binance and BingX or ByBit and CoinEx, is of utmost importance and should be thoroughly examined. BNB crypto is fundamentally associated with Binance, one of the largest and most reputable crypto exchanges globally.

Binance has made significant investments in security measures to protect user funds and assets. This includes deploying robust cybersecurity protocols, implementing two-factor authentication (2FA), and maintaining insurance coverage to mitigate potential losses.

Binance Coin Blockchain Security

BNB initially existed as an ERC-20 token on the Ethereum blockchain before transitioning to the Binance Chain and subsequently the Binance Smart Chain (BSC). Both the Binance Chain and BSC are maintained by Binance, with BSC being a proof-of-stake (PoS) blockchain. Blockchain security relies on factors like consensus mechanisms and network decentralization, which can significantly impact overall safety.

Acceptance and Liquidity of BNB Crypto

The widespread acceptance of Binance Coin as a utility token within the Binance ecosystem contributes to its overall safety. Liquidity and trading volume of the token on reputable exchanges provide additional assurance to investors and users.

Regulatory Compliance

Similar to discussions on regulation in a forex broker or prop trading firms, exchanges also need to be licensed and regulated. Binance operates in multiple jurisdictions and adheres to legal requirements when necessary. Compliance with regulations can enhance the safety of using Binance Coin on the Binance platform.

Risks and Considerations Associated with Binance Coin

Despite these factors, understanding potential risks associated with any cryptocurrency, including BNB, is essential:

Market Volatility: Like many cryptocurrencies, the value of BNB crypto can be subject to significant price fluctuations, creating slippage and risks for investors.
Centralization Concerns: BNB’s association with Binance raises questions about centralization, as Binance controls the Binance Chain and BSC. This can impact governance and decision-making related to the ecosystem.

Users can enhance their crypto safety, including that of Binance Coin, by taking personal security measures such as using secure crypto wallets like Trust Wallet (a crypto wallet for Android) or Ledger (a secure hardware crypto wallet), enabling 2FA, and practicing vigilance against phishing attacks.

Evolution and Growth of BNB Crypto

Binance Coin has undergone significant transformation and growth since its inception. With the launch of Binance Chain and subsequently Binance Smart Chain (BSC), BNB has expanded its utility beyond just a transaction fee discount token. Now, it provides a complete ecosystem of decentralized applications (dApps), decentralized finance (DeFi) projects, and non-fungible token (NFT) platforms within the Binance ecosystem.

The market value and acceptance of BNB stem from Binance’s strong presence in the market, innovative initiatives, and strategic engagements in the blockchain and digital asset industry. Binance’s commitment to expanding the use cases and applications of this coin continues to attract investors, traders, and developers to leverage the capabilities of the Binance ecosystem.

Summary

Binance Coin was initially designed as a utility token within the Binance ecosystem. Various objectives, including paying transaction fees on Binance, participating in token sales through Binance Launchpad, enhancing transactions and smart contracts on Binance Smart Chain (BSC), and activating various decentralized applications (dApps) in this ecosystem, are being achieved.

The relative safety of BNB depends on various factors, including its association with Binance, blockchain security, acceptance, and regulatory compliance. While BNB has demonstrated flexibility and utility within the Binance ecosystem, users should exercise caution, conduct thorough research, and consider personal risk tolerance when investing or trading BNB or any crypto.

Binance has continuously expanded the use and acceptance of this coin since its inception. This token has evolved beyond a simple transaction fee discount and has become a key component of the broader Binance ecosystem, supporting various DeFi projects, NFT platforms, and blockchain-based applications.

The invention of BNB crypto was a significant milestone in Binance’s growth story, enabling the exchange to create a strong ecosystem centered around its primary token. Through advancements and strategic collaborations, this coin has become an integral part of the global crypto asset landscape.

What is Solana? 0 to 100 about Sol Crypto

نویسنده بروکرلند11 April 2024

What you are about to read:

In the rapidly evolving landscape of blockchain technology and cryptocurrency, Solana has emerged as a prominent player, offering a highly performant blockchain platform designed to support decentralized applications (dApps) and cryptocurrencies at scale.

Sol crypto, launched by the Solana Foundation in March 2020, aims to address key challenges of existing blockchain networks, such as scalability, speed, and cost-effectiveness. This article from BrokerLand delves into the fundamentals of this cryptocurency, exploring its emergence, key features, use cases, and its impact on the broader cryptocurrency ecosystem.

What is Solana?

The world of cryptocurrency has garnered much excitement among those interested in part-time or full-time trading in financial markets. There is a multitude of choices among altcoins for individuals. The ways of earning income from these currencies are also varied. Some aim to profit from their appreciation over time by purchasing them from a reputable crypto exchange such as CoinEx or ByBit and holding them in their crypto wallet.

Others prefer to trade these currencies on trading platforms like MetaTrader 4 and 5 or TradingView, similar to currency pairs, to generate income. Regardless of which category you fall into, familiarity with various tokens, including Sol crypto, which we will discuss below, will provide you with insights and more opportunities.

Solana was founded by Anatoly Yakovenko, a software engineer and entrepreneur with experience in distributed systems and blockchain technology. Before founding Solana Labs, the company behind this blockchain platform, he worked at Qualcomm, Dropbox, and Mesosphere.

Development of Sol crypto began around 2017, with the mainnet officially launched in March 2020. Anatoly Yakovenko and his team aimed to address key scalability issues faced by existing blockchain networks like Bitcoin and Ethereum by leveraging innovative technologies such as Proof of History (PoH) and Tower BFT (Byzantine Fault Tolerance) to achieve high throughput and low latency without compromising security and decentralization.

Since its launch, Solana has garnered significant attention and adoption within the blockchain community, attracting developers and projects due to its performance capabilities and developer-friendly ecosystem. Anatoly Yakovenko continues to lead Sol Labs in further developing and expanding its platform to support a wide range of decentralized applications and use cases.

Essentially, it’s a blockchain platform that enables developers to build decentralized applications (dApps) and tokens. At its core, Sol crypto employs a unique combination of technologies and innovations to provide unprecedented scalability without sacrificing security or decentralization. Let’s further examine key features and innovations.

Proof of History (PoH): Sol crypto introduces a new concept called Proof of History (PoH), which is a cryptographic clock providing a way to encode time within the blockchain history. PoH allows nodes to agree on the order of events without needing direct communication, thereby enhancing network efficiency and overall speed.

BFT (Byzantine Fault Tolerance): It combines Proof of History with the Tower BFT consensus mechanism to achieve rapid finality and security. This consensus mechanism enables low-latency transaction confirmations and improves the overall network performance.

Gulf Stream: Gulf Stream is Solana’s concurrent transaction processing engine designed to optimize parallel transaction processing. This feature allows this coin to process thousands of transactions per second (TPS) and transforms it into one of the fastest blockchain platforms available.

Turbine: Turbine is Solana’s network protocol that facilitates high-speed data propagation across the network. By optimizing data transfer, Turbine contributes to scalability and overall performance of this currency.

Scalability: One of the key advantages is its scalability. Traditional blockchain networks like Bitcoin and Ethereum face scalability challenges due to their consensus mechanisms. However, Sol crypto , with its innovative combination of technologies, can process thousands of transactions per second and compete with centralized payment systems.

Use Cases and Applications of Sol Crypto

Solana’s high throughput and low transaction costs make it suitable for a wide range of applications. Some of its use cases include:

Decentralized Finance (DeFi)

Sol crypto has become a popular platform for decentralized financial applications (DeFi) due to its scalability and low transaction fees. Use cases in DeFi include:

Decentralized Exchanges (DEX): It supports fast and efficient cryptocurrency trading on any decentralized exchange like PancakeSwap, allowing users to trade cryptocurrencies with high throughput and minimal latency. Prominent examples include projects like PancakeSwap and SushiSwap.
Lending and Borrowing Protocols: Sol-based protocols enable users to lend and borrow digital assets peer-to-peer, facilitating interest-bearing accounts and loans.
Stablecoins: Sol crypto provides a platform for issuing and trading stablecoins like Sol-based Tether, enabling efficient and low-cost transactions of value-backed tokens.

Using Sol crypto in games

Solana’s high performance and low latency make it ideal for blockchain-based gaming applications, offering a seamless and interactive gaming experience. Use cases in gaming include:

NFT Markets: It supports NFT markets where users can buy, sell, and trade digital assets like in-game items, artworks, and collectibles.

Scalable Games: Developers can utilize Sol’s performance capabilities to create scalable multiplayer games with real-time interaction and decentralized economies.

Utilizing Solana in Non-Fungible Tokens (NFTs)

The efficiency of this currency in managing large transaction volumes makes it suitable for NFT-related applications, including:

Creating and Trading NFTs: Artists and creators can create and sell NFTs on Solana, benefiting from low costs and quick confirmation times.
Games and Collections: NFTs representing in-game items, digital art, and unique collections can be securely stored and traded on Sol’s digital asset platforms.

Social Media and Content Platforms

Solana enables the creation of decentralized social media platforms and content sharing networks that are resistant to censorship and control. Use cases include:

Decentralized Social Networks: Platforms can be built on this currency where users have ownership and control over their data and interactions.
Content Monetization: Creators can tokenize their content and receive direct payments from supporters without relying on intermediaries.

Organizational Applications

Solana’s scalability and security features make it suitable for top-tier organizational blockchain applications, including:

Supply Chain Management: This currency can be used for transparent and traceable supply chain management solutions, enhancing efficiency and reducing fraud.
Identity Verification: This blockchain can act as a secure platform for identity verification and authentication services.

Sol’s adaptable blockchain platform opens up a wide range of possibilities for developers and entrepreneurs across industries, offering a level of security against pump and dump schemes common in meme coins. From financial matters and gaming to art and social media, its fast and cost-effective infrastructure drives innovation and adoption in decentralized ecosystems. As the ecosystem continues to evolve and mature, we can expect to see more diverse and impactful use cases on this high-performance blockchain platform.

Summary

The world of cryptocurrencies is full of opportunities and choices for enthusiasts. Whether you have good knowledge in this field from Bitcoin halving to all the latest techniques, including manipulations and understanding of currencies, you can profitably trade them on a cryptocurrency exchange and store them in an crypto wallet for Android or hardware wallet, making a profit without any intermediary traders.

If you are interested in areas such as Bitcoin mining, mining pools, and cloud mining, visit the site’s article list to become fully acquainted with them.

Sol crypto represents a significant advancement in blockchain technology, providing a scalable and efficient platform for developers to build decentralized applications. With innovative features and a growing ecosystem, this currency has the potential to embrace mainstream blockchain technology across various industries. As the blockchain space continues to evolve, Sol stands out as a promising project addressing critical scalability issues while paving the way for the next generation of decentralized applications and services.

What is Slippage, Why it Happens and How to Avoid it?

نویسنده بروکرلند7 April 2024

What you are about to read:

In the dynamic world of forex trading, slippage is a phenomenon that traders often encounter but may not fully understand. Slippage in forex refers to the difference between the expected price of a trade and the price at which the trade is actually executed. This discrepancy can occur due to market fluctuations, liquidity variations, delays in forex order processing, or broker execution methods.

While slippage is a common occurrence in fast-paced markets, its impact on traders can be significant, affecting trade outcomes, profitability, and overall trading experience. In this article, Brokerland delves into the details of this phenomenon in forex trading, examining its causes, effects, and strategies for effective management and reducing its impact on traders.

What is Slippage in Forex and Why Does it Occur?

Slippage in forex refers to the difference between the expected price of a trade and the price at which the trade is actually executed. This can happen when there is a discrepancy between the price a trader sees when placing an order and the price at which the order is filled.

Slippage can be positive or negative: positive one occurs when a trade is executed at a better price than expected, while negative one occurs when a trade is executed at a worse price. Several factors contribute to this, which we will examine further:

Market fluctuations: It often occurs during periods of high market volatility. This happens because when markets are volatile, prices can change rapidly, leading to significant delays in order execution. Traders may place an order at a certain price, but by the time the order reaches the market, the price has already changed, resulting in slippage.

Liquidity: It is more pronounced in markets with lower liquidity or during times of low liquidity. In such conditions, a buyer or seller may not be available at the desired price level, resulting in the trade being executed at a different price.

Impact of large orders in the market: Large orders or the presence of smart money can cause slippage as they can move the market. When a trader executes a large order, especially in a market with limited liquidity, it can deplete available liquidity at the desired price level, causing the remaining order to be filled at less favorable prices.

Order processing speed: This issue can arise due to delays in order processing by forex brokers. If the price changes significantly between the time of order placement and execution, the order may be filled at a different price.

Broker Execution: The quality of execution provided by a broker can impact slippage in forex. Some brokers, like OmegaFinex Broker, offer direct market access (DMA) and have strong liquidity providers, which can help reduce it. On the other hand, brokers with poor execution quality may struggle to fulfill orders at desired prices, leading to slippage.

Ways to Manage Slippage in Forex

Managing slippage in forex involves employing various strategies and techniques to mitigate its impact on trade execution. As mentioned above, it can occur due to market fluctuations, liquidity conditions, order size, and broker execution speed. Here are several ways to effectively manage it:

Use Limit Orders Instead of Market Orders

Use limit orders instead of market orders to specify the exact price you want to enter or exit a trade. A limit order ensures that your trade is executed at a specific price or a better price if available in the market. By using limit orders, you have more control over the price at which your trade is executed, which can help reduce the risk of negative slippage in volatile market conditions.

Avoid Trading During High-Impact News Events

Stay informed about upcoming economic news using economic calendars available on reputable websites like TradingView, MQL5, MyFXBook, or Forex Factory, and refrain from trading during high-impact events such as central bank announcements, unemployment rate reports, or geopolitical developments.

Major forex news releases can cause significant market fluctuations and widen spreads, increasing the likelihood of slippage. It is advisable to wait until after the news event to resume trading.

Trade During High-Liquidity Market Hours

Select active trading sessions and focus on trading during peak market hours when liquidity is higher. The forex market has increased liquidity during overlapping trading sessions (e.g., London and New York sessions) which is one if the kill zones, can reduce the risk of slippage in forex. Trading during low liquidity periods, such as late Asian sessions or weekends, can increase the likelihood of slippage due to wider spreads and fewer market participants.

Use Appropriate Stop Loss to Manage Slippage

Set appropriate stop loss levels. When placing stop loss orders, place them slightly away from key support or resistance levels to avoid premature triggering during price fluctuations. For useful tips on setting appropriate stop losses, you can read articles on Guaranteed Stop Loss Orders (GSLO).

Some brokers offer guaranteed stop loss orders that ensure your stop loss order is executed at a specified price regardless of market conditions. However, GSLOs may come with additional costs. Read the Stop hunting article to learn important tips fo setting a wise stop loss in trading.

Monitor Broker Execution Quality

Choose a reputable forex broker like LiteForex or RoboForex with a proven track record of reliable order execution and minimal slippage. Also, test the speed of order execution by trading on a demo account and monitoring order execution speed in different market conditions.

Diversify Trade Volumes to Reduce Slippage Impact

Avoid large orders and instead, divide them into smaller, manageable positions. This can help reduce the impact of large trades on market liquidity and minimize slippage in forex.

Regularly Review Trade Performance to Manage Slippage

Track occurrences of slippage in your trading journal and analyze its patterns in various market conditions. Use insights gained from analyzing your trade performance and statements to adjust trading strategies and risk management techniques for better management.

By implementing these strategies, traders can effectively manage slippage and improve the overall quality of trade execution in the forex market. Adaptability and responsiveness to changing market conditions are essential to minimizing its impact on trading outcomes.

Negative consequences of slippage in forex trading

Slippage in forex can have several side effects that affect traders’ profitability and overall trading experience. While a common occurrence in financial markets, excessive or unmanaged slippage can lead to the following consequences:

Increased transaction costs: It can result in trades being executed at prices lower than expected, which leads to higher transaction costs. This is especially important for high-frequency traders or those trading large volumes, as frequent slippage can decrease profits over time.
Profit reduction: It can negatively impact traders’ profitability by causing trades to be executed at worse prices, which can affect the overall performance of trading strategies. Unmanaged slippage can lead to unexpected losses and reduce the effectiveness of trading systems.
Issues with Stop Loss execution: It can cause stop-loss orders to be executed at prices different from the specified level. If prices move rapidly against the trader’s position, especially during periods of high volatility, this can result in larger-than-expected losses.
Unintended position size: It can affect position size calculations, especially for traders using leverage or trading large volumes. Unexpected slippage can lead to larger positions being opened or closed than intended, increasing risk exposure and impacting portfolio management.
Impact on trading strategies: It can disrupt the performance of trading strategies that rely on precise entry and exit points. Short-term price movement-based strategies or scalping techniques may be particularly sensitive to slippage, affecting the stability and effectiveness of trading results.
Loss of confidence: Repeated experiences of slippage can undermine traders’ confidence in their ability to execute trades effectively. This loss of confidence may lead to hesitation in decision-making or reluctance to enter specific market conditions, ultimately affecting trading performance and psychology.
Negative user experience: To mitigate the side effects of slippage in forex, traders can employ risk management strategies such as using limit orders, avoiding trading during high volatility periods, selecting reputable brokers with reliable execution like Orbex and Fibo Group, and monitoring its patterns over time. Through active management and adaptation of trading methods based on this, traders can minimize its impact on profitability and overall trading success.

Summary

Slippage in forex remains a significant consideration for traders when decide to learn forex trading, following the complexities of financial markets. Understanding the causes and consequences of this issue is essential for traders to develop strong risk management strategies and optimize trading performance.

While complete elimination of slippage may not be possible, traders can utilize various techniques such as using limit orders, avoiding high volatility periods, and selecting reputable brokers with reliable execution to minimize its impact. By adjusting trading strategies accordingly, traders can enhance their trading experience, reduce potential losses, and strive for consistent profitability in forex markets.

Smart Money Concept | How to Trade Smart Money Strategy?

نویسنده بروکرلند4 April 2024

What you are about to read:

In the world of forex trading, success often depends on an individual’s ability to decipher the complex and dynamic network of the market. Among the myriad strategies touted by experts and commentators, one approach stands out for its reliance on the actions of seasoned investors and institutional players—the Smart Money concept.

This strategy, which involves aligning individual trades with the movements of institutional investors and large traders, provides an overview of the internal workings of the forex market. By understanding the behaviors of these savvy participants, traders seek to gain an edge in pursuing profitable transactions.

In this article, Brokerland delves into the intricacies of the Smart Money strategy, examining its principles, advantages, challenges, and methods of identification in the market for traders navigating the forex landscape.

Understanding Smart Money Concept

In simple terms, “Smart Money” in the forex market refers to the trading activities of experienced and well-resourced investors and institutions such as banks and investment funds. These players often possess significant resources and knowledge that enable them to make informed decisions and influence market movements. The Smart Money strategy involves tracking their actions to potentially benefit from their expertise and the movements they create in the market.

Imagine being in a crowded room where some individuals are experts at predicting which direction the wind is blowing. These experts often move in sync and wherever they go, they bring a breeze. Now, if you observe which direction they’re heading and follow suit, you might catch the breeze and ride alongside their expertise to make your journey smoother. This parallels how Smart Money operates in the forex market—following the actions of experienced investors to potentially benefit from their insights and the movements they initiate.

Smart Money concept traders can include investment funds, banks, and large financial institutions. They often have access to advanced trading technologies, complex algorithms, and extensive research capabilities that aid them in identifying lucrative trading opportunities.

One notable characteristic of Smart Money traders is their ability to move the market with significant trading volumes. They may strategically enter and exit positions, causing price movements that individual traders might seek to capitalize on.

Retail traders often attempt to gauge the emotions and positions of these institutional investors through various methods, such as analyzing institutional order flow, monitoring forex news and market announcements, and using technical analysis tools. However, it’s crucial to understand that these strategies can be complex and dynamic, and blindly following their moves may not always lead to success.

How to Trade Smart Money Strategy in Forex?

Trading with Smart Money concept in the forex market involves trying to identify and align your trades with the actions of institutional or informed investors. Here are several steps you can take to execute such a strategy:

Understand Market Structure: Gain a deep understanding of how the forex market operates, including the roles of various participants like banks, investment funds, and central banks. Understand how these entities influence price movements and liquidity.

Analyze Institutional Order Flow: Study institutional order flow to identify large trades or positions taken by Smart Money participants. Sometimes, this information can be accessed through specialized platforms or by observing price action around key support and resistance levels.

Pay Attention to Economic Events: Stay informed about important economic events such as interest rate announcements, unemployment rates, inflation rate, central bank statements, and geopolitical developments that can impact market sentiment and institutional trader actions.

Use Technical Analysis: Combine technical analysis tools like support and resistance levels, trend lines, and candlestick patterns such as double top and bottom or head and shoulders patterns to identify potential entry and exit points aligned with Smart Money concept. Look for areas where significant buying or selling pressure is evident.

Follow Market Sentiment Indicators: Monitor market sentiment indicators like the Commitment of Traders (COT) report, which provides insights into the positioning of large institutional traders in future markets. Contrarian approaches can sometimes be useful when trading against extreme market sentiments.

Trade with Discipline and Order: Stick to your trading plan and risk management rules, even when trading based on a Smart Money strategy. Avoid chasing trades or making impulsive decisions based solely on market rumors or short-term price fluctuations and FOMO.

Continuously Learn: The forex market is dynamic, and trading strategies must evolve over time. Learn from your experiences, stay abreast of market developments, and be willing to adjust your approach as needed. Keeping a trading journal and trading statement can be highly beneficial on this journey.

It’s important to remember that trading with a Smart Money strategy does not guarantee success and comes with inherent risks. Additionally, gaining insights into Smart Money flows can be challenging, and avoiding getting caught up in market movements and over-analysis is essential. Like any trading approach, thorough research, patience, and discipline are crucial for long-term success.

How to Identify Smart Money in the Market?

Identifying Smart Money in the forex market can be challenging as it requires careful observation and analysis of various factors. While it’s not possible to definitively pinpoint every move made by institutional traders, there are several indicators and methods you can use to gain insights into their activities:

Volume Analysis: Monitor trading volume, especially during key forex trading sessions. Smart Money traders often execute large orders that can significantly impact trading volume. Look for increased volume at important support and resistance levels or during significant news events.

Identifying Smart Money in the forex market can be challenging because it requires precise observation and analysis of various factors. While it’s not possible to definitively pinpoint every move made by institutional traders, there are several indicators and methods you can use to gain insights into their activities:

Price Action: Pay attention to price movements and how they react to key levels and market news. Smart Money tends to trade in a way that leaves a footprint in the price trend, such as sudden and significant moves or creating distinct chart patterns.

Order Flow Analysis: Analyze order flow data provided by some forex brokers or trading platforms. Look for large orders executed at specific price levels, indicating the involvement of institutional traders. Additionally, observe how the market reacts to these orders, as Smart Money often influences price movements.

Commitments of Traders (COT) Report: The COT report, published by regulatory authorities like the U.S. Commodity Futures Trading Commission (CFTC), provides insights into the positions of large traders in futures markets, including commercial hedgers. While the forex market itself is not directly covered by the COT report, analyzing related futures contracts (like currency futures) can still provide valuable insights into market sentiment and positioning.

Market Sentiment Indicators: Monitor market sentiment surveys and indicators. Extreme upward or downward levels among traders can sometimes indicate potential Smart Money activity, especially when combined with other technical or fundamental factors.

News and Events: Stay informed about important economic news, central bank announcements, and geopolitical developments. Smart Money traders often have access to advanced research and analysis, allowing them to anticipate market-moving events and position themselves accordingly.

While these methods can provide valuable insights into the activities of institutional traders, it’s important to remember that no single indicator or approach can accurately predict their movements. Participants using Smart Money concept are sophisticated and may employ various strategies to conceal their intentions. Therefore, combining multiple sources of information and exercising caution when interpreting forex signals is crucial.

Good and Bad Points of This Trading Strategy

The smart money strategy, like any trading strategy, has its own advantages and disadvantages. Here’s a review of the good and bad points:

Positive Points

Market Direction Insight: This strategy can provide insights into market direction based on the actions of institutional investors and large traders. Retail traders, by following their lead, may be able to capitalize on major market trends and reversals.

Access to Resources and Information: Smart money concept traders often have access to advanced research, analysis, and trading technology that retail traders may not possess. This can provide valuable information and tools for informed decision-making in trading.

Market Moving Capability: Institutional traders have the capacity to move markets with their significant trading volumes. By aligning with their positions, traders can benefit from the momentum generated by their trades.

Market Liquidity: The smart money strategy can contribute to market liquidity by providing counterparties for individual traders and other market participants. Increased liquidity can lead to tighter spread and better execution for traders.

Negative Points of smart money stategy

Limited Access: Individual traders may have limited access to similar resources and information available to smart money traders. This can constrain them when trying to identify and track institutional trading activities.

Risk of Misinterpretation: Interpreting smart money activity can be challenging and subjective. Traders may misinterpret signals or follow market participants incorrectly, leading to losses or missed opportunities.

Market Manipulation: In some cases, smart money concept traders may engage in market manipulation or deceptive actions to mislead other market participants. Traders should be cautious and aware of the risks associated with blindly following institutional flows.

High Competition: This strategy often involves competing with other institutional traders and sophisticated market participants. Individual traders may find effective competition challenging in this environment, especially without access to similar resources and technology.

Potential for Large Losses: Following the smart money strategy can come with significant risks, especially if the trader’s analysis is incorrect or if the market moves against their position. It’s essential for traders to carefully manage risk and be prepared for potential significant losses.

Is Smart Money Manipulation?

The term “smart money concept” itself does not imply manipulation. Instead, it refers to capital controlled by informed, experienced, and often institutional investors who have significant resources and expertise in analyzing market trends. However, while smart money is not inherently manipulative, there are instances where large market participants may engage in activities that could be perceived as manipulation. Here are ways manipulation might occur in this context:

Price Manipulation: Institutional traders with significant capital may attempt to manipulate prices by creating artificial buying or selling pressure in the market. This could involve executing large trades to influence market sentiment or using trading algorithms for stop hunting and induce price movements in a particular direction.
Dissemination of Misinformation: Smart money traders may disseminate incorrect information or rumors to deceive other market participants and manipulate prices. This could involve releasing misleading news or reports to create a false perception of fundamental market factors or future price movements.
Creation of Artificial Supply or Demand: Smart money traders may place large orders to create artificial supply or demand in the market and quickly cancel them. This can deceive other traders into making decisions based on false signals and lead to price manipulation.

Summary

The smart money strategy serves as a valuable tool in the arsenal of forex traders seeking to navigate market complexities. The goal of this strategy is to ride the wave of experienced market participants by aligning trades with the actions of institutional investors and large traders, capitalizing on prevailing trends and sentiments.

However, it’s crucial to approach the smart money concept with caution and diligence, as misinterpretation or blind adherence to institutional flows can result in significant losses. Like any trading strategy, thorough research, disciplined execution, and continuous learning are essential for success.

Fibo Group Broker Review Open account in the best broker 2023

Fibo Group Broker Review ❤️ 2024 version

نویسنده بروکرلند28 March 2024

What you are about to read:

Fibo Group Broker is an international financial holding company (an online brokerage group in financial markets) and one of the older players in online trading. Fibogroup began its operations in 1998 and has consistently adhered to principles of transparency, protecting users’ interests, and strict compliance with the laws of various countries since its inception.

In this article on BrokerLand, we will conduct a detailed and thorough examination of this Broker to understand why this company has earned a spot on the list of the best Forex brokers.

Open Real Account in Fibogroup

Open Demo Account in Fibogroup

Introducing FIBO Group Broker

FIBO Group Broker was established in the British Virgin Islands (BVI), and it still operates from its central office there. However, FIBO Group presents its financial services through an additional entity located in Cyprus. The FIBO Group enhances secure investment opportunities by obtaining valid European regulatory licenses.

**FIBO Group Broker Analysis**
🗺️ Headquarters	British Virgin Islands (BVI)
⚖️ Regulation	FSC, CySEC
💰Minimum Capital	100 EUR
💰 Maximum Leverage	1:1000
📊 Trading Platforms	MetaTrader 4, MT5, cTrader, FiboGroup Mobile Apps
🎮 Demo Account	Available
🛍️ Trading Instruments	60 forex pairs and cryptocurrencies, CFDs

Furthermore, FIBO Group Broker offers high-quality global support. This support is accessible through offices in Vienna, Limassol, Shanghai, Singapore, Munich, Kyiv, and Almaty.

Awards

Overall, FIBO Group Broker Holding has earned multiple awards for their years of operation. These awards have been granted in recognition of their excellent customer service and effective achievements. These accolades, along with thousands of satisfied customers worldwide, have made FIBO Group a reputable brokerage.

Is FIBO Group safe?

The world of trading and every type of investment is not immune to various scams and fraudulent schemes. From Ponzi schemes, pump and dump schemes in cryptocurrencies, to unscrupulous companies for Prop trading, to fraudulent brokers, all are things one must be vigilant about.

FONTEN CORPORATION LIMITED, also known as FIBO Group, is a reputable and active financial services company. This company is regulated and monitored by the Financial Services Commission in the British Virgin Islands. In fact, the regulatory requirements and standards in the British Virgin Islands are relatively lower and minimal compared to other countries.

As mentioned, FIBO Group Broker has an additional entity established in the Republic of Cyprus. This entity has received authorization from the Cyprus Securities and Exchange Commission (CySEC) to provide services to residents of the European Union and other countries worldwide. The European regulations overseeing FIBO Group Broker run parallel to the offshore registration of this brokerage group, making it a secure choice for investments. For instance, the well-known broker TriumphFX is also a completely safe broker operating under the supervision of CySEC in Cyprus.

FIBO Group Broker offers secure investment and trading services along with professional indemnity insurance. Additionally, they are a member of the Investors’ Compensation Fund (ICF). Customers and partners can rest assured that all FIBO Group services adhere to the highest international standards and are under the control of Cyprus regulators.

Trading Instruments of FIBO Group Broker

The range of trading products offered by FIBO Group Broker includes services to clients or financial managers, as well as investment programs through the PAMM accounts. Forex trading is conducted through FIBO Group with 60 currency pairs, including cryptocurrencies. These trades come with high leverage ratios, low spreads, and are executed using NDD and CFD models without swaps, along with a 0% commission and reasonable fixed spreads.

Leverage at FIBO Group

You can use leverage or margin offered by the FIBO Group to increase the volume of your trades. Leverage trading provides extensive capabilities and the potential for higher profits, but it’s essential to use these tools wisely and not expose yourself to very high risks. Furthermore, the levels of leverage are also determined by regulatory restrictions.

When trading with the European entity of FIBO, you automatically fall under the secure ESMA regulations. The maximum leverage under ESMA regulations is 1:30 for major currency pairs and 1:10 for commodities. However, FIBO’s global group offers access to the highest possible leverage of up to 1:1000, which is an exceptionally high level and should be used with great caution.

Types of FIBO Group Trading Accounts

FIBO Group Broker offers various types of trading accounts to cater to different trading styles and customer needs. The following types of trading accounts are available with this broker:

MT4 NDD Account (No Dealing Desk): This type of account operates with the MetaTrader 4 (MT4) trading platform and provides access to the interbank market without any intervention from the dealing desk. This account offers limited spreads, fast execution, and the ability to implement different trading strategies.
MT5 NDD Account: Similar to the MT4 NDD account, this type of account uses the MetaTrader 5 (MT5) platform. It offers more advanced trading features compared to MT4 and provides access to a wider range of financial instruments.
cTrader NDD Account: The next account offered by FIBO Group Broker utilizes the cTrader platform, known for its advanced trading capabilities and user-friendly interface. It offers Direct Market Access (DMA) and access to a diverse range of trading instruments.
VIP Account: FIBO Group also offers a VIP account for individuals with high net worth or professional traders. The features and requirements may vary, but typically, VIP accounts provide personalized services, lower trading costs, dedicated customer support, and other exclusive benefits.

Open Real Account in Fibogroup

Open Demo Account in Fibogroup

It’s important to note that brokerage firms may introduce new account types or make changes to existing accounts over time. For the most up-to-date and accurate information regarding FIBO Group’s account offerings, it is recommended to visit their official website or contact customer support directly.

FiboGroup Features	MT4 Fixed	MT4 NDD	cTrader NDD	MT5 NDD
FiboGroup Features	MT4 Fixed	MT4 NDD	cTrader NDD	MT5 NDD
Trading platform	MetaTrader 4	MetaTrader 4	cTrader	MetaTrader 5
Order execution technology	Market Maker	No Dealing Desk	No Dealing Desk	No Dealing Desk
Order execution technology	Market Maker	No Dealing Desk	No Dealing Desk	No Dealing Desk
Minimum deposit	$50	$50	$50	$50
Fifth decimal point	no	yes	yes	yes
Spread from, pips	0,01/0,01	0,01/0,01	0,01/0,01	0,01/0,01
Spread from, pips	1	0,8	0	0
Commission	no	no	0.003% from the amount of a transaction	0.005% from the amount of a transaction
Leverage	200	400	400	400(for metal – 100)
Leverage	200	400	400	400(for metal – 100)
Stop Out level	20%	50%	20%	50%
Account currency	EUR, USD, RUR, CHF, GBP	EUR, USD, GLD, BTC, ETH	USD, EUR	USD
CFD trading	yes	no	no	no
Currency pairs available	43	32	33	32
Maximum open orders	no	no	no	no
Maximum order volume	no	no	no	no
PAMM Acount	yes	yes	no	no

In fact, FIBO Group has designed two main types of accounts. Therefore, you can choose between the MT4 NDD account or the MT5 NDD account without commissions. The first account starts with competitive variable spreads, beginning from 0 pips. However, you will have to pay a commission for each trade, making it an excellent choice for various trading strategies.

The second FIBO Group account is also commission-free and offers fixed spreads starting from 0.8 pips. This account is highly suitable for beginner traders and is excellent for strategies that require precise spread calculation tailored to market conditions. Additionally, Islamic or swap-free accounts are available for individuals who adhere to Sharia law. These accounts stand out from the others by not incurring overnight fees and offering high leverage options.

FIBO Group Fees and Costs

FIBO Group’s spread options will vary depending on the two types of accounts they offer. This means there’s an option for trading with a fixed spread and no commission, or with a variable spread and a simultaneous 0.003% commission. This choice essentially provides an outstanding option, allowing you to select the best option based on your trading strategy and see what works best for you.

However, you should always consider a rollover fee as part of the transaction costs. This fee is charged for positions held for more than a day. For instance, the rollover for the EUR/USD currency pair is around 1.38% for long positions and 0.68% for short positions.

Deposit and Withdrawal Methods

FIBO Group Broker also offers flexible deposit and withdrawal options, ensuring secure and reliable fund transactions. These payment methods include bank transfers and card payments.

Additionally, online payment systems via Bitcoin or blockchain, Neteller, Skrill, Qiwi, CashU, FasaPay, DixiPay, PayDo, and others are available. However, inquire with FIBO broker support services to determine which payment method is more suitable based on the institution you’re dealing with and your place of residence.

Minimum Deposit at FIBO Group

The minimum deposit requirement to open an account with FIBO is $100, allowing you to access a commission-free NDD account and start trading. However, opening an NDD account with commissions initially requires $300.

Withdrawals from the Account

FIBO Broker’s withdrawal options include bank transfers and popular e-wallets like Skrill. However, it’s important to note that depending on the terms and payment method used, some fees may apply. Generally, there’s no withdrawal fee, but fees for some gateways may range between $35 to $50 per transfer.

Trading Platforms at FIBO Group Broker

FIBO Group offers multiple trading platforms to cater to different traders’ preferences and needs. While available platforms may evolve over time, as of my last update in September 2021, FIBOGroup offers the following trading platforms:

MetaTrader 4 (MT4): MT4 is a widely used and popular trading platform known for its user-friendly interface and extensive functionality. It provides a wide range of tools for technical analysis and automated trading through Expert Advisors (EAs).

MetaTrader 5 (MT5): MT5 is the successor to MT4 and offers more advanced features compared to its predecessor. It provides advanced charting tools, improved programming language, additional order types, and access to a wider range of financial instruments. MT5 is available for desktop, web, and mobile devices.

cTrader: cTrader is another supported platform at FIBO, a powerful trading platform designed for trading via ECN (Electronic Communication Network). It offers direct market access (DMA), transparent pricing, market depth information (DOM), and advanced order execution. cTrader is available for desktop, web, and mobile devices.

FIBO Group Mobile Apps: FIBO Group also offers mobile trading apps compatible with iOS and Android devices. These apps are designed to provide convenience and flexibility for traders who prefer accessing the market via their smartphones or tablets.

Since platform choice is a priority, FIBO Group customers can enjoy one of the most popular and powerful platforms in the industry, MetaTrader 4 (MT4). This platform is also available via the web-based MT4 version, which is a user-friendly tool compatible with any operating system. Additionally, the platform’s application is available for Windows, iOS, and Android devices.

Various types of trading orders with instant execution along with comprehensive technical indicators are available on MT4. MT4 also facilitates automated trading opportunities without limitations through Expert Advisors (EAs). You can easily choose from various EAs or even create your own EA using the MQL4 editor.

Social Trading or Copy Trading

Automated trading (AutoTrade) with a social trading platform like Myfxbook is also available as a reliable method for copying successful traders’ trading strategies. This platform is an excellent feature for both beginner traders and professionals who wish to gain followers. Other features provided by FIBO Group ‌Broker are designed for account managers or professionals. This tool can provide a strong investment opportunity with powerful, extensive, feature-rich, and highly responsible trading tools.

Summary of FIBO Group Review

An overview of FIBO Group broker indicates that the company’s services are provided across all major markets in Europe, Asia, the Middle East, North Africa, and CIS countries. This is while offering a wide range of trading services and tools for selection. FIBO Group, with its global coverage, uses various technologies and solutions, making it suitable for almost any trading need.

Features such as seamless and intervention-free trade execution, choice between trading strategies, fixed or variable spreads, high leverage usage, competitive trading conditions, and even copy trading capabilities are provided by FIBO Group.

Advantages:

Regulated by FSC and CySec, ensuring credibility.
23 years of operating experience.
Easy deposit and withdrawal in local currency.
Offers fixed spread option.
Provides Cent accounts.
Offers the cTrader trading platform.

Disadvantages:

Lack of 24-hour Persian customer support.
Bonuses offered are not very appealing.

FAQ

Is FIBO Group Broker regulated and reputable?

Yes, FIBO Broker is regulated and licensed by the Cyprus Securities and Exchange Commission (CySEC) and also the Financial Services Commission in the British Virgin Islands (FSC BVI).

Is FIBO Broker safe?

FIBO Broker utilizes reputable and well-known trading platforms (MetaTrader and cTrader) that protect data exchange using SSL encryption. One-time password (OTP) is also used in the user panel.

Does FiboGroup offer a no-deposit bonus?

Currently, FiboGroup offers a 100% bonus on deposits of at least $100. You can always check the website or subscribe to the newsletter to stay informed about any new offers.

Which instruments are tradable in FIBO Group?

In FIBO Group broker, you can trade 70 different symbols including currency pairs, major world indices, as well as commodities like crude oil as CFDs. It’s worth mentioning that similar to some other brokers, there is the possibility to trade many cryptocurrencies in this broker.

Orbex Broker Review 2023 ❤️ Safe or Scam?

Orbex Broker Review 2024 ❤️ Safe or Scam?

نویسنده بروکرلند28 March 2024

Orbex Broker is a Forex and CFD broker that has been operating since 2011. It is headquartered in Cyprus with multiple international offices. Since its inception, Orbex has become one of the top Forex brokers, offering competitive trading conditions, advanced technological infrastructure, a full range of services, and multiple asset classes for traders. In this Brokerland review, you will get a comprehensive understanding of this broker.

Introduction, Pros & Cons of Orbex Broker

Orbex is a reputable CFD broker that provides excellent trading conditions with sophisticated instruments. It offers an excellent selection of the leading MT4 trading platform with quick online account opening and free demo accounts, among other advantages. The broker provides relatively low spreads with no commissions for deposit/withdrawal processes.

Headquarters	Cyprus
Regulation	MFSC
Trading Platform	MT4
Instruments	Futures, Metals, Commodities, Stocks, Shares, Oil, Bitcoin, CFDs, Stocks, Energy Commodities, Indices, Forex
Demo Account	Available
Minimum Deposit	100 $
EUR/USD Spread	From 0.0 pips
Base Currency	Dollar, Euro
Sources to Learn forex	Free education with webinars, Orbex TV, and videos
Customer Suppors	24/5

There are numerous advantages to this broker, which you will become familiar with in the following. Additionally, we have listed some of them in the table below. As for potential drawbacks, one thing that might catch your attention is that customer support is only available on business days.

Pros	Cons
Regulated broker	24/7 customer support is not available
Excellent trading tools and free forex education
Awards
Social trading options
MT4 trading platform
Fast account opening and free demo accounts
Commission-free deposit and withdrawal options

Awards

Orbex has been participating in various exhibitions and has received multiple international awards along with significant customer recognition. The broker consistently receives good reviews from its loyal customers. Its reputable status in the industry is confirmed. Some of its notable awards include:

FX MENA 2022 Best Educational Broker Award
2022 Best FX Research and Education Provider Award
2021 Best Trade Execution Winner
Please note that the availability of services and trading conditions may change over time and vary depending on the broker and region. For more information, please refer to Orbex’s official website.

Is Orbex Safe or Scam?

No, Orbex Broker is not a scam; it is a reputable and trusted broker with a good reputation. It used to operate under the regulations of CySEC and ESMA, and currently, it is active with an FSC license. Orbex holds this license.

The Financial Services Commission of Mauritius (FSC) is considered an offshore regulatory authority. It allows individuals from Iran to open accounts with this broker.

Pros:

Headquartered in Cyprus
Global coverage and offshore regulation
Representative offices in Kuwait and Jordan
Good performance and years of operation
Regulated broker

Cons:

None

Leverage at Orbex Broker

Leverage is the ability to borrow funds that can potentially increase the size of your trades and, in turn, your potential profits. It’s always defined within regulatory limits in each jurisdiction. Broker Orbex, through its MFSC regulation, provides favorable conditions for high leverage trading to all its customers.

Orbex offers traders the opportunity to trade with leverage of up to 1:500, allowing for larger positions with relatively low capital. After meeting specific criteria, professional individuals may access even higher leverage levels. We recommend that you always learn how to use leverage wisely, as this tool can also amplify risks significantly.

Types of Orbex Trading Accounts

Orbex Broker offers four types of accounts, from fixed and variable spread accounts to raw spread accounts starting from 0 pips with trading commissions included, where the commission is as low as $5 per lot.

Additionally, Orbex offers a special account for copy trading through its automated copy trading system, FXStat Tradebook. This type of social trading is quite popular, enabling simple investment opportunities by following professional strategies with a commission of only $10. Furthermore, it is available for Islamic traders, offering them the option to join through a swap-free account feature, allowing them to trade without rollover commissions.

Pros	Cons
Quick Online Account Opening.	None
Low Transaction Fees.
Demo Account Provided.
Choice of Fixed or Variable Spreads and Raw Spread Accounts.
Swap-Free Accounts (for Islamic traders).

Starter Trading Account:

Commission: $0 on Forex trades with variable spreads (average EUR/USD spread of 1.5 pips).
Flexible trade size starting from 0.01 lots.
Leverage up to 1:500.
Minimum required deposit: $100.
Access to exclusive education and tools.

Premium Trading Account:

Raw Forex spreads starting from 0.0 pips with an $8 commission per lot.
Flexible trade size starting from 0.01 lots.
Leverage up to 1:500.
Minimum required deposit: $500.
Provides access to certain educational materials and unique tools.

Ultimate Trading Account:

Raw Forex spreads starting from 0.0 pips with a $5 commission per lot.
Flexible trade size starting from 0.01 lots.
Leverage up to 1:500.
Minimum required deposit: $25,000.
Offers access to advanced tools and educational materials.

Variable	Starter	Premium	Ultimate
Minimum Investment	$100	$500	$25000
Spread	Variable	From 0.0 pips	From 0.0 pips
Commission	$0	$8	$5
Leverage	Up to 1:500	Up to 1:500	Up tp 1:500
Minimum size	0.01 lots	0.01 lots	0.01 lots
Stop-Out	20%	20%	20%
Margin Call	100%	100%	100%
Execution Type	NDD	NDD	NDD
Sculping	✅	✅	✅
Forex Expert	✅	✅	✅
Trading Central	✅	✅	✅
VPS	✅	✅	✅
Webinars	Monthly	Exclusive	Exclusive
Training Sessions	❌	1 x (1 on1)	3 x (1 on1)
Education	Basic	Advance	Advance

Does Orbex offer a demo account?

Yes, Orbex provides a demo account that allows traders to access comprehensive educational resources and engage in 100% free online trading. This broker offers up to $5,000,000 in virtual funds for practicing trading skills on the MT4 platform.

Trading Instruments

Orbex Broker offers online CFD trading with over 300 pairs of forex currencies, stocks, indices, commodities, energies, metals, futures, and

, providing deep liquidity from tier 1 banks through secure and fast execution. You can also trade precious metals and energies through NDD connectivity.

Orbex Broker Fees

The fees with Orbex are determined based on the type of account you use, with the Starter account primarily based on spreads, while the other two accounts are mostly commission-based. Commissions also vary based on the account type and the asset class you choose to trade.

Deposit Fees	No
Withdrawal Fees	No
Inactivity Fees	Yes
Fees Ranking	Low

Commissions

See the commissions for each asset below for both Premium and Ultimate accounts:

Forex: $0 commission for variable spreads, $8 per lot commission for raw spreads starting from 0.0 pips with the Premium account, and $5 per lot commission for raw spreads starting from 0.0 pips with the Ultimate account.
Commodities: $0
CryptoCurrencies: 0.5%
Stocks, Indices, Futures: 0.16% standard commission.

Spreads at Orbex

The spreads at Orbex Broker are determined based on the type of account you have. While fixed spreads in the Classic account start a bit higher, at 1.9 pips, the Standard account offers spreads starting at 1.5 pips. Additionally, you can access a discounted commission of $5 once the trading volume and account increase. This broker provides low spreads for the Standard account across virtually all asset classes. Spreads may be wider for other account types, but they allow access to various trading strategies.

Here are the spreads for some forex pairs and commodities:

EUR/USD Spread	0.8 pips
Crude Oil (WTI) Spread	4 pips
Gold Spread	2.5 pips

You can view spreads for some forex pairs in the chart below for various account types.

Overnight Rollover

For overnight rollover costs, which are considered as trading fees, please refer to the chart below.

Deposit and Withdrawal Methods

Another important factor to consider when choosing a forex broker is how you can transfer funds to and from your trading account. Regulated brokers typically follow the best practices in this regard. Here, we’ll look at the various deposit and withdrawal methods available with this broker.

Orbex Broker offers one of the fastest transaction processing times with a variety of payment methods, including:

1. Neteller
2. Credit/Debit Cards
3. Skrill
4. WebMoney
5. Fasapay
6. Bank Transfer

Minimum Deposit at Orbex Broker

The minimum deposit with Orbex depends on the type of account you choose for trading. For a Starter account, it’s $100, for Premium, it’s $500, and for Ultimate, it’s $25,000. Keep in mind that terms and strategies may vary depending on the type of account.

How to Withdraw from Orbex Broker?

Withdrawals are processed via the account management area. Since there are no usual withdrawal fees from this broker, make sure to check with your payment provider if there are any internal fees from their end.

Trading Platforms

This broker offers the popular MT4 trading platform, which is known for its advanced charting features, multilingual support, security, and reliability. It supports various trading styles and is widely recognized and used in the forex industry. Orbex is committed to this technology and software due to its reputation.

Web-Based Platform

Orbex provides an award-winning and user-friendly platform built on MT4. It offers desktop, mobile, web, and iOS versions of the platform. The web-based platform is an excellent choice for traders with average trading volumes, as it provides easy access from any device. However, it offers limited access to research tools, customization, and comprehensive drawing tools.

Desktop Platform

If you’re committed to professional trading, the desktop platform is likely your choice. It includes all the features that make MT4 famous and widely used: excellent charts, various order types, advanced analytical tools, and robotic systems available for automated forex trading using artificial intelligence. Additionally, Orbex Strategies bring powerful algorithmic trading systems that don’t require programming skills. You can also request a free VPS service that offers hosting advantages for running EAs 24/5 with faster execution speeds.

Mobile Platform at Orbex

This broker offers a mobile app for both Android and iOS devices. This mobile app allows you to stay updated on market conditions and manage your account and positions directly from your compatible mobile devices.

Customer Support

Orbex makes an effort to support its customers in their trading success by providing 24/5 customer support during business days. They offer multilingual support through email, live chat, and international phone lines. The customer support is responsive, and you can find answers to common questions in their frequently asked questions (FAQ) section.

Pros	Cons
Quality customer support with live chat and quick responses.	24/7 customer support is not available.
quick responses
Multilingual support.

Forex Education

Another excellent aspect of this broker is its rich educational section, available for all users free of charge. Orbex customers have access to resources such as live webinars, e-books, and online courses designed to help them make more informed decisions.

They also offer analytical support and provide research materials for free. This includes economic calendars, calculators, and weekly reports.

Summary of Orbex Review

In summary, Orbex is a regulated broker that caters to traders of all levels, from beginners to professionals. They offer a variety of account types, extensive platform features, and a range of free tools to enhance the trading environment. Whether you prefer fixed or floating spreads, OTC or ECN connections, or specific trading strategies, it has options for you. Even beginners can benefit from their free educational tools and that makes it one of the best forex brokers for beginners.

Orbex is suitable for:

1. Beginner traders.
2. Professional traders.
3. Algorithmic traders or API users.
4. Those running Expert Advisors (EAs).
5. Traders interested in copy trading.
6. Scalpers.
7. Traders who prefer the MT4 platform.
8. Forex and CFD traders.
9. Various trading strategies.
10. Traders interested in high leverage.

Windsor Brokers Review ❤️ Accounts, Platforms and Fees

نویسنده بروکرلند28 March 2024

What you are about to read:

Windsor Brokers was established in 1988 and is one of the longest-standing brokers in the world of forex. It provides a highly secure trading environment for traders and offers financial services to customers in over 80 countries worldwide, including Thailand, Indonesia, Malaysia, South Africa, Dubai, and Kenya. With regulations in place, the ability to open an account with a minimum capital of $100, numerous awards, and many advantages and features, Windsor Broker is among the best forex brokers for beginners and experienced traders. BrokerLand website will review all the key features you need to know about this broker.

ّIntroducing Windsor Brokers

Windsor Brokers, founded in 1988, is one of the oldest online brokers in the forex industry. It offers online CFD trading to customers in over 80 countries worldwide through two units. One is based in Cyprus and regulated by the Cyprus Securities and Exchange Commission (CySEC), serving customers in Europe. Other parts of the world can access services through its unit in Belize and its sister office in Jordan. Both are regulated by the International Financial Services Commission of Belize and the Jordan Securities Commission.

The MetaTrader 4 trading platform is provided by Windsor Broker, allowing customers to access a wide range of financial assets for trading. It’s worth noting that this broker does not currently support MetaTrader 5, but this is not a significant limitation for traders, as various forex order types can be placed within the MT4 version. Additionally, this broker offers its own mobile app for both Android and iOS operating systems, which traders can download from their website.

When it comes to account options, Windsor Brokers simplifies the choice by offering two types of accounts: one for beginners and another for more experienced traders who can also upgrade to VIP status. There’s a trading account for MetaTrader 4 and a VIP ZERO account.

Headquarter	Belize
Regulation	CySEC، FSC، JSC، FSA، CMA
Trading Instruments	Forex، CFD، Metals, Futures, Cryptocurrency,…
Trading Platform	MT4
EUR/USD Spread	From 0.2 pips
Demo Account	Available
Base currency	AUD، USD، GBP، EUR
Minimum Deposit	50 Dollar
Learn Forex Trading	Available
Customer Support	24/5

Regulation and Security

Windsor Brokers is not a scam and offers its services through two main units to ensure global coverage while providing a slightly different product in compliance with legal requirements in each jurisdiction. This broker is supported by a wide range of high-level licenses and offers a compensation plan in case of fund loss. It’s important to note that conditions may vary from one jurisdiction to another.

Windsor Broker is regulated by the Financial Services Commission (“FSC”) of Belize, which is an offshore region. Additionally, Windsor Brokers Ltd is regulated by the Cyprus Securities and Exchange Commission (CySEC) and holds an EEA license, complying with MiFID regulations to offer trading solutions in Europe. Moreover, it is registered in Jordan to provide legal trading services, opening opportunities for those traders with Islamic swap-free accounts.

Windsor Broker Licenses:

Windsor-Brokers (BZ) Ltd – Licensed by FSC (Belize)
Windsor-Brokers Ltd – Regulated by CySEC (Cyprus) Registration No. 030/04
Seldon Investments Limited – Licensed by JSC (Jordan) Registration No. 18/01855/1/3
Windsor-Brokers International Ltd – Licensed by FSA (Seychelles) Registration No. SD072
Windsor Markets Limited – Licensed by CMA (Kenya) Registration No. 209/4201

Windsor Broker Awards:

The awards received by Windsor Brokers over the years reflect the good conditions this broker has provided in the past. They have made significant progress, shifting from primarily operating in Europe to becoming a truly global broker with wide regional coverage. Some of the awards received by this broker include:

Awards in 2022:

– Best Forex Brokerage Program Jordan Forex Expo & Jordan Money Expo 2022
– Best Multi-Asset Forex Brokerage 2022 at the Dubai Forex Expo 2022

Awards in 2021:

– Most Trusted Forex Broker of the Year 2021 at JFEX – Jordan

Awards in 2018:

– Best Multi-Trading Platform by Global Brands Magazine
– Best Company in Charity and Corporate Social Responsibility by International Finance Magazine
– Best Customer Support in the Forex Industry by International Business Magazine
– Best Forex Broker by IFF – Malaysia
– Most Transparent Forex Broker in Jordan
– Best Forex Research Team by Cyprus

Awards in 2017:

– Best Broker of the Year at Jordan Forex Expo & Awards
– Most Trusted Forex Broker at Jordan Forex Expo & Awards
– Most Trusted Forex Broker at UK Forex Awards

Awards in 2015:

– Most Trusted Forex Broker at Saudi Money Expo
– Sound Industrial Relation by OEB – Cyprus

Awards in 2014:

– Best Forex Technology at Saudi Money Expo
– Excellence in Business Award by CIBA – Cyprus
– International Investment Award by CIPA – Cyprus
– Best Trading Software Award at Saudi Money Expo
– Best Forex Market Presenter at China International Expo

Awards in 2013:

– Best New Trading Platform at MENA 12th Forex Show
– Most Innovative Platform at 5th Saudi Money Expo
– Best Affiliate Support at 4th Saudi Money Expo

Awards in 2012:

– Best Trading Platform at Saudi Money Exhibition
– Best Forex Broker at Middle East Forex Expo

Awards in 2011:

– Best Forex Broker at Middle East Forex Expo

Awards in 2010:

– Best Forex Broker at Middle East Forex Expo

Leverage and Margin at Windsor Brokers

When trading with Windsor Broker, you have the option to use powerful leverage, which can potentially increase your profits. However, it’s crucial to learn how to use leverage correctly to manage stop-outs, as this tool can also increase your potential losses.

Windsor Brokers offers both high levels of leverage, such as 1:200, 1:400, or 1:500, for professional traders dealing with the global entity of Windsor.
Alternatively, for residents of Europe, a lower level of up to 1:30 is available. This is because CySEC, in conjunction with ESMA, restricts the use of high leverage.

The table below shows the leverage levels and required margins at Windsor Broker.

Trading Volume (Lots)	Maximum Leverage	Required Margin
0-10	1:1000	0.10%
10.01-100	1:500	0.20%
100.01-150	1:200	0.50%
150.01-250	1:100	1%
250.01-350	1:50	2%
350.01+	1:25	3.33%

Types of Windsor Broker’s Trading Accounts

There are two types of trading accounts available at Windsor Broker, categorized based on the platforms you use and the size of your trades. The positive aspect is that these accounts come with protection against negative balances, multi-lingual customer support, and other educational advantages in forex trading. This makes it easier for traders to engage in forex trading with confidence during their preferred forex trading sessions.

MetaTrader4 Zero Account:

Minimum Deposit: $1000
Spread on Major Symbols: From 0 pips
Maximum Leverage: 1:1000
Commission per Trade: $8
Minimum Trade Size: 0.01 lots
Maximum Limit per Order (Forex): 50 lots
Hedging and Risk Hedging Available
No Swap-Free Accounts
Protection against Negative Balance
Personal Account Manager
No Demo Account Available
Stop Out at 20% Margin Call at 100%

MetaTrader4 Prime Account:

Minimum Deposit: $50
Spread on Major Symbols: From 1.0 pip
Maximum Leverage: 1:1000
No Commission
Minimum Trade Size: 0.01 lots
Maximum Limit per Order (Forex): 50 lots
Hedging and Risk Hedging Available
Islamic/Swap-Free Accounts Available
Protection against Negative Balance
Personal Account Manager
Practice and Education Available
Stop Out at 20% Margin Call at 100%

Zero VIP Account:

Suitable for professional traders
Features include a personal account manager, one-on-one training sessions with Windsor Broker’s senior analyst, and lower trading commissions.

Windsor Brokers offers a wide range of trading assets, including Forex, stocks, and cryptocurrencies, allowing traders to add these assets to their portfolios and potentially profit from them. You can also connect your account to the MQL website, as is common with other brokers.

Trading Instruments at Windsor Broker

There is a wide range of assets available for trading at Windsor Broker. These assets include Forex, stocks, and cryptocurrencies. If you wish, you can add these assets to your trades and potentially profit from them. It’s worth noting that trading cryptocurrencies like Bitcoin can be a profitable avenue, especially since personal bitcoin mining has become increasingly challenging and constrained. Below, you can view the trading instruments offered at Windsor Brokers.

Fees

The fees at Windsor Broker vary depending on the type of account you use and are either in the form of spreads or embedded commissions. You can see the cost table below. Deposits and withdrawals with Windsor Brokers are free and incur no charges.

Type of Fee	Windsor Broker Fee
Deposit Commission	No
Withdrawal Fee	NO

Spreads at Windsor Broker

Spreads at Windsor Brokers are, like with any other broker, offered based on the type of account you are trading with. For example, you can see spreads for major trading pairs like EUR/USD, crude oil, and gold in the table below for different account types.

Account Type	Trading Instrument	Trade Size	Minimum Spread (Pips)	Typical Spread (Pips)
MetaTrader4 Zero	EURUSD	100,000 EUR	0	0.2
MetaTrader4 Zero	Gold	100 oz	0.08	0.13
MetaTrader4 Zero	Crude Oil	1000 barrels	0.03	0.03
MetaTrader4 Prime	EURUSD	100,000 EUR	1	1.5
MetaTrader4 Prime	Gold	100 oz	0.24	0.28
MetaTrader4 Prime	Crude Oil	1000 barrels	0.03	0.03

Trading Platforms at Windsor Brokers

As mentioned earlier in this review, Windsor Broker offers the MetaTrader 4 trading platform. It has been used by forex traders for almost two decades and remains a favorite among traders. The ability to install the best forex indicators, use Expert Advisors, and the user-friendly interface have kept this platform popular. Additionally, MT4 is suitable for trading CFDs.

Windsor Brokers also provides its own applications for Android and iOS. You can download these apps from the broker’s website.

Deposit and Withdrawal Methods

Windsor Broker offers a complete range of deposit and withdrawal methods, like most other brokers. You can choose one of the following methods based on your preference:

Deposit:

VISA card: USD – Same Day Processing – Max. amount: 25000 – Fees: 0%

Master card: – USD – Same Day Processing – Max. amount: 25000 – Fees: 0%

Wire Transfer: – USD, EUR, KWD – Process time: Varies – Max. amount: NA – Fees: Vary

Withdrawal

VISA card: USD EUR GBP – Same Day Processing – Max. amount: None – Fees: $3,€3,£3/transaction

Master card: USD, EUR, GBP – Same Day Processing – Max. amount: None – Fees: $3,€3,£3/transaction

Wire Transfer: USD, EUR, KWD – Process time: Varies – Max. amount: NA – Fees: Varies

For withdrawals from your account at Windsor Broker, you can use the same methods available for deposits. Withdrawals are easily processed through your user menu and the withdrawal section.

Windsor Broker’s Customer Support

Customer support at Windsor Brokers is available from Monday to Friday. You can contact their support team via email, web form, phone, or live chat. They offer support in multiple languages.

Summary

Windsor Broker is one of the oldest brokerage companies and has been a top choice for traders in many countries due to its advantages and high security. This broker offers not only the popular MT4 platform but also its own applications for Android and iOS. Customer support at this broker is of a high standard. Having MetaTrader 4 as a trading platform is excellent, and the fees, spreads, commissions, deposit and withdrawal conditions are fair and reasonable.

Pros:

Windsor Brokers is a regulated and secure broker with several licenses.
It offers various account types suitable for both professional and novice traders.
The option to use Expert Advisors.
Trading in forex, cryptocurrencies, and CFDs.
Suitable for various trading strategies, including scalping and swing trading.
A wide range of tradable symbols.
Competitive trading conditions.
Multiple industry awards.
Convenient and diverse deposit and withdrawal methods.

Cons:

The only potential downside is the lack of support for MetaTrader 5.

LiteForex LiteFinance Broker Review All Features 2023

LiteForex Broker Review ❤️ Litefinance 2024

نویسنده بروکرلند28 March 2024

On this page of BrokerLand website, we take a closer look at LiteForex broker and provide a comprehensive review. LiteForex, established over 17 years ago, has consistently been a secure and reliable choice for both novice and experienced traders worldwide.

Open Real Account in Litefinance

Open Demo Account in LiteFinance

Introducing LiteForex (LiteFinance) Broker

LiteForex broker was founded in 2005 and has since opened its offices in various countries, including Bulgaria, India, Indonesia, Malaysia, Pakistan, Russia, Thailand, and Poland. These offices serve as primary centers for LiteForex to offer financial services in the forex market across different regions. Presently, the company is recognized as one of the top forex brokers.

**LiteForex Broker Overview**
🗺️ Headquarters	Cyprus
⚖️ Regulation	CySEC, MIBS
💰 Minimum Deposit	$1
💰 Maximum Leverage	1:1000
📊 Trading Platforms	MetaTrader 4, MetaTrader 5
🎮 Demo Account	Available
🛍️ Trading Instruments	Forex, Precious Metals, Cryptocurrencies, Oil, Global Stocks, and more…

LiteForex is regulated by CySEC (Cyprus Securities and Exchange Commission) under license number 093/08. The brand was established in 2005 as a trading name for Lite Finance and was officially registered in the Marshall Islands in September 2013.

It’s worth noting that LiteFinance Broker was the first broker to introduce cent accounts with a minimum deposit of just $1, making it possible for traders with limited capital to connect to the international financial markets directly and place orders.

Over the past 17 years, LiteForex Broker has excelled in adapting to market conditions and consistently improving the quality and breadth of its services.It has always been a leading broker in offering trading bonuses and has kept traders satisfied with its range of tradable assets. For instance, it fully introduced cryptocurrencies for trading on its MetaTrader platform, positioning itself as a premier broker. This commitment to excellence has consistently earned LiteFinance a place among the top 100 brokers worldwide in World Finance Magazine.

Types of Accounts at LiteForex Broker

Apart from the Forex demo account that all brokerage firms offer for testing their trading conditions and servers, this broker provides three types of accounts: Cent accounts, Classic accounts, and Professional ECN accounts with floating spreads. To successfully pursue a trading career, it’s necessary to decide on your account type. In all three types of accounts, you can choose leverage up to 1:1000, depending on your trading strategy. Now, let’s see how these accounts differ from each other:

Cent Account

These accounts have floating spreads, but the spreads on Classic accounts are slightly higher because market makers have to convert your trade amount to dollars and then enter it into the cash flow, which slightly increases your trading costs.

Classic Account

Classic accounts at LiteForex are among the most popular accounts because you can activate this account with a deposit of $50.
You can use various indicators and expert advisors, and make use of tools like stop trailing and one-click trading.
Additionally, you can also use copy trading, which we will explain in more detail later in this article.

Professional ECN Account

The Professional account at LiteFinance is ultimately designed for professional traders who are looking for low spreads starting from 0 pips, which are floating.
These traders want to connect directly and without intermediaries to the international Forex market.
With LiteForex, you can activate this professional account with a minimum deposit of $50.

In summary, LiteFinance broker offers different types of accounts to cater to traders with varying levels of experience and risk preferences, from novices to professionals. The choice of account type depends on your trading strategy, experience, and personal preferences.

	ECN	CLASSIC	CENT¹
Spread	Floating, starting from 0.0 pips.	Floating, starting from 1.8 pips.	Floating, starting from 3 pips.
Commission	Starting from $0.25 per lot.	No	No
Execution	instant	instant	instant
Trading Platform	MT4/MT5	MT4/MT5	MT4/MT5
Leverage	1:1000 – 1:1	1:1000 – 1:1	1:200 – 1:1
Urrency	USD, EUR	USD, EUR	Cents Dollar, Cents Euro
Minimum Deposit	$50	$50	$10
Annual Interest Rate	2.5%	0%	0%
Swap-Free Accounts	Available	Available	Available
Social Trading	Available	Available	Available
Lot size، $	100000	100000	1000
Minimum Step	0.01	0.01	0.01
Minimum Volume	0.01	0.01	0.01
Maximum Volume	100	100	100
Maximum Number of Orders	500	300	300
Margin Call Leve	100	100	100
Stop Out Level	20	20	50

Fees

In ECN accounts, you can trade the EUR/USD currency pair with a minimum floating spread of 0.0 pips and a commission of $10 per lot. The commission amount can vary up to $30 per lot, depending on the currency pair you are trading. However, this is still very competitive compared to most other forex brokers. For CFDs, the commission ranges from $0.5 to $20, and for cryptocurrencies, it’s $0.5. If you choose to trade in a CLASSIC account, you can avoid commissions and instead have floating spreads starting from 1.8 pips.

Another cost to be aware of is the Swap Rate, or overnight interest, which is common among all brokers. However, by selecting the Islamic mode when opening an account, you can eliminate it. But remember that Islamic or Swap-Free accounts have a time limitation for keeping trades open, typically 14 days, and no broker allows you to keep trades open for more than 14 days in these accounts.

Average Spreads in LiteForex Broker Accounts

One very interesting aspect of LiteForex as a broker is its commitment to transparency and honesty. The broker provides the average spreads of its accounts on its official website several times a week. For example, the statistics below are for August 22, 2022:

Please note that the accuracy of the numbers mentioned is in pipettes, which means one-tenth of a pip. For example, in the table above, the number 2.4 is equivalent to 0.24 pips, and the number 36.4 is equivalent to 3.64 pips. This information helps traders gauge the cost of trading with LiteForex and provides valuable transparency.

Curency Pair	ECN	CLASSIC
AUDUSD	4.6	24.6
EURUSD	2.4	22.4
GBPUSD	6.9	26.9
NZDUSD	5.8	25.8
USDCAD	6.9	26.9
USDCHF	8.2	28.1
USDJPY	7.1	27.1
XAGUSD	1	6
XAUUSD	14	54
XPDUSD	836.73	890.22
XPTUSD	255.14	305.65
GBPJPY	17.3	77.3
EURCHF	8.3	52.2
EURGBP	5.5	41.4
EURJPY	9.3	33.3

Trading Instruments in LiteForex

In addition to various major currency pairs in forex, you can also access various precious metals (gold, silver, etc.), CFDs, oil, indices, stocks, commodities, and cryptocurrencies at LiteForex. However, keep in mind that the trading conditions for these assets may vary, but you can access all of them through MetaTrader 4 or MetaTrader 5.

Depositing and Withdrawing in LiteFinance

LiteForex Broker offers various options for depositing and withdrawing funds. Here is a list of the available methods:

Bank Cards:

Bank Wire:

Electronic Transfers:

Crypto:

It’s essential to note that, similar to most brokers, LiteForex has a policy where you are only allowed to withdraw using the same method you used for depositing funds. In other words, if you deposited money via Perfect Money, you can only withdraw using the same method.

For example, if you deposited $5,000 via Tether (USDT) and $3,000 via TAP. You can withdraw money using both methods, but the withdrawal amounts will be proportional to the deposited amounts. This policy ensures the security and transparency of transactions in LiteForex.

Open Real Account in Litefinance

Open Demo Account in LiteFinance

How to Open an Account with LiteForex

Here is a step-by-step guide for registering and opening an account with LiteFinance:

Visit the LiteForex website and change the site language to your choice from the top right corner.
Click on the “Register” button.
In the pop-up window, select your country, enter your email or mobile number, and set your password.
Enter the code sent to your provided email or mobile number and click the “Confirm” button.
To complete your profile, click on “My Profile” from the top left corner of the page and enter or verify your information.

In the “Identity Verification” section, make sure to provide your name and surname in English and your date of birth in the Gregorian calendar, matching your passport details. For address verification, input your address in English and upload a utility bill (water, gas, or electricity) as proof.

By following these steps, you can successfully register and open an account with LiteForex.

Trading Platforms at LiteForex Broker

Up to this point, we’ve explained how to get started with LiteForex, but after opening an account and selecting your account type, and depositing funds, all your trading activities are managed through trading platforms. Fortunately, LiteForex has chosen the all-time favorite platform for traders, MetaTrader, and offers both MetaTrader 4 and MetaTrader 5, along with MultiTerminal and mobile versions. It is also providing CTrader.

MT4: This is one of the most popular trading platforms for both novice and professional traders. It is packed with advanced trading features, including over 50 built-in indicators and graphical tools, 9 timeframes, and a complete trade history.
MT5: The MT5 platform offers even more features and is perfect for experienced traders. It provides a wider range of indicators, more timeframes, a complete set of order types, an economic calendar, and liquidity depth tools.
MetaTrader Multi-Terminal: This version is one of the most professional versions of MetaTrader and is designed for account managers and investors trading on multiple accounts who want to copy their trades in different proportions on different accounts. It offers more trading flexibility.
cTrader: cTrader is a popular and user-friendly trading platform known for its advanced charting and order execution capabilities. It is favored by many traders for its intuitive interface and robust features, making it a competitive choice in the world of forex and CFD trading.

LiteForex Bonuses

This broker continually provides exceptional services to traders. As of the time of writing this text, you can receive a 100% bonus for every deposit made with this broker. For example, if you deposit $5,000 using any of the deposit methods, your account will be credited with $10,000.

This feature is rarely seen with most brokers, and such offers usually change over time. It’s possible that when you read this article, the bonus has been replaced by a 30% bonus or another, even larger bonus. For reassurance, make sure to coordinate with the broker’s support before making any deposits.

LiteFinance Copy Trading

If you possess sufficient skills in analysis and trading and can consistently profit in Forex, this broker gives you the opportunity to get closer to your financial goals. You can create a profile in your trading panel, trade for a period, earn profits on your account, become known, and rest assured that substantial capital will be at the disposal of successful traders.

Even if you’re not a successful trader and are still in the learning and education phase of trading strategies and analysis, you can earn a good monthly income by investing in skilled traders. All you need to do is search among LiteForex Broker traders and find a trader whose trading results and risk appetite satisfy you.

Is LiteForex a Good Choice for Forex Trading?

LiteForex is a broker with many unique and special features that are not commonly found with most brokers. For example:

1. All withdrawal requests are processed automatically and instantly. Your funds are deposited into your account as quickly as possible.

2. Support for modern deposit and withdrawal methods such as Tether (USDT), Bitcoin, and others.

3. They provide dedicated VPS (Virtual Private Server) hosting for trading. These servers are maintained in LiteForex’s data center and enable you to execute ultra-fast trades for a monthly subscription fee as low as $15.

4. Social trading and copy trading are integrated into the platform, allowing you to easily generate additional income by sharing or copying your trades.

Pros

Regulated by CySEC, a reputable regulatory authority.
17 years of operational experience.
Easy deposit and withdrawal options in your local currency.
Excellent spreads in ECN accounts.
Provides copy trading with broker credibility.
Offers fast VPS hosting services.

Cons

Customer support may not be available on weekends.
This Broker does not offer PAMM (Percentage Allocation Management Module) accounts.

Overall, LiteForex Broker offers several advantages that can make it a good choice for Forex trading. The ability to use modern deposit and withdrawal methods, instant processing of withdrawal requests, and features like VPS hosting and copy trading contribute to its appeal. However, it’s important to consider your specific trading needs and preferences when choosing a broker.

Open Real Account in Litefinance

Open Demo Account in LiteFinance

Frequently Asked Questions

Is LiteForex a safe and reputable broker?

LiteForex is regulated by CySEC, which ensures its safety. LiteFinance Global is also registered offshore and provides a high level of financial security.

Where is the LiteFinance Broker office located?

LiteForex is based in Limassol, Cyprus. The central office of LiteFinance Global is located in Majuro, in the Marshall Islands.

How many types of accounts does LiteForex offer?

In addition to the Cent account, LiteForex Broker offers two other types of accounts: Classic and ECN.

Both of these accounts require an initial deposit of $50, and the stop-out level for both accounts is set at 20%.

RoboForex Broker Review ⭐ How to open an account?

نویسنده بروکرلند27 March 2024

RoboForex is an online brokerage company that provides trading services to individuals and institutional clients in the global financial markets. Established in 2009, the company has since become a reputable player in the industry. To ensure the safety and security of client funds, RoboForex operates under the strict supervision of various regulatory authorities, including the International Financial Services Commission (IFSC) and the Cyprus Securities and Exchange Commission (CySEC). These regulations provide a level of protection for traders’ investments.

RoboForex Broker offers a wide range of financial instruments for trading, including currencies, stocks, indices, commodities, and cryptocurrencies. Traders can access these markets through various trading platforms, such as MetaTrader 4 (MT4), MetaTrader 5 (MT5), and cTrader, which are known for their user-friendly interfaces, advanced charting tools, and extensive technical analysis capabilities.

One notable feature of RoboForex is its variety of account types designed to cater to different trading needs. It provides different account options, including Pro-Standard, ECN, and Prime accounts, each tailored to suit different trading strategies and priorities. Additionally, RoboForex offers Islamic accounts for traders who adhere to Sharia principles. The broker is known for its competitive trading conditions, including tight spreads, fast execution, and a no-dealing-desk approach, which Brokerland will thoroughly examine in this broker review to assist you in making an informed choice when opening an account.

RoboForex Broker Review

RoboForex is a popular international brokerage established in 2009, offering its services globally, including Iran. The broker is highly regarded by traders in the Forex market, primarily due to its advanced trading offerings and favorable portfolio conditions.

RoboForex is a Belize-based Forex and CFD broker offering 8 asset classes and over 12,000 instruments for trading. One of its standout features is the wide range of trading platforms it offers, including MT5, MT4, cTrader, and the powerful R Stock Trader. The broker provides various advanced technologies for trading.

Main Office	Belize
Regulation	FSC (Financial Services Commission)
Trading Instruments	8 asset classes including Forex, Stocks, Indices, ETFs, Commodities, Energies, and Metals
Trading Platform	MT4، MT5، R StocksTrader، cTrader
Minimum Deposit	10 $
Base currency	USD، EUR، CNY، Gold
Demo Account	Available
EUR/USD Spread	From 0 pips
Forex Learning	Comprehensive educational resources with analysis
Customer Support	24/7

RoboForex Pros ans Cons

RoboForex is considered a safe choice for trading through an internationally recognized institution. The broker boasts a long-standing history of excellent reputation and offers a wide range of account types, trading platforms, free proprietary Forex signals, and advanced research tools. It also provides powerful trading features suitable for advanced traders.

On the downside, trading commissions can vary depending on the platform and account type, which may seem complex. However, the company’s website contains detailed information about its terms, allowing for thorough analysis. Additionally, RoboForex is based in Belize, which, in terms of regulation and offshore status, enables it to offer services to Iranians.

pros	cons
Long history and regulation	None
Excellent reputation
Powerful trading features and advanced software recommendations such as MetaTrader, cTrader, R SocksTrader
A wide range of trading platforms
Free trading signals
Competitive trading conditions
High-quality educational materials to learn forex and outstanding research tools
Well customer support with live chat and rapid responses

Awards

RoboForex serves customers from over 169 countries, with around 1,000,000 traders, and provides support in over 10 languages. The focus is on developing trading proposals with innovative technological solutions and modern tools for trading.

Overall, RoboForex’s advances and offerings have been recognized with over 30 industry awards. Coupled with regular financial support and global activities, the company is well-known. It’s currently operating as the official sponsor of Cienciano Club for the 2022/23 season and supporting the fight of Andrei Kulebin.

2022 – 2021 Awards:

Best Mobile Trading Application
Best Prime Trading Account
Most Reliable Broker
Best Multi-Asset Trading Platform
Best Investment Products
Most Transparent Broker
Best Stock Broker
Broker of the Year
Best Investment Products
Most Profitable Broker
Best Partner Union of Traders
Most Reliable Broker
Best Stock Broker
Best Multi-Asset Trading Platform
Best Prime Trading Account
Most Transparent Broker
Best Mobile Trading Education App

Awards from 2020 – 2018:

Best Investment Products
Best Affiliate Program
Most Reliable Broker
Best Mobile Trading Application
Best Investment Platform
Best Stock Broker
Best Investment Products
Safest Broker
Best ECN Broker
Best ECN Broker
Best Broker, Eastern Europe
Silver Supporter of the Championship of Automated Trading
Fastest Growing ECN Broker in Eastern Europe

Is it a Safe Broker or a Scam?

RoboForex Broker is a regulated broker with a license from the Financial Services Commission (FSC) in Belize. This means it can be considered a trustworthy and safe broker. The FSC Belize adheres to international anti-money laundering (AML) policies.

RoboForex’s Safety Highlights:

Regulated by the FSC
A member of the Compensation Fund of the Financial Commission
Protection against negative balance
Verify My Trade (VMT) execution quality certificate

Is RoboForex Legitimate and Regulated?

RoboForex Ltd is an international Forex broker registered with the FSC in Belize under license number 000138/333. The broker has also received the Verify My Trade (VMT) execution quality certificate, confirming its compliance with the strict requirements of the Financial Commission for its broker members. Additionally, RoboForex protects its customers from negative balances and keeps their bank accounts separate for added fund security. This regulated broker ensures the safety of customer funds, making it a secure choice among the best Forex brokers for traders.

How Does RoboForex Protect Customer Funds?

RoboForex keeps customer funds separate from the company’s funds, ensuring protection against any illegal use. The company is also a member of the Compensation Fund of the Financial Commission, which can be utilized in unlikely scenarios where the company fails to meet its commitments.

Leverage

RoboForex allows you to request leverage of 1:400, 1:500, or even up to a maximum of 1:2000 in your trades. Leverage is a tool that can potentially amplify your profits, but it’s essential to use it wisely, as it can also increase potential losses.

Types of Accounts at Roboforex

RoboForex Broker offers five different types of accounts to cater to various clients. You can use USD, EUR, CNY, or GOLD as the base currency for your account. Here’s a list of the available account types and their features for your convenience:

RoboForex offers five different types of accounts to cater to various clients. You can use USD, EUR, CNY, or GOLD as the base currency for your account. Here’s a list of the available account types and their features for your convenience:

Prime Account

Trading Platforms: MT4, MT5, proprietary platform
Tradable Symbols: 28 currency pairs, metals, CFDs on US stocks, CFDs on indices, oil CFDs, cryptocurrencies, CFDs on futures
Minimum Deposit: $10
Spreads: Floating from 0 pips
Maximum Leverage: 1:300
Deposit Bonus: Not available
Loyalty Bonus: Available

ECN Account

Trading Platforms: MT4, MT5, proprietary platform
Tradable Symbols: 36 currency pairs, metals, CFDs on US stocks, CFDs on indices, oil CFDs, cryptocurrencies, CFDs on futures
Minimum Deposit: $10
Spreads: Floating from 0 pips
Maximum Leverage: 1:500
Deposit Bonus: Not available
Loyalty Bonus: Available

R StocksTrader Account

Trading Platform: Proprietary R StocksTrader
Tradable Symbols: Over 12,000 real stocks, CFDs on stocks, currencies, ETFs, oil, metals, cryptocurrencies, futures
Minimum Deposit: $100
Spreads: From $0.01
Maximum Leverage: 1:500
Deposit Bonus: Not available
Loyalty Bonus: Not available

ProCent Account

Trading Platforms: MT4, MT5, proprietary platform
Tradable Symbols: 36 Forex currency pairs, metals, cryptocurrencies
Minimum Deposit: $10
Spreads: Floating from 1.3 pips
Maximum Leverage: 1:2000
Deposit Bonus: Available
Loyalty Bonus: Available

Pro Account

Trading Platforms: MT4, MT5, proprietary platform
Tradable Symbols: 36 currency pairs, metals, CFDs on US stocks, CFDs on indices, oil CFDs, cryptocurrencies, CFDs on futures
Minimum Deposit: $10
Spreads: Floating from 1.3 pips
Maximum Leverage: 1:2000
Deposit Bonus: Available
Loyalty Bonus: Available

These accounts cater to different trading styles and preferences, so you can choose the one that suits your needs best.

Account	Trading Platform	Trading Instrument	Minimum deposit	Spread	Maximum Leverage	deposit bonus	loyalty bonus
prime	MT4, MT5, Broker Platfom	28 currency pairs, metals, CFDs on U.S. stocks, CFDs on indices, oil CFDs, cryptocurrencies, and CFDs on futures.	۱۰ $	floating from ۰ pips	۱:۳۰۰	No	Yes
ECN	MT4, MT5, Broker Platfom	36 currency pairs, metals, CFDs on U.S. stocks, CFDs on indices, oil CFDs, cryptocurrencies, and CFDs on futures.	۱۰ $	floating from ۰ pips	۱:۵۰۰	No	Yes
R StocksTrader	R StocksTrader Platfom	More than 12,000: indices, real stocks, CFDs on stocks, currencies, ETFs, oil CFDs, metal CFDs, cryptocurrencies, and CFDs on futures.	۱۰۰ $	from ۰.۰۱ $	۱:۵۰۰	No	No
ProCent	MT4, MT5, Broker Platfom	36 Forex currency pairs, metals, and cryptocurrencies.	۱۰ $	floating from 1.3 pips	۱:۲۰۰۰	Yes	Yes
Pro	MT4, MT5, Broker Platfom	36 currency pairs, metals, CFDs on US stocks, CFDs on indices, CFDs on oil, cryptocurrencies, CFDs on futures.	۱۰ $	floating from 1.3 pips	۱:۲۰۰۰	Yes	Yes

RoboForex Trading Instrument

RoboForex Broker offers a wide range of trading symbols for traders, including:

Stocks
Indices
Futures
ETFs
Precious Metals (gold, silver, and over 20 ETFs on platinum, palladium, copper, and nickel)
Energy (natural gas, ethanol, and more)
Commodities
Cryptocurrencies (such as Bitcoin, Ethereum, and more)
Forex currency pairs (over 40 pairs).

Fees

RoboForex’s trading costs start from 0 pips, and they offer fast order execution. After our analysis and comparison with over 500 other brokers, RoboForex’s costs are rated on average. Commissions may vary depending on the platforms, but you can see the overall costs in the table below.

Deposit Fee	No
Withdrawal Fee	No
Inactivity Fee	No

Spread

Spread values depend on the type of trading account you have, and we’ve provided these values in the table below.

Account Type	Spread
prime	Floating from 0 pips
ECN	Floating from 0 pips
R StocksTrader	From $0.01
ProCent	Floating from 1.3 pips
Pro	Floating from 1.3 pips

You can also see the spreads for EUR/USD, Crude Oil, and Gold in the table below.

Asset	Spread
EUR/USD	1.4 pips
Crude Oil	5.2 pips
Gold	17.54 pips

Additionally, always consider the cost of rollover or overnight fees. These fees are approximately -0.6 for short positions on EUR/USD and -0.052 for long positions held for more than one day.

Deposits and Withdrawals at RoboForex

RoboForex offers a variety of payment methods, including bank transfers, credit cards, and e-wallets. Unfortunately, due to Iranian restrictions, these options may not be available for Iranian clients. Iranian clients may explore alternative methods such as exchanging local currency (Rial) via local exchanges and using digital wallets like WebMoney and Perfect Money for deposits and withdrawals at RoboForex.

Here is a step-by-step guide for withdrawing funds from RoboForex:

Log in to your user account.
Select “Withdraw Funds” from the menu tab.
Enter the withdrawal amount.
Choose the withdrawal method.
Complete the electronic withdrawal request with the necessary details.
Confirm and submit the withdrawal information.
Check the current withdrawal status via your dashboard.

Trading Platforms

RoboForex offers a wide range of trading platforms for you to choose from, allowing you to tailor your trading approach to your preferences and style. The main recommendations are the MT4 and MT5 platforms, while traders can opt for cTrader or the proprietary platforms developed by RoboForex, R Web Trader, and R Mobile Trader.

Trading Platforms	RoboForex
MT4	Available
MT5	Available
cTrader	Available
Proprietary Platform	Available
Mobile Apps	Available

Web-Based Platforms

All offered platforms at RoboForex, including MetaTrader and cTrader, are available via web versions and desktop versions. These options provide comprehensive chart analysis and suitable toolbars for both professional traders and daily traders.

Desktop Platforms

Alongside desktop platforms, you can take advantage of the R StocksTrader strategy, a free and user-friendly tool aimed at automating trading performance for traders. This feature is excellent as it doesn’t require any programming skills, which are typically needed when using artificial intelligence in Forex.

MT4 is the most popular platform and includes advanced charting features along with robots and the best indicators, making it suitable for any trading strategy, such as scalping and stochastic strategies. If you prefer the latest version of MetaTrader, MT5 offers the choice between netting and hedging systems through four types of execution. Additionally, MT5 includes comprehensive market analysis tools.

Copy Trading

RoboForex Broker has developed customized tools and solutions for investors, allowing you to choose copy trading or find solutions for market professionals. The CopyFX platform is excellent for easy and reliable investing among over 9,000 top traders, similar to a PAMM account offered by some other brokers.

Customer Support at RoboForex

In this brokerage, customer service is available 24/7 through live chat, email, and international phone lines. They offer support in more than 10 languages.

Customer support at RoboForex is highly ranked. Traders receive fast and informed responses, and access is very convenient during business days, which is a great feature.

Pros	Cons
24/7 Support	None
Responsive Communication
Live Chat and International Phone Lines
Multilingual Support

Forex Learning

RoboForex provides essential educational materials and resources to learn forex, especially valuable for beginners. You can also participate in trading competitions to assess your skills and increase your level. Market analysis, technical analysis, and a wide range of trading tools are available at RoboForex. Furthermore, traders can access a trading history and excellent tools, including a calculator, strategy builder, and trading ideas, dating back up to 1 year. All of these features are offered on the platforms along with powerful functionalities.

Conclusion of RoboForex Broker Review

In conclusion, RoboForex is a reliable broker that offers quality trading solutions and recommendations. Their flexibility in terms of platform diversity, currency pairs, and various types of trading accounts sets them apart as one of its key positive aspects. This broker provides excellent educational materials and research tools for traders at different levels.

RoboForex is suitable for:

Beginners and advanced traders
Traders who prefer MT4/MT5 and cTrader platforms
Forex and CFD trading
Various trading strategies
Algorithmic traders or API users
Traders in need of 24/7 customer support
Those looking for good educational and research content

HYCM Broker Review Trading Conditions, Features and Accounts

HYCM Broker Review ❤️ 2024 update

نویسنده بروکرلند27 March 2024

HYCM Broker, previously known as HY Markets, is considered one of the best forex brokers. This brokerage has over 40 years of experience in the market. It is a part of the Henyep International financial holdings, founded in 1977, with its headquarters in London, England. The Henyep Group is active in financial services, education, and real estate.

HYCM adheres to strict regulations, which it enforces in its offices worldwide and every relevant jurisdiction. Its offices are supervised by regulatory agencies in major cities around the world, including London, Limassol (Cyprus), Hong Kong, and Dubai. Furthermore, this broker provides powerful trading capabilities and offers an advanced range of trading tools with dedicated customer support. Here BrokerLand will review all the key features and anything you need to know to open an account in this broker.

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2023 HYCM Broker Review

This broker has a long history of operation and is highly regulated. Opening an account with this broker is straightforward, and it offers various types of accounts with low costs and quality education and research. Additionally, it allows you to choose from various options for deposit and withdrawal.

HYCM Broker
🗺️ Headquartes	United Kingdom (UK)
⚖️ Regulation	FCA, ESMA, CySEC, DFSA, CIMA
💰 Minimum Deposit	$100
💰 Maximum Leverage	1:30
📊 trading Platforms	MetaTrader 4, MetaTrader 5
🎮 Demo Accounts	Available
🛍️ Trading Instruments	Forex, Metals, Gold, Silver, Energy (Oil and Gas), Commodities, Indices, and Stocks

Regarding the drawbacks of this broker, it operates differently depending on the entities. It lacks 24-hour support, and its trading tools are limited to Forex and CFD markets. However, it solely uses the MetaTrader trading platform.

HYCM Awards

This Broker provides a professional trading environment, making it highly respected globally. It has a long history in the financial industry and serves numerous clients worldwide. This is because it offers a trader-friendly environment for various types of traders. In fact, the HYCM brand is highly respected among traders and financial industry investors, earning multiple international awards for its achievements.

Is it scam or safe?

HYCM broker is not a scam but a reputable part of a global company with a strong track record and high trustworthiness. This entity is regulated by several government supervisory authorities such as FCA, CySEC, and DFSA. Therefore, it is considered a low-risk and safe broker for forex trading.

Is HYCM Broker Legal?

The main office of this broker is called Henyep Capital Markets, located in London, and is thoroughly assessed by the FCA. Therefore, it provides proper legal security for its clients worldwide and creates favorable conditions for cooperation. Other branches of the Broker also hold appropriate licenses from various places like Dubai and Cyprus, confirming HYCM’s exceptional adherence to legal guidelines.

HYCM Broker takes stringent regulations to ensure the complete protection of its customers. Customer deposits at this broker are always kept separate from the company’s funds, eliminating any doubts or suspicions regarding their use. Moreover, customers of the broker fall under the Financial Services Compensation Scheme (FSCS), which is also applicable to legal entities.

Therefore, if, under any circumstances, HYCM is unable to provide further financial services, customers can receive compensation. However, the official regulations of the company can vary significantly depending on the specific entity and its auditing rules and conditions. Therefore, before investing, it’s essential to carefully review the specific rules of the entity in your country.

Leveraged Trading

Leveraged trading with HYCM Broker depends on the regulatory environment and jurisdiction where your trading account is established. Each jurisdiction is categorized under specific laws and regulations. Consequently, different levels of leverage and trading conditions will apply based on your place of residence. The leverage ratios offered by the Broker vary as follows:

Leverage ratio of 1:500 for accounts in Dubai and CIMA (Cayman Islands).
Leverage ratio of 1:30 for British and European traders.

Higher leverage ratios, up to 1:500, are also available in some accounts, enabling smaller and retail traders to participate. This is because a small initial deposit can cover trading margins. However, this high leverage is only allowed for accounts in Dubai and those in compliance with the Cayman Islands regulations. Most other accounts fall under European ESMA regulations, which recently capped leverage levels for forex instruments at a maximum of 1:30.

Types of Accounts at HYCM Broker

HYCM Broker offers three types of accounts: Fixed, Classic, and Raw Spread accounts, each with fundamental differences. It uses a Fixed Spread model with slightly higher margins than usual. However, this ensures that no commissions are charged on various trades.

The classic account also offers variable spreads to customers. In the raw spread account, spreads are determined by interbank rates and can be as low as 0 pips, along with a commission for each trade. However, the spread on trading accounts and specific conditions may vary based on the regulations of each jurisdiction.

Positive Aspects	Negative Aspects
Quick Account Opening	Types of accounts and offers may vary depending on the jurisdiction.
Clearly Defined Account Types
Clearly Defined Account Types
Demo and Swap-Free Accounts Available
Access to a Wide Range of Financial Instruments

HYCM Broker’s Fees

HYCM Broker’s fees differ depending on the chosen account type or the type of trade you engage in. You’ll need to decide which fee structure suits your trading style better. Fixed spreads are preferable for those who seek market stability even during forex news events. Classic variable spreads and zero commission accounts are more suitable for diverse trading styles and offer good value. Understanding a broker’s fees is crucial. Additional fees, such as commissions on deposits or withdrawals, as well as non-trading fees, are displayed in the following table.

Fees
Deposit Fee	No
Withdrawal Fee	Yes
Inactivity Fee	Yes
Ranking of Fees	Low to Average

Non-Trading Fees

HYCM’s fees, or its swap rate, are also affected by its overnight interest rate. Additionally, whether a position is long or short plays a role. Non-trading fees, in essence, differ when exchanging one currency for another. For example, the purchase order with the EUR/USD currency pair equals 3.25%. Meanwhile, the sale order adds 1.25% to this amount.

Also, consider the inactivity fee. HYCM Broker will charge you a monthly fee of $10 if your trading account remains inactive for a certain period.

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HYCM Broker’s Spreads

HYCM provides different types of spreads depending on the chosen account type. Fixed spreads, although slightly higher than standard, are offered for specific accounts. On the other hand, the classic account offers variable spreads, which vary based on market conditions and fluctuations. Ultimately, raw spreads are a choice for more advanced traders, as they involve a commission of $4 per lot in each round.

Moreover, Islamic accounts and swap-free accounts are also available for traders. You can find HYCM’s spreads for various assets or currency pairs in the table below.

Currency Pair	Spread
EUR/USD Currency Pair:	1.2 pips
Crude Oil (Texas)	6 pips
Gold	32 pips

Trading Instruments

HYCM Broker specializes in providing a wide range of trading instruments. It offers access to various financial and commodity instruments, including forex, precious metals like gold and silver, energy carriers like oil and gas, commodities, indices, and stocks. Additionally, this broker continuously improves its range of tools and now offers a broad selection of major cryptocurrencies to its users.

HYCM Broker’s Trading Platforms

HYCM, as a leading financial service provider, offers advanced trading platforms to its traders. They primarily prioritize and relies on the popular MetaTrader 4 (MT4) platform for its trading activities. However, users can always choose the new version, MetaTrader 5 (MT5), if they prefer it.

1. Web Platform

MetaTrader 4 is an advanced software in the financial brokerage industry and is primarily known for its ease of use and comprehensive features. The web platform can be an excellent choice due to its easy access through any web browser, eliminating the need for special installations or configurations. However, its main drawback is the limited number of available trading tools and programs. For more in-depth analysis, it’s better to opt for the desktop version of MT4.

2. Desktop Platform

Professional and daily traders require a desktop platform that provides the full version of MT4 or MT5 with all the trading capabilities. MT4 is also suitable for novice traders, offering security, 24/7 support, automated trading capabilities, integrated technical analysis tools, fundamental market news, VIP personal seller services, experts, and many other features.

3. Mobile Platform

This Broker also offers a mobile application for traders who prefer trading on the go. The mobile platform allows users to trade anytime, anywhere. The HYCM Trader app is available on both Google Play and the App Store, making it easy to access. All you need to do is search for “HYCM” in these stores.

Deposits and Withdrawals at HYCM

There are various ways to fund trading accounts and withdraw funds from accounts offered by HYCM. They employ a democratic policy for transferring money, but the terms and methods of transfer can differ significantly depending on the specific account balance.

Deposit Options

HYCM customers can utilize regular bank cards and other common payment methods for making deposits. Visa or Mastercard, bank transfers, various electronic systems like WebMoney, UnionPay, Neteller, Skrill, along with Bitcoin are available deposit options with this broker.

Payment Type	Minimum Amount	Deposit Base Currency	Processing Time	Commissions
Bank Wire	US $250	USD, EUR, KWD, AED, SAR, RMB	1 to 7 working days	$0
Visa / Mastercard	US $20	USD, EUR, GBP, RUB, AED	1 hour	$0
neteller	US $20	USD, EUR	1 hour	$0
skrill	US $20	USD, EUR	1 hour	$0

Minimum Deposit

The minimum deposit at HYCM broker varies depending on the type of account you choose. For example, the Raw Spread account initially requires a deposit of $200, but in general, the minimum deposit can start from $100.

Withdrawals

One of the great things about HYCM is that there are no deposit and withdrawal fees, meaning you can manage your costs easily. However, make sure to deposit in your account’s base currency and avoid multiple currency conversions. Withdrawal methods are similar to deposit methods.

Payment Type	Minimum Amount	Base Currency	Processing Time	Commissions
Bank Wire	US $300	USD, EUR, GBP, AED	1 to 4 working days	$0
Visa / Mastercard	US $20	USD, EUR, GBP, RUB, AED, CAD	1 to 7 working days	$0
neteller	US $20	USD, EUR	24 Hours	$0
skrill	US $20	USD, EUR	24 Hours	$0

HYCM Customer Support

Thius broker offers customer support in multiple languages through their customer service desks, catering to global needs. Even if customer service is available only on business days, they are highly responsive. It’s customer service is accessible through live chat, international phone lines, email, and more.

Education

Another outstanding feature of HYCM is its commitment to education and sources to learn forex, providing all the knowledge necessary for successful trading. This includes trading courses, webinars, and seminars regularly held at different locations. You will also have access to technical and fundamental market analysis through educational materials, MT4 videos, and other essential resources.

These educational resources are highly beneficial, especially for novice traders. Along with excellent learning opportunities and research tools, they provide a great chance for a successful trading journey.

Summary

HYCM brokerage has a strong and trustworthy reputation in the financial market. It is a regulated broker with professional services that cater to the needs of traders. Traders can open an account with a very low deposit of $100 in this brokerage. Even novice traders can benefit from the well-rounded support and educational resources provided by the broker’s highly-educated customer support team.

Pros

1. Reputable with FSA and CySec regulation.
2. Over 40 years of company history.
3. Excellent trade execution speed.
4. Supports real (Rial) deposits and withdrawals.
5. Competitive spreads and commissions.
6. Strong customer support.

Cons

1. Doesn’t offer a Cent account.
2. Does not provide PAMM and copy trading accounts.

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Frequently Asked Questions (FAQs)

Is HYCM a regulated and reputable broker?

Yes, HYCM is regulated by two reputable authorities, FCA in the United Kingdom and CySEC in Cyprus, and it is under strict and continuous supervision. Additionally, the CIMA organization in Dubai has also approved this broker.

What trading platforms does HYCM offer?

You can choose from various trading platforms provided by this broker, including Windows, Android, and iOS versions, as well as MetaTrader 4 and MetaTrader 5 platforms. These platforms are available for free and are easy to download and use.

What trading instruments are available?

HYCM offers over 100 different trading instruments, including currency pairs, well-known global indices, cryptocurrencies, and commodities like crude oil. You can trade these instruments as CFDs (Contracts for Difference).

IronFX Broker Review 2024

نویسنده بروکرلند27 March 2024

What you are about to read:

IronFX broker is one of the prominent and best Forex brokers. It was founded in 2010 and has a decade of experience in the financial markets. With a strong foundation since its inception, this broker has gained a reputation as a trustworthy intermediary for traders worldwide.

IronFX, headquartered in Limassol, Cyprus, strategically operates from this European location and benefits from a favorable regulatory environment and membership in the European Union. The broker is regulated by various financial authorities in different jurisdictions and ensures commitment, security, and transparency. This regulatory framework enhances the position of IronFX Broker as a reliable and reputable platform for traders seeking a strong and beneficial trading experience. Stay tuned with Brokerland‘s broker reviews to provide you with all you need to know about one of the best forex brokers for beginners and experienced traders.

Review and Introduction of IronFX Broker

IronFX broker has over 1.2 million customers from 180 countries around the world, transforming it into a leading Forex and CFD broker since its establishment in 2010. Traders receive the reliable MT4 trading platform and benefit from its low trading fees, including a zero-spread account option.

Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 61.8% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

headquarter	Limassol, Cyprus
Regulation	ASIC، CySEC، FCA
Year Founded	2010
Execution	ECN/STP، market maker
Minimum Deposit	100 USD
Trading Platform	MT4
Forex Signal	✅
US Traders	❌
Swap-free Account	✅
Segregated Accounts	✅
Managed Accounts	❌
Support Hours	24/5
Customer Support	✅
Demo Account	✅
Minimum Raw Spread	0.0 pips
Minimum Standard Spread	0.3 pips
Minimum Forex Commission	18 $ per 1.0 standard lot
CFD/DMACommission	❌
Cashback Discounts	❌
Withdrawal Fees	✅
Financial Funding Methods	7

Regulations and Security

Trading with a regulated broker restricts the potential for fraud and misconduct. Therefore, it is always recommended for traders to review the regulations and open an account with a broker that has the necessary licenses. IronFX provides its customers with services under the regulation of three entities, creating a secure environment.

Regulating Country	Regulatory Body	Regulatory License Number
Cyprus	Cyprus Securities and Exchange Commission	125/10
United Kingdom	Financial Conduct Authority	585561
South Africa	Financial Sector Conduct Authority	45276

Is IronFX a legal and safe broker?

IronFX Broker has over 10 years of experience and segregates client deposits from corporate funds. It offers protection against negative balances through its three subsidiary companies under its supervision. The combination of these features makes it an ideal and secure broker for starting Forex trading.

Fees

When evaluating a broker, transaction costs can be one of the most determining factors because they directly impact profitability.

Fees

The Absolute Zero account, with no commissions, offers minimum spreads ranging from 0.3 to 0.5 pips or $3.00 to $5.00 per standard lot for major currency pairs, making it one of the most competitive types of trading accounts available at IronFX Broker. Since the minimum deposit for most types of accounts is $100, the Absolute Zero account is highly recommended.

Withdrawal Fees	✅
Commissions / Spreads	Both
Withdrawal Options	Various banking methods, Visa and Mastercard, WebMoney, Perfect Money are accessible.
Deposit Options	Various banking methods, Visa and Mastercard, WebMoney, Perfect Money are accessible.

The minimum trading costs for EUR/USD at IronFX are as follows:

Average Spread	Commission per round lot	Cost per 1.0 standard lot
1.8 pips (Absolute Zero)	0.00 $	18.00 $
2.2 pips (Live Fixed)	0.00 $	22.00 $
0.0 pips (Live Zero Fixed)	36.00 $	36.00 $
1.6 pips (Zero Commission)	0.00 $	16.00 $
0.3 pips (Absolute Zero)	0.00 $	3.00 $

The most overlooked transaction costs are typically the swap rates in leveraged positions held overnight. Depending on your trading strategy, such as the MACD and Stochastic strategies, these rates can become the most significant fees in each trade. We always recommend that traders examine their overall transaction costs before making decisions.

MT4 traders can access swap rates from their platform by following these steps:

Right-click on the symbol you’re interested in within the Market Watch window and select “Specification.”
Scroll down until you see “Swap Long” and “Swap Short.”

Below is a list of sample transaction costs for buying and selling EUR/USD, holding the position for one night and seven nights in an Absolute Zero account with no commission:

For taking a buy/sell position with a standard lot of 1.0 in EUR/USD, with a minimum spread, and holding it overnight at IronFX, the costs are as follows:

Minimum Spread	Commission per round lot	Swap Long	Swap Short	Total Transaction Costs
0.3 pips	0.00 $	-11.75 $	X	14.75 $
0.3 pips	0.00 $	X	2.01 $	0.99 $

For taking a buy/sell position with a standard lot of 1.0 in EUR/USD, with a minimum spread, and holding it for one week, the costs are as follows:

Minimum Spread	Commission per round lot	Swap Long	Swap Short	Total Transaction Costs
0.3 pips	0.00 $	-82.25 $	X	85.25 $
0.3 pips	0.00 $	X	14.07 $	-11.07 $

Important Note: IronFX offers positive swap rates on eligible assets, meaning traders can earn money for holding leveraged positions overnight. Traders should consider these swap rates and can typically avoid them by closing positions before the cutoff time, usually around 17:00 EST.

Trading Instruments at IronFX

This broker offers a wide range of assets, exceeding 300 trading instruments. They highlight their availability of over 80 Forex currency pairs, making them an ideal Forex broker. Additionally, IronFX provides traders with 15+ commodity CFDs, 20+ index CFDs, 30+ futures contracts, and 150+ stock CFDs.

Forex Currency Pairs: ✅
Cryptocurrencies: ❌
Commodities: ✅
Metals: ✅
Indices: ✅
Stocks: ✅
CFDs: ✅
Oil: ✅
Gold: ✅
Bonds: ❌
ETFs: ❌
Options: ✅
Stock CFDs / DMA Stocks: ✅
Maximum Retail Leverage: 1:30
Maximum Pro Leverage: 1:30

Leverage at IronFX Broker

Leverage at IronFX depends on the subsidiary’s operational and asset class. Forex traders in South Africa can receive a maximum leverage of 1:500, while those in Cyprus and the UK receive 1:30. Maximum leverage for commodities ranges from 1:10 to 1:20, and for stock CFDs, it goes up to 1:20. Traders should ensure that they manage risk to prevent significant losses and always consider the risk-to-reward ratio. IronFX provides protection against negative balance, meaning traders cannot lose more than their deposits.

The trading hours for various assets at IronFX are as follows: (Trading Hours (GMT + 2))

market	From	To
Forex	Monday 00:00	Friday 24:00
Commodities	Monday 01:00	Friday 24:00
European Stocks	Monday 10:00	Friday 18:30
US Stocks	Monday 16:30	Friday 23:00قابل توجه:

Unlike Forex, which offers 24-hour trading opportunities due to various Forex sessions, and commodities that mainly trade 24/5, stock markets do not operate in the same manner as seen in the table.

Types of Accounts at IronFX

IronFX Broker offers eight account options, with a minimum deposit requirement of $100 for most of them. Let’s explore the types of these accounts and their features.

It provides two demo accounts, Demo Floating Spread and Demo STP/ECN Absolute Zero. The first one is entirely customizable, while the latter is only available as a USD option with a default balance of $100,000, where traders can select their desired leverage. This broker doesn’t list any expiration time, which is excellent as all demo traders require unlimited access.

Live Floating/Fixed Spread Accounts at IronFX Broker

Account Type	STANDARD	PREMIUM	VIP	LIVE ZERO FIXED SPREAD
CFD Instruments	Forex, Metals, Indices, Commodities, Futures, Shares	Forex, Metals, Indices, Commodities, Futures, Shares	Forex, Metals, Indices, Commodities, Futures, Shares	Forex, Metals, Indices, Commodities
Minimum Lot Size	0.01	0.01	0.01	0.01
Base Currency	USD, EUR, GBP, AUD, JPY, BTC, PLN, CZK	USD, EUR, GBP, AUD, JPY, BTC, PLN, CZK	USD	USD, EUR
Spread	Floating from 1.6 Fixed to 2	Floating from 1.4 Fixed to 1.8	Floating from 1.2 Fixed to 1.6	Fixed to 0
Commission	No	No	No	Yes
Flexible Leverage Up to	1000	1000	1000	500
Stop out	20%	20%	20%	50%
Swap free/Islamic Account Option	Yes	Yes	Yes	Yes
Dedicated Account Manager Available	24/5	24/5	24/5	24/5
Dealing Department Transaction Hotline	Yes	Yes	Yes	Yes

CSTP/ECN Accounts at IronFX

Account Type	NO COMMISSION	ZERO SPREAD	ABSOLUTE ZERO
CFD Instruments	Forex, Metals, Indices, Commodities	Forex, Metals, Indices, Commodities	Forex, Metals, Indices, Commodities
Minimum Lot Size	0.01	0.01	0.01
Base Currency	USD, EUR, JPY,GBP,BTC	USD, EUR, JPY,GBP,BTC	USD, EUR, JPY
Spread from	0.9	0	0
Commission	No	Yes	No
Flexible Leverage Up to	500	500	200
Stop out	50%	50%	50%
Swap free/Islamic Account Option	No	No	No
Dedicated Account Manager Available	24/5	24/5	24/5
Dealing Department Transaction Hotline	Yes	Yes	Yes

Trading Platforms

IronFX broker offers the main trading platform, MetaTrader 4, which is a leading platform for algorithmic trading, as we discussed in forex artificial intelligence. They also mention that MT5 will be available soon.

Platform Languages	English, Spanish, Arabic, Italian, French, Turkish, German, Chinese, Russian, Portuguese, Dutch, Greek, Thai, Swedish, Polish, Hungarian
Operating System Compatibility	Mac, Windows, Mobile, Web, iPhone iOS, iPad iOS
Scalping	✅
Hedging	✅
Mobile Alerts	✅
Email Alerts	✅
Guaranteed Limit Orders	❌
Guaranteed Execution	❌
One-Click Execution	✅
OCO Orders	❌
Margin Interest	❌
Web-Based Trading	✅
Mobile Tradin	✅
MT4	✅
MT5	❌
cTrader	❌
Proprietary Platform	❌
Auto Trading	❌
Guaranteed Stop Loss	❌

IronFX Broker Awards

IronFX broker has received multiple awards for various aspects of its competitive trading environment. Some of the most recent awards include:

Best Online Trading Platform (2019)
Best Global Currency Trading Online Platform (2019)
Broker of the Year (2019)
Most Trusted Forex Broker – Global (2019)
Leading Global cruptocurrency Trading Experts (2019)
Outstanding Provider of Online Trading Solutions (2019)
International Markets – Best Forex Operator of the Year (2020) by Forex Iron FX
Best Online Trading Company and Financial Services (2020)
Best International Forex Online Trading Platform (2021) / ACQ5
International Currency Trading Online Platform of the Year – Iron FX (2021) / ACQ5
Outstanding Online Trading Partner Program (2021) / AI GLOBAL MEDIA LTD
Outstanding Online Trading Partner Program (2022) / Global Awards 2022
Best Educational Broker for 2023 by THE EUROPEAN AWARDS

Customer Support

IronFX broker provides customer support 24/5 in languages including Arabic, Bulgarian, Chinese, Czech, Dutch, English, French, German, Greek, Hebrew, Indonesian, Italian, Japanese, Korean, Polish, Portuguese, Romanian, Russian, Spanish, Turkish, Vietnamese, and more. They also offer Persian and Hindi in their FAQ section and provide live chat with quick response times for essential inquiries.

Support Hours	۲۴/۵
Customer Support	Email, Chat Online
Customer Support Languages	English, Persian, Spanish, and more…

Minimum Deposit

The minimum deposit at IronFX broker for most accounts is $100, except for the Zero Spread option, which requires $500.

Payment Methods at IronFX Broker

This brokerage supports various payment methods, including bank transfers, credit/debit cards, Skrill, Neteller, FasaPay, and Perfect Money.

Deposits and Withdrawals

IronFX broker processes all financial transactions for verified customers. The minimum deposit is $100, which is also the minimum withdrawal amount. The processing time depends on the geographical location and payment processors used, and the broker processes them within one to ten business days. There are no fees for domestic deposits and withdrawals, except for scalpers who request withdrawals without making a trade, in which case a 3% fee applies.

Traders also need to consider third-party processing fees and currency conversion costs, just like with any other broker. Only verified accounts can deposit and withdraw, and the name on the payment processor must match the account name at IronFX. Some payment processors may have geographical restrictions, but the broker’s support department lists only those available to traders.

Summary of IronFX Broker Review

The trading environment at IronFX broker is very popular in the Absolute Zero account due to its competitive trading fees. Additionally, it is an ideal broker for forex traders because of its above-average selection of currency pairs, a well-structured trading environment, and a dedicated customer support team, making it an excellent choice for registration.

Frequently Asked Questions

Is IronFX broker regulated?

Yes, various entities within the IronFX Group hold regulatory licenses in Cyprus, the United Kingdom, and South Africa.

How long does a withdrawal from IronFX broker take?

Withdrawals from IronFX can take between one to ten business days, depending on the geographical location and payment processors used by traders.

Is IronFX broker legal?

It is a legal broker with three subsidiary companies under regulation and a track record of over ten years in operations.

IFC Markets Broker Review.Is it scam or regulated?

IFC Markets Broker Review ❤️ Regulated MT5 Broker

نویسنده بروکرلند27 March 2024

What you are about to read:

IFC Markets Broker has been providing its trading services to over 165,000 customers for more than a decade. These trading and commercial services are offered through numerous trading tools and multiple opportunities. It’s worth noting that IFC Markets is a part of the IFCM Group of companies, a holding that engages in providing services and developing projects in the field of financial technologies while complying with international legal requirements. Let’s conduct a comprehensive review of this broker, which has recently been listed among the best forex brokers on the Brokerland website.

Open Real Account IFC Markets

Open Demo Account IFC Markets

IFC Broker, a financial broker, has been offering its trading services to over 165,000 customers for more than a decade. These services cover a wide range of trading instruments and platforms. While the broker is based in Cyprus, it also operates internationally through additional entities in the British Virgin Islands (BVI) and Labuan, Malaysia.

Pros and Cons of IFC Markets Broker

IFC Markets provides CFD trading, excellent education through its academy, MT4 and MT5 platforms, and proprietary software. It also offers quick account opening, free demo accounts, low costs, and a wide range of trading tools. On the downside, it doesn’t offer 24/7 customer support, different conditions apply to its subsidiary entities, and there are fees for deposits.

IFC Markets Broker
🗺️ Headquarters	Cyprus(BVI)
⚖️ Regulation	CySEC, BVI FSC
💰 Minimum Capital	100$
💰 Maximum Leverage	1:400
📊 Trading Platforms	NetTradeX, MT4, MT5
🎮 Initial Bonus	Up to 50% on account deposits
🛍️ Trading Instruments	Offers 600 instruments, including currencies, metals, indices, stocks, commodities, gold, ETFs, Cryptocurrencies, and more.

Is IFC Broker Safe?

Security in brokers and crypto exchanges, whether centralized and traditional like Coinex, ByBit, or decentralized crypto currency exchanges like PancakeSwap and SushiSwap, is one of the most important and fundamental principles of choice.

We consider IFC Broker a safe broker due to its compliance with regulations set by the European authority CySEC. The broker is committed to adhering to strict rules and regulations as its authorities oversee all stages of trading and investment. However, this is a trading name used by two separate companies: IFCMARKETS CORP, registered in the British Virgin Islands (BVI FSC), and IFCM CYPRUS LIMITED, a Cypriot investment company under CySEC regulations.

Despite the BVI jurisdiction being offshore, we recommend caution when dealing with financial companies based in such areas, as they may not have the same level of oversight. This broker has another entity, IFCM CYPRUS LIMITED, registered in Cyprus and regulated by CySEC.

Regulators, Countries, and License Numbers:

British Virgin Islands Financial Services Commission (BVI FSC), British Virgin Islands, License Number: SIBA/L/14/1073.
Labuan Financial Services Authority, Malaysia (Federal Territory of Labuan), License Number: MB/20/0049.
Cyprus Securities and Exchange Commission (CySEC), Cyprus, License Number: 147/11.

Protection at IFC Broker

IFCM CYPRUS LIMITED, as a CySEC-regulated broker, is also a member of the ICF (Investor Compensation Fund). The company’s charter complies with MiFID regulations from the European Commission, which allows it to provide secure investment services in the EEA. In general, customer safety at IFC is ensured through various means, including fund segregation, participation in compensation schemes, and the company’s own guarantees. The CORP entity in the British Virgin Islands will also have professional indemnity insurance with AIG EUROPE LIMITED for financial institutions.

Leverage Trading at IFC Markets

Leverage is a tool that allows you to trade a larger amount of money. This is done by using the power of leverage to magnify your initial balance, freeing up your money for other purposes. However, the potential for profit or loss increases in parallel, emphasizing the importance of learning and using it wisely.

Leverage levels at IFC broker are determined by regulatory constraints and the country of your residence. Therefore, it’s essential to study the applicable conditions in your country and other legal regulations. For trading with the European entity of IFC Markets, the maximum leverage level for forex instruments is set at 1:30.

However, when trading with the international branches of this financial broker, you may have access to higher leverage, up to 1:300. One positive note about leverage at IFC Markets is that the broker provides services to protect against negative balances, helping traders to never incur losses exceeding their deposits.

Types of Accounts

IFC Markets Broker offers three types of accounts: Standard, Beginner, and Demo accounts. These accounts are available in different currencies, including US Dollar (USD), Euro (EUR), Japanese Yen (JPY), and united Bitcoin (uBTC). This makes it easy to transfer funds, whether you prefer fixed or floating spreads on any of IFC Markets’ trading platforms. Typically, higher-tier accounts have better conditions and can provide higher leverage, up to 1:200. However, these types of accounts require larger deposits, starting at a minimum of $1000.

In addition to real trading accounts, IFC Markets offers a free demo account, which operates with virtual funds. This account is designed for studying and testing trading strategies. Moreover, you can opt for a VIP account, which grants flexible trading conditions, exclusive personal tools, free access to VPS, zero commissions for deposits and withdrawals, and more.

In the tables below, you can find the types of accounts on different trading platforms offered by IFC Broker, along with all their features and costs.

trading accounts on the NetTradeX platform:

	Standard Account (fixed and floating spread)	Beginner Account (fixed and floating spread)	Demo Account (fixed and floating spread)
Available Currencies	USD EUR JPY uBTC	USD EUR JPY uBTC	USD EUR JPY uBTC
Initial Deposit	1000 USD \| 1000 EUR \| 100000 JPY	1 USD \| 1 EUR \| 100 JPY	–
Maximum Equity	–	5000 USD	–
Leverage	1:1 – 1:200	1:1 – 1:400	1:1 – 1:400
Minimum Fixed Spread	From 1.8 pips	From 1.8 pips	From 1.8 pips
Minimum Floating Spread	From 0.4 pips	From 0.4 pips	From 0.4 pips
Short margin Level	10%	10%	10%
Minimum Trade Volume (Forex)	10000 units	100 units	100 units
Daily Market News	+	+	–
Position Accounting System	Hedged/Netting	Hedged/Netting	Hedged/Netting

trading accounts on the MT4 platform:

	Standard Account (fixed spread)	Micro Account (fixed spread)	Demo Account (fixed spread)	PAMM Account (fixed spread)
Available Currencies	USD EUR JPY	USD EUR JPY	USD EUR JPY	USD
Initial Deposit	1000 USD \| 1000 EUR \| 100000 JPY	1 USD \| 1 EUR \| 100 JPY	–	100 USD
Maximum Equity	–	5000 USD \| 5000 EUR \| 500 000 JPY	–	–
Leverage	1:1 – 1:200	1:1 – 1:400	1:1 – 1:400	1:1 – 1:200
Minimum Fixed Spread	from 1.8 pips	from 1.8 pips	from 1.8 pips	from 1.8 pips
Short margin Level	10%	10%	10%	10%
Minimum Trade Volume (Forex)	0.1 lot	0.01 lot	0.01 lot	0.01 lot
Daily Market News	+	+	–	+
Position Accounting System	Hedged	Hedged	Hedged	Hedged

trading accounts on the MT5 platform:

	Standard Account (floating spread)	Micro Account (floating spread)	Demo Account (floating spread)	PAMM Account (floating spread)
Available Currencies	USD EUR JPY	USD EUR JPY	USD EUR JPY	USD EUR JPY
Initial Deposit	1000 USD \| 1000 EUR \| 100000 JPY	1 USD \| 1 EUR \| 100 JPY	–	100 USD \| 100 EUR \| 10000 JPY
Maximum Equity	–	5000 USD \| 5000 EUR \| 500 000 JPY	–	–
Leverage	1:1 – 1:200	1:1 – 1:400	1:1 – 1:400	1:1 – 1:200
Minimum Floating Spread	from 0.4 pips	from 0.4 pips	from 0.4 pips	from 0.4 pips
Short margin Level	10%	10%	10%	10%
Minimum Trade Volume (Forex)	0.1 lot	0.01 lot	0.01 lot	0.01 lot
Daily Market News	+	+	–	+
Position Accounting System	Hedged/Netting	Hedged/Netting	Hedged/Netting	Hedged

Open Real Account IFC Markets

Open Demo Account IFC Markets

Trading Instruments at IFC Markets Broker

IFC Broker is an international broker for Forex and CFD (Contract for Difference) markets. It offers trading opportunities for 50 currency pairs with instant order execution. You can also engage in CFD trading with the ability to buy over 400 CFDs on shares at a 100% dividend rate.

The broker provides leverage of up to 1:30 for CFDs. Additionally, IFCM offers 19 perpetual commodity futures contracts and 4 CFDs on ETFs without expiration. This broker also allows trading on the New York Stock Exchange (NYSE) and offers trading in cryptocurrency.

Trading Hours at IFC Broker (in Greenwich Mean Time – GMT)

	From	To
Cryptocurrencies	Monday 00:00	Sunday 22:00
Forex	Monday 00:00	Friday 22:00
Commodities	Monday 00:00	Friday 22:00
European CFDs	Monday 09:00	Friday 17:30
U.S. CFDs	Monday 15:30	Friday 22:00

IFC Markets Brokerage Commissions and Fees

IFC Markets Broker offers a unique commission pricing model where prices are provided by liquidity providers in the banking sector. These prices automatically transfer customer orders to the interbank markets. In the table below, we’ve compared the fees of IFC-Markets with those of Fortrade and FXPrimus brokers.

Transaction	IFC Markets Fees	Fortrade Fees	FXPrimus Fees
Deposits	Yes	No	No
Withdrawals	No	No	No
Inactivity Fee	Yes	Yes	Yes
Rank of Fee Level	Low	High	Average

Spreads

All trading styles are welcomed at IFC Broker. However, this broker provides a competitive trading strategy and spread rates. Therefore, you can choose between fixed or floating spreads for CFD trading based on your needs.

The spread offered by this broker will depend on the type of account you choose. The offered spread may also vary on different platforms. In the table below, you can see IFC Markets’ fixed spreads compared to other popular brokers, namely Fortrade and FXPrimus.

Asset or Currency Pair	IFC Markets Spread	Fortrade Spread	FXPrimus Spread
EUR/USD Spread	1.2 pips	2 pips	1.7 pips
Crude Oil (West Texas) spread	6 pips	7 pips	5 pips
Gold Spread	80 pips	45 pips	26 pips

Additional Fees

You should always consider the rollover fee or overnight fee as an additional cost. This fee is charged for positions held for more than a day and depends on whether you’re buying or selling the instrument. Swap rates are charged or paid according to a specific criterion defined for each instrument. Furthermore, customers adhering to Islamic principles can open an Islamic account with IFC Markets, where the broker won’t calculate exchange rates.

Deposits and Withdrawals at IFC Markets Broker

IFC Markets offers a wide range of payment methods supported by leading payment service providers globally. Therefore, IFCM supports transfers between its accounts through wire transfers, Crypto such as Bitcoin and Tether, bank cards, and online payment gateways such as WebMoney, Skrill, Neteller, OKPAY, and Unistream.

Minimum Deposit

The minimum required deposit to open an account at IFC Markets is $1. This amount serves as the starting point for your account, which is determined based on whether you opt for a floating or fixed spread. The minimum deposit, accompanied by applicable commissions or without them, will be diverse through financial replenishment options.

International Bank Transfer:

Processing Time: Usually 2 to 3 business days
Deposit Fee: Depends on your bank’s transfer fees
Minimum Deposit Amount: $100 / €100
Available Withdrawal Method: International bank transfer

Bank Cards:

Processing Time: Instant
Commission: None
Minimum Deposit: $100 / €100 / ¥10,000
Maximum Deposit: $5,000 / €5,000 / ¥500,000
Available Withdrawal Method: Bank card used for deposit
Processing Time: Within 1 hour
Minimum Deposit: $1

Cryptocurrencies (Bitcoin (BTC), Tether (TRC20), Ethereum (ERC20))

Processing Time: Instant
Deposit Fee: None
Minimum Deposit: $100 / €100 / ¥10,000 / 2000 uBTC
Available Withdrawal Method: Cryptocurrencies

TopChange

Processing Time: Instant
Deposit Fee: None
Minimum Deposit: $1
Available Withdrawal Method: TopChange

Perfect Money Payment System:

Processing Time: Instant
Commission: 0.5% to 1.99%
Minimum Deposit Amount: $1 / €1
Maximum Deposit Amount: $5,000 / €5,000
Available Withdrawal Method: Perfect Money

WebMoney Payment System:

Processing Time: Instant
Commission: 20%
Minimum Deposit Amount: $1
Available Withdrawal Method: WebMoney System

Withdrawals at IFC Broker

IFC Markets Broker makes a great effort to keep withdrawal or deposit costs low. However, these promotions apply only to specific withdrawal methods, and there may be variations between the origin countries. Some deposit methods add processing fees, while others are provided free of charge. For example, card withdrawals are free of charge.

For withdrawals, you can use similar methods with optional commissions and minimum allowable transfer amounts defined by each provider. For example, card withdrawal in E-wallet costs $10 with a 2% commission and $7.50 in commission. On the other hand, CashU E-wallet does not charge any fee for this service. Here are the details of all withdrawal methods provided:

Bank Wire Transfer

Processing Time: 2 to 3 business days on average
Commission: Variable
Minimum Withdrawal Amount: $50 / €50

Perfect Money Payment System

Processing Time: Within a few minutes
Commission: 0.5%
Minimum Withdrawal Amount: $1 / €1
Maximum Withdrawal Amount: $5,000 / €5,000

Bank Card to Bank Card Transfer

Processing Time: Usually 1 to 5 business days
Commission: Variable
Minimum Withdrawal: $10 / €10 / ¥5,000
Maximum Withdrawal: $1,000 / €1,000 / ¥100,000 per day

TopChange

Processing Time: Within a few minutes
Commission: 4%
Minimum Withdrawal: $1
Processing Time: Within a few minutes
Commission: Up to 0.8% (max $50)
Minimum Withdrawal: $1

Cryptocurrencies

Processing Time: Less than 1 business day
Minimum Withdrawal: $50 / €50 / ¥5,000 / 1,000 uBTC
Processing Time: Within a few minutes
Commission: None
Minimum Transfer Amount: $1 / €1 / ¥100 / 50 uBTC

Other Payment Systems

Processing Time: Within a few minutes
Commission: Depends on the payment system

IFC Markets Broker Trading Platforms

The range of trading platforms at IFC Markets includes a selection of popular options, such as MetaTrader 4 (MT4) and MetaTrader 5 (MT5). Additionally, IFC Markets is licensed to use the next-generation trading station, NetTradeX. The advantages of IFC Markets’ trading platforms are as follows.

User-Friendly Software
The availability of MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms
The exclusive use of the advanced trading station NetTradeX
Versions suitable for trading on the web, mobile, and desktop
Precise fee reports
Support for multiple languages

Desktop Platform

Most market leaders, like the MT4 and MT5 platforms, likely don’t require much introduction, as they are platforms that offer comprehensive trading features, including multiple functionalities, automated trading, and a multi-terminal system.

So, let’s focus on another viable option: NetTradeX. This platform is highly advanced and tailored to meet the needs of professional traders. It also offers the unique ability to create custom instruments for each portfolio, including standard and synthetic instruments, created by experts to personalize your trading strategy.

The trading terminal also provides automated trading separate from the common functions with a special graphical interface and expert advisors. This trading terminal is equipped with position and order management, custom indicators, and various services.

So, you can work on NetTradeX and simultaneously on both platforms as a primary and secondary platform. The unified language of NetTradeX advisors complements the primary terminal’s functionality. Thus, you can choose to trade manually or set up algorithms with specified code, offering an excellent opportunity by IFC Markets broker.

Web-Based Platform

Web-based platforms have fewer features and functionalities compared to desktop versions. However, the web-based version is excellent for general monitoring and reviewing trading strategies, making it a valuable addition. There is also an option to use IFC Markets broker platforms in iOS and Android mobile applications, which is considered a great feature.

Customer Support at IFC Markets

IFC Markets broker provides customer support in 18 common international languages. Features such as fast responsiveness and multiple contact methods through established entities of IFC Markets worldwide are available.

Education

Since the trading environment is only one important aspect of a successful trade, a professional broker needs to support and educate its customers in various ways. IFC broker’s educational content is organized through the Online Trading Academy, video tutorials, books, and glossaries. These materials, along with daily technical and fundamental analysis and analytical videos created by experts, are offered to customers.

Summary of IFC Markets Broker

In general, IFC Markets broker is a group of developed companies that can provide access to trading a wide range of forex and CFD trading instruments, as well as new markets and a comprehensive stock basket. The broker’s business model is based on transparent and reliable customer relationships through rule-based execution. This type of business, along with a wide range of general and proprietary platforms with powerful features, is offered. IFC Markets broker supports its customers with education and multilingual customer services and offers a choice of accounts.

Advantages

Credible with BVI FSC and LFSA regulations
Over 16 years of experience
Easy deposit and withdrawal in real money
Unique trading tools
Professional liability insurance against risks
NetTradeX trading platform
Numerous trading programs and awards

Disadvantages

Support through Telegram is not fast.

Open Real Account IFC Markets

Open Demo Account IFC Markets

Frequently Asked Questions:

Is the broker IFC Markets regulated and credible?

Yes, this broker is regulated by two institutions: BVI FSC and LFSA, and is subject to regular oversight by these regulators.

Is IFC Markets safe?

IFC Markets is a safe broker with a reliable trading environment. In addition to complying with three regulatory bodies, it also has professional indemnity insurance with AIG Europe Limited.

Does IFC Markets offer deposit bonuses?

Currently, there are no deposit bonuses offered. However, like all brokers, this offer is executed occasionally.

How can I withdraw money from the IFC broker?

IFC Markets offers bank transfers, credit/debit cards, Perfect Money, Boleto, Novin Pasaargad, TopChang, Bitwallet, WebMoney, cryptocurrencies, and Unistream as withdrawal methods.

What is the transaction fee at the IFC broker?

The floating spread is less than 0.4 pips, there is no commission on the spread, the fixed spread starts from 1.8 pips, and the stock commission starts from 0.10% with a minimum of $1 or the equivalent in currency.

Amarkets Broker Complete Review and account opening 2023

Amarkets Broker ❤️ Review and account opening 2024

نویسنده بروکرلند27 March 2024

What you are about to read:

AMarkets, one of the best brokers for beginners of professionals, is a regulated broker that provides brokerage services to clients in over 100 countries across South America, Asia, and Africa. This broker focuses on offering innovative trading services using new technologies and excellent trading conditions.

They offer multiple trading instruments in six asset classes, including Forex, stocks, and cryptocurrencies. They support the MetaTrader 4 and MetaTrader 5 trading platforms. AMarkets broker also provides its trading app for Android and iOS users.

Traders have access to several language options and leverage of up to 1:3000, making it ideal for traders who need trading services in their native language. This review from Brokerland explains everything you need to know about AMarkets and covers all the details. Join us until the end of the article.

AMarkets Broker Introduction

AMarkets is an online broker that offers a wide range of financial services to traders and investors. Founded in 2007, it has grown into a broker with a global presence. The company provides access to various financial markets, including Forex, stocks, commodities, indices, and cryptocurrencies.

This broker is headquartered in Belize City, Belize. It is registered under the name AMarkets LTD and regulated by the International Financial Services Commission (IFSC) of Belize. However, it’s worth noting that while the company is based in Belize, it provides its services to traders worldwide and operates in various legal jurisdictions on a global scale.

Open Real Account in AMarkets

Open Demo Account in AMarkets

Key Features

One of the key features of AMarkets broker is its user-friendly trading platform designed to cater to both novice and experienced traders. The platform offers a wide range of advanced trading tools and features, including real-time market quotes, interactive charts, the best Forex indicators, and customizable trading strategies.

AMarkets broker is known for its competitive trading conditions, such as low spreads, fast execution speed, and no requotes. Traders can choose from various account types, including Standard, Fixed, and ECN, based on their priorities and trading strategies. In terms of regulation, This Broker is regulated by the International Financial Services Commission (IFSC) of Belize, ensuring a certain level of customer protection and transparency in the company’s operations.

AMarkets also provides educational resources and support for traders, including trading tutorials to learn forex, webinars, and market analysis. Additionally, the broker offers a wide range of deposit and withdrawal methods, including popular e-wallets and bank transfers, to facilitate convenient transactions for its customers.

Founded in📆	2007
Headquarters📍	Saint Vincent and the Grenadines
Trading Platforms📈	MetaTrader 4, MetaTrader 5, Copy Trading, AMarkets Mobile App
Minimum Deposit💰	100 Dollas
Website🖥	www.amarkets.org
Supported Languages🌐	English, Arabic, Vietnamese, Indonesian, Spanish, Italian, Chinese, Korean, Malay, German, Persian, Portuguese, Russian, Thai, Turkish, Ukrainian, French
Execution 🎬	NDD، ECN، STP
Base currency💵	Dollar, Euro, Ruble
Customer Support 📞	English, Armenian, Spanish, Kazakh, Persian, Russian, Turkish
Regulation⚖️	Regulated by the Financial Services Authority (FSA) of Saint Vincent and the Grenadines, License No. 22567 IBC 2015
Mobile Trade📲	iOS، Android
Offered Account Types📂
Partnership Programs🤝	Available
Deposit Bonus💸	15%
No Deposit Bonus Amount💳	15% in dollars

AMarkets Trading Platforms

This broker offers support for both MetaTrader 4 (MT4) and MetaTrader 5 (MT5) in addition to a mobile application designed for iPhone and Android users.

AMarkets App: The broker app is an ideal solution for individuals who want to trade through their smartphones. This app is available for iPhone, iPad, and Android devices and provides trading symbols in 7 asset classes. It is available in English, Indonesian, Malay, Persian, Russian, Turkish, and Uzbek. Users of this app have access to 24/7 customer support, real-time prices, live and demo trading, and deposit and withdrawal capabilities.

MetaTrader 4 (MT4): MT4 is considered the best trading platform for beginners and experienced traders. This platform offers 30 indicators and supports 9 time frames. It can be accessed through mobile applications (iOS and Android), web terminals, and PC/MAC downloads at AMarkets.

MetaTrader 5 (MT5): MT5 is an advanced version of the MT4 trading platform. Compared to MetaTrader 4, it offers more up-to-date indicators, timeframes, and strategy testers. Additionally, it provides partial order filling, an in-house economic calendar, built-in social chat MQL5, 6 pending order types, market depth, and hedging options. This platform is ideal for copy traders and algorithmic trading. It is accessible through mobile applications (iOS and Android), web terminals, and PC/MAC downloads at AMarkets.

Trading Accounts

AMarkets Broker offers four types of trading accounts designed for both amateur and professional traders. These include standard, fixed, ECN, and Crypt accounts. The broker also provides an Islamic account option for traders who adhere to Islamic principles in their trading.The four types of trading accounts are:

Standard Account: This account is suitable for both beginner and experienced traders. It features floating spreads (starting from 1.3 pips), zero transaction fees for FX and metals, instant execution, and market support. The minimum initial deposit is $100 or €100, and traders can access leverage up to 1:3000. Trading hours are from Monday at 00:00 to Friday at 23:00 (Eastern European Time – EET). This account is available in both USD and EUR, and customers are protected from negative balances.
Fixed Account: The fixed account is designed for traders who prefer to pay a fixed amount for each trade. It is ideal for position trading and shares many similarities with the standard account, except that it offers fixed forex spreads and only provides 28 Forex symbols, rather than 44.
ECN Account: The ECN account offers direct order execution through the Prime broker, making it suitable for scalpers due to its fast execution speed. The minimum deposit is $200 or €200, with spreads starting from 0 pips. Users of this account pay a commission of $2.5 or €2.5 per lot for each side. It offers all trading symbols and protection against negative balances. The stop out is set at 40%, while the margin call level is 50%.
Crypto Account: The crypto account is based on MBT (1 MBT = 0.001 BTC) and shares many similarities with the standard account. It offers the lowest leverage (1:100) and floating spreads starting from 1.3 pips. Users of the crypto account have access to all trading symbols and protection against negative balances.
Islamic Account (Swap-Free): Traders who wish to adhere to Islamic laws can request an Islamic account. This account type is a variant of standard, fixed, and ECN accounts, with no swap fees or additional commissions. It is not available for crypto accounts. To use an Islamic account with AMarkets broker, you need to open one of the supported accounts and request activation of the Islamic option in your personal account. It’s important to note that swap-free services are not applicable to equities, indices, cryptocurrencies, commodities, and bonds.

Amarkets Broker Regulation

AMarkets is a regulated broker and has taken measures to ensure the security and confidence of its customers. Here are some key regulatory and protection aspects:

Financial Commission: AMarkets Broker has been a member of the Financial Commission since 2013. The Financial Commission is an independent intermediary for financial services that guarantees the transparency and integrity of a broker. The Commission provides a compensation fund for up to €20,000 per trade claim.
Verify My Trade: The submits its financial records to an independent third party, Verify My Trade, for monthly auditing. Monthly audits ensure that AMarkets complies with the best execution standards.
FSA Regulation: The broker is also regulated by the Financial Services Authority (FSA) under the name AMarkets LTD with registration number 22567 BC 2015.

Customer Protection:

AMarkets, as a member of the Financial Commission, is one of the members of the Compensation Fund. This fund is formed by allocating 10% of the monthly membership fee and guarantees insurance coverage of trading disputes up to €20,000 in the event of the broker’s refusal or failure to comply with the Financial Commission’s decision.

Trading Instruments in AMarkets Broker

AMarkets offers a wide range of tradable instruments on its trading platforms, including:

44 currency pairs
7 metals
17 indices
11 commodities
2 bonds
433 stocks
20 ETFs
27 cryptocurrencies

This variety provides traders with multiple options to diversify their portfolios and choose assets that match their trading strategies and preferences.

Leverage

AMarkets Leverage provides one of the largest leverage options in the Forex trading industry. The available leverage depends on your equity and here’s a comparison table for these leverage values:

Equity	Leverage
< $1,000	1:3000
> $1,000< $5,000	1:2000
> $5,000< $10,000	1:1000
> $10,000< $50,000	1:500
> $50,000	1:200

This means that traders with different account sizes can access varying levels of leverage to suit their trading strategies and risk management preferences.

Deposits and Withdrawals at Amarkets Broker

AMarkets also offers free, easy, and convenient deposit and withdrawal options with a wide range of payment methods, making it easier for traders to manage their funds.

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Deposits

AMarkets broker offers a variety of deposit and withdrawal methods. Here’s an overview of the deposit methods, including minimum deposits, currencies, and processing times:

Deposit Method	Currency	Minimum Deposit	Processing Time
Card (VISA, Mastercard)	Any currency	$100 / €100	Instant Availability
USDT (TRC-20, ERC-20)	TRC-20، ERC-20	$100 / €100	Within 1 hour
Bitcoin (BTC)	BTC	$100 / €100	Within 1 hour
Litecoin (LTC)	LTC	$100 / €100	Within 1 hour
Ethereum (ETH)	ETH	$100 / €100	Within 1 hour
ADVcash (USD/EUR)	USD/EUR	$100 / €100	Instant Availability
Perfect Money	USD	$100 / €100	Instant Availability
FasaPay (USD/IDR)	USD/IDR	$100 / €100	Instant Availability
Perfect Money (USD/EUR)	USD/EUR	$100 / €100	Instant Availability
Neteller	USD	$100 / €100	Instant Availability
TopChange (USD)	USD	$100 / €100	Instant Availability

Withdrawal Methods

AMarkets Broker does not charge a transaction fee for withdrawals, but depending on the payment system you use, that system may charge fees. It’s important to note that the fees go to the payment processor, not the broker.

Withdrawals can be processed through your web browser or the broker app. Before making a withdrawal, you need to confirm your payment details. Here are the withdrawal methods along with key details:

Withdrawal Method	Currency	Minimum Withdrawal	Maximum Withdrawal	Fee	Processing Time
MasterCard	Dollar/Euro	$20 / €20	1500 USD 2400 یورو	1.8٪	Up to 24 hours
UZCARD	UZS	260,000 UZS	113,000,000 UZS	1.8٪	Up to 24 hours
USDT (TRC-20, ERC-20)	TRC-20، ERC-20	5 USDT	Unlimited Maximum Withdrawal	0.5٪ – 1٪	Up to 24 hours
Bitcoin (BTC)	Btc	0.002 BTC	Unlimited Maximum Withdrawal	0.5٪ – 1٪	Up to 24 hours
Litecoin (LTC)	LTC	0.1 LTC	Unlimited Maximum Withdrawal	0.5٪ – 1٪	Up to 24 hours
Ethereum (ETH)	ETH	0.02 ETH	Unlimited Maximum Withdrawal	0.5٪ – 1٪	Up to 24 hours
ADVcash (USD/EUR)	Dollar/Euro	$10 / €10	Unlimited Maximum Withdrawal	0.5٪	Up to 24 hours
Skrill (USD/EUR)	Dollar/Euro	$10 / €10	Unlimited Maximum Withdrawal	1%	Up to 24 hours
FasaPay (USD/IDR)	USD، IDR	$10 1,000,000 IDR	Unlimited Maximum Withdrawal	0.5٪	Up to 24 hours
Perfect Money	USD	10 $	Unlimited Maximum Withdrawal	0.5٪	Up to 24 hours
Neteller (USD/EUR)	Dollar/Euro	$10 / €10	Unlimited Maximum Withdrawal	1.8%, with a minimum of 1 USD and a maximum of 30 USD	Up to 24 hours
TopChange	USD	10 $	Unlimited Maximum Withdrawal	0%	Up to 24 hours

Forex Learning

AMarkets broker provides limited educational resources in the field of forex trading. Their educational section consists of blogs on topics related to trading and detailed FAQs. Traders can also participate in webinars organized by the broker.

The broker offers market research on trading symbols, technical and fundamental analysis, major forex news, VPS hosting, copy trading, and AutoChartist. Other resources include an economic calendar, trading calculators, market sentiment indicators, forex experts advisors, trading ideas, and more.

Summary

In summary, AMarkets is a global forex broker suitable for both beginners and experienced traders. It offers a user-friendly platform, a wide range of trading symbols, and supports specialized strategies like copy trading and algorithmic trading, as explained in the article on forex trading with AI. This broker provides high leverage, fast order execution, and direct access to global financial markets.

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Alpari Review ❤️ 2022 Alpari Broker review and account opening guide

Alpari Review ❤️ 2024 Alpari Broker review and account opening guide

نویسنده بروکرلند27 March 2024

Alpari Broker is a reputable and innovative brokerage company that has been providing services to traders and investors worldwide since 1998. They offer a wide range of trading tools and advanced platforms, creating a secure and user-friendly environment for customers to access global markets.

Alpari adheres to regulatory standards and offers educational resources, market analysis, and 24/7 customer support to clients from around the world. Whether you’re a beginner or an experienced trader, Alpari’s comprehensive services and commitment to technological advancements make it a reliable choice and one of the best forex brokers for beginners and experienced traders looking to navigate the dynamic world of trading and achieve their investment goals. In this article of Brokerland, we will provide a thorough and detailed review of this broker, examining all its services and features that matter to traders.

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Alpari Broker Introduction

Alpari Broker is a well-established and globally recognized brokerage company that has been serving the needs of forex traders for several years. Founded in 1998, Alpari has emerged as a prominent player in the financial industry, offering a wide range of services to traders worldwide, including Iran.

Operating on a global scale with its headquarters in the Republic of Mauritius, Alpari provides access to the forex market and various other financial instruments for a diverse clientele. Over the years, Alpari has earned a reputation for its commitment to excellence, innovation, and customer satisfaction, making it a popular choice among traders seeking reliable and comprehensive trading solutions.

With its strong position and years of experience, this brokerage has become highly trusted, offering a multitude of tools, including binary options and forex education. Their research and analysis section is advanced and particularly useful for novice traders. Alpari also offers automated trading, as we explained in our article on artificial intelligence in forex, and actively participates in various projects and initiatives.

📄 Company Registration	BVI
🏛 Regulation and License	FSC، CySEC
🛠 Trading Instruments	60 currency pairs, including crypto currencies, CFDs
🖥 Platform	MT4
📐 EUR/USD Spread	0.8 pips
✅ Demo Account	Available
💵 Base Currencies	Euro, US Dollar
⚠️ Minimum Deposit	50 Dollar
🎓 Academy	Education, Research, Various Tools
☎️ Customer Support	24/5

An additional advantage of Alpari Broker is its involvement in various projects and charitable activities across different social initiatives. Activities such as supporting children, contributing to charitable funds, and sponsoring sports teams in disciplines like football, rugby, chess, and mountaineering hold a significant place within the company.

Is Alpari Broker safe?

Alpari is a completely legal company and brokerage that has been in operation for many years, earning a very good reputation. With its long history and transparent service offerings to millions of customers and users, this brokerage has successfully proven its lawful performance. Especially among traders, Alpari Broker has always enjoyed a very high level of popularity, and its excellent and consistent services over the years have made it an excellent and highly secure choice, well-known among traders.

Alpari Broker is an international company that holds multiple regulatory licenses, allowing it to offer its services on a global scale. Alpari has licenses from the Financial Services Authority of Saint Vincent and the Grenadines and the International Financial Services Commission of Belize. Additionally, it is a member of the Financial Commission for Forex, which is an international organization responsible for resolving disputes in the financial services industry, particularly in the forex market. This means it is an international organization tasked with handling conflicts within the financial services market, specifically in the forex sector.

Leverage

In Alpari Broker, forex trades, in addition to all the attractive features, offer a maximum leverage of up to 1:1000. In general, major forex currency pairs allow leverage levels of up to 1:500, depending on the selected trading instrument. Subsidiary currency pairs often provide leverage of up to 1:400, while commodities are set at 1:100. The table below shows the leverage ratios for major forex currency pairs in this broker’s standard accounts.

Total Volume	leverage	Floating Margin %)
‎0–700 000	‎1:1000	‎0.1
‎700 001–2 000 000	‎1:500	‎0.2
‎2 000 001–7 000 000	‎1:200	‎0.5
‎7 000 001–15 000 000	‎1:100	‎1
‎15 000 001–22 000 000	‎1:25	‎4
‎22 000 001–30 000 000	‎1:10	‎10
‎more than 30 000 000	‎1:1	‎100

Despite this, remember that using leverage, as we’ve always emphasized, should be done intelligently. This is because very high leverage can work against you and significantly increase the risk of your trades.

Alpari Broker’s Trading Markets

Alpari Broker’s trading markets encompass the forex market, currency pairs, instant metals trading, CFD markets, crypto currency trading, and binary options. Additionally, you have the choice between two execution models that you want to use because Alpari offers two order options.

In the first standard option, it considers the overall position of all customer accounts. This means it will execute trades based on the market flow and using the instant execution method, where buy or sell orders are executed at the best available price.

The other option is an automated technology called ECN, which connects Alpari Broker’s servers to the ECN through the MT4 bridge. This means that a trader’s orders are executed at market prices.

Types of Accounts at Alpari Broker

Alpari Broker offers various types of accounts for trading and investment, including PAMM accounts. The available account options are tailored to meet the diverse needs of customers and are offered through a choice of platforms, including MT4, MT5, Binary, and come with varying deposit requirements and features, whether it’s standard trading or PAMM (Percentage Allocation Management Module).

Nano MT4 Trader Account:

Margin for hedging: 50%
Execution method: Instant Execution
Maximum order volume, lots: 100
Maximum open orders: 50
Maximum pending orders: 50
Maximum total order volume, lots: 1000
Stop Out: 10%
Commission: (—)

Standard MetaTrader 4 Account:

Margin for hedging: 50%
Execution method: Instant Execution
Maximum order volume, lots: 50
Maximum open orders: 500
Maximum pending orders: 100
Maximum total order volume, lots: Not specified (-)
Stop Out: 20%
Commission: (—)

Standard MetaTrader 5 Account:

Margin for hedging: 50%
Execution method: Instant Execution
Maximum order volume, lots: 50
Maximum open orders: 500
Maximum pending orders: 500
Maximum total order volume, lots: Not specified (-)
Stop Out: 20%
Commission: (—)

ECN MetaTrader 4 Account:

Margin for hedging: 50%
Execution method: Instant Execution
Maximum order volume, lots: 100
Maximum open orders: 1500
Maximum pending orders: 300
Maximum total order volume, lots: Not specified (-)
Stop Out: 60%
Commission: (—)

Pro ECN MetaTrader 4 Account:

Margin for hedging: 50%
Execution method: Instant Execution
Maximum order volume, lots: 100
Maximum open orders: 1500
Maximum pending orders: 300
Maximum total order volume, lots: Not specified (-)
Stop Out: 60%
Commission: $16 for every 1,000,000 USD

ECN MetaTrader 5 Account:

Margin for hedging: 50%
Execution method: Instant Execution
Maximum order volume, lots: 100
Maximum open orders: 1000
Maximum pending orders: 300
Maximum total order volume, lots: Not specified (-)
Stop Out: 60%

Commission: $16 for every 1,000,000 USDAt Alpari Broker, you can trade in the forex market with any amount of funds in your account, as there is no requirement for a minimum deposit. This is one of the standout features of this broker. Additionally, there is a demo or trial account available, which traders can use instead of a real forex account. Beginner traders can practice through a demo account, gaining sufficient expertise before engaging in real market trading, which helps minimize risks. The table below provides details of the types of accounts and their specifications:

Account Type	Base Currency	Trading Platform	Minimum Balance (USD, EUR)	Leverage	Instruments: Currency Pairs / Metals / CFDs
‎Nano MT4	‎USC (USD cents) EUC (EUR cents)	‎MetaTrader 4	‎0	‎1:500	33 / 2 / 0
standard.mt4	‎USD, EUR	‎MetaTrader 4	‎20	‎1:1000 — 1:10	33 / 2 / 25
‎standard.mt5	‎USD, EUR	‎MetaTrader 5	‎100	‎1:1000 — 1:10	33 / 2 / 25
ecn.mt4	‎USD, EUR	‎MetaTrader 4	‎300	‎1:3000 — 1:2	46 / 2 / 44
‎pro.ecn.mt4	‎USD, EUR	‎MetaTrader 4	‎500	‎1:3000 — 1:2	46 / 2 / 55
ecn.mt5	‎USD, EUR	‎MetaTrader 5	‎500	‎1:3000 — 1:2	46 / 2 / 58

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Opening an Account with Alpari Broker – Step by Step Guide

For your convenience, here’s a step-by-step guide on how to open an account and register with this broker.

Step 1: On the Alpari homepage, click on the “open account” option.

Step 2: In the registration section, enter the required information. Make sure that the spelling of your name and surname in English matches your passport.

Step 3: Enter your nationality.

Step 4: Click on the “Get Code” button and enter the verification code sent to your email in the information entry step.

Step 5: After entering the registration code, your registration with Alpari is complete, and this will be your user dashboard. To open an account, go to the right-hand dropdown menu and select “Open Forex Account” from the “Account Opening” section.

Step 7: In the “Open an Account” section, select the type of account you want, whether it’s a real or demo account, and choose your preferred platform, such as MetaTrader 4 or 5. Also, specify the account currency, either USD or EUR. Finally, click on “Open Account,” and your account will be created.

Step 8: After opening your account, you will see the message below in the box, and you can proceed to fund your account.

Commissions of Alpari Broker

Alpari offers two types of execution, standard or direct market access (ECN), which will determine the applicable spreads, starting from 0.0 pips, depending on your chosen method. For a comprehensive understanding of the commissions, it’s important to consider budgetary fees, inactivity fees, or other charges. The table below outlines the commissions of Alpari Broker.

Commissions	Alpari
Deposit Fees	No
Withdrawal Fees	No
No Inactivity Fees	Yes
Commission Rating	Low

Spreads

Alpari’s trading commissions, which are embedded in the spreads, are classified as highly competitive compared to other market offerings. However, you can compare Alpari’s spreads with those of FP Markets. The trading commissions for standard accounts are visible in the table below.

Asset	Alpari Spread	Pepperstone Spread	GMI Spread
EUR/USD Currency Pair	1.1 pips	0.2 pips	1 pip
West Texas Intermediate (WTI) Crude Oil	1 pip	8 pips	5 pips
Gold	4 pips	1.4 pip	3 pips
Bitcoin (BTC)	21.2 pips	10 USD	626 pips

Overnight Trades

If an order is held for more than one day, you should always consider the cost of overnight trades. For example, shorting the EUR/USD currency pair will cost you 0.65, and holding a long position of 1.31 pips will incur charges.

Methods of Depositing and Withdrawing at Alpari Broker

Let’s assume you need to finance a real trading account, not a demo, for commission-free deposits. In that case, you can choose from the primary payment options along with special offers from the company. However, keep in mind that some payment options might have certain conditions or fees associated with them. Therefore, make sure to check the available payment methods in your region with customer support.

The deposit methods for your account include:

Bank transfers
Credit or debit cards
Electronic payments like Skrill, Neteller, WebMoney, eBanking, and FasaPay

Additionally, traders at Alpari can transfer funds between accounts in USD, EUR, and gold without incurring any fees. The minimum deposit amount starts at $0 for Nano MT4 accounts and ranges from $20 to $500 for ECN accounts.

deposit or withdraw using cryptocurrencies

To deposit or withdraw using cryptocurrencies at this broker, you can select the “Crypto” option from the payment menu in your personal cabinet.

Then, choose the amount of Tether (USDT) that you want to use for your payment.

If you intend to make a deposit, after specifying the amount, the broker will display a wallet address for you. You need to transfer the funds from your wallet to this address.

If you intend to make a withdrawal, after specifying the desired amount, you can select your preferred crypto currency such as Bitcoin or Tether, and then enter the address of your crypto currency wallet, where you want the funds to be transferred to, in the designated field.

Trading Platforms

Alpari offers the most popular and well-known trading platform, MT4, along with its advanced MT5 platform. It doesn’t matter which platform you choose because you can easily place various forex orders on both platforms. Available versions for personal computers, Android, or iOS devices can provide income opportunities from anywhere.

In fact, there’s not much need for elaboration on MT4, as millions of traders worldwide choose this platform for its performance and comprehensive features. Additionally, unlimited Expert Advisors (EAs) are allowed on Alpari, making it appealing to traders with any trading style.

However, some traders prefer the latest generation of the popular previous version, which is the MT5 platform. This platform can provide additional tools with enhanced functionalities for market analysis, making trading even more efficient.

The latest platform, but not the least important one, is the binary trader, specifically developed by Alpari for binary trading. This binary trader offers a user-friendly and straightforward platform, allowing trading via a smartphone application. Therefore, traders of any experience level and capital can open an account and trade effectively with this brokerage. Alpari has offered a range of platforms to cater to different trading strategies and overall trading needs.

customer support

Alpari has designed a truly dedicated customer support system for its traders. For instance, newcomers to the forex market can enroll in one of the investment education courses. These forex training courses not only teach the fundamental principles of forex but also various analysis techniques and patterns like harmonic patterns. These educational offerings can provide unique insights to investors. For example, how to avoid common investment pitfalls or minimize their losses.

Furthermore, Alpari offers extensive analytical and research support through reliable resources. Some of these resources include fundamental analysis provided by forex economic calendars like Trading Central and Autochartist forex signals.

Summary

In summary, the long history of Alpari as a broker, which we thoroughly examined in this article, demonstrates that it has overcome multiple crises and tough periods. Nevertheless, it has managed to provide its global services to hundreds of thousands of customers worldwide. The Alpari brand, despite recent regulatory licensing issues, holds a truly reputable position among forex providers. With all these considerations, we can recommend this broker as a reliable choice for your trading.

Alpari’s solutions cater to various traders’ needs with different execution types and diverse tools. Additionally, Alpari broker showcases excellent learning and support capabilities. Moreover, cashback options, etc., are equally accessible with various Alpari generous programs. This is undoubtedly a positive point for the company and for you as a trader.

Pros:

Regulated by FCA
Operating since 1998
Easy deposit and withdrawal in local currency
No commission for trading
Segregated client funds
PAMM platform and copy trading

Cons:

Limited educational resources
Lack of advanced trading tools

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Frequently Asked Questions

Is Alpari a regulated broker?

Yes, Alpari is regulated by the Financial Conduct Authority (FCA). This financial organization is one of the most reputable regulatory bodies overseeing forex brokers and imposes strict regulations on brokers’ activities.

Is Alpari a trustworthy broker?

Yes, this Alpari review significantly focuses on the broker’s reliability and platform security. Alpari is not only trustworthy and secure but also highly regulated. The company has sufficient capital to support its traders, provides advanced security measures, and keeps client funds segregated.

How can I withdraw money?

According to the review, there are no withdrawal restrictions with Alpari. However, depending on your chosen withdrawal method, there might be minor commissions or fees associated with withdrawals.

Does Alpari offer deposits and withdrawals in the local currency?

Yes, you can easily deposit and withdraw funds in your local currency through the financial section in your user panel.

FXTM Broker complete review

نویسنده بروکرلند27 March 2024

What you are about to read:

In this article, BrokerLand have reviewed all the trading features, fees, platforms, and everything else necessary for choosing a forex broker, in FXTM Broker. We’re taking a closer look at the Forex Time Broker (FXTM), which established in 2011 and it is considered one of the fastest and the best Forex brokers globally with a substantial number of clients. The company has built its core around reliable trading conditions and precise education to learn forex.

Introducing FXTM Broker

Founded in 2011, this company is headquartered in Limassol, Cyprus, and now has a chain of FXTM broker offices across Europe, with a presence in South Africa. FXTM caters to a global audience from over 150 countries, served through its global network of offices in Europe, Africa, and Asia. It’s known as one of the best Forex brokers.

Headquarter	Cyprus and offices across Europe
Regulation	CySEC، FCA، FSCA، FSC، CMA
Trading Platfrom	MT4، MT5
Trading Instruments	more than 1000 financial instruments, including over 50 forex pairs, CFDs, cryptocurrencies, precious metals, stocks, and commodities
EUR/USD Spread	1.5 pips
Demo account	Available
Minimum Deposit	100 Dollar
Base Currency	Different Options
Customer Service	24/5

Benefits and Drawbacks of Forex Time Broker

Forex Time Broker, is a highly regarded and regulated broker known worldwide. Opening an account with them is easy, they require one of the lowest initial deposits, and they offer competitive trading conditions with low spreads. Excellent customer service and quality forex education are among its other advantages. In fact, FXTM broker is one of the leading forex brokers in the industry, with excellent services established globally. Traders from various countries, including the African region, can trade with access to top-notch education. On the downside, FXTM’s withdrawal fees and relatively higher stock spreads can be considered drawbacks.

Benefits of FXTM Broker	Drawbacks of FXTM Broker
Regulated and secure brokerage	Withdrawal fees
Wide range of trading platforms and competitive trading conditions.	Relatively high stock trading spreads
Multiple awards	Lack of 24/7 support
Low minimum deposit
Low Spread
Quality customer support and educational resources

Regulation

FXTM Broker is not a scam; it is a well-regulated broker operating under the names ForexTime Ltd, ForexTime UK Ltd, and Exinity Limited, serving over 10,000 customers from more than 135 countries around the world. It is essential to note that, depending on the regulatory guidelines in each region where FXTM operates, it maintains a high level of trustworthiness.

The primary entity, ForexTime Ltd, is regulated by CySEC in Cyprus, regulated by the FSCA in South Africa, and regulated by the additional offshore regulator, FSC in Mauritius. Moreover, the FXTM UK brand is licensed by a well-known financial conduct organization and adheres to principles set by MiFID and the European ICF, allowing it to conduct brokerage activities.

Forex Time Broker Licenses:

ForexTime Ltd – Licensed by CySEC (Cyprus) Registration No. 185/12.
ForexTime Ltd – Licensed by FSCA (South Africa) Registration No. 46614.
Exinity Capital East Africa Ltd – Licensed by CMA (Kenya) Registration No. 135.
Exinity UK Limited – Licensed by FCA (UK) Registration No. 777911.
Exinity Limited – Licensed by FSC (Mauritius) Registration No. C113012295.

Strengths	Weaknesses
Regulated by multiple authorities	Regulatory standards and protection vary depending on the regulatory body
Regulated by top-level authorities
Compensation plan
Protection against negative balance

In summary, this is a reputable and well-regulated broker offering numerous benefits to traders but has some drawbacks related to fees and support availability. Traders should carefully consider these factors when choosing to work with FXTM Broker.

Types of Accounts at Forex Time Broker

FXTM Broker offers three types of trading accounts: Micro, Advantage, and Advantage Plus, in addition to a demo account. The trading costs vary depending on the type of account chosen by the trader. Trading costs for Micro and Advantage Plus accounts do not include commissions, with spreads starting at 1.5 pips (EUR/USD), which is higher than the average. However, in the Advantage account, the spreads are significantly lower. As mentioned at the beginning of the article, the Persian version of FXTM Broker merged with Alpari a few years ago. Therefore, to open an account, you need to use the broker’s website.

Micro Account: This account is designed for beginner traders with a low minimum deposit ($50) and offers instant execution. It is available only on MT4 and offers spreads that are wider than other brokers, starting at 1.5 pips.

Advantage Plus Account: The first of two market execution accounts at Forex Time Broker, this account has no commissions, but the spreads start at 1.5 pips on EUR/USD, which is broader than most other brokers. The minimum deposit for this account is $500.

Advantage Account: This FXTM Broker account is suitable for more experienced traders. Spreads start at 0.0 pips on EUR/USD, which is more competitive compared to similar brokers. Traders are charged a variable commission of $0.4 to $2 per lot traded, depending on the trading volume. The minimum deposit for this account is 500 pounds.

Demo Account: Traders can practice risk-free trading with real market conditions using the FXTM demo account, where they can try out various trading strategies. Traders can also increase the virtual balance of their demo account from within the MYFXTM portal. As long as traders log into the trading platform at least once every 14 days, their demo accounts will remain active.

Islamic Swap-Free Accounts: All FXTM accounts come with the option of being swap-free. In a swap-free mode, the account does not accrue overnight interest, making it suitable for Muslim traders who want to adhere to Sharia-compliant principles. Depending on the trading instruments used, the swap-free option is usually available for seven days. If positions are held for more extended periods, a swap fee (daily fee) of $12.90 per day will be charged.

In summary, FXTM Broker offers a range of account types to cater to different trading needs, from beginners to experienced traders, and also provides Islamic swap-free accounts for those who follow Sharia-compliant principles. Traders can choose the account type that best suits their trading style and preferences.

	Micro Account	Advantage Account	Advantage Plus Account
Spread	From 1.5	From 0.0	From 1.5
Trading Instrument	FX, Metals	FX, Metals, Indices, Commodities	FX, Metals, Indices, Commodities
Commission	None	Average $0.40 – $2 based on volume.	None
Trading Platform	MT4	MT4	MT4
Currency	US Cent, Euro Cent, British Penny	USD / EUR / GBP	USD / EUR / GBP
Leverage	Up to 1:30 (Fixed)	Up to 1:30 (Fixed)	Up to 1:30 (Fixed)
Execution	Instant Execution	Market Execution	Market Execution
Margin Call	60%	80%	80%
Stop Out	40%	50%	50%
Swap Free	✅	✅	✅
Stop Limit	۱ Spread	❌	❌
Minimum Deposit	$/€/£ 50	$/€/£ 500	$/€/£ 500
Minimum trading lot size per trade	0.01	0.01	0.01
Maximum number of orders	300	Unlimited	Unlimited
Maximum trading lot size per order	10	100	100
Maximum total trading volume with multiple orders	3000	Unlimited	Unlimited
Maximum number of pending orders	100	300	300

Leverage or Margin at Forex Time Broker

Forex Time broker, offers various levels of leverage for trading in the market. Leverage is indeed a valuable tool, especially for traders with smaller capital. It has the potential to increase your potential profits and allows you to trade larger positions with less capital.

At FXTM Broker, the amount of leverage is determined based on various factors, as outlined in the tables below. When using leverage, always keep in mind its risks and potential downsides. As we’ve always emphasized, leverage can multiply your losses in a trade that goes against you, turning it into a double-edged sword. Therefore, it’s essential to consult with our customer support team to determine which level of leverage is suitable for you.

Leverage in the Forex Market:

The text may also contain specific details about the leverage levels offered by FXTM, but it appears to be cut off in the provided text. If you need more information, please provide the complete text.

Leverage	Trading Instrument
1:30	CADCHF، CADJPY، CHFJPY، EURCAD، EURCHF، EURGBP، EURJPY، EURUSD، GBPCAD، GBPCHF، GBPJPY، GBPUSD، USDCAD، USDCHF، USDJPY
1:20	AUDCAD، AUDCHF، AUDNZD، AUDSGD، CHFSGD، EURDKK، EURNOK، EURNZD، EURSEK، EURSGD، GBPNZD، NZDCAD، NZDCHF، NZDSGD، SGDJPY، USDDKK، USDKAU، USDDU، USDP GBPAUD، NZDJPY، NZDUSD، CHFNOK، CHFPLN، EURHKD، EURPLN، GBPDKK، GBPHUF، GBPNOK، GBPPLN، GBPSEK، GBPSGD، HKDJPY، USDCNH، USDHUF، USDMXN، USDPLN، USDSGD، USDZAR

Metals:

Leverage	Trading Instrument
1:20	XAUEUR، XAUGBP، XAUUSD
1:10	XAGEUR، XAGUSD

Indicadesه:

نام شاخص	Ticker	Currency	Category	Leverage
Australia 200	AUS200، AUS200_m	AUD	Spot Index	1:5
France 40	FCHI40، FCHI40_m	Euro (EUR)	Spot Index
Germany 40 (Mini)	GER40_m	Euro (EUR)	Spot Index
Japan 225	Jap225, Jap225_m	JPY	Spot Index
US Tech 100 (Mini)	NQ100_m	US Dollar	Spot Index
Europe 50	STOX50، STOX50_m	Euro (EUR)	Spot Index
UK 100	UK100، UK100_m	GBP	Spot Index
Hong Kong 50	HSI50، HSI50_m	HKD	Spot Index		1:10
Spain 35	SPN35، SPN35_m	Euro (EUR)	Spot Index
India 50	Nifty50_m	US Dollar	Spot Index
FTSE China A 50	CHNA50_m	US Dollar	Spot Index
US Dollar Index	USDnd	US Dollar	Spot Index	1:30

Commodities:

Index Name	Ticker	Currency	Category	Leverage
Brent Crude (spot)	Brent	US Dollar	Commodity Spot	1:10
US Crude Oil (spot)	Crude	US Dollar	Commodity Spot
US Natural Gas (spot)	NatGas	US Dollar	Commodity SpotStocks:

Leverage	Trading Instrument
1:5	US CFD

Trading Instruments at FXTM Broker

Forex Time Broker offers a diverse range of markets and account features.

Forex Pairs: This broker provides a broader selection of forex pairs compared to other brokers.

Spot Metals: A choice of metals for trading, catering to traders interested in these commodities.

Indices: FXTM offers 11 indices, though it has a smaller range compared to some other brokers.

Stock CFDs: The broker offers 172 stock CFDs for trading, which is a somewhat more limited range compared to similar brokers.

Commodities: FXTM offers three of the most common commodities for trading, including Brent Crude, US Crude Oil, and US Natural Gas.

Trading Platforms

Forex Time offers MT4 and MT5 trading platforms to traders and has developed its mobile app called FXTM Trader. This app enhances MT4 with six additional plugins and live pivot point strategies. The mobile app is user-friendly and easy to use.

Available Trading Platforms:

MT4: Yes
MT5: Yes
cTrader: No
Proprietary Platform: No
Mobile Apps: Yes

Web Trading Platforms:

As Forex Time’s trading platform is MT4 or MT5, both versions offer web trading platforms or versions that can be directly installed on any device. If you are a beginner trader, the web trading platform is an excellent option as it’s accessible directly through your web browser without the need for installation or storage.

Desktop Platform

If you need more tools along with powerful customization options, it’s better to choose the desktop version. MetaTrader supports various devices, including PC and MAC, and provides a multi-terminal. With the desktop version, you’ll always have easy access to your account.

The desktop version contains all necessary and useful tools, including risk management, analysis, and unique trading tools like pivot point strategies and Forex signals, along with calculators designed to enhance trading at any level.

Deposits and Withdrawals at Forex Time Broker

Financial transactions at Forex Time Broker are straightforward, offering a wide range of financial options to find the most suitable money transfer provider. There is a variety of payment methods available for funding your trading account, including bank transfers, credit cards, and some e-wallets, allowing you to transfer funds quickly.

Here are some pros and cons of deposits and withdrawals with FXTM Broker:

Pros	Cons
Fast digital deposits, including Skrill, Neteller, and credit cards.	Most withdrawal methods may involve additional commissions.
The first deposit amount is $100.	Methods and fees may vary across institutions.
Free Deposits
Multiple base account currencies.
Withdrawal requests are confirmed within 2 working days.

Deposit Options:

Regarding financial methods, Forex Time offers multiple payment options, which is a positive feature.

Credit/Debit Cards
Bank Wire
Skrill
Neteller
GlobePay, and more

Withdrawal Options:

Forex Time provides a wide range of withdrawal options, including bank transfers, e-wallets, and cards.

Customer Support

One more positive aspect of working with FXTM Broker is their customer-centric philosophy and respectable customer service, available through various means such as live online chat, telephone, email, messenger apps, and more.

Pros:

Quick responses.
Relevant responses.
International telephone support lines and a wide range of languages.
Access to live chat.

Cons:

No 24/7 customer service.

USGFX Broker Review ❤️ Multi branch Australian Broker

نویسنده بروکرلند27 March 2024

What you are about to read:

USGFX broker was founded in 2006 with the primary focus of offering a wide range of instruments and trading services, mainly in the Forex market. This Australian broker is based in Sydney with an office in Shanghai and a satellite office in Hong Kong, providing Forex and CFD trading services.

USGFX broker understands that Forex education and knowledge of market processes are key to success in trading. Therefore, they have developed the unique TradersClub, which offers extensive educational programs for traders at all levels to learn forex. In this article from the Brokerland website, we will review all the features of this broker.

Introducing USGFX Broker

Before considering any Forex broker, thorough research and careful examination to confirm their current status, regulations, and reputation in the industry are crucial. Additionally, keep in mind that Forex trading carries inherent risks, and understanding these risks is essential. Only trade with funds you can afford to lose.

Main Office	Astralia
Regulation and License	ASIC
Trading Instruments	Forex, Metals, Indices, and Bitcoin
Platform	MT4، MT5، WebTrader
EUR/USD Spread	2.2 pips
Minimum Deposit	100 Dollar
Base Currencies	USD، AUD
Demo Account	Available
Education	Market analysis, risk management, along with regular competitions and seminars
Customer Support	24/5

Awards:

Overall, over the years of its operation, USGFX broker has not only gained the trust of global traders but has also earned numerous awards through social support, making it one of the top Forex brokers. USGFX broker has collected the following awards during its years of service to traders:

– Best Forex Broker in 2018
– Best Forex Broker in Australia in 2015
– Best Forex Broker in Asia in 2016 and 2017
– Best Forex Broker and having the Best Trading Platform in 2019 by Forexawards.com.

Leverage at USGFX Broker

Facilities that enable a trader to open larger positions in trades compared to the deposited amount are called leverage. Such leverage products potentially increase a trader’s profit, but of course, they also amplify potential losses.

The amount of leverage is expressed as a ratio, for example, 50:1, 100:1, or 500:1. Assuming a trader has $1000 in their trading account and is trading with a volume of $500,000 USD/JPY, this leverage would be equivalent to 500:1. Trading with USGFX Broker allows you to choose leverage from 1:20 to 1:500, depending on the type of account, as we will discuss further in the various account types.

Regulation

USGFX Broker is regulated as a Forex exchange and CFD broker, authorized by the Australian Securities and Investments Commission (ASIC) and holds an Australian Financial Services License (AFSL).

As we have always emphasized, compliance with regulations and valid licenses is the first thing to check when selecting a broker. Being regulated and adhering to strict regulations is essential for providing multiple ways to protect client funds and creating a healthy, transparent environment. This is something you will not find in unregulated brokers.

Aside from the security provided as per regulatory requirements, USGFX Broker has also implemented protection against negative balances, which brings peace of mind because in this feature, losses cannot exceed the account balance.

Trading Platforms at USGFX Broker

Now, let’s examine which software and trading platforms USGFX Broker uses. This broker has chosen the trusted trading platforms MetaTrader 4 and MetaTrader 5, which are well-known to traders from all over the world and offer endless features. Mobile versions of these platforms are also available for those who prefer trading on their mobile devices.

Furthermore, USGFX Broker offers social trading, a concept somewhat similar to a social network for traders. It allows traders who may not have the time or continuous market monitoring capabilities to easily follow the strategies of professional traders. These options are provided through two leading providers in this field: ZuluTrade and MyFXbook.

Types of Accounts at USGFX Broker

USGFX Broker offers five types of accounts, each catering to diverse trader needs. Below, we’ll outline the features and conditions of each account type, including the Mini, Standard, VIP, Pro-ECN, and VIP-Low Account.

Mini Account

– Minimum Deposit: $100
– Maximum Account Balance: Not specified
– Spreads from: 0.01
– Minimum Lot Size: 0.01
– Leverage: 1:500
– Available for Personal, Joint, and Corporate accounts

Standard Account

– Minimum Deposit: $500
– Maximum Account Balance: Not specified
– Spreads from: 0.01
– Minimum Lot Size: 0.01
– Leverage: 1:500
– Available for Personal, Joint, and Corporate accounts

VIP Account

– Minimum Deposit: $20,000
– Maximum Account Balance: Not specified
– Spreads from: 0.01
– Minimum Lot Size: 0.01
– Leverage: 1:100, 1:200, 1:400, 1:500
– Available for Personal, Joint, and Corporate accounts

Pro-ECN Account

VIP-Low Account

– Minimum Deposit: $100,000
– Maximum Account Balance: Not specified
– Spreads from: 0.01
– Minimum Lot Size: 0.01
– Leverage: 1:100, 1:200, 1:400, 1:500
– Available for Personal, Joint, and Corporate accounts

VIP-Low Account	Pro-ECN Account	VIP Account	Standard Account	Mini account
۵۰۰۰۰ $	$	۵۰۰۰۰ $	۱۰۰۰۰ $	۱۰۰ $	Minimum Deposit
Not specified	Not specified	Not specified	Not specified	Not specified	Maximum Account Balance
۰.۵ pips	۱.۵ pips	۱.۳ pips	۲.۲ pips	۲.۸ pips	Spread from
۰.۰۱	۰.۰۱	۰.۰۱	۰.۰۱	۰.۰۱	Minimum Lot Size
۱:۵۰۰	1:100	1:100, 1:200, 1:400, 1:500	1:100, 1:200, 1:400, 1:500	1:100, 1:200, 1:400, 1:500	Leverage
100,000	100,00	100,000	100,000	100,000	Standard Lot size
Available for Personal, Joint, and Corporate accounts	Available for Personal, Joint, and Corporate accounts	Available for Personal, Joint, and Corporate accounts	Available for Personal, Joint, and Corporate accounts	Available for Personal account	Account type

Fees

Spreads at USGFX Broker vary depending on the type of account you use for trading, as outlined in the account types section. You can also find spreads for commonly traded symbols in the table below.

Additionally, always consider rollover fees, also known as overnight fees, as part of your costs. These fees are charged uniformly for positions held overnight and are 0.8 for short positions and 0.18 for long positions in the EUR/USD pair. You can compare these fees with other brokers that we have introduced and reviewed on the Brokerland website.

pairs	spreads at USGFX
EUR/USD	2.2 pips
Gold	5 pips
BTC/USD	$10 commission

Deposits and Withdrawals at USGFX Broker

Traders at USGFX Broker can use various convenient methods for depositing or withdrawing funds from their trading accounts. These methods include:

– Bank Wire Transfers
– Credit Card or Cash Payments
– WebMoney
– Money Polo
– Perfect Money
– FasaPay
– Skrill, Neteller
– Online Banking Systems in Thailand, Malaysia, Indonesia, Vietnam, and MoneyNetint.

Please note that the availability of these methods may vary depending on your location and the specific regulations of the broker. It’s essential to check with the broker directly for the most up-to-date information on deposit and withdrawal options.

Withdrawal:

Withdrawal	Withdrawal Costs at USGFX Broker	Estimated Processing Time
	40 USD.	3-5 working days
	No fees are charged for deposits (only when the above-mentioned commercial conditions are not met, both deposit and withdrawal fees will be applied to the customer).









	0.00040000 BTC
	0.00040000 Bitcoin Gas Fee / TX Cost Please note: Coin payment is not secure by design. Please make sure you have entered the USDT-Omni address correctly. When using the USDT-Omni withdrawal method with a USDT-ERC20 address, the transfer will fail, and the funds will not be recoverable.
	Gas Fee: + Ethereum Gas Fee / TX Cost To pay for Gas and send it, you need to have some Ethereum in the same USDT.ERC20 address, not just in your account balance but in that same address. If necessary, you can withdraw Ethereum to your USDT.ERC20 address. Please note: Coin payment is not secure by design. Please make sure you have entered the correct USDT-ERC20 address. When using the USDT-ERC20 withdrawal method with an incorrect address, the transfer will fail, and the funds are not recoverable.
	Depending on market fluctuations

Deposit:

Deposit	Deposit Costs at USGFX Broker	Estimated Processing Time
Bank Info	No fees are charged for deposits (only when the above-mentioned commercial conditions are not met, both deposit and withdrawal fees will be applied to the customer).	1-3 working days.
		Immediate to 2 hours.
		on working days
		instant
		instant
		instant
		instant
		instant
		instant
		instant
		instant
	0.5%	Immediate to 30 minutes.
		Immediate to 30 minutes.
		Immediate to 30 minutes.
	Please be aware that cryptocurrency transaction fees may vary depending on the settings of your Android cryptocurrency wallet or hardware crypto wallet.	instant
	Based on the range from 2.4 to 7.5.	instantTrading Instruments

Trading Instruments

USGFX Broker offers a variety of trading instruments across different markets. These include:

1. Forex (FX): The forex market involves the exchange of currencies, and USGFX provides access to various forex pairs for traders to speculate on currency price movements.

2. Commodities: Traders can invest in commodities, such as precious metals (like gold) and other tradable commodities. These markets offer opportunities for diversification and hedging against inflation or economic uncertainties.

3. Indices: Stock market indices represent the performance of a specific group of stocks and are used to gauge the overall health of financial markets. USGFX offers trading on various stock market indices.

4. Energy: Energy markets include trading opportunities in commodities like crude oil and natural gas. Prices in energy markets are influenced by political, environmental, and economic factors, providing potential trading opportunities.

5. CryptoCurrencies: USGFX allows traders to invest in popular cryptocurrencies, including Bitcoin (BTC), Litecoin (LTC), Ripple (XRP), Ethereum (ETH), and Bitcoin Cash (BCH). These cryptocurrencies have gained popularity as alternative investments.

USGFX provides a range of trading options across these markets, allowing traders to diversify their portfolios and take advantage of various market conditions. It’s essential for traders to conduct thorough research and analysis before participating in any market to make informed trading decisions.

Minimum Deposit at USGFX Broker

When it comes to the minimum deposit amount, you can easily start trading with $100, which allows access to a mini trading account. While the types of accounts offered by USGFX broker require higher rates to get started, you can see them listed above.

Summary of USGFX Broker Review

After examining the USGFX broker, it can be confidently stated that it is a secure broker with excellent services for traders worldwide. It offers various account types and endless features for strategies and traders with any level of capital. Furthermore, USGFX broker provides an advanced account offer through various conditions, trading volumes, and initial capital.

Capital Extend ‌Broker review

نویسنده بروکرلند27 March 2024

What you are about to read:

Capital Extend Broker is a Forex broker that offers top forex trading platforms, including MT4 and MT5. They provide access to over 30 forex currency pairs, CFDs, stocks, indices, commodities, energy, gold, silver, oil, cryptocurrencies like Bitcoin, and other currencies for investment. In this article of Brokerland website, we will introduce Capital Extend Broker completely.

Introduction to Capital Extend Broker

Capital Extend Broker is considered one of the best Forex brokers, with 15 years of experience in offering a wide range of symbols and trading services, primarily focusing on forex trading. The experienced team at Capital Extend Broker has been providing online trading services to traders since 2005, making them one of the leading providers of trading services in international markets.

Capital Extend Broker understands that education in forex and knowledge of market processes are key to success in trading. Therefore, they offer forex education in their Forex Academy section to learn Forex and provide forex news updates.

Minimum Trade Size: 0.01

Minimum Deposit at Capital Extend Broker: $100

Address: Suite 305, Griffith Corporate Centre, Beachmont, Kingston, St. Vincent, and the Grenadines

Regulator: FC

Restricted Countries: Canada, Turkey, St. Vincent, Japan

Trading Platform: MT4

Maximum Leverage at Capital Extend Broker: 1000:1

Mobile Trading: Yes✅

ECN: Yes✅

Currencies: 35+

Crypto Currencies: 65+ including Bitcoin, Litecoin, Ethereum

CFDs: 105+ including gold, silver, other precious metals, stocks, stock indices, oil, other commodities

Forex Expert Advisors / Robots: Yes✅

Scalping: Yes✅

Copy Trading: Yes✅

Deposit Methods at Capital Extend Broker: Bank Transfer/SWIFT, VISA, MasterCard, Bitcoin, Ethereum, Litecoin, Local Bank Transfers, Monero, other cryptocurrencies, PerfectMoney, Ripple (XRP), Tether (USDT)

Withdrawal Methods at Capital Extend Broker: Bank Transfer/SWIFT, VISA, MasterCard, Bitcoin, Ethereum, Litecoin, Local Bank Transfers, Monero, other cryptocurrencies, PerfectMoney, Ripple (XRP), Tether (USDT)رگولاسیون

As we’ve always emphasized, adhering to valid guidelines and licenses is the first thing to check when choosing a broker, and this will also be the case when reviewing Capital Extend Broker. Being regulated and having strict regulations necessitate various ways to protect customer funds and create a healthy, transparent environment, which is never the case with unregulated brokers.

Therefore, before considering any forex broker, thorough research and careful examination to confirm their current status, regulations, and reputation in the industry are essential. Furthermore, please be aware that forex trading carries inherent risks, and understanding these risks is crucial. Only invest funds that you can afford to lose. Capital Extend Broker is regulated, and their licenses are as follows:

Financial Services Commission (FSC) License, the regulatory authority of the Republic of Mauritius.

This license confirms the compliance of the services provided by Capital Extend Broker with the laws and standards of the financial services sector.

Membership Certificate of the Financial Commission

Capital Extend is proud to be a member of the Financial Commission, which fully addresses the concerns of traders, protecting them. Capital Extend Broker ensures the safety of your funds.

LLC License from St. Vincent and the Grenadines

This certificate proves that Capital Extend Broker is legally registered under the supervision of St. Vincent and the Grenadines.

Legal Certificate from Kazakhstan

According to this certificate, Capital Extend Broker is authorized to operate based on a set of regulatory laws.

Leverage at Capital Extend Broker

Leverage is a facility that allows a trader to open larger positions in trades compared to the amount deposited to open the trade. Such leveraged products potentially increase a trader’s profit, but they also increase the potential loss. The amount of leverage is expressed as a ratio, such as 50:1, 100:1, or 500:1. For example, assuming a trader has $1,000 in their trading account and is trading with a volume of $500,000 USD/JPY, the leverage would be 500:1.

When trading with Capital Extend Broker, you have the ability to choose your leverage, which may vary depending on the type of account you have. In the tables below, you can see the leverage amounts for major currency pairs and other currency pairs in Forex.

Leverage for Major Currency Pairs

Leverage for Other Pairs

Trading Platforms at Capital Extend ‌

Now, let’s see which software and trading platforms Capital Extend Broker uses. This broker has chosen the reliable trading platforms MetaTrader 4 and MetaTrader 5, which are well-known and offer numerous features. These platforms are used and trusted by traders from all countries.

Furthermore, Capital Extend Broker offers social trading and copy trading features, which are excellent choices for those interested in these areas. They also provide a demo account for traders to practice and learn before committing real funds.

Types of Accounts

Capital Extend Broker offers four types of trading accounts, each catering to diverse trader needs. Below, you’ll find the features and conditions of each account:

1. Standard Account

Minimum Deposit: $100
Leverage: Floating up to 1:5000
Platforms: MT4
Account Currency: USD
Commission: N/A
Execution: Market Orders
Spread: From 2.5 pips
Margin Call: 100%
Stop Out: 20%
Swap-Free: Available
Stop & Limit Levels: 1 spread
Pricing: 5 decimal places for Forex (3 decimal places for JPY pairs), 2 decimal places for Gold, 3 decimal places for Silver
Tradable Instruments: Forex, Precious Metals, Commodities, Indices, U.S. and European Company Stocks CFDs, CryptoCurrencies, CFDs

2. ECN Account

Minimum Deposit: $200
Leverage: Floating up to 1:5000
Platforms: MT4/MT5
Account Currency: USD
Commission: N/A
Execution: Market Orders
Spread: From 1.6 pips
Margin Call: 100%
Stop Out: 50%
Swap-Free: Available
Stop & Limit Levels: 1 spread
Pricing: 5 decimal places for Forex (3 decimal places for JPY pairs), 2 decimal places for Gold, 3 decimal places for Silver
Tradable Instruments: Forex, Precious Metals, Commodities, Indices, CryptoCurrencies CFDs, U.S. and European Company Stocks, CFDs

3. Pro ECN Account

Minimum Deposit: $500
Leverage: Floating up to 1:5000
Platforms: MT4/MT5
Account Currency: USD
Commission: $3 fixed per side of the trade
Execution: Market Orders
Spread: From 0.1 pips
Margin Call: 100%
Stop Out: 50%
Swap-Free: Available
Stop & Limit Levels: 1 spread
Pricing: 5 decimal places for Forex (3 decimal places for JPY pairs), 2 decimal places for Gold, 3 decimal places for Silver
Tradable Instruments: Forex, Precious Metals, Commodities, Indices, CryptoCurrencies CFDs, U.S. and European Company Stocks, CFDs

4. Platinum Account

Minimum Deposit: $25,000
Leverage: Floating up to 1:500
Platforms: MT4
Account Currency: USD
Commission: N/A
Execution: Market Orders
Spread: From 0.1 pips
Margin Call: 100%
Stop Out: 50%
Swap-Free: Not available
Stop & Limit Levels: N/A
Pricing: 5 decimal places for Forex (3 decimal places for JPY pairs), 2 decimal places for Gold, 3 decimal places for Silver
Tradable Instruments: Forex, Precious Metals, Commodities, Indices, CryptoCurrencies CFDs, U.S. and European Company Stocks, CFDs

These account types offer various features to suit different trading preferences and risk tolerance levels. Traders can select the account that best aligns with their needs and trading style.

Features	Standard Account	ECN Account	PRO ECN Account	Platinum Account:
Trading Platform	MT4	MT4/MT5	MT4/MT5	MT4
Account Currency	USD	USD	USD	USD
Minimum Deposit	$100	$200	$500	$25000
Maximum Deposit	❌	❌	❌	❌
Commission	❌	❌	3 $ Fixed-Per side	❌
Execution	Market Orders	Market Orders	Market Orders	Market Orders
Spread	from 2.5	from 1.6	from 0.1	from 0.1
Margin Call	100%	100%	100%	100%
Stop Out	20%	50%	50%	50%
Swap-Free	✅	✅	✅	❌
Stop & Limit Levels	1 Spread	1 Spread	1 Spread	❌
pricing	5 decimals for FX (3 on JPY pairs), Spot Metals: 2 decimals for XAUUSD and 3 decimals for XAGUSD	5 decimals for FX (3 on JPY pairs), Spot Metals: 2 decimals for XAUUSD and 3 decimals for XAGUSD	5 decimals for FX (3 on JPY pairs), Spot Metals: 2 decimals for XAUUSD and 3 decimals for XAGUSD	5 decimals for FX (3 on JPY pairs), Spot Metals: 2 decimals for XAUUSD and 3 decimals for XAGUSD
Trading Instruments	FX – Spot Metals – Spot commodities – CFD Indices – US shares – EU shares & Cryptocurrencies	FX – Spot Metals – Spot commodities – CFD Indices & Cryptocurrencies	FX – Spot Metals – Spot commodities – CFD Indices & Cryptocurrencies (MT5)	FX – Spot Metals – Spot commodities – CFD Indices
Min. Vol. in Lots per Trade	0.01	0.01	0.01	0.01
Step Lot	0.01	0.01	0.01	0.01
Max. Vol. in Lots per Trade	Unlimited	Unlimited	Unlimited	Unlimited
Max. No. of Orders	Unlimited	Unlimited	Unlimited	Unlimited
Max. Vol. in Lots of Orders	Unlimited	Unlimited	Unlimited	Unlimited
Maximum number of pending orders	Unlimited	Unlimited	Unlimited	Unlimited

Fees at Capital Extend Broker

Spreads at Capital Extend Broker, as mentioned earlier, vary depending on the type of account through which you conduct your trades. We have outlined these account types in the “Types of Accounts” section. Additionally, always consider rollover fees, also known as overnight fees, as a cost in your trading activities, particularly for trades that are held overnight. You can find these swap fees in the table below for both short and long positions and compare them with other brokers that we have introduced and reviewed for you on the BrokerLand website.

Pair	Full Name	Trade Vol.	Thick Size	Long Swap	Short Swap	Trading Platform
AUDJPY	Australian Dollar vs Japanese Yen	100000	0.001	-3	-4	MT4 / MT5
AUDUSD	Australian Dollar vs US Dollar	100000	0.00001	-5	-3	MT4 / MT5
EURAUD	Euro vs Australian Dollar	100000	0.00001	-8	0	MT4 / MT5
EURCAD	Euro vs Canadian Dollar	100000	0.00001	-8	0	MT4 / MT5
EURCHF	Euro vs Swiss Franc	100000	0.00001	-4	-4	MT4 / MT5
EURGBP	Euro vs Great Britain Pound	100000	0.00001	-7	-1	MT4 / MT5
EURUSD	Euro vs US Dollar	100000	0.00001	-6	-1	MT4 / MT5
GBPCHF	Great Britain Pound vs Swiss Franc	100000	0.00001	-1	-11	MT4 / MT5
GBPJPY	Great Britain Pound vs Japanese Yen	100000	0.001	-3	-9	MT4 / MT5
GBPUSD	Great Britain Pound vs US Dollar	100000	0.00001	-5	-5	MT4 / MT5
NZDUSD	New Zealand Dollar vs US Dollar	100000	0.00001	-2	-4	MT4 / MT5
USDCAD	US Dollar vs Canadian Dollar	100000	0.00001	-4	-4	MT4 / MT5
USDCHF	US Dollar vs Swiss Franc	100000	0.00001	-1	-6	MT4 / MT5
USDJPY	US Dollar vs Japanese Yen	100000	0.001	-2	-6	MT4 / MT5

Deposits and Withdrawals at Capital Extend

Traders have the convenience of using several payment methods for depositing or withdrawing funds from their trading accounts at Capital Extend. The table below provides details on all available methods, along with their processing times and associated fees.

Deposits

Withdrawals

Markets and Trading Instruments

Most brokers offer all or some types of the following market instruments for trading, and this is also the case with Capital Extend Broker. Below, we will review contract sizes, tick sizes, and swaps in the various markets offered by Capital Extend.

Forex

Forex trading, also known as currency trading or FX trading, involves the foreign exchange market where individuals, companies, and financial institutions exchange currencies at floating rates. Capital Extend Broker provides traders with the opportunity to trade various forex currency pairs.

Stock CFDs

Contracts for Difference (CFDs) are a type of derivative trading that allows you to speculate on the price movements of global financial markets. One of these instruments is stock CFDs, which can be traded through Capital Extend Broker.

SYMBOL	FULL NAME	CONTRACT SIZE	TICK SIZE	CURRENCY	MARGIN (%)	SWAP LONG (POINTS)	SWAP SHORT (POINTS)	TRADING PLATFORM
AAL	American Airlines Group	100	0.01	USD	20	-1	-1	MT4 / MT5
AAPL	Apple	100	0.01	USD	20	-1	-4	MT4 / MT5
AMZN	Amazon	100	0.01	USD	20	-30	-100	MT4 / MT5
BA	Boeing Company	100	0.01	USD	40	-2	-7	MT4 / MT5
FB	Meta Platforms	100	0.01	USD	20	-3	-9	MT4 / MT5
FDX	FedEx Corporation	100	0.01	USD	20	-3	-9	MT4 / MT5
JNJ	Johnson & Johnson	100	0.01	USD	20	-2	-5	MT4 / MT5
JPM	JPMorgan Chase & Co	100	0.01	USD	20	-2	-5	MT4 / MT5
KO	Coca-Cola Company	100	0.01	USD	20	-1	-2	MT4 / MT5

Commodities

Similar to the currency exchange markets, commodity markets offer different investment opportunities for traders. Investing in tradable commodities based on contracts is a reliable method for risk reduction during times of inflation or economic uncertainty, which you can engage in through Capital Extend Broker.

Indices

Stock indices are real market indicators measuring the value of a specific portion of the stock market. They can represent a specific set of the largest companies in a country or be representative of a particular stock market.

Metals

Trading gold and other precious metals involves trading hard assets that are commodity-based contracts, available through most brokers and Capital Extend as well.

SYMBOL	Full Name	CONTRACT SIZE	Tick Size	SWAP LONG (POINTS)	SWAP SHORT (POINTS)	Trading Platform
XAUUSD	Gold vs US Dollar / Spot	100	0.01	-6	-3	MT4 / MT5
XAUEUR	Gold vs Euro / Spot	100	0.01	-1	-8	MT4 / MT5
XAUGBP	Gold vs Great Britain Pound / Spot	100	0.01	-3	-1	MT4 / MT5
XAGCHF	Silver vs Swiss Franc / Spot	5000	0.001	-1	-1	MT4 / MT5
XAUAUD	Gold vs Australian Dollar / Spot	100	0.01	-6	-5	MT4 / MT5
XAUCHF	Gold vs Swiss Franc / Spot	100	0.01	-1	-7	MT4 / MT5

Energy:

High price fluctuations in energy prices due to political and environmental factors, supply and demand, extreme weather conditions, and global economic growth are characteristics of this product that have made it one of the popular trading options.

SYMBOL	Full Name	CONTRACT SIZE	Tick Size	MARGIN (%)	SWAP LONG (POINTS)	SWAP SHORT (POINTS)	Trading Platform
WTIUSD	Oil – US Crude	1000	0.001	5	32	-102	MT4 / MT5
BRNUSD	Oil – Brent Crude	1000	0.001	5	42	-124	MT4 / MT5
NGCUSD	Natural Gas	10000	0.0001	4	-2	-1	MT4 / MT5

CryptoCurrencies:In Capital Extend broker, you can also trade CryptoCurrencies. The table below provides details about these cryptocurrencies.

SYMBOL	Full Name	CONTRACT SIZE	Tick Size	MARGIN (%)	Commission (%)	SWAP LONG (POINTS)	SWAP SHORT (POINTS)	Trading Platform
BTCUSD	BitCoin vs US Dollar	1	0.001	10	0.5%	-21501	-21501	MT4 / MT5
BTCEUR	BitCoin vs Euro	1	0.001	10	0.5%	-19149	-19149	MT4 / MT5
BCHUSD	BitCoin Cash vs US Dollar	1	0.001	10	0.5%	-164	-164	MT4 / MT5
BCHEUR	BitCoin Cash vs Euro	1	0.001	10	0.5%	-147	-147	MT4 / MT5
ETHUSD	Ethereum vs US Dollar	1	0.001	10	0.5%	-1479	-1479	MT4 / MT5
ETHEUR	Ethereum vs Euro	1	0.001	10	0.5%	-1318	-1318	MT4 / MT5
LTCUSD	LiteCoin vs US Dollar	1	0.00001	10	0.5%	-5797	-5797	MT4 / MT5
XRPUSD	Ripple vs US Dollar	1	0.00001	10	0.5%	-39	-39	MT4 / MT5

Minimum Deposit at Capital Extend Broker

When it comes to the minimum deposit amount, you can start trading with as little as $100, which grants you access to the standard trading account. The various account types offered by Capital Extend may require higher initial deposits, and you can see them in the table above.

Summary of Capital Extend Broker Review

After reviewing Capital Extend broker, it can be confidently said that it is a secure broker with excellent services for traders worldwide. It offers various account types and endless features to accommodate traders with various capital and strategies. If you have experience with Capital Extend broker, feel free to share your feedback and opinions with us.

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