brokerage

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.

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.

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.

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.

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:

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.

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 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:

1. Windsor-Brokers (BZ) Ltd – Licensed by FSC (Belize)
2. Windsor-Brokers Ltd – Regulated by CySEC (Cyprus) Registration No. 030/04
3. Seldon Investments Limited – Licensed by JSC (Jordan) Registration No. 18/01855/1/3
4. Windsor-Brokers International Ltd – Licensed by FSA (Seychelles) Registration No. SD072
5. 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.

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.

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.

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.

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.

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 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.

RoboForex Trading Instrument

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

1. Stocks
2. Indices
3. Futures
4. ETFs
5. Precious Metals (gold, silver, and over 20 ETFs on platinum, palladium, copper, and nickel)
6. Energy (natural gas, ethanol, and more)
7. Commodities
8. Cryptocurrencies (such as Bitcoin, Ethereum, and more)
9. 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.

Spread

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

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

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:

1. Log in to your user account.
2. Select “Withdraw Funds” from the menu tab.
3. Enter the withdrawal amount.
4. Choose the withdrawal method.
5. Complete the electronic withdrawal request with the necessary details.
6. Confirm and submit the withdrawal information.
7. 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.

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.

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, 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.

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 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.

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.

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.

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.

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

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:

1. Right-click on the symbol you’re interested in within the Market Watch window and select “Specification.”
2. 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:

• 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:

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))

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.

• Live Floating/Fixed Spread Accounts at IronFX Broker

• CSTP/ECN Accounts at IronFX

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.

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.

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.

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.

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.

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:

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• Metals:

• Indicadesه:

• Commodities:

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:

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 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

– 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

• 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

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.

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 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.

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.

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.

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.

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.

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.

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

The world of foreign exchange trading, also known as forex, has gained significant popularity and recognition in recent years. As more individuals discover the potential for substantial profits in the global currency markets, the role of forex brokers becomes increasingly central. As we all know, this market is filled with options and various top brokers, some of which we have introduced on the BrokerLand website. Here, we intend to examine another one of the best forex brokers for beginners and professionals, called Ingot Broker.

Introduction to Ingot Broker

Ingot Broker was founded in 2006 and is an Australian forex broker that offers trading services in the forex and CFD markets. This company has expanded its presence to various international regions, including Asia, MENA (Middle East and North Africa), and international business hubs, through its offices in New Zealand, Switzerland, and Bahrain.

With a keen eye on the potential of financial markets, Ingot Broker provides the opportunity to trade a wide range of instruments, including ETFs, CFDs, futures, commodities, metals, energy, and forex, along with crypto currency trading. INGOT also exclusively offers trading solutions tailored to MENA countries for stocks and indices, including the United Arab Emirates, Egypt, Saudi Arabia, Qatar, and Kuwait.

In terms of offerings, Ingot, emphasizing transparent trading conditions, provides an NDD (No Dealing Desk) environment for order execution with competitive pricing starting from 0 pips and flexible leverage.

Regulation and licensing are the first things to check when choosing a broker. INGOT Broker, with over a decade of operations and a good reputation, is considered a low-risk Forex environment, on par with brokers like Alpari and IFC Markets. It is a licensed brokerage firm regulated by the Australian Securities and Investments Commission (ASIC). Additionally, INGOT Global Ltd is licensed by the Financial Services Authority of Seychelles (FSA), with the securities dealer’s license number “SD117”.

Is INGOT Broker a global broker?

Yes, INGOT Broker is a global trading platform, operating in 194 countries across Africa, Asia, Oceania, and Europe, with over 10,000 users. Some of the major countries covered by INGOT Broker include the United Kingdom, Germany, Australia, South Africa, Thailand, and China. In total, it has more than 10,000 users.

Pros and cons

INGOT Broker is a reliable and regulated broker with good trading technology, market access, and an excellent range of trading instruments. It offers various account types, low spreads, and educational resources among its services and advantages.

On the other hand, like any broker, INGOT Broker has both positive and negative aspects. Some of the negatives include the lack of 24/7 customer support, limited market range (focused on FX and CFDs), and international trading through an off-shore entity with varying conditions depending on the account type and entity.

Overall, INGOT Broker is considered a reputable and global broker with many advantages for traders.

Leverage in INGOT Broker

Regarding the leverage levels offered by this broker, which allow you to trade with a much larger volume compared to your account balance, it’s important to note that the leverage can vary depending on your trading location, specifically Australia and Seychelles.

• Australian traders have a maximum leverage of 1:30 for forex trading.
• International traders operating through standard accounts may have access to leverage up to 1:500 for trading currency pairs.

Types of accounts offered by INGOT

INGOT Broker offers various types of trading accounts to cater to the needs and preferences of different traders. Here are some common types of trading accounts provided by this broker:

1. Prime Account: This is a basic trading account offered by INGOT Broker, suitable for beginners or traders who prefer standard trading conditions. It typically provides access to a wide range of financial instruments, including forex, stocks, commodities, and indices. This account may have either fixed or variable spreads, depending on market conditions.

• Minimum Deposit: $20000
• Spreads Type: Start from 0
• Available Products: Forex ,Spot Metals ,Spot Indices, spot Energies, Future Metals, Future Indices, Future Softs, Future Energies,Future Grains ,Stocks, ETFs
• Minimum Lot Size: 0.01
• Leverage: Up to 1:200
• EAs Allowed? Yes
• Hedging Allowed? Yes
• Negative Balance Protection Available? Yes
• Is it a Swap-Free Free Account? No
• Stop Out Level: 25%

2. ECN Account: The ECN account, which stands for Electronic Communication Network, is designed for traders seeking direct access to liquidity providers and interbank markets. Offered by INGOT Broker, this account comes with tighter spreads, faster execution speeds, and greater transparency in pricing. ECN accounts can be useful for advanced traders or those engaged in high-frequency trading.

• Minimum Deposit: $100
• Spreads Type: Start from 0
• Available Products: Forex ,Spot Metals ,Spot Indices, spot Energies, Future Metals, Future Indices, Future Softs, Future Energies,Future Grains ,Stocks, ETFs
• Minimum Lot Size: 0.01
• Leverage: Up to 1:200
• EAs Allowed? Yes
• Hedging Allowed? Yes
• Negative Balance Protection Available? Yes
• Is it a Swap-Free Free Account? No
• Stop Out Level: 25%

3. Professional Account:  INGOT Broker, offer Professional accounts for high-volume or high-net-worth traders. These accounts often come with improved trading conditions, personalized support, lower trading commissions, and additional features tailored to the needs of experienced traders.

• Minimum Deposit: $100
• Spreads Type: Start from 1
• Available Products: Forex ,Spot Metals ,Cryptocurrencies,Spot Indices, spot Energies, Future Metals, Future Indices, Future Softs, Future Energies,Stocks, ETFs
• Minimum Lot Size: 0.01
• Leverage: Up to 1:500
• EAs Allowed? Yes
• Hedging Allowed? Yes
• Negative Balance Protection Available? Yes
• Is it a Swap-Free Free Account? Optional
• Stop Out Level: 25%

4. Demo Account: Another type of account offered, as mentioned in previous articles and also available with INGOT Broker, is the demo account. It allows traders to simulate trades without risking real money. Demo accounts are useful for beginners to practice using the trading platform, test strategies, and gain familiarity with the markets.

When choosing a trading account, it’s crucial to consider your trading goals, experience level, and preferences. Factors such as minimum deposit requirements, trading conditions (spreads, commissions, leverage), available platforms, and customer support should all be evaluated before making a decision. You can see the minimum deposit amount for opening different types of accounts at INGOT Broker in the image below:

Spread and Fees at INGOT Broker:

The spreads and fees at this broker vary depending on the type of account and the instrument you are trading. Spreads start from 0 pips and can differ based on the specific asset you are trading. For instance, commissions for ETFs may start from $35, while futures trading may have commissions starting from $10. You can see these fees in the table below:

INGOT Broker also offers competitive variable spreads. Here are some sample spread values for certain popular assets in the forex market:

Available Trading Platforms

Here are the trading platforms offered by INGOT Broker:

MetaTrader 4 (MT4): MT4, available at INGOT Broker, is a well-known and widely used trading platform in the forex industry. It provides a comprehensive set of tools and features for technical analysis, charting various chart types, and executing orders. MT4 supports automated trading through Expert Advisors (EAs) and offers access to a wide range of indicators and plugins. For a better understanding and learning experience, we recommend reading the MetaTrader 4 tutorial article.

MetaTrader 5 (MT5): MT5 is the successor to MT4 and offers a wide range of features and capabilities. In addition to forex, it provides access to a greater variety of financial instruments, including stocks and futures. MT5 offers advanced charting tools, market depth information, and various additional order types compared to MT4. INGOT Broker also offers this platform for traders.

Mobile Trading Apps: INGOT Broker offers mobile trading apps that work on both iOS and Android devices. These apps allow you to access your trading account, monitor the markets, execute trades, and manage your positions. Mobile trading apps are popular among traders who prefer trading via smartphones or tablets. MetaTrader is available on iPhone, iPad, and Android devices for free on this broker.

Summary of INGOT Broker Review

In this article from the brokerland website, we introduced and reviewed INGOT Broker, a financial brokerage company that offers forex trading services. We also mentioned it as one of the best forex brokers for beginners. The company’s goal is to provide a comprehensive trading experience and a wide range of financial tools to meet the needs of traders.

One notable aspect of INGOT Broker is its multi-asset trading platform, which allows customers to access various markets, including forex, stocks, commodities, and more, all from a single account. This can be beneficial for traders looking to diversify their portfolios or explore different trading opportunities.

In terms of forex trading, INGOT Broker provides access to a wide range of currency pairs and offers competitive spreads and leverage options. However, it’s essential to note that leveraged trading carries inherent risks, and traders should exercise caution and use risk management strategies.

The broker aims to offer a user-friendly trading experience by providing visual trading platforms and tools. These platforms may include popular options like MetaTrader 4 (MT4) or MetaTrader 5 (MT5), well-known for their robust features and widespread use among traders.

Regarding customer support, this broker typically assists customers through various channels, such as phone, email, or live chat. A sufficient level of customer support is crucial for addressing any questions, technical issues, or account-related concerns that traders may encounter during their trading journey.

The core principle of OpoFinance broker is a commitment to advanced technology, user-centered design, and exceptional transparency. Through their online visual platform, customers have access to a wide range of financial products, from traditional investments to modern crypto currencies, all tailored to individual preferences and risk profiles. This feature is what makes OpoFinance one of the best forex brokers.

This broker takes pride in forex education, ensuring informed decision-making for customers and understanding the complexities of the financial landscape. Their experienced team of specialists is readily available to provide personal guidance and excellent support to traders. In this article from the Brokerland broker review website, we will thoroughly examine each aspect of OpoFinance broker.

introducing OpoFinance Broker

OpoFinance broker is a relatively new forex brokerage that began its operations in the market in 2021. Its headquarters are located in Seychelles. OpoFinance offers forex/CFD trading services to over 4 million customers and has consistently been chosen by traders as one of the best forex brokers.

Regulation and Security

Certainly, regulation is one of the fundamental factors to consider when deciding to trade with a broker. Trading with regulated and authorized brokers is safer and reduces the risk of many issues such as Ponzi schemes and numerous other scams.

Types of Trading Accounts

OpoFinance broker offers four different types of trading accounts for users, and we will discuss each of them below. All of these accounts are available on the MetaTrader 4 and 5 platforms.

1. Standard Account: The standard account is a basic account with a minimum deposit requirement of $100. It does not have any commissions, and it offers normal spreads. The maximum leverage you can use in this account is 1:2000.

2. ECN Account: Traders using the ECN account pay a small commission of $6, and the minimum deposit required is also $100. This account provides the same maximum leverage as the standard account, which is 1:2000.

3. Social Trading Account: The social trading account is designed for enthusiasts and requires a minimum deposit of $200. It offers a maximum leverage of 1:2000 and has normal spreads. There are no commissions associated with this account.

4. ECN Pro Account: The ECN Pro account comes with the lowest spreads among the broker’s account types but requires a higher minimum deposit of $5000. It comes with a $4 commission per trade and offers a maximum leverage of 1:2000.

These various account types cater to different traders’ needs and preferences, whether they are looking for low spreads, social trading, or other specific features.

Leverage at OpoFinance

The leverage or “leverage” at OpoFinance broker varies depending on the trading symbol and the customer’s account. However, in general, this broker offers a maximum leverage of 1:2000. It’s always essential to confirm the specific leverage for a particular symbol or account with the broker’s support team to be certain.

For example, concerning the standard account, OpoFinance provides traders with the following leverage levels for specific trading symbols:

– Forex: 1:500
– CFDs: 1:500
– Indices: 1:500
– Cryptocurrencies: 1:5

Trading Platforms

OpoFinance offers popular trading platforms, MetaTrader 4 and MetaTrader 5, which cater to all the needs of a forex trader. These platforms are known for their versatility and functionality, making them suitable for a wide range of trading styles and strategies.

Furthermore, the web versions of these platforms are also available for times when installing applications may not be possible for an individual. These web platforms offer compatibility with various operating systems, ensuring accessibility and flexibility for traders, regardless of their preferred setup.

Trading instruments at OpoFinance Broker

In addition to a wide range of currency pairs, totaling over 36 pairs, OpoFinance broker offers various instruments for trading, including CFDs, indices, crypto currencies, commodities, and metals. It’s important to remember that different instruments come with different trading conditions. Therefore, you should ensure that your chosen strategy is suitable for the instrument you’ve selected. The contract specifications for these symbols are detailed below:

• Forex:

• Cryptourrency:

• CFDs:

• Commodities:

• Metals:

Customer Support at OpoFinance Broker

Customer support at this broker operates 24/7, allowing customers to get in touch at any time, day or night, in case of issues or questions. Additionally, there is a section for frequently asked questions (FAQs) on various topics available on the OpoFinance broker’s website. By visiting this section, you can find answers to common questions you may have, providing a convenient resource for resolving inquiries.

In the fast-paced and dynamic world of Forex trading, choosing a reliable and efficient broker is crucial for success. The goal of this article of Brokerland is to provide an overview and review of the Errante Broker, evaluating its features, services, trading platforms, regulation, customer support, fees, and other aspects. By examining these key aspects, traders can make informed decisions when selecting a broker that aligns with their trading goals and preferences.

Introduction to Errante Broker

Errante Broker was founded in 2019 and has since operated as one of the leading international Forex brokers, headquartered in Cyprus, serving clients from various regions around the world. This broker is a regulated broker that caters to traders who prefer flexible trading conditions on the MT4 and MT5 platforms. However, traders should note that neither the minimum nor average spreads are published on its website.

Errante Broker offers trading on several assets, including crypto currencies, CFDs on stocks, commodities, metals, indices, and around 50 Forex currency pairs, which is a decent selection compared to other brokers. Support is provided for both the MT4 and MT5 platforms, in addition to a copy trading platform. However, practically no trading tools are offered by this Broker. An overall review of Errante is provided in the table below.

One of the drawbacks of Errante Broker is the lack of educational materials to learn forex and market analysis, which can leave traders needing to self-educate elsewhere. The broker offers four types of accounts: Standard, VIP, Premium, and Tailor-made (or customized) accounts, with a minimum deposit of $50 and an EUR/USD spread of 1.50 pips.

Transaction costs are improved in VIP and Tailor-made accounts, but these come with much higher minimum deposit requirements. The Tailor-made account is a customizable account where traders receive personalized services and can negotiate their trading conditions, making it a good option for experienced traders.

Is Errante Broker safe?

Yes, Errante Broker is a secure choice for traders. It is regulated by CySEC in Cyprus and FSA in Seychelles, which means it operates under strict financial regulations and oversight. It’s a global CFD broker with over 20,000 clients worldwide. The broker was established in 2019 and is headquartered in Cyprus. It is regulated by the Financial Services Authority (FSA) in Seychelles and the Cyprus Securities and Exchange Commission (CySEC).

Awards:

While Errante Broker is relatively new in the market, it has received multiple awards and has maintained its reputation as a safe and one of the best forex brokers. Recent awards include:

• Best New Forex Broker 2020 (Forex Awards)
• Broker with the Fastest Growth 2021 (Ultimate Fintech Awards)

These accolades highlight the broker’s commitment to excellence and safety in the industry.

Types of Accounts at Errante Broker

Errante Broker offers full support for both MT4 and MT5 platforms across four live trading accounts and one demo account. All the live accounts are commission-free, except for the Tailor-made account, where trading conditions are customizable and subject to negotiation with an account manager.

With a minimum deposit of $50, the Standard account at Errante Broker is suitable for beginner traders. We define beginner traders as those who have never traded before or have been trading for less than a year. Beginners often prefer not to risk large amounts of money and generally cannot trade full-time during the workweek.

Experienced traders, on the other hand, typically prefer higher minimum deposits for narrower spreads. The Premium, VIP, and Tailormade accounts require minimum deposits of $1,000, $5,000, and $15,000, respectively. While trading costs in VIP and Premium accounts are still higher than those in other entry-level accounts from different brokers, they are quite low in the Tailormade account. However, it’s important to note that trading costs cannot be confirmed since Errante Broker does not publish spreads for any of its accounts.

All accounts at Errante Broker have a maximum leverage of up to 30:1 and a minimum order size of 0.01 lots. The broker allows hedging, scalping, and copy trading. Accounts are only denominated in two major currencies, namely Euro and Dollar, and Islamic accounts are available upon request. For account details, please refer to the table below:

• Standard Account:The Standard account at Errante Broker requires a minimum deposit of $50, with an average spread of 1.50 pips in EUR/USD. This spread is wider than some other brokers in the market with similar account sizes. Holders of a Standard account can trade with all available instruments.
• Premium Account:To open a Premium account with Errante Broker, a minimum deposit of $1,000 is required, and the average spread is 1.2 pips in EUR/USD. This spread is still wider than spreads available in entry-level accounts at other brokers. Premium account holders at Errante receive daily market summaries, personal customer support, and access to advanced educational materials.
• VIP Account:For VIP account access, a minimum deposit of $5,000 is necessary. The average spreads are as low as 1 pip (based on customer services and information published on the website), which is still wider than spreads in entry-level accounts at other brokers. VIP traders at Errante do not incur any fees for deposits and withdrawals and, in addition to greater access to educational resources, receive free VPS services.
• Tailor-made Account:As the name suggests, this is a customizable account, requiring a minimum amount of $15,000. Spreads start from 0.0 pips in EUR/USD, but lower leverage is applied. Commissions are determined based on trade volume, and margin call settings can be customized upon request.Traders can discuss various customized options with their account managers. For example, they may choose lower spreads or higher leverage for specific instruments. Other traders may request specific settings for VPS for high-frequency trading or trading on particular instruments.

Registration and Opening an Account

The process of opening an account with Errante Broker is user-friendly, straightforward, and entirely online, with accounts typically ready for trading immediately.

Account Types and Minimum Deposits:

• Standard Account: $50
• Premium Account: $1,000
• VIP Account: $5,000
• Tailor-Made Account: $15,000

Creating a user account is a fully digital process, and accounts are usually ready for use right away. Errante Broker offers both individual and corporate accounts, but we will focus on opening an individual account:

Step 1: New traders need to click on the “Register” button at the top of the page to enter their personal information, including name, surname, phone number, country of residence, email address, and password. Errante Broker will then send a confirmation PIN to the provided email address.

Step 2: In the next step, traders should fill out their financial details, which include date of birth, nationality, education level, employment status, source of income, annual income, net worth, and the amount of investment with this broker.

Step 3: Traders must then upload the following documents:

• Identification Document: Errante Broker accepts all government-issued identification documents such as passports, national ID cards, driver’s licenses, or other government-issued IDs.
• Proof of Address: The residence/address document should be in the account holder’s name, issued within the last 6 months, and should include the full name of the trader, current residential address, date of issue, and issuing authority.

Step 4: After completion, traders need to agree to Errante Broker’s terms and conditions.

Upon approval of the application, traders can log into their accounts and fund them. In general, the account opening process with broker is entirely online and hassle-free, with accounts typically ready for trading immediately.

Trading Fees at Errante Broker

The trading fees at this broker are higher than average for their initial account option but lower than average for the other account types. This forex broker offers three commission-free accounts with trading costs incorporated into variable spreads and one Tailormade account with high deposits, providing very tight spreads in exchange for a per-lot commission (however, experienced traders can discuss additional benefits with their account managers). All accounts are available on the MT4 and MT5 trading platforms.

Errante Broker’s accounts were evaluated for cost comparison with other brokers. In these calculations, a standard lot of EUR/USD was used as a benchmark since it’s the most common traded currency pair and typically has the lowest spread.

Unfortunately, Errante does not publish its average or minimum spreads alongside the respective instruments for each account type, so these costs are based on the spreads available in the account section. To view live spreads, traders must open a demo account. Traders should also note that spreads may vary depending on market fluctuations and trading volume.

The costs were calculated based on trading fees for one lot (100,000 USD) in EUR/USD, including spreads and assessed commissions.

Formula for calculating trading costs

Spread * Trade Volume + Commission = Cost in Secondary Currency (Cost in the secondary currency reflects the trading cost)

As you can see in the table above, the trading fees in the Tailormade account are lower than the Standard, VIP, and Premium accounts, and lower than most other brokers. Most other brokers charge around $9 per lot traded in EUR/USD. However, it’s important to emphasize that these trading fees are not confirmed because neither the minimum nor the average spreads are published on the Errante Broker’s website.

Swap Rates

Another significant cost to consider is the swap rate, which is applied to positions held overnight. A swap fee is paid (or received) for each night a position is held. When trading a currency, you are effectively borrowing one currency to buy another. The swap interest fee is calculated based on the difference between the interest rates of the two currencies being traded.

Errante Broker provides a swap calculator for traders to calculate these fees. For example, the swap rate for keeping a long EUR/USD position open for one night is -$4.57, and for a short position, it is +$0.79.

In general, assessing the trading fees at Errante Broker is challenging because neither the minimum nor the average spreads for its accounts are published.

Non-trading Fees at Errante Broker

The non-trading fees at Errante are generally average compared to similar brokers. This broker does not charge a fee for deposits in general, but there are specific withdrawal fees. For example, there is a 1% withdrawal fee for withdrawals through e-wallets like Neteller, Advcash, Cashu, Perfect Money, Sticpay, and Skrill.

Additionally, if a withdrawal request exceeds 80% of the deposited amount within 48 hours of the deposit without significant trading activity or in cases of arbitrage trading, an additional 5% fee/penalty will be applied. Errante Broker also charges a $10 monthly inactivity fee after six months of inactivity.

Deposit and Withdrawals

Errante Broker offers a wide range of financial deposit methods, and while deposits are generally free, there are withdrawal fees associated with some methods.

Like many brokers, Errante applies a “return to source” policy, meaning withdrawals can only be returned to the original source of funds. Various deposit and withdrawal methods are available, including bank transfers, cash and credit cards, Android digital wallets, and electronic wallets. For details, please refer to the table below:

Note that the minimum deposit for all accounts is 50 USD/EUR.

• Visa/MasterCard: Deposits are free and processed within 1 hour. Withdrawals are free and processed within 24 hours, but it may take 4 to 8 days to reach your account. The minimum withdrawal amount is 20 USD/EUR.
• Electronic Wallets (Neteller, Sticpay, Skrill, Perfect Money): Deposits are free and processed within 1 hour. Withdrawals are processed within 24 hours and a 1% fee is applied. The minimum withdrawal amount is 20 EUR/USD.
• Cryptocurrencies (BTC, ETH, XRP, USDT): Deposits are free and processed within 10 minutes. Withdrawals are free and processed within one business day. Please note that the minimum withdrawal amount is 20 USD/EUR.

Traders should be aware that if they request a withdrawal of an amount exceeding 80% of the deposited amount within 48 hours of deposit without significant trading activity or engage in arbitrage trading, an additional 5% fee/penalty will be applied.

Errante broker offers a wide range of financial funding methods. While deposits are generally free, a 1% withdrawal fee is applied for electronic wallet payments, which is in line with the industry average. The processing times are also average, except for bank transfers, which are slower.

Trading Platforms at Errante Broker

The provided platforms at Errante broker are on par with similar brokers in the industry. They offer trading on the popular MT4 and MT5 platforms, along with associated desktop, mobile, and web-based applications.

MetaTrader 4 (MT4)

MetaTrader 4 is one of the most popular and versatile trading platforms globally, offering powerful features to assist informed trading decisions. While MT4 is somewhat dated, it remains popular due to its algorithmic trading capabilities, allowing for algorithmic trading and backtesting with Expert Advisors (trading robots). Other features of MT4 include:

•  MQL4 programming language
•  Single-threaded backtesting for single-currency pairs
• 30 built-in technical indicators
• 31 graphical objects
• Multiple timeframes

MetaTrader 5 (MT5)

MetaTrader 5 is at the forefront of trading software, with millions of users worldwide and extensive qualitative and quantitative analysis capabilities. The MT5 trading platform is generally more widely accepted by forex brokers. It features a more modern interface, allows for an unlimited number of chart types in forex, displays market depth, and includes an internal economic calendar.

Additionally, MT5 offers more types of pending orders compared to MT4 and comes with an integrated chat system. Furthermore, the MQL5 programming language is more efficient than its predecessor, and MT5 provides more advanced charting tools compared to MT4.

In general, while Errante broker only offers the MetaTrader platform suite, which may not be as beginner-friendly as proprietary platforms offered by other brokers, both MT4 and MT5 are considered some of the best third-party trading platforms in the industry.

Mobile versions of MT4 and MT5

Broker Errante provides mobile trading platforms that are average compared to similar brokers. They offer mobile versions of MT4 and MT5 for both Android and iOS devices. Traders should be aware that compared to desktop trading platforms, there may be some limitations in functionality, such as reduced timeframes and fewer chart options. However, traders can still place and modify orders, calculate profits and losses, and trade on charts using these mobile platforms.

While Errante does not offer a proprietary mobile trading solution, the availability of MT4 and MT5 mobile apps allows traders to access their accounts and execute trades on the go.

Trading Tools

Errante broker’s trading tools are limited to a trading platform and a few trading calculators, which is relatively limited compared to some other brokers.

Copy Trading

The CopyTrade tool at Errante broker allows traders to monitor and copy the trading strategies of successful traders either manually or automatically into their own accounts. Traders can choose to copy a selection of Errante traders they believe may be suitable for them. This feature can be a good option for beginner traders who are starting their trading journey and may not have the technical skills or time to trade actively.

Trading Calculators

Errante broker offers two trading calculators:

1. Margin Calculator: With the Margin Calculator, traders can precisely calculate the required margin for opening a position they wish to open and adjust its size accordingly.

2. Swap Calculator: The Swap Calculator helps traders calculate the fees based on the instruments they are trading for both long and short positions.

Please note that Errante’s trading tools are relatively basic, and they do not offer a wide range of advanced trading tools or features compared to some other brokers in the industry.

Tradable Assets at Errante Broker

Errante broker offers a somewhat limited range of tradable assets compared to some other brokers. They provide trading opportunities in Forex, CFDs on stocks, indices, commodities, and metals. While Errante may have a more limited selection of tradable assets compared to its competitors, it does offer a reasonable variety of Forex pairs.

Errante broker offers approximately 50 currency pairs for trading, which is a relatively average range compared to most other brokers. These include major currency pairs (e.g., EUR/USD, GBP/USD, and USD/JPY), minor currency pairs (e.g., NZD/JPY, GBP/JPY, and USD/ZAR), and some exotic pairs.

Errante broker provides access to 61 CFDs on stocks, which is somewhat limited compared to some major international brokers. The selection includes some of the major exchanges in the United States, the United Kingdom, and Europe. CFDs on stocks allow traders to speculate on the price movements of these shares, but they do not grant ownership of the actual underlying stocks. However, CFD holders can be affected by changes in the stock’s price.

Please note that while Errante may not have the most extensive range of tradable assets, it does offer trading opportunities in some of the most popular financial markets, including Forex and CFDs on stocks, indices, commodities, and metals.

• Indices: Errante broker offers trading on 9 indices, which is somewhat limited compared to similar brokers. The most popular indices are those that combine shares of some of the world’s large and reputable companies.
• Commodities: Errante broker provides trading opportunities in 3 commodities, which is relatively limited compared to some other brokers that typically offer between 5 to 10 commodities. These commodities include energy resources like oil and natural gas.
• Metals: Errante broker offers trading in 6 metals, which is roughly in line with the average offering of other brokers. These metals include silver, gold, palladium, and platinum.While Errante may have a somewhat limited selection of tradable assets in comparison to some competitors, it still covers a range of popular financial markets, including indices, commodities, and metals.