<h1>GBP/JPY Analysis</h1>&nbsp;<h2>Key Points: -</h2> <ul><li>The decline in GBP/JPY comes to a halt, suggesting a potential upward bias as indicated by a bullish harami two-candlestick pattern.</li><li>The presence of pin-bar candles and two consecutive negative sessions exert downward pressure on GBP/JPY, resulting in a drop below the 181.00 level.</li><li>In order to continue the bearish momentum, GBP/JPY needs to surpass 180.36. Conversely, breaching the Tenkan-Sen at 181.52 may indicate a bullish trend resumption.</li></ul>&nbsp;&nbsp;<h2>Today's Scenario: - </h2>&nbsp;The GBP/JPY pair is showing marginal gains as the Asian session commences, with an increase of 0.04% compared to the previous session. Tuesday's trading saw weakness in the Pound Sterling (GBP) for the majority of the day. However, the Japanese Yen (JPY) faced pressure due to dovish remarks made by the Bank of Japan (BoJ) Governor Kazuo Ueda. As of the time of writing, the GBP/JPY pair is trading at 180.99.&nbsp;<h2>Diagram of GBP/JPY: -</h2>&nbsp;<img src="https://cdn.forexoverflow.io/images/1689745951113-xhe9yuor7igtnq1-gbpjpy2023-07-1911-11-23-1.png"> <h2>Economic Events: -</h2>&nbsp;<img src="https://cdn.forexoverflow.io/images/1689745964366-5wci4f9puz19ipd-economic-event.png"> <h2>Buy Scenario: - </h2>&nbsp;On the upside, the first resistance level at 182.16 is identified as an overlapping resistance level, coinciding with a 61.80% Fibonacci retracement level. This level could act as a barrier to any further upward movement in the price.&nbsp;Furthermore, the second resistance level at 183.01 is also seen as an overlapping resistance, aligning with a 78.60% Fibonacci retracement level and a -27% Fibonacci expansion level. This suggests a potential Fibonacci confluence, which may add to the strength of the resistance at this level. Till we do not advise to buy GBP/JPY.&nbsp;<h2>Sell Scenario: - </h2>&nbsp;The GBP/JPY chart currently shows a bearish overall momentum, as indicated by the price being below the bearish Ichimoku cloud. This suggests the potential for a continuation of the bearish trend towards the first support level.&nbsp;The first support level at 180.16 is significant as it corresponds to a previous low point in the price, indicating a level where buyers may step in and provide support. Additionally, the second support level at 179.72 also represents a swing low support, further reinforcing its importance as a potential area of buying interest. Till we do not advise to sell GBP/JPY.&nbsp;<h2>Support and Resistance Level: -</h2> ﻿Support&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Resistance&nbsp;&nbsp;S1 180.28&nbsp;&nbsp;&nbsp;-&nbsp;&nbsp;R1 181.77S2 179.58&nbsp;&nbsp;-&nbsp;&nbsp;&nbsp;R2 182.55S3 178.80&nbsp;&nbsp;-&nbsp;&nbsp;&nbsp;R3 183.25&nbsp;&nbsp;&nbsp;

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Uncover the price forecasting of GBP/JPY as it navigates through mixed signals, resulting in minimal gains, assessing the implications and potential market movements.

GBP/JPY Price Forecasting: Navigating Mixed Signals for Minimal Gains

GBP/JPY Outlook: Minimal Gains Amidst Mixed Signals- 19-07-2023.

<a href="https://wforex.com/" rel="noopener noreferrer" target="_blank">World Forex</a> stands as a versatile brokerage offering trading opportunities across MetaTrader 4 (MT4), MetaTrader 5 (MT5), and a proprietary platform. It boasts commission-free pricing, copy trading features, rapid 30-minute withdrawals, and appealing welcome bonuses. But, amidst these offerings, the critical question lingers: Is World Forex a reliable and trustworthy platform? <img src="https://cdn.forexoverflow.io/images/1700029907879-qvo8x8nbk89bm25-world-forex.png"> Our experts meticulously examined the brokerage's account types, market accessibility, digital contracts, live signals, and more. Dive into our comprehensive 2023 review of World Forex to discern whether opening a trading account aligns with your aspirations. <h2>Company Overview </h2> Established in 2007 in the British Virgin Islands, World Forex underwent acquisition in 2016 by Existrade Ltd, an international trading group regulated by the Saint Vincent &amp; The Grenadines Financial Services Authority (SVGFSA). Presently, the brokerage caters to over 350,000 traders across 50+ countries, offering ECN technology, 24/7 customer support, and a remarkably low $1 minimum deposit. Retail traders gain access to various asset classes, including forex, stocks, cryptocurrencies, and commodities. Additionally, the platform provides digital contracts, simplifying trading for newcomers to the market. <h2>Trading Platforms </h2> World Forex boasts a selection of platforms: MetaTrader 4 (MT4), MetaTrader 5 (MT5), and a proprietary webtrader. Both MT4 and MT5 can be freely downloaded on desktop devices (Windows and Mac) or accessed via web browsers and mobile applications. MetaTrader 4<ul><li>VPS hosting</li><li>Trading signals</li><li>One-click trading</li><li>24 graphical objects</li><li>30 built-in indicators</li><li>MQL4 programming language</li><li>Customizable charts with 2,000+ indicators and 1,900 robots</li><li>Nine timeframes</li><li>Various order types</li></ul>FX Lite plugin is available for MT4, enabling digital contract trading. Installation links and a guide are accessible on the broker's website. MetaTrader 5<ul><li>VPS hosting</li><li>Strategy tester</li><li>21 timeframes</li><li>One-click trading</li><li>44 graphical objects</li><li>38 built-in indicators</li><li>Integrated economic calendar</li><li>Customizable charts</li><li>MQL5 development environment</li></ul> WebTrader<ul><li>Full trade history</li><li>One-click trading</li><li>Nine timeframes</li><li>Analytical objects</li><li>Customizable graphs and charts</li><li>Interactive real-time quotes</li></ul> <h2>World Forex Instruments &amp; Markets </h2> The platform offers a wide array of trading assets:<ul><li>Various currency pairs</li><li>Oil, gold, and silver crosses</li><li>Cryptocurrency options</li><li>Share CFDs of major companies</li></ul>Note: Access to instruments may vary based on account type. <h2>Digital Contracts </h2> A standout feature is World Forex's digital contracts, a simple financial instrument predicting whether an asset's price will rise or fall by contract expiry. These contracts resemble traditional binary options and offer a clear profit potential before initiating a trade. World Forex even provides a preliminary calculator for assessing potential gains or losses. Other features include draw payout options, varied investment amounts, and early closing possibilities.<h2> </h2><h2>Spreads &amp; Fees </h2> Fees differ per account type and instrument, with most profiles being commission-free except for W-CRYPTO. Spread ranges vary accordingly.<h2>Leverage Review </h2> World Forex extends high-margin trading opportunities, offering leverage up to 1:1000, contingent upon the account balance. Leverage availability scales with balance tiers. <h2>Mobile App </h2> MT4 and MT5 come in mobile versions for iOS, Android, and Huawei devices, ensuring on-the-go trading convenience. Additionally, the FX Lite BO app facilitates digital contract trading via tablets or smartphones.<h2> </h2><h2>Payment Methods </h2> The platform impresses with its diverse payment methods, including bank wire transfers, credit/debit cards, e-wallets, and cryptocurrencies. World Forex levies no deposit fees, though third-party charges and exchange rate fees might apply. Withdrawals typically process within 30 minutes, devoid of set minimum or maximum limits. However, withdrawal fees apply based on the chosen method. <h2>WorldForex Demo Account </h2> World Forex offers a risk-free demo account, aligning with all account types. This feature enables users to practice trading under realistic market conditions, complete with virtual funds and adjustable leverage.<h2> </h2><h2>Deals &amp; Promotions </h2> As an offshore broker, World Forex furnishes various bonuses and incentives for new and existing traders, such as deposit bonuses, trading contests, and a cashback club. <h2>Regulation &amp; Licensing </h2> Operating under Existrade Ltd and regulated by the Saint Vincent &amp; The Grenadines Financial Services Authority (SVGFSA), World Forex falls under a regulatory body with relatively relaxed criteria compared to major financial agencies. However, the broker participates in The Financial Commission, offering compensation up to €20,000 per client in dispute scenarios. The broker undergoes monthly audits with VerifyMyTrade but lacks a formal declaration of capital reserves. <h2>Additional Features </h2> World Forex provides live market news streams, research analysis, asset reviews, and a forex calculator. Educational resources include a comprehensive knowledge base, a free trading course, glossaries, and step-by-step guides. AutoTrade functionality allows users to copy successful investors' signals, an ideal feature for beginners. Moreover, the platform offers VPS services and various account types catering to different trading styles.<h2> </h2><h2>Trading Hours </h2> Access the markets 24/5, but note that trading hours vary across instruments. The platform offers a sessions calendar and major event schedules for traders' reference.<h2> </h2><h2>Customer Support </h2> World Forex ensures 24/7 customer support through email, live chat, online contact forms, and specified contact numbers. The platform exhibits comprehensive help pages but lacks a standard FAQ section.<h2> </h2><h2>Security &amp; Safety </h2> The brokerage adheres to standard AML and KYC protocols, employing SSL encryption for payments. Two-factor authentication (2FA) adds an extra layer of security to the trading platforms.<h2> </h2><h2>World Forex Verdict </h2> World Forex emerges as a reliable platform serving a substantial user base with a wide asset range, diverse account options, and robust educational resources. The addition of digital contracts with promising payouts enhances its appeal, despite the presence of withdrawal fees, weak regulation, and absence of negative balance protection. <h2>Pros and Cons </h2> Pros:<ul><li>Diverse asset offerings, including digital contracts</li><li>Varied account types with differing pricing structures</li><li>Multiple trading platforms</li><li>Swap-free accounts</li><li>Multiple payment methods with a low $1 deposit</li><li>Copy trading functionality</li><li>Extensive educational resources</li><li>STP/ECN technology</li><li>Demo account and VPS hosting</li></ul> Cons:<ul><li>Relatively weak regulation</li><li>Withdrawal fees applicable</li><li>Absence of negative balance protection</li></ul> <h2>World Forex Broker Details</h2> <img src="https://cdn.forexoverflow.io/images/1700030107466-jr1gmhc66k4ow3n-world-forex-broker-details.png">Disclaimer: - We at forexoverflow do not endorse neither refer anyone to trading broker websites. The information is for educational purpose and source of information is from the broker website.

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Delve into our comprehensive 2023 review of World Forex, exploring its trading platforms, diverse assets, and standout features. Uncover the pros and cons of this brokerage, from varied account types to withdrawal fees, assisting you in making an informed trading decision.

Exploring World Forex in 2023: Platforms, Asset Variety, and Pros/Cons

World Forex Review 2023: Platforms, Assets, Features Explained, Pros and Cons Revealed

<a href="https://amana.app/" rel="noopener noreferrer" target="_blank">Amana Capital</a> Group stands as a globally recognized forex broker, operating across diverse jurisdictions such as the UK, the UAE, and Cyprus. In this comprehensive overview, we delve into their member services, deposit and withdrawal processes, demo and live accounts, alongside an in-depth look at fees and regulatory aspects. <img src="https://cdn.forexoverflow.io/images/1700027864365-4tulkcu8m9bf5bh-amana-captial.png"><h2>Amana Capital Overview</h2> Established back in 2010 in Beirut and spearheaded by CEO Ahmad Khatib, Amana Capital has significantly expanded its presence over the past decade. With a reach spanning over 80 countries and office branches in key locations like London, the United Arab Emirates, Cyprus, Sri Lanka, and Malaysia, the broker has solidified its position. Notably, the company holds regulatory licenses from six authorities: FCA (UK), DFSA/DIFC (Dubai), CySEC (Cyprus), CMA (Lebanon), LFSA (Malaysia), and FSC (Mauritius). <h2>Offerings and Instruments</h2> Amana Capital provides a diverse range of instruments encompassing forex, indices, shares, CFDs, spot metals, and commodities. Trading is available across both desktop and mobile platforms, predominantly the widely used MT4 and MT5, complemented by appealing educational resources and trading tools like Autochartist and TradeCaptain. <h2>Platform Insights</h2> MetaTrader 4 (MT4)The adaptable nature of the MT4 platform caters to both seasoned traders and novices, offering customizable features that suit individual strategies. Its user-friendly interface, coupled with a suite of features including a local quote database, automated scripts, extensive charting options, technical analysis tools, and real-time quoting, makes it a favored choice. MetaTrader 5 (MT5)The latest iteration, MT5, retains the intuitive interface of MT4 but boasts enhanced analytical capabilities and advanced trading tools. Features such as powerful algorithmic trading, netting and hedging capabilities, trade signals, a built-in economic calendar, and a broader range of chart time-frames make it a robust option for traders. MetaTrader WebTraderFor MacOS users or those preferring not to download software, the MT4 web terminal provides a convenient solution with similar functionalities to the desktop version. Offering full order management, a wide range of technical indicators, charting tools, and financial news, it's accessible directly through an internet browser. <h2>Market Offerings</h2> Amana Capital ensures an extensive array of assets, including 54 FX pairs, popular stock indices like Dow Jones and FTSE 100, gold and silver on spot and futures contracts, energies such as crude oil, and soft commodity futures like coffee and wheat. Additionally, traders can choose from over 280 US company shares like Facebook, Apple, and McDonald’s. <h2>Fees and Commissions</h2> While spreads at Amana Capital might not be the most competitive, starting from 1.4 pips for EUR/USD, 1.9 pips for GBP/USD, and 1.5 pips for cash indices like the FTSE 100, there are no commissions on FX pairs. However, future indices, metals, commodities, and energies carry a $10 fee per lot, and US shares have a commission of $0.02 per share. Furthermore, there’s an overnight rollover fee (swap charge) applicable to trades held overnight. <h2>Leverage and Mobile Apps</h2> Leverage, depending on the jurisdiction, can go up to a maximum of 1:500, yet customers from the EU and UK are restricted to a maximum of 1:30 due to regulatory guidelines. It’s crucial for traders, particularly those with limited experience, to understand the potential risks of leveraged trading. Mobile traders can opt for the MT4 or MT5 mobile apps, known for their ease of use and technical capabilities, facilitating trading on the go. <h2>Payment Methods</h2> A variety of funding options are available, including bank transfers, credit/debit cards, Skrill, Neteller, and alternative methods like Qiwi and WebMoney. Deposits are denominated in USD, EUR, GBP, or RMB, with most methods being instant except for bank wire transfers, which may take 2 – 5 business days. Each method incurs varying fees, starting from 1.5% for cards and going up to £6 for bank transfers. Withdrawals also involve differing fees, ranging from 0.5% for UnionPay to 4.9% for Moneta. However, some methods, such as card payments and fast international bank transfers, are covered by the broker. It’s important to note that while Amana Capital doesn’t charge for withdrawals via bank wire transfer, the chosen bank might impose its charges. <h2>Demo Account and Bonuses</h2> Amana Capital offers a risk-free demo account allowing users to trade instruments without real money at stake, catering to both beginners learning the basics and experienced traders refining their strategies. Additionally, the broker provides a $50 welcome bonus for new traders opening an account with a minimum deposit of $100. <h2>Regulatory Compliance</h2> The firm operates under multiple regulatory entities, maintaining high transparency. Information about the company, including profiles of owners and directors, is readily available on the website and LinkedIn. The various regulated entities and licenses held by Amana Group are detailed on the website, demonstrating their commitment to compliance and client security. <h2>Additional Features and Account Types</h2> Amana Capital provides an array of educational resources ranging from e-books, seminars, and webinars to financial calculators and an economic calendar. Trading signals via Autochartist and TradeCaptain, along with RiskPulse, an intelligent data analytics tool, offer insights into trading performance and solutions. Account types at Amana cater to traders based on their experience and preferences. Options include the Amana Classic, Amana Active, Amana Elite, Shares Account, and ZuluTrade Account, each tailored to different trading needs and capital requirements. <h2>Trading Hours, Customer Support, and Security</h2> Trading hours vary across different instruments, typically operating from Monday to Friday. The broker offers extensive customer support through various channels, including phone lines for different regions, email, and social media platforms like WhatsApp, Twitter, Facebook Messenger, WeChat, Telegram, and live chat. The platform is available in multiple languages, enhancing accessibility. In terms of security, Amana Capital prioritizes client safety with segregated fund accounts, a Balance Protection Policy, and fund insurance up to $1,000,000 for LFSA and FSC clients. Additionally, clients in the UK and Cyprus are covered up to £85,000 as part of the Financial Services Compensation Scheme. The MetaTrader platforms are equipped with robust security measures such as 128-bit encryption and 2FA protocols. <h2>Amana Capital Verdict</h2> Amana Capital impresses with its suite of trading tools, user-friendly platforms, and diversified account options. While spreads may not be the most competitive, the broker’s emphasis on regulation and safety makes it a compelling choice for forex and CFD trading. <h2>Pros and Cons</h2> Pros:·&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Advanced trading tools like RiskPulse, TradeCaptain, and Autochartist·&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Commission-free forex trading·&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Availability of ZuluTrade &amp; PAMM accounts·&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Negative balance protection·&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Provision for Islamic accounts·&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Stringent regulatory compliance Cons:·&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Relatively higher spreads·&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Absence of cryptocurrencies·&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Lack of FAQs for reference <h2>Amana Capital Broker Details</h2> <img src="https://cdn.forexoverflow.io/images/1700028085891-q2vrb2jnnvmhn23-amana-capital-broker-details.png"> Disclaimer: - We at forexoverflow do not endorse neither refer anyone to trading broker websites. The information is for educational purpose and source of information is from the broker website.

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Discover Amana Capital's offerings in 2023, from diverse trading instruments to user-friendly platforms. Explore regulations, fees, and account options in this comprehensive review.

Exploring Amana Capital: Regulations, Platforms, and Trading Offerings

Amana Capital Review 2023: Platforms, Instruments, and Regulations

<a href="https://www.finq.com/" rel="noopener noreferrer" target="_blank">Finq.com</a> stands as a diverse multi-asset CFD broker, facilitating trading across forex, stocks, commodities, indices, cryptocurrencies, and more. Accessible through the robust MetaTrader 4 terminal or their proprietary Finq WebTrader, the platform offers tight spreads, an extensive asset range, and a minimum deposit requirement of $100, contributing to its rapid growth. This review delves into account types, volume bonuses, platform features, and more, evaluating the advisability of Finq based on our experts' insights. <img src="https://cdn.forexoverflow.io/images/1699947841210-ht73tdmh9ouy9x7-finq.png"><h2> </h2><h2>Finq.com Overview </h2> Established in 2017, Finq is an online forex and CFD brokerage operated by Lead Capital Services Ltd. Despite its relatively recent presence in the market, it has carved a niche with its 'think trading, think Finq' approach. The platform's allure lies in its generous welcome bonus, offering a $10,000 free demo account, making it an attractive choice for beginners. Moreover, Finq provides a wide array of fee-free deposit and withdrawal options, including Visa, Mastercard, Neteller, and Skrill. Traders have access to over 2100 assets across various classes. <h2>Regulatory Framework </h2> Based in Seychelles, Finq operates under the regulation of the Seychelles Financial Services Authority (FSA), positioning itself within an offshore regulatory framework.<h2> </h2><h2>Trading Platforms </h2> Finq presents two primary trading platforms to cater to different trading needs: the proprietary WebTrader and MetaTrader 4 (MT4). While MT4 primarily suits forex and CFD traders, WebTrader is more suitable for clients engaged in equities trading. Both platforms offer distinct advantages and can be accessed through web-based browsers or downloaded as needed. However, our experts noted that not all instruments are available across both platforms. MetaTrader 4Renowned as a user-friendly and industry-standard platform, MetaTrader 4 is designed for trading commodities and FX. Offering a multilingual interface, 30+ technical indicators, nine timeframes, instant execution, and robust technical analysis tools, it also supports automated trading through MetaEditor, Strategy Tester, and Compiler. WebTrader The WebTrader platform provides advanced tools without requiring any software installation. Though relatively basic, it offers essential functionalities and innovative features, such as the 'Events &amp; Trade' function that tracks instrument movements through the economic calendar.<h2> </h2><h2>Assets &amp; Markets </h2> Finq offers a wide array of over 2100 global instruments spanning seven asset classes, including bonds, stocks, forex, cryptocurrencies, ETFs, commodities, and indices. This diverse range encompasses well-known bonds, global company shares, major and minor currency pairs, digital currency coins, ETFs, commodities, and prominent economic region indices.<h2> </h2><h2>Spreads &amp; Commission </h2> The broker maintains variable spreads across all assets, offering spreads as low as 0.14 USD on Gold trading, 0.10 pips on EUR/USD, 0.20 pips on GBP/USD, and 1.4 pips on the NASDAQ100 and DAX30. Accounts incur commission fees, varying by account type and asset traded. Additionally, there's a monthly inactivity fee of $25 for dormant accounts, and overnight swap fees for positions held beyond market hours. <h2>Leverage </h2> As an offshore entity, Finq offers significant margin trading opportunities, providing a maximum leverage of 1:300 to day traders, although this varies by asset. However, it's important to note that higher leverage rates entail increased risk, suggesting caution for newer traders.<h2> </h2><h2>Mobile App and Accessibility</h2> Finq provides a user-friendly mobile application available for iOS and Android devices, enabling traders to engage in trading activities while on the move. The mobile app boasts positive user reviews, offering seamless execution speed, asset displays, and intuitive navigation. Additionally, the MT4 mobile app grants access to a range of tools and features available on the desktop terminal. <h2>Deposits &amp; Withdrawals </h2> The brokerage does not impose deposit or withdrawal fees, though third-party charges may apply. Supported payment methods include debit/credit cards, bank wire transfers, Neteller, FasaPay, and Skrill. Processing times vary, with bank wire transfers taking longer compared to e-wallet solutions.<h2> </h2><h2>Finq Demo Account </h2> New users can access a $10,000 demo account upon signing up, offering a risk-free environment for practicing trading strategies across various simulated currencies. <h2>Bonuses &amp; Deals </h2> Finq provides several promotions, including volume-based bonuses, 'Refer a Friend' bonuses, a welcome bonus, and a first-time deposit bonus, each with its own set of conditions and requirements.<h2> </h2><h2>Regulation &amp; Licensing </h2> Finq holds a license with the Seychelles FSA, which may not offer the same level of regulatory rigor as more established authorities like the FCA or CySEC. While this doesn't necessarily imply fraudulent practices, it does imply limited protection compared to brokers under stringent regulation. <h2>Finq Account Types </h2> The brokerage offers various account types catering to different trader profiles, ranging from beginner to high-volume or intermediate traders. Each account type comes with its own set of features, spreads, minimum deposits, and commissions. <h2>Additional Features </h2> Finq includes an extensive education section comprising video lectures, web tutorials, an economic calendar, and weekly CFD expiration dates, suitable for both novice and experienced traders. <h2>Trading Hours </h2> The platform accommodates trading hours across 24/5, spanning various global exchanges and markets, with weekend trading available for certain instruments.<h2> </h2><h2>Customer Support </h2> Finq provides support via email, live chat services, WhatsApp, and their head office address, ensuring round-the-clock assistance for traders. <h2>Security </h2> While limited information regarding client security is available, Finq segregates client funds within top-tier banks and operates a negative balance protection system. Data transmissions are encrypted using SSL Secure, though additional security features such as two-factor authentication (2FA) are not explicitly mentioned. <h2>Verdict </h2> Finq.com offers a comprehensive brokerage for investors seeking diverse CFD trading opportunities across various assets. However, caution is advised due to its regulatory status and limited security details, which may pose a concern for some traders.<h2>Pros and Cons </h2> Pros:<ul><li>Leverage up to 1:300</li><li>24/5 customer support</li><li>Extensive asset selection</li><li>Free deposits and withdrawals</li><li>Various bonuses and rewards</li><li>Demo account with substantial virtual funds</li><li>Proprietary trading platform and MetaTrader 4 support</li></ul> Cons:<ul><li>Lack of copy trading tool</li><li>Limited security information</li><li>Absence of MetaTrader 5</li><li>Limited regulatory oversight</li><li>Narrow range of trading tools</li></ul> <h2>Finq.com Broker Details</h2><img src="https://cdn.forexoverflow.io/images/1699948105612-u9o2fdive1wrqli-finq-broker-details.png"> Disclaimer: - We at forexoverflow do not endorse neither refer anyone to trading broker websites. The information is for educational purpose and source of information is from the broker website.

Review of Finq.com Trading Platforms, Instrument Variety Pros and Cons  (1).png

Explore Finq.com's diverse offerings in this 2023 review. Assess trading platforms, asset classes, account types, and bonuses. Understand the pros and cons, regulatory insights, and the overall verdict for informed trading decisions.

Review of Finq.com 2023: Analyzing Regulations, Trading Platforms, and Broker Features

Finq.com Review 2023: Comprehensive Analysis of Trading Platforms, Assets, and Broker Features

<a href="https://www.xglobalmarkets.com/" rel="noopener noreferrer" target="_blank">XGlobal Markets</a>, an online brokerage specializing in forex and CFD trading via the MetaTrader 5 platform, is making waves in the financial world. Sporting multiple licenses and offering spreads as low as 0.4 pips, this broker stands tall in the trading arena. Dive into our comprehensive review of XGlobal Markets where we explore their mobile app, payment methods, customer service, and more. Let's unpack whether this platform is your ticket to enter the trading game. <img src="https://cdn.forexoverflow.io/images/1699943949958-qpxfn54ogeknjlr-xglobal-markets.png"><h2> </h2><h2>Unveiling XGlobal Markets</h2> Established in 2012 and headquartered in Cyprus, XGlobal Markets Ltd collaborates with MetaQuotes, presenting clients with robust trading utilities and a diverse range of online educational materials. <h2>Regulatory Credentials</h2> XGlobal Markets boasts regulation under the Cyprus Securities &amp; Exchange Commission (CySEC) and holds registrations with the UK Financial Conduct Authority (FCA) alongside Germany’s Federal Financial Supervisory Authority (BaFin). These affiliations add credibility to their operations and ensure a secure trading environment. <h2>Trading Platform MetaTrader 5: </h2> XGlobal Markets furnishes the MetaTrader 5 (MT5) platform, an all-encompassing successor to the immensely popular MT4 system. Boasting an extensive array of features, the downloadable platform integrates leading technical indicators, automated trading capabilities through the MQL5 programming language, advanced charting tools, and an alert system for price level notifications. Furthermore, it includes a trading journal, in-depth contract specifications, and a trade copying service via the MQL signals. <h2>Diverse Tradable Assets</h2> With nearly 80 tradable instruments encompassing forex, CFDs, precious metals, energies, and indices, XGlobal Markets offers an assortment of opportunities. While featuring a commendable assortment, enhancing its repertoire with cryptocurrency trading could fortify its standing further.<h2> </h2><h2>Spreads, Commissions, and Leverage</h2> Offering floating spreads commencing at 0.4 pips, XGlobal Markets maintains competitive minimum spreads on major pairs like EUR/USD and GBP/USD. Additionally, the brokerage levies $7.5 per lot commissions and imposes a €25 monthly inactivity fee for dormant accounts, along with a rollover fee post seven calendar days. Catering to both professional and retail traders, leverage levels stand at 1:200 for professionals and 1:30 for retail traders, adhering to ESMA regulations. <h2>Mobile App Essentials</h2> The XGlobal Markets mobile app caters to traders on-the-go, presenting real-time data, comprehensive account management, interactive chart trading, and an array of technical indicators. The app's user-friendly interface makes trading accessible via Android and iOS devices. <h2>Payment Channels &amp; Withdrawal Dynamics</h2> The brokerage offers multiple payment methods, ensuring flexibility for deposits and withdrawals. While e-wallet transactions are swift, bank transfers might take a few days, and the minimum deposit requirement could be considered steep compared to competitors. <h2>Demo Account and Additional Features:</h2> XGlobal Markets provides a demo account for simulated trading experiences without risking capital, allowing users to explore the MT5 platform and automated trading features. The broker also boasts an extensive education section, offering online courses, training videos, and resources ideal for beginners. <h2>Account Types and Trading Hours:</h2> The broker offers a single live account, the Raw Spread account, with tight spreads, access to trading platforms, and customer support. Trading is available 24/5, allowing general account management even when trading is closed over the weekend. <h2>Customer Support and Security:</h2> XGlobal Markets' customer support is available 24/5 via live chat, telephone, and email, ensuring prompt assistance for withdrawal requests, technical issues, and complaints. The broker employs SSL encryption for data transmission and secures client information with a reliable backup solution. <h2>Regulatory Assurance and Security Measures</h2> Backed by stringent regulatory compliance and a robust security infrastructure, XGlobal Markets segregates client funds and maintains protocols for secure data handling. <h2>XGlobal Markets the Verdict: </h2> XGlobal Markets emerges as a reliable broker offering a solid trading platform, regulatory compliance, and educational resources. However, the absence of certain features like copy trading and cryptocurrencies might deter traders seeking more diverse options. Consider your preferences and trading goals before choosing XGlobal Markets as your trading partner. <h2>Pros and Cons</h2> Pros:<ul><li>Utilization of the MT5 platform</li><li>Stringent CySEC regulation</li><li>Low spreads and sizeable trade options</li><li>Negative balance protection and swift market execution</li></ul> Cons:<ul><li>Absence of copy trading and cryptocurrency options</li><li>Limited product range</li><li>Higher minimum deposit requirement</li></ul> <h2>Final Thoughts</h2> XGlobal Markets emerges as a solid choice for traders seeking a straightforward platform, an advanced trading interface, and a transparent fee structure. However, traders with more diverse trading preferences and a thirst for lower fees might explore alternative options.With XGlobal Markets, the terrain appears promising, yet nuanced exploration reveals areas for improvement, nudging traders to weigh options according to their preferences and trading style. <h2>XGlobal Markets Broker Details</h2>&nbsp;﻿<img src="https://cdn.forexoverflow.io/images/1699944167277-fd5ctb8wguetye8-xglobal-markets-broker-details.png"> Disclaimer: - We at forexoverflow do not endorse neither refer anyone to trading broker websites. The information is for educational purpose and source of information is from the broker website.

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Discover the in-depth XGlobal Markets review for 2023! Explore regulations, trading platforms, assets, and more. Our expert analysis unveils the broker's strengths, weaknesses, and its suitability for your trading needs.

XGlobal Markets 2023 Review: Unveiling Regulations, Trading Platforms, and Broker Features

XGlobal Markets 2023 Review: Unveiling Regulations, Platforms, Features and Expert Analysis

In the fast-paced realm of online trading, <a href="https://www.samtradefx.com/" rel="noopener noreferrer" target="_blank">S.A.M Trade</a> stands as a beacon, offering leveraged CFDs across diverse markets, from forex to cryptocurrencies. In this 2023 review, we delve into the intricacies of S.A.M Trade, exploring trading platforms, instrument variety, and the pros and cons that shape its unique identity in the financial landscape. <img src="https://cdn.forexoverflow.io/images/1699898089118-jop5wxwxftwopwa-sam-trade.png"><h2>Unveiling S.A.M Trade: A Glimpse into the Company's Core</h2> Company Genesis and Global PresenceEstablished in 2015, S.A.M Trade emerged as a prominent online CFD broker. While initially targeting Chinese and Southeast Asian traders, the company has grown to serve a vast clientele of 200,000 individuals worldwide. The recent rebranding from Samtrade FX to S.A.M Trade encapsulates the firm's commitment to synergy, adaptability, and motivation. Regulatory Framework: A Shield of TrustIncorporated in Saint Vincent and the Grenadines, S.A.M Trade operates under the purview of The Financial Commission. Further bolstering its credibility, the company is registered with the Australian Securities &amp; Investments Commission (ASIC), ensuring a secure trading environment. <h2>Navigating the Trading Platforms</h2> MetaTrader 4: A Global PowerhouseS.A.M Trade offers the renowned MetaTrader 4 (MT4), a versatile platform catering to both novices and seasoned traders. With features like nine timeframes, one-click trading, and customizable charts, MT4 provides a robust foundation for market exploration.Placing Trades with MT4: A Step-by-Step Guide <ol><li>Login to the MT4 web platform or download the software to a desktop device.</li><li>Navigate to the asset using the drop-down menu or search bar.</li><li>Initiate a new order directly from the chart or select 'new order.'</li><li>Input trade details, including volume, order type, and stop loss.</li><li>Choose 'buy' or 'sell' based on your strategy.</li><li>Confirm the order to execute the trade seamlessly.</li></ol> CopySam™: Unleashing ExpertiseS.A.M Trade introduces CopySam™, a proprietary copy trading platform. Tailored for retail traders, this platform allows users to follow and replicate the trades of seasoned investors effortlessly.Getting Started with CopySam™<ol><li>Open a live S.A.M Trade account.</li><li>Research 'expert' investors' performance.</li><li>Follow traders of interest.</li><li>Select a trader to copy and set your investment amount.</li><li>Let the platform work its magic automatically.</li></ol> <h2>Assets and Markets</h2> From commodities and indices to currency pairs and cryptocurrencies, S.A.M Trade provides a diverse array of CFDs for retail investors. Explore trading opportunities across spot metals, energies, major forex pairs, and digital currencies.<h2> </h2><h2>Spreads &amp; Fees: </h2> Understanding the cost structure is vital for traders. While most accounts offer commission-free trading, the ECN profile presents tight spreads with a $5 commission per round lot turn. Swap charges apply for positions held overnight. <h2>Leverage Opportunities</h2> S.A.M Trade offers leveraged trading with ratios ranging from 1:25 to 1:1000. However, requests for leverage exceeding 1:200 require approval. Traders must be mindful of margin requirements and account-specific levels. <h2>Mobile Trading: </h2> While the MT4 terminal caters to mobile users, the absence of a mobile-compatible app for the copy trading platform is a drawback. Nonetheless, the user-friendly MT4 application offers a seamless trading experience on mobiles and tablets.<h2> </h2><h2>Deposits and Withdrawals</h2> Deposits: S.A.M Trade accepts deposits in Tether (USDT), bank wire transfers, and Visa/Mastercard credit and debit cards. The process is swift, with varying processing times and minimum deposit requirements. Withdrawals: Withdrawals mirror the deposit methods, with minimum withdrawal amounts and processing times. While the broker imposes no withdrawal fees, third-party charges may apply. <h2>Demo Account</h2> S.A.M Trade caters to beginners with a free demo account, offering a risk-free environment for traders to familiarize themselves with the platform. It's a valuable resource for honing skills without financial risk. <h2>Deals &amp; Promotions</h2> Engaging traders, S.A.M Trade introduces the SamRewards™ program and periodic 'Traders' Challenge.' These initiatives reward traders based on volumes and performance, adding an extra layer of excitement to the trading journey. <h2>Regulatory Landscape: Safeguarding Trader Interests</h2> S.A.M Trade's commitment to regulatory compliance is evident through its incorporation in Saint Vincent and the Grenadines and memberships with The Financial Commission. The broker prioritizes client protection through insurance coverage.<h2> </h2><h2>Additional Features</h2> SamTracks™: Monitoring Your PortfolioSamTracks™, a proprietary tool, offers a comprehensive portfolio monitoring system. Live account holders can analyze their trading performance and asset allocations through an intuitive interface. Trading Signals: Navigating Market TrendsAccess a selection of free third-party technical indicators and signals on the MT4 terminal. These signals, from partners like The Master FX Free Signal, aid traders in making informed decisions. Educational Initiatives: A Mixed BagS.A.M Trade provides basic educational resources aimed at beginners. While lacking in advanced materials, the platform offers an economic calendar and market news to keep traders informed. Trader's Club: A Hub for Market InsightsRegistered clients can opt for the Trader's Club, an exclusive membership program offering market analysis and expert-guided sessions. The program, however, comes with a one-time membership fee. Tailoring Accounts: A Suite of OptionsS.A.M Trade caters to diverse trader profiles with four account types: Standard, VIP, ECN, and Islamic. Each account type offers unique features, ensuring a personalized trading experience. Opening an Account: A Seamless ProcessThe account opening process involves selecting an account type, completing an online form, and making a deposit. AML protocols necessitate identity verification and address details. <h2>Trading Hours </h2> Trading sessions vary by instrument, with forex trading operating Monday 00:00 (GMT +1) to Friday 23:00 (GMT +1). Cryptocurrencies, on the other hand, can be traded 24/7.<h2> </h2><h2>Customer Service</h2> S.A.M Trade provides 24/5 customer support, albeit with limited contact options. Clients can use an online contact form or reach out via email (<a href="mailto:support@samtradefx.com" rel="noopener noreferrer" target="_blank">support@samtradefx.com</a>). The FAQ section supplements these options, addressing common queries. <h2>Security and Safety</h2> Security remains paramount at S.A.M Trade, with measures like segregated client funds, negative balance protection, and two-factor authentication (2FA). These safeguards contribute to a secure trading environment.<h2> </h2><h2>The S.A.M Trade Verdict</h2> In summary, S.A.M Trade emerges as a commendable multi-asset broker, offering bespoke tools and a low minimum deposit. While regulatory concerns and limited payment methods pose challenges, the platform's tier-based rewards, proprietary tools, and MetaTrader 4 integration make it a contender in the online trading sphere. <h2>Pros and Cons </h2> Pros:<ul><li>In-person training courses and tips from S.A.M Trade experts.</li><li>Tier-based rewards program based on trading volumes.</li><li>Proprietary copy trading terminal and analysis tools.</li><li>MetaTrader 4 integration.</li><li>Islamic account available.</li><li>Low minimum deposit.</li></ul> Cons:<ul><li>Limited deposit and withdrawal methods.</li><li>No live chat or telephone support.</li><li>Basic educational resources.</li><li>Absence of a proprietary mobile app.</li><li>Regulatory concerns.</li></ul> <h2>S.A.M Trade Broker Details</h2> <img src="https://cdn.forexoverflow.io/images/1699898332074-rih3bfxd3tvwlfd-sam-trade-broker-details.png"> Disclaimer: - We at forexoverflow do not endorse neither refer anyone to trading broker websites. The information is for educational purpose and source of information is from the broker website.

Review of S.A.M. Trade Trading Platforms, Instrument Variety Pros and Cons  (1).png

Dive into the world of S.A.M Trade FX with our comprehensive 2023 review. Explore the diverse trading platforms, leverage opportunities, and unique features that set S.A.M Trade apart. Discover the pros and cons, regulatory framework, and exclusive offerings that make S.A.M Trade a commendable choice in the dynamic landscape of online trading. If you're seeking multi-asset excellence and tailored trading experiences, this review is your gateway to informed decision-making.

Unleashing the Power of S.A.M Trade FX: A Comprehensive 2023 Review

S.A.M Trade FX Review 2023: Unleashing Multi-Asset Trading Excellence

In the dynamic realm of online trading, <a href="https://www.puprime.com/" rel="noopener noreferrer" target="_blank">PU Prime</a> stands as a global giant, providing access to over 800 instruments and innovative copy trading services. As we delve into the details of our 2023 review, we'll explore the regulatory framework, diverse account types, fees structure, customer support avenues, and much more. Let's embark on this journey to uncover whether opening a live account with PU Prime is the right move for you. <img src="https://cdn.forexoverflow.io/images/1699879015335-vfx9dk022n7o9mt-pu-prime.png"><h2> </h2><h2>Unveiling PU Prime</h2> PU Prime, an accolade-laden CFD broker, has earned the trust of more than 400,000 traders globally. Offering nearly 1000 products with industry-leading trading costs, the broker's commitment to exceptional customer service has fueled its rapid ascent in the financial landscape. Boasting multilingual services and a 24-hour support team of over 300 professionals, PU Prime has received accolades such as Fastest Growing Broker and Best Mobile Trading App in 2022. In 2023, the broker continued its winning streak, securing titles like Best Trading Account for Beginners and Excellent Trading Resources Online Broker LATAM. Operating on a no dealing desk model, PU Prime ensures superior pricing, minimal outages, and extensive liquidity. Regulated by the Financial Sector Conduct Authority of South Africa (FSCA) and the Seychelles Financial Services Authority (FSA), PU Prime is a beacon of trustworthiness. Trading Platforms PU Prime offers a trifecta of trading platforms, each catering to diverse preferences and needs. PU Prime Mobile AppCompatible with both Android and iOS, the mobile app provides a seamless trading experience with features such as full dealing functionality, risk management tools, charting tools, exclusive in-app promotions, and a user-friendly interface. Web TraderAccessible on Windows, MAC, and Linux, the Web Trader terminal offers convenient trading via major web browsers. With features like multiple chart types, real-time quotes, and reliable data protection, it provides a versatile trading experience. MetaTrader 4 and MetaTrader 5Globally recognized, both platforms offer distinct features like multiple chart types, one-click trading, real-time market news, and an array of technical indicators. Traders can download these terminals for free on desktop and mobile devices, ensuring a comprehensive trading toolkit. <h2>Product Offerings</h2> PU Prime stands out with its expansive range of assets across global markets:<ul><li>Commodities: Speculate on energies, agriculture, and precious metals.</li><li>Indices: Trade global indices, including Dow Jones, Nasdaq, and S&amp;P 500.</li><li>Forex: Over 40 currency pairs, majors, and minors.</li><li>Shares: CFDs of top companies like Amazon, VISA, Tesla, and IBM.</li><li>ETFs: Diversify with exchange-traded funds.</li><li>Bonds: Trade sovereign bonds, including US Treasury notes and UK Gilts.</li></ul> <h2>Fee Structure</h2> Fees vary between account types, with the Prime and ECN solutions offering the tightest spreads. Spreads can go as low as 0 pips during highly liquid times. Notably, PU Prime doesn't charge commissions on Pacific Union Standard account trades. However, a $7 commission per side applies to the majority of trading instruments under the Prime account, with the ECN account having a $1 commission per side and a $10,000 minimum deposit.<h2> </h2><h2>Leverage </h2> PU Prime offers flexible leverage, reaching up to 1:1000 on the Pro account. Traders should exercise caution with higher leverage, implementing risk management strategies to navigate the larger trade sizes it allows. <h2>Mobile Trading</h2> The proprietary mobile app from PU Prime ensures that traders can access full features on the go. With fast execution speeds, global market news, multi-account management, and 24/7 customer support, it's a robust tool for the modern trader. Additionally, MetaTrader 4 and MetaTrader 5 are available as mobile apps, extending the desktop platform's functionality to mobile devices. <h2>PU Social: A Social Trading Innovation</h2> Introduced in 2022, the PU Social trading application enables clients to follow the positions and strategies of top traders. This presents an exciting opportunity for new traders to learn from experienced counterparts. For seasoned traders, the PU Social app could serve as a supplementary revenue stream, allowing them to charge a subscription or commission on profitable trades. <h2>Payments Options</h2> PU Prime offers a variety of deposit options, each with its own processing time and maximum limits. Notably, the broker provides a rebate of up to $20 for third-party charges imposed during deposits. Withdrawals are generally free, with some methods incurring small charges from third-party service providers. <h2>Demo Trading</h2> Traders can utilize PU Prime's free demo account to practice execution, navigate platform features, and test strategies risk-free. With access to up to $100,000 in virtual funds, this is an invaluable tool for both beginners and experienced traders. <h2>Deals &amp; Promotions</h2> As of now, PU Prime is enticing traders with several financial incentives, including a $50 no deposit bonus and a 50% Credit Bonus up to $10,000. Additionally, a refer-a-friend scheme allows traders to earn up to $150 for each successful referral. As promotions can have restrictions, it's advisable to review terms and conditions before diving in. <h2>Regulatory</h2> Operating under the regulation of the Seychelles FSA, FSCA, and SVGFSA, PU Prime provides a secure trading environment. The broker ensures negative balance protection and segregated client funds, aligning with the standards set by top-tier authorities like the FCA. <h2>Addtional Features</h2> Our review uncovered PU Prime's commitment to enhancing the trading experience. The broker provides various analysis tools, daily news posts, market reports, technical analysis, and educational content. Online webinars led by industry experts, an economic calendar, currency converter, and keyword glossary further contribute to a comprehensive trading ecosystem. Types of Accounts PU Prime caters to diverse trading preferences with its range of account types:<ul><li>Standard Account: $50 minimum deposit.</li><li>Prime Account: $1000 minimum deposit, ideal for experienced traders.</li><li>Cent Account: $20 minimum deposit, suitable for testing strategies and new traders.</li><li>Pro Account: $50 minimum deposit.</li><li>ECN Account: $10,000 minimum deposit, offering raw spreads directly from the interbank market.</li></ul> For Muslim traders, PU Prime offers Islamic variations on Standard, Prime, and Cent accounts, adhering to Sharia law. <h2>Trading Hours and Customer Support</h2> With 24-hour trading times from Monday to Friday, PU Prime ensures accessibility. Customer support is available through various channels, including live chat, an online contact form, global address finder, email, and telephone. <h2>Security Measures</h2> PU Prime prioritizes security, with password-protected trading areas and encrypted data transmission. The MT4 and MT5 trading terminals adhere to industry-standard data privacy and incorporate dual-factor authentication. <h2>Verdict on PU Prime</h2> In summary, PU Prime emerges as a formidable player in the online trading arena. Boasting industry-recognized platforms, a diverse range of assets, competitive fees, and innovative features like the PU Social app, it offers a compelling package for traders. While it lacks tier 1 regulatory oversight, PU Prime compensates with robust security measures and a commitment to client fund protection. As with any trading platform, prospective users are advised to conduct thorough research and consider their individual needs before making a decision. <h2>Pros and Cons</h2> Pros:<ul><li>Industry-recognized MT4 and MT5 platforms and mobile apps.</li><li>Extensive range of assets with nearly 1000 instruments across six asset classes.</li><li>Competitive fees, with Prime account spreads starting at 0.4 and a $7 commission.</li><li>Client safeguards with segregated funds and negative balance protection.</li><li>Innovative PU Social app with copy trading capabilities.</li><li>Demo account with virtual funds.</li><li>Swap-free Islamic account.</li><li>Multilingual customer service.</li></ul> Cons:<ul><li>Lack of tier 1 regulatory oversight.</li><li>Relatively high $40 minimum withdrawal and handling fee for withdrawals under $100.</li><li>Standard account spreads are mediocre.</li></ul> <h2>PU Prime Broker Details</h2> <img src="https://cdn.forexoverflow.io/images/1699879341176-m8ljb5p6efqub85-pu-prime-broker-details.png"> Disclaimer: - We at forexoverflow do not endorse neither refer anyone to trading broker websites. The information is for educational purpose and source of information is from the broker website.

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Explore the diverse world of PU Prime in this 2023 review. Discover award-winning trading platforms, a vast array of instruments, and the pros and cons that make PU Prime a formidable force in the online trading landscape. Make informed decisions on account types, fees, and unique features like the PU Social app. Delve into the details of this globally trusted broker, backed by regulation and committed to providing a secure and innovative trading experience.

Unlocking PU Prime: A 2023 Review of Trading Platforms, Instruments, and Pros and Cons

Reviewing PU Prime: A Comprehensive 2023 Analysis of Trading Platforms, Instrument Variety, and Pros and Cons

In the dynamic realm of Forex and CFD trading, one name that resonates prominently is <a href="https://www.forex.com/" rel="noopener noreferrer" target="_blank">Forex.com</a>. In this in-depth review, we dissect the merits and demerits of aligning your trading endeavors with one of the largest players in the field. Our exploration spans across diverse facets, including trading accounts, spreads, fees, leverage, and safety protocols. Additionally, our experts scrutinize the trading platform and mobile app, uncovering the hidden gems that set Forex.com apart. <img src="https://cdn.forexoverflow.io/images/1699853864705-opan5yo4javoyi4-forex-com-1.png"> <h2>Navigating the Financial Landscape: Assets &amp; Markets</h2> Forex.com boasts an impressive array of trading products, encompassing thousands of instruments across major asset classes. Notably, the currency pairs selection stands out, surpassing most competitors. Traders can delve into a diverse range, including:<ul><li>Indices: Over 15 indices, featuring the US 100, FTSE 100, and CAC 40.</li><li>Stocks: 5,500+ popular share CFDs, including heavyweight names like Adidas, Tesla, Amazon, and Meta.</li><li>Forex: A robust offering of 80+ major, minor, and exotic currency pairs, such as EUR/USD, GBP/USD, and EUR/GBP.</li><li>Commodities: 10+ spot and futures options for precious metals, energies, and agricultural products, encompassing gold, crude oil, and coffee.</li><li>Cryptocurrency: 8+ digital currency CFDs, including Bitcoin and Ethereum (subject to regional restrictions).</li></ul> <h2>Account Types</h2> For prospective traders, Forex.com presents two live account options: Standard and Raw Spread.<ul><li>Standard Account: Ideal for those seeking traditional spread pricing with no commissions.</li><li>Raw Spread Account: Tailored for active day traders in pursuit of the tightest spreads coupled with low commissions.</li></ul> A noteworthy entry point is the accessible minimum deposit of $100, making Forex.com an enticing choice, especially for beginners. High-volume traders may explore the DMA account, offering pricing directly from tier-one liquidity providers without additional markups. <h2>Account Setup</h2> Opening a live account with Forex.com is a straightforward process, accomplished through a user-friendly online registration form. The steps include: <ol><li>Providing personal details: Country of residence, email, username, password, title, name, date of birth, and telephone contact number.</li><li>Adding full address details, confirming country and town of birth, and providing tax details.</li><li>Sharing financial history and trading experience, including current employment status and expected investment value.</li><li>Reviewing account details and submitting the application.</li></ol> <h2>Trading Fees</h2> A Cost-Effective Trading ExperienceIn our extensive broker evaluations, Forex.com consistently stands out for its competitive fee structure. While pricing varies across account types, notable highlights include: <ul><li>Raw Spread Profile: Spreads as low as 0.0 on the EUR/USD with a $5 commission per $100k.</li><li>Standard Solution: Competitive pricing with spreads as low as 1.0 on the EUR/USD, averaging 1.2.</li></ul> Active day traders may find solace in the DMA account, offering tight spreads and potential commission reductions based on monthly trading volume. Unveiling Additional Charges: Non-Trading FeesWhile Forex.com impresses with low trading fees, it's crucial to be aware of non-trading fees. These include:<ul><li>Inactivity Fee: A $15 charge after one year of no trading activity (avoidable by temporarily disabling the account).</li><li>Rollover Rates: Applicable for positions held overnight from 5 PM (ET).</li><li>Currency Conversion Fee: +/-0.5% from the current market price for trades settled in a currency other than the account base.</li></ul> <h2>Payment Methods</h2> Streamlined Fund TransfersForex.com offers a streamlined approach to fund transfers, though it trails some competitors in terms of deposit options. Notably, there are no deposit or withdrawal fees, with the ability to fund your account through:<ul><li>Neteller/Skrill: Immediate processing, maximum $50,000 funding, USD, EUR, and GBP currencies accepted.</li><li>Credit/Debit Card: Immediate processing, maximum $99,999 funding, multiple currencies accepted.</li><li>Wire Transfer: Up to two days processing time, no maximum funding limits, multiple currencies accepted.</li></ul> <h2>Deposits and Withdrawals</h2> Seamless Transactions via the Client PortalFunding your Forex.com account is a seamless process via the client portal. Follow these steps:<ol><li>Select 'Funding' and then 'Deposit'.</li><li>Follow on-screen instructions to complete the payment.</li></ol>For withdrawals, log in to the trading platform, select 'Add Funds,' and navigate to the 'Withdraw Funds' option. Notably, transfers may take up to 48 hours to process, and wire withdrawals incur a $25 fee up to $10,000. <h2>Trading Platforms</h2> A Suite of Robust PlatformsForex.com offers a diverse suite of trading platforms catering to various trading styles and preferences. Web TraderThe Forex.com Web Trader stands out as a proprietary platform, lauded for its user-friendly design, compatibility with most browsers, and an array of analytical tools. TradingViewProviding access to TradingView, Forex.com enhances the trading experience with intuitive charting tools, dynamic alerts, and a vibrant community forum. MetaTrader 4 (MT4)Dominating the FX and CFD trading scene, MetaTrader 4's popularity owes to its in-depth tools, customization options, and ease of navigation. Forex.com stands as a leading MetaTrader broker with a rich ecosystem of servers and add-ons. MetaTrader 5 (MT5)For advanced users, Forex.com introduces MetaTrader 5, offering enhanced tools and features, including a wider range of analysis tools and faster operations. <h2>How To Place A Trade</h2> <ol><li>Use the dashboard icon under 'File' to choose from the list of supported assets.</li><li>Select the page icon with the plus in the top left menu.</li><li>An order window will appear, allowing customization of instant or pending orders, stop loss, take profit levels, position size, and more.</li><li>Confirm the trade by selecting sell or buy.</li></ol> <h2>Evaluating Platforms:</h2> Forex.com's platform offerings cater to a wide spectrum of traders, from those engaged in complex market analysis to those seeking quick and easy web trading. In comparison with competitors like thinkorswim, Nadex, or similar systems, Forex.com's diverse platform offerings shine. <h2>Mobile Application</h2> Opening a Forex.com account unlocks the opportunity to download apps for Android and iOS devices. The app experience impresses with:<ul><li>Full trading capabilities.</li><li>Advanced charts and integrated trading tools.</li><li>Alerts, economic calendar access, and integrated Reuters news.</li><li>26 indicators and 13 drawing tools.</li><li>Quick navigation between live quotes, charts, and current positions.</li></ul> <h2>Regulation &amp; License</h2> Forex.com stands firm with robust regulation across multiple jurisdictions through its global entities. Regulators include the US NFA, CFTC, CIRO in Canada, CySEC in Cyprus, SFC in Hong Kong, FCA in the UK, and CIMA in the Cayman Islands. This extensive regulatory coverage assures traders of a trustworthy environment. <h2>Forex.com Leverage</h2> Leverage on Forex.com can vary based on location, account type, and trading volume. While leverage up to 1:200 is available, traders are cautioned to exercise prudence, given the potential amplification of losses associated with margin trading. <h2>Demo Account</h2> Forex.com generously provides two free demo accounts, allowing traders to hone their skills without risking real capital. Demo accounts are funded with $10,000 in virtual cash, offering a realistic simulation of live trading conditions. Tracking progress, understanding chart patterns, and refining strategies become seamless with Forex.com's demo accounts. However, traders should be mindful that slippage experienced in live accounts may not be fully reflected in the practice environment. <h2>Bonuses &amp; Promotions</h2> Forex.com sweetens the deal with a 20% welcome bonus, capped at $5000. To qualify, a minimum deposit of $250 and trading a minimum of 200 micro lots of currency pairs is required. Traders should note regional restrictions may impact bonus availability. <h2>Additional Features</h2> Forex.com stands out by offering an array of additional features to enrich the trading journey. Notable inclusions are:<ul><li>Learning Center: In-depth educational material, including the 'Learn to Trade Forex' course.</li><li>Interactive Courses: Chart pattern tutorials, risk management guidance, and interactive videos.</li><li>Webinars: Engaging sessions under the 'Foundations of Forex Trading' series, providing insights and analysis.</li><li>Comprehensive Reports: Quarterly outlooks, economic calendars, and technical reports.</li></ul> <h2>Customer Support</h2> Round-the-Clock AssistanceForex.com's customer support operates 24/5, accessible via telephone, email, and live chat. The live chat function stands out for its swift response, providing resolutions in less than a minute. <h2>Company Background</h2> Founded in 1999, Forex.com is now part of StoneX, a renowned financial services organization serving over a million customers globally. StoneX, listed on Nasdaq under SNEX, operates under the international City Index brand for spread betting. The rich legacy of Forex.com, coupled with StoneX's reputable standing, instills confidence in traders. <h2>Safety &amp; Security</h2> Forex.com prioritizes the safety of user funds, keeping deposits separate from operational funds across a global network of custodian banks. Encryption technology adds an additional layer of security, and adherence to guidelines set by the Risk Committee of Stone X reinforces trust. Notably, negative balance protection is extended to retail customers. <h2>Trading Hours</h2> Forex.com opens up FX trading 24 hours a day from 22:00 GMT on Sunday to 22:00 GMT on Friday. Traders should be mindful of potential market illiquidity at the start of the trading week, leading to widened spreads. Spot gold and silver market hours follow a slightly different schedule. <h2>Forex.com Verdict</h2> Forex.com emerges as a compelling choice, offering competitive pricing, diverse platforms, automated trading tools, and a rich educational repository. With reliable customer service and access to a wide range of assets, Forex.com caters seamlessly to both novice and experienced traders. In the realm of Forex.com vs. OANDA, FXCM, and other competitors, the former consistently ranks among the top, garnering acclaim from expert traders. <h2>Pros and Cons:</h2> Pros:<ul><li>Respected and trusted broker regulated by tier-one authorities.</li><li>Excellent trading tools, including Trading Central, SMART Signals, and MetaTrader 4.</li><li>Competitive pricing starting from 0.0 pips on popular forex assets.</li><li>Beginner-friendly web platform and mobile app.</li><li>Up to 15% cashback rebates for active traders.</li><li>Fast execution speed of less than 1 second.</li><li>Free demo account for prospective traders.</li><li>VPS hosting for automated strategies.</li><li>Low minimum deposit of $100.</li></ul> Cons:<ul><li>Investment offerings vary between countries.</li><li>$15 monthly inactivity fee.</li><li>No copy trading platform.</li></ul> In summary, Forex.com stands tall as a reliable partner in the intricate world of trading, offering a holistic experience that aligns with the diverse needs of traders across the globe. <h2>Forex.com Broker Details</h2> <img src="https://cdn.forexoverflow.io/images/1699854486849-qm49aj44ghxmyeb-forex-com-broker-details.png"> Disclaimer: - We at forexoverflow do not endorse neither refer anyone to trading broker websites. The information is for educational purpose and source of information is from the broker website.

Review of Forex.com Trading Platforms, Instrument Variety Pros and Cons  (1).png

Dive into the detailed exploration of Forex.com, a powerhouse in Forex and CFD trading. Discover diverse trading products, competitive fees, and a suite of platforms. From account setup to app experiences, this review guides you through every facet, helping you decide if Forex.com is your optimal trading partner. Explore the pros, cons, and a wealth of features that set Forex.com apart in the dynamic world of online trading.

Unveiling Forex.com: A Comprehensive Review of Trading Excellence and Platform Diversity

Reviewing Forex.com: A Comprehensive Review of Trading Excellence

Venturing into the financial landscape, <a href="https://errante.eu/" rel="noopener noreferrer" target="_blank">Errante</a> stands as an online brokerage, offering competitive trading on forex, stocks, indices, cryptos, and commodities. With over 30 years of industry expertise, Errante facilitates the connection of traders to global markets through the MT4 and MT5 trading platforms. This evaluation delves into the expansive realm of Errante's services, exploring everything from trading apps to spreads, fees, welcome no-deposit bonuses, leverage, and the array of account types. Our experts provide a comprehensive verdict on this multi-regulated brokerage. <img src="https://cdn.forexoverflow.io/images/1699683085158-vjt3l6qcjp2dwvv-errante.png"><h2> </h2><h2>Key Insights</h2> <ul><li>Errante emerges as an ideal choice for beginners, featuring a low initial deposit, copy trading services, and a plethora of free educational resources.</li><li>High-volume traders, however, might discover more favorable fees and advanced tools at alternative brokers.</li></ul> <h2>Company Insights</h2> Errante, a Cyprus-based forex and CFD broker, extends its trading services across various asset classes via the widely embraced MetaTrader platforms.<ul><li>In Europe, Notely Trading Ltd owns and operates the brand, authorized and regulated by CySEC under license number 383/20.</li><li>Outside Europe, Errante Securities (Seychelles) Ltd manages the broker, regulated by the Seychelles Financial Services Authority (FSA) under license number SD038.</li></ul> <h2>Trading Platforms</h2> Errante proudly offers the popular MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms, accessible on Mac, Windows, Android, and iOS devices. MetaTrader 4Renowned for its versatility, MT4 boasts powerful features, one-click trading, unlimited charts, 24 analytical objects, 30 technical indicators, and over 2000 custom indicators. Notably, MT4 is exclusively supported for Errante's global clientele. MetaTrader 5This cutting-edge platform is fully customizable, providing clients with advanced tools for qualitative and quantitative analysis. With 21 time frames, unlimited charts, 44 analytical objects, and over 38 technical indicators, MT5 serves as a multi-asset platform, catering to experienced traders worldwide. <h2>Navigating the Markets</h2> Errante facilitates trading across five diverse asset classes, ensuring a comprehensive range of investment opportunities:<ul><li>Forex: Trade 50 forex pairs, including majors and minors.</li><li>Shares: Access global shares from companies like Amazon, Alibaba, and Google.</li><li>Indices: Dive into some of the world's most liquid indices, including UK100, NASDAQ, S&amp;P 500, and Dow Jones.</li><li>Energies and Commodities: Diversify your portfolio with Crude and Brent Oil or Natural Gas.</li><li>Metals: Engage in spot trading of Silver, Gold, Platinum, and Palladium.</li><li>Cryptos: Trade leading cryptocurrencies such as Bitcoin, Litecoin, Ethereum, and Ripple.</li></ul><h2> </h2><h2>Errante Leverage</h2> Leverage, in accordance with CySEC regulation, is available up to 1:30. However, under FSA regulation, higher leverage rates up to 1:500 are accessible. While leverage enhances returns, traders must remain cautious of potential significant losses, with a margin call set at 100% and a stop-out level at 20%. <h2>Spreads &amp; Commission</h2> Errante's trading fees, especially for popular assets like major forex pairs and large indices, are found to be fairly standard. Spreads begin at 1.5 pips with the Standard account, reducing to 0.0 pips with the Tailor Made account, which incurs a commission charge. <h2>Mobile Experience</h2> Although Errante lacks a proprietary mobile trading app, clients can download the MT5 platform on their mobile devices. However, some features may be limited, making technical analysis more challenging. Managing accounts, including deposits and withdrawals, is also less user-friendly on mobile compared to desktop. <h2>Managing Finances</h2> Errante provides a range of funding methods for deposits, including wire transfers, credit/debit cards, e-wallets, and cryptocurrencies. The minimum deposit is $50/€50, with no associated fees. Withdrawals must be made to the originating account and are processed promptly, varying in duration based on the method. <h2>Demo Accounts</h2> Prospective clients can engage in risk-free trading through Errante's demo account, an invaluable tool for familiarizing oneself with the MT5 platform and experimenting with new strategies. <h2>Bonuses &amp; Rebates</h2> In compliance with CySEC regulations, Errante refrains from offering promotional bonuses. This might be a downside compared to competitors who often provide deposit bonuses and cashback schemes. <h2>Regulation &amp; License</h2> Errante maintains regulation under the Cyprus Securities and Exchange Commission (CySEC) and the Seychelles Financial Services Authority (SD038). While a reliable choice, it's crucial to note that the Seychelles FSA does not provide the same level of regulatory scrutiny as top-tier financial watchdogs. <h2>Additional Features</h2> Errante stands out with its wealth of educational materials, ranging from free resources in the Education Centre to a weekly newsletter, the Newsroom. Copy trading services, available globally, further enhance the broker's appeal. <h2>Account Variety</h2> Errante caters to diverse capital requirements and trading styles with its four account types:<ul><li>Standard</li><li>Premium</li><li>VIP</li><li>Tailor Made</li></ul>Each account type comes with varying deposit requirements, spreads, and additional benefits, ensuring flexibility for traders. <h2>Opening an Account</h2> Registering for an Errante account is a swift process, taking just five minutes. However, it necessitates providing essential details like title, name, country of residency, phone number, and email, along with confirming non-US citizenship. <h2>Customer Support</h2> Errante offers 24/5 customer support through phone, email, and a ticket system. The FAQ page provides quick responses to general queries, enhancing the overall customer experience. <h2>Safety &amp; Security</h2> Employing industry-standard safety measures, Errante safeguards client funds through top-tier banking institutions and segregated accounts. European clients benefit from the Investor Compensation Fund for added security in case of financial challenges. <h2>Broker Ranking</h2> As an established and regulated broker, Errante offers a diverse range of tradeable instruments at competitive rates. While its strengths include the acclaimed MT4 and MT5 platforms, flexible account options, and a copy trading service, potential drawbacks include limited shares and platform availability based on geographical regions. <h2>Pros and Cons</h2> Pros:<ul><li>Reputable and trustworthy multi-asset broker</li><li>Supports cTrader, MT4, and MT5 platforms</li><li>Extensive range of cryptocurrencies</li><li>Robust educational content and useful trading tools</li><li>Account opening in four easy steps</li><li>Copy trading available</li><li>Low starting deposit</li></ul>Cons:<ul><li>Limited selection of shares</li><li>MT4 not available for EU traders</li><li>Unlocking advanced educational content comes with a cost</li><li>High deposits required for advanced account tiers with favorable trading terms</li></ul> <h2>Errante Broker Details</h2> <img src="https://cdn.forexoverflow.io/images/1699683327922-fg24937yxa0eexv-errante-broker-details.png"> Disclaimer: - We at forexoverflow do not endorse neither refer anyone to trading broker websites. The information is for educational purpose and source of information is from the broker website.

Review of Errante Trading Platforms, Instrument Variety Pros and Cons  (1).png

Dive into our in-depth exploration of Errante, a reputable online broker. Discover the intricacies of their trading platforms, a myriad of instruments, and weigh the pros and cons. From MetaTrader to leverage details, make informed decisions on your financial journey with Errante.

Unraveling Errante: A Comprehensive Review of Trading Platforms, Instruments, and Pros/Cons

Reviewing Errante 2023: Unveiling Regulations, Platforms, Trading Instruments, and the Pros and Cons

<a href="https://www.atfx.com" rel="noopener noreferrer" target="_blank">ATFX</a>, a distinguished online broker, has earned accolades for its prowess in providing forex trading, CFDs, and spread betting services tailored for professional investors. In this 2023 exploration, we delve into the MetaTrader 4 (MT4) trading platform, assess account safety and security, and scrutinize leverage rates. <img src="https://cdn.forexoverflow.io/images/1699637135526-e9euc4q8igx04vl-atfx.png"><h2>The ATFX Journey</h2>Regulated in the UK, ATFX swiftly ascended, prioritizing customer service and maintaining competitive trading costs. The broker empowers professional clients to invest in various assets through a user-friendly platform, seamlessly supporting the MetaTrader 4 software. ATFX boasts competitive pricing, coupled with a cutting-edge client portal fortified by leading encryption security systems. Leveraging state-of-the-art bridging technologies, ATFX ensures optimal rates from liquidity providers. Account initiation is swift, providing users the freedom to commence trading immediately, complemented by a free demo account for systematic system and strategy testing. Additionally, ATFX facilitates super-fast deposit and withdrawal systems, accompanied by a mobile application for on-the-go trading. Clients relish 24/5 customer service from a seasoned team of experts. <h2>Unveiling the History</h2> Founded in 2017, ATFX UK thrives in Cornhill, the heart of the City of London. While targeting professional day traders, the platform caters to beginners with insightful learning and support features. <h2>The Professional Trader Criteria</h2> Embarking on a journey with ATFX necessitates meeting specific professional trader criteria:<ul><li>Professional financial services experience of at least one year with knowledge of derivatives trading.</li><li>A track record of at least ten significantly sized trades per quarter over the last year.</li><li>An investment portfolio, including cash deposits, exceeding €500,000.</li></ul>To register for a professional account, contact <a href="mailto:cs.uk@atfx.com" rel="noopener noreferrer" target="_blank">cs.uk@atfx.com</a>. <h2>The Trading Platform: MT4 Dominance</h2> ATFX orchestrates trading through the MetaTrader 4 platform, supporting all mobile devices. The Windows version offers multilingual, multi-currency trading support. A VPS service ensures continuous connectivity, and the MT4 desktop boasts customizable libraries, indicators, and scripts, accommodating diverse trading styles. The MT4 platform hosts over 2000 indicators and 30 chart analysis tools. Users enjoy flexibility in setting preferred display methods and parameters for various chart types and indicators. Automated trading strategies, facilitated by Expert Advisors (EAs), elevate the trading experience. While lacking MT5, ATFX compensates with a WebTrader plugin for the MT4 platform, optimizing web-based performance with features like one-click trading, real-time information, and advanced charting. <h2>Empowering Traders: Trading Central</h2> ATFX’s Trading Central stands as a premier technical analysis resource for professional clients, garnering respect globally. The facility furnishes in-depth analysis and technical strategies for assets spanning precious metals, commodities, and currencies. Affiliated with key associations and regulatory bodies, Trading Central enhances trader confidence. <h2>Diverse Asset Portfolio</h2> Clients at ATFX can engage in speculation across a diverse array of assets:<ul><li>Oil: Crude oil and commodity-based oil ETFs.</li><li>Forex: A comprehensive selection of 44 currency pairs, available 24/5.</li><li>Share CFDs: Over 170 major shares CFDs from Germany, Spain, the UK, and the US.</li><li>Spread Betting: Speculating on price fluctuations of various assets, including forex and metals.</li><li>Cryptocurrency CFDs: Bitcoin, Bitcoin Cash, Binance, Cardano, Chainlink, Dogecoin, Ethereum, Litecoin, Polkadot, Stellar, and Uniswap.</li><li>Indices: 13 variations of share indices from the US, Europe, and Asia.</li><li>Precious Metals: London Silver and London Gold, with leverage up to 1:20 for day traders.</li></ul>ATFX’s “no dealing desk” policy enhances transparency in trading conditions.<h2> </h2><h2>Spreads &amp; Commission: </h2> Spread betting with ATFX entails no UK stamp duty or capital gains tax, coupled with competitive spreads at just 0.6 pips. Traders benefit from a maximum margin of 1:30, empowering speculation on both rising and falling markets. MT4 features stop-loss limit orders and balance protection. <h2>Leveraging Opportunities</h2> ATFX offers default leverages for various assets:<ul><li>Oil: 1:100</li><li>FX (Forex): 1:50</li><li>Shares CFDs: 1:20</li><li>Silver and Gold: 1:200</li><li>Cryptocurrencies: 1:5</li><li>Indices: 1:100 or 1:50 for USDX</li></ul> <h2>Mobile Apps: </h2> ATFX’s mobile trading platforms, compatible with MetaTrader 4, cater to Apple and Android users. The apps empower on-the-go trading, offering advanced charting and full functionality. <h2>Deposits &amp; Withdrawals</h2> ATFX facilitates fee-free deposits, supporting various methods like debit/credit cards, e-wallets, and bank transfers in EUR, GBP, and USD. Withdrawal requests are processed within one working day. <h2>Demo Account: </h2> ATFX extends a demo account, a valuable tool for traders to acquaint themselves with the platform and refine strategies. <h2>Deals &amp; Promotions</h2> Citizens of select countries can benefit from a rebate promotion, earning $2 per lot deposited $1,000 monthly. <h2>Additional Features</h2> i) Webinars: ATFX hosts webinars featuring Mr. Alejandro Zambrano, a seasoned professional trader, providing insights into technical and fundamental analysis. ii) Forex Education Center: The platform houses a comprehensive forex education center, offering eBooks and courses on MetaTrader 4, economics, cryptocurrencies, social trading, trading strategies, and capital management. iii) Event Calendar: Traders receive real-time financial market news and overviews, enhancing their trading decisions. <h2>Regulatory Assurance</h2> ATFX UK holds regulation from the Financial Conduct Authority (FCA), ensuring client fund segregation. Additionally, the broker is regulated in North America and the Middle East, appealing to traders in diverse regions. <h2>Account Types</h2> ATFX offers three account types: Standard, Edge, and Premium, with specific requirements and benefits. Notably, only the Premium account is available to professional traders. <h2>Trading Hours</h2> While the site operates 24/7, trading aligns with market hours for respective assets. <h2>Customer Support</h2> ATFX earned the ADVFN award for Best Customer Service in 2019. The broker prioritizes a customer-centric approach, offering multilingual support through live chat, phone lines, and email. <h2>Client Security: </h2> Utilizing leading data encryption technology, ATFX ensures a secure trading environment. Client funds are held in segregated accounts, providing protection in case of insolvency. The broker is FCA registered, and client investments up to £85,000 are safeguarded under the FSCS. <h2>The ATFX Verdict</h2> Headquartered in London, ATFX stands out for its diverse asset offerings, competitive spreads, and user-friendly MetaTrader 4 platform. While catering predominantly to professional clients, the broker provides an array of features, ensuring a secure and efficient trading experience. <h2>Pros and Cons: </h2> Pros:<ul><li>Prime execution and tailored liquidity for professional clients.</li><li>Strong FCA and CySEC regulation with an excellent industry reputation.</li><li>Unrestricted trading in the MT4 platform with competitive spreads.</li><li>High-quality webinars, e-books, and trading courses for clients.</li><li>Premium account holders gain full access to Trading Central.</li></ul>Cons:<ul><li>Limited support for retail clients.</li><li>Sole reliance on the MT4 platform.</li><li>Asset offerings are fewer compared to some alternatives.</li></ul>In conclusion, ATFX emerges as a formidable player in the online brokerage landscape, delivering a blend of reliability, innovation, and regulatory adherence.&nbsp;<h2>ATFX Broker Details</h2> <img src="https://cdn.forexoverflow.io/images/1699637416159-x519c2wp2col86p-atfx-broker-details.png"> Disclaimer: - We at forexoverflow do not endorse neither refer anyone to trading broker websites. The information is for educational purpose and source of information is from the broker website.

Review of ATFX Trading Platforms, Instrument Variety Pros and Cons  (1).png

Dive into our comprehensive ATFX review for 2023, exploring the broker's award-winning services, MetaTrader 4 dominance, and a diverse asset portfolio. Uncover pros and cons, regulatory assurances, and discover why ATFX is a leading choice for professional traders worldwide.

Reviewing ATFX: A Comprehensive Analysis of Regulations, Trading Platforms, and Broker Features

ATFX Review 2023: Unveiling Pros, Cons, and the MetaTrader 4 Advantage

Established in the vibrant forex and CFD landscape in 2013, <a href="https://acy.com/" rel="noopener noreferrer" target="_blank">ACY Securities</a> stands as a formidable broker hailing from the shores of Australia. The unique distinction lies in its dual regulatory framework, providing a global gateway to an extensive array of over 2,200 assets. This diverse portfolio is accessible through two of the most sought-after day trading platforms: MT4 and MT5. Delve into our comprehensive 2023 review to unravel the intricacies of ACY Securities, covering fees, assets, licensing, security, and beyond. <img src="https://cdn.forexoverflow.io/images/1699604168002-a9fzvvtz7gmt0lg-acy-securities.png"> <h2>ACY Securities:</h2> The saga of ACY Securities unfolds in the dynamic realm of Melbourne, Australia, where it originated as ACY Capital in 2013, spearheaded by the visionary CEO, Jimmy Ye. A pivotal moment came in 2014 when ACY set sail for Sydney, forming a strategic alliance with OANDA, the world's 5th largest forex enterprise. This partnership paved the way for ACY to offer a spectrum of services, including professional forex market tutorials, real-time analysis, and personalized trading training. The shift to Sydney marked the commencement of ACY's global expansion, establishing offices in China and various Asian countries. The year 2018 witnessed a strategic move, with the acquisition of Synergy Financial Markets (SynergyFX), a prominent Australian forex dealer, catapulting ACY's customer base to a global scale. Now rebranded as ACY Securities, adorned with a clear and minimalist logo, the company channels its energy into technological prowess. It boasts an extensive product line, encompassing FX, stocks, indices, ETFs, and commodities. Distinguishing itself as an ECN broker with no dealing desk (NDD), ACY Securities taps into interbank liquidity from 16 of the world's premier banks and financial institutions. The accolades amassed over the years echo the company's credibility, with the most recent feather in its cap being the 'Best Multi-Asset Broker in Australia in 2020,' bestowed by the esteemed tech magazine Technology Era. <h2>Navigating the ACY Securities Terrain</h2> Embarking on the ACY Securities journey involves a strategic four-step process:<ol><li>Open An Account: Navigate to the top right-hand corner, click the "Open An Account" button, and select your country and account type.</li><li>Verify Your Account: Complete a comprehensive six-page registration form and upload pertinent ID documentation.</li><li>Fund Your Account: Choose from an array of methods to load your account.</li><li>Begin Trading: Dive into the realms of stocks, forex, commodities, or ETFs.</li></ol> <h2>Trading Platforms</h2> ACY Securities leverages the ubiquitous MetaTrader 4 and MetaTrader 5 platforms, revered by millions of traders worldwide. These platforms, tailored for desktop, web, and mobile use, deliver a robust user experience. The MetaTrader app, available for Android (APK) and Apple (iOS) devices, further enhances accessibility. The feature-rich MT4 supports multiple order types, offering users access to 24 analytical tools, 30 inbuilt technical indicators, and various chart types. On the other hand, MT5, the successor to MT4, retains the essence while introducing global stocks, additional chart time frames, more order types, advanced technical indicators, DOM level II pricing, an economic calendar, and a multi-currency strategy tester. <h2>Diverse Account Offerings</h2> ACY Securities presents three distinct account types, catering to varied trader needs. Each type boasts leverage rates of up to 1:500 (subject to location). The minimum trading volume stands at 0.01 lots, and accounts can be denominated in USD, AUD, EUR, GBP, NZD, CAD, or JPY.<ol><li>Standard Account: A minimum deposit of $50, variable spreads, with fees incorporated into the spread.</li><li>ProZero Account: Commencing with a $200 deposit, ProZero accounts flaunt ultra-low spreads starting at 0.0 pips.</li><li>Bespoke Account: Tailored for high-volume, professional traders, requiring a minimum deposit of $10,000, with spreads starting at 0.0 pips.</li><li>Islamic Accounts: For those seeking a swap-free Islamic account, a simple contact to ACY Securities customer support transforms a Standard account into a halal-compliant haven.</li></ol> <h2>Demo Account</h2> Whether honing your platform proficiency or experimenting with risk-free trading strategies, ACY Securities provides a dynamic demo account. Laden with $100,000 in virtual funds, this account serves as a training ground for 30 days, seamlessly transitioning to a live account whenever you're ready. <h2>Fee, Spread and Commission</h2> Delving into the fee dynamics, ACY Securities offers competitive, variable spreads contingent on account type, assets, and market conditions. ProZero and Bespoke accounts showcase minimal spreads, plummeting to 0.0 pips. Standard accounts, while devoid of commissions, embed fees within the spread. ProZero accounts incur a commission charge of USD 6/AUD 8.5 for forex and metals, while Bespoke accounts reduce this to USD 5/AUD 7. Indices remain commission-free. ACY Securities ensures fee-free withdrawals within Australia thrice a month, with subsequent transactions attracting a USD 25 fee. For international bank transfers, a USD 25 service charge looms. Skrill imposes a 3% merchant fee per withdrawal. Deposits, however, remain free for Australians, with international users potentially encountering charges for international bank transfers. <h2>ACY Securities Trading Instrument</h2> The ACY Securities canvas unfurls an extensive array of over 2,200 CFDs, spanning forex, metals, indices, commodities, ETFs, and shares. <ul><li>Shares: MT5 users relish access to 800+ global shares, encompassing the NYSE, Nasdaq, and ASX, featuring stalwarts like Apple, Amazon, BHP, and Commonwealth Bank.</li><li>ETFs: Over 75 ETF CFDs grace the platform, representing diverse sectors such as oil, technology, and energy.</li><li>Forex: With CFDs on over 60 FX pairs, including majors and crosses, ACY Securities opens doors to the vast and liquid realm of the forex market.</li><li>Commodities: From crude oil to precious metals, ACY Securities allows trading across a spectrum of popular commodities.</li><li>Indices: ACY Securities extends access to a plethora of stock index CFDs, mirroring global indices like S&amp;P500, Dow Jones, Nasdaq, Dax, FTSE, Euro Stoxx, Hong Kong 50, Nikkei, China A50, and S&amp;P ASX 200.</li></ul> <h2>Leverage</h2> Leverage emerges as a powerful tool, amplifying the impact of your investments. ACY Securities presents varying leverage options, reaching up to 1:500 based on account type and location. The breakdown unveils:<ul><li>TFs: 1:5</li><li>Stocks: 1:5</li><li>Forex: 1:30</li><li>Indices: 1:20</li><li>Commodities: 1:10</li><li>Precious Metals: 1:20</li></ul> <h2>Deposits &amp; Withdrawals</h2> Navigating the financial terrain, ACY Securities facilitates diverse payment methods for its global clientele. Wire transfers, credit cards, debit cards, Skrill, Doku Wallet, POLi, PayPal, Neteller, FasaPay, Perfect Money, Trustly, and China UnionPay form the arsenal. Deposits are fee-free for Australians, but international bank transfers may incur charges. Bank transfers take 2-3 business days, while card withdrawals stretch to 3-5 business days.Withdrawals unfold through the Client Portal (Cloud Hub), with requests before 14:00 AEST processed the same day. Post-14:00 AEST requests might linger until the next business day. Users relish three free withdrawals monthly to Australian banks, with additional withdrawals or international transfers incurring a USD 25 service charge. Skrill imposes a 3% merchant fee per withdrawal. <h2>Safeguarding and Regulating the ACY Realm</h2> Nestled in Chatswood, NSW, Australia, ACY Securities, a privately owned entity, bears dual licenses. ACY AU, regulated by the Australian Securities and Investments Commission (AFSL 403863), caters to Australian clients. Simultaneously, ACY LLC operates under the St. Vincent and the Grenadines Financial Services Authority (SVGFSA), serving the international clientele, adhering to local laws and regulations.Client funds reside in segregated accounts with AAA-rated banks: the Commonwealth Bank Australia and HSBC. Rigorous audits ensure compliance with regulatory requirements. The ACY Securities FSG and PDS are accessible upon request or registration. <h2>Customer Support</h2> ACY Securities boasts a 24/5 customer support orchestra, harmonizing assistance in multiple languages. Contactable via phone, email, or live chat, the support team stands ready in the website's lower right corner. Contact details span Taiwan, Australia, and international lines, reflecting the brand's commitment to global accessibility.<ul><li>Email: <a href="mailto:support@acy.com" rel="noopener noreferrer" target="_blank">support@acy.com</a></li><li>Taiwan: 02 5594 4927</li><li>Australia: 1300 729 171</li><li>International: +61 2 9188 2999</li><li>China Mainland: 950 4059 5638</li></ul>The support team's friendly, helpful, and patient demeanor shines through, amplified by the brand's social media presence on Facebook, Twitter, Instagram, LinkedIn, and YouTube. <h2>ACY Education: Empowering Traders</h2> ACY Securities houses an education portal, a treasure trove offering forex learning resources for traders at all levels. Market analysis, webinars, market news, forex e-books, and 60+ forex trading tutorials enrich the educational landscape. <h2>Bonuses and Beyond: ACY Securities Promotions</h2> The ACY Securities saga continues with enticing promotions and bonuses. A 60% welcome bonus for initial deposits up to $500 beckons, along with the tantalizing Level Up Reward Program, offering up to $0.50 per lot traded.In a unique twist, depositing $50K into your trading account and meeting minimum volume requirements opens the door to a limited-edition signed &amp; framed Tim Cahill jersey, a testament to ACY Securities' alliance with soccer player and brand ambassador Tim Cahill. <h2>ACY Securities Verdict</h2> In the vast expanse of brokerage options, ACY Securities emerges as a regulated stalwart, etching a reputation grounded in reliability. From its Australian roots to global recognition and a plethora of awards, the company delivers a high standard of service globally. An expansive asset catalog, educational initiatives, and ECN market access form the pillars of its offering. However, international clients may grapple with the specter of charges on withdrawals. <h2>Pros and Cons </h2> Pros:<ul><li>ACY Securities' regulation by the top-tier ASIC, complete with negative balance protection and segregated client funds, instills confidence.</li><li>The flexibility to choose between industry-renowned MT4 and MT5 terminals, coupled with additional tools like Capitalise.ai, resonates with discerning traders.</li><li>A rich repertoire of 15+ commission-free payment methods, aligning with top competitors, enhances convenience.</li><li>Responsive 24/5 customer support, featuring local and international telephone numbers, coupled with live chat support, adds a layer of accessibility and assistance. The extensive range of over 2,200 CFD instruments caters to diverse trading preferences, all accompanied by competitive fees.</li><li>The suite of analyst insights and educational content, comprising market analysis, webinars, and over 60 forex trading tutorials, stands as a comprehensive resource aiding informed trading decisions.</li></ul> Cons:<ul><li>The international entity's regulation by the St Vincent and the Grenadines Financial Services Authority may raise concerns for traders seeking the same safeguarding measures as the ASIC-regulated branch.</li><li>Crypto enthusiasts might find a void, as digital currencies are conspicuously absent from ACY Securities' offerings.</li></ul> In summary, ACY Securities emerges as a formidable force in the brokerage landscape, blending regulatory robustness with a diverse product range and educational support. While certain nuances might give pause to international traders, the overall package reflects a commitment to transparency, accessibility, and trader empowerment. As the financial landscape continues to evolve, ACY Securities holds its ground as a reliable ally for traders navigating the complexities of the market. <h2>ACY Securities Broker Details</h2> <img src="https://cdn.forexoverflow.io/images/1699604479558-43mydvkorm3c2r6-acy-securities-broker-details.png"> Disclaimer: - We at forexoverflow do not endorse neither refer anyone to trading broker websites. The information is for educational purpose and source of information is from the broker website.

Review of ACY Securities Trading Platforms, Instrument Variety Pros and Cons  (1).png

Dive into the world of ACY Securities – a regulated brokerage offering a diverse array of assets. Explore the intricacies of MT4 and MT5 platforms, leverage options, and a comprehensive suite of educational resources. Uncover the pros and cons of this global player, empowering traders with insights, competitive fees, and a commitment to transparency in the ever-evolving financial landscape.

GBP/JPY Outlook: Minimal Gains Amidst Mixed Signals- 19-07-2023.

GBP/JPY Analysis

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