Category: Forex Trading

MT4 allows traders to fully analyze price charts with advanced tools and even automate the trading process. Forex and CFDs are offered on MT4 and stock CFDs can be traded through the broker’s proprietary web platform. This web platform can also be used to trade all trading instruments and is offered for mobile trading as there is no MT4 provided for mobile devices. FXTB MT4 offers over 50 inbuilt technical indicators, full customizability, and three separate chart types.

Their education center on the website provides thorough materials on Forex, commodities and more. They offer trading analysis, leverage and margin, and market news along with Trading Center market alerts and advanced study. In this section we’ll show you how to open a live trading account with FXTB. The registration process and account activation are digital and intuitive, and the broker’s web page is very user-friendly. In addition, customer support agents are available 24/5 in 7 languages in case you have any questions.

Each of these accounts differs in terms of features such as the spreads offered and the minimum deposit needed to trade. You need to choose the account that is most suited to your needs. All accounts feature the same competitive trading conditions and available services, they only differ depending on the withdrawal fees offered by the broker.

Meta Trader 4 (MT

Nothing on this site constitutes advice or a recommendation – you use the site and its contents at your own risk. Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. The broker offers a few different channels when it comes to getting in contact with customer support.

What is the minimum deposit to create a ForexTB account?

It was founded back in 2015, and since then, it has been offering exceptional trading and investment opportunities. ForexTB has a far-sighted vision to provide its services all over the globe. However, the platform is operating in the European region currently.

However, I noted that there are no past or future events listed, which limits the availability of live learning opportunities. And while there are a few trading e-books accessible on the site, registration as a client is required to view them, which could be a deterrent for some users. The asset calculation tool is also a nice touch for beginners, simplifying tasks such as finding spreads, swaps, trade sizes, and fees with just a few clicks. The platform also supports automated trading and allows for seamless switching between nine timeframes while enabling you to open an unlimited number of charts. Therefore, it’s crucial to remain vigilant, as there may be additional fees that apply to individual circumstances. Additionally, there is an inactivity fee, set at €20 per month after just one month of no trading activity.

Every market has an end of day time which is considered to mark the transition from one day to another. Any positions open at this time are charged a swap fee which varies activtrades review depending on the asset. To put this into perspective, the U.S. stock market trades around $257 billion a day; quite a large sum, but only a fraction of what forex trades. It is under the regulation of Cyprus investment firm, along with European Economic Area and Cyprus Securities and Exchange Commission.

In addition to Trading Central, FXTB also provides free trading tips. These tips can be invaluable for traders looking to gain an edge in the competitive forex market. They offer insights into trading strategies, market trends, and other key aspects of forex trading. This resource can be particularly useful for beginners who are still getting familiar with the jargon of the forex market. To provide more in-depth educational sessions, FXTB conducts ongoing webinars.

FXTB Review: A broker with extremely high spreads and no mobile app

FXTB trading instrument range offers over 300 desirable financial assets to choose from. At ForexTB, you can dive into global markets, and trade CFDs on Forex assets, such as EUR/USD, GBP/USD, or trade CFDs on Commodities such as gold, silver, and crude oil. Our experts have determined that FXTB is a great broker, providing reliable service and highly conducive trading conditions perfect for traders of all levels. Whether novice or veteran, customers can expect nothing but the best from this excellent provider.

Digital currencies are becoming more and more popular as their adoption continues to grow and XTB has 29 crypto CFDs. This is not a low number for Forex brokers and the spreads are also very attractive. All cryptos are paired against USD and they are available on both the web and MT4 platforms.

forextb Review

Unlike competitors such as Hantec Markets, FXTB does not offer support for MT4’s Multi-Account Manager (MAM) feature, which simplifies the management of multiple accounts from a single interface. Overall, I’ve found WebTrader to be a user-friendly platform that simplifies the trading process, particularly for newcomers to the market. I also appreciate the ability to overlay multiple graphing tools for market sentiment analysis and the option to switch between light and dark modes. Based on the available information, it is not possible to confirm whether FXTB offers discounts, coupons, or promo codes. It is recommended to check the official website or contact FXTB directly for the most accurate and up-to-date information.

1. Opening an account is the first step to landing in the trading world.
2. This fee is also high compared to brokers like XTB, which imposes a €10 fee after 12 months of inactivity.
3. For some reason, you won’t hear much about him from advertising, but I think it’s even good.
4. In addition to providing personal and account details, new customers must verify their identity and prove their place of residence, as is customary in any regulatory process in compliance with the AML standard.
5. Trading Futures and Options on Futures involves substantial risk of loss and is not suitable for all investors.

Clients can phone or email or use the handy live chat facility available on each page of the website. Details of how to get in touch can be found on the contact page of the website, and customer support staff are quick to respond, aafx trading review during business hours, which are 24 hours a day, 5 days a week. Both new and existing customers can use all available support channels.

While using the WebTrader platform, I’ve found it to be relatively basic compared to similar offerings from other brokers. However, it does boast some useful features such as one-click trading, six chart types, and a variety of indicators. The range of CFDs at FXTB will probably be fine for beginner traders with EUR/USD and GBP/USD currency pairs, plus commodities including gold, silver and crude oil. While on the surface these accounts cater to various budgets, they don’t surpass many rivals. Competitors like Eightcap and IC Markets boast narrower spreads with minimum deposits as low as €100.

The platforms both offer access to Trading Central, with a variety of resources, including daily market analysis, analyst views and featured ideas. To evaluate brokers, we test the accounts, trading tools and services provided. Over 100 data points are considered, from minimum deposits and trading fees to the platforms and apps available.

MT4 mobile offers various charting capabilities and customization which is fantastic for mobile trading along with full management of your account. Platinum account holders can make 3 withdrawals for free each month. Gold account members can make one withdrawal for free each month. Basic account holders can make one withdrawal for free, with charges each time you withdraw from then on.

They aim to provide one of the most secure trading conditions in the industry with high standards set for responsible trading and safety of clients. I am impressed with the great range of trading product and features they offer within a regulated environment. I like the trading environment at FXPrimus for high-frequency traders in the Primus Zero account, which offers highly competitive trading conditions.

If you don’t have your own computer or mobile to hand, you can login to the web platform from another device without needing to install any software. The commission-free pricing environment begins with an expensive 1.5 pips or $15.00 per round lot and is the only one that offers MT4 and cTrader. BrokerNotes.co provides unbiased forex broker reviews and ratings to help traders and investors find the best broker for their needs. All content is researched, fact-checked, and edited by our research team and all ratings and rankings are based on the team’s in-depth product testing.

FXPRIMUS Review

1. FXPrimus was established in 2009, positioning itself as a broker offering a wide range of platforms in the forex and CFD trading industry.
2. Traders may e-mail, use a web form, or messenger apps Messenger, WhatsApp, WeChat, Zalo, Line, and Telegram.
3. Safety is evaluated by quality and length of the broker’s track record, plus the scope of regulatory standing.
4. In addition to this, they also have professional indemnity insurance via the Howden Group.

There are 3 accounts to choose from, the variable account, ECN premium account and VIP account. The main difference between each of the accounts are the features that you get access to. You can choose from low spreads or no commission fee, depending on what works best for your strategy. They also provide demo accounts if you would like to test the trading platforms and conditions before opening a real account. FXPrimus offers traders demo accounts and does not list a time limit on its website. Demo accounts are ideal for testing new trading strategies and bug-fixing algorithmic trading solutions.

I recommend beginners read them to understand some basics before enhancing their education with trusted third-party sources available online free of charge. Joey Shadeck is the Content Strategist and Research Analyst for BrokerNotes.co and ForexBrokers.com. He holds dual degrees in Finance and Marketing from Oakland University, and has been an active trader and investor for close to ten years.

They conduct regular financial and compliance audits that are externally authenticated to ensure independent, transparent and accurate review of the company finances. Their systems are encrypted with 128-bit keys to safekeep information that is transferred across and prevent third-party access. They have a global footprint with data centres in New York, London, Hong Kong, China and Singapore.

Overall, I think FXPRIMUS can be a great choice of broker for trading forex. They have very competitive trading conditions including spreads from 0.0 pips, low fees and quick execution. You get access to trade via the intuitive MT4 platform on all of your devices. I like the diversity of account types and abundance of funding options available.

Mobile trading apps at FXPrimus

The asset selection is small but suits traders who require few but liquid assets, while FXPrimus provides MT4, MT5, and cTrader. Only MT4 is available for the Primus Zero account, where this broker ranks among the leading providers amid etoro review high leverage and low costs. FXPrimus is an execution-only broker focused on the core trading environment.

Where is FXPrimus from?

FXPRIMUS can provide direct market access (DMA) using an exclusive FIX Protocol for those who want a more customised experience with faster execution speeds. It is worth noting that access to the Platinum API does require minimum deposit of $50,000 although margin requirements on some instruments are as low as 1% through the API. Regulation across multiple jurisdictions helps to give traders confidence that they are trading with a reputable and trustworthy broker that must uphold the highest of standards. I don’t have any problem with the regulations in place and trust them with my funds.

If you are new to trading online then I am sure you will be pleased with the amount of educational content. There is insightful market analysis and trading signals to help inspire trade ideas. Overall, this is a well-established online trading broker with great emphasis put towards client safety and education. They have over a decade’s worth of experience within the industry lmfx review whilst utilising some new technologies to continue to try and improve their offering to traders.

The VIP trading signals give you access to trading signals with live notifications and alerts, including technical analysis for potential trade entry and exit points across different instruments. Clients that maintain an account of at least $10,000 qualify for a lifetime subscription of VIP trading signals that can be accessed from within the FXPRIMUS members area. The former has eleven video tutorials, which guide beginner traders through the account opening, verification, and funding, installing the MT4 trading platform and registering as a partner. Given the wealth of free and paid-for research available online, I do not consider its absence a negative. While it creates a services gap with many competitors, FXPrimus maintains a competitive environment suited for advanced high-frequency traders who do not require research. One of the most ignored trading costs is swap rates on leveraged overnight positions.

They are a testament to the ongoing effort by FXPrimus to maintain a competitive edge for its clients. Accounts can be opened in a decent choice of currencies which are EUR, USD, GBP, SGD, PLN. The different currency options are beneficial as currency conversion fees do not apply when using an account in your own currency.

Primus Global Ltd is operating in compliance with the Markets in Financial Instruments Directive (MiFID) which was established to give EU members a regulatory framework for protecting investors. FXPrimus is a market maker/ECN hybrid, meaning its profits from client losses where it acts as the counterparty to a position as a market maker. FXPrimus caters to many international traders except residents of Australia, Belgium, France, Iran, Japan, North Korea, and the USA.

FXPrimus trading platforms and tools

Steven Hatzakis, an industry veteran with decades of experience in the forex market, leads the BrokerNotes research team. All BrokerNotes content is researched, fact-checked, and edited by the research team. Only verified trading accounts may request withdrawals, and FXPrimus processes withdrawal requests Monday through Friday between 0700 and 2100 (GMT+2).

On the other hand, FXPIG is a good forex broker that gives all clients personalised support regardless of their investment size. The broker gives you the option of a VPS (Virtual Private Server) through their data centres in London and New York. The VPS connects the MT4 platform to a server which can reduce latency between MT4 accounts and their servers, thus improving the chances of getting filled at better prices. The VPS is free if you have a trading account with a balance of at least $500 and trade 5 or more standard lots 30 days from activation. At FXPrimus, traders have access to a selection of 42 forex pairs and a total of 140 tradeable symbols.