Demo Trading
BP and Shell shares hit 25-year low, Premier Oil sold in $3bn deal
Shares in BP and Royal Dutch Shell fell to 25-year lows earlier this month, after oil prices took a major tumble amid weakening demand due to Covid-19. BP hit 32p per share on 1 October, while its rival Shell slid to a low of 907p – levels the pair have not seen since the mid-1990s.


- BP and Royal Dutch Shell see shares struggle amid weak demand for oil due to Covid-19
- Oil prices trade above $40 benchmark but for how long?
- Premier Oil sold to Chrysaor for $3 billion to pay off creditors as market conditions worsen
Shares in BP and Royal Dutch Shell fell to 25-year lows earlier this month, after oil prices took a major tumble amid weakening demand due to Covid-19.
BP hit 32p per share on 1 October, while its rival Shell slid to a low of 907p – levels the pair have not seen since the mid-1990s.
Since the earlier decline in share price, both stocks have rebounded slightly to reflect the stabilising of oil prices to above the psychological $40 a barrel benchmark.
However, further declines in the price of crude are likely as investors grow increasingly concerned that the coronavirus pandemic will last until 2023 and that the oil and gas industry may never fully recover from the impact of the viral outbreak.
Brent crude is trading 3% higher on Tuesday at $42.68 a barrel at the time of publication, with the US West Texas Intermediate (WTI) up more than 3.5% at $40.69 a barrel.
Chrysaor signs reverse takeover deal for Premier Oil
North sea operator Chrysaor announced its reverse takeover of struggling oil and gas producer Premier Oil on Tuesday. The deal is valued at around $3 billion with proceeds from the sale used to pay off the company’s creditors.
The newly combined group will become the largest London-listed independent oil and gas company and is the latest deal in an industry primed for consolidation amid declining oil prices due to weak energy demand as a result of the coronavirus pandemic.
‘There is significant industrial, commercial and financial logic to creating an independent oil and gas company of this size with a leading position in the UK North Sea,’ Premier Oil CEO Tony Durrant said.
‘The transaction will also provide the Combined Group with a solid foundation from which to pursue a fully funded international growth strategy.’
Under the terms of the debt-for-equity deal, Chrysaor will own at least 77% of the combined group, with creditors in struggling Premier taking the second-largest stake in the newly formed company. Existing shareholders in Premier Oil will own less than 6%.
‘Through this deal we will become the UK’s largest London-listed independent E&P, by all key metrics,’ Chrysaor CEO Phil Kirk said. ‘With our combined organisation and operatorship of a large part of our now international portfolio, we will have the ability to deliver value safely, and play our part in the energy transition.’
Premier Oil is shot up as much as 15% in early morning trading to 17p per share after news of the deal broke, with the stock down 84% year-to-date.
Brent crude: technical analysis
Brent crude has been on the rise over the beginning of the week, with price rising into a confluence of Fibonacci and trendline resistance, according to Josh Mahony, senior market analyst at IG.
‘The wider bearish picture remains in play unless we break through the $42.59 swing-high,’ he said. ‘With that in mind, this looks like an opportune moment for shorts, with a break lower likely from this confluence zone.’
Broker Reviews
Sollari Review – top 75 Broker ?


Sollari Review
Sollari is a global forex and CFD broker with trading platforms that is suitable and fully functional for all devices.
This is a good option for all levels of traders, although the product portfolio is average, and there is an inactivity fee to be aware of.
Initially formulated in 2023 to provide a robust forex trading platform, Sollari offering to include CFDs, indices, shares, commodities, and cryptocurrencies.
Sollari has several trading tools and features designed to make your trading experience as smooth as possible. The trading platform, has been heralded as a simple and convenient platform without losing the functionality you would find at MetaTrader 4. Some education is also available through the trading platform, and highly responsive customer service is available 24 hours a day.
Please read my full Sollari review for further details of this forex broker so you can decide whether Sollari can meet your needs.
Who is Sollari?
Sollari is a global forex, spread betting, and CFD online broker. Sollari is an online Crypto and Forex Broker providing traders across the globe with cutting-edge technology to trade the world’s markets. In a continuous effort to give their traders a more comfortable and safe trading experience, their experts have been improving their service and solutions ensuring traders have the freedom to trade whenever and wherever they like.
They are headquartered in Kingstown, St Vincent and the Grenadines. with offices in Milan, Nassau, Sofia, and Luxembourg and are authorized and
Sollari product range overview
The product range at Sollari is average compared to other brokers. They offer a solid selection of currency pairs and CFDs, no futures CFDs, and an average number of commodity and stock index CFDs. additionally they do offer leverage trading on the main cryptocurrencies.
Forex trading
More than 50 Forex pairs are available at Sollari with no commission and some of the tightest spreads in the industry.
Indices and Financial Trading
Indices and financial CFDs have flexible margin requirements and low spread , representing some of the industry’s best spreads. There are no overnight or hidden fees of any description to worry about.
Commodities Trading
At Sollari, there are several commodity CFDs, including metals and energies.
Share CFDs Trading
Trade more than 100 company shares without ever owning the underlying security. At Sollari, you can access global stock exchanges with the option to go long and short and benefit from leverage. For non-leverage trading, there is zero commission.
Sollari Accounts
There are five trading account options at Sollari. Of note are the Professional Trading Account and the Islamic Trading Account. There is also a free demo account from where to practice your trading.
Free Demo Account
You can select from the free demo account which platform you would like to practice trading on their trading platform. You will immediately receive $100,000 of virtual funds, which can be used to familiarise yourself with the financial markets and forex and CFD trading.
Islamic Account
This is a Shariah-compliant Islamic account which includes many features that are in keeping with Sharia law.
See here the overview of all the accounts.
BASIC ACCOUNT | STANDARD ACCOUNT | GOLD ACCOUNT | PRO ACCOUNT | VIP ACCOUNT | |
---|---|---|---|---|---|
MINIMUM DEPOSIT | $5,000 | $10,000 | $25,000 | $100,000 | $250,000+ |
ORDER EXECUTION | Instant | Instant | Instant | Instant | Instant |
ACCOUNT CURRENCY | USD, EUR, GBP | USD, EUR, GBP | USD, EUR, GBP | USD, EUR, GBP | USD, EUR, GBP |
ACCOUNT MANAGER | yes | yes | yes | yes | yes |
SPREAD, PIPS | Fixed | Fixed | Fixed & Floating, Variable | Fixed & Floating, Variable | Fixed & Floating, Variable |
QUOTATION (NUMBER OF MARKS AFTER POINT) | 5 marks | 5 marks | 5 marks | 5 marks | 5 marks |
LEVERAGE | 100 | 100 | 200 | 500 | 500 |
MAX. TRADE SIZE | 10 lots | 20 lots | 40 lots | 50 lots | 100 lots |
REQUOTES | None | None | None | None | None |
MARGIN CALL LEVEL | 40% | 40% | 40% | 40% | 40% |
STOP OUT LEVEL | 30% | 30% | 30% | 30% | 30% |
TRADING PLATFORM | all devices | all devices | all devices | all devices | all devices |
CUSTOMER SUPPORT | 24/5 support | 24/5 support | 24/5 support | 24/5 support | 24/7 support |
Sollari Trading Platform
Sollari provides a web, desktop, and mobile trading platform on their trading platform, which is provided by the High-tech software provider “easytech”.
This trading platform has an excellent reputation among traders.
web trading platform
The web platform allows you to place trades directly from your web browser in an easy-to-use interface that is customisable and available in several languages. The web trading platform falls short because of its lack of social trading; however, it is well-designed with several useful features.
There is a two-step login for additional security, and you can search for an asset using its name or by category. Order types include:
- Market order
- Limit order
- Stop order
I was impressed with both the portfolio and fee reports which were comprehensive and easy to use, with clear information on commission, swap fees, and performance.
There are also the following useful features available on the trading platform:
Trailing stop
Trailing the position of a current price can then trigger a stop order as the price reaches a predetermined distance from a stop order. It works similarly to a stop order but in a more controlled way that aligns with movements in the market.
Market Sentiment
This allows you to closely monitor movements in the market using data from other traders concerning a specific instrument.
This allows you to mitigate risks by investing in the same product in a different direction.
Charts
Real-time charts provide up-to-the-moment information, including historical trends, forecasts, and current trends.
Sollari mobile trading platform
The mobile trading platform is in keeping with the web trading platform, with much of the same functionality.
The actual design is well laid out and easy to use with customizability. I found the mobile app fast with personalised watch lists and the ability to open positions directly from real-time charts.
There are price alerts that include statistical alerts, which can be monthly or yearly for currency pairs, indices, etc. Clicking on the alert will automatically open the app on the instrument.
Sollari desktop trading platform
Use the desktop platform. This platform is designed with professional traders in mind, leaving the webtrader as an alternative for beginners and intermediate traders.
There is excellent customizability, some good search functions, and a choice of several languages.
There are several tools and technical indicators designed to enhance your trading activity.
Sollari customer service review
Customer service is excellent at Sollari, with immediate response times across multiple channels.
There are several channels for contacting customer support, including phone and email. When I tested their service, my query was dealt with immediately without even the intervention of a chatbot. The service provided via email and phone was similar, with fast, relevant responses to my queries. Customer service is provided 24/5, which is above average.
Sollari is opening an account.
The account opening process is straightforward, fully digital and quick. You will need your ID.
To open your account, you should first decide on the account type you wish to open
Then you can follow these quick and easy steps:
- Select your country of residence
- Add personal information, including name and email address
- Choose a password
- Enter your home address and tax residency
- Complete some simple questions relating to your trading experience
- Fill in information pertaining to your personal finances, such as income and savings and employment status
- Select your base currency
- Upload your ID documentation and proof of address, such as a utility bill or bank statement.
Sollari Deposit and Withdrawal
Deposits and withdrawals and essentially free, and the minimum deposit is high compared to what you would find at other brokers.
Before making your first deposit, you will need to choose between the following base currencies:
EUR, USD, GBP
Deposit options include:
- Bank transfer
- Credit and debit card
- Cryptocurrency
The minimum deposit is $5000, which is high compared to other brokers. There are no fees should you choose to deposit via bank transfer from your bank account.
Bank transfers take several business days.
Withdrawals can be made using the same methods accepted for deposits, and there are no withdrawal fees for electronic wallets and credit/debit cards.
Sollari safety
Sollari is not regulated by the Financial Conduct Authority (FCA) but is performing full due diligence to comply with AML regulations.
In addition, all client funds are held in segregated bank accounts to protect those funds should Sollari go bust.
The Sollari negative balance protection protects client funds should their balance go negative.
Sollari fees
Sollari has low CFD and forex fees and average non-trading fees.
Fees can be separated into two main categories for a CFD and forex broker: trading and non-trading fees.
Trading fees
The trading fees will vary depending on the financial instruments you are trading within each asset class. Trading fees can be charged as a spread, a commission, or a financing rate.
Spreads differ between the bid and ask price for a foreign currency price. Here’s how Sollari spreads compare against some other forex brokers:
Non-trading fees
Sollari has low non-trading fees as they do not charge deposit and withdrawal fees, and there is no account fee.
Inactivity fees are charged. There are inactivity fees to be aware of. However, these will only kick in once your account has been inactive for several months and you have a positive balance.
Who is Sollari suitable for?
Sollari is suitable for all levels of traders looking for a solid trading platform and very competitive spreads.
The selection of account types is aimed at both retail and professional investors.
Demo Trading
The Advantages and Negatives of Forex Demo Trading


Intro to Fx Demo Trading
Despite the placement as the planets greatest monetary market, the forex marketplace only became easily available to retail traders in latest years because of the introduction of sites based trading via on-line forex brokers.
Aspiring forex investors can right now make use of digital trading systems – like the extremely well-known MetaTrader software program
(offered as a free of charge download by MetaQuotes Software program Company ) to access the large forex market thou they might trade only in very small amounts themselves
The majority of on the web brokers will support MetaTrader and could also provide their own proprietary platforms or web-centred dealing interfaces.
These types of systems typically enable traders to do a quick overview of the currency marketplace and maybe carry out some specialized evaluation, in addition to permitting them to gain access to trading necessities like purchase access and deal delivery for a wide selection of foreign currency pairs.
free of charge fx practice account
Like a common way of motivating forex investors to use their offer setup solutions and first deposit funds with them to make use of as trading accounts perimeter, many online forex brokers will offer a free of charge fx practice account to potential or existing clients.
Referred to as a forex demonstration accounts, such unsecured debts enable a trader to encounter a hands-on demo of what seems prefer to trade currency pairs in the forex market with this broker without placing any actual money at risk.
Although using a FX trading demo account has several benefits for traders, some tricks are well worth talking about because the technicians of getting into a demonstration operate and the producing emotional responses an investor can possess while controlling it can differ significantly from the encounter of live forex trading utilizing their personal hard-attained money.
Additional common demonstration accounts circumstances which make them vary considerably from an actual cash financed account include broker-imposed period limitations and set debris of virtual foreign currency.
The subsequent areas of this content will talk about starting up an on the web trading demo accounts, in addition to probably the most significant benefits and negatives of using a demonstration forex account in comparison to utilizing a live fx accounts for trading foreign currencies.
Starting Up a Free of charge Forex Demonstration Account
Simply about any trustworthy fx broker will allow potential and current customers to open up up a demo account with them free of charge to enable investors to practice currency trading using digital money.
Demo accounts traders frequently also get access to at least a few of the broker’s customer providers and consumer support personnel to ensure that they can obtain a much better feeling for what coping with the broker will end up being like when they determine to finance a trading account with genuine cash.
Investors desperate to open up a demonstration trading accounts can typically get around to the site of one or even more forex demonstration brokers and adhere to guidelines shown there for opening up a demo or practise account with the brokers they select.
Selecting the greatest fx demo accounts for your requirements might require critiquing those provided by a number of online brokers with different features in order to make an knowledgeable decision which broker is the best partner for your start.
When starting a demonstration account, you may even require to choose a quantity of virtual money to fund the demonstration accounts with and get into some personal data to determine yourself with.
In case you feel worried about offering your true personal data to a broker you are will to try not really you have more freedom as no documentation is required for this in general, the moment you open a real account your KYC documentation will be needed for compliance and this protects the broker as well as the traders from money laundering and fraud.
You can also open up a new e-mail account to get communications about the demo forex account if you are concerned about getting your personal email address offered to third celebrations like digital email entrepreneurs.
Pros of Forex Demonstration Trading Demo_trading_advantages
The two beginner and experienced forex investors regularly make use of demo accounts to rehearse trading currencies and check out a fresh broker or trading strategy.
Some of the more common advantages of interesting in forex demo trading consist of the following:
Observe if You Like Trading Foreign currencies
Those fresh to trading foreign currencies or trading generally can use an fx demo accounts to find if they are psychologically and psychologically appropriate to the bustle of trading forex. Everyone is usually different, and some people might actually appreciate trading currencies, as the activity might not match others’ preferences, personas or lifestyles at all.
Operate Forex without Risk Whilst Learning or teaching how to trade
– Beginners who are still learning how to operate foreign currencies frequently experience substantially even more assured putting their real cash in danger in the marketplace if they have an opportunity to try points away from 1st. A demo account allows them to place their training into practice in a near to actual existence environment without placing their genuine money at risk. This enables those to make common beginner’s mistakes while they find out without needing to spend for the effects out with their very own bank.
Practice Great Cash Administration Methods –
One of the secrets to taking pleasure in long-term success when trading forex requires learning to apply well-established cash administration concepts. A demonstration accounts allows a brand-new or skilled trader to practice such methods completely on true exchange rate actions and see on their own how the common benefits accumulate to their demo account in digital money earnings.
Find out to Control Your Feelings When Trading –
Probably the most difficult elements of trading for many people consists of learning how to control their psychological reactions to earning and shedding deals in such a method that it stimulates overall success. Dealing properly with normally regular mental replies to producing and losing cash – such as dread, avarice and wish – can often differentiate the effective fx investor from the loss.
Check a fresh Trading Technique Without Jeopardizing Actual Money –
Smart experienced traders and beginners as well will generally wish to check the achievement of any new trading technique they arrive plan before applying it in a live trading environment. This kind of enables them to accustom themselves to pursuing the program and also to function out any insects in it that may become obvious while using it as real exchange price movements happen.
Try Out a New Broker’s Trading System –
Unless you are utilizing the Mt4 system that a great deal of on-line forex brokers support, you will most likely want to make use of a demonstration accounts to observe whether a fresh fx broker’s private internet or client structured trading platform is usually ideal for your trading requirements.
Examine if a Fresh Broker Offers Useful Features and Solutions –
Fx Brokers keen to possess you open up a live trading account with them will frequently provide demonstration investors gain access to their unique customer features, educational and information services, and customer support departments. This can be a great method to examine your quality of the broker’s general solutions before carrying out any actual trading money to ensure they are the type of trading partner you will need keeping your accounts.
Broker news
Donald Trump blasts ‘fools’ who oppose good Russian ties


US President-elect Donald Trump has posted a progression of tweets censuring the individuals who contradict great relations with Russia as “‘dumb’ individuals, or nitwits”.
Mr Trump promised to work with Russia “to comprehend a portion of the numerous… squeezing issues and issues of the WORLD!”
His remarks came after an insight report said Russia’s leader had attempted to help a Trump race triumph.
Mr Trump said Democrats were to be faulted for “gross carelessness” in permitting their servers to be hacked.
In a progression of tweets on Saturday, Mr Trump said that having a decent association with Russia was “no terrible thing” and that “lone “idiotic” individuals, or simpletons, would believe that it is awful!”
He included that Russia would regard the US increasingly when he was president
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