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Forex.com review

Forex.com is one of the worlds leading forex trading apps, especially in currency markets. To be more accurate, it allows you to trade in over 180 foreign currencies, forex pairs, stocks, commodities, and cryptocurrencies.

Forex.com is one of the worlds leading forex trading apps, especially in currency markets. To be more accurate, it allows you to trade in over 180 foreign currencies, forex pairs, stocks, commodities, and cryptocurrencies. 

A global leader in its category, Forex.com saw a trade of over $1.3 billion last year with over 71,000 clients. It’s parent company GAIN Capital Holdings employs over 800 staff and caters to over 200,000 retail and institutional clients.

Established in 1999, it operates with a licence from various regulatory authorities located in countries like the US, UK, Canada, Japan, and Australia. Forex.com is open 24 hours a day and five days a week except for holidays. 

Features

Forex.com offers forex, stock indices, ETFs, CFDs and a wide variety of cryptocurrencies to trade on.

Forex.com has multiple trading platforms – a custom Advanced Trading desktop Platform as well as the industry-standard MetaTrader 4 platform. The Advanced Trading Platform is a very novice-friendly platform and comes with 100 inbuilt technical indicators that help the traders in customizing the ability to set the trade preferences. 

This platform has been developed to offer fast, reliable, and stable performance across browsers. The Advanced Trading Platform also includes integrated trading tools as well as analysis and market accounts.

Forex.com 2

(Image credit: forex)

While the MetaTrader 4 platform is one of the most popular trading platforms among the FX traders. It allows executing more complex strategies, such as automatically copying deals of other traders, and gives you access to MT4 brokers across the world.

It is a matured environment for optimizing algorithmic trading programs and offers real-time account data without any third-party interference.

Forex.com 3

(Image credit: forex)

Mobile apps

The mobile app, AdvantageFX, is one of the best and most full-featured forex apps in the market. It offers you easy navigation and a plethora of information right in your palm. Features like an economic calendar, integrated research, and signals from Trading Central, alerts, market updates make it a very handy and useful application.

The charts are available in a landscape mode making it very easy to consume information. For the users who prefer the standard MetaTrader, MT4 and MT5 apps are available as well.

Forex.com 4

(Image credit: Future)

Accounts

To open an account with Forex.com you simply need to submit a valid govt-issued photo ID. This is used to verify the residential address, date of birth, and name listed on the application. You can also submit a separate document for proof of residence, such as a utility bill, credit card or a bank statement. As with similar platforms, this is all to comply with anti-money-laundering regulations.

Forex.com accepts deposits directly from your bank account. It even accepts debit or credit cards as a mode of payment. It requires a minimum of 50 units of the base currency as initial funding. But still, it is recommended to deposit at least 2,500 for ease and flexible investing.

Forex.com 5

(Image credit: Future)

Forex.com also offers a demo account to test and understand the platform. However, the demo account only runs for 30 days, whereas many other platforms offer an unlimited demo account.

Now, Forex.com provides 3 types of trading accounts- Standard trading account, commission account, and DMA. Here you need to understand which type of account is right for you.

Standard trading account: It is the easiest and the most commonly used account. It gives the user access to standard lots of currency. The standard account requires sufficient capital to trade full lots. Standard trading accounts are for experienced, well-financed traders.

Commission account: It is a trading account that allows users to make transactions using a mini lot. Even an inexperienced trader can trade with this account. The mini trading account also gives flexibility to trading a risk management plan and sticking to it without risking too much capital.

DMA: This is for serious traders who deal in high volume of forex. This account offers a greater control on your transactions and is suitable for people who know the tricks of the trade. It requires a minimum balance of $25,000 and a minimum trade size 100,000.

Charges and fees

The charges of Forex.com are comparatively less than its competitors and the pricing policy is pretty straight forward. The platform offers free forex trades; however, they make money via spreads.

It profits via charging at several events for several rates. The minimum spread is 1 for EUR/USD with a typical spread of 1.3 and margins from 0.5 per cent.

General fees are as follows:

  • Minimum Initial Deposit: $50.00
  • Inactivity Fee: $15.00 / month after 1 year of inactivity
  • Spread: Variable: 1.1 EUR/USD (Dec 2019), minimum 0.8 pips

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(Image credit: Future)

Support

Support is available from 10 a.m. ET Sunday to 5 p.m. ET Friday. It offers several methods to connect with the customer support team. There is a choice of phone numbers to directly call to connect with the support team.

You also have regular live chat support at the top of the website and lastly, you can also reach out to the support team via email. Also, you can use email and phone to connect for account opening as well. Social media support is not available.

Final verdict

Forex.com provides forex trading: low forex fees, and many currency pairs with lots of technical research tools to help the traders. It is a good fit for active traders since it costs slightly less when you trade actively.

Forex.com is one of the best forex brokers in the market which is regulated by the top financial authorities. It is one of the most trusted brokers with thousands of users and offers an excellent trading platform on mobile as well as web.

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AvaTrade Demo Account Review for Practicing Trading Forex

AvaTrade demo account review
  • Trusted Forex Broker Regulated in 5 Jurisdictions With Monthly Trading Volume Exceeding $60 Billion
  • Broad, Deep Product Palette Spanning Forex Options, Digital Currencies, Stocks, Commodities, ETFs, Bonds, Indices
  • Many Options For Automated Trading Including Mirror Trader, Zulu Trade, MQL 5, Signal Trader
  • Choice of Fixed or Floating Spreads and Leverage up to 400:1
  • Market Analysis and Educational Resources From Reputable Independent Providers Like Autochartist, FXInsights, Dow Jones, and Hushtrade
    • Established –2006
    • Domicile –Ireland
    • Regulation –Ireland – Central Bank of Ireland Reference No.:C53877), Australia – ASIC (License No.: 406684), British Virgin Islands – FSC, Japan – FSA (License No.:1574)
    • Restricted Jurisdictions –United States
    • Ownership –Privately Held
    • Segregated –Yes
    • Broker Type-Market Maker
    • Web Security –McAfee Secure
    • Negative Balance Protection Policy –No

AvaTrade demo account review

Avatrade has great depth and breadth in its range of markets. In additional to forex, Avatrade covers all major areas of the capital markets including equities, fixed income, and commodities.   It offers many more instruments than most of its competitors. Avatrade allows you to trade CFDs on 54 forex pairs, 16 commodities, 20 global indices, 21 ETFs, hundreds of individual shares from US, UK, Spain, Germany, France and Italy.

Avatrade is one of the few brokers to offer bitcoin and litecoin trading. It was awarded the Best European Bitcoin CFD Provider title at the 2014 European Bitcoin Awards. Avatrade also offers forex options for 30 pairs. You can also use options to hedge and alter the risk profile of your open forex CFD positions.

Avatrade provides many choices for automated trading including mirror trading, social trading, expert advisors, trading signals from independent providers like MQL5 and its API Library.  Avatrade offers higher leverage than most other brokers with up to 400:1 leverage for floating spread accounts.

AvaTrade Demo account Review – Market Analysis and Education

Avatrade demo account broker provides a lot of live market analysis to support your trading activity. Customers are given access to technical analysis from Autochartist and fundamental analysis from FXInsights, live news from Dow Jones, and audio commentary from Avatrade’s Chief Market Analyst, Naeem Aslam, a frequent contributor to news outlets like CNBC and Bloomberg.

Customers with deposits of at least $500 are given access to Autochartist free of charge. Autochartist’s pattern recognition features can be a very useful tool to help identify trading opportunities.

Avatrade invests heavily in trader education. It provides clients with ebooks, webinars and videos on a variety of topics, as well as, access to the premium forex education service, Hushtrade. Hushtrade arms you with a solid foundation in the fundamentals of forex trading and technical analysis. For advanced traders, Hushtrade also has cutting edge material covering trading strategy, psychology, and insights from professional forex and commodities traders.

AvaTrade Demo account Review – Trading Features

    • CFD’s –Forex, Commodities, indices, ETFs, Stocks, Bonds
    • Currency Pairs –54
    • Leverage –Up to 400:1 for floating spreads, up to 200:1 for fixed spreads
    • Cryptocurrencies –Yes
    • Options –Forex Options
    • Trading Signals –Yes, API Libary and MQL5 available to accounts with $1000 deposit and more
    • Automated Trading –Yes
    • Social Trading –Yes
    • Phone Trading –No

AvaTrade Demo account Review-Trading Platform

  • Platforms –
  • Metatrader 4 (PC, Mac, Browser), Avatrader (PC, Mac, Browser), Avatrader Options (PC, Browser), Mirror Trader, ZuluTrade, Signal Trader, Metatrader 4 Mobile (android, ios), Avatrader Mobile (android, ios)
  • Metatrader –Yes
  • Mac Software –Yes
  • Mobile Trading –Yes

AvaTrade Demo account Review- Account Options

    • Minimum Initial Deposit –$/€/£/AUD 100
    • Base Currencies –USD, EUR, GBP, AUD
    • Minimum Lot Size –1,000
    • Account Types –Silver, Gold, Platinum, Ava Select
    • Payment Options –Credit Cards, Debit Cards, Neteller, PayPal, Skrill, WebMoney, Wire transfer

AvaTrade Demo account Review- Customer Service

    • Online Support –Live chat and email
    • Phone Support –Yes
    • Multi-Lingual Support –Yes
    • Personal Account Manager –Yes, but dedicated account analyst for Ava Select account only

Safety and Security

Avatrade was acquired by Playtech in June 2015 at a sale price of $105 million.  Playtech is a London Stock Exchange listed FTSE 250 gaming software and services provider and the owner of Markets.com.   Playtech intended to integrate these brokers at some point in the future.  With these recent acquisitions and solid financial backing,  However,Playtech decided to walk away from the acquisition after the Bank of Ireland objected to the merger in October 2015.

Avatrade is a reliable and established forex broker officially regulated in 4 jurisdictions.  Overseen by regulators from Ireland, Australia, British Virgin Islands and Japan, Avatrade is subject to stringent compliance requirements, including how it handles client assets, security of client funds and financial reporting.  At present, there is no record of regulatory fines or settlements

Client funds are held in segregated accounts.  Avatrade secures your information and money with 256-bit SSL encryption across the entire website.  It uses McAfee Secure (HackerSafe) to prevent credit card fraud and identity theft.

Our Best Forex Demo Broker Reviews

Best Forex Demo Resources and usefull Links

Trading Forex, Stocks and CFDs carries risk and could result in the loss of your deposit, please trade wisely.

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Daily Financial News

Should Correlations Drive Your Investment Decisions?

By Ron DeLegge

Tuesday, May 10, 2016 5:57 PM EDT

Do stock market correlations matter?

Statisticians use correlations (or cross-correlation) to measure the relationship between asset classes or investments. The general idea is to better understand the similarity or dissimilarity in how investments perform against each other and to build a portfolio of investments that can benefit.

The CBOE S&P 500 Implied Correlation Index (ChicagoOptions:^KCJ) also known as the “ICI”  is one such statistical measure that uses options to estimate the average correlation among the largest 50 stocks inside the S&P 500 Index. The ICI recently hit 52-week lows indicating ultra low correlations between individual stocks and sectors.

Should investors use correlations between assets to make investment decisions? Before answering that question, let’s give a brief overview of how correlations work.

A correlation of +1.0 means that two investments have a perfect positive correlation. That simply means a correlation of +1.0 or close to it, is something you would expect from investments that perform and behave similarly.

Here’s an example: The historical performance and behavior of Intel (NasdaqGS:INTC) closely resembles the broader technology sector of stocks (NYSEARCA:XLK), which also happens to be Intel’s peer group. Should it be a surprise that Intel’s return pattern is similar to other technology stocks? Not at all, because individual stocks tend to behave similarly to the industry sectors where they reside.

S&P 500 Financial Crisis Correlation to Treasuries

In contrast, a correlation of -1.0 describes two investments with a perfect negative correlation. This means the return path of the two investments move opposite one another.

Here’s an example: The relationship between the S&P 500 Index (NYSEARCA:SPY) and CBOE S&P 500 Volatility Index (ChicagoOptions: ^VIX) could be described as a nearly perfect negative correlation. Why? Because the historical movements of VIX (NYSEARCA:VXX) have been opposite the S&P 500 around 80% of the time.

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Daily Financial News

The 5 Stocks that will Increase your Cash Flows – Best Forex Demo

While in the heart of the first-quarter earnings season, investors might find it easy to look for profits and surprises to scoop up big gains. But if you pick stocks just because they are making profits, there’s no guarantee that the money is getting channelized to meet their obligations. A profit making company could have cash flow deficiency and that could lead it to filing for bankruptcy.

So for any potential investment over the long term, one must look at a company’s ability to produce cash – the lifeblood of business, the fuel for growth and the cushion amid downturns.

In any business, money flows in and out, but net cash flow indicates how much money the company is actually generating. Having positive cash flows indicates enhanced liquidity, giving the company more means for debt repayment, expenses, dividend payouts, stock buyback and finally reinvestment in business. On the other hand, a negative cash flow implies that a company’s liquid assets are decreasing, resulting in reduced flexibility to support these moves. So putting your hard earned money in stocks with less cash does not make any sense at all.

However, positive cash flows alone are not sufficient to predict a company’s future growth. If cash flow is increasing over time, it implies management’s efficiency in regulating its cash movements, reaping more money from its business, depending less on outside financing and finally its improving fundamentals.

So for stock picks don’t look at profits only. Make sure to look for stocks with dependable and increasing cash flows.

Screening Parameters:

Let’s look for stocks for which cash flow has been increasing over time. For this, we screen for stocks whose cash flow in the latest reported quarter is at least equal to or greater than the 5-year average cash flow per common share. This points to a positive trend and growing cash over a period of time.

In addition to this, we have added:

Rank 1: No matter whether the market conditions are good or bad, stocks Rank #1 (Strong Buy) have a proven history of outperformance.

Average Broker Rating 1: This indicates that brokers are also highly hopeful about the company’s future performance.

Current Price greater than or equal to $5: This screens out the low priced stocks.

VGM Score of B or better: This score is also of great assistance in nailing down stocks. Importantly, this scoring system helps in picking up the winning stocks in their respective industry categories.

Here are 5 out of 10 stocks that made it through the screen:

Anika Therapeutics Inc.

Emergent BioSolutions, Inc.

John Bean Technologies Corporation 

Norsat International Inc.

Forestar Group Inc. 

You can get the rest of the stocks on this list by signing up now for your 2-week free trial to the Research Wizard and start using this screen in your own trading. Further, you can also create your own strategies and test them first before taking the investment plunge.

The Research Wizard is a great place to begin. It’s easy to use. Everything is in plain language. And it’s very intuitive. Start your Research Wizard trial today. And the next time you read an economic report, open up the Research Wizard, plug your finds in, and see what gems come out.

 

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