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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

Forex.com 6

(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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Statements about Cryptocurrency

Statements about Cryptocurrency

Cryptocurrencies are in a bubble and regulators could burst this at a whim.

  • Eight years after the introduction of Bitcoin, there are now over 900 cryptocurrencies and their prices are at all-time highs.
  • Richard Schiller categorizes bubbles as an underlying story driving the market forward, as opposed to the fundamentals of the assets. Cryptocurrencies are riding on a narrative of economic empowerment and freedom.
  • Despite the widespread attention that cryptocurrency receive, many of the actors involved in the market are not fully informed. Debate tends to turn to hype and naive investors are buying crypto-assets without fully understanding what they are.
  • Banks spend 73% of the market capitalization of Bitcoin each year on regulatory compliance. Crypto-assets are currently unregulated and free of these restrictions. As such, the market has thrived but also developed some bad habits.
  • Regulators cannot necessarily shut down cryptocurrencies, but they can restrict liquidity into them from fiat currencies and hamper their growth. The global derivatives market, for example, is worth $1.2 quadrillion, dwarfing Bitcoin’s $100 billion market cap.

Statements about Cryptocurrency

Market manipulations in crypto markets are undermining their credibility.

  • Due to low liquidity, no regulation, and a lack of clear understanding of the markets, pump and dumps are widespread in crypto markets. This is where a speculator can artificially sell while concurrently buying their own currency, wait for the market to rise, and then dump their holdings.
  • Frontrunning is also a common occurrence in ICOs, where early investors—who are used to show initial faith in the enterprise—buy discounted tokens before immediately selling them on.

As with historic bubbles, scams are exploiting naive investors.

ICOs can have the characteristics of vaporware. Entrepreneurs are raising hundred of millions of dollars purely on concepts. Money is being raised from investors who do not truly understand the technical concepts being proposed to them, let alone whether they are feasible.

  • The actual asset structures of ICOs are not only complex but also new forms of assets in their own right. This further confuses investors, which is compounded by the “FOMO” mentality of rushing into investments and following the crowd.
  • The use of celebrities to promote ICOs further demonstrates the use of manipulative marketing techniques used to cajole immature investors into participating in ICOs.
  • The current ICO craze is reminiscent of the South Sea Bubble of the 18th century, a speculatory period that involved crazed investment into enterprises in the New World. Once one of the highest valued companies of all time, the South Sea Company’s bubble burst and the company disappeared almost as quickly as it appeared.

Blockchains are still not proven technology, and more work is required.

  • Blockchains are still new concepts and their technology has not yet been proven on a consumer-wide scale. Attention should be focused on developing this, not speculating on short-termist projects.
  • The security of blockchains is a concept that most investors in crypto-assets do not understand. The onus is on them to protect their assets, which, on the basis of the amount of thefts and frauds in the space, is not being done properly.

There are some solutions to these issues.

  • A less polarized mentality of “us against the world” is needed; this could be enforced by the promotion of self-regulatory standards. These could also help to highlight the bad actors in the ecosystem.
  • More development is required into the underlying technology of blockchains. In the long run, this would be far more valuable than ICO moon-shot projects.
  • Awareness and discussion needs to be promoted. Conferences should present balanced debates from both sides of the crypto-view and more emphasis should be placed on educating investors instead of soliciting their investments.

Originally Published here at https://www.toptal.com

Statements about Cryptocurrency

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CMStrader Signals provider, the number 1 signal provider 4 years in a row

CMStrader Signals provider, the number 1 signal provider 4 years in a row.

CMStrader, the number 1 signal provider 4 years in a row, is now offering free signals to new clients!  Reliable trading tools are fundamental part of successful trading.

cmstrader for the Best Trading Signals

cmstrader for the Best Trading Signals

 

CMStrader’s signals success rate is estimated in 91% this should be enough to take a look and decide for yourself. since this is their biggest feature and drives this broker towards success, it is opretty afe to say that they do their utmost to provide you with quality forex signals.

This broker also entered the cryptocurrency market and offers several cryptocurrencies.  in short they act on the market and engage their clients directly.

when you start trading at CMSTrader, you can choose from a extended list of currencies, indices, commodities, gold and oil.

CMStrader Signals for better Trading

CMSTrader sends trading signals to traders’ accounts when there is an opportunity to buy or sell orders at specific points; an overview of the speculated price or loss ratio is included.

CMStrader Signals the number 1 signal provider among brokers

CMStrader Signals the number 1 signal provider among brokers

The signals are sent directly via SMS to a cellphone for major currencies traded on the stock exchange, foreign goods and precious metals.

In addition, signals can be sent to an e-mail address and or traders can be notified directly over the phone.  This service is available 24/5.

Like with Most proper signal services don’t expect 50 signals a day as simply there are not that many. you will get maybe a few good ones a day on which you could and most of the time should act.

Earn profits with CMStrader Signals in the forex market – the biggest trading scene in the world. Enjoy our unique benefits, trading education, minimum margin and best leverage! Start with a demo account and enter the amazing world of forex with CMStrader.

More about CMStrader Signals & Forex Broker

  • Name :CMSTrader
  • Website :cmstrader.com
  • Established :2013
  • Regulation :FSP
  • Country :United Kingdom
  • U.S. Clients Allowed ?  :No

CMSTrader is a leading investment advisor specializing in personal wealth management and growth and is a somewhat a newcomer to the Forex market.

they started in 2013 and since then have won several awards 2 including one for having best customer service in 2013.

CMSTrader “CMStrader Signals” is authorized under the name of CMS Ventures Limited which is a New Zealand Registered Financial Service Provider (FSP).

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Supreme Court Sides With Bits of Gold in Bank Dispute

Supreme Court Sides With Bitcoin Broker “Bits of Gold” in Israeli Bank Dispute

Upon appeal, the Israeli Supreme Court has rejected the closure of Bits of Gold’s banking facilities at Leumi bank, Tel Aviv.

The Israeli cryptocurrency brokerage’s appeal followed a previous ruling against it that has now been set aside by the higher court.

As Israel and many other countries struggle with the accelerated phenomenon of virtual currencies, Leumi Bank recently made the news for being a particularly blunt in its rejection of Bitcoin.

We should of course not be surprised with the banks attitude towards bitcoin or any other cryptocurrency for that matter. keep in mind that the banks become more and more obsolete because of them. Bits of gold versus leumi

They will keep on loosing money which now they make with ridiculous commissions of work that is fully automated. so they will try to see how they are able to make the operation and acquiring cryptos  as hard as possible knowing that they will never be able to stop them.

There is widespread anticipation that the upcoming G20 Summit in March 2018 will produce a global, moderate framework for a regulatory approach. Set against that are persistent hostile stances the world over from banks, asset managers and even governments towards cryptocurrencies.

Now that the countries understand there is money to be made with Taxation in cryptocurrencies they might want to make sure that the banks stay within their lane. 

Apart from the Israeli revenue service opting to tax cryptocurrency assets as “properties” and other more positive developments dating back to mid-2017, Israel remains a strange mix of genteel acceptance alongside wildly opposing voices.

There is thus Hope But no decision

Bits of Gold has fought a David and Goliath battle since their banker decided it wanted to steer clear of all cryptocurrency-related business.

On record as recently telling another bitcoin-related trader that they simply don’t want the business, Leumi Bank’s hard-line stance is accumulating bad press. The second-largest bank in Israel appears as discriminatory when analyzing virtual currency traders and other digital coin businesses.

During 2017, a customer made a bank transfer to the Kraken exchange site for buying bitcoin worth $1000. The bank identified the request, halted it, and started investigating.

The elated CEO of Bits of Gold, Youval Rouach said that “The court’s decision enables us to focus on the growth of the Israeli cryptocurrency community.”

 

The February 26 Supreme Court ruling granted Bits of Gold a temporary injunction against their account closure pending further scrutiny by the bank and other parties. The presiding bench declared that the company had “acted transparently and did not violate any provision of law.”

Calling the bank’s concerns “speculative” and turning an unsympathetic ear to the plaintiff, the ruling does, however, allow for the bank to still close the account on any small technical detail that defies legislation. As a record of a public spat around cryptocurrency’s right to be recognized in many ways, the ruling is seen as a victory for the local cryptocurrency community.

One Small Step Forward

Although not as absolute as nations like China that has opted for draconian bans, Israel is a front line for digital coins’ right not just to exist, but also become assets in the true sense of the word. The Supreme Court noted in its written ruling that Bits of Gold had not made itself guilty of the violation of any standing laws since opening its doors for business.

 

The Bits of Gold v. Leumi Bank case might become something of a test case once the bank applies its mind in scrutinizing the company’s accounts against the backdrop of existing legislation. The outcome will also be informed by sentiment post the G20 Summit due in March as well as other global regulatory trends.

Now that the countries understand there is money to be made with Taxation in cryptocurrencies they might want to make sure that the banks stay within their lane.

This was First Published by coindesk

 

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