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FXVC Review – Is it a Scam or a Regulated Broker? 🕵️ We Investigate

FXVC was founded in 2014 and it is an official Leeds United Platinum Partner. The broker is regulated by the Cyprus Securities and Exchange Commision (CySEC), under Centralspot Trading Limited. Traders have the option to choose from five different minimum deposit amounts and added benefits such as discounts, access to trading signals and other additional…

fxvc review 2020

fxvc review 2020
FXVC is an online trading and investment platform for traders in Europe and South Africa. FXVC offers new traders the ability to trade with over 250 financial CFD instruments, including Forex, Crypto, Commodities, Stocks and Indices. All of these instruments can be traded on the website, which has fully customisable charts, high-speed execution, customer service support and cutting edge trading tools. FXVC also provides traders with a low-latency environment that is backed by extensive price feeds.

What is FXVC?

FXVC was founded in 2014 and it is an official Leeds United Platinum Partner. The broker is regulated by the Cyprus Securities and Exchange Commision (CySEC), under Centralspot Trading Limited.

Traders have the option to choose from five different minimum deposit amounts and added benefits such as discounts, access to trading signals and other additional resources.


Some other key features include:

  • Transparent pricing
  • Simple deposit and withdrawal process
  • Over 250 popular trading assets
  • Educational resource library
  • Multiple platforms for convenient & efficient trading

Is FXVC a Scam?

FXVC is regulated and its licensing is provided on the website. The company is fully transparent where the compliance is concerned and reassures clients that their safety is of maximum importance. Traders are always advised to make sure they do enough research on the chosen broker before opening an account. However, where FXVC is concerned, there are a number of positive reviews to reassure potential traders about their credibility.

Pros and Cons

Pros Cons
✔️ Regulated & authorised Limited assets and instruments
✔️ User-friendly web-based platform  Limited trading tools
✔️ Daily trading newsletter  No MetaTrader4 platforms
✔️ One on one academy  Minimum of $2,500 is required
✔️ Daily & weekly market review  Key features require an account size
✔️ Trading central signals  Inactivity fee is charged


FXVC is a trading name of Centralspot Trading Ltd and is authorized and regulated by the Cyprus Securities and Exchange Commission, referred to CySEC. CySEC is one of the most credible regulators when it comes to online brokerage platforms. CySEC’s main aim is to supervise and control licensed companies that offer investment and CFD services. CySEC is an EU member state and its financial regulations and operations comply with the European MiFID financial harmonization law.

It is also reported that FXVC have incorporated advanced security. This security feature has been implemented to protect a traders personal and financial information. This broker prioritises traders security. FXVC also complies with the KYC guidelines regulated by authorities. Usually, brokers who have verified licenses can be counted as credible or legit.

Here are some of FXVC’s licensing details found in media reports:

  • FXVC EU is owned by Centralspot Trading (Cyprus) Ltd, which is regulated by CySEC with license number 238/14. They are located at: Gladstonos 110 Corner of Mesologiou Street, Ayia Trias 3032, Limassol, Cyprus. Phone number in the United Kingdom is: +442039361455.
  • FXVC Australia is owned by Intelligent Financial Markets Pty Ltd. They are licensed by ASIC with AFSL license number 426359. They are located at: Level 33, Australia Square, 264 George Street, Sydney NSW 2000 Australia. Email address is: [email protected], and their phone number is: +61283113274.

In Which Countries is FXVC Available?

FXVC is available in Europe and South Africa. Unfortunately, FXVC cannot accept traders from the United States.

Available Trading Platforms

Unfortunately, FXVC does not use the popular MetaTrader4 Platform, however, traders can launch the FXVC WebTrader platform directly from the brokers browser. The platform is web based and new traders only need to log into their account. No software or App needs to be downloaded for the trader to access the platform. The platform is reasonably user-friendly, however, it has limited functionality, depending on which account is chosen. There are also a variety of different instruments to choose from on the platform and the chart can be customised to the traders preference.

How Does FXVC Function?

FXVC has an impressive offering. New traders have access to more than four types of trading assets and provide traders with a hedging functionality, to guard against the volatility of the market. It has been reported that FXVC operates at a high level and the level of service is excellents as well. The company has been reported to be credible and reliable when it comes to assisting new clients with executing trades. This broker is browser based, while many experienced traders may prefer the MetaTrader4 platform, the browser based platform does not offer a bad experience at all. In fact, from our observation, we would encourage more brokers to implement this option as an additional account feature.The tiered account feature is an added bonus. Traders can choose the account best suited to their affordability.

The FXVC Economic Calendar

An Economic calendar is mainly used by investors to monitor the market and events, including economic indicators and monetary policy decisions. These events are usually announced or released in a financial report. FXVC provides their traders with accessibility to an Economic Calendar powered by Trading Central. Traders can view the date and time of economic events in real time. This tool is instrumental in successful trading decisions and can be used for forecasting and trading strategy. The calendar can also be filtered down to the trader’s interests.


Educational Tools

FXVC does provide traders with educational resources and content which can assist new traders with the experience and knowledge to make informed trading decisions. This content includes tutorials, videos and market analysis. Other educational resources include:

  • Market analysis: this is basically in depth information about the current market to assist traders in making decisions.
  • WebTV: the WebTV section is an inspirational space that includes videos on different markets around the world.
  • Trading glossary: the trading glossary demystifies terms from A-Z to assist brokers in understanding the market.

Trading Instruments

FXVC offers clients over 250 instruments for online trading from the following asset classes:

  • Commodities
  • Stocks
  • Forex
  • Cryptocurrencies
  • CFDs

Trading Accounts

FXVC has five different account options for traders to choose from. This includes Bronze, Silver. Gold, Platinum and VIP account. The minimum deposit starts from $2,500 on the Bronze account. You may notice that this amount is much larger compared to other brokers. The larger the account size, the lower the commission charged. The maximum leverage charged to a trader is 1:30 for clients who are considered non-professional.

Official FXVC Registration

Register your FXVC account through CoinInsider and receive a FREE Personal Account Manager to walk you through your account setup process.

Here are the minimum deposits required for each account:

  • Bronze:€2500
  • Silver: €5000
  • Gold: €10,000
  • Platinum: €25,000
  • VIP: €100,000

Demo Account

The platform also offers a demo account feature for free, upon joining.The demo account allows new traders to experience the platform, risk-free with virtual money.We recommend that all new and experienced traders make use of a demo account to gain experience and make themselves comfortable. Islamic accounts that have to comply with the Sharia law are also available.

Traders who qualify as professional clients have to possess a portfolio of of greater than $500, that does not include property or cash, a verified trading history, and a proven track record of handling a professional position that involves derivatives.Professional traders are classified under the ESMA regulation, which means that this type of account has limited by a negative balance protection, Investor Compensation Fund and Financial Ombudsman services. Brokers fees constantly change. It is important to look out for fees that are not mentioned in this review. We recommend that all new traders read up on all the information possible regarding their broker.

Key Features of a Professional Trader/Client Classification

  • Trade with higher leverage: this benefit is probably one of the most significant that comes with professional trader classification. Traders have access to high leverage, which means that traders will be allowed to trade using a variety of trading strategies, while using less funds for a more flexible money & risk management trading experience. Leverage also brings the risk of bigger losses.
  • Keep Negative Balance Protection: Usually, brokers are not required to segregate the funds of a Professional Trader from their own funds, which means they could deposit them to liquidity providers and if those liquidity providers go out of business, your funds could be lost. At FXVC, we segregate all our client’s funds from the own funds and we continue offering you the negative balance protection for both Retail and Professional traders that will prevent you from losing more than what you invested.
  • Best Execution Policy: With other brokers you may lose your right to best execution policy according to its definition from the applicable regulation. Best execution policies for retail traders require their brokers to give priority to executing their order with the best possible price. This factor prevails other considerations like execution speed, size of your order, current market depth etc. which all play a part in the quality and outcome of your order.
  • Communication and Risk Disclosure: FXVC is fully transparent with the risks involved with trading, especially in the volatile cryptocurrency market. According to the broker, new traders do not have to be concerned with any hidden clauses or any other surprises.

Customer Service

FXVC traders have access to a whole team of dedicated customer service support. This team aims to maintain the relationship between a broker and trader. According to the broker, the customer services support team is highly efficient, with a quick turnaround time. The customer service team can assist with any query or concern that customers encounter while trading on the platform. There is an online form available on the homepage of the website, alternatively there is a telephone number and email address on the website too. A live chat functionality is another way of reaching the customer service support team.

Deposits and Withdrawal

It is reported that FXVC has a seamless deposit and withdrawal process. This broker accepts a variety of different payment methods including Wire Transfers, Credit and Debit cards, Neteller,, Skrill and a few others. Not all methods are available for deposits and withdrawals, it depends on which country traders are from. According to the broker, withdrawals can be processed within 24 hours. It is important to note that traders can only withdraw using the same bank account that funded the FXVC account initially. This is an added security feature.

Some fees may be charged using certain payment methods. Some payment methods have transactional limits and restrictions. This is indicated on many other websites too. Further verification may be needed to lift these restrictions from an account. FXVC does not accept any third party payment. All the details on an active trading account has to correlate with information provided upon signing up. The website is also protected by an SSL certificate, which protects traders against fraud or theft. All accounts can be opened using USD,EUR, and GBP.

How to Open an Account

Opening an account is quick and easy, and should not take more than 20-30 minutes, unless the trader has problems verifying information. On the homepage, there will be an “open an account” button, that will open up a short form for new traders to complete. The trader will be prompted to provide information such as the full names, contact number, email address and country they’re residing in. Once this information is submitted, the trader will be required to verify the account. This is why it is important for new traders to submit information that is accurate, else the account will be unsuccessful upon verification. Usually, a governmental identification document is required and proof of address.

It is important to note that a deposit is not required when registering, however it is required to activate the account for live trade. The demo account can also be used without making a deposit. If you do run into any problems while attempting to register, the customer support team will be able to assist.

Leverage Limits & Trading Margins

To open a transaction in CFDs and leverage certain products, the trade must undertake to provide the Initial Margin in the trading account. To keep transactions open, traders must undertake to ensure that the equity in the current account equals or exceeds the Maintenance Margin. It is important that new traders acknowledge that the margin for each instrument differs and that it is within the brokers right to change the margin requirements seasonally, with proper notice.

  • Here are the leverage limits and trading margins for each asset class: comply with the 30:1 for major currency pairs;
  • 20:1 for non-major currency pairs, gold and major indices;
  • 10:1 for commodities other than gold and non-major equity indices;
  • 5:1 for individual equities and other reference values;
  • 2:1 for Cryptocurrencies

Our conclusion

After reading many reports and positive reviews online, we believe that FXVC is a credible broker that could potentially provide traders with high returns. Of course the cryptocurrency market fluctuates daily, but is important that new traders do the necessary research to make sure they are always making informed trading decisions. We recommend reading up on the positive user testimonials and feedback that exists online. FXVC is one of the more expensive brokers out there, since the broker charges a high minimum deposit. However, we recommend that potential traders have a closer look at the features of each account before deciding to dismiss the broker.


  • How can I verify my account?

The following documents are required in order to verify your account:

  1. Government Issued Identification: a colour copy of a valid Government issued Photo ID, such as a Driver’s License, National Identity Card or a Passport. Expiration date must be valid. The entire document must be present in the copy uploaded including full name, ID number, photo and expiration date.
  2. Proof of Address: Colour Copy of a valid Utility Bill as proof of your current address. This can be a payment request/receipt, sent to your legal address, such as Water/ Electric/ Gas/ Internet/ LandLine Phone bill, or a recently issued bank statement. In order for it to be approved, the utility bill/bank statement must be issued within the last 6 months of submission. The entire document must be present in the copy uploaded including your full name, address, issuance date and utility company logo.
  3. Credit Card: If a Credit Card was used to fund the account, we require front and back colour copies of the Card.
  4. Depending on the deposit method, the company reserves the right to request additional documentations to ensure proper client verification.
  • What currency can I use for trading?

You can open an account in EUR, GBP or USD.

  • Do I have to deposit money for registration?

No. A deposit is not required to open an account. Only a live account requires a deposit.

  • Are payouts taxed?

Traders are responsible for their own tax liability.

  • If I’m having problems registering, what do I do?

You can contact the customer service team for assistance in this regard.

  • What is the registration fee?

There is no registration fee required.


CFD Glossary

Term Definition
Contract for Difference (CFD) A Contract for Difference is a well-known type of financial derivative instrument, much like indices, commodities, currencies,etc.
Contracts for Difference (CFDs) A formal agreement between two parties/people to pay the difference in price from when the contract was opened until the contract is closed.
CFD Trading Investors have the option to go short (sell a CFD) if they think a price will decrease or go long (buy a CFD) if they think the price will go up.
Margin The margin refers to the minimum deposit required.
Initial Margin The initial amount required in order to open the position. It is often also referred to as an initial deposit.
Average True Range ATR refers to the measure of market volatility over a specific period of time.
Back Testing Back testing occurs when a strategy is put to the test, by using historical data for validation.
Base Currency The first listed currency in a pair.
Commodity CFD A type of CFD that derives its value for an underlying commodity it’s meant to track.
Consolidation Market A market that is stagnant, neither moving up or down.
Currency Pair Forex is trading in currency pairs. It refers to the price quoted in terms of the relative values of one currency against another.
Leverage trading Also referred to as margin trading. The process in which an investor borrows a large amount of money from a broker to open a larger position.
Leverage ratio The amount of leverage/money provided by a broker to trade a leveraged product. The amounts typically offered are 5:1, 10:1 and 30:1.
Maintenance margin The amount of minimum funds needed to keep positions on the account open.
Used Margin The amount of money that is currently used to keep positions open.
Equity The total value in an investors account.
Free Margin Funds available on an account to trade with (not currently being used by open positions).
Overnight charges A Fee charged by a broker for holding a position over night. It is also referred to as an overnight financial charge and is linked to the interest rate of the currency being traded.
Buy position (“going long”) A long position is the purchasing of an asset, with the expectation that its value will increase.
Sell position (“going short”) A short position refers to the sale of an asset. with the expectation that its market value is set to fall.
Slippage The difference between a requested market price and the actual price the trade was filled at.
Debt-To-Equity Ratio The ratio of the total debt of a company to the amount of capital that shareholders have invested in the company.
Derivatives A financial instrument that obtains its price from underlying security, index, currency pair or commodity.
Donchian Channel An indicator that has two boundary lines determined by the highest and lowest points.
Downtrend A series of lower highs and lower lows in the cryptocurrency market.
Earnings Per Share (EPS) The profit the company makes is divided by the number of outstanding shares the company has.
Ex-Dividend Date The very first day, a buyer of a share no longer obligated to a payment of the dividend the stock (or CFD) offers.
Exposure The sum total value of all your positions in the market at any particular time.
Finance Charge The price charged to hold a given position from one trading day to the next. This charge is generally calculated, based on the country’s cash rate plus a small interest charge.
Fixed-Dollar Model A certain fixed-dollar model, where a certain amount is allocated to risk on any given day.
Fixed Percent Risk Per Trade This refers to a risk management model where a certain amount of money is allocated to overall trading capital.
Forward Testing Testing a strategy in real time, while the movements in price unfolds.
Fundamental Analysis A method developed to evaluate the value of a company relies on financial statements, PE ratios, future growth projections and company financial statements.
Post-market Auction The last available trading opportunity for the day before the market closes.
Pre-Market Auction The identical matching out of prices
Price-to-Earnings Ratio (PE) Determining the projected worth of a project by dividing the current market price by the earnings per share.
Product Disclosure Statement (PDS) A document held by every financial services company, to provide to their clients regarding their products or services. This document will outline how the product in question worked, its potential benefits, and associated risks.
Pyramiding A rule where traders add to their existing position(s) in an attempt to maximize the potential profits on winning trades.
Range-Bound Trading Trading in a range where the value fluctuates between two main points. The two points are typically referred to as “Support” and “Resistance.”
Return On Equity (ROE) The return a company generates based on the net assets they hold.
Return On Investment (ROI) The amount of return you’ve realized on your deposited capital.
Scaling In Initiating a trade by opening a small position in order to determine your readiness to bring it up to a normal position.
Scaling Out Gradually closing your trade as it moves in your favor or reaches some specified profit objective.
Technical Analysis Any mathematical formulas used over the price and/or volume history of the market in an effort to determine the probable next move of any particular asset.
Volatile Breakout Trading A type of trading strategy that attempts to take advantage of short, sharp movements in the market over relatively short periods of time.
Volume A measure of the number of shares or contracts that are solidified over a set period of time.
Trend-Following Trading A trading strategy that attempts to profit from markets that tend to move either up or down for extended periods of time.
Trend Line A line drawn across a chart to line up successively higher bottoms in up-trending markets
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Demo Trading

NinjaTrader Review 2020: Pros, Cons, Fees & More • Benzinga

If you’re on the hunt for the best online brokerage, Ninja Trader is a great fit for both new investors and seasoned traders. Some of the key features in NinjaTrader’s futures brokerage service include:

If you’re on the hunt for the best online brokerage, Ninja Trader is a great fit for both new investors and seasoned traders. Some of the key features in NinjaTrader’s futures brokerage service include:

  • Commissions as low as $.09 per Micro contract
  • Low $400 account minimum
  • Low day trading margins of $500 per contract for E-mini S&P 500 (ES), Nasdaq (NQ) and Dow Jones Industrial Average (YM) stock index futures contracts
  • $1,000 margins for Gold (GC) and Crude Oil (CL) futures contracts
  • Free version of NinjaTrader platform included with all brokerage accounts
  • Three platform license levels with varying feature sets and commission rates

In addition, the broker offers competitive spreads and a high-speed execution service for forex currency pairs.  

Who’s NinjaTrader For?

Futures Traders

NinjaTrader’s brokerage services cater directly to futures traders. It’s the ideal destination for those both active and new, with unlimited free use for advanced charting, market analysis, and simulation trading.

Advanced Traders

NinjaTrader’s state-of-the-art trading platform has a variety of features available across three license levels that allow traders to select the best fit for their trading approach. There are two upgrade feature sets available, Trader + and Order Flow +.

While advanced charting, market analysis, and simulated trading are included free for all users, licensing Trader + or Order Flow + gives you access to premium tools such as an enhanced SuperDOM, an advanced alerting system, semi-automated order execution, volumetric bars, and other sophisticated charting systems.

Active Traders

With commission among the lowest in the industry, traders can keep their costs low on a per contract basis. NinjaTrader’s low margins are also a great fit for active traders. With numerous technical analysis tools available, the trading platform can help users target opportunities and manage execution in volatile markets.

NinjaTrader has their flagship advanced trading platform for Windows-based desktop computers. Other third-party platforms are supported and available by request. If you are a Mac user, you can run the software using a multi-boot utility like Apple Boot Camp.


NinjaTrader features a wide range of technical analysis functions that can be useful for those starting out with demo trading — especially if you want to learn how to trade futures.

The broker uses CQG (Continuum) for order routing by default but also supports order execution through Rithmic. Kinetick is also available as a free end of day market data source for stock, futures and forex data optimized exclusively for use with NinjaTrader’s platform.

If you’re interested in trying out the NinjaTrader platform using futures data, you can register to get a free two-week trial.

A free version of the NinjaTrader platform is included with all funded brokerage accounts and has all the core features needed for live trading, with access to charts, market analysis, and simulated trading.

If you want to access some of its more advanced capabilities, you can either lease the software starting at a quarterly basis or purchase a Lifetime license, which includes free upgrades for life.

The advanced tool sets are where NinjaTrader really shines. For example, sophisticated order types known as automated trade management (ATM) strategies are included in the Trader + feature suite. These consist of a set of specific rules you create to manage a group of stop-loss and profit target orders to operate on all or part of an open position.

NinjaTrader’s third-party developer community, known as NinjaTrader Ecosystem, features thousands of third-party apps and add-ons you can use with its trading platform. From their website, you can use the keyword search and filters to scan hundreds of custom tools and trading indicators built to work with NinjaTrader.

If you have programming skills, you can build compatible software within its advanced C# based development environment.

The NinjaTrader platform provides a high-performance backtesting engine which allows users to test and verify futures trading strategies using historical data. A wide range of useful educational materials are available if you’re unfamiliar with its platform and wat to enhance your skills.

These include daily training webinars designed to educate new users on the powerful tools available, hundreds of on-demand training videos, help guides, and an informative YouTube channel.


NinjaTrader’s Commission and Fees

Commission and margin requirements are among the lowest in the industry. A $1,000 minimum initial deposit is required to fund a new account and commissions go as low as $.09 per Micro contract with a Lifetime license. Day trading margins of $500 for ES, NQ and YM contracts, and $400 for GC and CL contracts are also very low.

When it comes to platform fees, the broker’s advanced platform and live data are available free of charge for use in a demo account. For live trading, you can use their free platform with all the basic essentials or choose a paid license level for more advanced features and lower commissions.

If you lease or buy a Lifetime license for the trading platform software, you also gain access to a suite of premium features that include its advanced trading management (ATM) strategic order handling. Traders who purchase a lifetime license also get the Order Flow feature set which comes with free platform upgrades for life.

NinjaTrader’s Security

NinjaTrader is well-regulated in the United States by the National Futures Association and the Commodity Futures Trading Commission (CFTC).

NinjaTrader’s Customer Support

NinjaTrader’s online support team excels in prompt replies with inquiries addressed within 15 minutes during market hours. An active user community interacts directly with the NinjaTrader support team in their User Forum. They also host daily live training webinars, have hundreds of on-demand training videos, and more.

NinjaTrader can be reached by email, phone, and an online support form for customer service. For critical trade issues, NinjaTrader provides direct phone support for brokerage clients. International traders are also directly supported with dedicated Spanish, Russian and German brokerage service teams. 

NinjaTrader’s Tradable Asset Classes

NinjaTrader brokerage offers a basic range of asset classes with a focus on futures trading on the CME, CBOT, NYBOT and Eurex exchanges. You can trade the following asset classes via NinjaTrader:

  • Futures 
  • Forex 
  • CFDs
  • Stocks*

*The platform can also be used through other supporting brokers such as TD Ameritrade or Interactive Brokers to trade stocks.

NinjaTrader’s Ease of Use

After downloading the NinjaTrader platform, it’s best to spend some time on the forum and watch the tutorial videos provided. It may take some time to set-up your ideal dashboard.

While NinjaTrader’s platform is exceptionally customizable and offers numerous advanced features, it may not be considered easy to use when you first download the platform.

Final Thoughts

NinjaTrader is one of the top brokers for futures and forex trading. The unlimited use of its free platform is a great way to get acclimated to NinjaTrader before deciding to trade live.

The free platform is sufficient for new traders with more advanced tools available as need such as semi-automated execution. NinjaTrader’s low commissions and fees, free tools, and an active community forum will work to any trader’s advantage.

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Demo Trading

‘Risk On’ Market Update 12/10/20 –

Markets finished last week firmly in a ‘risk-on’ frame of mind. Stocks, commodities and non-USD currencies all moved into bullish territory in terms of technical indicators. The uncertainty which characterised September’s price moves made way for a more positive outlook in a wide range of asset groups.

Trading Risk Measurement

Markets finished last week firmly in a ‘risk-on’ frame of mind. Stocks, commodities and non-USD currencies all moved into bullish territory in terms of technical indicators. The uncertainty which characterised September’s price moves made way for a more positive outlook in a wide range of asset groups.

Market Update

Stocks – Market News

• Asian markets had a mixed start to the week. The Hong Kong Hang Seng equity index was up 2.29% on Monday, but the Japanese Nikkei 225 was down -0.17%.

The mixed messages from the Asian trading sessions carried into the European open. Asian traders were wise to the risk of following the buying patterns only to find European and American traders taking profits later in the day.

Metals – Market News

  • Price action in gold and silver hints that they could have started one of their breakout patterns. Fans of the metals will be familiar with how both can build momentum and click through price levels on the way to their next target price. The main issue is deciding on trade entry points.
  • As of Monday morning, the price of gold ($1925.22) is where it was on Friday afternoon. Support 1 is at $1921.98, Support 3 at $1917.87.
  • Such price consolidation is a characteristic of the metal and there’s nothing bearish about the indicators.
  • The Hourly SMA has provided support and could be the indicator to watch. The kiss of that line in the early hours of Monday marking the week-to-date low at 1921.66. Price support in that region was also provided by the 23.6% Fib.

Source: FXTM

Energy Commodities – Market News

  • Geo-political risk rather than technical indicators continue to guide the price of crude with Azerbaijan and Armenia engaging in a will-they won’t-they military stand-off.
  • It’s hard to get a clear picture of how political uncertainty will impact price. Still, the increased volatility and price increase of 6.84% last week will be a tempting proposition for many.

Trade of the Week

Last week has been firmly signed off as a successful opportunity to ‘buy-the-dips’. Our desk put on a buy of the US 500 stock index one hour before the European stock markets opened on Monday the 5th of October. With an opening price of 3367.28, it caught the pre-market exuberance and was mostly in positive territory throughout the week. Only trading underwater in the overnight trading of Tuesday evening and Wednesday morning.

Source: IG

In the morning session on Monday the 12th, the total percentage return on the US 500 position is +3.74%. The two-unit purchase trade, put on using IG, generating a profit in cash terms of £244.72 in the space of one week.

Source: IG

The obvious question to ask is whether there is any juice left in the move towards risk. The countdown to the US presidential election has started in earnest. With 22 days until votes are cast, those looking for this week’s trade might have less conviction than the position our desk put on last Monday.

Gold’s role as a defensive asset is not as strong as some would suggest. It’s hard though to look past the metal’s price action, dollar weakness, and the chance that it be seen as some kind of security as the election nears.

A position in gold could be a useful marker. Our buy-in small size for $1923.15 is one for the Demo Account, but it should help keep track of the markets.

Our analysis is based on a comprehensive summary of market data. We use a range of metrics with weighting given to simple and exponential moving averages and key technical indicators.

Any information contained on this Website is provided as general market information for educational and entertainment purposes only and does not constitute investment advice. The Website should not be relied upon as a substitute for extensive independent market research before making your actual trading decisions. Opinions, market data, recommendations or any other content is subject to change at any time without notice. ForexTraders will not accept liability for any loss or damage, including without limitation any loss of profit, which may arise directly or indirectly from use of or reliance on such information.


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Learn with ForexTB: The battle of the currencies!

What is currency trading?How do currency pairs work?What currency pair is the most popular to trade and why? A few of the most common questions concerning traders when it comes to currency trading!Well, we’ve got all the answers, but first let’s start with some simple explanations and, as we go along, we’ll cover everything around…

An introductory guide to forex trading

What is
currency trading?
How do currency pairs work?
What currency pair is the most popular to trade and why?

A few of
the most common questions concerning traders when it comes to currency trading!
Well, we’ve got all the answers, but first let’s start with some simple explanations
and, as we go along, we’ll cover everything around the currency market.  

Forex trading
(aka. Foreign exchange, duh!), is all
about buying and selling currencies in pairs
. All you need to know is how
much the currency pair is worth. However, it’s not that simple, as these
currency pairs do not always deliver the desirable results to traders.

Before we dive into the trading currency
pairs, let’s see some of the most popular currencies out there. These are:

  1. US Dollar (USD)
  2. Euro (EURO)
  3. British Pound (GBP)
  4. Australian Dollar (AUD)
  5. Canadian Dollar (CAD)
  6. Swiss Franc (CHF)
  7. Japanese Yen (JPY)

Now, let’s see how they look in
pairs according to the category they fit in.
Currency pairs are divided into three categories. The “Majors“, the “Crosses” and
the “Exotics“, each with its own

1. The “Majors”
These currency pairs are always paired
with the U.S dollar
, with EUR/USD
being at the top of the currency pairs table as the most traded currency pair
in the market
. These are:


So why is the EUR/USD pair the most popular and traded pair ever?
Because both currencies represent two of
the biggest economies in the world!
Thus, trading this pair will result to
having tight spreads. And YES, this is a good thing because the lower the
spread is, the lower the fees you pay when you enter a trade.

2. The “Crosses”
These currency pairs do not involve the
U.S Dollar

These include and not limited to:


3. The “Exotics” *
These currency pairs include one major
, this being the US Dollar, and one currency from a developing market. Some examples of exotic
currency pairs are:


to note in this category: Exotics tend to be “trickier” in terms of price
fluctuation, due to economic factors. For example: A political result or
scandal in Mexico can cause the USD/MXN price to change unexpectedly!
Therefore… Trade at your own risk, if you’re about to trade with these pairs
(well, you should always be careful when trading)!

So, as we’re approaching to the
end of this useful educational article, it
is advised for less experienced traders, NOT TO trade with multiple currency
pairs simultaneously
! We recommend that you make yourself comfortable whilst trading on a demo account, as this
will make you gain confidence and at the same time potentially achieve better
results! Well, we can’t guarantee that, but you get the gist. Once you’ve mastered currencies, you can
slowly expand you trading abilities and start trading with new currency pairs!

Don’t you agree?

This article was submitted by ForexTB.
For bank trade ideas, check out eFX Plus

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