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OffersFX review – Achieve unparalleled success in the trading world

It is the first step you take in the right direction and your priority should be to choose the right broker for your needs. This turns out to be tougher than you can imagine. There are literally hundreds of brokers operating in the market and when you run a comparison, most come off as eerily…

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Your trading journey begins with the search for the best online broker that can help you enter the financial market.

It is the first step you take in the right direction and your priority should be to choose the right broker for your needs.

This turns out to be tougher than you can imagine. There are literally hundreds of brokers operating in the market and when you run a comparison, most come off as eerily similar in terms of services. You need to sort through all these options to find the one that can offer you the most optimal features and allows you to take advantage of great opportunities for earning a solid return on your investment.

Bear in mind that your goal is not just to trade, but to rake in as much profits as possible. The only way this will happen is when you have the best broker by your side to help you achieve success. Do any such brokers exist? Indeed, they do and OffersFX is one of them. With more than a decade of experience under its belt, this broker is fully capable of offering trades the features and facilities they need to advance their trading career. The broker claims to offer you everything that you could possibly need during their trading journey. But, the question is whether they live up to their claims or not.

You cannot just rely on the broker’s own words because scam brokers are known to do the same. How can you be certain that OffersFX is the broker you need for taking your journey forward? The best way to find out is to take a look at everything they have to offer to you, assess each offering and then make a decision.

OffersFX at a Glance

Broker OffersFx
Website https://www.offersfx.com
Founded 2009
Regulation Cyprus Securities and Exchange Commission (CySEC)
Trading Platform OffersFx Web Platform
Trading Accounts Standard, Premium, Platinum, VIP
Minimum Deposit $200
Assets Coverage Indices, Commodities, Shares, Bonds, Forex, ETFs and Cryptocurrencies
Trading Tools Risk Management Tools, Economic Calendar
Education and Training Glossary, Courses, Webinars, E-Books, Personalized Training
Customer Support Live chat, email and fax 24/5
Security Policy Know Your Customer (KYC) and Anti-Money Laundering (AML) policies
Parent Company Xtrade Europe Ltd

How to Start Trading with OffersFx?

Perhaps, the first thing that will appeal to you about OffersFx is that it has made it incredibly easy for anyone to make their entry into the world of trading. This is because their sign up requirements are quite straightforward. There are absolutely no hoops that you have to jump through or any legal mumbo jumbo that you need to make sense of. To register with this broker, there is a registration form on their website that needs to be filled out. It doesn’t take a trader longer than a few minutes to get it done because it doesn’t ask for much information from you. You have to provide your full name, phone number and location, enter your email address and choose a password. The latter will be used for helping you access the trading account you create on OffersFx.

You will be asked to go through their Terms and Conditions and then agree with them. This is it; your registration will be done. Obviously, to open an account, you will have to make an initial deposit as well. This amount is not up to you because there is an initial deposit requirement that you have to fulfill. OffersFx is fully aware that not everyone may want to or have a lot of money to invest. Hence, they have ensured that their initial deposit requirements are rational and it gives everyone the opportunity to register with them. Their minimum deposit for the first account is set at $200, which is something you can easily afford.

The Regulation Makes a Difference

One of the most important things that you need to know about OffersFx is that when you register with this, you are opting for a regulated broker to start your trading journey. Why does this matter? What can a regulated broker offer? A regulated online broker is a legitimate fully legitimate, which means that you can have security and peace of mind when you choose them. In contrast, unregulated brokers cannot be relied upon and you will be constantly living in fear because you could end up losing your capital or have your sensitive information compromised.

Moreover, the unregulated broker could turn out to be a complete scam, but there is no such risk when you are going with a regulated broker. This is due to the fact that these brokers are monitored by regulatory authorities whose primary job is to protect the interests of the consumer and to ensure the broker operates in a fair and transparent manner. They cannot exploit their clients or mislead them in anyway and this applies to OffersFx. This particular broker is regulated by the Cyprus Securities and Exchange Commission (CySEC). Information about licensing and registration number is mentioned on their website, which allows you to confirm their claim.

The headquarters of OffersFx are regulated in Cyprus, so it is a given that they would obtain their license from CySEC and this is exactly what they have done. It adds a layer of reassurance because the broker will not disappear overnight with your funds and neither will they indulge in any illegal or unfair practices when providing their services. Plus, in the event of a dispute, the regulatory authority can be contacted to mediate the issue.

No Commissions applicable on Deposits

When you start trading with OffersFx, you will realize that it can make your life easy in a lot of ways. There are numerous online brokers that have hidden fees, charges and other surprises in store for their customers. They reveal this only after the trader has signed up with them and it can be a huge inconvenience and expense to have to put up with them. This doesn’t apply to OffersFx because being a regulated broker, they are required to be upfront and open about everything they do. They will not complicate your deposits or even your withdrawals in any way.

You don’t have to worry about any hidden fee or commissions where OffersFx is concerned and this also applies to your deposits. Even withdrawals are free of commissions, but third-parties like banks may have their own charges, which you will have to check. These have nothing to do with the broker and are taken by the bank for providing their services.

The Ability to Invest in 1000+ Instruments

When you are thinking of trading, you have to make up your mind about what instruments you wish to trade and how much you intend to diversify. Doing so can make it easier for you to choose a broker because you can check to see if they are offering the trading instruments you are interested in. Most traders want access to different types of trading instruments because this allows them to test various markets and determine which one has the most potential. Experienced traders want variety because their goal is to diversify, since this strategy is effective in maximizing returns and minimizing losses.

Opting for OffersFx gives you access to a huge array of trading products that can only be found with a few others in the market. You will definitely be pleased to know that you don’t have to be stuck with a specific asset when you go with this broker. There are more than 1,000 financial instruments available, but what are the categories? Let’s check them out:

Forex

Signing up with OffersFx gives you the opportunity to trade forex currency pairs and there are plenty of options for you to try. Most online brokers only stick to the major pairs, but this one has chosen to be different. Here, you will come across a combination of currency pairs, which include major, minor and even exotic currency pairs. EUR/USD, USD/JPY, USD/CHF, GBP/USD, EUR/GBP, NZD/JPY, AUD/NZD, USD/RUB and USD/PLN are only some of the pairs that you can trade with this broker. Opt for those that go with your trading style and start making profits.

Stocks

A lot of people dream of trading stocks of their favorite companies and if you fall in that category, OffersFx is ready to fulfill your wish. Opting for this broker will give you access to stocks of some of the leading companies in the world from different sectors. Toyota Motor, Standard Chartered, Toshiba, HSBC Holdings, Barclays, Next, Caltex, Sony, BMW, Adidas, Siemens and Volkswagen are just some of the renowned companies that you can invest in via this broker.

Indices

If you don’t like the idea of trading shares of different companies separately because it seems too hassling, you have an alternative in the form of indices, which offers stocks of different companies in one place. Trading one index means trading the stocks of different companies. Signing up with OffersFx gives you access to indices of four different continents of the world, including UK 100, Germany 30, Russell 2000, Spain 35, Hong Kong 50 and Australia 200.

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Commodities

This is one of the most popular categories amongst newbie traders because there is a massive variety that you can explore and it is one that can generate small, yet consistent profits. There are soft and hard commodities and with OffersFx, you can find plenty of options for every category. Soft commodities include wheat, coffee, soybeans, sugar, rice and cocoa whereas hard ones include precious metals like gold, silver, platinum. You can also trade natural energies when you go with this broker, such as crude oil and gas.

Cryptocurrencies

One of the most popular trading instruments that are available in the market is cryptocurrency. The tide began with Bitcoin that was launched in 2009 and the market has expanded rapidly since then. There are a wide array of cryptocurrencies that you can find and they have a high profit potential. Keeping that in mind, OffersFx has added numerous crypto to their asset index. You can trade the pioneer, Bitcoin, and enjoy the profits.

Bonds and ETFs

If you want further variety to add to your investment portfolio, government bonds like 10 year Euro Bunds British Gilt Long Governments and ETFs (Exchange Traded Funds) are also offered at OffersFx.

Trading with Fixed Spreads

When you are signing up with a broker, certainty can make a big difference. If you are not certain about some things, you will not be able to trade confidently. One of the most important things you need to know are the spreads you will have to pay when you are trading. This refers to the difference between the buying and selling price of assets and is how brokers are able to earn. Some brokers may charge commissions as well, but this can make trading extremely expensive. It is not something you want to deal with after you have chosen a broker. You want to know how much trading will cost beforehand, so you can determine how much profits you will be able to earn.

With floating spreads, this is not possible because it means that the spreads will vary for every trade. Luckily, it is not something you need to worry about with OffersFx because this broker only has fixed spreads. This is a major advantage because it tells you exactly how much costs you will incur on a trade and profit calculation becomes easier. There will be no uncertainty and you can decide whether you want to go through with the trade or not.

The Trading Platform Offers Flexibility

When online trading first became a trend, there was only one kind of trading platform that could be used. This was a desktop trading platform that could be downloaded and installed on PCs and then used for monitoring the market and executing trades. But, it didn’t take long for this option to become restrictive because technological advancement brought about the introduction of a huge array of devices, such as smartphones, laptops and tablets. The desktop computer is not that common anymore.

Therefore, modern traders are known to prefer trading platforms that offer them flexibility in terms of devices. Indeed, such options have been introduced and traders can find platforms that can be used on multiple devices. OffersFx understands the needs of traders and so they have come up with the ideal trading solution for them. They have developed their own proprietary web platform that doesn’t need to be downloaded or installed on a particular device. Instead, you can use this platform via the web browser, which means it can be accessed on any device of your preference.

As far as functionality is concerned, OffersFx has ensured that their web platform delivers a powerful trading experience. It offers a rich set of tools and features and has superior execution speed for transactions. You can enjoy single-click trading and take advantage of even the smallest of price movements. The user-interface is highly responsive and advanced charting tools are also available for smarter decisions. Moreover, you don’t have to worry about maintaining or updating the trading platform as it is the broker’s responsibility. There is absolutely no learning curve involved and you will be able to adapt to the platform very quickly.

To add to your convenience, OffersFx has also developed mobile and tablet trading apps for their clients that allow trading on the go. Hence, even when you are traveling, you can maintain complete control over your account. The app provides professional charting tools, with technical indicators and trading signals to assist you. There is one-click navigation with and the interface allows for quick transactions. You can also set trading alerts via the app, so you will stay updated with what is happening in the market.

Every Trading Style is Supported

A big struggle for traders is to find a broker that can support their trading style. Not everyone enjoys taking big risks; some people have a low-risk tolerance. Likewise, not everyone has a big capital that they can invest into the financial markets and this can make it tough for traders to find a broker willing to accommodate them. OffersFx is a customer-centric broker and their aim is to facilitate every trader who wishes to join their platform. In order to do so, they have developed four different account options and you can explore each to select one.

The options start with the Standard account that requires a minimum deposit of $200 and is suitable for beginner traders. The second choice is the Premium account that you can open by depositing $1,000 and is meant for intermediate traders. Next is the Platinum account, which is meant for experienced and skilled traders and the deposit requirement for this one is $5,000. The last account option is for professional traders and is referred to as the VIP account. You have to have $25,000 to open this account and it gives you access to all features and tool that OffersFx has added to their trading platform.

The accounts differ on the basis of the spreads that are available for different instruments. Some features are common in all accounts, which include courses, e-books, video tutorials, economic calendar, resource library, day’s signal, day’s trend, daily reports and personalized training. Only the Standard account doesn’t have personalized training. Inactive account fee is also applicable on every account, if you don’t use it on a regular basis.

Apart from these account options, OffersFx also provides its clients with the option of opening a demo account for free. This is a great feature because this account allows traders to practice their strategies before they step into the real market. They will use virtual currency in this account, which means the stakes are not real. It also enables them to test the trading platform provided by the broker so they will know exactly what to expect when they open a live account.

Banking Methods are Convenient

With a live account, you have to deposit real funds to start trading and in order to do that, you have to look at the banking methods of a broker. OffersFx ensures that every trader can find a method that suits them and is convenient. They offer a range of smooth and fast payment methods that can be used by traders. To start with, you can opt for bank wire transfer that uses your bank account for adding money to your trading account. Debit and credit cards, including Visa, MasterCard and WireCard, are also supported by the broker.

Along with these options, OffersFx has kept up with modern trends and so they have also added online payment solutions, such as Neteller and Skrill to their banking methods. These methods are available for both deposits and withdrawals and traders can use whichever option they want. NO charges are applicable for either, so you don’t have to worry about cost. However, you should note that the time taken to process transactions can vary, depending on the method you select.

Various Avenues of Support

What kind of support does a broker offer? This is not something you take lightly because trading is a sensitive and complicated process and you don’t want to wait for days to get help. OffersFx does not follow this path because to them, their clients are a priority. Bearing that in mind, the broker has added different avenues for providing support to every trader. They have given email addresses for different types of queries and you can also find a phone number for reaching out to the broker’s agent. If you want immediate assistance, there is a live chat option available on the broker’s platform that lets you contact their representative instantly.

Bottom Line

With OffersFx, you will not have any issues in starting your trading journey. They charge very reasonable fees and have taken their clients’ security and safety very seriously. Thanks to these features, you will be able to achieve unparalleled success in the trading world.

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The path of the potential pace of the JPY decline may still be underestimated by markets, which continue trading the JPY long.

While the 10% USDJPY advance from September lows looks impressive from a momentum point of view, it may no thave been driven by Japan’s institutional investors reducing their hedging ratios or Japan’s household sector reestablishing carry trades.

Instead, investors seemed to have been caught on the wrong foot, concerned about a sudden decline of risk appetite or the incoming US administration being focused on trade issues and not on spending. Spending requires funding and indeed the President-elect Trump’s team appears to be focused on funding. Here are a few examples: Reducing corporate taxation may pave the way for US corporates repatriating some of their USD2.6trn accumulated foreign profits. Cutting bank regulation could increase the risk-absorbing capacity within bank balance sheets. Hence, funding conditions – including for the sovereign – might generally ease. De-regulating the oil sector would help the trade balance, slowing the anticipated increase in the US current account deficit. The US current account deficit presently runs at 2.6% of GDP, which is below worrisome levels. Should the incoming government push for early trade restrictions, reaction (including Asian sovereigns reducing their holdings) could increase US funding costs, which runs against the interest of the Trump team.

Instead of counting on risk aversion to stop the JPY depreciation, we expect nominal yield differentials and the Fed moderately hiking rates to unleash capital outflows from Japan.The yield differential argumenthas become more compelling with the BoJ turning into yield curve managers. Via this policy move, rising inflation rates push JPY real rates and yields lower, which will weaken the JPY. Exhibit 12 shows how much Japan’s labor market conditions have tightened. A minor surge in corporate profitability may now be sufficient, pushing Japan wages up and implicity real yields lower.

JPY dynamics are diametrical to last year . Last year, the JGB’s “exhausted”yield curve left the BoJ without a tool to push real yields low enough to adequately address the weakened nominal GDP outlook. JPY remained artificially high at a time when the US opted for sharply lower real yields. USDJPY had to decline, triggering JPY bullish secondround effects via JPY-based financial institutions increasing their FX hedge ratios and Japan’s retail sector cutting its carry trade exposures. Now the opposite seems to be happening. The managed JGB curve suggests rising inflation expectations are driving Japan’s real yield lower. The Fed reluctantly hiking rates may keep risk appetite supported but increase USD hedging costs.Financial institutions reducinghedge ratios and Japan’s household sector piling back into the carry trade could provide secondround JPY weakening effects

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Africa’s first Fairtrade certified gold co-operative offers hope to gold miners living in poverty

Syanyonja Artisan Miners’ Alliance (SAMA) has become the first artisanal small scale mining co-operative in Africa to become Fairtrade certified, bringing much needed hope to impoverished communities who risk their lives to mine the rich gold seam that runs around Lake Victoria.

SAMA is one of nine previously informal groups from Uganda, Kenya and Tanzania which has benefitted from a pilot project launched by Fairtrade in 2013. This innovative program aims to extend the benefits of Fairtrade gold to artisanal miners across East Africa.

In that short time, SAMA has undergone training in business and entrepreneurship, as well as safe use of mercury, internal control systems, labour rights and better working conditions, health and safety and more. Previously, daily contact with toxic chemicals used to process gold meant members risked disease, premature births and even death.  Fairtrade gold was first launched in 2011, and SAMA now joins Fairtrade certified gold mines MACDESA, AURELSA and SOTRAMI in Peru.

The co-operative produces just 5 kg gold per year, but nevertheless has the potential to significantly benefit many people in the local community through better conditions through certification. It is expected that Fairtrade and organizations like Cred Jewellery will support the miners, ensuring their gold can be refined and made available to jewellers in the UK and other markets.

Gonzaga Mungai, Gold Manager at Fairtrade Africa said: “This is a truly momentous and historical achievement and the realisation of a dream that is many years in the making. Gold production is an important source of income for people in rural economies. Congratulations to SAMA, it sets a precedent which shows that if groups like this can achieve certification, then it can work for others right across the African continent.”

The Fairtrade Gold Standard encourages better practice and changes to come in line with international regulation around the production and trade of so-called ‘conflict minerals’. Under the Standard, miners are required to:

  • Uphold a human rights policy preventing war crimes, bribery, money laundering and child labour
  • Clearly represent where the minerals were mined
  • Minimise the risks of conflict minerals through robust risk assessments and collaboration across supply chains
  • Report to buyers and trading partners regarding the risks of conflict minerals

Now in its second phase, the programme will focus on supporting other mining groups in the region to access affordable loans and explore a phased approach to accessing the Fairtrade market, allowing more mining co-operatives across Africa to participate in the programme.

Gonzaga added: “Sourcing African metals from smallscale miners in the Great Lakes Region is the responsible thing to do. For a long time companies have avoided buying gold from this region, with devastating consequences for impoverished communities who were already struggling. It has driven trade deeper underground, as unscrupulous buyers pay lower prices and launder illegal gold into legitimate supply chains. That’s why we have chosen to work with these groups to help them earn more from their gold within a robust compliance system that offers social, environmental, and economic protections.”

The Fairtrade gold programme offers a small but scalable solution to sustainable sourcing of gold from the region in line with Section 1502 of the Dodd-Frank Act in the US, OECD Due Diligence Guidance and recent EU Supply-Chain Due Diligence proposals which could come into effect in 2016. This means that up to 880,000 EU firms that use tin, tungsten, tantalum and gold in manufacturing consumer products could be obliged to provide information on steps they have taken to identify and address risks in their supply chains for so-called ‘conflict minerals’.

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