Demo Trading

Online Brokers Launch New Products and Features as Markets Rally

While bullish retail traders continued to place online transactions at a record pace amid a historical rally for stocks, online brokers and fintech developers are rolling out new products and features. Early statistics for trading in May show continued trading surges compared to the same month in 2019, though they are flat compared to April.

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Key Takeaways

A surge in trading led to more outages at several major online brokers
Schwab’s takeover of TD Ameritrade received a key approval
thinkorswim launches a web version of its powerful trading and analytical platform
Two brokers are offering rebates for trades placed on their platforms
A new exchange for futures traders opens
Baby boomers nearing retirement can use a new app to estimate income and lower expenses

More Outages on Big Trading Days

A surge in trading the morning of June 5 caused a number of problems for online trading platforms, peaking around 9:30AM Eastern time. Downdetector reported issues at Charles Schwab, E*TRADE, Fidelity, Merrill, Robinhood, and TD Ameritrade. On Twitter, customers of M1 Finance, and thinkorswim were complaining. Customers who lodged complaints with their brokers on Twitter were asked to call support lines.

It is odd to see so many brokers suffer simultaneously when the market circuit breakers have not been tripped. These brokers do not share clearing firms; most are self-clearing. An M1 spokesperson tells us on Twitter, “We had a high and unusual burst of traffic this morning, which may have caused issues for some people. We’re currently working with anyone who was affected.” A TD Ameritrade spokesperson reports via email, “Sheer volume of messaging. We had delays for about 4 minutes of orders which were executed but messages were slow.” From Schwab, we were told, “Due to a technical issue, we experienced a delay in reporting trades for a small number of clients this morning. This was a reporting delay (not trading) and we worked rapidly to remedy the situation.”

Thinkorswim for Web Launched.

In late May, TD Ameritrade launched a streamlined version of its downloadable platform, thinkorswim (TOS), which runs in a web browser. This version has been in development for nearly two years and supports both live trading and papermoney, a trading simulator. The web version of TOS is connected to all the same data sources and trading engine as the desktop version and includes the same watchlists, including dynamic watchlists which update automatically as stocks pass the filters.

Harrison Napper, senior product manager for thinkorswim at TD Ameritrade says, “We want people to be able to use TOS regardless of device.” Napper notes that TOS web works on phones, tablets, or desktop computers and that TOS itself is one big ecosystem. Napper says, “We focused on the transactional pathway and built our process in a way to adapt to feedback rapidly. We’re getting the bones out to customers and are asking them to help us evolve based on their needs.” As customers ask for additional capabilities, including studies for the technical charting package, Napper says that those items can be added.

“One of the reasons it took a while to bring this out was the challenge of managing the data,” Napper says. When you refresh the page, it reloads the entire application. The team has done a lot of work on lightening the data payloads and the weight of the application itself. The tech team had to invent some technology to tie together the front-end, the data feeds, and the trading engine. During a brief hands-on test, we found the web platform very responsive and suitable for quick trading tasks and checking on balances. The analytical power of the desktop platform is still the place for long analytical and trading sessions.

Schwab Takeover of TD Ameritrade Clears Hurdles.

On June 4, 2020, shareholders of Charles Schwab approved the proposal to acquire TD Ameritrade. At a separate meeting the same day, the shareholders of TD Ameritrade approved the acquisition. Both groups of shareholders offered very little resistance to the merger, with less than 1% at the meetings voting in opposition.

Earlier in the day, the Department of Justice gave Charles Schwab antitrust approval for the acquisition. There were concerns about the concentration of advisor-managed investments since the merger would result in over one-third of the registered investment advisor custody market under one roof. All that remains to proceed with the takeover are some additional regulatory approvals. The buyout is expected to be completed in Q4 2020.

Trading Rebates

Two brokers, one that is new, are offering to share the revenue that they generate from payment for order flow with their customers.

SogoTrade has introduced a new pricing structure as well as a program called “Get Paid To Trade” which launches Friday, June 5, 2020. Commissions on equity limit orders are being cut from $4.88 to $0, plus orders that add liquidity will earn $0.001 per share on a minimum order size of ten shares. This is a unique program structure.

As part of this program, SogoTrade introduced a new order type that appears on the order entry screen as GP2T (Limit). This order type sets up a limit order that defaults to a penny away from the market which the customer can change to up to $0.05 away from the market price. If the order is considered to add liquidity to the market, you’ll see the credit that your order will generate once it executes. The order status page has a new column with the header “GP2T” that is highlighted in green if you have working orders if a credit is pending.

SogoTrade GP2T Order Verification.

It can be difficult for a beginning or intermediate trader to know in advance if an order is making or taking liquidity, but SogoTrade’s order entry process tells you right away if your current order qualifies for the credit. Kristopher Wallace, CEO of Asset Management at SogoTrade says, “We’ll make less money by revenue sharing, but we think we’ll be attracting new business and will make it up in volume.” Wallace says that SogoTrade wants to be competitive in a zero-commission world and that this is a simple way to get to a rebate compared to some other brokers that share rebates.

All Of Us, a San Francisco-based firm that opened its virtual doors in late May 2020, is offering to share revenue generated by their financial relationships with market makers with clients, and also automatically enrolls everyone in a fully-paid securities lending program. All Of Us pledges to credit customer accounts with $0.0001 per share traded (minimum price of $1 per share) on the day after a trade is executed. Customers who have stock that gets loaned to short sellers will be credited monthly with 30% of the revenue that the brokerage is paid by its clearing firm, Apex Clearing. Stock trades are commission-free and margin interest is 5.75%, which is below average.

All Of Us has a website as well as iOS and Android mobile platforms. At launch, only stocks and ETFs can be traded, but the firm says its roadmap includes adding retirement accounts, mutual funds, equity options, and bonds over the next couple of years. The order may vary depending on customer interest. All of Us is registered in 47 U.S. states and the District of Columbia but is not yet registered in Illinois, Massachusetts, or Missouri.

Of these two offerings, SogoTrade’s is ten times as generous with the rebate.

A New Exchange for Futures

The Small Exchange, a futures exchange offering smaller, simpler products aimed toward retail customers, launched on June 1. This exchange has been in the works for a couple of years as the developers have refined the process of building, pricing, and trading the products.

At launch, there are three Smalls available that cover stocks, the US Dollar, and precious metals. The Small Stocks 75 Index is comprised of 5 equally weighted sectors with each sector containing 15 stocks. These sectors include information technology, industrial, energy, financials, and materials. Small US Dollar is priced directly to the dollar, and it spreads USD exposure across the Euro, Chinese Renminbi, Japanese Yen, British Pound, Canadian Dollar, Australian Dollar, and Mexican Peso. Small Precious Metals combines and weights the three most popular metals by global production, US consumption, and trade volume. Next up in the product queue are Smalls that cover 10-year treasuries and the global oil market.

The contracts are designed to be uniform and move in 0.01 increments that equal $1, expiring on the third Friday of every month. The Small Exchange is the brainchild of financial network tastytrade, and the products are available to trade now at tastyworks, Tradovate, and Gain Capital, among others. Interactive Brokers, which recently made an investment in The Small Exchange, will offer the Smalls in the near future. Tastytrade has a free course that describes what the products are and offers practical examples of trading.

Dough Adds Options Trading

Dough, a commission-free iOS and Android app-centric online broker that launched last summer, recently rolled out options trading to its customers. To qualify, you must have at least a $2,000 balance.

The brokerage is helmed by Victor Jones, who had a 12-year tenure at TD Ameritrade and thinkorswim, and was TD’s director of trading and operations. Dough itself is part of the tastytrade family. Jones is enthusiastic about educating new investors and traders, so the platform is loaded with short videos explaining recent market changes and investing concepts. The order entry ticket defaults to a limit order, which Jones encourages. Jones, a millennial himself, says his generation wants to develop a deeper understanding of the markets, and describes dough as, “a long-term relationship for a generation of investors to help understand risk and strategy through a new business model.”

You can open an account at dough without making a deposit, and access all of the platform’s content at any time. New unfunded accounts have 15 days of free real-time quotes; if still unfunded, the quotes revert to delayed.

New App for Baby Boomers Nearing Retirement

Kindur, an SEC-registered investment advisor dedicated to helping retirees feel prepared moving into retirement, recently released the Silvur app, designed to help baby boomers and others avoid outliving their money. At launch, it’s an iOS-only app, but there will be an Android version available soon. Silvur leverages another Kindur-developed piece of technology, SmartDraw, to estimate baby boomers’ financial picture throughout retirement with the goal of providing awareness of potential financial pitfalls.

The Silvur dashboard lets you know how you’re progressing towards retirement.

The app is free to download and use, generating revenue through affiliate partnerships, which users can take advantage of if they so choose. Silvur has partnered with a variety of consumer brands, including Uber Eats, Hulu, wine.com, and others, that offer rebates which are deposited into users’ bank accounts. Silvur is adding new partners every week, including financial services such as home refinancing, credit cards, home and auto insurance, wills preparation, and income tax filing.

Silvur calculates required minimum distributions (RMDs) from traditional IRAs, which is changing all the time, especially through the various relief packages that have been passed by Congress during the pandemic. The interface is designed to create a guidedexperience. Each step is carefully laid out and in a hands-on test, I didn’t run into any spots where I had to figure it out on my own. If you’re over 55, this app is extremely useful and does a good job of walking users through the process of planning for retirement.

Broker Reviews

Exallt Review – Demo Account – top 75 Broker ?

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Introduction to Exallt Review

Let us start from the beginning. People should remember that Exallt offers many investment tools in the capital markets. Creating a portfolio with cryptocurrencies, stocks, commodities, ETFs, and more is possible.

It is a new brokerage that has just opened its door. That said, Exallt Live can offer exemplary services and products.

To get more details, proceed with Exallt review. The next sections will provide a detailed professional analysis of the broker and its offerings.

Broker Name:	Exallt
Broker Type:	CFD broker
Operating since year:	2023
Regulation:	Only KYC/AML
Broker status:	Independent Broker
Customer Service
Phone:	+44 2086382873
Email:	[email protected]
Languages:	English, Spanish
Availability:	phone, email, Social Media
Trading
Trading platforms:	Desktop, Mobile and Webtrader
The Trading platform Time zone:
Demo account:	Yes
Mobile trading:	yes
Web-based trading:	yes
Bonuses:	yes
Other trading instruments:	Forex, CFD, crypto, commodities, indices, stocks
Account
Minimum deposit ($):	$5000
Maximal leverage:	1:400

Exallt Trading Products and Interesting Details

Commodities

Explore top commodities, trade what you want, when you want.

Explore trending commodities such as gold, silver, oil, and others, use innovative tools and make informed trading decisions at Exallt. Benefit from advanced charting and analysis as well as ultra-fast transaction processing. Exallt delivers a trading environment that helps investors to grow.

Interestingly, it is possible to trade different types of commodities. For example, oil and natural gas. Moreover, precious metals such as gold and silver.

Forex

Forex trading is made simple by Exallt.

Forex is the most traded market in the world. It is a decentralised global market for the trading of currencies. The most popular FX pairs involve major international currencies and experience the highest trading volumes and liquidity. This market determines foreign exchange rates for every currency.

Indices

Expand your trading opportunities. Trade the most popular indices at Exallt!

Indices are another in-demand trading asset. An index measures the performance of a group of stocks, bonds, or other assets. By trading indices, you can gain exposure to a wide range of assets without buying them individually. Most index trading is done with financial derivatives like CFDs. This makes it an ideal way to diversify your portfolio and manage risk.

Stocks

Trade stocks at Exallt.

Exallt is about making stock trading easier. Get real-time access to stocks from top exchanges of the world. Diversify your portfolio with a large variety of leading global stocks. Stock trading ensures two ways of earnings: through capital appreciation or dividend payments. This market features the potential for the highest returns.

Cryptocurrencies

Exalt – the easiest and the most secure way to trade cryptocurrencies.

If you can time the market right, trading cryptocurrencies gives you much higher returns than traditional investments. It minimizes risk as you speculate on the rise and fall of the market without owning the asset. Being decentralised, cryptocurrencies allow for more freedom in trading, as there are no restrictions on how much can be traded or how often.

range of markets

Exallt and its Trading Platform

It is hard not to mention its platform. Hopefully, it is quite easy to use the platform.

As a reminder, trading is simple. The first step is to select an asset. All users have to do is click on the “asset” tab on the platform. They need to choose a preferred asset from the extensive tradable asset selection offered by the firm.

The next step is deciding on the amount a trader wants to invest in any trade. Unsurprisingly, the higher the investment, the higher the potential rewards.

Moreover, deciding whether to go short or long on their preferred asset is important. Advanced charts, graphical trading tools, technical indicators, and live analysis help to make an informed decision on probable future price movements.

It is important to remember about risk factors. When a trade position opens, customers should protect their positions from market risks. Customers should use Stop Loss and Take Profit orders. Thanks to Stop Loss orders, it is possible to reduce potential losses. Moreover, Take Profit orders allows users to lock in their profits.

Users should remember that Stop Loss and Take Profit orders will automatically close their positions when triggered.

Exallt trading platform for all devices

Exallt and Education

Hopefully, Exallt Live offers interesting information. It is desirable to read every chapter of the guide. Moreover, people will find this guide brimming with information for their financial education. Furthermore, Exallt ’s goal is to educate investors and bring transparent investing to anyone who wants it, not just the elite.

Security Of Funds

RISK MANAGEMENT

Exallt continually detects, assesses, monitors, and controls each risk associated with platform users’ trading transactions, operations, and actions. This means that they continuously evaluate the effectiveness and compliance of the policies, approaches, and procedures. Such a system approach allows Exallt to cover its financial needs and capital requirements quickly.

SEGREGATED ACCOUNTS

Exallt is incredibly proud of ensuring the ultimate protection of clients’ funds. They apply a model that keeps our clients’ funds separate from the company funds. In the unlikely event that Exallt would ever enter liquidation, the clients’ funds are wholly segregated off the balance sheet and cannot be used to cover the company’s debts and pay back creditors.

REACHING THE TOP EU BANKING INSTITUTIONS

Exallt attentively chooses the financial services to partner with. Exalt needs additional facilities to support and conduct transactions. They partnered with payment service providers to work with numerous banks worldwide, including central tier-one banks such as Barclays, HSBC & Deutsche Bank. Rest assured, the security of Clients’ funds, alongside Execution and Customer support, forms the essential focus of Exallt’s activity.

Exallt Review: Conclusion

As can be seen from the review of Exallt , it makes sense to cooperate with this firm. . Moreover, its website provides many interesting details, and it is desirable to have a look through their website to see how well Exallt suits you.

We strongly hope that this Exallt review will give you accurate information about the broker enabling you to make the right decision of choosing this broker.

Broker Reviews

Trading 212 review

Trading 212 Trading 212 deals View Similar Amazon US Trading 212 is a London-based brokerage platform that aims to democratize trading by making it accessible to the masses. Founded in 2006, Trading 212 allows users to trade in a variety of assets including Forex and currencies, gold, commodities, crypto, and stocks, etc.

Trading 212 is a London-based brokerage platform that aims to democratize trading by making it accessible to the masses. Founded in 2006, Trading 212 allows users to trade in a variety of assets including Forex and currencies, gold, commodities, crypto, and stocks, etc.

Trading 212 got the license to operate in the UK in 2013 and is approved by the FCA (Financial Conduct Authority of England and Wales). It has a freemium model offering the basic services without any charge hoping that the users opt for other paid services or transact on the CFD area of the platform.

As a user, you can use their web-based trading suite or download the application on your computer. There is even a mobile app available for both iOS and Android phones, in case you want to transact on the go.

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What to expect

Trading 212 offers an easy DIY platform and allows over 1,800 instruments to trade, offering enough options to traders to decide where and how they want to invest their money. These instruments include major cryptocurrencies like Bitcoin, Ripple, LiteCoin, Ethereum, Monero, EOS, Dash, Neo and more. Traditional assets like stocks, commodities and indices can also be traded on the platform. The diverse list of assets and choices available to trade on the platform should be attractive to many users.

Trading 212 2 — (Image credit: Trading 212)

For first-timers, Trading 212 offers a demo account which lets you try out the platform and perform test transactions without registration. This demo account gives you a real-time experience of how the platform works on your computer and mobile applications. In case you decide to sign up, you do need to provide some official documents to verify your identity and address. These documents include:

ID Proof: a scanned color copy of passport, driving license or national ID
Address Proof: a utility bill or bank statement from the past three months carrying your address

These are simply standard requirements as part of anti-money laundering legislation.

Trading 212 3 — (Image credit: Trading 212)

There is a set of questions which you need to answer for the company to understand your experience level as a trader. Trading 212 might reject your application on sign up, if the firm feels that it might be too risky for you to transact on such a platform. The entire signup process may take a good 10-15 minutes, so keep that much time handy.

Trading 212 offers you three different types of account: Trading 212 Invest, Trading 212 CFD and Trading 212 ISA.

Trading 212 Invest is best suited for traders who like to invest and trade in equities. However, the platform does not allow short-selling of equities, so in case you’re only interested in this type of trading then Trading 212 is not the right platform for you. Trading 212 ISA is only for UK-based traders who want to benefit from tax-free trading up to a certain amount, while Trading 212 CFD is open for all international traders.

In terms of deposit and withdrawal options, Trading 212 offers multiple choices like bank transfers, credit and debit card payments, Skrill, PayPal, Dotpay, Giropay, and Direct eBanking. Note that it only accepts payments in currencies like GBP, EUR and USD.

Trading 212 4 — (Image credit: Trading 212)

The web platform is very easy to use and it offers an organized layout. On the extreme left, you have the instruments you follow by adding them to your watch-list. All your pending orders or previous purchases show right next to the watch-list. In case you want to modify your transaction after looking at the live trends, this can be done here as well.

The center part of the screen displays a detailed graph of any instrument that you want to follow. Useful tips and videos can be found on the bar on the right side. Various reports can be found grouped right under the login section.

Mobile app

The Trading 212 mobile application is also fairly easy to use and shows information in an easy to understand graphical format. Simple swipe gestures help you switch between different sections and instruments. You can set price alerts, access forum, reports, or training videos right from the menu. There is a demo account available for the mobile app too that allows you to transact in all the instruments.

Charges

Trading 212 is one of the few platforms that does not charge you for transactions and is transparent about the costs applicable with paid-for services. While withdrawing funds, there is a fee applicable on the wire transfers. Third-party transfer fees may also be levied, if applicable. The platform wants you to remain active and charges you for inactivity, if inactive for over 180 days consecutively.

Support

Customer support is one of the most important features of any trading platform. Support is available by calling in, email or even through the contact page on the site. The website also has a live chat option in case you want to chat with a representative.

Trading 212 offers support in a wide range of languages including English, German, Dutch, Spanish, French, Italian, Polish, Serbian, Norwegian, Swedish, Czech, Russian, Romanian, Turkish, Arabic, and Chinese.

Regulations and credibility

Trading 212 is a trusted broker registered in England and Wales, and is authorized by the Financial Conduct Authority (FCA). It is also registered in Bulgaria and is regulated by the local Financial Supervision Commission.

The company keeps the clients’ funds separate from the company funds and are protected under the Financial Services Compensation Scheme (FSCS) which offers a security of up to £85,000. In Bulgaria, 90% of deposits with a limit of €20,000 are secured by the Investors Compensation Fund or ICF Bulgaria.

Trading 212 allows users from across the globe to sign up, though regulations prohibit sign up from regions like American Samoa, Belgium, Democratic People’s Republic of Korea (DPRK), Guam, Northern Cyprus, Northern Mariana Islands, Puerto Rico, Turkey, United States of America, and United States Virgin Islands.

Final verdict

Trading 212 is a very user-friendly trading platform, especially for beginners. The fact that you can try out the platform both on mobile and web before taking the plunge is a big advantage. Limitations like no short-selling may be a turn off for traders. However, the fact that Trading 212 offers over 1,800 assets and is very transparent about charges makes it one of the easiest recommendations for us.

Broker Reviews

Sollari Review – top 75 Broker ?

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Sollari Review

Sollari is a global forex and CFD broker with trading platforms that is suitable and fully functional for all devices.

This is a good option for all levels of traders, although the product portfolio is average, and there is an inactivity fee to be aware of.

Initially formulated in 2023 to provide a robust forex trading platform, Sollari offering to include CFDs, indices, shares, commodities, and cryptocurrencies.

Sollari has several trading tools and features designed to make your trading experience as smooth as possible. The trading platform, has been heralded as a simple and convenient platform without losing the functionality you would find at MetaTrader 4. Some education is also available through the trading platform, and highly responsive customer service is available 24 hours a day.

Please read my full Sollari review for further details of this forex broker so you can decide whether Sollari can meet your needs.

Who is Sollari?

Sollari is a global forex, spread betting, and CFD online broker. Sollari is an online Crypto and Forex Broker providing traders across the globe with cutting-edge technology to trade the world’s markets. In a continuous effort to give their traders a more comfortable and safe trading experience, their experts have been improving their service and solutions ensuring traders have the freedom to trade whenever and wherever they like.

They are headquartered in Kingstown, St Vincent and the Grenadines. with offices in Milan, Nassau, Sofia, and Luxembourg and are authorized and

Sollari product range overview

The product range at Sollari is average compared to other brokers. They offer a solid selection of currency pairs and CFDs, no futures CFDs, and an average number of commodity and stock index CFDs. additionally they do offer leverage trading on the main cryptocurrencies.

Sollari Range of Market

Forex trading

More than 50 Forex pairs are available at Sollari with no commission and some of the tightest spreads in the industry.

Indices and Financial Trading

Indices and financial CFDs have flexible margin requirements and low spread , representing some of the industry’s best spreads. There are no overnight or hidden fees of any description to worry about.

Commodities Trading

At Sollari, there are several commodity CFDs, including metals and energies.

Share CFDs Trading

Trade more than 100 company shares without ever owning the underlying security. At Sollari, you can access global stock exchanges with the option to go long and short and benefit from leverage. For non-leverage trading, there is zero commission.

Sollari Accounts

There are five trading account options at Sollari. Of note are the Professional Trading Account and the Islamic Trading Account. There is also a free demo account from where to practice your trading.

Free Demo Account
You can select from the free demo account which platform you would like to practice trading on their trading platform. You will immediately receive $100,000 of virtual funds, which can be used to familiarise yourself with the financial markets and forex and CFD trading.

Islamic Account
This is a Shariah-compliant Islamic account which includes many features that are in keeping with Sharia law.

See here the overview of all the accounts.

	BASIC ACCOUNT	STANDARD ACCOUNT	GOLD ACCOUNT	PRO ACCOUNT	VIP ACCOUNT
MINIMUM DEPOSIT	$5,000	$10,000	$25,000	$100,000	$250,000+
ORDER EXECUTION	Instant	Instant	Instant	Instant	Instant
ACCOUNT CURRENCY	USD, EUR, GBP	USD, EUR, GBP	USD, EUR, GBP	USD, EUR, GBP	USD, EUR, GBP
ACCOUNT MANAGER	yes	yes	yes	yes	yes
SPREAD, PIPS	Fixed	Fixed	Fixed & Floating, Variable	Fixed & Floating, Variable	Fixed & Floating, Variable
QUOTATION (NUMBER OF MARKS AFTER POINT)	5 marks	5 marks	5 marks	5 marks	5 marks
LEVERAGE	100	100	200	500	500
MAX. TRADE SIZE	10 lots	20 lots	40 lots	50 lots	100 lots
REQUOTES	None	None	None	None	None
MARGIN CALL LEVEL	40%	40%	40%	40%	40%
STOP OUT LEVEL	30%	30%	30%	30%	30%
TRADING PLATFORM	all devices	all devices	all devices	all devices	all devices
CUSTOMER SUPPORT	24/5 support	24/5 support	24/5 support	24/5 support	24/7 support

Sollari Trading Platform

Sollari provides a web, desktop, and mobile trading platform on their trading platform, which is provided by the High-tech software provider “easytech”.

This trading platform has an excellent reputation among traders.

Sollari Trading Platform

web trading platform

The web platform allows you to place trades directly from your web browser in an easy-to-use interface that is customisable and available in several languages. The web trading platform falls short because of its lack of social trading; however, it is well-designed with several useful features.

There is a two-step login for additional security, and you can search for an asset using its name or by category. Order types include:

I was impressed with both the portfolio and fee reports which were comprehensive and easy to use, with clear information on commission, swap fees, and performance.

There are also the following useful features available on the trading platform:

Trailing stop

Trailing the position of a current price can then trigger a stop order as the price reaches a predetermined distance from a stop order. It works similarly to a stop order but in a more controlled way that aligns with movements in the market.

Market Sentiment

This allows you to closely monitor movements in the market using data from other traders concerning a specific instrument.

Hedging

This allows you to mitigate risks by investing in the same product in a different direction.

Charts

Real-time charts provide up-to-the-moment information, including historical trends, forecasts, and current trends.

Sollari mobile trading platform

The mobile trading platform is in keeping with the web trading platform, with much of the same functionality.

The actual design is well laid out and easy to use with customizability. I found the mobile app fast with personalised watch lists and the ability to open positions directly from real-time charts.

There are price alerts that include statistical alerts, which can be monthly or yearly for currency pairs, indices, etc. Clicking on the alert will automatically open the app on the instrument.

Sollari desktop trading platform

Use the desktop platform. This platform is designed with professional traders in mind, leaving the webtrader as an alternative for beginners and intermediate traders.

There is excellent customizability, some good search functions, and a choice of several languages.

There are several tools and technical indicators designed to enhance your trading activity.

Sollari customer service review

Customer service is excellent at Sollari, with immediate response times across multiple channels.

There are several channels for contacting customer support, including phone and email. When I tested their service, my query was dealt with immediately without even the intervention of a chatbot. The service provided via email and phone was similar, with fast, relevant responses to my queries. Customer service is provided 24/5, which is above average.

Sollari is opening an account.

The account opening process is straightforward, fully digital and quick. You will need your ID.

To open your account, you should first decide on the account type you wish to open

Then you can follow these quick and easy steps:

Select your country of residence
Add personal information, including name and email address
Choose a password
Enter your home address and tax residency
Complete some simple questions relating to your trading experience
Fill in information pertaining to your personal finances, such as income and savings and employment status
Select your base currency
Upload your ID documentation and proof of address, such as a utility bill or bank statement.

Sollari Deposit and Withdrawal

Deposits and withdrawals and essentially free, and the minimum deposit is high compared to what you would find at other brokers.

Before making your first deposit, you will need to choose between the following base currencies:

EUR, USD, GBP

Deposit options include:

Bank transfer
Credit and debit card
Cryptocurrency

The minimum deposit is $5000, which is high compared to other brokers. There are no fees should you choose to deposit via bank transfer from your bank account.

Bank transfers take several business days.

Withdrawals can be made using the same methods accepted for deposits, and there are no withdrawal fees for electronic wallets and credit/debit cards.

Sollari safety

Sollari is not regulated by the Financial Conduct Authority (FCA) but is performing full due diligence to comply with AML regulations.

In addition, all client funds are held in segregated bank accounts to protect those funds should Sollari go bust.

The Sollari negative balance protection protects client funds should their balance go negative.

Sollari fees

Sollari has low CFD and forex fees and average non-trading fees.

Fees can be separated into two main categories for a CFD and forex broker: trading and non-trading fees.

Trading fees

The trading fees will vary depending on the financial instruments you are trading within each asset class. Trading fees can be charged as a spread, a commission, or a financing rate.

Spreads differ between the bid and ask price for a foreign currency price. Here’s how Sollari spreads compare against some other forex brokers:

Non-trading fees

Sollari has low non-trading fees as they do not charge deposit and withdrawal fees, and there is no account fee.

Inactivity fees are charged. There are inactivity fees to be aware of. However, these will only kick in once your account has been inactive for several months and you have a positive balance.

Who is Sollari suitable for?

Sollari is suitable for all levels of traders looking for a solid trading platform and very competitive spreads.

The selection of account types is aimed at both retail and professional investors.

Forex Risk Disclaimer

There is a very high degree of risk involved in trading securities. Concerning margin-based foreign exchange trading, off-exchange derivatives, and cryptocurrencies, there is considerable exposure to risk, including but not limited to leverage, creditworthiness, limited regulatory protection, and market volatility that may substantially affect the price or liquidity of a currency or related instrument. It should not be assumed that these products’ methods, techniques, or indicators will be profitable or will not result in losses.