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Top-8 Best Day Traders In The World: What’s The Key To Their Success?

How to become a thriving trader? You can learn from your mistakes, or you can revert to the history which knows many successful day traders know. They not only earned millions of dollars within short time frames, but also shared the knowledge with the audience.

How to become a thriving trader?

You can learn from your mistakes, or you can revert to the history which knows many successful day traders know. They not only earned millions of dollars within short time frames, but also shared the knowledge with the audience. 

Who are the best day traders in the world, and how did they manage to make millions? This guide unravels a mystery and shows the stories of successful daytrading. You will find out who are the richest traders, which investing tips they give, and the books they have written.  

Most likely, you already know that there are not so many successful day traders – the majority of newcomers leave this activity within the first year of trading. The winner/loser ratio is pretty high, that’s why many people are so skeptical towards trading. That leads us to the first conclusion: the most successful day traders never give up. The majority of people give up after losing some certain amount of money while potential winners continue.

When you’ll be reading the stories of famous day traders, you will see they have a few features in common:

  1. Self-discipline. Trading requires a lot of attention, devotion, and a mass of time spent.
  2. Risk control. top stock traders understand the risk/reward ratio, they know when risks can be justified, and when they’re doomed.
  3. Courage. The most outstanding traders have the guts not to follow the majority and make their own decisions based on their own analysis.
  4. Thoughtfulness. It’s important to see and understand the market tendencies, and how they are formed.
  5. No emotions. Panic-selling is only one of downsides faced by emotional traders. They can get upset because of every little thing like unprofitable order or market fluctuations. Stock trading is not a place for sentiments – you have to stay cold-minded.
  6. Patience. Since the stock market is not easily predictable, it may seem there are no lucky entrance points. Top day traders wait for an ideal moment, even if it takes hours, days, or weeks.
  7. Dedication. Trading should be your hobby, which means time and investments in knowledge. Don’t limit yourself by reading books – develop your skills by learning strategies, watching YouTube videos and researching tutorials.

Thinking that day trading is purely passive income is a big mistake! Practice shows that famous stock brokers spend years on learning the basics of trading, and their education is lifelong. Stock market is too unstable and ever-changing, so you won’t go long using old knowledge only. 

1. Ross Cameron: The Best Forex Day Trader In The world?

Who is the richest day trader today? Probably, Ross Cameron. He was born and raised in Vermont (USA). He graduated from Vermont College with a bachelor of arts degree. Even at school, he was fond of architecture and professionally mastered the production of drawing documentation in AutoCAD. In the mid-2000s, Ross lived in Manhattan and worked for an architecture and design firm. Seeing that in the late 2000s, his investments lost value, Ross thought that he could achieve better results if he actively managed his portfolio. He returned to Vermont and began day trading in stocks under $20 with low capitalization.

In 2012, Ross founded the Day Trade Warrior resource – where traders can learn and draw ideas. He wanted to create a community in which traders would be surrounded by other professionals. In 2014, he began conducting training courses with a focus on risk management, stock selection, and maximum entry security. Now Ross continues to train and trade himself. In 2016, he reportedly made $222,244.91!

So, what are his recommendations? Ross Cameron shares his thoughts on why now all newcomers become successful traders:

“After several years of trading on the market and working with traders, I realized that there are two main reasons for failure. The first reason is simple – lack of preparation. Thousands of traders deposit real money into their trading account and, having no experience, immediately begin to trade. Any attempt to trade without experience in the market, along with millionaire traders and managers of multi-billion-dollar hedge funds, is a sure way to disaster. The trader should focus on the acquisition of knowledge and skills, that is, trade at least one month in simulation mode. He must make sure that he can make a profit, and only after that – start trading for real money.The second main reason for failure is the trader’s inability to manage risks. Risk is the central fundamental concept that a trader should understand. Each transaction involves an analysis of risk and profit potential. All successful traders have one standard indicator. The average size of their profitable trades is greater than the average size of expensive ones, and they are more often right than wrong. For beginning traders, as a rule, losing trades are larger than profitable ones, and trading accuracy is rather low. Such statistics lead to the fact that they cannot make a profit until they make changes to their trade. A story with good statistics ensuring the profitability of trade can be obtained as a result of the implementation of a clearly formulated trading strategy.”

2. What Is Sasha Evdakov Net Worth, And How He Made It?

Sasha Evdakov is the author of Tradersfly, and since 2013, he has written ten books, including “Start Trading Stocks: A Beginner’s Guide to Trading & Investing on the Stock Market,” and “100 Stock Trading Tips: The Mindsets You Must Know to Be a Profitable Trader!”. 

While a significant number of his books are focused on stock exchanging, yet huge numbers of the exercises likewise apply to different instruments. Through Tradersfly, Evdakov has discharged a wide assortment of recordings on YouTube, which talk about an assortment of themes identified with exchanging. Today, he has over 125,000 followers.

Books on day trading and investing by Sasha Evdakov

Books on day trading and investing by Sasha Evdakov

As an instructive business person, he is brilliant at educating, and his style is exceptionally straightforward and consistent. Actually, Evdakov says that the ‘genuine cash’ is in swing exchanging, and his feeling is increasingly outfitted towards it. Although his net worth is not stated in any official source, it’s clear that he’s a big trader with multi-million profits.

All things considered, Evdakov likewise says that he does day exchange from time to time when the market calls for it. He will now and then go through months/day exchanging and afterward return to swing exchanging.

What he implies by this is the point at which the conditions are directly in the market for day exchanging as opposed to swinging exchanging. This features the significance of both being a swing dealer and an informal investor or possibly seeing how the two work.

Sasha Evdakov gives the following recommendations to become a famous person in the stock market:

  1. Depending upon the market circumstance, swing exchanging techniques might be different.
  2. Some of the best day traders blog and post useful videos – they not only write books.
  3. Young stock traders should try swing trading at least once.
  4. When you choose between day trading or swing trading, it should depend on your lifestyle.

4. The Secret of Rayner Teo Net Worth 

One of the most famous stock traders, Rayner Teo runs a YouTube channel with over 174,000 subscribers and TradingwithRayner website that unites over 30,000 traders. He teaches peers how to prevent losing money, what are their typical mistakes, and which solutions are applicable in the current market trends. 

Here’s how he describes his work:

“At the moment, I am a swing positional trader. I try to grasp individual market movements that occur on a four-hour or daily time frame. A positional trend trader is a trader who follows the trend, and then tries to hold his position until its very end! You know, as the saying goes, the trend is our friend, and you need to follow him until it ends”.

Four market phases that each successful trader must know

Four market phases that each successful trader must know

What are his day trading secrets?

Rayner states that trend is a pretty general concept. There can be different trends in the same market in different timeframes. “Personally, I prefer to trade on the daily charts. If the price goes in my direction, I can hold my position for months and even years. And if it turns out that I was mistaken, then I leave the market within a matter of hours or days. That’s what my trading strategy looks like in general!” – he says.

5. What Made Steven A. Cohen One Of The Most Famous Day Traders?

Steven Cohen was born in 1957, Great Neck, New York. In November 2011, he took the 35th place in Forbes’ list of 400 Richest People in America. Currently, his fortune is estimated at $ 8.3 billion! Why is he one of the most famous traders today? 

He is well-known for having supernatural abilities to make money under any market conditions. BusinessWeek magazine named Cohen “the most influential trader on Wall Street.” He is the founder of SAC Capital Partners.

He studied at the University of Pennsylvania, studied economics, played poker, and became interested in the stock market. In 1978, Cohen got a job at Gruntal, where on the first day, he earned $ 8,000 for the company. Being a top daytrader, Cohen made about $100,000 a day for the organization. By 1984, he managed a portfolio of $75 million and a group of six traders. On his account, there were transactions that helped Gruntal to cover losses incurred due to the operations of other traders.

In 1992, after leaving Gruntal, Cohen opened the SAC Capital Partners hedge fund, investing $20 million of his own funds there (today, the company manages more than $12 billion). At that time, the hedge fund industry was still relatively small, and the bull market of the 1990s was just warming up.

Steven Cohen’s average monthly returns

Steven Cohen’s average monthly returns

SAC Capital Partners staff now counts more than 600 people. Nevertheless, Cohen still makes many deals himself. He starts his working day at 8 AM and tracks market charts on his monitors giving ideas to employees. About 15% of the company’s profit is obtained from operations performed by him!

6. Mark Minervini: Net Worth Is Nothing, I Just Want To Be The Best Trader

What makes Mark Minervini one of the best traders in the world? In his first year, he made 128% profit and reached 220% in five years – all that with a few thousand dollars in his pocket. Minervini is the author of some useful books, for example, “Think and Trade Like a Champion: The Secrets, Rules & Blunt Truths of a Stock Market Wizard”.

Minervini says that success day trading is not about looking for the lowest point – it’s about entering trends instead.

After spending almost ten years in endless analytical work and accumulating a wealth of trading experience, Mark has developed his own clear methodology. In the mid-1994s, relying on the loyalty of the chosen strategy, whose merits were clearly demonstrated by the steadily growing profits, Minervini combined the existing disparate accounts into one – the one about which such an impressive report would later be drawn up (up to this point, Minervini worked on several accounts that helped, in particular, to compare the results of different approaches to investment). Today, five and a half years after opening an account, his profit can be called amazing without exaggeration.

Oddly enough, Minervini managed to significantly increase capital, keeping risk at the lowest level: the fall was observed in just one quarter and amounted to only 1%.

In 2000, Minervini became the founder of his own hedge fund – Quantech Fund LP. At the same time, he is the chairman of Quantech Research Group, an analytical company that carries out stock picking in the interests of institutional clients in accordance with the methodology developed by Minervini. During the day, Minervini manages the capital of investors, at night – sits at a computer screen, studying the characteristics of companies and shares.

Minervini is definitely one of the best stock traders to learn from, and here’s what he recommends:

  1. Checking trends is more important than buying at the lowest price.
  2. Workaround huge companies;
  3. When the market situation is complicated, you should lower the risks and profit expectations.

7. George Soros’ Mysterious Strategy

The personality of George Soros has already become a legend among trading fans. This is undoubtedly the most successful top trader. He is known as one of the best traders in history, nicknamed “the man who bankrupted the Bank of England” with one of the successful day traders stories: a single transaction of $ 1,000,000,000.

After graduating from the London School of Economics and Political Science, Soros began his professional career at Quantum Fund, founded in 1969, where he made several lucrative operations. As a result, the company’s profit matched the annual income that McDonald’s recorded in 1996. However, the most lucrative deals of Soros’ career have been with the pound sterling. In 1992, Soros became one the best day trader, making a net profit of $200 million in just one month.

Soros has written several books, including “The Alchemy of Finance,” where he explains his theory of reflexivity, which he says helped him succeed in trading. 

George Soros applies the theory of reflexivity to trading`

George Soros applies the theory of reflexivity to trading`

Yet, the full truth about the reason of George Soros’ financial success is not revealed in his books because it does not contain any theory about the functioning of the stock market. In fact, his investment philosophy is very different from the theory of reflexivity. The best way to uncover some of his secrets is to read the New Money Monsters interview with John Train, in which he Soros makes the following statements:

“My approach works not because I make the right predictions, but because it allows me to correct the wrong predictions.”

This is an interesting point to keep in mind if you want to become a top trader. Several Forex traders who have worked with Soros have published some of their investment strategies. One of them is James Marquez, a former chief investment officer:

“Soros’s strategy may seem strange, wrong, and it goes against the rules. He sold cheaply and bought expensively, which can only be understood in connection with his stated mission: to be able to return and recoup another day. ”

Soros’ other investment director, Alan Raphael, said that Soros never argues, and if he makes a mistake, he admits it and ponders it.

Below are top trading tips that can serve as a basis for developing a strategy in accordance with Soros principles:

  1. Set aside hypotheses and theories that provide a complete understanding of how markets function. Reaping the benefits depends largely on knowing the exit points and the correct sizing of transactions.
  2. Define a strategy that makes sense instead of making multiple decisions spontaneously.
  3. Pay more attention to exit points and order sizes, even if they are tempting.
  4. It doesn’t matter if your strategy is backfiring: you must view failure as a force and limit losses so that you don’t wake up bankrupt one day.

8. Bill Lipschutz: Trade Like Crazy, Or Leave

Lipschutz began trading the stock market while studying at Cornell University, New York. He received an inheritance of $ 12,000 in shares and invested this money in over 100 shares. These investments helped him find a more profitable way to use the funds received.

During this time, Lipschutz studied financial markets at the Cornell library and began trading. He managed to turn $12,000 into $250,000. However, his success was short-lived, as one perfect mistake cost him almost all the money he earned. Lipschutz considered this mistake a valuable experience that helped him in the future.

Successful day trading is impossible without pain

Successful day trading is impossible without pain

Just before finishing his studies at Cornell, Bill Lipschutz started trading again and gradually increased his account size. Then he decided to devote himself entirely to the career of a trader. In 1984 he joined Salomon Brothers and joined the newly formed Forex division. A year later, he made the bank a profit of $300 million.

In 1990, Lipschutz became president of the North Tower Group, a subsidiary of Merrill Lynch. He then founded Rowayton Capital Management, which morphed into Hathersage Capital Management in 1995. This fund specializes in trading the currencies of the Big Ten (G10) countries and is still active at the time of this writing.

Bill has an unusual motto: “Trade like crazy or stay the same.” Bill gets enormous pleasure from making money at an insane speed. Yet, it comes with hard work. A trader, as you know, can watch all the markets simultaneously with a monitor mounted next to his bed so that he could analyze everything around the clock. After all, to make $ 300 million in just one year, a person needs to work really hard.

Bill Lipschutz has created an effective trading and risk management strategy based on in-depth analysis. Its main principles are as follows:

  1. Time is the cause of risk. Professional players are able to keep an eye on several currency pair trading operations. 
  2. You don’t have to come rich at Forex. Every trader learns from his mistakes, and Bill Lipschutz is no exception. Once he lost 250,000 borrowed in 5 days, but that did not stop him. 
  3. Be obsessed with deals. Bill Lipschutz believes that most traders fail to operate profitably in the foreign exchange market, not because they lack the ability, skills, or experience, but because they lack a passion for trading. Money motivation is not correct; making a profit or loss is a ‘side effect of gambling’ on the currency exchange.
  4. Feel the pain of loss. Every trader has periods when he only bears losses, but the main thing is not to back down. At such moments, a trader begins to treat money more carefully, to calculate and analyze actions.
  5. Divide the capital. The golden rule of the eminent trader is never to concentrate wealth in one transaction. Following this rule reduces the risks of burnout to the lowest possible level.
  6. Do not leave a position open with incomprehensible market movements. The position should be increased when it is possible with a high degree of probability to predict the dynamics of economic indicators and price behavior.
  7. Get it done on time. The principle of any business activity – the more you work, the more is your profit. But when trading on the foreign exchange market, the situation is the opposite. You can’t make an open position more profitable by making an effort. The trader must invest in the preparation process – the study of information for analysis.

Bottom Line

So, what makes the best stock traders? They are devoted and obsessed with what they do and ever give up. The stories of these overwhelmingly successful stock traders prove that there’s no victory without a loss (or many losses), but mistakes drive development. 

Can you repeat their achievements? Everything is possible with due dedication. There’s no need to have millions of dollars in your bank account. Start with a demo account, research the market, and read The Tradable blog to keep tabs on what’s happening in the financial sphere.

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Daily Financial News

ECB Minutes show no indication of exit discussion – MUFG

Derek Halpenny, European Head of GMR at MUFG, suggests that the release of the minutes from the September ECB policy meeting were pretty clear with the focus still very much on ensuring continued monetary stimulus.

Key Quotes

“The minutes stated that “there should be no doubt” that the Governing Council is determined to execute asset purchases and also emphasised that it would adopt further measures as required to reach its price stability goal. The minutes also showed that the Governing Council felt it was “crucial” to maintain the high level of monetary accommodation.

Add to that, we had comments yesterday from key ECB Council members to emphasise the maintenance of the current stance. Executive Board member Praet stated that recovery would stall if stimulus was removed prematurely while Constancio was more direct stating that the report on the ECB nearing a taper consensus was simply not correct.

So the stance of the ECB is unlikely to change and we maintain that the ECB will extend QE in December at the current pace with alterations recommended by staff committees allowing for an extension. While that in itself might not drive the euro weaker, it certainly limits the upside as we move toward that key meeting in December.”

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Daily Financial News

Is Your Portfolio’s Performance Satisfactory? (WMT, VOO, BOND)

What’s your investment portfolio’s performance? Do you know? Just 57% of U.S. adults are “financially literate,” according to a study from Standard & Poor’s titled the “2015 Global Financial Literacy Survey.” Another study by a large insurance company found that people are more frightened by planning their finances than dying.  What’s wrong?

Part of the problem is structural: Fewer than half of all U.S. states require high school students to enroll in a personal finance course.

(Audio) Portfolio Report Card on a $4 Million Account for T.R.

The other problem is psychological: People are fearful when it comes to saving and investing money.

Once a person has overcome these obstacles and gotten started with their investment plan, how can they know if their investment portfolio is making progress?

The Case for Benchmarking
The concept of “benchmarking” boils down to measuring the performance of your investments against relevant yardsticks. “Relevant” is key, because measuring performance against irrelevant yardsticks will inevitably lead to irrelevant results.

For example, racing a collie against a field of greyhounds could lead observers to incorrectly assume collies are slow. On the other hand, racing each dog against its corresponding breed will result in a more accurate view of canine speed. If your collie is able to easily outrun a field of competing collies, you have a fast dog. And if he/she can’t outrun a pack of greyhounds, it’s mainly because he/she isn’t a greyhound.

Beyond choosing relevant yardsticks, the exercise of measuring investment performance should become a consistent routine for all investors. Why? Because failing to periodically measure your portfolio’s performance, either by choice or by ignorance, leads to a distorted view of satisfactory results. Moreover, just because you’re comfortable with portfolio’s results doesn’t necessarily make the results satisfactory.

Level 1 Analysis
Benchmarking your investment performance is a layered process. Layer 1 is what I refer to as the “big picture” because it examines your portfolio’s investment performance against relevant passive yardsticks using an asset weighted approach. Let’s look at an example:

Portfolio ABC
30% U.S. stocks
10% International developed stocks
40% U.S. bonds
10% Global real estate
10% Money market (cash)

Comparing the performance results of a portfolio with exposure to different asset classes (like our example of Portfolio ABC shown above) against the S&P 500 (NYSEARCA:VOO) is a common mistake. In this example, the vast majority of Portfolio ABC (70%) has non-U.S. equity exposure, which makes an all U.S. equity benchmark like the S&P 500 an irrelevant yardstick for all but Portfolio ABC’s 30% U.S. equity exposure (NYSEARCA:IWB).

Properly measured, the other assets like bonds (NYSEARCA:BOND) and real estate (NYSEARCA:ICF) should have their performance compared to relevant passive benchmarks over the exact same time frame. And together, the asset weighted returns for the passive benchmarks will explain whether portfolio’s performance has been satisfactory or unsatisfactory. Simply put, outperformance over identical time frames is good whereas underperformance isn’t.

Level 2 Analysis
Analyzing investment performance at level 2 is less “big picture” versus level 1. Why? Because level 2 analysis focuses on the performance examination of individual securities versus their respective peer group. Put another way, level 1 analysis is comparable to using a telescope whereas level 2 is comparable to using a microscope.

Below we use level 2 analysis by comparing the performance of Wal-Mart Stores (NYSE:WMT) against its peer industry group, consumer staples (NYSEARCA:XLP). Over the past 10-years, Wal-Mart has gained almost +103% against a +173.10% gain for the Consumer Staples Sector SPDR ETF. In other words, Wal-Mart has badly underperformed its peer group by a whopping +70% over the past 10-years!

WMT vs XLP

Had we failed to use level 2 analysis on Wal-Mart by simply accepting the fact that its stock has gained +102.97%, we could’ve been easily misled to conclude that Wal-Mart’s 10-year equity performance  has been wine and roses. However, our level 2 analysis explicitly shows that Wal-Mart’s 10-year performance record has been substandard compared to its peers.

Because virtually all individual stocks will have a corresponding peer sector group, comparing the performance of a company’s equity performance isn’t just easier, but mandatory for all serious and truthful stockholders.

Summary
The proper way to determine satisfactory investment performance is to use relevant benchmarks over identical time frames. Level 1 analysis examines the portfolio’s asset weighted performance against passive yardsticks, whereas level 2 analysis focuses on the performance of individual securities.

Level 2 analysis can also be applied to mutual fund holdings, however, the fund’s underlying asset exposures vs. its peer group classification are far more important for correct analysis. This is a similar approach I use with the Portfolio Report Card grading system that I invented.

It’s crucial to remember that investment performance is directly impacted by your portfolio’s cost, risk, diversification, and taxes.  And while performance measurement is an ultra important step,  focusing exclusively on historical performance results and nothing else will tell you most of the story, but not all of it.

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EasyMarkets Demo Account Review for Practicing Trading

easymarkets demo account review
    • A 10+ Year Veteran of the Forex Market with a Strong Presence in Europe and Asia
    • One of the Few Brokers to Provide Guaranteed Stop Losses and Negative Balance Protection
    • Deep Product Coverage with CFDs on 95 Forex Pairs and Vanilla Forex Options on 23 pairs
    • Use Exclusive Tool Trade Controller More Effectively, Set Stop Loss and Profit Points For Your Trades
    • Personal Assistance with Trade Strategy and Order Execution from Dealing Room
  • stablished –2003
  • Domicile –Marshall Islands
  • Regulation –
  • Cyprus – CySEC (License Number 079/07), Australia – ASIC (AFSL 246566)
  • Restricted Jurisdictions –United States
  • Ownership –Privately Held
  • Segregated –Yes
  • Broker Type-Market Maker
  • Web Security –Verisign
  • Negative Balance Protection Policy –Yes

The EasyMarkets demo account review platform with a Demo account and experience simulated trading under live market conditions.

  1. No obligations,
  2. no cost
  3. no risk.

Feel the thrill ofEasymarkets Demo Account Review

 

trading the world’s markets, discover our trading platform and see for yourself just how easy we are.

this is the way to improve your techniques and professional traders to hone their skills. Try their trading simulator now for eight days. If you like them you can always open a live account, you’ll also get your lifetime demo account to practice trading strategies before you open live deals

EasyMarkets Demo Account Review Trading Features

EasyMarkets guarantees trade execution at pre-set stop-loss and profit points.  EasyMarkets is able to offer this because of its time tested risk management systems and procedures.  Brokers who do not provide these protections may execute an order at a very different level than your stop levels (also known as slippage), causing you to have much greater losses than anticipated.  Please note that this guarantee is only available for trades placed via EasyMarkets ’s web trading and mobile platform.

EasyMarkets is one of the few brokers with a negative balance protection policy.  Traders can incur a negative balance if the market gaps quickly and the broker is forced to close out open trades at a loss exceeding the account’s equity.  While some brokers begrudgingly forgave negative balances after the CHF crisis on a one-off basis, EasyMarkets is one of the few brokers offer this protection at all times and include it in its terms of service.

This Broker has more in-depth coverage of the markets than most forex brokers.   It offers CFDs on 95 currency pairs, 16 commodities, and 15 indices.  However, its coverage isn’t as broad as other brokers, some of which also offer CFDs on individual shares, bonds and ETFs.

EasyMarkets is one of the few forex brokers to offer vanilla forex options on the same platform.  This means you don’t have to switch to a different platform or broker when you want to options.  You can also use the same pool of funds for your option trades.

This means you don’t have to deal with  the hassle of transferring funds around and avoid withdrawal and deposit fees from other brokers.  EasyMarkets allows you to trade options on 23 currency pairs.  While there are no margin requirements for options, however, you will not be able to sell options unless you have an existing position in the underlying.

EasyMarkets offers up to 200:1 leverage on most currency pairs.  Automated trading available with Expert Advisors via Metatrader 4.

Market Analysis and Education

EasyMarkets provides a number of exclusive tools to help you optimize your trading.  The Inside Viewer allows you to see which are the most popularity traded currency pairs, the percentage of bullish / bearish traders, and the average stop losses and profit points on Easy-Forex.EasyMarkets demo account review

 

Trade Controller is a great tool which aids you in setting and modifying stop loss and profit points for your trades.  Its intuitive visual display allows to see profit / loss levels as both dollar amounts and exchange rates.

EasyMarkets demo account review

You are also given access to Reuters news feeds, exclusive fundamental analysis from EasyMarkets ’s research team, and technical analysis from leading independent research firm, Trading Central.  You can set SMS alerts for fills on limit orders, trade closings, and exchange rate levels.

this Broker has a nice archive of educational articles, videos, and eBooks.  They also have a well maintained YouTube channel where they provide videos on timely topics in the forex markets.  EasyMarkets also hosts the occasional webinar and in person seminar.

easymarkets demo account review Trading Features

  • CFD’s –Forex, Indices, commodities
  • Currency Pairs –95
  • Leverage –up to 200:1
  • Cryptocurrencies –No
  • Options –Forex Options
  • Trading Signals –Yes, Trading Central
  • Automated Trading –Yes
  • Social Trading –No
  • Phone Trading –No

easymarkets demo account review –  Trading Platforms

EasyMarkets demo account review Platforms 

  • Metatrader 4 (PC), Metatrader Multi-terminal (PC), EasyMarkets Web Trader (Browser), Metatrader 4 Mobile (iPhone, Android), EasyMarkets Mobile (iPhone, Blackberry)
  • Metatrader –Yes
  • Mac Software –No
  • Mobile Trading –Yes

easymarkets demo account review –  Customer Service

  • Online Support –Live chat and email
  • Phone Support –Yes
  • Multi-Lingual Support –Yes
  • Personal Account Manager –Dealing Desk Access for VIP accounts (USD 20,000 minimum deposit)

easymarkets demo account review –  Account Options

  • Minimum Initial Deposit –$25
  • Base Currencies –EUR, GBP, USD, CNY, AUD, PLN, ILS, ZAR, NOK, JPY
  • Minimum Lot Size –5,000
  • Account Types –Standard, Premium, VIP
  • Payment Options –Visa, Mastercard, Skrill, Bank Transfers

Safety and Security

asy-Forex is a respected veteran of the forex industry with 10+ years operating history. Its parent company is a privately held company domiciled in the Marshall Islands. EasyMarkets has offices in major financial centers around the world including London, Shanghai, Limassol, Warsaw and Sydney.

EasyMarkets is currently regulated by CySEC in Cyprus and by ASIC in Australia. They previously held coveted US licenses but decided to withdraw in 2010 after regulatory capital requirements were increased twenty fold during the recent financial crisis.

Over its more than a decade long operating history, EasyMarkets has been subject to a few small regulatory fines from CySEC relating to its advertising practices in 2010 and compliances lapses in 2009. There is an Israeli class action lawsuit alleging that Easy Forex provided investment advice without proper licenses.  There was a similar suit in 2010 that was subsequently settled out of court.  Overall, there hasn’t been regulatory action in recent years and the issues above didn’t endanger client funds or integrity of EasyMarkets ’s trading system.

Customer funds are held in segregated accounts in a number of reputable European banks and ANZ bank.  Online payments are secured by Verisign and EasyMarkets is subject to yearly audits by PriceWaterhouseCoopers.

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

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