What is Exness?
Exness is the brand name of the global brokerage firm that delivers its services through two main offices in Seychelles and is a Cyprus Broker. The divided nature of the firm enables worldwide clients to enjoy tailor financial service and investment solutions, while the global brand delivers vast opportunities to the retail and mainly corporate solutions or partnerships.
The EU based company in Cyprus performs fully regulated services to the members within EEA and world. Moreover, the broker also expanded its global reach and established a UK-based entity Exness UK Ltd which is also respectively and fully regulated.
Actually, Exness has won numerous awards as a retail broker as it offers stable and reliable brokerage services with the comfortable trading environment created to suit the most demanding traders with their tight spreads and no hidden commissions from 0.1 pips. The trading process is delivered by the intuitive platform MT4 with a possibility to trade a number of CFDs and Futures on a range of markets.
Exness Pros and Cons
Exness provides good trading environemtn and is authorized by reoutable authority like FSCA, the mainstay on MetaTrader technology provides good research, education and analysis.
On the negative side the are some limitations in product offering with trading instruments Forex and CFDs, also there is no multi-currency accounts and proposal is different in each jurisdiction.
Awards
Along with its history of operation, Exness has been awarded and recognized many times including different aspects like Customer satisfaction, trading technology and overall rankings recognizing its success.
Moreover, the Exness takes an active role in social life, as well as acting as an honored sponsorship partner with various organizations. Currently, Exness proudly sponsors the world’s number one football team, Real Madrid, and the best football player alive, Cristiano Ronaldo.
Is Exness safe or a scam
No, Exness is not a scam it operates under relevant country’s legal requirements authorized by FSCA South Africa providing low risk Forex and CFDs.
Is Exness legit?
Exness Group due to its presence in various countries and established offices regulated by necessary local authorities that also highly respected within the industry. Exness UK Ltd is authorized and regulated by the Financial Conduct Authority, while Exness CY Ltd holds a license from CySEC.
Thus, the broker permitted to provide financial products or services within its activity in above mentioned countries and in another country in the EEA. Also, there is a license from an offshore Seychelles, which rather provides just registration than serious regulation, yet additional licenses from reputable authorities make things and Exness offers reliable.
How are you protected?
Therefore, and due to operational standards that are set according to the requirements along with the customer protection, money segregation and participation in investor compensation fund or scheme. The EEA registration and the provision of services on a cross-border basis performed by authorization from cross authorities within Europe that makes Exness operation standards highly reasonable ones.
Leverage
As the majority of Forex brokers, Exness also offers to use leverage, which may increase potential gains through its possibility to multiple initial accounts balance.
Leverage levels always depending on the instrument you trade, as well defined by the regulatory restrictions and your personal level of proficiency.
Since FCA and CySEC along with its European directive miFID significantly lowered the possibility for leverage levels, the maximum leverage you may use as a retail trader is
1:30 for major currencies,
1:20 for minor ones
1:10 for commodities.
Yet, a global entity of Exness may allow much higher leverage ratios up to 1:1000, which are also defined by the country of your origin.
And of course, always learn how to use leverage correctly, as leverage may increase your potential loses as well and is a different feature in various instruments.
Account types
The accounts available with more than 80 currency options while the company features instant payment options and offers Standard Cent Account which is great for traders of smaller size, Standard Account and Professional ECN Account with raw spread offering and commission charge per trade.
At Exness you can expect a fully-regulated and safe trading environment that allows to either open a demo account and test trading strategies or to open a live account to enter forex markets. The traders of world jurisdictions may be subjected to different account offerings that range according to regulation and compliance.
Spreads
Exness spread is based on tight variable spreads, which is defined by the account type as well. Standard Cent Account Spreads are starting from 0.3 pips with no commission on trading volume which means all trades are calculated in cents, the Standard account costs based on tight spreads from 0.1 pips.
And Professional ECN account features raw spread plus the commission per trade. See some of the examples below for a better understanding of Exness costs and comparison with other brokers, as well compare fees to another broker DF Markets.
Market Instruments
The markets that you can trade with Exness offers popular Forex with 107 currency pairs, CFDs on Stocks and Indices, Energies, Metals and 7 Cryptocurrencies.
Deposits and Withdrawals
Exness performs instant deposits and withdrawals with no commission charges using a number of electronic payment system that provides control over your trading account funding at convenience.
Deposit Options
The payment options including the possibility to use either method so you can always choose a suitable one. Exness typically does not charge any deposit fees or internal charges, you payment provider according to the residence might add on some fee, so make sure to verify it.
Bank Wire Transfers
major Credit Cards,
e-systems Neteller and Skrill
Exness Minimum deposit
Exness does not require a specific amount at the beginning, so you will be able to start as small as 1$. The professional account may demand though 200$, and of course check on the necessary margin requirements that are usually set for each trading instrument separately. Also, check on the payment methods, as some of them set a minimum transfer amount.
Exness minimum deposit vs other brokers
Withdrawals
Exness does not charge any fees either for deposits or withdrawals. Withdrawal options including so far most used Bank Wire and Cards, also check before any transfers are done with customer service in case there are any fees that may be applicable, due to your country of origin or maybe by the payment provider himself.
Trading Platforms
The trading platform choice offers the selection between industry leaders MetaTrader4 and MetaTrader5 along with mobile trading platforms and MT4 WebTerminal that allows access through any device.
Web trading
While both platforms are well known software in the industry, MetaTrader4 features a convenient and functional trading platform that has been recognized by professional world traders and retail traders as well. While MT5 is a more developed version of the previous one with powerful features and new possibilities. You can access both via Web Trading, which is free from download or installation platform accessible via the browser.
Yet, Web version is always less advanced as desktop one, so if you develop a comprehensive strategy and need more customization and charting features go for the desktop version.
Desktop platform
Both MT4 and MT5 support all devices including PC and MAC, so the choice is yours which platform you prefer to use either industry standard or its new developed version MT5. Good to mention again that each account supports both platforms, so there is no need to specify, you can use two at the same time, which is great.
Trading styles
Since there are many traders who still prefer the MT4, both options are available along with the analytical service with free technical analysis from Trading Central, high-quality VPS hosting, economical calendars, quotes history and a constant monitor of the accounts.
The most relevant news affecting the Forex market available from Dow Jones News, the leading provider of information in the world, hence included into the streaming line of the platforms. Meanwhile, all trading styles are welcomed making your strategy available and possible to be performed at Exness.
Mobile Trading Platform
Free and simple to use apps suitable for iPhone and Android devices, supporting MT5 and MT4 versions as well, so you can remain updated about trading on the go. Apps are highly regarded and well developed, so you can apply full customization on your phone, as well as check account status, request withdrawals and see fee reports, all from your mobile.
Customer Support
Lastly, together with comfortable conditions for trading, you will get advanced support that brings customer service in 13 languages available 24/5, and support 24/7 in English and Chinese. Exness gained actually quite good rankings for its support and is recognized among financial markets for its excellence.
Education
Exness actually runs its own Exness Academy designed to support and educate thousands of traders from all over the world. There are developed learning materials designed by the level of experience and covering essentials from the beginning, also bringing further development by learning how to manage risks smarter and finishing up with the practice.
Exness provides free Demo account and along with up-to-date financial news from Dow Jones, educational robust materials and Web TV with the latest updates. We really like how Exness organizes the knowledge base and invest in its traders’ improvements. So the professional teams of Exness provide active traders with one-stop powerful tools. There you will find also research tools, fundamental analysis and technical research, along with weekly outlooks, trading ideas and many more.
Conclusion
Overall Exness review is about the transparent, fully regulated by various jurisdictions brokerage company that was recognized timely for its achievements and high operational standards. Apart from the availability of the Mini and Standard accounts that enables traders of any size to join, competitive trading conditions from 0.1 pips and range of markets so you get technical support from the industry-leading MT4 or MT5 platforms.
JustForex, a retail Forex broker that operates out of St. Vincent and the Grenadines, focuses on retail traders from emerging markets. It uses generous promotions to attract new clients; in fact, the broker claims that a new client opens an account every eight seconds. From their website, average profits are seven times the initial deposit, 52% of traders consider it as their primary source of income, and 70% make use of its research. The website boasts that JustForex serves millions of traders from 197 countries.
Regulation and Security
JF Global Limited, the corporate owner of JustForex, maintains registration in St. Vincent and the Grenadines. The Financial Services Authority (FSA) authorizes international business companies (IBCs) though it does not provide regulatory oversight. Credexa Commerce LP acts as the payment agent.
Client deposits remain segregated, as stated by JustForex on their website. Deep liquidity (granted by 18 global banks), and international security standards are part of JustForex's efforts to protect its clients. Negative balance protection exists, but deposit insurance is absent. No mention of external auditors is available.
JustForex is an IBC, registered in St. Vincent and the Grenadines.
Fees
A combination of spreads and commissions create the cost-structure at this broker. The advertised pricing environment is competitive but isolated to a handful of assets only. Traders receive a commission-free EUR/USD spread of 0.6 pips in the Pro account, which is a competitive offer. The Raw Spread alternative lists 0.0 pips for the same currency pair for a fee of three currency units of the base currency per side, or €6 for the EUR/USD.
Swap rates on leveraged overnight positions apply, and corporate actions such as dividends, mergers, and splits, impact equity and index CFDs. JustForex passes on all relevant credits/debits and remains transparent about them. An inactivity fee of $5 per month exists if no trading activity has occurred for 150 days. Deposit and withdrawal fees depend on the payment processor, but the overall fee structure is minimal.
The Pro account offers spreads as low as 0.6 pips.
The Raw Spread account commences with spreads as low as 0.0 pips for a commission of six currency units of the base currency per round lot.
Account Types
Three commission-free account types, and one raw spread alternative, are offered by JustForex. The Cent and Standard accounts require a minimum deposit of just $1 or a currency equivalent. Remaining committed to smaller portfolios, the Pro and Raw Spread accounts require only $100 to open and provide a suitable trading environment. JustForex also offers swap-free Islamic accounts.
JustForex offers traders four account types.
Trading Platforms
Traders may choose between the basic version of the MT4 or MT5 trading platforms. It offers a quick guide on how to use MT4, in a refreshing touch, directly under the introduction of the trading platform. Regrettably, JustForex does not grant any third-party add-ons to upgrade the trading platforms. MQL5 Signal Trading supports social trading in MT4/MT5.
The MT4 trading platform remains the superior selection at JustForex.
Unique Features
Perhaps the most unique feature offered by JustForex is the leverage of up to 1:3000 which is especially high considering that many regulators and can provide traders with an opportunity to get more for their money. However, it should be noted that trading with leverage is not advisable for all traders and should be done with extreme caution as it can also cause significant losses.
Another advantageous feature we found during this JustForex review is the bonuses offered to clients which may vary, but can often provide a solid incentive to try out the service.
Research and Education
JustForex generates dozens of trade set-ups daily, divided among six sections. The content is generally brief but consists of charts and the necessary essential written analysis, resulting in acceptable research. Education consists of webinars, an extensive library of written content, and five short educational videos. Research and education fulfill an essential role at JustForex, as evident in the invested effort.
JustForex generates dozens of trading ideas across six sections.
Bonuses and Promotions
JustForex offers generous promotions to attract new clients. The promotions may be as high as 200%, but traders should read the terms and conditions before confirming their bonus.
JustForex Review bonuses and promotions
Opening an Account
An online application is used to create new accounts. After obtaining access to the back office, verification is mandatory to comply with AML/KYC requirements. A copy of the trader’s ID and one proof of residency document usually completes this step.
The Account Opening procedure is standard for the industry.
Deposits and Withdrawals
JustForex supports 25 payment options, including credit/debit cards, online payment processors, local bank wires, and cryptocurrencies. Processing times for deposits are instant, while withdrawals are commendably fast, at between one and two hours. Applicable fees are dependent on the preferred payment processor. In general, the overall choice is excellent.
Deposits are processed instantly.
FreshForex, founded in 2004, is one of the leaders on the Forex market in Russia. Its head office is in St. Vincent and the Grenadines. The company provides access to Forex and CFD markets. It is licensed as Riston Capital Limited and regulated under the financial regulators CRFIN and KROUFR.
Accounts
FreshForex offers three trading accounts. The Classic account is the best account for those starting out in Forex trading. It offers more than 130 tools, leverage up to 1:1000 and the minimum order is 0.01 lots. The Classic account uses fixed spreads for currency instruments.
The Market Pro account is a type of account suits active traders and scalpers perfectly. It uses floating spreads from 0.9, precise quoting of 5/3 digits and execution from 0,1 sec. Stop Loss and Take Profit orders can be set only after opening position. On both Classic and Market Pro accounts orders are executed under the Market Execution mode
Traders opening the ECN account receive professional trading on the advanced level as well as an inside trading spread, high liquidity and prompt switches to interbank when needed.
A Swap Free account can be set up for any of the accounts. It is the best account setup for both traders working on long-term strategies and Muslim traders practicing Shariah law. This account is available on Classic, Market Pro and ECN accounts with a fixed commission from $5 per lot.
There is no minimum deposits stipulated for any of these accounts but the broker does recommend certain amounts and these are listed on the site.
A demo account is available at FreshForex for newbie traders just starting out in Forex trading and can be set up with any of the three accounts.
Features
The FreshForex website is user-friendly and easy to navigate. The pictures are colorful and attractive. However, when doing this review, I clicked on several tabs and was surprised to see the pages in Russian.
An interesting feature is that the FreshForex company indemnifies up to 100% of deposit commission to its clients on payments made through the most popular payment systems. For example, if a trader pays $1000 and a commission of $25 is taken off, FreshForex will refund the $25 so the trader still has a payment of $1000 to use for trading.
Smart Bridge Technology is another feature offered by FreshForex. The Smart Bridge Technology (SBT) system is a flexible and reliable mechanism used to hedge Forex trading risks, which allows the broker to work directly with several liquidity providers. The system monitors several channels of Forex quotes in a real-time mode, selects the best offer in the split seconds and ensures instant execution of an order at the best available market price.
Bonuses/Promotions
There were several bonuses and promotions offered at the time of this review.
Anyone with a Classic account can link the account to the "Fresh Rebate 50%" promotion to get the highest Forex rebate on spreads: $5 per lot on profitable trades either $10 per lot on loss-making trades.
Before June 1, 2016 traders can take part in the "36% per annum" promotion and receive the most profitable interest rate on free funds. All they need to do is trade as usual, earn with various instruments and FreshForex will work to increase the deposit month by month up to 36%. Classic and Market Pro accounts that are not linked to the “Fresh Rebate 50%” promotion are eligible for the promotion. There is no limit on the number of participating accounts.
Traders can also join the "Double deposit" promotion and receive a bonus of 101% for every deposit amount from $100.Trading with maximum leverage 1:1000 can end up with a profit of an extra 33% for every future deposit.
The most exciting promotion at the time of this writing was an opportunity to win a BMW X6M. Only $100 is needed to participate and there are 10 prizes given at the end of each stage of the contest. In total there are 75 prizes awarded and the top 5 winners at each stage win the prizes.
This contest expires during the first week in May.
Education
FreshForex offers a host of educational material including webinars and a series of guides and lessonsThere are several interactive instructional sessions and a list of books is provided that can help traders create their own trading system and learn more about methods of market analysis.
Daily Forex forecasts by top experts are posted and the Fresh Forex Forecast service analyzes the latest data on price action on the daily basis which are followed by more than 10,000 traders. Daily fundamental review represents up-to-date information on major currency pairs and regular reports based on trend potential review allow you to plan your trading for the coming week.
Deposits/Withdrawals
There are more than 20 methods of deposit and withdrawal and no fees for deposit are charged by the broker. Funding is credited to the account instantly and withdrawal applications are completed within 10 minutes.
Separate charts are provided for all the methods of deposits as well as the ways to withdraw funds.
Customer Support
The main headquarters for FreshForex is in St. Vincent and the Grenadines and traders wishing to contact a representative can call the numbers listed on the site. Email communication is also available as well as Chat during trading hours. An online request for information form is also provided.
Conclusion
FreshForex has been in the industry for over ten years and has been providing its members with a host of interesting features including a choice of different platforms and several trading accounts. When doing this review, I felt that certain information was missing or not clear.
Features
Among the many unique features at FreshForex, the "Smart Bridge Technology" (SBT) system is one of the best. This program is a flexible mechanism used to hedge Forex trading risks by allows FreshForex to work directly with several liquidity providers. Traders benefit from Forex quotes in a real-time mode, a selection of the best offers and the assurance that their trades will be executed within seconds at the best available market price. The MT4 trading platform is one of the best in the industry and is available to all traders.
TeleTrade, which was established in 1994, is an EU-based broker; as such, it operates under the uncompetitive regulatory framework of the ESMA. The broker makes bold statements about using cutting-edge technology. Regrettably, it only provides clients with the out-of-the-box versions of the MT4/MT5 trading platforms. This appears to be the standard approach by brokers attempting to mask their lack of competitiveness. While the broker does offer its copy-trading service, TeleTrade Invest, it takes 40% of the signal provider's commissions; for reference, a signal provider may set their rate between 1% and 50%. The asset selection remains limited, and so does the leverage, and the educational content is of low quality.
Regulation and Security
The Cyprus Securities and Exchange Commission (CySEC) is the sole regulator of TeleTrade, which is headquartered in Cyprus. While this broker counts this as one of its assets, it remains a distinct liability for committed traders as TeleTrade operates under the uncompetitive ESMA regulatory framework and MiFID II. That essentially prevents the broker from offering a competitive trading environment. Client funds remain segregated, and an investor compensation fund exists, together with negative balance protection. From a regulation and security perspective, TeleTrade delivers a secure and trustworthy environment. The cost traders have to pay for it is one of the least competitive product and services offers globally due to ESMA restrictions, which have been in place since 2018.
Fees
TeleTrade offers one commission-free trading account and two commission-based alternatives. The EUR/USD commences from a mark-up of 1.7 pips or $17 per 1.0 standard lot in the commission-free Standard MT4 account. The commission-based MT4 NDD account features a spread of 0.9 pips for a commission of 0.007% or $16, decreased to 0.2 pips and 0.008% or $10 in the MT5 Real ECN account. Those are the minimum costs, with average prices above that, rendering all three uncompetitive but largely within the norms for CySEC brokers. Equity CFDs face a 0.10% commission and an above-average mark-up. Traders will pay swap rates on leveraged overnight positions, and they do receive the impacts from corporate actions such as dividends, splits, and mergers. Third-party withdrawal fees exist, depending on the payment processor.
MT4/MT5 traders can easily access swap rates from their platform by following these steps:
1. Right-click on the desired symbol in the Market Watch window and select Symbols.
2. Select the desired currency and then click on Properties located on the right side.
3. Scroll down until you see Swap Long and Swap Short.
TeleTrade maintains three expensive trading accounts. The minimum spreads listed on the home page contradicts those in the contract specifications for the two MT4 account types.
What Can I Trade?
Forex traders have access to 56 currency pairs, 19 cryptocurrency pairs, and 23 commodities. Completing the asset selection are 104 equity CFDs and eight Index CFDs. The cryptocurrency selection remains a superior offering as compared to many other non-cryptocurrency brokers, and the commodity selection is acceptable. The rest is below average, and while the overall choice of trading instruments may suffice for new retail traders it fails to cater to traders with advanced needs.
Account Types
Traders may choose between the commission-based MT4 Standard Account or the two commission-based MT4 Plus and MT5 Plus alternatives. Another section refers to the MT4/MT5 Plus as MT4 NDD and MT5 Real ECN, respectively. TeleTrade labels them NDD and Sharp ECN Accounts on the home page. This inconsistency from a broker that has been in operation for 26 years is unacceptable and displays sloppiness and a disturbing degree of unprofessionalism. TeleTrade also lists maximum leverage of 1:500. Due to the ESMA crackdown, that applies to professional clients only. Retail traders remain restricted to 1:30, and from a broker catering to retail traders, this marketing gimmick, while technically correct, is inexcusable. The minimum deposit is $100 across the board, with the MT5 account featuring the best cost structure but not all trading instruments. It leaves the MT4 NDD account as the best choice among three uncompetitive ones.
Trading Platforms
TeleTrade delivers the out-of-the-box MT4 and MT5 trading platforms, labeling them and itself as a broker using cutting-edge technology. It is another marketing trick to mask the absence of it. The core versions remain sub-standard and require third-party upgrades. Both support them, with the MT4 home to more than 20,000. TeleTrade does not provide any, however, placing its clients at a further disadvantage. The MT4 MultiTerminal is also available, which supports retail account management.
Unique Features
TeleTrade developed its own copy trading platform, which it labeled TeleTrade Invest. Traders who wish to become a signal provider must maintain a minimum of $300 of equity in their trading account. The maximum leverage remains limited to 1:100 which, again, applies only to professional accounts since the ESMA limits retail traders to 1:30. A signal provider may charge a commission between 1% and 50%, however TeleTrade takes a 40% commission from their “reward,” which is an unacceptable, excessive cost. Besides the copy trading platforms, the marketing tricks, many misleading, stand out. The absence of plugins for ECN trading is also worth noting.
Research and Education
Traders have access to a competitive research section consisting of numerous sub-categories with frequent updates and fresh daily content. It represents the best asset that TeleTrade offers. The Market News section features fundamental news relevant to the trading day and is a quality source of potentially market-moving events and source of trading ideas. Expanding this resourceful category is the Market Overview category, where traders can read opinions by one of the TeleTrade analysts. Under Technical Analysis, traders will find trading recommendations in a brief but quality format. A video section exists with a daily market briefing, though the last update is from May 2020.
While TeleTrade shines with its in-house research, the educational section remains well behind that of competitors. The live webinars by one of the six analysts or traders form the core, but no details exist. Sixteen videos cover topics on using MT4/MT5 and serve as a help section rather than intended for educational purposes. Overall, poor execution means new traders do not receive quality content.
Customer Support
Customer support is available 24/5, and TeleTrade lists phone numbers, e-mails, and its physical address. Live chat remains the most convenient way to reach out to the support team, and while a few informative videos do exist, a dedicated FAQ section is missing. TeleTrade describes its products and services well, however, limiting the need for assistance for most traders.
Bonuses and Promotions
The ESMA regulatory framework prohibits EU-based brokers from offering bonuses and promotions. TeleTrade maintains a three-tier VIP program for clients with deposits above $50,000. It includes a rebate program, but competitive brokers offer more for fewer requirements, making them better destinations for active traders. Given the regulation of TeleTrade, it is unable to compete.
Opening an Account
An online application handles new applications, following established industry standards. New traders get access to the back office by submitting their name, mobile phone number, e-mail, and desired password. TeleTrade allows clients to use their Google or Facebook accounts for that purpose. Account verification remains mandatory in compliance with AML/KYC stipulations. Traders usually satisfy this requirement after sending a copy of their ID and one proof of residency document.
Deposits and Withdrawals
TeleTrade offers bank wires, credit/debit cards, Neteller, Skrill, and FasaPay as deposit and withdrawal options. Processing times and fees depend on the payment processor, but TeleTrade does not feature some of the most cost-efficient options. The available choices will suffice for most traders.
Weltrade offers forex and commodity trading on several live accounts, including their ZuluTrade and ECN options. This broker review will tour the platform and provide everything you need, including regulation, Bitcoin spreads, promo codes, and minimum deposits.
Weltrade Details
Weltrade was founded in 2006 and is now based in 15 countries worldwide, with global headquarters in Saint Vincent and the Grenadines. The broker follows an STP model, offering generous leverage on 5 account types, as well as a VPS service, trading signals and bonuses.
Following 14 years in the forex market, the group has secured 170,000 clients and is particularly popular in Asia, specifically Thailand, Malaysia, Indonesia, Laos and Vietnam.
Trading Platforms Review
MetaTrader 4
MT4 is an impressive platform with rich trading features designed for advanced and automated analysis. Price tracking is made easy and accurate, with over 50 technical tools, plus multiple chart types and timeframes. Traders can also place orders from the Market Watch window and research previous market movements in the detailed History Centre.
MT4 can be downloaded onto Windows computers from the broker’s website
MetaTrader 5
Professional or seasoned traders will likely prefer the MT5 terminal, built with even more power than MT4 and featuring advanced tools for in-depth technical analysis. Traders enjoy over 80 pre-loaded indicators and drawing tools, as well as 21 timeframes. In addition, users can access an economic calendar, Depth of Market view and trading robots.
MT5 can be downloaded onto Windows computers from the broker’s website.
MetaTrader WebTrader
The web terminal provides access to MetaTrader 4 and MetaTrader 5 for macOS users, or those who don’t want to download additional software. The web platform offers the same reliability and speed as the desktop versions, with all the advanced features needed for both casual and full-time traders.
Markets
There are 77 instruments on offer at Weltrade, including 37 currency pairs such as EUR/USD, 15 cryptocurrency pairs including Bitcoin, plus precious metals and oils. Whilst the range of assets is fairly good, this review would have liked to see access to stocks and indices.
Spreads & Commissions
Spreads start at around 1.5 pips for EUR/USD with the starter Micro account, which reduces to 0.5 pips in the Pro account. Trading is commission-free at Weltrade unless you choose the ZuluTrade account, which charges 1.5 points per contract.
Traders should also be aware of swap fees, which are charged when you carry over positions into the following day. These are tripled from Wednesday to Thursday.
Leverage
Depending on the Weltrade account you choose, maximum leverage of 1:1000 is possible. A lower limit of 1:500 is offered in the ZuluTrade account, whilst only 1:20 is possible in the Digital account. Traders should understand the risks when trading with high leverage.
Mobile Apps
Both MetaTrader 4 and MetaTrader 5 are available as mobile apps for iPhone (iOS) and Android (APK) users. The apps allow traders to easily transition from desktop to mobile investing, with access to essential trading features and account management tools.
ZuluTrade account holders can also download the ZuluTrade signals app. Users can automatically execute selected signals whilst on the go and without needing to monitor the markets around the clock.
Payment Methods
To finance accounts, Weltrade offers plenty of instant funding options, including bank transfer, card payments, and e-wallets such as Skrill and Neteller. You can also deposit by cryptocurrencies. All methods are fee-free, apart from cryptos and bank transfer, which may incur a network or bank tariff. The minimum deposit is just $25, making the broker a viable option for many beginners.
Withdrawals are processed within 30 minutes, 7 days a week, but clearing times will depend on the bank or payment processor. Withdrawal fees range from 0.5% to 2%, but some methods are free, including Indonesian local banks and Wallet One.
Deposits and withdrawals can be made from within the client cabinet.
Demo Account
Users can open a training account loaded with $100,000 in virtual cash, to make real-time transactions and refine a strategy. Demo accounts at Weltrade don’t expire and there’s no monetary risk involved, so users can have peace of mind when browsing the platforms. The broker also regularly runs demo account contests, such as the Hot 100 and Hot 200, with prizes up for grabs.
Bonuses & Promos
Weltrade has a diverse range of active deals and promotions, including prize draws for cash rewards, on-deposit bonuses, spinner and puzzle games, and even an opportunity to win an iPhone 11 Pro Max. The broker has also offered welcome no deposit bonuses (NDB) and cash rebates in the past.
Always check a promotion’s terms and conditions before participating.
Regulation
Weltrade, a trading name of Systemgates Ltd, is registered in Saint Vincent and the Grenadines, a popular offshore broker location. The company claims to be licensed, however limited information is provided around licensing conditions, which may raise scam concerns.
Note that the Financial Service Authority in SVG will not provide any protection of client funds or compensation if the company becomes insolvent.
Additional Features
There are a few useful additional features at Weltrade, including the ZuluTrade signals service, VPS virtual hosting for copy trade functionality, and a digital safe, which allows you to earn up to 12% per annum. There’s also a useful trading calculator to calculate pip values and margin requirements, plus an economic calendar.
Weltrade is a little light when it comes to educational resources, however. They do offer online seminars and training, but these are only accessible with a subscription.
Weltrade Accounts
Traders can choose from five accounts at Weltrade: Micro, Premium, Pro, ZuluTrade, and Digital. All accounts require a 0.01 lot minimum position size.
Micro (cent account) – $25 minimum deposit, floating spreads from 1.9 pips, designed for training purposes, leverage up to 1:1000
Premium – $200 minimum deposit, floating spreads from 1.9 pips, 3.5% interest rate, leverage up to 1:1000
Pro – $500 minimum deposit, floating ECN spreads from 0.5 pips, 5% interest rate, fastest execution, leverage up to 1:1000
ZuluTrade – $200 minimum deposit, floating spreads from 2.9 pips, 1.5 points commission, leverage up to 1:500, MT4 only
Digital – $50 minimum deposit, cryptocurrency trading only, leverage up to 1:20
Benefits
There are a few features, in particular, that we rated vs the likes of FBS, including:
Range of bonuses and promotions
Commission-free trading
Cryptocurrency account
Good funding options
ZuluTrade signals
Drawbacks
Weltrade could improve in the following areas:
Indices and shares not offered
Limited educational content
Trading Hours
Forex is a 24-hour market, but specific trading sessions will depend on the instrument. Traders can check the MetaTrader platforms for these trading times. Note that there is often a break in trading for certain instruments; these are provided in the trading specifications or by the customer support team.
Customer Support
There are several ways you can get in touch with Weltrade, the fastest being the live chat service. You can also try emailing the broker at info@weltrade.com or calling one of the 15 international phone numbers listed on the website. Customer support is also available from within the client cabinet.
Client Security
Weltrade is a secure broker. MT4 and MT5 are fully encrypted with SSL technology and users can apply email and phone verification at the login stage for added security. Transactions are also carried out within the personal area Cashier.
Weltrade Verdict
Weltrade offers a good range of account types with reasonable minimum deposits on the MetaTrader platforms. The variety of assets and educational content is a bit limited, but the offering of demo contests and other bonuses may be enough to entice new trader
LiteForex Investments Review
LiteForex Investments Limited is an established CFD and forex broker. Clients can trade on the MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms using multiple deposit and withdrawal methods. This broker review will provide insight into the sign-up process, contacting customer support, as well as bonuses and leverage; helping you to make an informed choice.
LiteForex Investments Limited was founded in 2005. It boasts 500,000 clients worldwide and has headquarters in the Marshall Islands. The group also has offices in the Philippines, Kenya, Myanmar, Tanzania, Ghana, Nicaragua, India, Indonesia, Vietnam, Iran, and a recently opened office in Lagos, Nigeria. To cater to its global audience, the owner has ensured the website and platform are available in English and 14 other languages.
Note LiteForex (Europe) Ltd operates as a separate broker offering trading services to clients from Europe.
Trading Platforms
LiteForex Investments Limited offers the MetaTrader 4 (MT4) and MetaTrader 5 (MT5) trading platforms. Developed in 2005 and 2010 respectively, these systems have become the foremost platforms for online forex and CFD trading.
The platforms can be downloaded to Mac or PC devices. Alternatively, the WebTrader interface lets you trade directly from an online browser. The setup and verification process is quick and intuitive so users can start trading within minutes.
Both downloadable platforms are user-friendly while the web terminal offers extensive customisation. They come with multiple chart types including, line, candlestick, and bars. MT5 offers more indicators and advanced analysis tools, including a built-in economic calendar, 21 timeframes, plus a Depth of Market feature. Still, MetaTrader 4 remains the most popular platform and has everything needed to implement successful trading strategies.
Assets & Markets
Trading assets available to all account holders include:
Currency – FX trading is available 24/5 on major, minor, and exotic pairs
Commodities – Trade gold and oil 14/5 with consistent liquidity
Global stock indexes – Trade CFDs on major global indices, including the US30 (Dow Jones)
Cryptocurrency – Popular crypto pairs, including Bitcoin, provide an alternative to traditional markets
Spreads & Commissions
LiteForex Investments Limited takes its fee from the spread. Spreads are specific to the account and asset being traded. The Classic account uses a spread based system and the ECN account, a commission-based system. Commission is charged at $5 per lot.
Spreads are generally competitive, although major currency pair spreads can be around 2 pips, which is relatively high. On major indices such as the FTSE 100, spreads begin at 1 point.
Leverage
Leverage up to 1:500 is available. When signing up, users can select the leverage they desire. Details of the margin call process can be found in the FAQ section of the broker’s website.
Mobile App
Mobile trading is available through the MT4 and MT5 platforms. The apps are available to download free of charge on both Android (APK) and Apple (iOS) devices. Users get signals, news alerts, and a range of price analysis features for different trading strategies. The mobile apps are also easy to navigate and available in eight different languages.
Payment Methods
Traders can deposit directly into their LiteForex Investments Limited account via:
Credit/debit card (Visa & Mastercard)
Bank transfer
WebMoney
CentrePay
Neteller
Skrill
Deposit options include; Alipay, Yandex, and Dengi. The minimum deposit for all accounts is $50 and payments are usually processed the same day. Clients can also fund their accounts with cryptocurrencies, such as Bitcoin.
LiteForex Investments Limited offers an automatic withdrawal feature that enables traders to withdraw funds up to $100 per day within 24 hours and is available on Skrill, Perfect Money, and Neteller. Withdrawal charges are specific to the provider.
Note PayPal is not available.
Demo Account
LiteForex Investments Limited does offer a demo account which is a great way to test the broker and refine your trading strategy without incurring any risk. The sign-up process is straightforward and an account opened in under a minute.
Bonuses & Promotions
LiteForex Investments Limited regularly offers promotions and contests. At the time of writing, it does not offer a welcome bonus or any promo codes. However, there is a promotional offer to get a rebate on deposit fees, so payments are essentially free. Also, LiteForex Investments Limited runs a ‘Dream Draw’ with a prize fund of $350,000 and a Video Blogger contest with a prize pool of $1,000. The broker also runs trading contests with cash prizes up to $4,000.
See the broker’s website for the latest no deposit bonuses and promo codes in 2021.
Regulations
LiteForex Investments Limited is registered in the Marshall Islands (registration number 63888) and regulated in accordance with Marshall Islands Business Corporation Act.
The company’s address is: Ajeltake Road, Ajeltake Island, Majuro, Marshall Islands MH96960.
Additional Features
LiteForex Investments Limited has a cabinet full of tools to facilitate successful trading including; an economic calendar, a world market news blog, and both a margin and Fibonacci calculator all accessible via the homepage. Additional support is supplied in the form of Claws&Horns’ expertise; an analytical agency providing comprehensive analytical tools.
Account Types
LiteForex Investments Limited offers two primary live accounts; the ECN account and a Classic account.
ECN Account
For professional traders and investors, LiteForex Investments Limited recommends the real-trading ECN (Electronic Communications Network) account. The account offers an interest rate of 2.5% on surplus funds, an unlimited duration of transactions and trades are delivered directly to liquidity providers. Only the MT4 platform is available to ECN account holders.
Classic Account
The Classic account is available to experienced traders. No interest is paid on surplus funds and no commissions are charged. Both the MT4 and MT5 trading platforms are available. To sign up for an account, select ‘Registration’ which you will find in the top right-hand corner of each page.
ECN vs Classic accounts? Both have their merits, so ensure that you do your research. As accounts correspond to different servers, it is not possible to change the account type once opened, to do so you will need to delete the account.
A Forex Islamic account is a halal trading account and is available to those traders prohibited from conducting trades involving interest rates, owing to religious beliefs.
Benefits
LiteForex Investments Limited picks up particularly good ratings in the following areas:
Licensed
Copy trade services
Social trading platform
Automated trading – APIs
Good customer reviews in 2021
Breadth of assets & trading tools
Drawbacks
The primary drawback is that some users have reported an inability to withdraw funds. Fortunately, the customer support team seem prompt to respond to reported withdrawal problems. Other downsides include the lack of PAMM accounts.
Trading Hours
Trading platforms are open and usable 24/7, however certain markets only permit trading between specified hours. This is something to consider when trading stocks at the weekend, as it is likely margins will be lower and profitability reduced.
Any changes to standard trade hours are reliably communicated by the LiteForex Investments Limited news blog. Also check for the respective server time where you’re based.
Customer Support
Access to advice can be found via the live chat feature available from the chat logo on the LiteForex Investments Limited website. Once users are passed the login page, the live chat icon will appear in the bottom right-hand corner of the screen. Alternatively, traders can contact customer service representatives by:
Email – clients@liteforex.com
Phone – 88007072963
Customer support can help with most queries, including around internal transfers and admin issues.
LiteForex Investments Limited community forums can also be found on:
The broker’s head office address: Ajeltake Road, Ajeltake Island, Majuro, Marshall Islands, MN96960.
Safety & Security
LiteForex Investments Limited offers a safe and secure platform and the site is protected with firewalls and isolated servers. LiteForex Investments Limited recommends a VPS to manage trades whilst users’ gadgets are switched off. It is not reliant on an internet connection or power supply and offers a degree of security to web traders.
LiteForex Verdict
LiteForex Investments Limited is a legitimate broker with a lot to offer. There are a good range of tradeable forex and CFD assets, plus the MT4 & MT5 platforms. The website is easy to navigate, the support function easily accessible and there are multiple free analysis tools. The LiteForex Investments Limited brand is largely inclusive and despite its international presence, remains tailored.
In response to whether it is a good broker? Yes, would be the answer. In response to how LiteForex Investments Limited compares vs FXTM, XM, OctaFX, HotForex or FBS; traders should research thoroughly but this brand has a strong history and is a credible option.
Accepted Countries
LiteForex Investments accepts traders from Australia, Thailand, Canada, South Africa, Singapore, Hong Kong, India, Norway, United Arab Emirates, Saudi Arabia, Kuwait, Qatar and most other countries.
Traders can not use LiteForex Investments from United States, Japan, Israel, Austria, Belgium, Bulgaria, Croatia, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, Netherlands, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, Sweden, United Kingdom.
Alternatives to LiteForex Investments
If you are looking for alternatives to LiteForex Investments we have compiled a list of the top 5 brokers that are similar to LiteForex Investments below. This list of brokers like LiteForex Investments is in order of similarity and only includes companies that accept traders from your location.
ForexChief is a multi-asset online broker offering 60+ instruments on the MetaTrader 4 and MetaTrader 5 trading platforms. Access STP direct to market execution with no interference. Our ForexChief broker review will cover account types, leverage, sign up and login requirements, regulation, and more.
ForexChief Headlines
ForexChief was established in 2014, operating from headquarters in Singapore. The brokerage is regulated by the Vanuatu Financial Services Commission (VFSC) as a Dealer in Securities and is a member of the Financial Market Association. ForexChief has a further global office presence including within Indonesia and Nigeria.
The broker uses STP/NDD technology with direct-to-market execution from global servers. A primary focus of the company is the technical stability of the trading servers and software to create a secure trading environment for all customers.
Trading Platform
The broker’s website is not incredibly sleek, though it does offer good trading platform options. ForexChief clients can access MetaTrader 4 (MT4) and MetaTrader 5 (MT5) trading terminal options. Both are industry-recognised platforms available for free download to PC and Mac desktop devices or compatible online via all major web browsers.
MetaTrader 4
9 timeframes
Live news streams
Customisable charts
4 pending order types
Analysis of quote dynamics
MQL4 programming language
Access to expert advisors (EAs)
50+ built-in technical indicators
Ability to overlay analytical objects
User-friendly, multilingual interface
Social trading with trading signal service
MetaTrader 5
21 timeframes
One-click trading
Copytradingsupport
Built-in virtual hosting
4 order execution modes
Built-in economic calendar
80+ built-in technical indicators
Set stop loss and take profit levels
Enhanced order management capabilities
Customisable charts, view up to 100 simultaneously
MetaTrader is available in 10+ languages.
Assets
ForexChief offers clients trading opportunities in over 60 assets in the below markets:
Metals: speculate on silver and gold prices
Commodities: Crude oil and natural gas energies
Forex: 40+ major, minor and exotic currency pairs
Indices: trade global indices including FTSE 100, DAX40, Nasdaq and S&P 500
Cryptocurrencies: 4 popular digital currency/USD pairs including Bitcoin, Ethereum and Litecoin
Stocks: trade shares of some of the world’s top companies including Amazon, Apple, Microsoft and eBay
Access to assets varies by account type.
Fees
All account types offer floating spreads, with Direct accounts from 0 pips and Classic+ accounts from 0.3 pips, respectively.
Our review found leverage rates and margin requirements vary between trading instruments and account currencies, with position volume a key metric. These are:
CFD Commodities: position volume of $0-$50,000, 1:50 maximum leverage, 2% floating margin. Position volume of more than $100,000, 1:10 maximum leverage, 10% floating margin
Major Forex Pairs: position volume $0-$500,000, 1:1,000 maximum leverage and 0.1% floating margin. Position volume of more than $10,000,000, 1:25 maximum leverage and 4% floating margin
Minor Forex Pairs: position volume $0-$200,000, 1:1,000 maximum leverage and 0.1% floating margin. Position volume of more than $7,000,000, 1:25 maximum leverage and 4% floating margin
Commissions apply to the majority of account types. A full breakdown can be found in the account types section below.
Leverage
ForexChief leverage varies by account type, with rates up to 1:1,000. The broker is not regulated by a European Union authority so it does not comply with the ESMA leverage capping. Always take time to understand the risks of trading with high leverage as it increases the size of losses as well as profits.
Trading credits are also available with ForexChief. These are termless and interest-free credits to be used as equity for forex trades. Clients may receive trading credit for each deposit made to a live account, for up to 50% of the initial funding.
Mobile Apps
MetaTrader 4 and MetaTrader 5 are both available as mobile applications. The apps are free to download and are compatible with iOS and Android (APK) devices. Access the full trading features of the desktop platform, including analytical tools and customisable charts and graphs, while on the go from a portable device.
Payment Methods
Deposits
ForexChief does not charge a fee for deposit payments, except for some electronic solutions. Third-party bank charges or exchange fees may apply. Minimum deposit requirements are $10 or equivalent currency under all account types. Base currencies vary between accounts but include USD, EUR, CHF, GBP and JPY. Funding methods vary by local jurisdiction and include:
Bank Wire Transfer: 1-2 business day processing
Debit/Credit Cards & China UnionPay: instant processing
Electronic Payments: Skrill, Neteller, WebMoney (0.8% fee) and Perfect Money (1.99% fee)
Cryptocurrency: 8 digital currency coins including BTC and ETH. Processing after 3 confirmations completed
Local Transfer Solutions: includes Malaysia online banking and Mexico local solutions, instant transfer time
Withdrawals
Withdrawals must be made back to the original payment method. Fees and processing times vary between methods.
Cryptocurrency: 1 day processing time, no charge
Bank Wire Transfer: 2 business day processing, no fee
Local Transfer Solutions: 2-7 business day processing, no charges
Credit/Debit Cards: 2-7 day processing time, minimum 2% commission, and $5 fee
Electronic Payments: Skrill (1 day processing, 1% charge), Neteller (1 business day transfer, 1.9% commission and $1 fee), WebMoney (0.8% commission), Perfect Money (0.5% commission)
Personal detail verification is required for credit/debit cards and bank transfer methods.
Demo Account
ForexChief offers a demo account available on the MT4 and MT5 platforms. These accounts are a good way to practise trading, navigate platform features and test strategies risk-free. Specific details including virtual funds and length of availability are not specified. A simple online registration form is required to open a paper trading account.
Deals & Promotions
ForexChief offers various bonus and incentive programmes. At the time of writing, ForexChief offered a new sign-up no deposit bonus of $100. Our 2021 review also found welcome bonus opportunities equal to an initial deposit of up to $500. This amount is available for trading purposes only and may not be withdrawn until after certain conditions have been met. When we viewed the terms and conditions for this particular incentive, we found the trader is required to reach a turnover of $10 million to be eligible to withdraw it. Always review bonus terms and conditions by jurisdiction before opening a live account.
Regulation & Licensing
Forexchief is regulated by the Vanuatu Financial Services Commission (VFSC) as a Dealer in Securities. Traders should be aware that this regulation is not as reputable and robust as the protection offered by bodies like the FCA, it allows for the quick and easy setup of companies with limited client protection.
That being said, the broker does comply with client fund segregation and protection against technical faults. However, it may be more difficult to gain access to compensation through companies not licenced within your local jurisdiction. Levels of compensation are unclear, each case is to be reviewed separately.
Additional Features
It was pleasing to see various analytical tools available on ForexChief’s website. The brokerage hosts a library of trading content, including investment articles with the latest tips, forex trading strategies, guides on how to use technical indicators and a full schedule of trading sessions by stock exchange. The analytics posts include live currency charts, economic calculators and the latest interest rate charges by country. All analytics tools can be accessed without needing to open a trading account.
There is also an FAQs page for self-help queries and direct links to useful pages.
Account Types
ForexChief broker offers various trading account types including; Direct, Classic and Cent. Minimum deposit requirements across all accounts are $10 or equivalent currency. Base currencies vary between accounts but include USD, EUR, CHF, GBP and JPY. Live/real account features include:
MetaTrader 4
All MT4 accounts access market execution orders, hedging and scalping, 30% stop out call, 0.01 lots minimum order size, maximum leverage of 1:1,000 and access to expert advisors (EAs).
MT4 Direct FX and MT4 Classic+
150+ available contracts
Swap-free account available
Floating spreads from 0 pips
Maximum order size of 100 lots
MT4 Classic+ Commissions: CFD indices free, stocks CFDs 0.1%, crypto CFDs 0.25%
Direct FX Commissions: CFD indices $15 per Mio, stocks CFDs 0.1%, crypto CFDs 0.25%
Cent MT4 Direct FX
40+ available contracts
Floating spreads from 0 pips
Maximum order size of 100 lots
Commissions: FX spot and metals CFDs, $15 per Mio
Cent MT4 Classic+
40+ available contracts
Floating spreads from 0.3 pips
Maximum order size of 100 lots
Commissions: FX spot and metals CFD, free
PAMM versions of the DirectFX and Classic+ accounts are also available on ForexChief. These match the conditions of their standard counterparts, except base currencies are limited to USD and EUR and there are no trading credits, turnover rebates, welcome bonuses or swap-free versions.
MetaTrader 5
All accounts access market execution orders, hedging or netting, 30% stop out call, 0.01 lots minimum order size, maximum leverage of 1:400 and maximum order size of 100 lots.
MT5 Direct FX
60+ available contracts
Floating spread from 0 pips
Swap-free account available
Commissions- $15 per 1 mIn
MT5 Classic+
No commissions
60+ available contracts
Swap-free account available
Floating spread from 0.3 pips
Cent MT5 Direct FX
42 available contracts
Commissions: $15 per 1 mIn
Floating spreads from 0 pips
Cent MT5 Classic+
42 available contracts
Commissions: $15 per 1 mIn
Floating spreads from 0.3 pips
It is quick to open a real account. Customers must complete a simple online registration form. You may be required to provide identification verification documents such as proof of residency under the know-your-customer (KYC) compliance. It was good to see that ForexChief offers an Islamic, swap-free trading account.
Benefits
Tight spreads
Demo account
PAMM accounts
MT4 & MT5 access
Several account types
Leverage up to 1:1,000
Segregated client funds
Islamic trading support
Range of base currencies
Range of payment methods
Multilingual customer service
Educational and analytical posts
Drawbacks
Basic website design
Lengthy withdrawal times
Some reviews of scamming
Limited regulatory oversight
Alluring financial incentives with hard to achieve terms
Trading Hours
The brokerage follows standard office hours and 24-hour trading hours Monday-Friday, though these timings may vary by instrument.
Customer Support
ForexChief offers multilingual customer support options available 24/7. These include:
Live chat
Telephone: +65 31593652
Email: info@forexchief.com
Working times vary for the international helpdesk. Telephone customer support is provided in English, Arabic, Spanish, French, Italian, Portuguese, Hindi, Russian and Chinese. There is also a comprehensive FAQ section on the broker’s website.
Safety & Security
Personal area and portal access are password protected. Unusually, bonus payments can be gained before personal identification documents are submitted. Secure login protection is supported for the MT4 and MT5 platforms with high-tech encryptions and industry-standard data privacy. Be cautious of several reviews reporting ForexChief scam concerns.
ForexChief Verdict
ForexChief provides competitive trading opportunities for customers of different abilities and experience levels on the established MT4 and MT5 platforms. The trading conditions and pricing structure is competitive, with tight spreads and low commissions. Moreover, the range of markets accessible is decent, PAMM accounts are supported and high leverage rates are available. However, the conditions for the financial incentives ForexChief offers are very high and the regulation is not particularly reputable
LEOPRIME is a Vanuatu and Seychelles-based online forex broker that was founded in 2017 and has become known for its excellent customer service department, offering tight spreads and superior trading technology.
Finding a reputable LEOPRIME review local or worldwide can be a difficult process, especially finding a complete list from a trustworthy reputable source.
Below is an in-depth review of LEOPRIME to help you make an informed decision before opening your account or trading on their platform.
LEOPRIME is a forex broker company in Seychelles.
A Forex broker like LEOPRIME provides traders with access to one or more platforms that will allow them to buy and sell foreign currencies. Forex brokers are also known as retail or currency trading brokers. Retail currency traders in turn use these broker companies to gain access to the 24-hour currency market for speculation purposes.
Forex broker services can also be provided for institutional clients and large companies such as investment banks.
LEOPRIME is a forex and commodities broker that offers products to both retail and institutional clients.
LEOPRIME offers direct market access for their traders with the standard straight-through processing (STP) and electronic communications network (ECN) model for order processing.
Awards and Recognition
In the world of forex broker companies being honored with awards from esteemed organizations or publications, count much for the company’s reputation. Such awards are usually mentioned with pride on the company website.
LEOPRIME has accumulated the following awards during its years of service to traders:
Best Execution Broker 2019 Award by Forex Awards
The broker also received the following nominations for the 2020 Awards:
Best Execution Broker 2020
Best Forex Broker Asia 2020
Best ECN/ STP Broker 2020
Best Tread Execution 2020
LEOPRIME Accounts
A forex account is a trading account held by a trader with a company like LEOPRIME, that is issued with the primary purpose of trading through its platforms. Usually, the number and type of accounts that a trader can open with a broker company differ according to the country in which the brokerage operates, the country of residence of the trader, and the regulatory authorities under whose jurisdiction it operates.
Accounts usually differ in the way spreads or commissions are applied, what minimum deposit is needed to open that type of account, and certain services or advantages that account holders may get access to.
In the case of Muslim customers, special Islamic accounts, that is swap-free accounts, are offered that mirror the other account types but operate in accordance with Shariah law.
Types of Accounts and their Features
LEOPRIME offers the following account types:
Demo Account
The LEOPRIME demo account is available for free on MetaTrader 4 and is valid for 90 days in which a trader has the opportunity to use an initial available balance of $1 000 for safely practicing his skills without the risk of losing his own money.
Cent Account
The Cent Account can be opened with a minimum deposit of $10 and provides the MT4 Desktop/ MT4 mobile/ PAMM Trading Platforms with spreads from 1.6 Pips. Maximum leverage up to 1:1000 may be used to trade 35 Currency Pairs, Gold, Silver, Crude, and Indices.
The minimum order volume is 0.01, there is no commission and no Swap-free Islamic account option is available
Classic Account
A minimum deposit of $10 is needed to open a classic account for which the MT4 Desktop/ MT4 mobile/ PAMM trading platforms are provided and a leverage ratio of up to 1:1000 can be used.
Spreads start from 1.6 pip, there is no commission and a minimum order volume of 0.01 and no maximum order volume. Trading is possible with 35 Currency Pairs, Gold, Silver, Crude, 4 Cryptos, and Indices.
A Swap-free Islamic account option is available.
Pro Account
A minimum deposit of $1 000 is needed to open a Pro Account. MT4 Desktop/ MT4 mobile/ PAMM is provided as trading platforms and a leverage ratio of up to 1:500 may be applied.
Spreads start from 0.0 pips, commission (per STD Lot) is $3 and the minimum order volume is 0.01. Altogether 35 Currency Pairs, Gold, Silver, Crude, 4 Cryptos, and Indices can be traded, but no Swap-free Islamic account option is available.
ECN Account
A minimum deposit of $1 000 is required to open the ECN Account with access to the MT4 Desktop/ MT4 mobile/ PAMM trading platforms.
Spreads start from 0.1 pip and a leverage ratio of up to 1:200 can be used. Commission (per STD Lot) is $6 and minimum order volume 0.01.
Trading is possible with 35 Currency Pairs, Gold, Silver, Crude, and Indices. A Swap-free Islamic account option is available.
Deposits and Withdrawals
LEOPRIME Cent and Classic Accounts can be opened with a minimum deposit of only $10, while it’s Pro and ECN accounts require minimum deposits of $1 000 each.
LEOPRIME does not charges funding and withdrawal fees and Bank wire, Credit cards (Visa and Mastercard), Neteller, Skrill, Perfect Money, Bitcoin, Fasapay, WebMoney, UnionPay, and Alipay may be used to fund accounts or withdraw money.
Processing of withdrawal requests usually takes no longer than 24 hours, but it could take between 1 to 5 business days to be accessible in your bank account.
Cost and Fees, Commissions and Spreads
Cost of trading depends on different factors like commissions, spread, and margins.
The spread of a currency pair is the difference between the bid and the asking rate. A pip represents the smallest increment that an exchange rate can move. One pip is 0.01 for currency pairs with JPY as the term currency and 0.0001 for all other pairs.
The amount of money required in your account to open a position is called the margin and is calculated according to the current price of the base currency against USD, the size (volume) of the position, and the leverage applied to your account.
Commissions are the charges imposed by an investment broker on a trader for making trades on the trader’s behalf. The level of commissions depends on the asset being traded and the type of service offered by the broker.
LEOPRIME spreads start from 0.0 Pips and no deposit or withdrawal fees are charged.
The ECN account has an added commission of $6 per lot traded, all other accounts do not have any added commission as they use a spread-based system.
Normal accounts have swap fees, which are interest charges are incurred for holding trades overnight.
Leverage
Leveraged product trading magnifies a trader’s potential profit – but of course, also increases the potential loss. This facility that enables traders to get a larger exposure to the market than the amount they deposited to open a trade, is called leverage.
The amount of leverage is expressed as a ratio, for instance, 50:1, 100:1, or 500:1. Assuming that a trader has $1 000 in a trading account and is trading ticket sizes of 100 000 USD/JPY, that leverage will equate to 100:1.
Traders should always keep in mind that, although high leverage offered may be a plus point for the brokerage, but trading at such high leverage should only be attempted by experienced traders that know how to prevent big losses.
LEOPRIME allows its traders to use a maximum leverage ratio of up to 1:1000
Bonuses
Forex brokers often lure new traders with offers of deposit bonuses. This can be useful, but it is essential to discern what the conditions are to really benefit from a bonus.
The bonus usually compensates traders for choosing a certain broker, since once the account is active, the trader will have the same expenses as any other. The bonus usually only starts giving some expenses back to the trader once the person has proved himself as an active trader.
Hence, although no deposit bonuses are a great way to help you start trading, the terms to benefit from it often require trading with such a high volume before you can withdraw profits, that it may not be worthwhile.
The European Securities and Markets Authority (ESMA) has also recently placed investor protection measures on the marketing, distribution, or sale of CFDs which prevent brokers to provide the retail client with a payment, monetary or excluded non-monetary benefit in relation to the marketing, distribution or sale of a CFD, thus ruling out the offering of such bonuses.
According to the company website and other sources, LEOPRIME offers a 25% extra welcome bonus, but only for the Classic account, and little further is known, for example how to convert these funds into real funds if you even can.
LEOPRIME also has a cashback program where traders can get rebates for trades. The amount of bonus you get depends on the number of lots you have traded on the Classic account. The cashback bonus is credited to your trading account balance only for closed positions within 30 minutes after you close them.
Trading Platforms, Software, and its Features
The forex trading software, also called the platform, provided by a broker company to its clients to carry out their trades can be a multi-asset one that allows clients to trade forex as well as other asset classes like CFDs on stocks, stock indices, precious metals, and cryptocurrencies.
Some companies provide their own proprietary platform, which may benefit traders due to specific characteristics developed by specialists employed by the broker, while others prefer to provide the better-known platforms that were tried and tested through time.
If there is a choice, the trader should keep in mind what he would like to trade and find the platform that suits his needs best.
LEOPRIME offers MetaTrader 4 and MetaTrader 5 as platforms.
MetaTrader 4 offers leading trading and analytical technologies, as well as everything else you may need for Forex trading. It has a user-friendly interface, advanced charting capabilities, and communication tools that are highly secure, and supports all currency crosses.
MT5’s advanced charting tools, sophisticated order types, and execution modes offer greater control over trade positions. Its highly customizable charts and powerful technical indicators help to automate trading functions.
MT5 has 21-time frames which include 11 types of minute charts, 7 types of hourly charts, and daily, weekly, and yearly time frames.
Markets, Products, and Instruments
Most brokers offer all or some of the following market instruments for trading:
Forex:
Forex trading, or currency or FX trading, involves the currency exchange market where individuals, companies, and financial institutions exchange currencies for one another at floating rates.
Commodities:
As with currency exchange markets, commodity markets offer trading in contract-based tradable goods.
Indices:
Equity or stock indices can represent a specific set of the largest companies of a nation or they can represent a specific stock market. It is actual stock market indexes that measure the value of a specific section of a stock market.
Precious metals:
This involves the trading of gold, silver, and other precious metals as hard commodities that are contract-based tradable.
Energy:
The high volatility of energy prices due to political, environmental, and several other factors, is a typical feature of this product, making it a popular trading choice.
Cryptocurrencies:
Tradable cryptocurrencies include the following:
Bitcoin (BTC) is the digital currency with the largest market capitalization and price levels and dominates 50% of the total crypto market cap.
Litecoin (LTC) is similar to Bitcoin but differs in terms of scalability.
Ethereum (ETH) is the second-largest cryptocurrency after Bitcoin and allows developers to create smart contracts on a platform.
Ripple (RPL) is popular among big banks with the Ripple network a next-generation real-time gross settlement system.
Bitcoin Cash (BCH) was created as a new version of the blockchain with different rules.
LEOPRIME offers Forex trading with more than 45 and the majority of the world currencies in circulation; trading of Spot energy contracts including Crude oil, Brent & Natural Gas; Spot Metals like Gold (XAU) and Silver (XAG); and Stock Indices CFDs that offer access to a whole range of new markets; Cryptocurrencies Bitcoin, Litecoin, Ethereum, and other Commodities.
Safety and Regulation
Before deciding to join a brokerage company to start trading, a potential trader needs to establish whether a broker like LEOPRIME is safe and secure to trade with.
One of the most reliable benchmarks to measure the safety of a brokerage is to establish which regulating authorities are watching and overseeing its actions and whether the company complies with those regulations.
In general, a so-called “offshore” broker tends to have a less favorable reputation and potential traders should think carefully before investing with them.
Secondly, the safety of client’s funds should be guaranteed and in the case of the company defaulting or going bankrupts, a safety net of some sorts would come in handy to prevent customers from taking more losses.
LEOPRIME, as a brand name of Leo Prime Services Limited, is registered in Seychelles and regulated with Securities Dealers License by the Financial Service Authority (FSA) of Seychelles.
LEOPRIME Service Limited is registered in the Marshall Islands and regulated in accordance with an International Business Companies License under the arm of the Marshall Islands Business Corporation Act.
The broker is however not regulated by a reputable authority.
It does use highly secure technology to protect clients’ personal data and financial transactions.
Customer Support
Potential traders need to be assured that the broker company they chose can offer the necessary support and help whenever they may need it. The ease with which such support teams can be contacted may also play a role when choosing a broker.
The customer support team of LEOPRIME can be reached by phone, email, and a live chat option on the website. It seems that both the website and support may only be available in English and between 07:00 and20:00 (GMT) Monday to Friday.
Education and Training
Before starting to trade, potential LEOPRIME clients should arm themselves with all possible information and trading skills needed to be successful in the world of forex and commodity trading. If LEOPRIME ’s website itself does not provide enough means, a trader should explore other information sources to obtain that skills and knowledge.
LEOPRIME does offer a blog page with lots of discussions and videos on all relevant topics, including a step-by-step guide on how to start trading.
Research
Potential traders need to be enabled to do as much as possible research about speculative trading before commencing to do it and while trading with a specific brokerage.
Trading successfully relies heavily on knowledge and understanding of the markets and the platforms offered by a broker, therefore research options offered by brokers form an integral part of its features when choosing the right company to trade with.
LEOPRIME offers research options like an economic calendar, a forex calculator, technical analysis as well as additional tools like a VPS, which you can get it free as long as you have an account with a balance of over $1 000.
Conclusion
LEOPRIME seems like a competent broker and offers good trading conditions, plenty of assets, and deposit methods that carry no added fees.
It is an offshore broker though, with registration only in Seychelles but not regulated by any proper financial authority.
Disclaimer
LEOPRIME warns potential traders that Forex and CFDs trading always carries a high level of risk, therefore may not be suitable for all investors.
Before clients decide to trade the products offered by LEOPRIME, they are advised to contemplate their investment objectives, financial situation, needs, and level of experience carefully before investing money that they cannot afford to lose.
Especially when traders use LEOPRIME ’s leveraged accounts, they should make sure to maintain a sufficient level of margin to sustain their positions, since trading Forex/CFD and Options on margin and using a higher than necessary leverage can be either beneficial or detrimental to a trader.
It is always possible to sustain a loss of some or all of an initial investment.
While LEOPRIME promises to make all efforts to fill a trade at the requested price, trading online does not necessarily reduce risks associated with currency trading, therefore quotes and trades are usually subject to the terms and conditions of a Client Agreement, which is accessible through the broker’s website.
FXOpen is an ECN forex broker offering a range of CFD instruments using the MetaTrader 4 (MT4) and MetaTrader 5 (MT5) trading platforms. This review will cover account types, fees, minimum deposits, and more. Find out if you should sign up with FXOpen.
FXOpen Details
FXOpen started as an educational centre offering courses within financial markets. Then in 2005, a group of traders turned the company into a global brokerage with offices in the UK, Russia, New Zealand, and Australia. Today, the broker’s thousands of traders can be found everywhere from Canada and Germany to Vietnam and Nigeria.
The FXOpen group operates under FX Markets Limited, a company registered in Charlestown, Nevis. FXOpen UK is authorised and regulated by the Financial Conduct Authority (FCA). FXOpen Australia is regulated by the Australian Securities and Investments Commission (ASIC).
Trading Platforms
MetaTrader 4
FXOpen was the first broker to offer ECN and STP trading via MetaTrader 4 (MT4), an award-winning platform that boasts instant trade execution at competitive prices.
MT4 is ideal for both beginners and experts and offers a range of customisable features, including:
50+ built-in indicators & graphical objects for technical analysis
Three types of orders (market, limit, and stop)
Intuitive charting package
Automated trading (EAs)
Rich historical data
One-click trading
Trading signals
MT4 is available for download on Windows PCs and can be accessed from the Platforms page on the broker’s website.
FXOpen also offers the web-based version of MT4 – a great option for those with Apple Mac PCs, where a direct download is not available. The WebTrader terminal has all the same features of the desktop version and is compatible with all major desktop browsers.
MetaTrader 5
FXOpen also offers the MetaTrader 5 (MT5) platform, offering all the features of MT4 with several additional benefits:
80+ built-in indicators & graphical objects for technical analysis
21 timeframes to track price movements
Multi-currency strategy tester
Netting & hedging allowed
Economic calendar
Note, cryptocurrency trading is not available on MT5.
MT5 is available for download on Windows PCs and can be accessed from the broker’s website.
TickTrader
For non-UK customers, FXOpen also offers TickTrader, a brand new trading platform offering much of the same features as MetaTrader and more. Using one trading account – TickTrader ECN, the platform is suitable for both beginners and experts.
Key features include:
Advanced technical analysis tools (30+ indicators)
Customisable user-friendly interface
One/double click trading mode
Detailed charting system
Trading alert system
Strategy back tester
Level 2 pricing
A web-based version of TickTrader is also available. Supporting all the major browsers and operating systems, the TickTrader web terminal offers easy and quick access to trading without the need for a download and without compromising on any features. Users can access the web terminal from the FXOpen website.
Markets
FXOpen offers four key markets:
Currencies – Trade over 50 major, minor, and exotic currency pairs.
Indices – Trade nine global indices including the FTSE 100 and S&P 500.
Commodities – Trade on energy and metals such as gold, silver, and crude oil.
Cryptocurrencies – Trade over 40 crypto CFDs including Bitcoin, Ethereum, and Ripple.
Spreads & Commissions
For major forex pairs including EUR/USD and GBP/USD, spreads average around 0.2 pips, whilst for EUR/GBP, spreads are around 0.5 pips. Spreads for the FTSE 100 start from 0.8 pips while for gold and silver, spreads start from 0.27 and 1.2 respectively. Crude oil spreads average around 4 points.
With ECN accounts, forex commissions are charged based on the account balance and start from $3.50 for accounts lower than $1,000 and reduce to $1.50 for account balances over $250,000. Discounted rates for high volume traders are available. Similarly, for CFDs indices and commodities, commissions start from $5 for lower account balances and reduce to $3.50 for higher balances. Crude oil and natural gas are charged at either 0.005%, 0.0025%, or 0.0018% per side, depending on the account balance. For cryptocurrency CFD accounts the commission is 0.5% per side.
With STP accounts, the commission is included in the spread.
Other fees to be aware of include swap charges on positions held overnight. FXOpen provides instructions on how to look up a swap fee on their website.
Leverage
Leverage is available from 1:2 for cryptocurrency trading and 1:30 for forex investing. Leverage for indices is set at 1:20 and for commodities, maximum leverage is 1:10, apart from gold which is available at 1:20. Professional clients can access leverage up to 1:500. Speak to the support team to change leverage levels.
Useful margin and pip value calculators are available on the broker’s website.
Mobile Apps
FXOpen offers all of its trading platforms (MT4, MT5, and TickTrader) as mobile apps, compatible with iOS and Android smartphone and tablet devices. The mobile apps provide the same features as the desktop versions as well as added features including push notifications. The apps can be downloaded from the user’s App Store or Play Store.
Payment Methods
Deposit
FXOpen offers several deposit options in USD, EUR, or GBP. Whilst some options are free, there are some fees to be aware of:
Bank wire transfer – Free
Credit/debit cards – Free
Webmoney – 3.5%
Trustly – Free
Neteller – 1%
Skrill – 2%
Minimum deposits range from 10 GBP, USD, or EUR for cards and go up to 300 for wire transfer. For Webmoney, Trustly, Neteller, and Skrill, minimum deposits in the chosen currency are 50.
There is no maximum deposit limit for wire transfer. For cards, the limit is 15,000 (GBP, USD, or EUR) and for e-wallets, maximum deposits are either 10,000 or 20,000.
Note that FXOpen also permits virtual prepaid cards for new clients. Local deposits are also available for Malaysia and Indonesia. Details of these can be found in the help centre.
Withdrawal
Withdrawal methods and fees are as follows:
Bank wire transfer – Free for GBP, 30 USD, or 15 EUR
Credit/debit cards – Free
Webmoney – 3.5%
Neteller – 1%
Skrill – 2%
Withdrawal times for bank wire transfer usually take 1 – 3 business days, whilst cards take 2 – 5 business days. The minimum withdrawal for bank wire transfer is 50 GBP, USD, or EUR, and for all other methods, the minimum is 10. There is no maximum withdrawal limit for bank transfers, but for card withdrawals, the limit is set at 15,000 GBP, USD, or EUR. All other methods are either 10,000 or 20,000.
Demo Account
FXOpen offers a demo account in any of the three account options and with MT4, MT5, and TickTrader platforms. The demo account can be opened from the main page and gives users up to $1,000,000 in virtual funds. The demo server will remain accessible as long as you log in each month. You can then upgrade to a live real-money account when you’re ready.
Bonuses & Promotions
For non-UK customers, FXOpen offers a $10 no deposit bonus (NDB) for the ECN TickTrader account and the STP PAMM accounts. There is also a $1 welcome bonus for Micro accounts and a ForexCup Trading Contest bonus, subject to demo contest terms and conditions. See the broker’s website for the latest promotional codes.
There are currently no bonuses or promotions for traders located in the UK.
Regulation & Reputation
FXOpen UK Ltd is authorised and regulated by the Financial Conduct Authority (FCA) in the United Kingdom. FXOpen Australia is regulated by the Australian Securities and Investments Commission (ASIC). The broker receives a decent trust rating in customer reviews.
FXOpen also offers negative balance protection for its retail customers.
Additional Features
FXOpen offers several additional features, suited to both beginner and expert traders:
Market news
FIX API trading
Customer forum
Economic calendar
VPS (Virtual Private Server) available
Help centre with support options and knowledge base
Myfxbook and Zulutrade social and copy trading (non-UK only)
Account Types
There are three account types available for UK customers: STP, ECN, and Crypto. Tradeable instruments with the STP account are forex, gold, and silver. With the ECN account, you can trade forex, gold, silver, indices, and energy. With the Crypto account, you can trade cryptocurrencies.
The minimum deposit across all three accounts is 300 GBP, USD, or EUR, which is fairly high compared to the likes of XM Trading and IC Markets. There are no commissions with the STP account, however, a commission is charged from $1.50 per lot in the ECN account and 0.5% half-turn in the Crypto account. Leverage goes up to 1:30 in the STP and ECN accounts and remains at 1:2 for the Crypto account. The minimum transaction size across all three is 0.01 lots.
FXOpen also offers PRO versions of the STP, ECN, and Crypto accounts, with higher leverage of 1:500 and lower commission rates. Details of this can be found in the Pro tab at the top of the broker’s website.
Note that the FXOpen UK entity is unable to provide PAMM accounts.
Benefits
If you look at FXOpen vs the likes of FXTM and FXPro, traders benefit from:
MT4, MT5, & TickTrader platforms
Positive customer reviews in 2021
Regulated in the UK & Australia
Decent cryptocurrency offering
True ECN model
Drawbacks
Disadvantages of choosing FXOpen include:
High minimum deposit for UK customers
More suited to experienced traders
Limited educational tools
Limited range of CFDs
Trading Hours
Trading hours for forex, indices, and commodities run from 22:00 on Sunday to 22:00 on Friday (UK time). All crypto instruments are tradable 24 hours a day, 7 days a week.
Check the timezone in your area.
Customer Support
There are several ways traders can contact FXOpen customer support:
Email – support@fxopen.co.uk
Help centre – submit a ticket after registration
Customer support telephone – +44 (0) 203 519 1224 (8am – 6pm GMT)
Trading desk telephone – +44 (0) 203 519 1224 (10pm Sunday – 10pm Friday GMT)
Live chat including WhatsApp & Facebook Messenger – located in the bottom right-hand corner of the website
The support team can help with ewallet and Bitcoin deposits, withdrawal problems, and proof of address queries.
User Security
Both the MT4 and MT5 platforms follow industry-standard security requirements, including 128-bit Secure Sockets Layer (SSL) encryption and two-step verification upon login. All client funds are fully segregated at Barclays Bank Plc or Lloyds Bank Plc in London.
FXOpen Verdict
FXOpen is a good ECN broker providing a competitive trading environment with multiple platforms for active traders. Although education resources are fairly limited, the low spreads and commissions, as well as a strong track record make it an attractive option, particularly for high volume traders.
Accepted Countries
FXOpen accepts traders from Australia, Thailand, Canada, United Kingdom, South Africa, Singapore, Hong Kong, India, France, Germany, Norway, Sweden, Italy, Denmark, United Arab Emirates, Saudi Arabia, Kuwait, Luxembourg, Qatar and most other countries.
Traders can not use FXOpen from Belgium, Japan, United States.
Alternatives to FXOpen
If you are looking for alternatives to FXOpen we have compiled a list of the top 5 brokers that are similar to FXOpen below. This list of brokers like FXOpen is in order of similarity and only includes companies that accept traders from your location.
RoboForex – RoboForex is a multi-asset online broker offering powerful trading aides.
OctaFX – OctaFX offers multi-asset trading on a range of platforms and mobile solutions.
ThinkMarkets – ThinkMarkets is a multi-regulated forex and CFD broker
FP Markets – FP Markets is a multi-asset broker offering a choice of trading platforms.
FBS – FBS is a top online broker offering MT4 & MT5 trading across a range of instruments.
Grand Capital Review
Grand Capital are a global online financial trading platform and multi asset broker founded in 2008
Over 13 years later Grand Capital has grown to offering retail investors Forex trading, Social trading, and Share Dealing trading.
Grand Capital are a global broker. Grand Capital have a head office in Hongkong.
When trading in the financial markets it can be very time consuming to find a broker that meets your needs.
We will dive deep in this Grand Capital review and assess how well the Grand Capital platform functions in its role as an international multiple financial asset trading platform for traders in 2021.
Often you have to visit and read many broker websites all of which have different uses of language. The wording can be very confusing. Choosing an online broker like Grand Capital can be difficult. For a beginner, the first few hurdles can come in the form of what appears to be a complex mobile or online trading platform, hard to understand investment terminology and confusing fee structures. In our review of Grand Capital we breakdown the pros and cons. What Grand Capital are able to offer, what countries Grand Capital are available in. Who Grand Capital are regulated by and more.
Having a reliable and capable broker is crucial to your success in online trading. Make sure that your broker is not fake or unreliable to avoid losing your investment. Ensure that your needs fit the profile of your broker as well, in order for you to have a good working profitable relationship.
This is why we have taken the time to review only the best brokerage firms, their practices, their fee structure and all other important aspects. We want you to evaluate and analyse and trust your hard-earned cash with only the safest and best of brokers. We hope you find this Grand Capital review useful.
This review of the Grand Capital platform is very detailed. If you are interested in trading with Grand Capital in any capacity please take the time to read and research the whole Grand Capital review.
We have tried to explain the ins and outs of financial trading through the Grand Capital platform as plainly as possible so that you the trader are as informed as possible before you start to use the Grand Capital trading tools and depositing and withdrawing funds from Grand Capital.
Investing online can be just as risky as any other kind of offline investment. As with any investment, it is important to know and research the company you are dealing with. When trading financial assets with Grand Capital like Forex trading, Social trading, and Share Dealing trading. you should have confidence in Grand Capital and know that the management of your financial investments on the Grand Capital platform are in good hands.
At the bottom of this Grand Capital review you can also learn about some pretty good alternatives to Grand Capital
With this Grand Capital review we hope to help you see if Grand Capital is a good fit for you.
It is a common myth that online trading is confusing. It is only difficult for people who have not done the research. In this article, you will learn important information regarding Grand Capital that will help you get off to a good start in the world of online trading.
Grand Capital is a Multi-Assets Trading Platform with over 129+ Assets
Learn more about Grand Capital.Grand Capital is a multi asset platform with 129+ tradable Assets. Assets available on Grand Capital include Forex trading, Social trading, Share Dealing.
Grand Capital trades in multiple financial asset types. An asset in financial investment, is any security or asset, tangible or intangible, that has a financial value attached. This means that Forex trading, Social trading, Share Dealing are considered financial assets.
Features of Grand Capital
Virtual Portfolio, or what is commonly known as a Demo Account
Social Trading available
Copy Trading available
Grand Capital offers Advanced Financial Chart comparison tools
Grand Capital offers Research-backed analysis on financial markets and investments from top analysts
The Grand Capital platform is available to use on multiple devices including and online through a Web Browser.
Grand Capital offers an easy to use trading platform with tools for both New Traders and Seasoned Experts
Grand Capital users benefit from using the Grand Capital platform in over 15 different languages
What you should know
Grand Capital offer three ways to trade: Forex trading, Social trading, Share Dealing.
With Grand Capital you will need a minimum deposit of $1. You can sign up for a demo account to acquaint yourself with Grand Capital platform.
Grand Capital are able to accommodate various levels of traders whether you are experienced or a beginner.
Are Grand Capital safe?
When choosing a broker like Grand Capital the administrative body and regulatory status of the broker is very important. Brokers who conduct trades without supervision of a regulatory body do so at their own discretion. Any capital you invest is at risk.
Established in 2008, and in operation for 13 years Grand Capital have a head office in Hongkong.
Grand Capital is regulated. This means Grand Capital are supervised by and is checked for conduct by the Financial Commission (FinaCom) regulatory bodies.
Regulated brokers will not manipulate market prices. When you send in a withdrawal request to Grand Capital, this will be honored. If Grand Capital violate any regulatory rules their regulated status could be stripped.
Your capital is at risk
Is my money safe with Grand Capital?
Any payments funded to Grand Capital accounts by traders are held in a segregated bank account.
For added security Grand Capital use tier-1 banks for this. Tier 1 is the official measure of a banks financial health and strength.
What are Tier 1 banks and why should Grand Capital use them?
A Tier 1 bank is considered the safest and most secure regarding client capital. Tier 1 is actually a term describing the financial strength of a bank. A Tier 1 bank has strong core capital reserves and financial regulators utilize tier one banks because they are able to withstand unexpected financial losses.
What does it mean to have your funds in Grand Capital deposited in a Tier 1 bank?
Having any money you deposit with Grand Capital means that your funds are safe in a bank that has enough capital to accommodate your withdrawal wishes even if Grand Capital goes out of business for some reason.
Therefore, we can safely conclude that Grand Capital is secure and safe.
That said, please note that you can lose funds when trading in financial assets. Accounts can lose money due to either not putting enough effort into researching the markets, lack of experience or not using the tools provided by the brokerage platform.
While trading in financial investments, losing money rapidly due to trading Forex trading, Social trading, Share Dealing is not uncommon. Only take the risk of trading when you understand that your invested capital is at risk any time due to market volatility. Grand Capital also clearly state on their platform that Your capital is at risk.
Now that we have answered some important questions regrding Grand Capital. let us look at the Grand Capital features in more detail.
Try creating two accounts when you are working with Grand Capital. One is the real account, with your real money and the other is your demo account. The demo account is your experimental account.
Open a demo account Visit Grand Capital
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