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XM Broker Review 2023: A Comprehensive Analysis of Trading Fees and Services

XM Broker Review 2023 XM is a global forex and CFD broker regulated by Australia's ASIC, CySEC of Cyprus, and Belizean authority IFSC. XM has low stock CFD and withdrawal fees. Account opening is user-friendly and fast. You can use many educational tools, such as webinars and a demo account. On the other hand, XM has a limited product portfolio as it offers mainly CFDs and forex trading. Its forex and stock index CFD fees are average, and there is no investor protection for clients onboarded outside the EU. XM is a regulated broker, it is overseen by top-tier financial regulators in multiple countries . XM is also covered by investor protection in selected jurisdictions. XM Highlights 🗺️ Country of regulationCyprus, Australia, Belize, United Arab Emirates💰 Trading fees classAverage💰 Inactivity fee chargedYes💰 Withdrawal fee amount$0💰 Minimum deposit$5🕖 Time to open an account1 day💳 Deposit with bank cardAvailable👛 Depositing with electronic walletAvailable💱 Number of base currencies supported10🎮 Demo account providedYes🛍️ Products offeredForex, CFD, Real stocks for clients under Belize (IFSC) Visit Broker74.89% of retail CFD accounts lose money

Fees

XM has low trading fees for CFDs and charges no withdrawal fee. On the other hand, forex and stock index fees are only average, and there is a fee for inactivity. AssetsFee levelFee termsS&P 500 CFDLowThe fees are built into the spread, 0.4 points is the average spread cost during peak trading hours.Europe 50 CFDAverageThe fees are built into the spread, 2.5 points is the average spread cost during peak trading hours.EURUSDAverageWith Standard, Micro, and Ultra-Low accounts the fees are built into the spread. 1.7 pips is the Standard account's average spread cost during peak trading hours. With XM Zero accounts, there is a $3.5 commission per lot per trade and a small spread cost.Inactivity feeLow$15 one-off maintenance fee after one year of inactivity, followed by $5 per month fee if the account remains inactive XM trading fees XM trading fees are average. XM has many account types, which all differ in pricing. The Standard, Micro, and Ultra Low accounts charge higher spreads but there is no commission. The XM Zero account charges lower spreads, but there is a commission. The following calculations were made using the Standard account. We know it's hard to compare trading fees for CFD brokers. So how did we approach the problem of making their fees clear and comparable? We compared brokers by calculating all the fees of a typical trade for selected products. We chose popular instruments within each asset class: - Stock index CFDs: SPX and EUSTX50 - Stock CFDs: Apple and Vodafone - Forex: EURUSD, GBPUSD, AUDUSD, EURCHF and EURGBP A typical trade means buying a leveraged position, holding it for one week and then selling. For volume, we chose a $2,000 position for stock index and stock CFDs, and $20,000 for forex transactions. The leverage we used was: - 20:1 for stock index CFDs - 5:1 for stock CFDs - 30:1 for forex These catch-all benchmark fees include spreads, commissions and financing costs for all brokers. Let's see the verdict for XM fees. CFD fees XM has low stock CFD, while average stock index CFD fees. XMFxProAdmirals (Admiral Markets)S&P 500 index CFD fee$2.5$1.1$1.4Europe 50 index CFD fee$3.1$1.2$1.4Apple CFD fee$6.7$9.4$5.3Vodafone CFD fee$2.3$14.7$14.2 Visit Broker74.89% of retail CFD accounts lose money

Account opening

XM accepts customers from all over the world. There are a few exceptions though; among others, you can't open an account from the USA, Canada, China, Japan, New Zealand or Israel. What is the minimum deposit at XM? The required XM minimum deposit is $5 for two XM Account types (Micro, Standard), which is very low, and $100 for the XM Zero account. Account types XM offers many account types, which differ in pricing, base currencies, minimum deposit and contract size.  MicroStandardXM ZeroShares AccountClient countryEEA Australia Other countriesEEA Australia Other countriesEAANon-EEA and non-Australian clientsPricingNo commission, but higher spreadNo commission, but higher spreadThere is a commission, but the spread is very lowMarket spread and commissionBase currenciesUSD, EUR, GBP, JPY, CHF,‎ AUD, HUF, PLN, SGD, ZARUSD, EUR, GBP, JPY, CHF,‎ AUD, HUF, PLN, SGD, ZARUSD, EUR, JPYUSDMinimum deposit$5$5$100$10,000Contract size1 Lot = 1,0001 Lot = 100,0001 Lot = 100,0001 share Islamic or swap-free accounts are also available. With Islamic accounts, a flat commission is charged if you hold your leveraged position overnight instead of the percentage-based financing rates. XM doesn't offer corporate accounts. If you sign up for a non-European entity, you will not be eligible for European client protection measures. How to open your account XM account opening is fully digital, fast and straightforward. You can fill out the online application form in 20 minutes. Our account was verified on the same day. You can select many languages other than English: ArabicBengaliChineseCzechDutchFilipinoFrenchGermanGreekHungarianIndonesianItalianKoreanMalayPolishPortugueseRussianSpanishSwedishThaiVietnamese     To open an account at XM, you have to go through these steps: - Fill in your name, country of residence, email address and telephone number. - Select the trading platform (MT4 or MT5) and account type. - Add your personal information, such as your date of birth and address. - Select the base currency and the size of the leverage. - Provide your financial information and answer questions about your financial knowledge. - Verify your identity and residency. You can upload a copy of your national ID, passport or driver's license to verify your identity, while utility bills and bank statements are accepted as proof of residency. Visit Broker74.89% of retail CFD accounts lose money

Deposit and withdrawal

Account base currencies At XM, you can choose from 9 base currencies. The available base currencies are: EURUSDGBPCHFJPYAUDSGDPLNHUFZAR    XMFxProAdmirals (Admiral Markets)Number of base currencies10811 Why does this matter? For two reasons. If you fund your trading account in the same currency as your bank account or you trade assets in the same currency as your trading account base currency, you don't have to pay a conversion fee. Deposit fees and options XM charges no deposit fees. You can use bank transfers and credit/debit cards for depositing funds. Clients onboarded under IFSC can also deposit using the SticPay electronic wallet.  XMFxProAdmirals (Admiral Markets)Bank transferYesYesYesCredit/debit cardYesYesYesElectronic walletsYesYesYes A bank transfer can take several business days, while payment with a credit/debit card is instant. You can only deposit money from accounts that are in your name.

XM review - Deposit and withdrawal - Deposit XM withdrawal fees and options XM charges no withdrawal fees. The only exception is bank (wire) transfers below $200, which incur a $15 fee.  XMFxProAdmirals (Admiral Markets)Bank transferYesYesYesCredit/debit cardYesYesYesElectronic walletsYesYesYesWithdrawal fee$0$0$0 For credit/debit cards and electronic wallets (Skrill, Neteller), the withdrawal amount cannot exceed the amount you deposited using the same instrument. This means that you can only withdraw your trading profits via bank transfer. How long does it take to withdraw money from XM? We tested debit card withdrawal and it took 2 business days. You can only withdraw money to accounts that are in your name. How do you withdraw money from XM? - Log in to your account - Go to 'Withdraw Funds' - Select the withdrawal method - Enter the withdrawal amount Visit Broker74.89% of retail CFD accounts lose money

Web trading platform

Trading platformScoreAvailableWeb2.8starsYesMobile3.8starsYesDesktop3.4starsYes XM does not have its own trading platform; instead, it uses third-party platforms: MetaTrader 4 and MetaTrader 5. These platforms are very similar to each other in functionality and design. One major difference is that you can't trade stock CFDs on MetaTrader 4, only on MetaTrader 5. We tested the MetaTrader 4 platform as it is more widely used. MetaTrader 4 is available in an exceptionally large number of languages. XM web trading platform languagesArabicBulgarianChineseCroatianCzechDanishDutchEnglishEstonianFinnishFrenchGermanGreekHebrewHindiHungarianIndonesianItalianJapaneseKoreanLatvianLithuanianMalayMongolianPersianPolishPortugueseRomanianRussianSerbianSlovakSlovenianSpanishSwedishTajikThaiTraditional ChineseTurkishUkrainianUzbekVietnamese  Look and feel The XM web trading platform has great customizability. It is easy to change the size and the position of the tabs. However, the platform feels outdated and some features are hard to find. For example, it took us a while to figure out how to add an asset to the watchlist.

Visit Broker74.89% of retail CFD accounts lose money XM review - Web trading platform Login and security XM requires two-step authentication for the account login on the website where you can deposit and withdraw. The trading platform itself, however, doesn't have two-step authentication. Search functions The search functions are OK. You can find assets grouped into various categories. However, we missed the usual search function where you can type in the name of an asset manually.

XM review - Web trading platform - Search Placing orders You can use all the basic order types. However, you won't find more sophisticated order types such as 'one-cancels-the-other'. The following order types are available: - Market - Limit - Stop - Trailing Stop Trailing Stop is available only in the MT4 desktop platform To get a better understanding of these terms, read this overview of order types. There are also order time limits you can use: - Good 'til canceled (GTC) - Good 'til time (GTT)

XM review - Web trading platform - Order panel Alerts and notifications You cannot set alerts and notifications on the XM web trading platform. This feature is available only on the desktop trading platform. Portfolio and fee reports XM has clear portfolio and fee reports. You can easily see your profit-loss balance and the commissions you paid. These reports can be found under the 'History' tab. We couldn't find a way to download them.

Mobile trading platform

XM offers MetaTrader 4 and MetaTrader 5 mobile trading platforms. Similarly to the web trading platform, we tested the MetaTrader 4 platform on Android. Once you have downloaded the MT4 mobile trading platform, you should access the relevant XM server. Just like on the web trading platform, you can choose from many languages on the mobile trading platform as well. Changing the language is a bit tricky on Android devices, as you can do it only if you switch the default language of your mobile. XM mobile trading platform languagesArabicChinese (Simplified)Chinese (Traditional)CzechEnglishFrenchGermanGreekHindiIndonesianItalianJapaneseKoreanPolishPortuguesePortuguese (Brazil)RussianSpanishThaiTurkishUkrainianVietnamese    Look and feel XM has a great mobile trading platform, we really liked its design and user-friendliness. It is easy to find all the features it provides.

XM review - Mobile trading platform Login and security XM requires only one-step login for the platform, but provides two-step account login to access deposit and withdrawal functions. A two-step login procedure for the trading platform would be safer. You can't use fingerprint or Face ID authentication. Offering this feature would be more convenient. Search functions The search functions are good. You can search by typing the name of the product or by navigating the category folders.

XM review - Mobile trading platform - Search Placing orders You can use the same order types and order time limits as on the web trading platform. 

XM review - Mobile trading platform - Order panel Alerts and notifications You can set alerts and notifications for your mobile, although only through the desktop trading platform. It would be much easier if you could set these notifications on the mobile trading platform as well. Visit Broker74.89% of retail CFD accounts lose money

Desktop trading platform

For desktop trading too, you can use the MetaTrader 4 and 5 platforms; we tested MetaTrader 4. It has the same design, is available in the same languages, offers the same order types, has the same search functions, and offers the same portfolio and fee reports as the web trading platform. The desktop trading platform doesn't have two-step authentication; however, XM provides a two-step account login procedure on the website where you can deposit and withdraw funds. The major difference is that you can set alerts and notifications on the desktop trading platform in the form of mobile push and email notifications. To set these, you have to add your email address and mobile MetaQuotes ID (you can find it in the MT4 app's settings). You can add them if you go to 'Tools' and then 'Options'.

Markets and products

XM is a CFD and forex broker with a great number of currency pairs available for trading. However, the CFD selection is lower compared to some XM alternatives. Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74.89% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.  XMFxProAdmirals (Admiral Markets)Currency pairs (#)557047Stock index CFDs (#)242943Stock CFDs (#)1,2611,7003,252ETF CFDs (#)--372Commodity CFDs (#)152528Bond CFDs (#)--2Cryptos (#)*-3042 Cryptos are available for customers onboarded under XM Global Limited entity. You can't change the leverage levels of the products, which is a drawback. Changing the leverage manually is a very useful feature when you want to lower the risk of your trade. Be careful with forex and CFD trading, as the preset leverage levels may be high. Real stocks and ETFs XM provides real stocks for clients onboarded under XM's IFSC-regulated entity. You can trade stocks only using the Shares Account. It is a big addition compared to its competitors.  XMFxProAdmirals (Admiral Markets)Stock markets (#)3-11ETFs (#)--192 Visit Broker74.89% of retail CFD accounts lose money

Research

Trading ideas XM provides trading ideas under the 'Trade Ideas' tab, where you can find various assets and their recent performances. Read the full article

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What is Prime Advantage App?

 Prime Advantage App  just works together with genuine intermediaries.  control most agents that are in organization with this robot. These three are the world's most trustworthy controllers. You needn't bother with any exchanging experience to use Prime Advantage App . All you need to begin with this bot is to set up an exchanging record and snap live exchanging. The robot accomplishes basically everything for you. We can affirm that Prime Advantage App  has every one of the important measures set up to protect clients' information.

Making a record with Prime Advantage App Review   takes under ten minutes. When you put aside an installment, you can go to the demo record or begin exchanging right away. This bot is completely robotized. You need under twenty minutes of the day to screen your record. Make An Account Visit the Prime Advantage App  landing page and fill your names and email in the structure gave on the correct side corner. Snap close to be diverted to the secret phrase creation page. You need to make a solid secret word containing letters, numbers, and images to proceed. A solid secret key is among the fundamental network safety estimates that you should take to secure your record. After secret key creation, you will be approached to give your telephone number. If it's not too much trouble, note that you will be approached to check your email and telephone number to continue.The following stage includes getting coordinated with an intermediary. As referenced earlier, Prime Advantage App  accomplice representatives are for the most part very much controlled. The lion's share fall under the administrative command of the FCA, ASIC, and CySEC. Prime Advantage App  is just accessible in nations where it has a directed dealer.

Most Robot merchant's jobs incorporate taking care of stores and working with exchanges. Therefore, it is consistently vital for lead enough due industriousness about the basic agent prior to choosing a robot. Genuine robots just collaborate with genuine robot dealers. Attempt Demo Trading With Prime Advantage App   The Prime Advantage App  demo account has every one of the functionalities of the live record. Also, the demo robot-broker uses recorded information to give dealers a thought of the benefit level they ought to expect with a genuine record.

You need to store $250 to get to the Prime Advantage App  live broker. The sum is your capital and not the expense of the robot. Prime Advantage App  doesn't need any permit charge. Nonetheless, they do charge a little commission on the benefits made through the application. This implies that they possibly bring in cash when you are productive. Prime Advantage App  merchants acknowledge stores through Wire Transfer, Visa, Master Card, American Express, Maestro, Discover Network, Webmoney, Skrill, Neteller, and Bitcoin. All stores take not exactly a moment to consider a dealer's record. Snap the Live Trading Button What you need to do to begin exchanging with Prime Advantage App  System is to tap the live exchanging button. We have reports of numerous clients making a benefit of $25 in the initial five seconds of exchanging. As referenced earlier, Prime Advantage App  claims it can make up to $1k each day from a store of $250.

On the off chance that you need to make the most out of Prime Advantage App , let the robot run for at any rate 8 hours of the day. Likewise, guarantee that you switch it off toward the finish of each exchanging day. *Remember all exchanging dangers and you shouldn't hazard all the more then you can stand to lose. Would it be a good idea for me to exchange with Prime Advantage App  Software? Prime Advantage App  is adored by a great many financial backers who think that its beneficial and usability. Here is the reason they exchange with this bot: Purportedly Consistent productivity –  Prime Advantage App  allegedly has a success pace of 92%, which implies that it professes to bring in cash in many exchanges. Notwithstanding, there is a danger of exchanging with this bot. Accordingly, we suggest that you just exchange with what you can bear to lose.

Consistent Withdrawals – This robot permits you to pull out your benefits at whatever point you need. Fill the withdrawal structure on the exchanging dashboard, and your assets will be prepared inside 24 hours. High Transparency –  Prime Advantage App  uncovers all the essential data in advance to help merchants settle on educated choices. For example, dissimilar to most robots, Prime Advantage App  uncovers its accomplice representatives before store. Astounding Customer Service –  Prime Advantage App  gives all day, every day client support. We suggest that you utilize a telephone or live visit to get a fast reaction. Requests through an email require as long as 24 hours to find a solution. Secure Platforms –  Prime Advantage App  has every one of the fundamental measures set up to guarantee that your information is protected. We can affirm that they are GDPR consistent and have a digital occurrence reaction group to address any dangers. Open record now *Remember that all venture openings convey a specific danger. This particularly applies to cryptographic forms of money, which are still generally youthful in the monetary business sectors.

Prime Advantage App  is a genuine robot, and it doesn't make any difference whether it has the support of traditional press. Interestingly, individuals who have attempted it are content with it. Cryptovibes gives thorough and unprejudiced surveys to help you settle on educated choices. Do Any Celebrities Endorse Prime Advantage App  System We additionally discovered bits of hearsay that famous people have endorsed Prime Advantage App . These tales are not unforeseen, given the expansive media inclusion of this robot. Here are a few superstars that are said to recommend Prime Advantage App . Did Elon Musk Endorse Prime Advantage App ? Elon Musk, the author of Space X and a blunt admirer of AI and Blockchain, is one of the superstars said to underwrite this exchanging bot. Nonetheless, we didn't discover any proof of Elon Musk Prime Advantage App 's Endorsement. Prime Advantage App  has all the earmarks of being a genuine robot that is notable in the circles of merchants and the actual authors announced that they needn't bother with superstar supports. The relationship between Elon Musk and Prime Advantage App  is a rebel stunt by offshoots to rank on web indexes. Did Peter Jones endorse Prime Advantage App  ?  Prime Advantage App  

We know about various sites which utilize bogus big name supports to send clients to unregulated specialists or call focuses. Our site will just send clients to accomplices who have furnished us with the necessary administrative affirmations. This is a promoting offer and our controlled accomplices will show what administrations they have accessible upon enrollment.

The cryptographic money market is a $348 billion market, with a normal $103 billion volume in 24 hours. The development of the market has seen crypto exchanging detonate. Every day there are a great many people attempting to enter the market and make something for themselves. Because of the great unpredictability, crypto exchanging can be very worthwhile. Yet, you should have the option to examine immense measures of information and time the market right. Physically, this cycle is overwhelming and debilitating, however on account of mechanized exchanging bots, you can benefit as much as possible from this chance.

What Is  Prime Advantage App ?

Prime Advantage App  is apparently a product that utilizations shrewd calculations, computerized reasoning, and AI to robotize the cryptographic money exchanging measure. Doing this takes the difficult work off the interaction of physically examining diagrams and specialized information to put winning exchanges. The crypto market moves quick, and it's practically difficult to beat. The site guarantees that this exchanging robot can examine, compute, and settle on choices in a small portion of a second, consequently giving its clients an edge.

Who's Behind  Prime Advantage App ?

Individuals behind this bot have decided to stay mysterious, very much like Satoshi Nakamoto and other blockchain project pioneers who esteem their protection. Such people don't look for affirmation for individual delight yet expect to have an effect on the planet by offering items that have an effect in individuals' lives. In light of how modern this exchanging bot is accounted for to be by client tributes, the group behind this stage would need to be individuals who are knowledgeable in creating muddled exchanging programming and know about how the exchanging markets work.

On the authority site for  Prime Advantage App , look to the center segment and snap on "Join Now." This will open a structure where you need to enter your name, email address, telephone number, and afterward click on "Register Now." You will be connected to a specialist that assists you with getting to different exchanging markets where you should tap on "Open Terminal."

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do algopay offer micro (0.01) lots?

do algopay offer micro (0.01) lots? Read More http://fxasker.com/question/ca820be3d76d364e/ FXAsker

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Top 5 Trading Platform 2021 - Stockhastix Overview

Since the old times, when the concept of trading emerged and people started trading different things and resources, they required a common place they can gather, compare prices and trade. Since forex trading started, people also needed a market place where they can trade their forex. A forex trading platform is a software interface that is provided by the currency brokers to their customers to make it easy for them to trade, the platform may be an online website, a computer program or a mobile app. Since technology took off most forex trading is done with these online trading platforms. It is important for every person that enters the forex trading world to have a platform that is provided to him/her by a trusted broker so that he can trade with ease. If you are thinking of starting your career as a forex trader you might need to select a trading platform for yourself, worry not because we will make the selection easier for you by discussing five different trading platform so that you can decide which one to go with as per your needs.

 Why is it important to trade with regulated brokers?

Having a trust worthy and regulated broker is very important for any trader that steps into the forex trading world. Trading forex with a platform that is not trusted can be the biggest mistake one can make, because any platform that is not trusted can steal your money and pull out a bunch of different scams on you. A regulated broker is registered with the government and other such financial institutes that will make sure that no scam will be done by the brokers. Accounts of registered brokers are regulated regularly to make sure they have enough funds and these regular checks make sure that no funds are laundered by the broker. A regulated trading platform will provide you with every necessary information that is required for trading and will make trading easier for you, it will also provide excellent customer service and even sometimes educate you about trading. Before you choose any broker, it is very important for you to research thoroughly about that broker and also check their license status and other necessary documents before committing funds in their accounts.

 1- Plus 500

Plus, 500UK ltd. Is a company based in the United Kingdom with its offices located in London, this company is authorized and regulated by the FCA? The company has widely grown over the years and now has more than a million clients. Plus 500 believes in transparency and professionalism and thus provides the user with a simple, easy to use and a well-designed trading platform. The account opening process on plus 500 is very easy and their customer support is great. The platform also provides the trader with all up to date information about the forex market. Plus 500 also has a demo account option that will make it easier for you to learn before actually investing money. If you are a beginner, then Plus 500 can be a place to start.

 2- Axiory

Axiory believes that they are a broker that traders can lean on which means that trust is one of their main qualities. Their mission is to create a path of success for their traders and build a trading space that adds value to every trader and provide them with a network that builds long lasting relationships. Building an account of the Axiory platform is very easy and can be made in ten minutes, the company claims to keeps spreads tight and their commissions low and also provides excellent funds security and keep a check and balance of your accounts alongside these things Axiory also provides with an excellent customer service. The platform provides with the latest market news, Axiory also has a trading academy where you can learn trading from trained professionals before you enter the forex trading world.

 3- fp Markets

fp markets was founded in 2005 in Australia and is regulated by the ASIC. Over the years, they have grown to become one of the best trading platforms. The company vision was to create a superior forex trading platform where traders could access a full suite of products. The key reason that traders choose fp markets is because you can trade Forex, shares, indices, commodities and crypto currency all from the same account. Fp markets claims to provide the tightest spreads in the industry. The platform has an award-winning speed and has no price manipulation. The platform is most suitable for active traders and traders with high balance accounts.

 4- Admiral Markets

Admiral markets was founded in 2001 and is licensed by the EFSA, cySEC, AFSL and MiFID. Admiral markets claims that their priority is to help their traders make better decisions, which is the reason they conduct educational webinars and seminars and they also publish books in different languages. The company provides support via phone and live chat, the company makes sure to provide the best security and minimum latency. Admiral markets is considered average risk with a trust score of 83, the company provides with additional tools that helps the trader to make better decisions by analyzing the markets better.

  5- Hot forex

Hot forex was founded in 2010 and since then it has grown to be one of the biggest in the game. The platform supports around 27 languages. The company has a policy of providing the best the conditions for their traders and thus provides tight spreads, flexible leverage and excellent transparency. The company provides the traders with multiple account types and also gives their traders the option to choose from a variety of platform like MT4, MT5 and Rapid Trader API. The company provides remarkable security and transactions are only done through major banks and are audited by deloitte. Hot forex also provides their traders with a bunch of additional tools that helps them better analyze the markets and thus make better trade decisions.

[coreymiler]

Admiral Markets Denies Media Reports on Poland Exit

Admiral said it actually switches the affiliation of its Polish branch from the Estonian arm to its CySEC-regulated subsidiary Admiral Markets Denies Media Reports on Poland Exit syndicated from https://forexlasersforum.blogspot.com

[maskmanhk]

  eToro review

eToro was founded in 2007. Today it boasts as the world’s largest social investment network with over 2.75 million users across the world.

eToro aims to provide users with a simple, transparent and enjoyable way to trade in the global markets. It promises to be able to provide anyone; regardless of his or her investment style, with the right tools to further improve their trading. Among eToro’s goals is to gain your trust through transparency in their conduct.

Over time, eToro has become a major participant in developing the social trading environment.

We decided to check out how well it is doing to meet its objectives and how usable it is to an average investor.

Regulation

Initially when we began to investigate the company’s cooperate structure, we were amazed at the complexity of its cooperate network. It is not immediately apparent how the company is organized and in its website, it does not make it apparent. We realized that demonstrating the actual organization of eToro would be challenging to get across, so here we will list the names and details of different organizations associated with the eToro group.

eToro (Europe) Ltd: This is a company incorporated under the laws of the Republic of Cyprus and is regulated in Cyprus by the Cypriote Securities and Exchange Committee (CYSEC). It has its address in Limassol, Cyprus. This is the companies you enter into a contract with, once you fund your account. Formally, it was known as RetailFx Ltd.

eToro Group Limited: This is an unregulated company resident in the British Virgin Islands. It is also an approved principle of eTORO USA LLC. If your account is not funded and your contract is with this company; you would not enjoy any protection enjoyed by consumers under CYSEC regulations.

eTORO USA LLC: This is a Limited Liability Company registered in the US and a National Features Association (NFA) member. At the time of this review dated May 2014, ETORO USA LLC is registered only as an introducing broker (IB). Its business address is in Tel Aviv Israel and according to NFA records, it was formally known as TRADONOMI LLC. Earlier this year, its status as a “forex firm pending” was withdrawn. Consequently as we had noted, it is registered as an introducing broker (IB) only in the US.

eToro (UK) Ltd: This is a company with its principle address in London (UK), that is authorized to carry operations within the UK.

In our very intensive search on the major regulators databases, we could not find any disciplinary financial or regulatory cases involving any of these companies. So eToro gets a clean bill of health from us.

eToro acts as a broker itself, therefore there is no need to sign up with any other brokers. It also does not provide signals for use with other brokers. We were happy to see that eToro provides its traders with a comprehensive list of investment instruments to choose from; including currencies, commodities, indices, stocks and even Bitcoin. All transaction executed in eToro are in the form of Contract for difference (CFDs).

Demo accounts On eToro

It is important to test out the services offered by a company before depositing your money with them. As many other service providers, eToro also provides prospective customers with a free, fully functional demo account.

From the demo account, you can gauge how much your performance would be under different settings. It also allows you to be acquainted with the eToro’s trading platform and user interface.

Opening a demo account is a straightforward process. You can opt to open your account using Facebook to provide your personal details. You will need to provide your phone number to verify your account.

Live accounts

At any point, you can open a live account with eToro by simply funding your Demo account or choosing to register for a new one. Apart from the information required for opening a demo account, you will need to provide details of your payment methods. You will be happy to note that there are many funding options available to investors including Credit Card, PayPal, Neteller/1-Pay, Skrill (MoneyBookers), WebMoney, GiroPay (available in Germany only) and Wire Transfer.

One of the primary consideration for choosing a funding option, (apart from its availability), is the deposit limitation on each method.

Apart from a wire transfer, which has a minimum deposit of $500, every other option can be funded with at least $50.  There is no upper limit on the funding amount that is allowed through wire transfer. On the other hand, the maximum amount allowed for Credit Cards and Skrill funding is $5,000, while for all other methods it is $50,000.

The next question to consider is how do you withdraw money from eToro?

eToro has several methods available for withdrawing funds. These are PayPal, Skrill, Credit Cards as well as Bank Transfers that take between 4-7 days to process. We noted that for the Credit Card funding option, you will only be able to use a card that has been used in the system, when you deposited money under your name initially. On top of this, you will only be able to withdraw up to the amount you deposited. This essentially means that if you make a profit you will need to use other means to withdraw your profits.

eToro makes it very clear that it does not process withdrawals through MoneyGram or Western Union. The minimum amount that can be processed for any withdrawal is $20. There are certain fees that you will be charged, for each withdrawal ranging from $5-$25. It is important to note that there are severe restrictions imposed on withdrawing money or credits earned through its promotion. Basically, eToro classifies these credits from its promotions as “Non-Withdrawable Amounts” (NWA) and the only way to convert NWA to “Withdrawable amounts” (WA) is by earning portions of the amounts by incurring cost of spreads. A small percentage of this spreads (about 20%) is used to reduce your NWA.

eToro also has an android and iPhone/iPad app called “eToro Mobile Trader” readily available. From the app, you can follow the progress of your account and trade ‘on the go’. Using this app, you are able to view charts, access price quotes and trade with the available instruments. You can also fully manage your portfolio from the apps. You will also find an “eToro OpenBook social trading app” available for android and iPhone/iPad. This app caters to the social trading aspects of the network on the mobile platform which allows you to follow and copy from your favorite investors. You can also get news about your favorite markets from your mobile device.

Professional Investors on Etoro

eToro has a large number of signal providers that were formally called ‘gurus’, but that name was dropped and they are now called ‘Professional Investors’. It does not vet its professional investors and basically anyone with an account can become a professional trader. For a trader to be called a professional trader, eToro requires that their real names be used and a verified photo be displayed in their profile.

There is an admirable sense of openness in eToro. Meaning that followers can follow other followers and copy their accounts configuration. This makes it easy to develop a functioning portfolio rapidly based on the social intelligence of the network and the people you follow. Of course, this is not advisable but you can basically have a nice portfolio without actually viewing the professional traders you actually are following.

The quality of the signal providers vary wildly. There are some with consistent profits and small maximum draw down and as with any other network; some of the providers have quite scary results.  It is therefore important to carefully choose your signal providers wisely.  eToro has several helpful features in OpenBook that helps you find your ‘perfect’ trader.  We choose to start with ‘people rankings’ list to test how easy it was to use. From this list, you can find traders based on the number of followers they have. You can filter your results using many criterias so that you end up with a manageable number of traders to scrutinize.

  eToro has an intuitive Discover people feature and even though it seems to still be in beta; we could not find any serious faults with it. Searching and finding traders is definitely much easier using this tool and it is very easy to get used to it. The interface is very intelligently designed in such a way; that doesn’t require you to keep going back and forth. You will usually get what you want by simply doing what feels right the first time. You would have to check it out for yourself to fully understand what we mean.

Another lovely feature of the discover tool is that it is easy to customize the data that is shown. From the top row of each column of data, you can choose which data is relevant to you and simply change it. We like the fact that the designers do not presume to know the data set that is important to us and allows us the freedom to choose. Perhaps the only feature that most people will find unsatisfactory is the number of columns that are displayed. At the time of our review; there were only four columns of data available. An increase from that number would be great.

eToro aims to provide a simple to use platform for everyone. So the information displayed about each professional trader is kept simple–to-understand and useful. eToro does not bury you with endless statistics, it simply gives you the bottom line. This arrangement did not satisfy some of our meticulous, detail-oriented members of our review team, but we agree that the information available is enough for an average prudent follower to make a wise decision. The information about returns on investment (ROI) is presented as a percentage within a given time period. This makes it easy to compare the performances of different traders with each other. You will be disappointed as we were, to note that you can neither access the full trading history of a trader nor download it.

  Following signal providers

To follow a trader, you simply need to click on the ‘follow’ button on their profile. A popup will ask you to indicate the amount of money you want to allocate to the trader. If the trader is using a virtual account, you will also find out from this pop up.  If you wish, you can choose to open all the current open trades that of the trader; though we do not recommend doing this.

Trades in the traders account will be copied proportionally to your account depending on the risk management feature you have put in place. You can only assign a maximum of 20% of your equity to a single trader and you can copy up to a maximum of 20 traders at a time.

Your level of risk per trader primarily depends on how much of your capital you have allocated to each trader and the risk profile of that individual trader. If a trader takes small percentage risks on his account, the equity you have allocated to them will also be exposed to the same risk.

So assuming you are following just two professional traders and allocated to trader A 15% of your equity and to trader B the maximum 20% of your equity. Then trader A takes several trades that expose his account to 30% risk and trader B takes trades exposing his account to 10% risk. If at the time, your account has no other trades open, your total risk exposure will be:

[ (15/100) x (20/100) ] + [ (20/100) x (10/100)]

=0.065 or 6.5% risk exposure

We love the straightforward nature of equity allocation and risk management on eToro. The risk management features within eToro are easy to understand and manage. We especially love the fact that you allocate equity to each trader in terms of actual units, which makes it even easier to understand exactly how much you are putting under his or her control and how much you are risking.

Costs

The costs that you will incur when trading with eToro are mainly in terms of spreads. When we checked the spreads for currencies, it was up to 9pips for the EUR/CAD pair (this was the highest). The EUR/USD had a spread of 3pips and the least was 2pips of USD/JPY. Other instruments also had their own fixed above average spreads (they hurt your earnings more). At the time of our testing, we did not notice any slippage in execution, which somewhat makes up for the high spreads.

You will be charged a fee if you leave your trades open over the weekend but none for overnight traders on the weekdays. Other fees that you will incur with eToro as we had mentioned earlier are the withdrawal charges. They are from $5 for withdrawal amounts from $20 to $200, $10 for withdrawal amounts between $200-$500 and $25 for amounts above $500.

Community and social features

We found eToro to be a very social and lively environment; traders are capable of interacting with their followers and vice versa; almost to the same degree as they would on Facebook. On the site, some traders are quite active socially and provide regular updates on their trades. We find this to be very refreshing compared to other networks. Followers can leave comments on a trader’s wall and other traders can comment on it or like it.

The capability to interact with your traders at this level may provide some level of understanding of who the trader actually is and may potentially help followers decide whether they want to follow the trader.

Education/training resources

eToro has a trading academy where novice traders can learn about trading. There may not be much information to learn for advanced traders but certainly, the information there is valuable for the person just starting out on trading. The learning academy has a section for teaching social trading which we found to be quite immersive. Apart from the academy, eToro also maintains a blog that is active with regular updates and periodic live webinars.

    Support

eToro has both email and telephone support. We find the email support to be very responsive and helpful. Email response took about 3 hours on trading time.

There is a section in the website dedicated to frequently asked questions which we found quite useful. For those who are unfamiliar with eToro, this will be a useful page to browse at.

ETORO Tips and Tricks

Consciously, making the decision to become the best investor you possibly can, will be your highest goal. It will help you make better decisions. Taking time to go through the guides we have provided for you at social trading secrets is a good step in this direction.  On this page, we have prepared some of the tips and tricks that will help you to become a better investor on eToro. Take your time to read them and develop your investment plan accordingly.

Set your own goals

The most important part of any task is to know what you are doing and why. It is no different with social trading. You should be able to describe what you want to get out of social trading with clarity. You want to define your investment goals clearly from the moment you start, so that you can easily determine the following :-

Who can help you meet them (traders and followers)

When your investment goals are being met

When they are not being met

How to review and optimize your eToro activity in order to meet your goals

When defining your goals, you can have as many or as few criterias for measuring your performances as you want. Remember, it is your capital on the line and you have the final say.  Here are some of the criterias you can use to define and measure your investment goals.

Return on investment. The return on investment is the profit you gain over a given period expressed as a percentage of the initial amount at the beginning of that period. You can choose to define your investment goals in terms of how much return on investment you want to gain.Keep in mind that eToro gain is not equivalent to return on investment. The formula they use employs a weighted return and does not give you the actual return on investment. This can be misleading, so it is important to do your own calculations. For more information on the method used on eToro, please see the section on estimation of returns on the ‘eToro trader selection’ page.

Risk tolerance. This is simply the amount of risk you are willing to take on. You should determine in your goals how much risk you are going to expose yourself to before you begin trading. The risk tolerance will determine the amount of money you deposit initially and the way you allocate that money among the traders you follow. Your risk tolerance will also tell you which traders you want to follow based on their historical risk profile.

Traders to follow. The traders you follow will ultimately be the single most important factor in determining your success or failure. Take time to determine the types of traders you want to follow. For an in-depth guide on how to select traders, check out the eToro ‘selecting social traders’ page.

Account monitoring. It is important that you set goals on how you will monitor your account. These goals can be in terms of a plan and a schedule of the time you will allocate for social trading. See the sections below for details on how you can monitor your account.

Spend more time learning

One of the biggest mistakes that new investors make when they are starting out is assuming that they already know how to trade. Smart investors take the time to learn how to do their job. You will find it very beneficial to take some time to study the best methods to use on eToro. Here are some of the steps you can take.

Familiarize yourself with open book. You will be using the eToro’s open book platform to follow your account’s progress so get yourself familiar with how it works before you start live trading. Trade with virtual money and see how well you are able to use the platform. Make sure you can perform all the basic trading functions within the platform.

Check out the social trading videos in order to familiarize yourself with the basics of social trading on eToro.

Check out the trading interactive courses available on eToro. There is a wealth of information available both for traders and for investors. If you are a new investor, take time to see what skills you can learn from the resources available.

Make a point to check regularly for new webinars. Every now and then, you will find a webinar that catches your attention and that you want to attend. Being a regular attendee of these webinars will undoubtedly increase your knowledge and this will enable you to make better investment decisions on eToro.

Take time to go through the articles on this site which is related to eToro and social trading in general. You will notice that doing this regularly will enable you to gain knowledge and quickly learn the best trading practice. Also, please make sure you see the ‘eToro review’ page for an in-depth analysis of eToro and an overview of what to expect from the platform.

Demo trading

***eToro allows you to practice trading with virtual money. We recommend that you take some time to use virtual money to gauge how well you could perform on eToro. Of course, theoretical returns do not indicate future performance on live trading but it will enable you to get better at using the platform.

It is a good idea to use a realistic amount or that which is close to the money you will be depositing in order to get the best estimates for what you are actually capable of. It will also help you determine beforehand how to allocate your capital and control risk.

Use the Discover People Tool

We have found that searching for traders to follow, to be dramatically easy when using this tool. You want to check it out when locating your traders and we have no doubt that it will be more useful compared to the other search and ranking tool.

With the ‘discover people tool’ on eToro, you can define your own search parameters that you want to see in the columns and arrange them according to your level of importance. There is an in depth description of this tool on the comprehensive ‘eToro review’ page on this site.

Following up and monitoring your account

When will you check and evaluate the progress of your account? It is important that you set aside a specific time in your schedule to do the required follow up. We cannot possibly over emphasize this point! You need to monitor your account. As an investor, you ought to take full responsibility for your own success in social trading. Setting aside time to manage capital allocation  is an important part  as well as success in this area.

Ask yourself these questions

How much time will I spend on eToro per day?

How much time will I spend following up on my account per week?

How do I want to review the progress of my account?

What performance indicators will I look at?

How will I monitor new traders to add to my people’s portfolio?

Answering these questions will help you come up with a plan for achieving your goals and crucially spend the required time on eToro efficiently. Make sure you take time to answer them.

Consistency

For you to attain consistent results, it is important that you look for consistency in the traders you copy. Check to see if the trader has been having consistent returns over the last six months to a year. Can you tell whether the trader is following their trading strategy always? If the trader has provided a description of their trading strategy, they should follow it strictly. If they have not described it, whatever strategy they are using ought to have a relatively consistent performance in terms of outcome.

Another thing to check for in a trader is how they deal with losing trades and how much risk they take on. We have dealt with this issues in great details in the eToro ‘selecting social traders age’ page. Do take time to go through the information provided there.

It is equally important that you let your plan work out. After you have done your due diligence and selected the traders that you feel are the best to copy, give them time to perform as you had projected. Some investors are too quick to switch traders the first time they see a loss in their account. Remember, losses are as much a part of the business as profits. To be a smart investor, it is important to have a longer-term perspective on trading. We would recommend to only switch a trader when you are confident that the trader can no longer help you attain your investment goals or if there is another one that you are confident can do better.  There is no other reason to switch traders. Losing money in the short term is not a good enough reason unless it demonstrates incompetence.

Just like in any other business, to attain success in social trading requires you to use the best practices of the trade. It is important to make yourself a better investor according to your own defined goals. In the long run this approach will ensure that you attain a level of excellence that most investors cannot achieve.

Summary

When it comes to social trading, eToro is definitely one of the giants. It offers a truly social experience for investors and to top if off; it provides an open environment where ideas can be shared with like minded people.

The large number of trade providers available is definitely to eToro’s credit. It can be taken as a vote of confidence in their platform. Their relatively high spreads can be excused when we consider that there is virtually no slippage.

eToro will provide you with a large pool of investment instruments and you can easily diversify your portfolio. It also means that there will be a large number of trading set up available for you to trade on. All in all, eToro ought to be given serious consideration by anyone looking to venture into social trading and investments.

Pros

It is easy to sign up with eToro

There is no need to sign up with another broker

There is minimal slippage when executing trades

Availability of demo account

Very active community

eToro has an open sense of community and useful interaction

eToro has a very usable discovery tool that helps you find traders to follow

It has two mobile apps that support android and apple mobile devices

eToro has a simple and straightforward way to manage risk

Cons

Relatively higher spreads could cut into profits

Finding the right trader to follow will take some effort

The OpenBook platform can be too simplistic for any serious manual trading

via Kenya Forex Firm LTD

[lindajohnsonn]

Admiral Markets Review 2018: User Ratings, Bonus, Demo & More

Admiral Markets Review 2018 – User Ratings, Bonus, Demo & More

Looking for the best forex broker? Your search is over. Read our Admiral Markets review to evaluate the pros and cons of this online forex broker and choose on the basis of data if it is suitable for your needs. This article is dedicated to reviewing one of the best regulated brokers and to give you a clearer idea of what to expect in case you decide to open an account with them.

Admiral Markets Review

Admiral Markets Group is a umbrella company that hosts several different brokerages. There is Admiral Markets UK Limited, in the United Kingdom, Admiral Markets AS in Estonia, Admiral Markets Cyprus Limited in Cyprus, and Admiral Markets Pty Limited in Australia. By default, when you go on the website you are directed to the United Kingdom but be aware that there are multiple companies that you can trade with.

Trading accounts

Admiral allows you to trade in micro lots, meaning 0.01 lots and with that offers quite a bit of flexibility depending on the account you are involved in. There is the Mini account, the Standard account, the ECN account, the VIP account, Admiral Prime, and Admiral MT5. It should be noted that the minimum size for both Admiral Prime and Admiral MT5 is 0.1 lots, so may not be appropriate for smaller accounts. Admiral does not take US clients, but works with many other countries around the world. The brokerage has been around since 2001, and is highly regulated in the various countries in which it has headquartered its offices. This means the FCA in the United Kingdom, the EFSA in Estonia. CySEC in Cyprus, MiFDD II in Europe, as well as many other regulatory bodies.

The company

Admiral Markets which again opened in 2001 has been trusted by thousands of clients around the world. The company offers an extreme amount of flexibility when it comes to trading accounts, with multiple conditions depending on your needs. Deposits can be made in most national currencies which are then converted into British pounds, Euros, US dollars, or Swiss francs. You can also have multiple trading accounts in different currencies at the same time to protect yourself from currency fluctuation. Admiral has been one of the leaders around the world for quite some time, and the ability to maximize your trading positions due to switching back and forth between currencies is one of the main reasons.

Trading conditions

Initial deposit

The initial deposit at Admiral start suggest 200 units, be it Euros, Pounds, Dollars, or Francs. This allows the trader to protect himself against the currency fluctuations that will inevitably happen, and there are a multitude of other currencies which you can deposit in, but it will be converted into the big four.

Spreads and conditions

Admiral offers tight spreads and conditions, although they are variable. For example, on the EUR/USD, with the more professional counts the spread can be as little as 0.0 pips. However, on your standard account it starts to reach towards 0.8 pips, still very tight for retail brokerage. Keep in mind that Admiral offers several other types of markets as well, including CFD markets. For example, Apple typically has a spread of four cents, BMW, BMP Paribas, and Facebook are all very similar. Admiral also offers ETF trading, bonds, CFDs for crypto currency, indices, and large commodities. Because of this, you have the ability to trade various markets at the same time and within the same account.

Leverage

Depending on the account size and whether it’s professional or not, Admiral offers anywhere from 1:10 to 1:20 leverage. As a general rule, the larger the account the last leverage that’s offered which quite frankly is a smart move considering how dangerous leverage can be with large balances.

Trading platforms

Admiral offers four different trading platforms, which of course would include the well-known MetaTrader series, including both version 4 and version 5. There is also MetaTrader Supreme Edition, which offers a handful of new widgets to trade, and quite frankly is rather well-designed, and then of course there is MetaTrader WebTrader in both version 4 and 5. This allows the trader to monitor or trade positions from anywhere that there is an Internet connection, and in a familiar environment. Beyond that, these platforms of course work on mobile devices as you probably know already.

Payment methods

Deposits are easy with Admiral Markets, as they include credit and debit cards, bank wire transfers, PayPal, Neteller, Sofort, and Skrill. They transfers, credit cards, and Skrill can be used to deposit multiple currencies, with credit cards, bank transfers, and a service known as Klarna are all free. Neteller is 0.9% with a minimum of one euro for cost, just as Skrill is. Withdrawing money from Admiral is free through bank transfer, but if you are looking to do it through Skrill or Neteller, it will cost you 1% with a minimum of one euro.

Extras

Admiral markets has plenty of extras, including webinars on both Forex and CFD markets. There is the usual FAQ section, as well as a traders glossary. Beyond that, they also have seminars on both Forex and CFD trading as well as risk management sessions. An extensive library of articles and tutorials also helps, and then finally there is the “Zero to Hero” course and the “Forex 101” course as well. What I found interesting is that there is a huge analytic section as well, including a market heat map, market sentiment section, and wave analysis – something that will be crucial for Elliott wave traders if that’s how you choose to go about the markets. In general, Admiral has one of the bigger sections of education and extras out there, but anymore this is becoming something that most brokers offer, so in and of itself it’s probably not a reason to trade. However, the conditions are right, the broker is highly regulated, and of course it has been around since 2001, making it a trusted partner for its so many over the years.

The post Admiral Markets Review 2018: User Ratings, Bonus, Demo & More appeared first on The Diary of a Trader.

Admiral Markets Review 2018: User Ratings, Bonus, Demo & More posted first on http://thediaryofatrader.com/

[aubreytownsend]

Admiral Markets Review 2018: User Ratings, Bonus, Demo & More

Admiral Markets Review 2018 – User Ratings, Bonus, Demo & More

Looking for the best forex broker? Your search is over. Read our Admiral Markets review to evaluate the pros and cons of this online forex broker and choose on the basis of data if it is suitable for your needs. This article is dedicated to reviewing one of the best regulated brokers and to give you a clearer idea of what to expect in case you decide to open an account with them.

Admiral Markets Review

Admiral Markets Group is a umbrella company that hosts several different brokerages. There is Admiral Markets UK Limited, in the United Kingdom, Admiral Markets AS in Estonia, Admiral Markets Cyprus Limited in Cyprus, and Admiral Markets Pty Limited in Australia. By default, when you go on the website you are directed to the United Kingdom but be aware that there are multiple companies that you can trade with.

Trading accounts

Admiral allows you to trade in micro lots, meaning 0.01 lots and with that offers quite a bit of flexibility depending on the account you are involved in. There is the Mini account, the Standard account, the ECN account, the VIP account, Admiral Prime, and Admiral MT5. It should be noted that the minimum size for both Admiral Prime and Admiral MT5 is 0.1 lots, so may not be appropriate for smaller accounts. Admiral does not take US clients, but works with many other countries around the world. The brokerage has been around since 2001, and is highly regulated in the various countries in which it has headquartered its offices. This means the FCA in the United Kingdom, the EFSA in Estonia. CySEC in Cyprus, MiFDD II in Europe, as well as many other regulatory bodies.

The company

Admiral Markets which again opened in 2001 has been trusted by thousands of clients around the world. The company offers an extreme amount of flexibility when it comes to trading accounts, with multiple conditions depending on your needs. Deposits can be made in most national currencies which are then converted into British pounds, Euros, US dollars, or Swiss francs. You can also have multiple trading accounts in different currencies at the same time to protect yourself from currency fluctuation. Admiral has been one of the leaders around the world for quite some time, and the ability to maximize your trading positions due to switching back and forth between currencies is one of the main reasons.

Trading conditions

Initial deposit

The initial deposit at Admiral start suggest 200 units, be it Euros, Pounds, Dollars, or Francs. This allows the trader to protect himself against the currency fluctuations that will inevitably happen, and there are a multitude of other currencies which you can deposit in, but it will be converted into the big four.

Spreads and conditions

Admiral offers tight spreads and conditions, although they are variable. For example, on the EUR/USD, with the more professional counts the spread can be as little as 0.0 pips. However, on your standard account it starts to reach towards 0.8 pips, still very tight for retail brokerage. Keep in mind that Admiral offers several other types of markets as well, including CFD markets. For example, Apple typically has a spread of four cents, BMW, BMP Paribas, and Facebook are all very similar. Admiral also offers ETF trading, bonds, CFDs for crypto currency, indices, and large commodities. Because of this, you have the ability to trade various markets at the same time and within the same account.

Leverage

Depending on the account size and whether it’s professional or not, Admiral offers anywhere from 1:10 to 1:20 leverage. As a general rule, the larger the account the last leverage that’s offered which quite frankly is a smart move considering how dangerous leverage can be with large balances.

Trading platforms

Admiral offers four different trading platforms, which of course would include the well-known MetaTrader series, including both version 4 and version 5. There is also MetaTrader Supreme Edition, which offers a handful of new widgets to trade, and quite frankly is rather well-designed, and then of course there is MetaTrader WebTrader in both version 4 and 5. This allows the trader to monitor or trade positions from anywhere that there is an Internet connection, and in a familiar environment. Beyond that, these platforms of course work on mobile devices as you probably know already.

Payment methods

Deposits are easy with Admiral Markets, as they include credit and debit cards, bank wire transfers, PayPal, Neteller, Sofort, and Skrill. They transfers, credit cards, and Skrill can be used to deposit multiple currencies, with credit cards, bank transfers, and a service known as Klarna are all free. Neteller is 0.9% with a minimum of one euro for cost, just as Skrill is. Withdrawing money from Admiral is free through bank transfer, but if you are looking to do it through Skrill or Neteller, it will cost you 1% with a minimum of one euro.

Extras

Admiral markets has plenty of extras, including webinars on both Forex and CFD markets. There is the usual FAQ section, as well as a traders glossary. Beyond that, they also have seminars on both Forex and CFD trading as well as risk management sessions. An extensive library of articles and tutorials also helps, and then finally there is the “Zero to Hero” course and the “Forex 101” course as well. What I found interesting is that there is a huge analytic section as well, including a market heat map, market sentiment section, and wave analysis – something that will be crucial for Elliott wave traders if that’s how you choose to go about the markets. In general, Admiral has one of the bigger sections of education and extras out there, but anymore this is becoming something that most brokers offer, so in and of itself it’s probably not a reason to trade. However, the conditions are right, the broker is highly regulated, and of course it has been around since 2001, making it a trusted partner for its so many over the years.

The post Admiral Markets Review 2018: User Ratings, Bonus, Demo & More appeared first on The Diary of a Trader.

Admiral Markets Review 2018: User Ratings, Bonus, Demo & More published first on http://thediaryofatrader.com/

[fxasker-blog]

How do I place a pending order in ADMIRAL MARKETS Markets?

How do I place a pending order in ADMIRAL MARKETS Markets? Read More http://fxasker.com/question/dd01326f4e575e1f/ FXAsker

[thediaryofatrader]

Admiral Markets Review 2018: User Ratings, Bonus, Demo & More

Admiral Markets Review 2018 – User Ratings, Bonus, Demo & More

Looking for the best forex broker? Your search is over. Read our Admiral Markets review to evaluate the pros and cons of this online forex broker and choose on the basis of data if it is suitable for your needs. This article is dedicated to reviewing one of the best regulated brokers and to give you a clearer idea of what to expect in case you decide to open an account with them.

Admiral Markets Review

Admiral Markets Group is a umbrella company that hosts several different brokerages. There is Admiral Markets UK Limited, in the United Kingdom, Admiral Markets AS in Estonia, Admiral Markets Cyprus Limited in Cyprus, and Admiral Markets Pty Limited in Australia. By default, when you go on the website you are directed to the United Kingdom but be aware that there are multiple companies that you can trade with.

Trading accounts

Admiral allows you to trade in micro lots, meaning 0.01 lots and with that offers quite a bit of flexibility depending on the account you are involved in. There is the Mini account, the Standard account, the ECN account, the VIP account, Admiral Prime, and Admiral MT5. It should be noted that the minimum size for both Admiral Prime and Admiral MT5 is 0.1 lots, so may not be appropriate for smaller accounts. Admiral does not take US clients, but works with many other countries around the world. The brokerage has been around since 2001, and is highly regulated in the various countries in which it has headquartered its offices. This means the FCA in the United Kingdom, the EFSA in Estonia. CySEC in Cyprus, MiFDD II in Europe, as well as many other regulatory bodies.

The company

Admiral Markets which again opened in 2001 has been trusted by thousands of clients around the world. The company offers an extreme amount of flexibility when it comes to trading accounts, with multiple conditions depending on your needs. Deposits can be made in most national currencies which are then converted into British pounds, Euros, US dollars, or Swiss francs. You can also have multiple trading accounts in different currencies at the same time to protect yourself from currency fluctuation. Admiral has been one of the leaders around the world for quite some time, and the ability to maximize your trading positions due to switching back and forth between currencies is one of the main reasons.

Trading conditions

Initial deposit

The initial deposit at Admiral start suggest 200 units, be it Euros, Pounds, Dollars, or Francs. This allows the trader to protect himself against the currency fluctuations that will inevitably happen, and there are a multitude of other currencies which you can deposit in, but it will be converted into the big four.

Spreads and conditions

Admiral offers tight spreads and conditions, although they are variable. For example, on the EUR/USD, with the more professional counts the spread can be as little as 0.0 pips. However, on your standard account it starts to reach towards 0.8 pips, still very tight for retail brokerage. Keep in mind that Admiral offers several other types of markets as well, including CFD markets. For example, Apple typically has a spread of four cents, BMW, BMP Paribas, and Facebook are all very similar. Admiral also offers ETF trading, bonds, CFDs for crypto currency, indices, and large commodities. Because of this, you have the ability to trade various markets at the same time and within the same account.

Leverage

Depending on the account size and whether it’s professional or not, Admiral offers anywhere from 1:10 to 1:20 leverage. As a general rule, the larger the account the last leverage that’s offered which quite frankly is a smart move considering how dangerous leverage can be with large balances.

Trading platforms

Admiral offers four different trading platforms, which of course would include the well-known MetaTrader series, including both version 4 and version 5. There is also MetaTrader Supreme Edition, which offers a handful of new widgets to trade, and quite frankly is rather well-designed, and then of course there is MetaTrader WebTrader in both version 4 and 5. This allows the trader to monitor or trade positions from anywhere that there is an Internet connection, and in a familiar environment. Beyond that, these platforms of course work on mobile devices as you probably know already.

Payment methods

Deposits are easy with Admiral Markets, as they include credit and debit cards, bank wire transfers, PayPal, Neteller, Sofort, and Skrill. They transfers, credit cards, and Skrill can be used to deposit multiple currencies, with credit cards, bank transfers, and a service known as Klarna are all free. Neteller is 0.9% with a minimum of one euro for cost, just as Skrill is. Withdrawing money from Admiral is free through bank transfer, but if you are looking to do it through Skrill or Neteller, it will cost you 1% with a minimum of one euro.

Extras

Admiral markets has plenty of extras, including webinars on both Forex and CFD markets. There is the usual FAQ section, as well as a traders glossary. Beyond that, they also have seminars on both Forex and CFD trading as well as risk management sessions. An extensive library of articles and tutorials also helps, and then finally there is the “Zero to Hero” course and the “Forex 101” course as well. What I found interesting is that there is a huge analytic section as well, including a market heat map, market sentiment section, and wave analysis – something that will be crucial for Elliott wave traders if that’s how you choose to go about the markets. In general, Admiral has one of the bigger sections of education and extras out there, but anymore this is becoming something that most brokers offer, so in and of itself it’s probably not a reason to trade. However, the conditions are right, the broker is highly regulated, and of course it has been around since 2001, making it a trusted partner for its so many over the years.

The post Admiral Markets Review 2018: User Ratings, Bonus, Demo & More appeared first on The Diary of a Trader.

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