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How to Change Password on Hotforex account?

Hotforex broker is one of the most famous brokers in the finance industry and more than 1.3 million traders use this broker. Very often traders can not remember MT4 passwords for their accounts. In the Hotforex platform password can be easily reset.

If you want to change the password on the Hotforex account you need to log in into members’ area and enter into the “My accounts” section. After that, you go to Actions/Reset password. Then you will be redirected to the new page where you will set a new password.

Let we see these steps on images:
In the first step you need to log in Hotforex account if you want to reset the password of your MT4 account:

In the next step, enter into the “My accounts” section. See picture:

In the last step you will get a page where you can set a new password.

Don’t’ forget Hotforex bonus:

List of Forex Trading Companies in Nigeria in 2020.

by Fxigor

Reveal six best forex brokers in Nigeria for 2020

How to find the best forex brokers in Nigeria?

Introduction:
This analysis and list of forex trading companies in Nigeria were made using Google Trends and brokers’ annual reports.

The forex currency trading boom started in the 2000s. Today, there are as many 300,000 individual forex traders in the country according to estimates from FinanceMagnates.com. Such high popularity is attributed to the low entry norms such as low minimum deposit, free trading platform to mention a few.
Forex trading has been accepted as a financial instrument but only a handful of broker operates in Nigeria. The Central Bank of Nigeria nor any other government agencies have little or no access to the very few brokers in Nigeria and that makes it vulnerable to trade with them. You should consider a foreign exchange broker that will accept Nigerian clients and authorized by a few regulatory boards. If you are a Nigerian and willing to invest in stock markets be sure that the forex brokerages are not the same everywhere.

Forex Trading In Nigeria:

The national currency of the country, Nigerian Naira, is further split into mini denominations called kobo. As per BIS, this currency is not on the top trading currencies.

Keeping in view of the financial sector regulatory, the CBN (Central Bank of Nigeria) has set strict directives for the stock market and brokers dealing in forex trade.

This new law ensures that brokers doing business in Nigeria have to manage public money in separate accounts. Therefore when there is a bankruptcy or other absurd situation, the fund will not be hampered.

Things to Watch for In a Forex Broker in Nigeria:

The below-mentioned things must be covered:

A reputed forex trader. Has to be an oversight by a regulatory authority. Flexibility to open and start trading in any type of account of your choice. An affordable lowest deposit. Gives the freedom to invest in any forex pairs and other assets. Providing the highest leverage ratio, big enough for trading. Aggressive dealing spreads. Providing safety in opposition to a negative balance. Keeping the slippage and lowering the re-quotes. Manage client funds in segregated accounts. Deposit and withdrawals that suits your need.

Below Is The Best Forex Brokers Found In Nigeria:
Forex Trading has already gained quite a popularity among many. When done correctly, it can really yield good profits in no time. Nevertheless, it’s important to find out a right forex broker so that you can generate lucrative profits. Needless to mention, finding an ideal forex broker isn’t an easy task. Especially, in Nigeria, there are plenty of brokers operating every day. Some of them are reliable and trustworthy. Whereas, a good number of these brokers are running a scam business. Hence, you need to carefully pick a trusted and regulated Nigerian forex broker before investing and avoid the scam ones.

Forex trade plays a significant role in a country’s economy. How effective it depends on the institutional set-up and the diverse policies put into force. In Nigeria, similar trends have been witnessed over the years. A growing number of middle-income group people are getting interested in foreign trade and are looking only for the best forex broker in Nigeria.
With the local currency trading getting deeper and mature, several renowned forex trading brokers have come to set up their local office in the capital of Nigeria (Abuja). The best forex brokers in Nigeria include XM.COM, HotForex, IQ OPTION, We’ll discuss each briefly.

For your reference, this article will now help you reveal six best forex brokers in Nigeria for 2020. So, please keep reading the following sections and know more about them before you start investing.

Reveal six best forex brokers in Nigeria for 2020:

# 1 — Hotforex

Hotforex has the best forex trading platform in Nigeria based on the latest research.
This is another low-cost forex broker for Nigeria. The platform is 100% safe and reliable. Kindly note that Hotforex is associated with various regulatory authorities like FSCA, FCA, and CySec. That’s why the platform is considered to be a trusted and recommended option for forex brokers in Nigeria. Another great facility of this platform is that they have an extremely low minimum deposit requirement which is $5. Additionally, it’s worth to mention that the fees of Hotforex are even lower compared to FXTM. It’s around 0.3 pips for EUR/USD with Zero Account, 0.6 pips for GBP/USD, and 0.8 pips for USD/JPY.

Hotforex supports local bank deposit and withdrawal methods for all Nigerian traders. Additionally, there are several wallet options too. Hotforex trading platform can be accessed via your smartphone. Whether you own an Android smartphone or iOS device, Hotforex can be easily accessed via it. Plus, the site can also be accessed via desktop too. Hotforex is offering a 100% sign up bonus to the new customers. To avail this 100% sign up bonus offer, the minimum deposit requirement is ?30,000. For the existing customers, the platform offers a good loyalty program.

# 2 — Forextime

When it comes to finding a good forex broker, there are multiple factors that need to be considered, such as promptness in deposits & withdrawals, spreads and fees, deposit bonus options, customer support, and trade execution. In terms of all of these aforementioned factors and parameters, Forextime features to be one of the best forex broker platforms in the market. The best part of this platform is that Forextime is absolutely safe and reliable. It’s a trusted and reputed platform that’s ideal for all Nigerian traders. The platform is associated with various trusted authorities of the UK, Belize, and Cyprus. Other key features of this platform are easy withdrawal facility, low deposit option, and instant order execution.

It is one of the best forex brokers in the country with oversights from many regulations from different countries. With an amount of 5 US Dollars, you can open a micro trading account that has high leverage. It pays attention to customer needs.

The minimum deposit requirement for FXTM or Forextime is ?2000. What’s more, FXTM has a live chat support option where you can directly contact the customer care executives at any time for 24*5. Coming to the fees, it’s 2.0 pips for EUR/USD with Standard account and it’s 0.4 pips for ECN MT5 account. The platform is not currently offering any deposit bonus to the new customers.

# 3 — Exness

This forex trading platform is also quite popular among Nigerian traders. It was founded in the year of 2008 and since its inception, the platform has rapidly gained a good number of active forex brokers. Also note, this is a trusted and regulated platform that has approvals from two well-known regulatory authorities including CySEC and FCA. Exness gives you the option to choose from more than 120 major and minor currency pairs. Their deposit requirement is also quite low. For example, their deposit requirement is only $1 for Mini and Cent accounts.

Coming to the deposit options, the platform allows you to place a deposit via local banks (applicable only for Nigerian traders). Other deposit options include e-wallets and credit/debit cards. The customer support option for Exness is very prompt, helpful, and well-responsive. For example, customer support is available for 24*5 for a total of eight languages. There is additional customer support which is available for 24*7 for three languages. Instant withdrawal options are too available which are applicable for e-wallets.

# 4 — XM Forex

This forex broker platform is definitely recommended to the Nigerian traders. The platform has started operating since the year of 2009. Rest assured that it’s a trusted and regulated platform that’s certified by ASIC 443670 and CySEC. As of today, XM forex supports around fifty-five different currencies. Another unique part of this website is that it arranges and organizes free training, live web seminars, and educational videos on a frequent basis so that you can learn the art of successful forex trading.
XM.COM is popular among starter and intermediate segments in traders. Founded in 2009, it’s been considered the top forex trading company based on all criteria. The broker is regulated by ASIC of Australia. If you’re looking for profits to earn from forex trade, xm.com is the best option.

You can earn up bonuses $4500. The transparent policy coupled with low spreads (0.1 pip). There are no requotes; it also does not have a slippage policy.. Compatible with MT4Your minimum first deposit must be $5. The maximum permission leverage is 1:88

XM Forex has three different types of account and all of them have a very deposit requirement. The fees associated with this platform are also quite low. For example, for Ultra-Low accounts, their fee is around 0.8 pips for EUR/USD. Whereas, for Standard and Micro accounts, their fee is around 1.7 pips. Another unique and interesting feature of this platform is that it supports instant order execution guarantee. 99.35% of XM Forex orders are executed within a second. Other features of this platform include negative balance protection, fast withdrawals, and quick execution of orders. On top of that, this platform ensures to offer prompt, responsive, and knowledgeable chat support that’s available 24/7.

The only negatives of this platform are that XM Forex doesn’t have a local office in Nigeria and they don’t accept local bank deposit options.

# 5 — Avatrade

If you are looking for one of the best forex brokers in Nigeria for 2019, then Avatrade can also be one of the good recommendations for you. The platform is well-known to be a trusted and reliable forex broker site. It’s regulated by two renowned authorities like ASIC and FSCA. The greatest advantage of this platform is that Avatrade is a fixed spread broker platform i.e. their spread is consistently the same irrespective of any market time and market conditions. This platform charges an absolutely zero processing fee on all deposits and withdrawals. Also, the platform has a local support number which can be used to reach out to the customer support executives of Avatrade (for any immediate help and assistance).

The live chat support option for Avatrade is available only during their company business hours. Although the platform features to be a fixed spread broker, their spread can be a bit higher for some minor and exotic currency pairs.

# 6 — Alpari

This forex broker platform was founded and established in the year of 1998. Needless to mention, it’s one of the oldest forex brokers that has more than two million active customers. The platform supports many different account types. Their minimum deposit value can be as low as zero for the Nano Account. On top of that, the platform also supports trade in cryptocurrencies. For example, you can trade with this platform with cryptocurrencies like Bitcoin and Ethereum. Alpari’s spread is also quite low i.e. it’s as low as 0.6 pips for EUR/USD.

Additionally note, this platform accepts a wide variety of deposit and withdrawal options. Being a trusted and regulated platform, Alpari is certified by CySEC or Cyprus Securities and Exchange Commission. However, the platform is no longer approved by FCA or NFA. The platform has a very good technical support team that is available for 24*7. You can easily and conveniently reach out to this team at any time whenever you need help.

7. FXCM:

With an amount of 50 US Dollars, you can open a trading account with FXCM. Micro lot trading facilities along with other trading options are available.

8. Easy markets:

It is the most popular forex broker in the country and started trading since 2003. It has served above 160 countries and gives 175 different trading options on commodities including Bitcoin. You can open a trading account with a deposit of 100 US Dollars.

9. IQ Option

IQ Option is the best for beginners thanks to its simple and easy to understand interface. It is formally regulated by CySEC (Cyprus). The broker offers protection against negative balance and has safe bank accounts. Along with this all, a range of assets makes it a great choice for beginners in forex trade.

The final verdict:

With this, you have revealed six best forex brokers in Nigeria for 2019, such as Forextime or FXTM, Hotforex, Exness, XM Forex, Avatrade, and Alpari. Each of these platforms has its own sets of benefits and advantages. Based on your preference and requirement, you can pick any of them and start trading right away!

These platforms have one particular thing in common i.e. regulation. To be a trusted forex broker platform, it has to be regulated by authoritative agencies i.e. FCA and CySEC. This ensures that the platform is safe and it’s not engaged in the scam and illicit activities. These regulations also ensure that your invested money is safeguarded in their trading accounts.

Never attempt to deposit in such a forex broker platform that is not licensed or certified. Also, before you start trading, please make sure to check and validate if there are any associated trading fees. All safe, legal, and licensed forex broker platform will upfront declare their trading fees and there won’t be any hidden charge at all. Please make sure to choose such a platform that offers lower spread and funding fees. If the spread is lower, then it will be better as you will have to pay lesser for broking. The final metric of a good and reputed forex broker platform is the customer support availability. In case if you face any struggle and difficulty, the platform should give you an option to contact their customer support for a prompt resolution.

As a Nigerian, your attention will be related to the security of your funds while choosing a broker. Make sure you have the flexibility to withdraw your profits.

Zulutrade review – Forex signals provider where experts trade for you

by Fxigor

Zulutrade is one of the biggest mirror trading forex platforms in the world where investors can follow signal providers and signal providers can earn commissions from signals.

Visit Zulutrade official website and learn more.

Zulu Trade Overview
”
Zulutrade is considered a sophisticated forex single provider. The company handles an account network that helps the very best dealers trade signals to get automatically traded in the account of the broker, free of charge. Founded in 2006, the company fills the gap between essential data in money markets and completes the deal using the advice from some of the most skilled expert traders all over the world, increasing the speed it’s executed. This way of dealing with forex could be considered as the Holy Grail that everyone searches for. Obviously ZuluTrade isn’t a traditional forex broker. Directly is linked only with Aaafx forex broker but mostly all major world forex brokers offer Zulutrade as an auto trading platform for traders.

Zulutrade is signal provider autotrading platform with excellent statistics. The basic system overview is simple : good traders trade, than system sort and rank top traders and investors follow top traders trades.See image:

In this video we can see basic informations about Zulutrade:

The trademarked technology of ZuluTrade is deemed as the best choice for dealers who are intending to learn trading in a calm style. The assistance of expert traders, who show their dealing system and make a customer base, help to make this possible. There are virtually millions of providers to pick from, each of whom are able to provide an in depth track record.
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How does ZuluTrade work?

Setting up an account with ZuluTrade is pretty easy. This company provides a display account. An existing deal account is required with the help and assistance of brokers. The user has got to fill out an application form and then simply fax it to ZuluTrade which will take about 1 day to process. You can open account at AAAFx Zulutrade forex broker and your account will be automatic connected with Zulutrade account without any documents or delay. Regular lots and mini lots may also be traded. The withdrawal of the revenue is organized in a natural manner with the help of a broker and not through ZuluTrade. ZuluTrade is just a system that backlinks the user to the normal trade signals. The website can be effortlessly navigated. The database of the providers can be brought up effortlessly to get a provider who has the best percentage of winning deals, average pips gain for every deal, the overall number of people subscribed, massive drawdown, and the number of weeks. There’s no other way that these providers are able to use it to correct their trade history as every deal is audited.

Below you can see Zulutrade Tutorial

In this video below we will see how to follow a trader using Zulutrade:

Now we can learn how to browse investors page:

How to create a demo account we can see in video below:

Then if you are ready for signals you can see how to create real account video:

Now we will see how to choose the right signal provider. If you want to choose perfect signal provider you need to learn how to use Advanced search filter on Zulutrade:

Here you can see Zulutrade top signal providers:

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Apart is known as “Mt Account” which enables the user to handle the chosen service providers and get all deals that are taken into account. The company also has a trade designated as “Margin O Meter” that states how margin calls must be avoided by reducing the number of deals that a signal takes at a single try and the number of lots of every trade. The user can see the deals in their account and can close them personally whenever they want. The service provided by ZuluTrade is highly recommended to all those who would like to improve their forex income, and would likewise like the help of somebody else to deal on their behalf.

Everything about this service is easy and quick to understand. You’ll find an explanation of each and every service on the site. Customer service is offered by e-mail, 24 hour instant messenger and telephone. Its pretty entertaining looking at millions of providers to pick the ideal one.
How to find excellent signal provider ?
My advice is to use advanced search. Looking for top 100 providers with low drawdown.

So how can you make money using ZuluTrade?

First you have to open a ZuluTrade account. Then you are able to choose forex brokers at ZuluTrade like Aaafx or avafx. Then you link your forex broker account with ZuluTrade. All professional signals will go to your ZuluTrade account and your real account.
See how I made tons of forex pips from Zulutrade signal provider:

This image is made a few months ago. Now you can find much better signal providers. Anyway, you can open at ZuluTrade free account, try and test few months and then connect with your real MetaTrader account. I suggest you see the Zulutrade brokers list and to make Zulutrade live signup.Most popular are Zulutrade Alpari and FXCM ZuluTrade forex brokers but all brokers on the list are welcome. Try to pick a broker with low spread and signal providers which don’t scalp with high stop loss reward ratio.

About Zulutrade scam :
Zulutrade is not a scam. This service is the biggest in the world and money flow is huge. What is the problem for new traders? Very often traders pick signal providers which are on the top of the ranking list. They have excellent result for a few months and then lose all money. So what I problem :
New traders need to watch to pick traders with low drawdown. It must be less than 20%. Than if trader risk 200 or 300 pips to earn 15 pips or 20 pips than this signal provider can not be good. Maby current statistical data shows top-ranking but future performance will be very bad. You can see very often signal providers which risk too much.Sometimes keep loosing trade for several months and traders lose money. So watch how traders trade. If traders risk 200 pips and earn 400 pips per trade that is good, but if he earns 15 pips and risks too much – this is not good.
For example, you have a signal provider which is not ranked so good as Onlysafeprofit In the future this strategy can be excellent.

Making money isn’t easy
Like in every job, making money only might look easy, but it never is. It is easy to trade, that’s for sure. Easier than to push weights, but to make money, you need to do more. You won’t find anybody whom you can trust to tell you that you don’t need to do a thing to make money. You don’t want to gamble. It is important to know what you are doing.
For picking a trader to follow, make sure to know a few things about them, like, that they have a good and clear history, that they are serious about what they do, and that they are not doing crazy things.
This is just an introduction to Zulu, and not a place to teach you how to trade, but we can give you a tip to take all the percussion measures before placing your money at risk. Make sure to first spend time with the demo account, and then make sure that you are aware of the risk, especially in the first (couple) of months. We are not saying that you will have a negative balance in the first month(s), but it might happen. If it does, use it to learn from (possible) mistakes. That you will do by writing down what an action is and what a direct result to that is.

Binary Options
“Binary options” has become a very popular financial instrument and it has constantly been recording constant growth. Its growth is the result of the fact that seems easy to win big money in a quite short time. Actually, the way “binary options” has been set, it does indeed enable such an event, but it rarely happens in reality. The reason for lack of instant success is greed, and whenever a beginner wins instant money, they usually don’t realize that the next move might be disastrous and it usually is.
”

Zulu helps in a way that it provides actual help, but not somebody recommended. Zulu allows you to pick your own signal provider. Signal providers are traders who do things for themselves in an attempt to get as much as possible from the forex market or binary options. They are not somebody who just give you “advice” and charge you a fee for their effort, regardless of what they really do to help.
Zulu helps you pick a trader whom you can follow. Zulu has an algorithm that ranks traders based on their performances. You can filter out what values you prefer, for example, a good streak someone as, a certain percentage of winnings and so on. The tip is to aim for steady traders who do well over a year, rather than somebody who does excellent for a week. Having an extremely high percentage of success in a short period of time is a signal to slow down, so if there is somebody with such a success, it usually means that you don’t need them for the next moves.

How to become Zulutrade signal provider?
When you establish yourself as a trader, you can sign up and begin with selling signals. If you are good at it, you will be noticed and will gain more and more followers. That’s the way to get trades and a fee from those trades.

You can open several accounts for the following traders. That way you can more easily follow their performance and success. You will notice that some of the “traders” are just shooting blanks, so you will soon see that they are no real traders whose work is even worth following. When you start earning – which doesn’t have to happen immediately – don’t be disappointed if your returns are one or two percent per month. You should know that you have made it if you see your account grow each month.

Tracking your success
Besides visiting Zulu’s website, you can have daily and weekly reports directly to your email. There is also a warning email that alerts you if/when your followed trader changes his/her behavior. For example, if their typical day of trading gets suspiciously dangerous, like – they open way more trades, you are alerted. These sorts of alerts are just that, and you need to step in and change something you feel needs to be changed. That is different from settings that you can make to stop the following somebody if they do this or that.
Also, you can check your history, analyze how well did you do by the following somebody, what are your mistakes. You can see what sort of traders got you money, what sort of traders you followed took it away from you, how your reactions to the changes the followed traders had made resulted. You can see in your history if you should be more detailed about this or that. It requires scrutiny to do these analytics, but that’s a characteristic of a successful person in any job.

Visit Zulutrade official website and learn more.

FBS Regulation – is FBS safe?

by Fxigor

Efficient, Innovative and Reliable FBS Regulation

FBS forex broker has Registration No. 119717 and FBS Markets Inc is regulated by IFSC, license IFSC/60/230/TS/17.

A Detailed Review of FBS and FBS Regulation

FBS is Cyprus a based forex broker and is operated by Tradestone Ltd and has its main office in Limassol, Cyprus. Established in 2009, the brokerage is governed by rules by Cyprus Securities and Exchange Commission (CySEC). FBS has been conferred with several recognitions from diverse global recognitions and awards. Today, the brokerage serves more than 13,000,000 clients.

As per the official estimates, the firm gets 7,000 applications for new accounts each day. Further, the brokerage receives and processes a request for withdrawal in every 20 seconds. As many an 80% of their clients are loyal to the broker, and the main source of income for the brokerage is 48% of the clients. Serving clients across the globe in 190 countries, FBS keeps on increasing its share in the market every day.

How is FBS regulated and is secure?

Is FBS safe? FBS being under the regulatory setup in Cyprus can be traced back when Cyprus joined the EU under a set of regulations as per the 2004/39/EC/MiFID. It has been in existence since November 2007. It aims to bring out and maintain a high-quality with balanced protection for investors in the market of financial instruments. MiFID II became effective in January 2018. It was empowered to make investor protection effective by improving transparency.

The EU brought out the 4th Anti-money Laundering law, one of the toughest laws in Europe. FBS abides by all the rules under the EU and is a member of ICF. This ensures retail clients are entitled to get reimbursement if their broker fails to pay because of financial issues.

Fee payable

FBS gets its revenue mainly from the spread of instruments. It is calculated in terms of the difference between the ask price and bid price. Further, the swap rates for holding a position overnight are also taken into account. As FB does not offer accounts for ECN, nor it does it collect a commission for trading. Spreads begin at the lowest level at 1.0 pip and rise according to the liquidity of the currency. For Muslim traders, the brokerage offers Islamic accounts. This is because Muslims are barred by religious norms from taking or accept interest.

Forex traders can take this sort of account. You can also check out the swap rates on the MT4 platform using these steps:

Right-click the symbol for desires and in the Market Watch window and choose symbols. Choose the currency of your choice and click ‘properties’ on the right. Scroll down to reach ‘Swap Long and ‘Swap short’.

Another benefit for forex traders is that they can use Calculator by FBS to know about the trade before starting. FBS does not charge traders for withdrawals or deposits and thus it reduces the total cost per unit of trade. For retail traders and institutional entities, this will be highly beneficial.

What can I deal with?
FBS offers a small collection of sets comprising 28 currency pairs and two metals. The specifications in the contract differ for applicants applying for the Cent Account and the Standards Account. The overall groups should be taken as just a minimum or and is not sufficient for professional clients.

It’s not in the greater interest of traders when there is a lack of adequate currency pairs and metals. It’s also important to note that FBs lack CFDs on indexes and equity and cryptocurrencies. Of course, it offers the minimum, for a forex trading account, real diversification cannot happen. This makes it unfit for traders who are looking for opportunities in trading across assets.

Types of accounts

FBS offers services in serving trading account. Under its scheme, it offers two sorts of accounts, namely the Standard account and the Cent Account. The principal difference between the two is the minimum deposit. The minimum deposit starts at one $/€10 for Cent account and one at $/€100 for Standard accounts.FBS standard account minimum deposit is $100.

The minimum spread in both floating one and starting 1.0 pip and the maximum is 1:30.

The Cent account also offers a maximum amount of order o five standard lots (one standard lot is equal to 100,000 units. In this, Under the situation, the /standard Account sees a sport in units to 500 standards.

The maximum number of pending or open positions is fixed at 200 at a starting speed of 0.3 seconds.

Fbs Islamic account
Muslim traders in the forex industry are prohibited to receive or pay interest so to make trading ethical and provide equal opportunities to all clients, FBS offers the Swap Free account – Fbs Islamic account. When the swap-free account is activated, there is no swap or rollover on overnight positions.

Cent account defined

The Cent account is primarily a starting level account for new forex traders. To start with, you can go with micro-deposits and best suits to create and test new strategies. However, they are hardly relevant as the Standard Account has a fairly small deposit requirement.

Note that FBS does not provide any special trading conditions to traders even if they have a higher balance or more often trading with FBS. This is as well not in the greater interest of the FBS nor the forex traders.

What are the trading platforms?

FBS offers services that can be done on the MT4 platform for Apple, Windows, macOS, Apple iOS, Android, and FBS Web trader. MT4 is the most widely used trading platform used by forex traders. however, FBS does not endeavor to offer traders exclusive – something not included in the standard license for the MT4 trading platform.

In many cases, forex brokers offer to pay the license fee and obtain their trading platform with the aid of partnerships of a White Label via another forex broker at a small fraction of the cost.

The most often choice made by new traders is social trading or copy trading. They remain truant as FBS has to abide by its minimalistic approach. It offers just the minimum to stay operational as a forex firm. The features listed are part of the MT4 trading platform and it should not be credited to what FBS offers.

Salient features

Thought the features are not unique because FBS does not operate vigorously out their normal operating procedure. However, whatever FBS does is of high-quality, which is reflective in the numerous awards and recognitions.

These include research including publishing and telecasting in-depth news coverage and offer relevant information. These are extremely beneficial for entry-level traders. It covers in-depth news in forex markets, analysis of the daily market, webinars on forex, lessons in video format. All this makes FBS a great platform to learn, stay informed, and updated.

High-quality customer support

The customer support service operates round the clock and is highly responsive in just 30 seconds,. The customer support is available in diverse languages.
FBS services are most commonly used in the context of Asian Forex. This is a unique aspect as it correlates the location of each FBS service. FBS services are commonly located in countries such as Malaysia, Jordan, Philippines, Indonesia, and Russia. These countries actively participate in FBS services. FBS accounts feature unique aspect such as minimum deposits, maximum leverage, different types of accounts as well as ECN accounts offers. The services from this platform can be applied effectively in many different areas. This is very important as it contributes to the overall success in a certain time frame. FBS services are best analyzed through their use in the Asian Forex Market. The Asian Forex Market helps FBS regulation and directly contributes to the level of investments conducted through the market.

Traders may choose the ENC account over the zero standards as a pet compared to SBS regulations. PNC account directly correlates the demand of time and space use in order to complete transactions. Transactions can be completed easily and without hassle. When transactions are completed using the EMC method to eat and forks market does not continue to excel. When the Asian Forks market is using an XL one of the best ways is to ensure it is brought to the attention of those around. Some of the most important Asian for ice markets can be with China or Japan. These markets are well developed and have been consistently a product of investment over the past decade these industries have bloomed as a result of agricultural and other commercial licensing programs there are many commercial licensing programs available and in the Asian Forex market most common licensing programs available in the Asian forex Machina for the Japan and China trade. Depend trying to trade it some of the best markets to have as a result of their unique and satisfying structure the structure of the Asian for tomorrow Some of the best in the country. For the most part, there are many different types of markers that can be used in Asia. Some of the most important market analytical strategies are The can determine what type of markets are used in and out of the state. When markets are used in and out of the state the FBS as a say over which has a market to use within the state lines. There are many different currencies they can be traded example when their currency trading in USD there a certain level that must be maintained. When currently treating you

Currencies can help develop and for the skill sets. When the currencies help to develop and for the skill set, there are many different aspects that can help. Currencies are one part of trading Forex but there are many other aspects of trading Forex. FBS is one of the best trading currency is available on the market is it directly correlates to the retreat is interactive platform. Non-reputable try traders will not be included in the mark and if you’re not making their way to the best of the platform non-reputable traders are not allowed to complete the process in a way that they. Some of the other aspects of If it’ll market include those that may include certain aspects. When these marketing Lutheran aspects there are many different things that can be done in a certain amount of time.

Conclusion

A well-governed, regulated and managed forex brokerage can win the trust of their traders because traders can be assured of the minimum guarantee that their money is safe with the agency. FBS could be among the best in forex markets and worth trying to enter the business.
Most important thing is that FBS is a regulated broker and safe.

Hotforex South Africa Review

by Fxigor

The Hoforex is one of the famous highly recommended regulated brokers. Therefore, in this article, we will present the Hotforex branch review – Hotforex South Africa. It is noted that Hotforex is under the regulation of FSCA, which means that it is a Forex broker that is regulated. The good news is that Hotforex is under double regulation in essence as a result of being regulated by the FSCA, which was already mentioned, as well as by the FCA which is located in the UK.

Many traders are highly impressed with the trading fee which is quite low. There are zero deposit charges and zero withdrawal charges. In addition, there is the implementation of a one hundred percent bonus.

It is really up to you to decide whether you will engage in using Hotforex. But this broker is noted as being reputable as a result of its ongoing honesty, its openness and its well-known transparency that is demonstrated with integrity. The maximum leverage is set at a rate of 1:1000 for each trade. There is only a small deposit required for five dollars. This trading broker was ranked as being number one among fourteen other brokers who deal in Forex.

Hotforex is a broker that deals in Forex as well as commodities. This broker provides service to traders from about two hundred nations across the world. This broker is deeply regulated and boasts over 1.3 million accounts that are both live and registered.

This broker was formed in the year of 2010 with the proposed objective to grant clients trading conditions that are superior. This company has experienced much growth at an impressively fast pace due to the fact that it promotes a culture that is centered around pleasing its customers and meeting their needs.

It is interesting to realize that this company has been honored with winning over twenty awards at the international level in accordance with its best practices within the industry of trading. It offers client support in twenty-seven various languages and it has made a strong presence on a global scale. It is, moreover, well renowned as a result of offering spreads that are considered to be tight.

This platform provides the opportunity to engage in trading a wide spectrum of trading elements and it is noted that it possesses an execution rate that is deemed as being fast and reliable. It is trusted due to being regulated by institutions that have a good reputation on a global scale and it is also regulated in South Africa. With this being the case, this broker is permitted to function under the authority of the regulations that are sanctioned by the Financial Sector Conduct Authority within the nation of South Africa. This is referred to in the abbreviated form as the FSCA.

As such, it does seem to be fairly safe to engage in trading via the usage of the Hotforex platform. The funds are backed with insurance. If there are any occurrences of omissions, errors, fraud, negligence or other sorts of risks that could result in the loss of finances to the clients, these issues are all under coverage by the provision of an insurance program by up to as much as five million euros.

There is the segregation of funds. If there happens to be the occurrence of default by Hotforex, the company is not allowed to engage in the usage of the funds of clients due to the fact that the funds of clients undergo segregation to keep them apart from the expenses of operation pertaining to the company.

This broker possesses accounts with key major banks. It is well recognized that Hotforex is known as a brand that is international. Because of this reality and due to its strong connections to banks that are repeatable on a global scale, these elements empower this broker to be able to engage in the provision of liquidity at a high level.

When one is engaging in the world of trading, it is undeniable that it is of utmost importance to engage in the consideration of fees. Every time that the trader conducts some type of transaction, the broker will apply a fee. Therefore, it is valuable to examine the various fees.

Take into consideration, for instance, the company offers a spread that is lower in relation to a zero account. It is noted that the spread is the amount of money that the broker is paid by the trader whenever the trader conducts a trade. It is imperative for the broker to engage in offering a spread that is low. Otherwise, the reality is that the costs of the fees for the trader will dramatically increase.

One of the impressive qualities of the Hotforex is the fact that it grants the provision of spreads that are regarded as being the lowest when compared to those granted by other brokers that are regulated. In correlation to a currency combination such as EUR/USD, it is realized that the spread possesses a benchmark of about 0.3 pips pertaining to a zero account. If an account is premium or micro, then the spread is set at a maximum rate of 1.3 pips.

Hotforex trading instruments:

In terms of commissions, the company is transparent in this regard. The charge for the commission by this company pertaining to a zero account is in the amount of three dollars which is noted as being one and a half dollars to conduct the opening of trade and one and a half dollars to conduct the closing of trade for major currency combinations. On the other hand, it is realized that the charge for commissions when it comes to standard currency combinations is four dollars.

Then when it comes to the rollover fees for securing positions overnight, these fees are regarded as the interest that is paid or earned due to the fact of maintaining the holding of your position for the overnight period. In the world of Forex, the calculation of the rollover entails the difference in the interest rates pertaining to both sources of currency. Though the fee for the rollover is not much, traders who engage in long term trading efforts should be careful to take into consideration the differential of the interest due to the fact that the fees of the rollover could become costly for an extended period of time.

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