Best Online Forex Trading Brokers and Platform in Philippines

by Fxigor

In the last decade Forex trading has become increasingly popular in the Philippines and more people are trading in Forex from their home or office. Based on information available with experts in forex trading and information posted on forums, most of the Forex traders in Philippines prefer to trade in USD currency pairs, and some times currency pairs featuring the Japanese Yen. They also prefer to trade using the Metatrader 4 platform. While there are many Forex brokers, most of them are based outside the country and the best Forex Brokers in Philippines are discussed.

Hotforex platform – best forex trading platform in Philippines

Based on Google trends available data, it appears that Hotforex is the most popular Forex trading platform in Philippines. One of the reasons why it is very popular is the nice mobile platform features and Ipad trader, Though the minimum deposit required is higher at $50, it allows the members to trade in more than 47 currency pairs. All trades are executed quickly and customer support is available in the local language. In addition to Forex, members can trade in cryptocurrencies, commodities and stocks.

Regulation of Forex trading in Philippines

The main government financial organization is the Banco Sentral Philipinas (abbreviated as BSP) the central Bank of Philippines. In 2003, the government established the Securities and Exchange Commission (SEC) to regular the local financial markets and protect the local investors from financial fraud. They are issuing licenses to the local financial companies including brokers and traders. Trading of Forex in Philippines is regulated by the SEC, for Forex companies which are based in Philippines. However most of the Forex traders in Philippines are using reputed international brokers like eToro, XM.com, IQ option.

Legal issues and tips

Forex trading is legal in the Philippines, as long as the broker chosen is regulated and legal. Some of the Forex traders in the country are using a webtrader, and do not have to download anything to their computer or other devices for trading. Others are using tools like Metatrader 4 (this is most common and the best forex trading platform in Philippines), Metatrader 5 for computers offered by the top brokers and apps for Android, iOS phones. It is recommended that new traders start with a web trader and then use Metatrader, since the trader has to spend time learning to use it. More than 60% of the retail investors lose their money while trading Forex, hence traders should be careful and only invest the money they can afford to lose.

Top Philippines Forex Brokers 2019

There are a few excellent ways to ensure you are trading with the top forex brokers in the Philippines. The best way to ensure a successful trade on the forex market is to trade directly through international brokers. This is an important technique when creating desired results in terms of a return on investment. The international market provides ample opportunities, especially for countries that are less developed. The top brokers in the Philippines include FOREX.com, Interactive Brokers and FMCM.

The first tip when selecting the right broker is to understand the background of the forex market in the Philippines. For example, the Philippine Security and Exchange Commission issued an important notice about trading in the country. The advisory encouraged traders to do their research on reputable international traders. This is very important as it allows forex brokers in Philippines to understand the best ways to protect their investment. Forex trading has a unique component as a result of its exposure to the current news in the country of the trade. For example, a Japanese product release can influence the currency in the country. This is an important aspect to fully understanding how the market operates.

Brokers in the Philippines are able to take advantage of this knowledge and apply it to their investment to receive a high return. There are countless strategies and tips for brokers when trading on the forex market. Another method to selecting the best forex broker is to trade within a demo account. A demo account is also referred to as a virtual account. These types of accounts help brokers to experience what a real-life trading account is like in the Philippines. This helps brokers to therefore select the best brokers to trade with. This helps to build the broker’s understanding of the market. The market encourages brokers to test the waters before they begin official trades with domestic or foreign currencies.

FOREX.com is listed as the second the best brokers in the Philippines. The main reason for this is due to their international reputability and appeal. They offer the best trading services in the country and ensure traders are engaging in high-quality deals. Another top broker in the Philippines is Interactive Brokers. Interactive Brokers have been a top leader for the forex market specifically in the Philippines as well as the surrounding countries. They have been able to connect brokers with one another in order to create reputable transactions. Another top broker is FMCM (most clients use). FMCM is similar to FOREX.com and Interactive Brokers. They ensure high-quality trades for all users. This protect both brokers on either end of the deal. Therefore the risk for fraud is low.

When considering the best brokers to work with in the Philippines, it is important that the broker’s security and information is kept private. This ensures that the broker’s personal information is kept safe and secure during the transaction. The forex market is generally known to be a reputable and safe place to trade currencies. As a result these services are known as some of the top in the entire country.

Innovative BSP Regulated Brokers

The BSP is a financial bank in the Philippines. The BSP is known as the central bank for all financial endeavors in the country. BSP stands for Bangko Sentral ng Pilipinas. BSP regulated brokers are certified. The bank is responsible for ensuring market conditions are fair and abide by local regulations. There are specific regulations that pertain to the forex market. The role of the BSP is to confirm that brokers are licensed and the market is operating in accordance to regulations, There are many ways to select a reputable and certified broker in the Philippines. The Philippines is known as a developing forex market.

For this reason extra regulations and measures are put in place to ensure the developing market is being transparent about all transactions.The best advice for selecting a top forex broker in the Philippines is to use the same techniques for finding a broker in other countries. For example, when looking for the top forex broker in any market, traders should always use caution and research on their own. By researching the reputability of a source, you are more likely to have a positive and pleasant experience. In terms of background information, the BSP was initiated during 2003. BSP exchange rates are specially determined by market reforms. Market reforms encourage competitiveness and financial growth. This is very important as it keeps the market busy.

Brokers regulated by the BSP are required to follow very strict rules. Some examples of these rules include how much they can trade and the conditions of foreign currencies. Not all of the rules prescribed by the BSP apply for forex brokers. Therefore it is very important for forex brokers in the Philippines to research which rules apply specifically to them. This will enable brokers to trade with a better understanding of how the market works. This can avoid future issues and ensure that each broker is successful in their forex trades.

In certain countries that lack a strong government, the financial market can plummet as well. For this reason it is very important for developing countries similar to the Philippines to employ services like the BSP. This will ensure that each and every trader and broker has access to a safe and transparent market. It is very important to spend time researching brokers before making a hasty decision. For example, taking a a few extra days to research a broker is worth it. If a trader works with a broker before understanding all of their credentials, they can be subject to a loss.

Therefore conducting proper research prior to engaging in any trades is well worth it. There are many reputable online sources that will confirm or deny if a particular broker is reputable. This helps to save time when seeking access to the highest-quality information. Asking about the broker’s KYC procedures are important when determining their reputability. Selecting a BSP licensed broker can significantly boost the chances of success. It is very important for brokers to pass identification procedures in the verification process for ultimate success and reputability.

If you from Philippines – choose regulated broker and trade !

Best Forex Brokers in Middle East

by Fxigor

Forex brokers in Middle-East

When we talk about forex brokerage and trading, we often refer to the western countries. However, there are many countries apart from Europe, North America, Singapore and others where there is a matured and well-developed forex markets. MENA or Middle East and North African countries are also catching up quite fast in this area. Today, MENA is considered as one of the most favored business and trade destinations in the world.

Because of its oil reserves, its role and importance is extremely vital and critical. Further it also is one of the most important global currency exchange hubs in the world. It is therefore not very surprising to note that some of the strongest, powerful and reputed forex brokers are either registered or incorporated in various MENA countries such as Kuwait, UAE, Israel, Tunisia and Lebanon.

If excellent broker wants to be Best Forex Brokers in Middle East than need to be top forex broker in UAE.

Top forex trading companies in Dubai and regulated forex brokers in UAE are :

Hotforex or HF Markets Forex Broker in Middle East

This regulated forex broker has Average Spread EUR/USD around 1.2 and excellent dashboard for all clients and fast deposit and withdrawal options. It has very good regulation worldwide and in UAE and in Europe, Canada etc. Verios platforms, mobile trading, minimum deposit $50 etc. are just part of great conditions that this forex and CFD broker has.

Avatrade Forex Broker in Middle East
This broker works from 2006. It has a lot of Islamic traders and excellent Islamic account conditions. This regulated broker offers spread from 1.3 pips for EURUSD and have fast deposit and withdrawal options.

XM Forex Broker in Middle East
The broker claims to be a specialist for Islamic trading. It means that it pays focus on trading in accordance with islamic law, which basically bans dealing with interest. Here it means that there is no swap interest for overnight positions.
XM offers Average Spread EUR/USD around 1.6 pips. It is FCA Authorised (UK) broker and regulated broker in Middle East. Minimum Initial Deposit is $5. XM has excellent support and desktop and web mobile platforms.

They are innovative and enterprising

It would also be pertinent to mention here that mean in MENA region have rich experience and expertise in trading, launching, investing and other innovative projects. Further, it would also be pertinent to mention here that the currency exchange activities in many of the MENA countries have, over the years, become an integral part of the business profile or the entire region. They are often considered to be the drivers, movers and shakers of forex business in this part of the world.

This perhaps explains the fact that a few MENA countries regularly attract some of the most famous and popular conferences and expos that are totally focused on Forex investment and other such commodity trading activities. Hence, if you are keen on associating with some of the best forex brokers in Middle East, you will not have much of a problem. Apart from crude oil exports, forex trading and real estate activities are quite strong and impressive in many of the middle-east countries. These events attract thousands of visitors from across the world. They include some of the most famous forex traders and brokers from various countries in the west and also from other parts of the world. Many of them use these expos, conferences and events as a meaningful launch platform for the new B2B contacts. This helps them to ensure that the projects get started quite easily especially in these MENA nations.

What makes them so very different?

Though there are thousands or forex brokers across the world, over the years, many brokers in the MENA countries have made a special place for themselves. This is because of their reputation for being safe and reliable brokers. Further, some of the countries in the middle-east also offer reliable and safe business destinations. They also provide comfortable business and trading conditions to all their clients. This includes both private traders and also large sized financial institutions.

There Are Many Traders

Once you have been able to gather some information and gain some knowledge about these forex brokers in the middle-east, you will be able to shortlist and then pick and choose the best based on their expertise, experience and other attributes. However, before taking a decision to do business with them, it would be prudent to take the required inputs and hire them only after going through the right due-diligence process.

HotForex Review – HotForex Forex Broker Bonus

by Fxigor

Introduction

Are you a newbie in forex trade? Unable to decide how to move ahead? Looking for a quality forex broker who could guide you according to your intellect and temperament apart from the amount of time and money you’re ready to invest? In such a case HotForex is the best option. We’ll discuss in this article HotForex review briefly.

You can join and register at Hotforex Register as European Union customers and Register as Customers outside European Union.

Special offer :

This forex broker offers 100% rescue bonus.
Hotforex offers 100% forex bonus. Full bonus amount withdrawal is possible under the right conditions. Using this bonus all live customers will get protection from Margin Calls and protection Stop Outs during Draw down periods.One of the new promotions is Increased Leverage for live accounts.

Traders outside EU can claim bonus:

European clients cannot receive Bonuses and apply for the PAMM account.

HotForex Review – HotForex Forex Broker Bonus
HotForex Broker Review
HotForex is a worldwide provider of online trading services, providing better service to all types of traders.
This Forex broker offers a 100% credit bonus, as well 30% rescue bonus.

Can we trust Hotforex – is it hotforex scam ?
HotForex is a global company that has its headquarters in Europe but it has sub-branches. It specializes in the provision of online forex services as well as contract for differences (CFDs), and it mainly deals with trade for commodities, bonds, cryptocurrencies such as Bitcoin, exchange traded funds and equities. This company has managed to have a lot of clients since the number of people who have live accounts with this company are more than 500,000. In addition, the company has over 200 employees in the whole world or in the counties where it has branches. The company has also managed to emerge winners of more than 200 industry awards since the day it was founded. It supports more than more 27 languages.
Hotforex has high reputation. HF Markets (SV) Ltd is registered in St. Vincent & the Grenadine as an International Broker Company with the registration number 22747 IBC 2015.This broker has more than 20 prizes and awards as one of the top brokers in the world.
Contact :
Business Addresses
HF Markets (SV) Ltd.
Suite 305,
Griffith Corporate Centre,
P.O. Box 1510, Beachmont
Kingstown,
St. Vincent and the Grenadines

Founded in 2010, HotForex has gained popularity among forex brokers (as well as affiliates). The most significant point that makes it worth consideration is the high-quality, timely customer support service. It’s this factor that the clients tend to stay with the broker.
Another important point you have to consider is the forex trader is regulated by diverse authorities. These include CySEC (Cyprus), FSC (Mauritius), FSB (South Africa).
This ensures transparency and stringent adherence to the laws as prescribed. All this is in the greater interest of customers and other stakeholders. Note that HotForex has offices in countries considered to be tax havens in the world. This may be an issue for traders hailing from Australia, the United States, India, etc. Traders in the United States are under the purview of CFTC and they must get the membership of NFA to be eligible to conduct business in the country.

Regulations and the security of funds.

Since the company is a retail broker, it has managed to offer trading conditions that are very attractive. This firm has allowed the clients to trade a wider range of instruments such as forex, spot metals and CFDs on indices, commodities and shares of popular companies such as Facebook, Apple and Google as well. This brand operates in different jurisdictions but the most reliable one is found in Europe, and its headquarters are in Cyprus, and it is registered under the European Union. Cyprus Securities and Exchange Commission is the body that has licensed this body. Its success has been contributed by tight and well-balanced regulation. Cyprus is a country with tough regulations, and firms that want to invest in this country have to consider high entry capital requirements as well as well as low capital maximum leverage. This has reduced competition from other potential firms. In addition, these firms are required to keep customer funds in segregated accounts, and they should not be mixed the company’s operating funds. This makes sure that customers’ funds are safe. In addition, companies that are regulated by Cyprus Securities and Exchange Commission have to be members of a body known as Investors Compensation Funds, and this body have the capability to pay up to 20,000 euros in case the company fails to. This firm has been given the authority to operate in South Africa and in Mauritius, and it hold investment licenses from these two countries.

How secure is it?

You will have a separate bank account. In these accounts, your funds will be held in accounts in different banks with assured protection against balance going negative. This as well ensures the continued safety of clients’ funds even though the broker is sold off.

Protection with insurance

HotForex has bought insurance to the extent of €5,000,000. This aims to protect the company against any adverse financial exigencies because of fraud, errors, or negligence.

Safe website
The official website is the forex broker is safe as it is protected with SSL (28-bit SSL ). By this, encryption of all the data happens and data are protected against unauthorized entities when being transmitted on the Internet.

HotForex Reliability

According to a big number of traders, brokers’ reliability is their biggest worry and concern. The worry is connected with the fact that there are a lot of online scam traders, and they cannot imagine losing their hard-earned money. A big number of traders are often care when investing with an online broker or platform. However, being reliable is not a concern for traders. This is by taking into consideration that the number of years this company has been in existence. In addition, it has managed to establish a good and respected reputation the online trading community. Winning more than 20 industry awards is an enough prove that this company has been performing well, and customers have a great faith in it, and they would like to invest with it. In addition, the company has managed to succeed in Cyprus, a country that has very tough and strict rules about investment. The company has more than 200 employees, and this also proves that the firm is ready to perform according to the expectations of the customers. Language is not a barrier since this company supports more than 27 languages, and this means that different traders can be served despite their language.

Is HotForex scam?

As we have mentioned elsewhere, HotForex is under the purview of various financial regulatory and supervisory organizations across countries like Cyprus, the UK, South Africa, and so on. Being under the scanner of such authorities, HotForex cannot survive as a scamster.

Investor compensation

Did you know that HotForex offers a scheme that entertains investors to get compensation?

HotForex offers investor compensation as the guidelines under the regulations of FCA and CySEC to the extent of GB £50,000 and €920,000 (Euros).

Trading Platform of Hotforex

This company has been supporting metatrade4 (download hotforex mt4 platform), which is a known international acclaimed trading terminal, and it offers a full spectrum of tools and resources of trading. It consists of; technical indicators that are built in, charting package that is advanced, expert advisors (EA) as well as their extensive back-testing options. On EAs, traders have two options. They can either download the ones that are readymade or create theirs, where program is allowed to do make perform all the duties in creating expert advisors, meaning that that there is no human involved in this. Traders who have invested with HotForex can access MT4 via a mobile app, a desktop app or a browser. In addition, this company provides traders with MT4 multi-terminal, thus providing a practical and convenient ways of managing several accounts simultaneously from a single interface. Since the company has the technique that allows traders to manage several accounts, it is an enough convenience guarantee, since they will not be logging in and out when managing different accounts.

HotForex MT4 Terminal provides a number of amazing logical resources. 9 time frames are available for each economical device that provides specific research of price characteristics.

Client Area for Hotforex clients :

Trading tools of HotForex
In this Hotforex Review we will present some interesting trading tools:

HotForex account types

Since the dream and the mission of this broker is to serve different needs of traders and make sure that these customers are happy, it has different types of accounts, and each account has unique characteristics.
For traders with a bit of experience, it is better if they invest under the premium and VIP accounts, since these account provide traders with an opportunity to open positions that are quite large and on tighter spreads. The minimum amount of money that a trader can deposit into these accounts is quite more than the one that is deposited in Micro accounts.

The following are the accounts that HotForex offers to its customers.
Types of account offered
HotForex offers Micro, Zero, Premium, Auto accounts.

The minimum deposit you can make is $5 with leverage 1:1000. The minimum investment for Auto account, Zero accounts is $200 with a highest leverage of 1:500. Spreads vary widely.

Micro account – You can access this account on the MT5 and MT4, mobile and WebTrader platforms.

Premium account – This account is ideal for professional trades and the platforms where you can access it are MT5, MT4, mobile and WebTrader. The amount of spread starts from 1 pip with a maximum leverage of 1:500.

Zero account – The zero account has spreads from 0 pips. You need to deposit not less than $200 and will have a highest leverage of 1:500.

You can access your Zero account on the MT4, mobile, and WebTrader platforms.

Islamic account – If you have an Islamic account, you need to pay swap or rollover fees for holding positions in these accounts. You can get it in the form of premium, Micro, Auto or Zero accounts.

Demo account – The demo account is provided to all traders wishing to test their strategies or experience under real market conditions. The opening capital is $100,000. Creating a demo account is pretty simple and easy. You just need to click the ‘demo’ button on the top right of the official website of HotForex.

Details :

For European Union clients.

• Premium account where a trader is required to deposit a minimum of 500 dollars. It has a 1:30 leverage, and it spreads from one pip.
• Zero account where a trader is required to deposit a minimum of 100 dollars. It has a leverage of 1:30, and it spreads from 0 pip.

• VIP account where a trader is required to deposits a minimum of 20,000 dollars. It has 1:30 leverage, and it spreads from 0.2 pips.
• Auto account where a trader is required to deposit a minimum of 500 dollars. It has 1: 30 leverage and it spreads from one pips.
• Follower account where a trader is required to deposit a minimum of 300 dollars. It has 1:30 leverage, and it spreads from 1 pip.
For clients outside the European Union.

• Micro account where a trader is required to deposit a minimum of 50 dollars. It has 1:1000 leverage, and it spreads from one pip.
• Premium account where a trader is required to deposit a minimum of 500 dollars. It has a 1:400 leverage, and it spreads from one pip.
• Zero account where a trader is required to deposit a minimum of 100 dollars. It has a leverage of 1:200, and it spreads from 0 pip.

• VIP account where a trader is required to deposits a minimum of 20,000 dollars. It has 1:300 leverage, and it spreads from 0.2 pips.
• Auto account where a trader is required to deposit a minimum of 500 dollars. It has 1: 400 leverage and it spreads from one pips.
• PAMM account where traders are required to deposit a minimum of 250 dollars. It has 1:300 leverage, and it spreads from I pip.
• Follower account where a trader is required to deposit a minimum of 100 dollars. It has 1:100 leverage, and it spreads from 1 pip.
Traders should be aware that clients from Europe can neither apply for PAMM accounts nor receive bonus.

HotForex trading of Cryptocurrencies

HotForex has been one of the platforms that provide trading facilities of cryptocurrencies since the invention of these currencies. This company has more several cryptocurrencies in its cryptocurrencies portfolio. Cryptocurrencies that this company is currently supporting are Bitcoin, Ethereum, Litecoin, Dashcoin Bitcoin and Ripple US dollar.

Trading of cryptocurrencies in this company involves the dealership of financial derivatives such as CFDs. A trader does not use cryptocurrencies to buy or sell goods. However, traders use CFDs that give them the opportunity to capitalize on the price movement of cryptocurrency.

The spreads and commissions of HotForex.

This company has both fixed and floating spreads. In the fixed ones, spread are comparatively low, accounting to average of 1.5 spreads. On floating spreads, they account to 1.2 pips, and this is relatively attractive. However, the conditions on the zero account are considered to be the most attractive, as it spreads from 0.1 pips, and this is according to us.

The Withdrawal and Deposit options at HotForex.

In case a client would like to deposit money on his or her account, he or she can use different methods of making payments. These methods include use of debit and credit cards such as Visa, Visa Electron, Maestro, MasterCard and American express. A trader can also use bank wire transfer and e-wallet methods of payment, and companies such as Skrill, Neteller, PayPal, WebMoney, TrustPay, iDeal, Sofort and western union offer e-wallet services. This is when a client wants to deposit. He or she transfer funds from his or her bank account, credit or debit account or e-wallet account, to the account of this company. When he or she wants to withdraw money from his or her HotForex account, he/she requests the amount needed and the account manager transfers the needed amount to the respective bank, credit or debit card, or e-wallet account, and this is according to customer’s preferences.

Promotions and bonuses for non EU countries
This broker has the best bonus. They include.
• 100 percent supercharged bonus which applies to each deposit of 250 dollars by premium, Currenex and Islamic holders of accounts with up to 50,000 dollars.
• 30 percent rescue bonus and it applies to a deposit of 7,000 dollars. Under any circumstance, the amount cannot be withdrawn.
• 100 percent credit bonus which applies on new deposits or internal transfer to accounts of trade of at least a 100 dollars.

Customer support.

Since this company supports more than 27 languages, any customer can get any kind of support and information ne needs, despite the language he is using. In addition, customers can communicate to the support anytime of the day and night, and from Monday to Friday, since the support team is always available, and they work in shifts. Traders can communicate with the support via emails, phone calls, fax, live chats, through social media sites including Facebook, Instagram and Twitter, and others. The best thing about the support of this company is that it has several phone lines, and this means that several traders can be attended to at the same time. Lastly, phone calls are not expensive.
Customer support is offered in diverse languages including English, Bengali, Arabic, Traditional Chinese, Simplified Chinese, German, French, Italian, Indonesian, Portuguese, Malay, Paris, Spanish, Russian, Thai, Italian, Greek, Korean and Vietnamese.

Social media presence.
Being on social media has become a daily routine for individuals and companies. A lot of communication takes place on these sites. This company has not been left behind. It is social media presence is very evident. On Facebook, this company has about one million followers, and most of them are active users. In addition, the page is always active, and it keep notifying its clients about the performance of the dollar in the forex market. This has remained a good channel to communicate with the clients as well as giving them the information, they need. This is an advantage to clients.

Education.
This company has a system that it uses to educate kits clients. It is known as HotForex education center. It offer e-course programs, and the aim of this center is to teach traders the simple terms of forex market, since clients need to be aware of the kind of business they should invest in. in addition, clients are taught the reasons why forex market exist. Clients will be notified about the incoming seminars and educational events via the resource center and website. Individuals with great knowledge in forex market are the ones who will teach the students. Live questions and answer sessions will be available during seminars.Visit Hotforex webinars .

Pros and cons.
This broker company has several pros. The first one is that the company is very well-regulated. One can rarely hear complaints from customers. The second one is that this company has low competitive spreads, and this means that customers have high chances of getting good returns. The other one is that the company has been giving its customer attractive bonus and promotions, unlike other companies who have high competitive spreads and little bonuses. The other one is that the MT4 is available in this company, thus giving the traders to manage more than one accounts simultaneously. Lastly, this company has the best customer support team that is always available, and it supports more than 27 languages. The company has only one con. The disadvantage of using this company is that there is no choice of trading platforms, thus denying the traders the freedom of choice.

Pros

Fast executionVery low spreads starting at 0 pipsAvailable in MobileMT4/MT5, WebTraderPrice requotes are not offeredHigh-quality customer support serviceNo desk for dealingSubject rules of regulators: CySEC, DFSA, FCA, and FSCA. Protection against negative balance

Cons

If you belong to the EU, you’re not entitled to bonuses.You can trade cryptocurrencies, you cannot own them.Forex is the main product.

A critical appraisal of HotForex

With its tagline Honesty, Openness and Transparency, HotForex has earned more than 350000 clients with services offered in as many 22 languages.

HotForex offers quality services in various pairs of currencies, binary options, and CFDs. The broker uses STP technology and leverages strong liquidity providers. By this, the broker can offer interbank dealing in forex for its retail customers.

Note that the broker does not offer services for US-based customers.

The forex broker offers quality customer support services. It offers round the clock support on trading days.

You can get a chance to deal with a wide range of trading instruments including, currency options, CFDs (on stocks), binary options, commodities, and indexes.

HotForex is an STP broker. So, the deals pressed are stringent thanks to the strong liquidity sources and you can start at just 0.2 pips.

The amount of leverage that traders get is 1000:1. The broker also offers promotional bonuses. You can use your debit card to quickly remove funds from your account.

On the official platform, as a trader you can connect with your peers, can talk to them. Making your social trading network wider is likely to open more opportunities.

On the whole, HotForex offers effective online brokerage for traders who use MT4 and MT5. Spreads earned on dealing are competitive and the broker accommodates traders with varying minimal deposit levels thus, giving all a chance. For Micro accounts, the broker offers high rates. The broker is committed to keeping a good rapport with their clients. And, separation of clients funds, SSL encryption technology, being under the radar of regulatory and supervisory bodies in various countries makes HotForex a great option to start your forex trading business with.

Hotforex autototrading system – PAMM system where experts trade for you (for non EU clients) :

As we can see in this video Hotforex PAMM system is excellent for traders that want that other traders trade for them. they manage ther own portfolio and if they make profit and investor will as well. So you can try new HotForex PAMM V2 platform which is excellent and you can very easy open in a minute either investor either PAMM manager account.

Conclusion.

Above all, this broker company is considered the best of the best, and it is determined to make sure that its clients are satisfied and more aware about forex and cryptocurrencies. It has been ensuring that this is possible by offering education to the clients who would as well as making sure that maximum spreads are very low. Its clients have access to desktops, browsers and smartphones, and this means that they are always aware of current situations. Those who would like to invest in forex market with this company have the opportunities of being educated before investing. Lastly, this company allows its clients to access several markets of finance including forex and indices. Invest with this company and you will never regret.

IMPORTANT INFORMATION
Hotforex has two different sites for European Union customers and Customers outside European Union.

Collective2 vs Zulutrade Social Forex Trading

by Fxigor

In this article we will try to compare two most important Social Forex trading platforms – Collective2 vs Zulutrade. Few years ago we wrote text about Zulutrade platform but now we need to compare with Collective2.

Before we analyze in detail this two platforms, see main facts :

And Collective2 and Zulutrade connect broker’s account with managers accounts and offers signals to traders (investors).
Zulutrade is free. They charge using spreads in brokerage account.
Collective2 costs around $100 (standard) flat monthly fee.
Most users on Zulutrade trade Forex and at Collective2 trade stocks, futures, forex.
Using Zulutrade trader can receive unlimited number of signal providers but using Collective2 only few.
Collective2 traders have average draw down below 10%. Zulutrade providers have huge draw down and do not care enough about money management.

Collective2 automated trading platform: is it reliable and scam-free?

Collective2 Social Forex Trading Signals Platform

Are you searching for a seamless and scam-free automated trading platform? If yes, then Collective2 can be a good recommendation for the traders like you! Needless to mention, it’s quite a reputed platform that has more than 19,000 active traders and the platform claims to use around 58,000 different strategies. Please note that this automated trading platform was launched in the year of 2001. The founder of Collective2 or C2 platform is none other than Matthew Klein who is quite famous and eminent in the arena of retail algorithmic trading space.

Also note, this platform works on the very same principle as other available social investment networks like ZuluTrade and etoro. As a trader, you will be asked to select and follow a system developer. Next, you need to allocate portions of your capitals that will be simply the copy/mirror trades of that developer. It’s up to you how much amount of money you decide to trade for mirroring. Based on your allocated traded amount and mirror trade value of the system operator, your final profit/gain will be calculated.

Understand the broker model of Collective2

Opening a trading account with C2 is an extremely simple and hassle-free process. It can be opened via C2’s broker partners. For example, C2 has partnerships with a wide majority of well-known broker partners like FXCM and NinjaTrader. Depending on the scheme of these broker partners, you may be offered lucrative incentives from time to time. But, please keep in mind that these incentives are solely provided by the broker partners. The C2 platform itself doesn’t offer any incentives to the clients for opening the trading accounts.

Rules and fees

C2 is nothing but an investment social network that’s loaded with plenty of automated and algorithmic trading strategies. The platform supports trading in Forex, stocks, and futures. It mainly focuses on the market of UK, US, and Asia.

To ensure adequate gain and profit, it’s absolutely important to pick and follow the right auto trading strategy. Your trade performance will be solely dependent on it.

As a subscriber, you need to first create a trading account with Collective2. Upon successful account creation, you can browse and search for profitable auto trading strategies. There isn’t a fee for opening an account with Collective2 or browsing through their trading strategies. However, once you’ve successfully found a right trading strategy and you are keen to follow that auto trading system, then a monthly charge of £75 will be deducted. Likewise, system operators who want to list their trading strategies for the subscribers to follow, they are also needed to pay the listing fee. The recommended minimum account deposit amount for Collective2 is £10,000.

Are there a mobile trading option for Collective2?

As of now, Collective2’s mobile app isn’t ready yet. However, the platform claims to launch its mobile trading app soon for the users.

Help and support

You can contact the company by dialing the helpline number i.e. 001 914 610 3979. Also, there’s an email id where you can email your concerns/queries to the customer support team i.e. help@collective2.com.

Zulutrade Review

Zulutrade is one of the ways you can achieve automated trading. It allows you to learn and implement skills used by experienced Forex traders. Additionally, you will be able to share and leave feedback. It allows you to copy the trades of the best traders which was the initial idea of Leon and Kosta in 2007. Within two years Zulutrade had gained popularity and people were able to mint money out of it. In 2014 the developers saw it fit to make some improvements in their website and introduce new features.By then it had 120 employees which were a good start. Additionally, they entered into a significant partnership with Spot option.In 2015 the company had become respected and legitimate. Read on this review and learn more.

Minimum Initial Deposit

Zulu trade offers you one of the lowest deposits.The minimum amount you can deposit is $1.It is convenient if you are a newbie right? Furthermore, you can sign up for free and acquaint yourself with their Demo simulation account. Gradually, you can make higher deposits once you are confident enough with using the platform.

Spreads And Commission

When you trade using the platform you will get to realize there is a normal spread which you will be charged though it can also be low when using Zulu trade brokers. However, some other brokers might charge you a commission for every trade that you make using the platform.

Buying and selling price differ between the traders especially during the period when there is high volatility. Time and the pair of currency can also influence this difference.

Leverage

Leverage can increase your earnings but you need to be careful if you haven’t mastered it well. This is because you might incur greater losses. Don’t be too hasty to use higher leverages because you are exposing yourself to greater risk. I would recommend that you use a leverage of 1:100 to be on the safe side.

Other Trading Fees

You might be asking yourself if you might incur additional fees when using Zulu Trade? Well, intraday traders are not charged but you can be charged for a swap fee or overnight rollover.

Trading Platform

How It Works

Zulutrade allows you to copy strategies of top-rated traders to your advantage. Besides the currently trade in Binary options, Forex, stocks and other commodities like oil.

Well, normally the user interface is divided into two; signal providers and followers. The followers can copy the strategies of signal providers of which their compensation is determined by how successful is their trading strategies.

Features

-lock trade-Once you receive a signal this feature allows you to verify your trading.

-calendar-It allows you to be updated with all key events in the financial market worldwide.

-Zuluguard-It is a protective feature that shields copy traders from risks that can result from malicious trades from those traders whom they are following.

-Automator-It gives you notifications through your email based on your customized rules.

-Social network features-this is a section where you can give your reviews or view feedback from other users.

-Margin call-o-meter-This gives an estimation on chances of your account running out of money.

-Cryptocurrency-It allows traders to make predictions on the cryptos

-Zuluscripts- It is an automation feature that allows you to create scripts which will enable you to execute more than one trade.

Well if you require a signal provider you can use Zulu rank calculation which is based on the age of signal provider, sharp ratio, trade activity, frequency of trader logs.

Zulu Trade Vs Competitors

Zulu trade has a lot more to offer than other systems. It allows you to receive margin calls notification for simulated trades. Besides, you have access to many traders worldwide which gives you a variety of options to copy from. It also allows you to assign a certain amount of money to signal trader that you want to follow up has been made easier since you can check your account performance any other time.

Mobile Apps

Zulutrade accommodated Android,iPhone and Windows apps. You can download from any version of the operating system and you are good to check for your account performance, look out for traders to copy or even close your trades.

Methods Of Payment

Methods of payment usually vary depending on your broker. Some of these methods include Zulu trade MasterCard, PayPal, and Bankwire transfer.

ZuluTrade Accounts

When you are fully set to open an account you will be presented with two options to choose from:

-Classic- If you are a pro this is for you. You will get access to voluminous commissions and customized trading.

-Profit sharing-This is suitable for newbies who are still learning by copying others to make their Trading.

Demo Account

When you visit Zulu trade page you can access demo account. All you need to do is to enter the required details and you are set to start learning from the advanced traders. When you have grasped adequate trading skills you can choose to open a live account.

How To Become A Signal Provider

Well everyone yearns to become a signal provider because if you are having a good number of followers you will be earnings significant commission. Therefore you can become one by using the following tips:-

1. Set up a good portfolio and explain your strategy

2. Trade with a live account

3. Be quick when responding to feedback about your strategy

4. Meet any necessary criteria

Additional Features

You can enjoy additional features on Zulu trade. This include profit calculator, margin calculator, economic calculator and you have access to news.

Safety and Security

Zuluguard is the ultimate protection feature that will protect you from erratic traders. It monitors trading behavior and if possible it removes any misbehaving trader to secure your income.

Regulation And Licence

Zulu trade is fully licensed and it complies with the EU. You can enjoy auto trading with minimal risks.

Benefits

The following are its benefits

1. It’s free

2. Variety of brokers to choose from

3. Many traders to copy and follow

4. Lower fees

5. Positive reviews from Forex

6. Ability to comment of signal provider page directly

Drawbacks

The following are the drawbacks

1. Signal providers may not be using live account hence you are at risk to lose your money

2. Signal providers are not vetted

3. Beginners have a Challenger in money management

Trading Hours

Trading is only limited to ZuluTrade trading hours. This runs from Sunday 22:00 UTC-Friday 22:00 UTC.

Contact And Customer Support

They have reliable customer support that is willing to attend to your issues at any time of the day. Their phone number can support up to 10 countries but you can still visit their website and file your claim.

Zulu Trade Verdict

This is a reliable company that is receiving massive traders worldwide. You don’t need external brokers to use the system because they offer brokerage services. It is user-friendly and you can take your time from coping others until you are fully set to begin trading.

The final verdict:

The main mission for Collective2 and Zulutrade is creating an automated trading platform for the users. In this comparison Collective2 vs Zulutrade, we saw good and bad things. My personal opinion that if you are forex trader and you need signal you can find few interesting on Zulutrade for free. IF you are stocks or futures trader – try Collective2. My recommendation is to always see what is average monthly return and what is max draw down and than to figure out is some system is suitable or not for you.

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/MiFIID. 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 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 in?
FBS offers a small collection of sets comprising 28 currency pair sand 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 professions clients.

It’s not in the greater interest of trader 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

FFBS 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.

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 0.3 seconds.

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 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 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 are 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 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 with the FBS services. FBS accounts features 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 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 for ex 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 The can determine what type of markets are use in and out of the state. When markets are use in and out of the state the FBS as a say over which have 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 levels 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 make 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 markets include those that may include certain aspects. When these marketing Lutheran aspect 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 regulated broker and safe.

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HotForex Reliability

Trading Platform of Hotforex

HotForex account types

HotForex trading of Cryptocurrencies

Customer support.

Conclusion.

Collective2 automated trading platform: is it reliable and scam-free?

Zulutrade Review

Efficient, Innovative and Reliable FBS Regulation

How is FBS regulated and is secure?

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