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Forex

Instaforex Review

InstaForex brings a solution from the world’s leading developers allowing you to perform trading facilitated through the largest counteragents providing direct access to the market.

InstaForex was established in 2007 with its headquarters in Limassol, Cyprus yet serves clients worldwide and at the moment number of traders who choose InstaForex exceeds 7 million, which is an impressive number.

General InstaForex priority is to provide a wide range of services while at any stage trader is rightfully treated. Along with the great technical solutions, one of the best trading conditions among the market offering and other advantages, the broker brings a personal approach to each client with comprehensive educational and customer support services

Account types

InstaForex offers a wide choice of trading account types, yet regardless of the jurisdiction, Standard and Eurica accounts are available.

On Standard account costs are fixed spreads of 3 pips on majors offered, while Eurica accounts offer zero spreads and inbuilt its costs into fixed commissions which are paid after a deal is closed. Which means, this way, the Bid price equals to the Ask price on Eurica accounts.

What is more, the European entity offers three additional account types: ECN, ECN Pro and Scalping. These accounts are characterized by Market execution and floating spreads starting from 0.8 pips , or in case you wish to trade through cents account and swap-free trading it is available too.

The cent account is made for small deposits starting from 1$

Payment Methods

InstaForex offers a great variety of methods for deposits and withdrawals, designed to provide their traders with something that works for just about anyone, anywhere in the world.

All the deposits are commission-free while fees for withdrawals can be charged by the payment processing system. The available payment methods include:

  • Bank cards
  • Bank wire transfers
  • MoneyBookers/Skrill
  • Neteller
  • Sofort
  • Bitcoin via Skrill
  • B2BinPay.

Regulation and Licensing

InstaForex is an international brand, and EU clients are serviced by the brand’s member Instant Trading EU Ltd. This company is incorporated in Cyprus and regulated by the CySEC, licence number 266/15.

So when opening an account with this broker, you can count on the best execution policy and negative balance protection.

Also note that this broker is a participant of the Investor Compensation Fund, so eligible clients can get a compensation of up to 20,000 EUR in case of insolvency. From a regulatory point of view, InstaForex ticks all the boxes.

Trading Platforms

Web Platform

The platform offering itself includes the most powerful currently available platform – MT4 and MT5 along with Multiterminal and compatibility with any device. InstaForex was among the first ones who offered MT5 platform to their clients, however still mainstays at MT4 since the platform offers various settlements with the ability to always monitor account activity and receive notifications.

Web Platform offering easy access via any internet browser, however for advanced analysis and drawing tools we would recommend installing desktop version.

Desktop Platform

Thus, InstaForex MetaTrader4 as an industry-leading program which enables online Forex, CFD or futures trading, and features everything needed for a trader to monitor the financial instruments or analyze markets technically.

Numerous trading tools bringing trading to another, more professional level, along with Free VPS hosting, an allowance to trade through any strategy either using EAs, scalping or hedging, also with solutions for Money Managers and through PAMM accounts and APIs.

Education

one of the cores in InstaForex businesses is to support traders with education and analytics designed by professionals where you will find not only education courses, videos, webinars and seminars but also comments and analysis provided on regular basis about the market situation.

This makes beginning traders feel very comfortable and supported, and of course, it is an essential part for trading success. Experienced traders also can enjoy materials and research tools provided and included into a trading platform or available online.

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Tickmill Review

Tickmill is a global forex and CFD broker, established in 2014. The company is regulated by several financial authorities globally, including the top-tier Financial Conduct Authority (FCA) in the United Kingdom

it has over 111,000 traders with more than 263,000 accounts. The company fulfilled in excess of 215 million trades, while the average monthly trading volume eclipsed $123 billion. This CFD broker employs over 150 staff members globally, executes its business model well, and strives to continually form partnerships that will improve trading conditions for its expanding client base.

Tickmill is considered safe because it is regulated by the top-tier FCA.

Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.

At Tickmill, you can trade only CFDs on forex, stock indices, commodities, and German government bonds. Popular asset classes, such as stocks, ETFs, mutual funds, bonds and options are missing.

Account Types

Traders may select between three distinct account types. The minimum deposit for the Classic account of $100 matches that of the Pro account, where assets are priced competitively for a commission of $4 per lot, making the Pro account the superior choice. Once the account balance exceeds $50,000, an upgrade to the VIP account is executed; the primary benefit in the VIP account is a reduction in the commission to $2. This broker does not charge a commission for index CFDs, oil, or bonds.

Tickmill Compliance & Regulation

Tickmill is regulated by the United Kingdom’s Financial Conduct Authority (FCA), the Cyprus Securities and Exchange Commission (CySEC), and the Seychelles Financial Services Authority (FSA).  Moreover, Tickmill is registered with BaFin in Germany, CONSOB in Italy, ACPR in France, and CNMV in Spain. To comply with licensing requirements, Tickmill must adhere to all the applicable Know Your Client (KYC) and Anti-Money Laundering (AML) checks.

Trading Platforms

MT4 Platform, WebTrader Platform, mobile trading platform

Deposits and Withdrawals

Tickmill supports bank wires, credit/debit cards, Skrill, Neteller, Sticpay, Fasapay, Unionpay, NganLuong, QIWI, and WebMoney. The minimum deposit and withdrawal amounts are $100 and $25

Tickmill has great educational content. You can learn through videos, demo accounts, and webinars. On the negative side, platform tutorial videos are not categorized.

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BDSwiss Review

BDSwiss is an international brokerage firm established in 2012 in Zurich, which fastly approached Markets and became one of the largest trading groups. The current clients’ base of BDSwiss counting more than a million clients from over 125 countries, as well as serving exclusive Member club that has more than 1 million traders.

Since the approach of the company establishment comes from Switzerland, its strong basis confirmed by the great environment company built. And ever since providing online trading services as a worldwide operating group with its headquarters in Switzerland and established offices including the US, Cyprus, Mauritius and Seychelles.

Leverage

known as a loan given by the broker to the trader enables you to trade through the multiplied volume that may raise your potential gains, yet in reverse increases high risks too. So firstly you should learn how to use tools smartly, also various regulatory standards and restrictions set a particular allowed level of leverage that is considered to be safe.

However, the opinions of authorities about “safe levels” are different, so make sure to verify under which regulation you will fall so that the level is defined correctly as well.

  • European clients can now use only a maximum leverage level 1:30 for Forex instruments
  • The global BDSwiss traders may be still entitled for a higher range of up to 1:500
  • US traders entitled for 1:40

For the most accurate data check on the official BDSwiss platform and verify its allowance with your residual status, also make sure to check each instrument separately as it varies according to the asset as well.

Account types

BDSwiss currently offers three main account types which are Classic, Vip and Raw, created to cater to the needs of different Forex traders through lower costs according to trading sizes and advanced services once size increase. While Classic and Vip account are based on spread only model, Raw account features interbank spreads and commission charge per lot.

BDSwiss also does offer a Forex or CFD “Demo Account”, that is free of capital risk environment allowing either to learn or practice strategies, check the trading conditions before the live account is active, which is very necessary for your better understanding.

In addition, every BDSwiss client is managed according to strict regulation broker adheres, while the account balance can’t fall below zero due to the applied negative balance protection.

Regulation and Security

From the About section on the company’s global website, it appears that the name BDSwiss was intended as an homage to the country (Switzerland) of one of the founding members. The EU website indicates that BDSwiss currently has holdings in Zug, Switzerland. As regards BDSwiss regulators, the primary regulator appears to be the Cyprus Securities and Exchange Commission (CySEC). The broker is fully compliant with the EU’s Financial Instruments Directive 2014/65/EU or MiFID II and the EU’s 5th Anti-Money Laundering Directive. Client deposits are protected under the Investor Compensation Fund (CIF), per EU Directive 2014/49/EU, up to a maximum of €20,000. Cross-border regulation across EU member countries applies.

BDSwiss LLC, is registered with the US National Futures Association. BDS Markets holds an Investment Dealer license issued by the Financial Services Commission of Mauritius. BDSwiss GmbH is a Tied Agent registered in Germany. The overall regulatory environment for BDSwiss is satisfactory.

BDSwiss indicates that its worldwide operating group has holdings in Switzerland.

Four regulatory jurisdictions create the framework under which this broker operates.

The primary regulatory agency is the Cyprus Securities and Exchange Commission.

also authorised and regulated as an Investment Dealerby the FSC Mauritius License No. C116016172

Deposit methods

The methods including a wide range of payment options yet may vary according to the country regulations and your residence so always good to verify this information with the support center as well.

  • credit cards
  • bank transfers
  • Sofortüberweisung
  • Skrill, iDEal, EPS, giropay, and many more

the minimum deposit required for you to start live trading is 100$

Withdrawals

BDSwiss arranges withdrawal quite democratically too, while the minimum withdrawal amount is $100, while in most cases the withdrawals processed free of charge. Yet in case you would like to withdraw less than the mentioned amount the broker may add on a fixed processing fee of 10$.

Trading Platforms

 MetaTrader4 and MetaTrader5, as well as the natively developed WebTrader and its multi-awarded mobile app that enables users to create an account, deposit, trade and withdraw all on their iOS or Android device

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AvaTrade Review

AVA Trade EU Ltd is a CFD and forex broker founded in 2006 that offers traders the possibility of speculating with a wide variety of financial instruments including forex, commodities, bonds, cryptocurrencies, stocks, and stock indexes, all covered by the platform’s CFD products.

What’s best about AvaTrade?

AvaTrade has many features that are appealing for both amateur and experienced traders including an easy and straightforward account opening process, a decent portfolio of CFDs products, a great trading platform, and the possibility of using third-party platforms such as Meta Trader.

Furthermore, this broker provides decent research tools for traders and they charge no withdrawal or deposit fees, which is particularly beneficial for traders with a small amount of available capital.

It is also possible to sign up for a demo account with AvaTrade to test its trading platform and interface before signing up and the minimum deposit required to open an AvaTrade account is fairly low

The company now has four offices around the world, located in Japan, Australia, Ireland, and the British Virgin Islands. As one of the largest and most respected online brokerages in the world, AvaTrade accepts clients from a huge range of regions, and accepts trading accounts in a variety of currencies.

The firm also recently announced a major partnership with English Premier League Champions Manchester City, underlining the brands growth and visibility.

Regulation & Reputation

AvaTrade is most definitely a reputable firm, being regulated by several authorities from around the world.

  • In Europe, the broker is regulated by the Central Bank of Ireland under license C53877.
  • In Australia, the broker is licensed by the ASIC under license 406684.
  • In Japan, the broker is licensed by the FSA under license 1662 and the FFA under license 1574.
  • In South Africa, the broker is licensed by the FSB under license 45984.

Avatrade are a broker, not market makers

Platforms & Tools

MT4, MT5, Ava TradeGo “Mobile APP.”

AvaTrade offers two proprietary platforms (AvaTrade WebTrader, AvaOptions), the full MetaTrader suite, ZuluTrade, and DupliTrade (accessible via WebTrader). Thanks to AvaTrade’s extensive offering of copy trading platform options, AvaTrade once again finished Best in Class for copy trading

MetaTrader vs. WebTrader: While MetaTrader offers nearly 800 tradeable symbols, WebTrader only provides around 200

AvaTrade WebTrader: I found the proprietary WebTrader platform to be well-designed in a responsive layout

Copy trading: AvaTrade’s steady progress in expanding and enhancing its copy trading offering has helped elevate it closer to industry leaders

Education

AvaTrade provides a rich array of educational content from its in-house staff, as well as from third-party providers such as SharpTrader. Overall, AvaTrade finished Best in Class in our 2020 review.

Articles: There are nearly 60 comprehensive articles in the beginner section, and 29 for advanced topics. For example, AvaTrade breaks down the most important economic indicators and explains how central bank announcements alongside financial news can move the markets.

Videos: Aside from some platform tutorials, there are at least 48 videos with good coverage of topics, such as a comprehensive video explaining what a Donchian channel is and how a trader can use it. AvaTrade also uploads multiple archived video webinars on its YouTube channel, helping to round-out its offering

Order types

  • Market order – this order is executed at the current market price of the security.
  • Limit order – a limit order sets a maximum price at which you are willing to buy the securities or a minimum price at which you are willing to sell the securities. The order will only be executed at the limit price or better.
  • Stop order – a stop order limits losses in case the market price falls below the stop price. The order will become a market order once that price is reached.
  • AvaProtect: AvaProtect is a type of order that serves as a sort of insurance policy against losses resulting from trading operations made during a certain time period. This type of order comes with an extra fee and all the losses resulting from the trade will be reimbursed to the trader as long as they occurred during the time frame covered by the order.

What is the minimum deposit for Avatrade?

An Avatrade account can be opened with $100 (or £100 or €100)

Deposit & Withdrawal

Deposits – AvaTrade offers their clients a variety of deposit options. Traders may fund their accounts with credit cards (VISA, MasterCard, debit), Bank Wire Transfers, and numerous forms of E-Wallets such as Paypal, Skrill, NETELLER and WebMoney. The minimum initial deposit for opening up an account is only $100.

Withdrawals – Traders can withdraw their funds via the same methods used for deposits. Withdrawal requests will take up to 5 business days to process. Once processed, withdrawals will be completed as soon as the methods allow them to be completed. The fastest method of withdrawal is by using the Ava Debit Mastercard, which traders can apply for once signed up for an account

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TIPS FOR TRADING Forex Currency Pairs

1-For Newbies, choose liquid currency pairs ex. the EUR/USD , analyze the fundamentals and the technicals 

2-Determining the appropriate leverage

 3-Put forex trading strategy After Practising on the Demo

4-Choose the best trading time frame . You can choose from swing-trading, day-trading or scalping .

5-See Forecasts on Popular Websites Like investing.com

6-Choose A regulated Good broker Or visit E-FinanceMart

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Japanese candlesticks

A Candlesticks represent the price movement on the chart by identifying four main price points1- Opening price2- Closing price3- The highest price during a specific period4- The lowest price during a specific period The Japanese candles are represented by a specific time periods starting from one minute, five minutes. Ten minutes, quarter hour, half hour, hour, four hours, day, week and monthSo if you choose Japanese candles, for example, on a one-day time frame, you find that one candle represents one day, and the previous candle represents the previous day, and so on. From the shape of the candle for a day you can know : the opening price of the day, the closing price of the day, the highest price reached through the day and finally The lowest price reached This applies to the rest of the time frames, so the time frame for one minute, mean that the one candle represents only one minute, and so on for the rest of the time frames.Japanese candles are the most popular and best way to read the price movement for ease of reading and analysis at any time and there are two forms of it , including:1- A bullish candle indicating an increase in the price during a specific time period2- A bearish candle indicates that the price has fallen over a certain period of time

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Forex Market Explained

The Forex is a market where you can trade on several Assests ex. currency markets such as the EUR/USD and energy markets such as oil and metals markets such as gold and silver, And stock markets such as Facebook and Apple stocks, Another markets such as sugar and coffee 

Simply trading in the Forex market is the process of buying or selling a commodity or currency or any of the markets that we explained

So, you analyze the market based on the data shown in front of you and you sell if you expect that the price of this commodity or currency will fall in the future and you buy if you expect that the price of this currency will rise in the future

The process of buying and selling is done by opening buy or sell Order, and you specify where and when these deals will be closed and can be closed with a profit or loss according to the validity of your expectation, and if you close with a profit, it is immediately added to your account, and if you close it at a loss, the amount is deducted from your account

Expectation is made by reading the chart and analyzing the current price movement and price movement in the past, because  the current price is affected by the past movements and this process is called technical analysis.

While expecting price movement by following the news affecting the currency itself or a specific pair is called the fundamental analysis.

Technical analysis is better than the Fundamental , but both should be combined

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Major currency pairs

The most traded currency pairs are listed below. They represent some of the world’s largest economies and are traded in high volumes. Higher volumes tend to lead to smaller spreads.

  • EUR/USD – Euro Dollar
  • USD/JPY – Dollar Yen
  • GBP/USD – Pound Dollar
  • USD/CHF – Dollar Swiss Franc
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