Global Prime Review

A leading Australian-based company, Global Prime is one of the most respected brokers emerging from Down Under. The company quickly rose to prominence thanks to their huge effort they’ve made in creating a fantastic trading experience for their customers. This particularly goes to customer support team, which is highly capable, responds quickly and won’t try to sell you anything, but merely help you with any potential problems. However, the broker has more interesting features that have played a significant role in its global success. That’s why we decided to give this company a more detailed look, which resulted in this Global Prime Review article. Here you can find everything you need to know about the brokers before you decide if you want to trade here or not. From account packages and trading platforms all the way to banking options, this review will give an unbiased opinion of this promising broker. So keep on reading and learn all the vital facts right now!

Global Prime Review | Logging in

Prior to actually commencing trades with the broker, you will be required to create a free trading account. The procedure is fairly simple, and we will analyze it as a sort of introduction to our Global Prime Review. You will be asked to provide some personal information, such as your full name, address, email, phone and such. You’ll also provide information about your previous trading experience, so that customer support team knows how much and which way to assist you. Upon filling the form and submitting it, a support team will review the credibility of given information. Also, due to the KYC policy implemented for the sake of regulation license, you’ll have to provide some personal documents – proofs of identity and residence, to be precise. Your government-issued ID or driver’s license may serve as a proof of identity, while utility bills and bank statements are considered as valid proofs of address. And that’s pretty much it – just be patient and wait for the approval, and you’ll be all set to begin your trading journey. Now, let’s see the features you’ll be able to experience upon signing up – read on!

Global Prime Login Page
Global Prime Login Page

Global Prime Review | Live and demo account

Since we have analyzed the simple registration procedure, this part of Global Prime Review will be dealing with features of both live and demo account. Live, also known as a real account is automatically opened the moment your application form is verified and approved. And it really packs some fantastic features. First of all, minimum deposit for opening the real trading account is set at 500 AUD but can be matched by any other supported currency. This includes USD, EUR, GBP, CAD, and SGD, but bear in mind that once selected, base currency cannot be changed later on. As for the account ownership, on the account creation page, users can choose among Sole, Proprietary and Company ownership. This means that a single trading account can be used by one person, several people or can be put under the jurisdiction of MAM. Standard leverage is set at 1:100, and can grow up to 1:200, while there is no negative balance protection implemented, as Global Prime tends to attract customers that are aware of their true possibilities and don’t want to risk more than they are ready to lose. Over 40 different currency pairs are available for trading with extremely low spreads thanks to the fully-transparent market providers. Minimum trade size is set at 0.01 lots for currencies and metals, while the fixed commission is 7 dollars per lot. You can choose whether you wish to pay the commission price separately, or simply have it incorporated in spread size. Finally, margin calls and stops are set at 120 and 100% respectively, giving you great trading conditions.

Global Prime Demo Account
Global Prime Demo Account

However, if you are a complete newbie in the world of Forex trading, the broker itself strongly suggests that you should start off by registering for a free demo account. This is because newcomers might find the whole concept of Forex market and trading a bit overwhelming, especially when trading with real money. Therefore, Global Prime offers a fully functional version of their live account, with the difference being virtual money instead of real one. That way, new clients can try out different strategies, learn the basic concepts of trading and get the grasp of the broker’s trading interface without the need of risking their own funds. Offering a demo account is still not the common practice among brokers, so we’re giving Global Prime a huge plus here. And that’s pretty much it when it comes to trading account – although the offer is quite basic, the superior quality of these products is out of the question. Now, let’s see if the same thing can be said for available banking methods. Stick around!

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Global Prime Review | Banking options

Another interesting feature we’ll be analyzing during this Global Prime Review article is definitely banking options. Deposits can be made via bank transfer, credit cards or through Neteller e-wallet. If you decide to deposit using bank transfer method, you won’t be charged a single dollar by the broker. However, based on the location of your residence, you might be a subject to some intermediary fees imposed by your bank, which are completely unrelated to Global Prime itself. On the broker’s website, you’ll find all the details needed for completing your wire transfer, with which we’ve had nothing but the pleasant experience so far. The same thing can be said for Neteller, a popular e-wallet solution used and accepted in more than 180 countries worldwide. Here, transactions are completely free and fast, without hidden fees, with daily deposit limit set at 500 AUD. Keep in mind that your Neteller account must be linked to your trading account and verified, which can be done in a matter of minutes.

Credit card transfers support Visa and Mastercard and are genuinely faster than transfers conducted via bank wire. Again, a credit card linked to your account must match the one you’re using for money transactions, and you should also check that your card is eligible to receive refunds in case of rejected deposit. There is a fixed 3.25% fee for all credit card transactions that are charged by card processing company affiliated with the broker. Maximum deposit amount is set at 10 thousand AUD, and keep in mind that, due to regulatory compliances, all withdrawals made using credit card must be sent to the same card used for deposits. All exceeding withdrawals, however, will be handled with bank wire method free of charge. As for the time required to process withdrawals, it varies depending on the chosen banking method. Neteller and credit card transactions are usually processed in a couple of hours, while bank transfers can take between 1 and 5 business days. For the purpose of this analysis, we’ve thoroughly tested all available methods with various supported currencies, and everything went down as smooth as it gets. Therefore, in terms of banking, you won’t be experiencing any issues with Global Prime. However, if you do happen to stumble upon a problem, you know who to contact. Read on and learn everything about the broker’s famous support team!

Global Prime Credit Card Funding
Global Prime Credit Card Funding

Global Prime Review | Support

With Global Prime, getting professional help regarding any of your issues or concerns has never been easier. This solid team is made up of highly-skilled trading professionals and experts with decades of experience in various markets. You can reach them 24 hours per day, 5 days per week, that is, when the global market is open. Each and every member of this numerous staff is properly educated and knows the solution to every possible problem you might encounter. You can reach out to them via email, contact form or using the fantastic embedded chat application. Also, you can give them a phone call, if you prefer that way of communication.

Global Prime Contact
Global Prime Contact

As for our experience with this team, it has been nothing but exceptionally positive. To test their responsiveness and professionalism, we have sent a series of various queries regarding various trading aspects and via different communication channels. Their response was always swift, explaining the process of reaching the solution in a step-by-step manner. Therefore, it’s safe to say that when trading here, you’ll have a fantastic team of experts guarding your back. But, even it is very important, the quality of customer support doesn’t mean that other key trading aspects work flawlessly as well. Read the next part of our Global Prime review and discover how reliable broker’s official trading interfaces are!

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Global Prime Review | Trading Platform

When it comes to the core trading interface, Global Prime decided to choose the most trusted platform in the world – MetaTrader 4. We have written about the interface numerous times before, but let’s once again stroll through the most important features. With millions of active traders, MetaTrader 4 is a cross-platform interface with a huge number of pre-installed tools, customizable interface and a vast library of helpful materials. It can be installed and run on any Windows-based computer, as well as on iOS and Android-based smartphones and tablets. Although Mac OS is not natively supported, you can install a Windows virtualization machine and run it on Mac computers as well, with the whole procedure described in details on the broker’s website. As for the technical aspect, here you’ll find over 30 different technical indicators to help you make correct predictions, including Bollinger bands, moving average, RSI and many more. There are also many trusted signal providers that enable you to copy trades of other successful traders, as well as the famous option for trading directly from the chart. Speaking of charts, they are fully customizable, with the support for multi-asset tracking if you want to get a detailed insight of them. Also, MetaTrader Market is a kind of educational library offering the biggest selection of trading robots, expert advisors and technical indicators in the world. Market news, advanced analytics and algorithmic trading options are present as well, making MetaTrader 4 the most used trading interface in the world. Download links for all supported platforms are provided on the broker’s website, so you’re free to choose your ideal one.

But the offer doesn’t quite end here, as there are some more specialized options present as well. For example, Global Prime offers a MAM/PAMM platforms to professional money managers. MAM or Multi Account Manager is a special iteration of MT4 platform meant to satisfy the needs of clients looking for a full flexibility while sub-allocating trades from one master account. Functioning as an add-on to the core platform, MAM account is ideal for traders managing several accounts who want the option to modify and trigger multiple trades for multiple accounts with just a single click. PAMM account, on the other hand, breaks down trades to underlying account based on their equity amount. This scheme is beneficial for both managers, who gain a percentage of profit from their clients’ successful trades, and for traders, who can experience high incomes when having their account managed by the experienced manager. Myfxbook AutoTrade option is present as well – being an automated trading social network, it enables you to find suitable, highly successful traders and mimic their trades completely. Here you don’t need to download any software, as the application is completely web-based and accessible from any device connected to the internet. Finally, FIX API protocol ensures swift, a real-time communication channel between client and liquidity provider, giving you the opportunity to use even the shortest chance of earning. As you can see, the broker has really made an extra effort while designing this offer, and we can honestly state that everyone will be able to find their favorites. Now, keep on reading the next part and learn about the legal side of the broker!

Global Prime Trading Platforms
Global Prime Trading Platforms

Global Prime Review | Legal and regulation

In order to give a true unbiased analysis, our Global Prime review wouldn’t be complete without taking a closer look at broker’s privacy and legal statements. Visiting the “Legal” section on the broker’s website will lead you to a variety of legal documents – financial services guide, privacy policy, product disclosure and account agreement. In accordance to their business philosophy, Global Prime tends to keep everything transparent and doesn’t hide a thing from their clients, which is a big plus. You can review all available documents prior to registering, but we can assure you that there is nothing to be worried about. After all, our Is Global Prime a Scam article has proven that fact.

Another rock-solid proof is the fact that Global Prime is fully regulated by official Australian regulatory body, ASIC. Being recognized and regulated by this authority means that Global Prime successfully implemented various policies to their businesses, such as KYC, anti-money-laundering, and identity theft protection. Furthermore, SSL encryption and other security measurements have been embedded as well, meaning that both your funds and personal information will remain intact in case of any hacker attacks. All in all, we can freely say that this broker can be completely trusted, and now it’s time to bring this extensive Global Prime review to its very end.

Global Prime Regulation
Global Prime Regulation

Global Prime Review | Conclusion

As you have surely noticed by reading different parts of our Global Prime review, all of them have something in common – fantastic results. Yes, Global Prime, one of the most recognized Australian-based brokerage companies, has surely created a unique and fantastic offer. Here you’ll be able to custom tailor your account and its key features, but if you’re completely new to the world of trading, you’ll be able to test the platform by opening a free demo account. The variety of available platforms is fantastic – whether you’re a single trader, a part of a bigger company or account manager, you can fully utilize all great features incorporated in legendary MetaTrader 4. Banking works flawlessly as well, and the quality of support team might be one of the best we’ve ever seen. Finally, the fact that this broker is fully registered and regulated just adds the final touch to already great impression. Therefore, we can say nothing more but to wholeheartedly recommend you start trading here. So go on, register your brand new trading account for free and start enjoying the fantastic experience!

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Is Global Prime a Scam?

Global Prime is a prominent Australian forex broker with headquarters in Sidney, as well as several offices for support and development throughout the world. Their philosophy is simple – bringing the top-notch trading environment to everyone, with customer satisfaction being of utmost importance. It’s no wonder that this broker has recently seen a mind-blowing jump in terms of popularity, due to their fantastic offer. However, although the general opinion about the broker is more than great, there are some features that are rarely mentioned or explained. In order to prove the company’s legitimacy, we’ve done a series of tests to discover if there is some suspicious behavior present. So keep on reading our article and discover is Global Prime a scam and should you be trading here!

Is Global Prime a Scam? | Fully Regulated

As we have stated numerous times before, the best way of checking if the company is legitimate or not is by searching for regulatory certificates. Unregulated brokers are not monitored by any governmental organization, and since they are free to do what they want with your money, it often gets stolen. Therefore, it is crucial to double-check if the company is being recognized and registered by governing regulatory body. Fortunately, Global Prime is a serious and professional company, fully licensed and registered by ASIC. In order to obtain a license, a company must provide proofs that it is capable of conducting its business operations, has enough equity capital to fulfill all requirements and abides to strict international policies. That being said, we strongly believe that Global Prime is a broker you can fully trust. However, before we reach our final verdict, we still have some check-ups to do, so do stick around and learn is Global Prime a scam when it comes to support!

Global Prime Regulation
Global Prime Regulation

Is Global Prime a Scam? | Customer Support

Apart from regulation, customer support is yet another feature that is known to unmask even the most sophisticated scammers. If the support team is unprofessional, takes too long to respond or, even worse, doesn’t respond at all, that is a huge red alert. However, that is not the case with Global Prime, since our experience with their support team has been nothing but extremely pleasant. Consisted of market experts with huge knowledge and experience, absolutely every problem you might stumble upon will surely be resolved in a matter of minutes. You can reach out to them by means of chat, e-mail or contact form, and they will respond swiftly. If you want to learn more about them, check our Global Prime Review, since we are about to wrap this analysis up.

Global Prime Contact
Global Prime Contact

Is Global Prime a Scam? | Conclusion

So, is Global Prime a scam? No, not at all. This is a completely legitimate company with many fantastic features that will truly delight you. Our analysis has proven that you won’t experience any suspicious behavior, withdrawal delays or ignorant customer service. Therefore, we can only wholeheartedly recommend this broker to you. Go on, open a free trading account and discover the ultimate trading experience!

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Is Berndale Capital a Scam?

When you’re trading forex, CFDs and other instruments that are tradable online, you can never have too much protection. An overwhelming number of companies is legit, but scam brokers have been known to appear, so a certain degree of caution is necessary. It’s always a good idea to check the broker you want to invest with. This is why we always do scam tests before recommending a broker.

In this article, we’ll talk about Berndale Capital. According to the research of the market, this is one of the most popular brokers in the industry. That’s why we decided to see if they’re indeed that legit. Read our honest analysis and see is Berndale a scam or a reliable broker.

Is Berndale Capital a Scam? | Regulation and Compliance

When you’re dealing with money – that is, if you’re a company that deals with finances – you have to be regulated by some national or international regulatory agency that’ll guarantee everything you do is legal. As we stated in our Berndale Capital Review 2017, this broker is under regulation of the Australian Securities and Investments Commission (ASIC). ASIC is a corporate, markets and financial services regulator that takes care of the country’s economic reputation, so you can be sure they’re doing their job properly.

Another proof this company is legit is the fact that Berndale is compliant with the Anti-Money Laundering and Counter-Terrorism Financing Act 2006. This means they are legally obligated to conduct their business in a transparent way, so you can be completely sure there won’t be any legal problems from their side. In the next part of this Is Berndale Capital a Scam? article, however, you can check out if you’re protected from malicious third-party influences, as well.

Berndale Capital Regulation
Berndale Capital Regulation

Is Berndale Capital a Scam? | Privacy Policy

As already mentioned, apart from the money, your private information is another thing brokers must protect. This is because you need to share that data with the broker if you want to trade: in order to even create an account you have to provide your address, telephone number, email address and (in some case) number of your credit card. That’s why you want to be completely sure that the broker really takes care of this information.

Berndale has to collect it for business purposes, but you can be completely positive that nothing will be shared with a third party. The broker is committed to the privacy obligations under the National Privacy Principles (Privacy Act 1998), so we can conclude that you have absolutely nothing to worry about. They use a 256-bit RapidSSL system for this, which is one of the most advanced encryption systems out there at the moment.

Is Berndale Capital a Scam? | Conclusion

Is Berndale Capital a Scam? Here are the most important facts. First of all, Berndale is a regulated brokerage company. They’re regulated by ASIC and they operate in accordance with the Anti-Money Laundering Act. They comply with the Privacy Act as well, so they keep both your money and your information safe. All in all, we are completely sure this company is perfectly legit and we can sincerely recommend opening an account with Berndale Capital. If you’re looking for a trustworthy trading partner, this is certainly it.

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Berndale Capital Review 2017

When you’re choosing your forex partner, you have to pick just the right one. When you’re investing money in a dynamic environment of the foreign exchange industry, you have to be 100% sure that your partner is completely reliable and that you will be provided with best trading services in the business. Anything worse than excellent would be a waste of time and money. That’s why we decided to introduce you to this global trading trendsetter. Berndale Capital is a forex brokerage company from Melbourne, Australia. The very instant the company entered the game, they set some new standards. Their team of financial and technical experts has developed what might become the next big story of forex trading. We have a comprehensive Berndale Capital review for you here, so read it and find out why this company is held in such high esteem.

Berndale Capital Review | Funding

If you want to invest some money, your first step (login) should be as simple as possible. As you well know, the very first thing you need to do is to open an account. In order to do so, you’ll have to register. Once you’re done with registration, you’ll choose the type of account you’d like to use. The process of registration is simple and fast. After you enter your personal information, such as name and date of birth, you can choose your account. By setting the investment bar that low Berndale makes trading affordable to anyone.

You can make your Berndale Capital deposit in various ways: available methods include credit cards (Visa, MasterCard, American Express), Skrill, FasaPay, Neteller and PayPal, but you can also use the old-fashioned way – bank wire. We tested every single one of these methods and we are happy to say that they work perfectly. Your funds will also be deposited very quickly, in a range from one hour (credit cards) to 48 hours (bank transfer). Depending on the way you deposit, there may also be a fee involved (1.95% for credit cards). Minimum Berndale Capital deposit is set to 25$, which is very acceptable in comparison to other forex brokers.

Berndale Capital Deposit Methods
Berndale Capital Deposit Methods

When it comes to Berndale Capital withdrawals, in order to provide you with the safest service possible, you’re required to fill out the withdrawal request form. Also, keep in mind that the withdrawal will be executed via the same method you used to deposit your money and no withdrawal fees will ever be charged by the broker (your bank may do so, though). There is no minimum withdrawal requirement.

The last thing we have to mention in this part of Berndale Capital review is safety. Actually, we won’t spend too many words on this subject. If you’re interested in a more detailed analysis of the broker’s security system, you can always check out our Is Berndale Capital a Scam? analysis. We have to mention, however, that the company is regulated by the Australian Securities and Investment Commission (ASIC) and we all know how important is to have a regulated broker on our side.

Once you complete your first deposit, you can start trading. Before you do, though, you will have to choose the account you’d like to use in trading. To check out the account options, just keep reading our Berndale Capital review!

Berndale Capital Review | Account Types

Every good broker should have a tendency to offer a diverse assortment of accounts. There are various kinds of traders: some are beginners, some professionals; some like to trade only every once in a while, others think of trading forex as a side job. Anyhow, we are glad that we can conclude that Berndale Capital has something for everyone.

Berndale Capital Account Types
Berndale Capital Account Types

Berndale has four account types which accept four different currencies: Australian dollars (AUD), American dollars (USD), British pounds (BPB) or euros (EUR). The leverage you can get with them goes up to 500:1, which is pretty commendable. We’ll start with the most basic account type called the STP (Straight Through Processing). With some brokers with this kind of account you get only an opportunity to trade, but with Berndale you get an opportunity to trade on a high level. For example, there are no commissions and you get your personal relationship manager. The second account is called STP Plus and requires only $50 as a deposit and comes with unmatched ECN (Electronic Communication Network) pricing. If you’re a big fan of ECN trading, though, you should consider becoming a holder of ECN Pro account ($2500), and if you want a brand new type of account management that includes customized commission structure, personal trade coach and private account liaison, you should contact the broker and apply for Institutional Grade Pricing service.

Next, we have to take a look at the trading platform this company uses, so stay with our Berndale Capital review to learn even more.

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Berndale Capital Review | Trading Platform

Some brokerage companies like to improvise with trading platforms, but there are also ones that like to play it safe and go classic. Berndale is among the latter and uses the trading platform that is now a standard in the industry and the most popular platform in the world of forex. We’re talking, of course, about MetaTrader 4 (MT4). Although released by MetaQuotes Software back in 2003, it’s still the best platform you can find on the market.

Berndale Capital MT4 platform is compatible with various operating systems – Windows, macOs, Linux, Android and iOS – and really is the most reliable platform we’ve ever tested. It may sound strange, but it’s actually considered better than the later model, MT5. It has no bugs, so you can always be sure that your trade will be processed in a right way. Furthermore, it has many interesting features that’ll definitely ease your first trading steps.

For example, MT4’s alerts and news will keep you informed on any issue that has to do with the forex market and trading in general. You’ll be fully aware of every possible impact on prices on the market, such as political shifts and business climate of certain countries. In addition, you can also use signals or rent a virtual server to operate your trading robot. All in all, there are numerous options you can explore here. But this is still not everything this broker has to offer. Although Berndale’s most important interest is providing services in trading forex, their trading platform also allows you to trade other instruments. In addition to selling and buying currency pairs, you can also trade CFDs, commodities and bonds, but what is particularly important to emphasize is that you can trade Bitcoin here, as well.

But even that is not all and more features are coming in the next paragraph of our Berndale Capital review.

Berndale Capital MT4
Berndale Capital MT4

Berndale Capital Review | App and Demo

Everyone knows that the forex market is extremely dynamic. And when we say extremely, we really do mean it. It’s the most liquid market in the world and there are thousands and thousands trades happening every second. Also, since the world has become a global village, pretty much anything can affect prices on the market. That’s why, if you want to be a really successful trader, you shouldn’t trade only when you’re sitting in front of your computer. You should trade more actively so that you don’t miss a thing.

With this company, dynamic trading is a must. Berndale Capital offers one of the best mobile apps in the industry, all completely free of any charges. That’s right; you don’t have to pay to trade whenever you want. With the Berndale app you’ll always have the right tools at your disposal, such as indicators and charts on your mobile device. We definitely think this is an opportunity you shouldn’t miss.

And since we’re talking about features you shouldn’t miss, it’d be foolish not to mention Berndale Capital demo account which allows you to practice in an extremely realistic environment. Without any investments you can experience real trading, develop your own trading strategy and get familiar with the trading platform in general. We think this is great both for beginners and experienced traders, and we advise you to open a demo account before opening a real one. With that, we have to switch to examining some other additional features. Stick around, Berndale Capital review has a lot more to offer!

Berndale Capital Review | Other Features

In forex trading (and online trading in general) speed is crucial. We can’t emphasize enough how important execution speed actually is. Let’s put it this way: if you trade on a platform that will process your every trade immediately, in less than a second, you’ll have much better chances to win. And you definitely can’t find a faster broker than this one.

Berndale Capital uses Fyrelink VPS, which is something that takes the speed of execution to a completely new level, guaranteeing you the fastest trades in the entire forex market. VPS stands for ‘Virtual Private Server’ and it significantly reduces dependence on the client’s hardware. By doing so, it minimizes the execution time of your trades, and the best thing is that almost anyone can install it.

Berndale Capital Webinars
Berndale Capital Webinars

Another cool service our Berndale Capital review has to mention in our analysis is Myfxbook, provider of an open forum where traders share ideas, strategies and trading experiences in general. On the forum you can choose between many different trading systems and access data for every system, so it can be quite helpful. Keep in mind, though, that the broker doesn’t offer this service for free: Myfxbook managers charge a small mark-up, which we actually consider quite a good deal for the service you’re getting.

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Berndale Capital Review | Education

If you’re a beginner in the foreign exchange industry, this paragraph might be extra valuable. At this point of Berndale Capital review, we need to discuss the ways you can learn all you need to know about forex. Another distinction between good and bad brokers can be found in the field of education, the good ones will always try to educate their clients, while the bad ones simply won’t care. And Berndale really does care about its traders.

First of all, Berndale Capital organizes webinars on a weekly basis. Every week the company’s head analyst hosts a webinar that’s completely interactive and modern. In other words, a professional will teach you how to deal with forex. Sounds good, right? Since it’s a real lecture, you can always ask if something isn’t clear or if you would like to learn more. Apart from that, every once in a while the broker will organize free forex workshops at their headquarters. There you can learn about many different forex-related things, like lot sizing or fundamental analysis.

On top of learning the most important things about trading, with Berndale you can always be completely informed on trading opportunities. Although there are signals on the trading platform, you can also check out Berndale Blog. There you can find the most important news releases and other interesting market-related information. The better you’re informed, the bigger chances you have!

Berndale Capital Education
Berndale Capital Education

Berndale Capital Review | Conclusion

There’s not much left to say at the end of this Berndale Capital review. It’s very simple to become a holder of their account and you’ll be done with both registration and deposit in a matter of minutes. As for the accounts, the company has some interesting options, but the most important one is that you can start trading with only $25!

When it comes to the trading platform, the broker provides you with the fastest trading platform there is. With their MT4 platform you will soon become a pro, especially if you take the advantage of their demo account. For extremely dynamic trading, you can download an application which is also completely free! You can choose if you want to trade forex, bonds, CFD’s or commodities, plus you have some other interesting options to choose from, such as Myfxbook.

All in all, we think Berndale is more than a capable broker. They really provide an excellent service and definitely set the bar quite high. Open an account with Berndale if you want a serious and professional company at your side, you can’t go wrong.

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Interactive Brokers Review

In our series of detailed reviews, we happened to stumble upon one of the most prominent US-based brokers. Interactive Brokers has recently celebrated its 40th year of successful operations since the company’s inception, which is extremely long in the turbulent and volatile global marketplace. Although the longevity of the company can’t be neglected, there are more important features which guarantee that trading with a specific company will bring your financial success. Therefore, we decided to thoroughly test this broker’s key features, and sum up our experience in this extensive Interactive Brokers review. It will cover various features – starting off with a brief overview of the company’s rich history, through account creation and trading principles, all the way to banking methods and education library. If you’re interested in commencing trading with one of the most respected brokers in Forex marketplace, keep on reading and learn all you need to know!

Interactive Brokers Review | Company History

Before we emerge more deeply into the analysis of this broker, we thought that the best introduction to this Interactive Brokers Review would be a brief overview of company’s history. The first iteration of the present company was established in 1977, under the name of T.P. & Co. It was a small company founded and owned by Thomas Petterfy, a trading innovator and early adopter of computer-aided trading interfaces. The company, later rebranded to Timer Hill Inc, was a pioneer in using handheld computers for trading in 1982. Also, in 1987, Petterfy also created a fully functional algorithmic trading system which was fully automated, in order to simplify the procedure before sending the order to a market. In 1994, an electronic brokerage company Interactive Brokers was created, and it exists in the very same form today. With headquarters in Greenwich, Connecticut, the company now has more than a thousand employees spread across a dozen of countries, including USA, UK, Australia, Russia, China and India. Executing almost a million of trades on a daily basis on over 100 global markets, and holding over 6 billion dollars of equity capital, Interactive Brokers is the largest Forex broker in US. Judging by its thrilling history and a number of innovations introduced by this broker, you should experience no troubles when trading here. However, let’s verify this statement by making a more detailed insight of the broker. Keep on reading our Interactive Brokers Review and learn a thing or two about creating a trading account!

Interactive Brokers History
Interactive Brokers History

Interactive Brokers Review | Account types

In order to start trading with this broker, you need to create a trading account that best suits your needs. Fortunately, Interactive Brokers has created what might be the biggest offer of available account packages we’ve ever seen! Although there are three main categories – trader and investor accounts, institution accounts and accounts for other services – the total number of different packages is 15. We will give a brief overview of all available packages, so stick around and learn which account type is perfect for you.

First group of trader/investor accounts has several subtypes – Individuals, Joint, Trust, IRA and UGMA/UTMA. Based on chosen type, account can be held by a single person, two people, or a joint as a registered legal entity. Also, if you’re an US citizen, you can open a retirement account, or control a trading account assigned to a minor until they reach adulthood. Depending on chosen account type, there are certain changes in holding, accessing and managing funds based on certain permissions given to specific parties. However, all these accounts, except for UGMA/UTMA, have trading margins available, including Cash, Reg T and Portfolio. Friends and Family Group account, on the other hand, supports up to 15 clients, with one governing advisor account having access to trading interface. Each client account has its own individual trading margin, though, making this ideal package for smaller groups of acquaintances who want to trade together. Family Office account is present as well, with master account linked to several client accounts that can directly trade and fund main account. Margins are present as well, with Family Office Manager being able to access all client account and functions, as well as make positions and equity allocations prior to trading. Finally, there is Small Business account for various corporations and LLCs that enables trading with the company’s own assets. As you can see, the offer is quite huge, so we believe that each trader will be able to find its own favorite.

Interactive Brokers Traders And Investors
Interactive Brokers Traders And Investors

As for institutional and other services, you have huge variety of options to choose from. Advisor accounts are designed for individuals and organizations providing management services for administration and money to their clients, with the option to add multiple tiers to the same account. Money Manager accounts are designed for individuals or companies hired by financial advisors to manage a portion of client’s money. It has only access to trading, with margins inherited from the parent Advisor account. Broker accounts can be fully disclosed, non-disclosed or omnibus, depending on the broker’s operations and services. There are other accounts present as well, such as Proprietary Trading Group account, Hedge and Mutual Fund accounts, Compliance Officers account, Administrators, Educator, Referrer and much more.

Interactive Brokers Corporate Accounts
Interactive Brokers Corporate Accounts

Wrapping up this part of Interactive Brokers Review, we can honestly state that this kind of offer is rarely seen. Fifteen completely different account packages are more than enough to cover trading needs of individuals, corporations, hedge funds and all other professionals in the industry. We are unavailable to find any resentment or fault regarding the quality of provided account packages. Therefore, it’s safe to say that this broker has made a strong foundation on proving its excellence. But before we make any further conclusions, let’s take a look at other key features, starting off with trading interfaces. Read on!

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Interactive Brokers Review | Trading Platforms

In the previous part of this Interactive Broker Review, we’ve seen that this broker has developed intriguing account solutions for all its target audience – individual traders, joint investors, trading experts and advisors and mediatory solutions for corporate trading. The same richness and quality is applied to trading interfaces as well – depending on your trading needs, you can choose among 6 different trading platforms, each with its own special features. We’ll give a brief overview of all of them, so stick around and discover which interface you’ll be using from now on!

Desktop Trader Workstation or TWS is the company’s flagship product designed for top-notch traders and brokerage companies trading massive volumes and demanding high-quality trading tools and research providers. The interface is fully customizable, enabling you to engage Mosaic mode to view all vital information on a single screen – placed trades, portfolio, watchlists, graphs, market news and much more. World-class information providers are included in the package as well, so you’ll be getting precious market info from Reuters, Dow Jones, Morningstar, Zacks and others. You’ll also get a whole package of risk management tools offered by the company, such as risk navigator, model navigator and option analytics that will help you carefully analyze your trades and minimize the risk output while keeping potential yield at high rates. Also, there is something called paper trading, which is basically the same as demo account – you can practice your skills and strategies in a simulated environment without risking your funds, but with full access to all platform features. Our experience with this Windows-only piece of software has been nothing but truly fantastic, and we can wholeheartedly recommend it to you regardless of your previous trading experience.

Interactive Brokers Trader Workstation
Interactive Brokers Trader Workstation

There is also a mobile version of TWS for Android and iOS-based devices. It has all the key features of a desktop version, making it ideal for traders who like to keep an eye on the market at all times. You can trade all instruments except for bonds and mutual funds, but you have the Smart Routing feature that finds the best price for selected instrument by searching on more than 100 worldwide marketplaces. You’ll also be able to access detailed market information, technical analysis, advanced charting, signals and custom alerts, so you will never miss a good chance to trade. We also have to mention IBot, a chat or voice-based interfaces suitable for newcomers, hands-free traders and professionals who prefer alternative ways of placing trades. It is an integral part of both mobile and desktop version of TWS, and it’s a pretty neat little app, so do give it a try.

Interactive Brokers Mobile App
Interactive Brokers Mobile App

WebTrader interface is perfect for traders who are looking for somewhat simpler and more understandable interface, but don’t want to give up on advanced trading tools. Built as a completely browser-based HTML application with firewall support, it features tabbed interface for easy navigation through various features. You can deploy trades with a single click, create spread orders, view summary of your account such as profit/loss ratio, equity, liquidation and much more, all in a great-looking, simple-to-use interface. Take advantage of superb market data providers and advanced, detailed charts designed in Flash to view price movements through a specific time frame, and use various trading tools to correctly predict the future movements. Market scanners, BookTrader, Contract Search, Portfolio News, custom interface – all these features are at your disposal with WebTrader application.

Finally, we still have to mention two somewhat different interfaces – API and QuickTrade. The company provides API solutions for companies and individuals that want to develop their own trading interfaces based on Interactive Brokers technology. You can choose from a variety of supported programming languages, or use the visual Excel-based API to develop your own trading platform. Connect to existing IB market data, add them to your own application, access your account features and status – all this, and much more, can be done by using these APIs. QuickTrade, on the other hand, is a small application designed for occasional traders that lets you quickly access your key account information and execute simple trades. Although it lacks any advanced features such as technical analysis or various indicators and trading tools, it’s a great way of making quick trades and review your current account balance from wherever you are. As you can see, this broker clearly knows how to delight customers of all types. By providing six different ways of accessing global marketplace, the company managed to satisfy both newcomers and professionals of all kinds. We have tested all of them, and we have nothing but words of praise for them. Now that we’ve reviewed all available trading interfaces, let’s see if this broker will be able to teach you valuable trading knowledge. Read the next part of our Interactive Brokers Review and learn all about available learning resources!

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Interactive Brokers Review | Education

In the previous two parts of our Interactive Brokers review, we’ve analyzed the broker’s offer regarding account types and various trading interfaces. We’ve seen that this company tends to create versatile and thrilling offers to all their customers, both individual and institutional. Now it’s time to see whether the same principles can be found in the design of educational center.

Traders’ University is the main feature here, a place where you can find virtually anything when it comes to learning resources. You can attend webinars on various topics, or access a library of recorded lectures containing all past webinars. All webinars are sorted by category, ranging from introductory topics and offered products to reporting and account management, so you can easily filter through vast library and search for the ones you find interesting. There is also a section of short videos, courses and tours meant to give you a brief overview of products offered by Interactive Brokers. Here you can find express tutorials on company’s proprietary trading interface, trading tools and account management. Also, you can inspect available trading instruments, learn a thing or two about basic trading concepts, learn how to properly use risk management features and much more. Courses and Tours section, on the other hand, will give you a deeper insight to platform basics and trading fundamentals. For instance, you can find courses explaining the basics of iOS mobile app, Forex marketplace, CFDs, technical analysis – virtually everything connected to basic trading principles. If you are a newcomer and like to learn through video lectures, you’ll love this section.

Interactive Brokers Education
Interactive Brokers Education

Documentation section contains user’s manuals for all trading interfaces and tools, as well as getting started guides for various account packages. Here you’ll also found FAQ sections for platforms and general trading, white papers for Portfolio Analyst feature, release notes of all important products and much more. Under Apps, Tools and Widgets section, you can download and embed various additional software, such as Options Calculator and Trader’s Calendar mobile apps, Option Strategies widget or Probability Lab tool. Finally, Trader’s Glossary will give you brief definitions of the most common terms in the world of trading. Just browse the alphabetically sorted terms, or use the search bar to find the one you’re interested into. And that’s pretty much it. All available materials provided by the broker are of highest quality, so you can trust the knowledge held here completely. Now let’s see if the customer support team follows the level of quality imposed by previously reviewed features. Keep on reading our Interactive Brokers Review and discover is there anyone competent enough to watch your back!

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Interactive Brokers Review | Customer Support

How to recognize a truly great and secure broker? Simple, by thoroughly testing the one feature overlooked by many – customer support. We have done the very thing with this broker’s support team, and we weren’t appalled by the results. Why? Because the team is of top quality, just as we expected them to be.

Support team can be contacted by various means. If you prefer phone calls, you can select one of available phone numbers depending on your location. There is a table showing working hours depending on your selected time zone, and a list of numbers for offices in 9 different countries – US, Canada, EU countries, Russia, Japan, Hong Kong, India, China and Australia. On the very same page, you’ll find the Quick Tips section, with pre-formulated answers to most common queries. Of course, you can always use the search field to look up your query. Chat room is available for registered users 24 hours a day. You can specify the desired chat room at the very start, and you’ll be taken to the selected room instantly, where you can browse existing discussions, engage in one or start your own. You can also contact them through email address or by submitting simple contact form containing your questions. Also, in the events where changes on your account require submission of certain personal documents, you can upload them, send them through postal service or by fax. As you can see, various contact options are at your disposal, all of them are working fantastically, so you’ll have no trouble speaking to support team at any time.

Interactive Brokers Contact
Interactive Brokers Contact

We should also mention that the company has a strong presence on various social channels – Facebook, LinkedIn, Twitter and YouTube. Updates are being posted regularly, with new offers popping out on a daily basis. You can also contact them through tweets and direct messages, which is a fantastic feature offered by only a few brokers. All in all, we are more than satisfied with the number and quality of communication channels. But before we wrap up this Interactive Brokers Review, there is still one feature that has to be analyzed. Read on!

Interactive Brokers Review | Debit MasterCard

Thanks to a partnership with MasterCard, Interactive Brokers offers a fantastic deal to their customers. With their branded Debit MasterCard, you can easily borrow, earn, invest and spend money however you want to. Borrowing against account is done with 1,41 to 2,66% annual percentage rate, which is lower than standard credit cards and personal loans. Also, lending your paid shares will get you interest of 0,66% on idle balances. You can spend against your account directly with this card wherever it’s accepted in the world, and you can directly invest into market instruments. Also, you can enjoy all sorts of benefits, like zero liability, ID theft protection and price protection, MasterCard global services and extended warranty. However, we must state that this ingenious offer is currently available for US citizens only, but there are strong indications that in the future, all Interactive Brokers clients will have the opportunity to grab their own card. Also, don’t worry about the security here, because our Is Interactive Brokers a Scam article has clearly proven the ultimate safety of all features of this broker. That being said, we believe it’s time to bring this Interactive Brokers Review to its end.

Interactive Brokers Debit Mastercard
Interactive Brokers Debit Mastercard

Interactive Brokers Review | Conclusion

At the very end of our Interactive Brokers review, we are happy to say that we’ve had an opportunity to thoroughly analyze one of the best brokers in the world. Since it is US-based, it has to abide strict regulatory policies, but since the company exists on the market for more than 40 years, it implicates that all required procedures are well implemented. Given the fact that the company gives services to both individuals and huge corporations, the fantastic diversity of available trading account packages comes as no surprise. Same thing can be said for various trading interfaces available for mobile devices, desktop computers or nested inside the web browser. A vast library of educational materials is full of high-quality resources, ranging from webinars and short tutorials all the way to comprehensive courses, so you can truly consider it your main source of knowledge. Finally, exquisite customer support and debit card offer perfectly round up the fantastic offer created by Interactive Brokers. Their potential and importance is recognized by one of the most reputable credit rating agencies Standards & Poors, giving the grade BBB+ to the Interactive Brokers LLC and making it desirable for investments. You don’t need any more proof, do you? Go ahead, open a free trading account with this broker and enjoy the fantastic trading experience from wherever you are!

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Is TeleTrade a Scam?

TeleTrade is one of the most prominent brokers on the global Forex market. It combines the knowledge of skilled employees in more than 12 global offices and over 20 years of a market presence to deliver breath-taking experience to loyal customers. Although positive reviews from all around speak for themselves, we simply had to make sure that there is absolutely no suspicious behavior connected to this broker. Therefore, we have made a series of tests and composed our scam report, where we clearly state the shocking results. So, is TeleTrade a scam or a completely legit broker? Read our honest article and learn if you should be trading here!

Is TeleTrade a Scam? | Regulation

As we have already stated numerous times before, regulation is the key feature of trusted and legit brokers. Regulation dictates how a broker can conduct its business, monitoring all suspicious behavior and protecting the clients’ assets at the same time. If the broker does not have any license, it is likely that its clients will be left penniless. Fortunately, this is not the case here. Being a well-respected broker with headquarters in Cyprus, TeleTrade has obtained a license under the number 158/11 issued by the country’s governing regulatory body, CySEC. The broker is also compliant to MiFID or Markets in Financial Instruments Directive. This is a law created by the European Union which provides synchronized regulation by governing authorities in all countries that are parts of European Economic Area. Therefore, apart from CySEC, TeleTrade is also regulated by 15 other agencies, including FMA, FCA, CONSOB and much more. This is a rock-solid proof of a broker’s legitimacy when it comes to conducting trades. But what about the security of clients’ funds? Can you trust this broker completely with your money? Read the next part of our Is TeleTrade a Scam article and find out!

TeleTrade Regulation
TeleTrade Regulation

Is TeleTrade a Scam? | Safety of Funds

As stated in our TeleTrade Review article, customer satisfaction is of utmost importance, and nothing should jeopardize your overall trading experience. This applies to the safety of your deposits and earnings as well. Due to strict regulatory policies, all funds belonging to clients are being held in segregated accounts with respectable global banks. This is mandatory since your money is not endangered if the brokerage company goes bankrupt. Also, by monitoring your overall balance, TeleTrade notifies you before investing in more trades if your losses are about to surpass your initial deposits. The broker is also a member of Investor Compensation Fund, which guarantees that your payouts will be processed even in the moment when broker’s liquidity is compromised. As you can see, TeleTrade is a truly safe broker, so you shouldn’t be afraid to trade here. And now, let’s bring this article to its end.

TeleTrade Safety Of Funds
TeleTrade Safety Of Funds

Is TeleTrade a Scam? | Conclusion

Still wondering is TeleTrade a scam or not? Don’t worry, based on our test results, we’re dealing with a perfectly safe and secure broker. It is fully regulated by several entities, and its powerful safety measurements will surely keep your funds and personal information intact. So what are you waiting for? Open a free account today and start enjoying in your winning trades!

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TeleTrade Review

With more than 20 years of experience in the global marketplace, TeleTrade is one of the most recognized and respected brands in the industry. It empowers clients to invest in a multitude of various trading instruments including stocks, Forex, CFDs, ETFs and such, on a highly sophisticated trading interface. Aside from that, it boasts some other interesting features such as Invest trading mode, rich educational library, advanced analytical tools and much more. But there is actually much more to this broker then it meets the eye, so we’ve decided to compose this extensive TeleTrade Review article. We are going to cover all sorts of topics, from broker recognition and regulation, through account opening procedure and various trading interfaces, all the way to customer support and knowledge base. Eager to discover whether you should trade with this renowned broker or find a more suitable trading companion? Keep on reading and discover is this broker really that good!

TeleTrade Review | Awards

Prior to taking a detailed look at the broker’s key features, we thought that the best introduction to this TeleTrade Review would be a quick overview of a broker’s recognition in the industry. Twenty years in the ever-changing market is a long time, and TeleTrade managed to withstand all turbulences, establishing itself as one of the market leaders. Therefore, a number of prizes TeleTrade received from industry experts really shouldn’t come as a surprise. The most recent one is from this year, for the best European Forex broker by Capital Finance International, a well-known and respected business and finance magazine. In 2015, TeleTrade won a total of three awards – for best European affiliate program by International Finance Magazine, and for best CFD trading and customer service by Global Banking and Finance Review. A list of earlier awards is huge, which is a solid proof that the broker continues to grow steadily every year. Receiving any type of award is a great achievement, but the biggest one is being recognized by prominent institutions from your own industry. Therefore, we strongly believe that TeleTrade will surely justify our high expectations. Or will it? Read the next part of our TeleTrade review and learn all about available account packages!

TeleTrade Awards
TeleTrade Awards

TeleTrade Review | Account Types

TeleTrade offers several account packages to their customers, each with its own unique features and perks. The final decision, however, depends on each trader’s preferences. Account types differ based on supported trading interface, spreads, commission amount, leverage and other key factors. We’ll examine all of available accounts individually, so stick around!

The first available account is named MT4 Standard. As the name suggests, it is tied to the MetaTrader trading interface, more precisely, to its fourth installment. We won’t write much about the platform right now, since we’ve got a special section just for available interfaces, but we’ll only state that this is currently the most popular platform in the world. Apart from a variety of available trading assets and high precision of quotations, it features leverage of 1:50 and higher, as well as floating spreads and Stop-Out level set at 20%. Instant trade execution is present as well with price guarantee feature, meaning that all trades will be executed with prices defined by user. This is a key factor of this account type, since it enables traders to precisely control their profits and transaction costs. Re-quotes are possible as well, as well as prolongation of execution time in the events of high market volatility. All in all, this is a great package for MT4 fans that demand fixed trading prices. MT4 NDD account is pretty similar to the already mentioned Standard type, but it adds commission of 0,007% and immediate market execution with best available prices. It is recommended for traders that are eager to take advantage of even the smallest price fluctuations, by utilizing superbly fast execution. Also, there is a Standard MT5 package that introduces brand-new MetaTrader 5 version of worldwide famous trading software. Apart from that, it also features 1:100 leverage, fixed spreads when volatility is too high, instant execution with guaranteed prices and requotes. This is a fantastic offer for fans of advanced MT5 interface, as well as for those who want fast executions with higher leverage rates and fixed prices without surprises.

TeleTrade Account Types
TeleTrade Account Types

We should also mention that there is a demo account present as well. It will grant you full access to all services provided by the broker, including learning courses and customer service, but without risking your own funds. Instead, it will provide you with virtual money that you can invest the same way you invest the real one. That way, you can learn and test new trading strategies for various trading instruments, as well as develop your own approaches to trading. All in all, in terms of account packages, we’re happy to state that TeleTrade truly did a fantastic job. Each type of trader will surely be able to pick his favorite account type. Now let’s move on to various trading platforms offered by the broker, so keep on reading our TeleTrade review and find out which platform to choose!

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TeleTrade Review | Trading Platforms

As a respectable broker, TeleTrade uses MetaTrader platforms to give its customers unforgettable trading experience. MetaTrader 4 and 5 are currently the most used and most popular trading platforms in the world. They feature highly advanced charting system with the ability to track multiple assets at once, impenetrable security systems, built-in trading and analytical tools and much more. On top of all of that, there is a lot of active users creating and distributing numerous educational resources meant to teach you both basic principles and advanced features of this fantastic interface. If you are looking for a perfectly stable and powerful trading platform that grows better with each published version, MetaTrader is your perfect companion.

TeleTrade has provided you with multiple ways of obtaining MetaTrader platforms, depending on your main trading devices. Owners of Mac computers can install the stand-alone desktop application using Wine, a simple software that creates a compatible environment on OS X for applications primarily meant to be used with Windows. The installation is swift and short-lasting, so you’ll be able to access markets in a matter of minutes. Windows users have multiple options – they can choose to install classic MT4 interface, MT4 Multiterminal for working with several demo and/or real trading accounts, as well as advanced MT5 interface. Detailed instructions and download links are provided on the broker’s website, so you shouldn’t experience any installation problems whatsoever, regardless of the chosen version. Mobile versions are present as well, both for Android and iOS devices. With these applications, you can trade on both demo and real accounts directly from charts, access real-time quotes and trading orders, as well as view full trading history. Both applications can be obtained directly from App Store and Google Play Store. There is also an online, browser-based version of the MetaTrader interface, based on MT4. It features various order execution types, customizable charts with the ability to track up to 9 assets at once, real-time asset quotes and basic analytical tools. You only need to be a registered client of TeleTrade to access web terminal.

TeleTrade Trading Platforms
TeleTrade Trading Platforms

As for the trading experience, it has been most exquisite regardless of the chosen platform and device. Everything works smoothly and without any problems, just as you should expect from a world-class brokerage company. Charts are immensely rich with various information, platform layout is well-designed and it’s easy to find your way around. You can also customize the layout to show only the things you need, and hide the rest if you want to. There are more than 30 different analysis tools that can help you predict future market changes if you know how to use them. But if you don’t, have no fear – education is next topic of our TeleTrade review, so keep on reading and discover just how much can you learn here!

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TeleTrade Review | Education

One of the truly unique features offered by TeleTrade is definitely educational methods. Rather than just publishing a variety of materials on the website, the company has created something completely different. With TeleTrade, you will be able to attend seminars in the company’s offices for free, or sign up for webinars if you wish to broaden your knowledge remotely or if you’re unable to reach the offices. And all that for free! Keep on reading our TeleTrade review and see if there is any catch to it.

As we have already stated, TeleTrade offers the unique office-based education. It is designed specifically for people who are able to come to the company’s office that are found in major European cities such as Budapest, Barcelona, Warszawa, Berlin and Rome. As this is the most effective way of learning, you’ll surely make progress quicker than with other online learning methods. You can choose if you want to learn in a group or individually, depending on your personal preferences. Group trainings are created for future traders that are born team players, eager to develop their skills in the company of fellow trainees. On the other hand, personal sessions are held by an experienced trading professional who is there to share his vast knowledge with you. Also, you’ll be getting a personal instructor which will be observing your progress without distraction of other clients. You can contact your instructor anytime and set the time for your session when it suits you best. However, if you’re unable to reach one of multiple company’s offices, you can still learn much by signing up to remote learning program. Here you’ll be participating in various webinars held on a weekly basis, with the same itinerary as in the office-based learning program. Regardless of the type of education you choose, you’ll surely learn a lot. Starting off with price analysis and prediction, trough best practices for achieving significant earnings, all the way to trading psychology and sentiment – all key aspect of trading are covered in full. There is also a series of practical classes where you’ll be introduced to MetaTrader interfaces. Here you’ll learn all about strategies, real-time trading, charts and orders by using your free demo account, granted to you upon registering the learning program. With 50 thousand virtual dollars on it, it will surely suffice for all your trading needs. As you can see, TeleTrade is really up for making a difference, since their revolutionary approach to education of clients will surely be copied by others. We have participated in a series of webinars and must state that all of them are of highest quality, so you’re good to go here. Now, let’s see if we can say the same for support team and regulatory policies!

TeleTrade Education
TeleTrade Education

TeleTrade Review | Support and regulation

Customer support is the feature where TeleTrade truly shines. Consisted of experienced traders, senior market analysts and customer success specialists, the team is always at your disposal through various communication channels. You can contact each office separately by sending them e-mail or calling them. Also, you can send your inquiry by using a contact form embedded on the website, or you can reach out by opening online chat application. Be advised that, even though European and CIS countries are the broker’s main places of interest, offices are scattered across the globe, including Mexico, South Africa, South Korea and Russia. With more than 200 member of the team, you’ll surely get your response swiftly, regardless of the way you’ve decided to contact them. Our experience with the team has been nothing but positive, so we can wholeheartedly recommend them to anyone. Whether you’ve been stuck on account opening, or simply don’t know how to execute a specific command in MetaTrader, just reach out to them and all your issues will be immediately solved.

TeleTrade Regulation
TeleTrade Regulation

As we have stated in our Is TeleTrade a Scam article, the broker is fully regulated and licensed in all EU countries and all across the globe. Recognized and licensed for brokerage services by CySEC, a leading Cyprus-based regulatory agency, the company is fully legitimate and able to freely conduct its business. Apart from CySEC, due to MiFID law applied to all members of the European Union, the broker is also licensed by numerous other agencies. These include HCMC from Greece, FCA from United Kingdom, FFSA from Germany and many others. Strict regulatory procedures are reflected on the broker’s overall security as well, in a most positive manner. All your sensitive data is encrypted and stored safely, with your funds being deposited in a segregated account at trusted European banks. That way, your money will stay intact even in the event of company’s insolvency. A truly fantastic broker, don’t you think? But you still haven’t seen the best feature! We’ve saved the best for the end – read the next part of our TeleTrade review and discover how you can significantly increase your earnings!

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TeleTrade Review | TeleTrade Invest

Whether you’re a newcomer to the world of Forex or an experienced trader, you will surely benefit from Invest feature. This is basically a platform enabling you to either provide your strategy to other traders, or to simply copy trades created by more successful traders. What does this mean?

Well, if you are a trader, it gives you the opportunity to significantly increase your earning by investing in someone else’s trades. You just browse through the list of skilled traders ranked by their successfulness in creating good trades, pick the ones you like the most and invest. You can filter traders by their yield in a certain time frame, ranging from one month to the very introduction of that strategy. Everything is done automatically, and you can cancel copytrading at any given moment, thus retaining complete control over your trading account. Of course, you can reactivate the copytrading feature at any time, without any penalties or issues – it is completely free. Although it is highly recommended for beginners who don’t have enough time to educate themselves properly, more experienced traders can benefit from Invest feature as well. For each successful trade you’ve created, if someone copied your trade and also ended up in the money, you’ll get a commission deposited to your account. The more successful you are, the more traders can follow you and, thus, the greater total sum of commissions you’ll get. As you can see, Invest feature is actually a win-win situation for both traders and investors. On one hand, choosing a good trader will help you earn money without doing a thing. On the other hand, if you’re a skilled trader, you can additionally capitalize on your knowledge and experience. A truly fantastic offer, and a great wrap-up for our TeleTrader review article.

TeleTrade Invest
TeleTrade Invest

TeleTrade Review | Conclusion

As we have witnessed throughout various parts of our TeleTrade review, this is a truly sensational global broker. All of the reviewed features were of highest standard, with some truly unique ones putting TeleTrade in a spotlight for many potential customers. Its quality of service has been long recognized by trading experts, a proof of which can be found in numerous awards collected over more than 20 years of the company’s existence. Traders have a wide selection of account packages to choose from, each of them having its own unique perks. The backbone of TeleTrade is MetaTrader software, a trusted platform used by many brokers globally. Apart from utilizing powerful technology that truly helps traders in predicting market changes correctly, it is also the most powerful platform in the world with thousands of active users and a ton of support documentation. An ingenious approach to classic educational materials in a form of face-to-face learning program is a huge plus, as well as the fact that the company is fully regulated by several respected authorities. Furthermore, fantastic support team consisted of more than 200 experts scattered across 30 offices worldwide will surely fix any potential issue in a matter of minutes. Finally, Invest feature is a great way of earning additional money, whether you’re an average trader or a complete professional.

To conclude, we are more than thrilled with this broker. Our experts haven’t been able to find any flaws or resentments with any of the analyzed features. Also, there is absolutely no sign of scam activity at all, meaning that trading with TeleTrade will surely bring you nothing but fantastic experience and great profits. So what are you waiting for? Go on, open a free trading account, enter the market and change your life completely – you’ll be thanking us later!

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Is TradeStation a Scam?

Trading stocks and commodities is becoming more and more popular. Almost every day you can find a new broker offering its services to clients from all over the world. Most of them are regular and legit brokers, but there are some who definitely aren’t. In this article we’ll write about a brokerage company called TradeStation. Thanks to the awards they won over the last couple of years, they’re quite popular among traders. That’s why we decided to test them in order to see if they’re really legit. Check out our “Is TradeStation a Scam?” article and learn all you need to know about this broker!

Is TradeStation a Scam? | Login and Data Security

The very first thing to be discussed in our Is TradeStation a Scam? analysis is the protection of clients’ data. As we all know, we live in a digital world, so it’s quite important to protect your data from those who would like to abuse them. In this case, TradeStation does the protection for you with several safety measures. First of all, you’re obligated to select a strong password when you open your account. Minimum strength requirements disable every possible unauthorized access. Moreover, when you try to log in from an unknown device, you’ll have to answer some security questions. Although this might seem silly, it’s quite important and really keeps you safe.

Also, as we’ve mentioned in our TradeStation Review 2017, TradeStation uses strong, extended verification security certificates (EV SSL). Having all that in mind, we can conclude that your data is completely safe with this broker. But to really show you that you don’t have to worry about is TradeStation a scam or a legit company, we dug deeper. The results are just below.

TradeStation Safety
TradeStation Safety

Is TradeStation a Scam? | Licenses

The most important thing you have to check when trying to deduce is a broker trustworthy or not is whether or not it has a license. TradeStation is a fully regulated broker and one of the biggest companies of this kind in the industry, so you can rest assured you will not encounter any frauds here. The broker is a member of the Financial Industry Regulatory Authority (FINRA), Securities Investor Protection Corporation (SIPC), and its London branch is licensed by the Financial Services Authority, a UK regulatory body, which allows this broker to freely operate on the European market. Apart from this, the company is also a member of several other reputable organizations, like the Chicago Stock Exchange, NASDAQ OMX, Boston Options Exchange and many others, so you can definitely see that you don’t have to worry about a thing. Is TradeStation a scam? No, they are as professional as brokers come!

TradeStation Home Page
TradeStation Home Page

Is TradeStation a Scam? | Conclusion

As you can see, TradeStation cares a lot about their clients. They made everything possible to protect the information and money of their clients, and you really want to have a broker like that at your side. On top of that, they are a member of some of the most reputable organizations in the world of finance and fully regulated on both sides of the Pond. Therefore, you can trust our firsthand “Is TradeStation a Scam?” analysis – open an account and start trading with them today!

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TradeStation Review 2017

TradeStation is one of the leading providers of online trading services in the entire world. It is a licensed broker-dealer with an excellent reputation among clients, and they’re well known for their trading platform and the use of latest technologies. According to Barron’s magazine, in March 2017 they had the highest rating for ‘Best for Frequent Traders’. Apart from that, they have won many awards: ‘Best Platform Technology’ (TradeStation Salutes Program, 2017), ‘Trading System – Futures (Technical Analysis of Stocks and Commodities, 2017), and in 2016 they were ranked one of America’s ‘Top Five’ online brokers (Investor’s Business Daily survey). With all that in mind, we decided to conduct an in-depth investigation of TradeStation. We tested all the most important aspects of their website, including their trading platform and mobile application, played a bit with platform customization, explored their education center and much more. In this extensive analysis, you’ll find literally everything you need to know about this company. Read our TradeStation review and see exactly what this top broker offers!

TradeStation Review | Accounts

TradeStation’s account offer differs a bit from other brokers’ offers. First of all, you can choose if you would like to open an Equities & Options account or a Futures account. Equity trading means that you buy and sell company stock shares. On the other hand, option is a contract that gives the buyer the possibility to buy and sell the underlying asset. Finally, futures carry an obligation to buy or sell an asset at a predetermined point in time. Keep in mind, though, that the futures markets have a very high TradeStation leverage when compared to stock markets.

In addition to the classification mentioned above, there’s another categorization of TradeStation account types. First of all, there’s the Individual account, a personal account in the name of the individual who is the account’s holder. Secondly, you have the Joint account that can be owned by two or more individuals. The third account type is the IRA (Individual Retirement Account) and these accounts are mostly made for U.S. taxpayers. For U.S. business entities, TradeStation has designed the Entity account with many different options: Corporate, General Partnership, Limited Partnership, Trust, Limited Liability Company and Sole Proprietorship. Finally, there is also the Custodial account – an individual account held by an adult for the benefit of a minor (available for equities only).

In the next paragraph of our TradeStation review, we’ll write about the ways you can fund all these accounts, so stay with us!

TradeStation Account Types
TradeStation Account Types

TradeStation Review | Deposit

TradeStation deposit is very simple and this procedure won’t take you more than a couple of minutes to complete. First of all, you have to create an account and that means you have to share certain information with the broker. This includes: your name, country of residence, phone number and e-mail address. After that, you’ll have to enter your username and password. In addition, you’ll have to answer to some additional security questions. As you can see, TradeStation really takes care of clients’ safety, so you don’t have to worry about someone abusing your personal information. Should you have any questions at all, don’t hesitate to contact the support team.

If you decide to open an Equities & Options account, you can choose between the following TradeStation deposit methods: wire transfer, check deposit and electronic transfer. If you decide to trade futures, you won’t be able to fund your account via electronic transfer. With wire transfer, your money is sent from your bank or brokerage account to your TradeStation account. You can also send a check via US Mail, overnight, or certified mail. Electronic transfer (ACAT) means that cash and more securities are transferred from an account at another financial institution to a TradeStation Securities account. This action can take up to 10 business days and it depends on your financial institution.

TradeStation Deposit Options
TradeStation Deposit Options

Let’s also mention that the minimum TradeStation deposit for stock and options account is set to $500 and 2,000$ for margin. If you want to trade futures, on the other hand, you’ll have to invest a minimum of 5,000$. With that said, we will now move our TradeStation review to the platform options. Keep reading!

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TradeStation Review | Trading platform

As you probably know, trading platforms can define your trading big time. If you have access to a good trading platform that provides you with a decent trading environment, you’ll have good chances to win. At the same time, if you trade on a lousy platform, you’ll get nothing but trouble. TradeStation’s award-winning platform is, fortunately, one of the best trading platforms we’ve ever tested.

At this point, we’d like to highlight some crucial advantages of the TradeStation platform. First of all, its speed of execution will simply sweep you off your feet. The lightning speed with which your request is processed will enable you to always react on time, and we all know how significant this is in trading. Secondly, it has many powerful trading tools that can help your predictions big time. Furthermore, it is designed in a very user-friendly manner, so you won’t have any problems in adapting to the new trading environment. You can upgrade your trading platform, too. How? Stay tuned to this TradeStation review to find out.

TradeStation Desktop Platform
TradeStation Desktop Platform

TradeStation Review | TradingApp Store

One of the best things with TradeStation is that you can completely customize your trading platform. The company allows you to download many features that can help you in many different ways. In this paragraph, we’ll talk about the ones you can get for free, while the other ones can be found at the TradingApp Store.

TradeStation TradingApp Store
TradeStation TradingApp Store

First of all, there’s your Earnings Calendar, an application that will help you organize your earnings symbols in a calendar format. Besides that, we think it can help you a lot with organizing your trading in general. In addition, there are many indicators that can be downloaded for free. For example, you can download Person Pivots Daily that automatically calculates pivot points on a daily basis. According to users, it’s very useful, accurate and user-friendly. Furthermore, you can upgrade your platform by using Ichimoku Indicators that incorporate technical analysis, money management and psychology of trading. The last product we’d like to highlight is RangeBands, an application that provides a trend-following indicator you can apply to commodities, indices and stocks. If you’re willing to invest some money into upgrading your platform, you will benefit even more from TradingApp Store because this place has much more to offer. Naturally, this all means the broker supports mobile trading as well, but we’ve dedicated a separate part of TradeStation review to that particular feature. Don’t go away!

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TradeStation Review | Browser and Mobile Trading

TradeStation allows you to trade in many different ways, all you have to have is an Internet connection and TradeStation Web Trading. If you’re not eager to download a mobile application on your mobile device, but would still like to trade when you’re not in front of your computer, this is definitely the best option. With this feature, you can log in from PC and Mac browsers to trade or simply to check out the situation. The browser that are supported by TradeStation websites are: Apple Safari, Google Chrome, Microsoft Edge, Microsoft Internet Explorer and Mozilla Firefox. The same goes for mobile web browsers, but here you can also use Android OS Browser.

As mentioned earlier, there’s also a mobile version of this platform. If you’re interested in more dynamic trading and want to trade all the time, just download the TradeStation mobile app. We tested it out on our own and can confirm that it is indeed very good. It doesn’t have any bugs or glitches and is always completely reliable. Furthermore, it has all the tools as the desktop platform, so you basically won’t notice any difference in trading. TradeStation app will also automatically connect to your desktop account and is available on both Google Play and App Store. You will therefore have maximum comfort whenever you want to trade, but our review doesn’t end here.

TradeStation Mobile App
TradeStation Mobile App

TradeStation Review | Education

Like in any other job, in trading you simply have to know what you are doing. In other words, you have to educate yourself and try to learn as much as you can. We are aware of the fact that trading stocks or commodities might seem difficult or even abstract to someone who has never done anything like that before. Moreover, handling analytical tools that are constantly used in trading also takes time. Fortunately, with TradeStation you have an opportunity to educate yourself to perfection. Their team of experts has developed a program that can turn every beginner into a professional.

For example, there’s a series of education materials called ‘Getting Started with TradeStation’. There you can find all the things you have to know in order to start trading – there’s introduction to the trading platform, introduction to mobile trading and so on. In addition, there are many quality and useful videos you can also check out (our favorite is ‘How to Trade Gaps and Breakouts’). All in all, with TradeStation education centre you can learn pretty much everything that has to do with trading: placing orders, charting, platform environment and options analysis are just some of the most popular topics. If you’re a newcomer in the field, this is definitely the best first step to make.

TradeStation University
TradeStation University

TradeStation Review | Customer Support

Customer support is one of the most important departments at any company, but it’s especially important when it comes to trading. If you’re investing and risking your money in order to earn on the market, you want to be completely sure that you have reliable partners by your side. The broker’s job, on the other hand, is to provide its clients the best possible support, and that’s exactly what TradeStation does.

TradeStation Contact
TradeStation Contact

When we were testing their support team, we contacted them several times. First of all, we’d like to emphasize that they are very professional and that they really know how to do their job. We asked them a wide variety of questions, from technical issues to account-related questions. They helped us every single time and they did so very quickly. Also, they have different contacts for every type of a problem, so you can be sure that the broker’s employee will be completely dedicated to you. You can contact them via phone and they have different phone numbers for European and non-European countries. All in all, our firsthand experience tells us that you can completely rely on them. But this is just one of the proofs of the broker’s reliability. The next part of our TradeStation review will bring you more.

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TradeStation Review | Safety

Although all information on safety can be found in our Is TradeStation a Scam? analysis, we decided to highlight one more time the most important points. That’s because we are completely aware how important the safety is in today’s trading business. When you choose a broker, safety is the first issue you should be concerned about. Simply, you have to be 100% sure that you are trading with someone who really takes care of your money and data.

First of all, let’s say that the company is a member of the Financial Industry Regulatory Authority (FINRA). Besides that, all of the communication is encrypted. The company uses modern and reliable 128-bit data encryption to protect your account. Moreover, they use advanced firewalls in order to disable any access to your account by unauthorized parties. Also, the broker will send you a notification whenever they notice any significant change in your customer profile and account. Finally, TradeStation is a proud owner of some very sophisticated verification security certificates, which can also tell you a lot about the company’s professionalism.

We’d like to put a special emphasis on the compliance with the USA Patriot Act. The Act imposes anti-money laundering requirements, so you don’t have to worry a bit: just relax and trade.

TradeStation Safety
TradeStation Safety

TradeStation Review | Conclusion

At the end of this detailed TradeStation review, we’d like to put another emphasis on the most important elements we mention in the article. First of all, the broker’s offer of accounts is pretty unique in the industry. You can choose if you would like to open Equities & Options accounts or Futures accounts, but they also have many other account options (joint accounts, for example), so it shouldn’t be too hard finding something that suits you perfectly.

The company’s trading platform is among the best you’ll find in the trading industry. It has all the options you can imagine and tons of technical tools you can use in trading. It’s fast in processing requests, but the best thing is that you can upgrade it any time! You just have to go to the TradingApp Store and buy a feature you like. Some of them can even be downloaded for free. If you’re into more dynamic trading, however, you can also trade on the go thanks to a superb app. The last thing we’d like to highlight is education. If you’re a beginner, TradeStation is definitely the perfect option. Open an account with them, start trading and become a pro today!

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Is City Index a Scam?

City Index, founded back in 1983, is one of the oldest providers of brokerage services in the world. Thanks to their fantastic service and trading conditions, they managed to survive turbulent events such as 2008 crisis, and are still getting new clients. Now, as a part of GAIN Capital group, they are ready to deliver even more attractive offers to their present and future clients. Today, we’ll be exploring if this information is true, and can you really trade with this broker without any concerns. Is City Index a scam broker or a truly unique and trustworthy company? Read on and find out the real truth!

Is City Index a Scam? | Regulation and Safety

In order to truly establish is City Index a scam or not, we are bound to determine the existence of regulation and safety measures. Fortunately, we are more than thrilled to announce that City Index passes this test with flying colors. The company is fully regulated and authorized in UK by Financial Conduct Authority, governing regulatory body in United Kingdom. This is a rock-solid proof of a broker’s legitimacy, so you don’t have to be worried about that. Furthermore, clients’ funds are held at segregated accounts in trusted banks, rendering it intact from any possible company’s financial failures. Also, in the case of insolvency, a compensation of up to 50 000 dollars will be granted to all existing clients. Finally, all deposits and withdrawals are coated with top-class SSL encryption, making them impenetrable to all possible hacker breaches. As you can see, in terms of business regulation and safety of funds, we can only wholeheartedly suggest you to start trading here. But we still have to review more features before we reach our final verdict. Read on!

City Index Security Of Funds
City Index Security Of Funds

Is City Index a Scam? | Everything works

As you can see in our City Index Review article, in order to establish is City Index a scam or a truly legit broker, we have conducted a series of tests on all key features. Therefore, we are happy to state that this broker really doesn’t have any flaws at all. All deposits and withdrawals are processed swiftly, without any problems. All available trading platforms are functioning as expected, with each and every one of them offering a variety of layout options, trading tools and signals. Also, education library is always available, offering many interesting materials to anyone who wants either to learn something new, or broaden their knowledge on trading Forex. Finally, customer support can be reached by various means, and they will respond in a matter of minutes. That being said, we are now ready to give our final verdict.

City Index Home Page
City Index Home Page

Is City Index a Scam? | Conclusion

So, is City Index a scam broker? Absolutely not. As we have seen in this analysis, security measures are present, the company is fully registered and regulated, and all key features are working perfect. Therefore, there is absolutely no reason not to start trading here right now. So what are you waiting for? Open a free trading account and discover many advantages City Index has to offer to you!

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