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!
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.
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!
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 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.
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!
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.
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!
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 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.
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!
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 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!
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.
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!
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!
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 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.
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!
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 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.
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!
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 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 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.
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.
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 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!
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!
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.
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!
Today we’ll be reviewing an extremely interesting brokerage company that managed to withstand numerous market value drops by creating a unique trading ecosystem for its clients. Existing since 1983, City Index is one of the oldest and most recognizable brokers in the UK and all over the world. Headquartered in the urban center of London, this company offers fantastic trading conditions on several unique interfaces, paired with ultimate security and safety of clients’ funds. It’s no wonder that this company managed to survive this long, and with a steadily growing number of loyal clients. Today we’ll be analyzing City Index in details, starting off with account creation and available platforms, through education and safety, all the way to trading tools and customer support. If you want to learn why this broker is one of the leaders on the global Forex and CFD market, keep on reading this City Index review and you’ll receive all the answers you seek!
City Index Review | Part of GAIN Capital
Before we take a deep look at the broker’s key features, we decided to start off our City Index Review by taking a look at the broker’s parent company. You see, City Index is now a brand currently owned by GAIN Capital Inc. − one of the largest provider of trading services for both retail and corporate customers. Founded in New Jersey in 1999, this company has always pursued a vision of giving traders free entry to global Forex marketplace. Today, they enjoy the trust of more than 150 thousand satisfied clients, who, combined, own more than 950 million dollars in assets. Naturally, GAIN Capital meets all important requirements regarding safety of funds and corporate governance, meaning that trading here is fully legal and regulated. Furthermore, its business is regulated by 8 different governing bodies all over the world, including the FCA in United Kingdom. Over 800 employees are spread on different brands – Forex.com, Faraday Research, Finspreads, Daniels Trading, City Index, Salt and GTX. As you can see, parent company of City Index is more than stable, with steady growth and embedded various security and compliance mechanisms. That being said, it’s safe to say that trading with City Index should be nothing but pure enjoyment for everyone. But let’s see what you’ll have to do in order to be able to trade here. Keep on reading and learn how to open a real trading account with City Index!
City Index Review | Account Opening
In order to commence trading with City Index, you’ll need a real trading account. Opening one doesn’t cost you a dime, while it gives you numerous possibilities in terms of trading, banking and education. This part of City Index Review will focus on the sole account opening procedure, so stick around and learn all the vital information.
Registration procedure consists of four simple steps. In the first one, you’ll be asked to provide some personal information, such as country of residence, full name, date of birth, email address and phone number. You’ll also be asked to define account password, and choose if you want to try out Spread Betting, CFD trading or both. Completing this part will get you to the second step. Here you’ll be asked to provide some more information about your address, as well as tax ID, if you have one. In the third step you’ll have to provide some information about your job status, financial details and previous trading experience, in compliance to KYC policy required by regulatory agency. For a brokerage company, this exists in order to evaluate whether your current financial status and your trading experience make you eligible to get a trading account, since trading without knowledge may result in serious losses. This is a completely standard procedure among regulated brokers, so all the information you’ve provided will be kept safe and encrypted and will never be distributed to third parties. Finally, the fourth step is just the confirmation of all provided data, and that’s basically it. However, due to regulation, before your account is created, you’ll still be asked to provide some personal documents to confirm your identity. Proof of identity can be a colored copy of your driver’s license, passport or personal ID, while credit card statement, bank statement or utility bill can serve as a proof of residence. After the customer support team reviews your application and appropriate mandatory documents, you’ll get access to your brand new trading account. And that’s it! Filling up the info shouldn’t take you more than 10 minutes, while the approval may take up to 1 business day. After it’s complete, you’ll be given full access to all available trading interfaces. And which interfaces does City Index use? Keep on reading and find out!
Since the previous part of this City Index Review has dealt with accounts, now it’s time to take a look at available trading platforms. And we are happy to say that virtually everyone will be satisfied with the offer created by City Index. Here you’ll find browser-based, mobile and desktop applications fueled with advanced trading tools and exquisite features that will surely give you the upper hand when it comes to trading on highly dynamical Forex market. But let’s analyze them in more details, one by one.
Advantage Web is a completely browser-based trading interface developed by the broker itself. It features highly customizable layout with advanced charting technology and more than 80 indicators. You can also trade with a single mouse click in order to take advantage of the best price at any given moment. Personalized watch-lists and price alerts are also supported, and thanks to built-in research portal, most probable trades will be highlighted for you. It’s no wonder that this platform won the prize for the best spread betting platform in 2017 by ADVFN. Finally, since it also supports mobile devices, you can trade on Advantage Web platform at any time and from any place – as long as you have a stable Internet connection. Speaking of mobile trading, you can also download dedicated applications for your iOS or Android-based smartphones and tablets. Each of the mentioned apps picks up the same key features as the browser-based version. That being said, you’ll enjoy in live charts, news and updates brought directly from Reuters, cross-device syncing, personalized watch-lists, chat support and much more. No matter the operating system of your mobile device, choosing either City Index app will give you high functionality and a chance to trade on the go.
As for desktop solutions, you can choose among two available platforms. AT Pro is an in-house developed Windows trading interface intended for more advanced users. You can choose among hundreds of preinstalled, highly customizable layouts to always have the things you need present. You can also take advantage of real-time trading signals on charts that suggest you when and what to trade based on current market fluctuations. Over 100 different price indicators are present, as well as a huge variety of drawing tools to make your predictions more accurate. You can utilize back-testing to see the success of individual signal over defined time frame. Finally, if you are fluent in C# programming language and .NET framework, you can create custom application layouts from the built-in Development Studio. If you consider yourself an advanced trader, you’ll find AT Pro platform ideal for your trading needs. And finally, with City Index you can also commence trades on one of the most popular interface in the world, MetaTrader 4. We have been writing about this industry standard, so we’ll just give a brief overview here. MetaTrader 4 is used by a majority of brokers worldwide, and it has the biggest community of regular users. It features advanced charting techniques, custom price indicators, cross-platform compatibility, even automated trading through Expert Advisors feature. If you are unsure about which platform to choose, you can’t go wrong with City Index’s MT4. And that’s about it when it comes to platforms. We have managed to conduct deep tests on all of them, and everything works perfectly smooth and stable, just as we thought it will. Therefore, speaking of trading interfaces, we can wholeheartedly recommend City Index to every new and existing traders. But can we say the same for banking methods as well? Read the next paragraph of City Index review and find out is this broker really that safe!
City Index Review | Banking Methods
When it comes to deposits and withdrawals, City Index has much to offer as well. There is no minimum deposit amount set, but it is strongly suggested to deposit at least 100$ to cover any possible margin requirements for the first trade. Deposits can be made using major credit or debit cards, or through bank transfer. You can link up to 3 different cards to your account, but all deposits must be made in the primary account currency chosen upon account creation. All deposits are free of fees and additional charges, except for credit card deposits which carry a fixed 1.5% fee.
As for the withdrawals, you can generally use the same methods as with deposits, but bear in mind that, due to regulatory policies, your withdrawals will be processed with the same method you used for deposit. For instance, if you’ve deposited using MasterCard, withdrawals will be credit to your MasterCard linked to your account and registered under your name. Minimum withdrawal account is set at 50$, while the maximum amount goes up to 20 000 $ per day. All withdrawals are processed free of charge, and may take up to 5 business days, depending on your country of residence and your bank.
We have managed to test all available banking methods and we can honestly state that they all function flawlessly. Deposits were almost immediately reflected on our trading account, while our withdrawals were processed in a matter of 2 business days, regardless of the chosen method. Therefore, when it comes to banking, you are good to go with City Index. Now let’s take a look at the quality of provided educational materials. Read on!
Education is one of the most important features in becoming a successful trader and investor. Blindly following advice of others or faux news, investing in poor trades or going all in on highly risky trades might cost you more than you can imagine. Therefore, before risking even a single dime, it’s crucial to know the key aspects of trading. Fortunately, City Index knows about the importance of proper education, so the company has developed a massive library of high-quality materials. Let’s take a look at what we have here.
If you’re a complete newbie in the world of Forex trading, you should take the beginner course. Here you’ll find all the key principles explained, from depositing to understanding charts and taking advantage of trading tools. This tutorial is more than enough to make your first steps into the global marketplace. There is also a course for seasoned traders, meant to expand their knowledge by introducing some interesting trading strategies and approaches. Next, you’ll find basic introduction to all available trading options – spreads, CFDs and Forex. Each of them is analyzed in details with pros and cons, so if you are still unsure which option to choose, you might want to check these sections out. Technical and fundamental analysis courses are present as well, which will teach you how to get a deeper knowledge of market fluctuations and take advantage of future market fluctuations by using built-in trading indicators. Guide to successful trading strategies is here, as well as risk management course, which will teach you how to manage your losses by utilizing tools such as Trailing Stops or Stop Losses. There is also a section with market news and analysis, with freshest information about major market events and predictions for future movements. And finally, extensive video library contains animated and narrated introduction to trading, thoroughly explaining main concepts and discovering some valuable trading tricks. All in all, we are more than satisfied with the quality of this education library, so we believe that even the complete beginners could become capable traders with the help of these resources. Now, before we wrap this article up, let’s see if there are some other features we’ve still not reviewed. Keep on reading!
Before we wrap this City Index review article up, we still have to introduce you to some interesting features offered by the broker. First, there is City Index demo account, meant for you to familiarize yourself with available trading platforms and test various strategies and approaches. It’s an ideal thing for beginners, since you can experience almost real trading with 10 000 virtual dollars for free in the period of 4 weeks. It’s just like the real deal, except you don’t risk a dime, so feel free to explore as much as you want. Also, we have to mention the customer support team, which can be contacted by email, phone, live chat or contact form. We have sent a series of inquiries related to different topics, and all our questions were answered swiftly and highly professional. As we’ve mentioned in our Is City Index a Scam article, it’s safe to say that with City Index, you always have someone watching your back. Finally, if you have any concerns regarding any feature of this broker, be sure to swipe through extensive FAQ section. It covers all usual questions regarding accounts, platforms, banking, trading conditions and costs, leverage and much more. And that’s about it, we’ve covered all key aspects here, and now it’s time to bring this extensive City Index Review article to its end.
City Index Review | Conclusion
As you have seen in all parts of this City Index Review, this broker excels virtually everywhere. Account creation is easy and fast, and since it features some compliance procedures, you feel that your personal data is safe. Various trading platforms really have much to offer, and paired with smooth banking options create a great trading environment. We have seen that educational materials are numerous and of highest quality, meaning that this broker will even educate you to trade properly. A presence of demo account is a huge plus, since it gives you the opportunity to test all trading platforms and tools without the need of making a deposit. And finally, highly competent support team will surely fix any potential problem you might experience on your trading journey with City Index. To finish up, we can only recommend you to start trading with City Index now. Open a free trading account and experience trading with one of the best brokers on the market!
Interactive Brokers Ltd. is a well-known brand among senior traders, with over 40 years of presence on the international trading market. A pioneering brokerage company that introduced computer-generated value sheets back in the late 70s, now it has more than six billion dollars in market equity. Offering a variety of trading products including CFDs, futures, Forex, futures and options, this company now conducts almost a million trades per day. Although this truly sound as a fantastic result, we still had to confirm the legitimacy and overall safety of this company. Keep on reading this article and discover is Interactive Brokers a scam or a trusted broker you can trade with!
Is Interactive Brokers a Scam? | Key features
In order to determine is Interactive Brokers a scam or not, we’ve analyzed if main features truly are as spectacular as the company claims them to be. And we’re happy to say that the broker wasn’t lying at all. Here you’ll find the opportunity to maximize your returns through low commissions, no minimum requirements and platform fees, and SmartRouting technology which continuously seeks best price deals for your chosen assets. Also, through financial management service you are able to borrow money with low interest rates, earn it on your idle balances, spend money directly from your account using MasterCard and invest it on more than 100 exchanges worldwide. Furthermore, you can utilize the presence of high-grade technology ranging from multiple trading interfaces and advanced tools to detailed reports and risk management techniques to give your trading successfulness a higher boost. And finally, a wide range of quality educational tools ranging from webinars and educational videos to quick start guides and tutorials will transform you into a great trader in no time. You can always consult our Interactive Brokers Review article to find more info about the broker, but we can say that we’re more than pleased with the offer here. Now let’s take a look if this broker’s operations are considered legal or not. Keep reading!
Is Interactive Brokers a Scam? | Regulation
Now, if we want to truly determine is Interactive Brokers a scam broker, we have to check if it’s regulated or not. A company this big and this long-lasting shouldn’t afford to bypass strict regulation protocols, and that is the case here as well. Being an US-based company with headquarters in Greenwich, Connecticut, it is fully regulated by SEC and FINRA, governing regulatory bodies in the States. In addition, all funds belonging to clients are held in segregated accounts, to prevent any kind of confiscation in case of company losing its solvency. Some other security precautions are implemented as well, rendering this broker completely legit and safe to trade with. That being said, we can now conclude this article.
Is Interactive Brokers a Scam? | Conclusion
Well then, is Interactive Brokers a scam or not? Judging by the results of our analysis, not at all. This is a safe and trustworthy company with decades of good reputation and thousands of satisfied customers. Therefore, we strongly advise you to become one of them today. Open up a free trading account and start trading with one of the best brokers out there!
FXTM (also known as ForexTime) is one of the most popular brokerage companies in the world. They were founded in 2011 and they’ve been providing their services to traders from all over the world ever since. They are also an award-winning company with many famous partners in different branches. For example, during 2016 ForexTime partnered with BASE jumping legend Valery Rozov from Red Bull. Since they’re quite popular among traders, we decided to see for ourselves how their security system works. We checked out the trading terms the company offers and the level of safety in trading they provide. Is FXTM a Scam? Read on and find out all you need to know!
Is FXTM a Scam? | Trading Terms
We’ll start our Is FXTM a Scam? article by presenting some general trading terms. First of all, we’d like to mention the broker’s flexible leverage system. Leverage enables you to trade large volumes without investing a lot of money. Calculation of every trader’s leverage is based on trader’s knowledge and trading experience, so it’ll be different for different traders. This might seem strange, but it’s actually quite fair. We’d like to mention, though, that some leverage may be defined by regulations in a trader’s country of residence (for example, in Poland the maximum leverage is set to 1:100). Apart from that, the spreads are quite tight and you will see no attempts at fraud from ForexTime in this respect. Since the cost of trading depends on the spreads that are offered by broker, tight spreads definitely put you in advantage.
In the next part of our Is FXTM a Scam? analysis you can check out if the broker is regulated and if it uses encryption, so keep on reading!
Is FXTM a Scam? | Encryption and Regulation
If you want to see if a broker takes care of traders’ data, you have to know if they use any encryption systems. Encryption keeps your entire personal information safe, and the industry’s standard is Secure Sockets Layer (SSL), that’s also used by Forextime. Besides keeping your information safe, it also secures the safety of data required for monetary transactions. More details on the money transactions can be found in our FXTM Review 2017, but suffice to say that we never experienced any problems.
As for the regulations, ForexTime is regulated by various regulatory bodies in various countries. First of all, it’s regulated by CySEC, Cyprus Securities and Exchange Commission and in South Africa they’re regulated by the Financial Services Board. The company also complies with Market in Financial Instruments Directive (MiFID), so you can be completely sure that nothing bad can happen to your investments.
Is FXTM a Scam? | Conclusion
We can conclude our Is FXTM a Scam? by repeating the most important things we’ve previously underlined. First of all, the broker offers excellent trading terms and will honor them in every trade you make. They’ll provide you with best terms in the entire industry: flexible leverages and tight spreads. In addition, they’re completely safe to trade with and there is no way ForexTime will commit any frauds. All in all, if you’re looking for a reliable trading partner, we think you should definitely open an account with FXTM!
FXTM was founded in 2011 and is today one of the most important forex brokers in the world. They are also known as ForexTime and have many faithful traders and partners from every corner of the globe and they received some pretty big awards for their achievements in the field of trading recently: Best FX Broker 2016 (European CEO Awards), Top Customer Service Provider 2016 (The 9th Saudi Money EXPO), Best Sell-Side Analysis Contributor 2016 (FXStreet Awards) and so on. In their offer they have some of the hottest features currently on the market, such us brand new MetaTrader trading platform, for example. They’re regulated by various regulatory bodies and their website is available in 18 languages.
Since they have such a good reputation, we decided to check them out in order to see what exactly they offer on their website. We tested out all their most important aspects: their trading platform, mechanisms of monetary transactions, demo account, mobile application and many other. Read our in-depth FXTM review and check out the results!
FXTM Review | Login and Deposit
At the very beginning of our FXTM review, we have to explain the login process. As you all know, you have to create an account in order to trade. With ForexTime, the process is very simple with and won’t take you more than a couple of minutes. First, you’ll have to enter some of your basic information: your name, country of residence, mobile phone and email address. After that you’ll have to choose a currency you’d like to use in your trading. You can choose between USD, EUR, GPB, RUR, NGN, PLN, CZK, IRN and CNY. Keep in mind that, once chosen, your currency can’t be changed.
Also, you can choose between many ways to fund your account. You can choose credit cards (Visa, MasterCard, Maestro and China Union Pay), e-wallets (Neteller, Skrill, WebMoney, Payza etc.), bank wire and local deposit methods if you’re from Nigeria (Nigeria Local Bank Wire Transfer). The FXTM minimum deposit is (believe it or not) only $5, so literally anyone can participate in trading. The method you used for deposit will also be used for withdrawal. FXTM withdrawal will be done within the same business day if you use credit cards or e-wallets, and it can take up to several business days if you choose bank wire.
But before you deposit, you have to choose the account type you’d like to use in trading. Stay with us and find out which accounts are available!
FXTM Review | Choose Your Account
We can divide FXTM account types into two groups: Standard accounts and ECN accounts. There are three Standard accounts: Standard, Cent and Shares. Standard account is just what you’d expect, but it offers many interesting trading features. It requires a minimum deposit of $100. With Standard account you can have a maximum of 100 orders and they will all be executed instantly. It’s available in USD, EUR, GPB and NGN. Cent account, on the other hand, has to do with cents. It can be yours for only 5 dollars (your account will have a balance of 500 cents). It’s available with the same currencies as Standard, and it’s a great way of practicing and exploring the market. Share account is designed to trade shares. You can choose between 180 of them and the account has zero commissions plus you’ll receive real-time information on every share you’re interested in. This account is available on the MetaTrader 4 trading platform.
As already mentioned, apart from standard accounts, there are also ECN accounts. ECN stands for electronic communications network, so an ECN broker provides its clients direct access to other participants in the currency market. Some advantages of ECN trading are full transparency, low spreads during high market volatility and best bid and ask prices. You can choose between 5 ECN accounts: ECN Zero, ECN Account, Strategy account, FXTM ECN MT5 and FXTM Pro. If you’re into ECN trading, here you will definitely find something that suits you perfectly!
FXTM Review | Trading Platform
Trading platforms are among the most important elements of trading. If you’re trading on a good platform that provides you with accurate information and powerful trading tools, you’ll have better chances to win. Besides that, you should always trade on a trading platform that’s quick, so that all of your demands and actions can be process in a flash. FXTM chose MetaTrader 4 (MT4) as their trading platform and this is the most popular trading platform in the field of forex trading.
Everyone who has ever traded on MT4 can confirm that it’s very user friendly, which is excellent if you’re a beginner. It has many useful trading tools and charts that’ll help you in your analysis, multilingual technical support and the option of automated trading. In other words, you have all you need to become a successful trader right here. Besides MT4, with ForexTime you can also trade on the latest version of MetaTrader – MT5. With MT5 you can open up to 100 charts and choose between more than 80 tools and indicators. There is also some other cool stuff there, such as highlighted entry and exit points, additional pending order types and the option of fundamental analysis. With these two FXTM trading platforms, you definitely can’t fail! The following part of FXTM review will show you some interesting platform possibilities, so don’t go away!
Everybody knows that it’s very important to have a decent toolbox when trading. Your chances increase if you can use sophisticated technical tools, especially if you know how to use them in a proper manner. In this paragraph of our FXTM review, we’ll mention only the most important ones.
First of all, you can use FXTM Trading Signals. They are designed to interpret the fluctuations of prices and take into account 14 financial instruments (8 currency pairs, 3 commodities and 3 market indices). Also, several popular technical indicators will provide you with an additional outlook on price movements. You will get two most probable outcomes, so you will be able to choose between them (because there’s no such a thing as trade that’d be 100% certain). Furthermore, you’ll get two daily updates with new information that is released before opening trading sessions in the EU and the States.
On top of all that, we’d like to underline some interesting trading indicators you can use if you choose MT4 as your FXTM trading platform. For example, there’s the order indicator that enables you to monitor trades and analyze other activities. Your trades are shown on the chart so that you know where your trade was opened and closed. Then there’s also the pip value calculator which can help you find out the value of a 1 pip/point move on any instrument.
FXTM Review | Demo and the app
When it comes to trading, there’s never a wrong time to do it. In other words, there’s always something you can invest in on the market. ForexTime app can help you with that, as it’s available both for iOS and Android. We tested it thoroughly and are happy to say that it works absolutely flawlessly. It is designed very intuitively so that you don’t lose much time figuring out where all the important things are, but is also very quick and has no glitches, meaning it’s completely reliable, which is very important in trading. On your FXTM mobile app you’ll have all of the features available on the desktop platform: you’ll be provided with all important trading tools, but you’ll also receive live currency rates and forex news. In short, with this product you can trade anytime you want – FXTM app will definitely make your trading experience much more dynamic and interesting.
We’d also like to underline the possibility of trying the broker’s trading platforms for free! That’s right; with FXTM you can practice your trading skills, adapt to the trading environment and even develop your own trading strategies before investing any real money! All you have to do is to open an FXTM demo account and you will be able to start trading without any risks. We think that’s an opportunity worthy of everyone’s attention. You can’t lose a thing, but you can get a valuable experience, especially if you’re a newcomer in the field of trading forex and binaries. But we have to move our FXTM review on to allow you to check out other cool educational options for new traders. Keep reading!
When you’re entering a new business, you have to inform yourself and get some basic knowledge about the things you’ll have to be doing. ForexTime provides you with many ways to learn the basics of trading and to upgrade your skills efficiently. First of all, we’d like to mention their articles and tutorials. These materials cover basically everything you need to know about trading forex, from fundamental analysis and risk management to automated trading. Also, you can find in-depth tutorials about both FXTM trading platforms, which will definitely help you adapt faster to the trading environment. You also have to know that video tutorials are simply excellent: they’re created by trading experts who also use many examples in their lectures to help even complete beginners to get a firm grasp on how this type of trading works.
If you’re more interested in webinars, you’ll get an opportunity to be taught by professor Thalassions, ForexTime’s head of education. With him, you can get access to the most important trading strategies, learn how minimize trading risk, read charts and many other important things. Let’s also mention that FXTM webinars are completely free for all registered clients.
The last thing we’d like to mention in this paragraph of our FXTM review is the Forex Glossary, where you can find all the most important terms in one place. With all these features in mind, we can say that literally anyone can become professional with FXTM and count on fair treatment every time. The proof for that is just below.
FXTM Review | Safety and Support
We won’t talk too much about the broker’s safety here in our FXTM review, but we will mention the most important features. However, if you’re interested in a more detailed analysis, please read our Is FXTM a Scam? article.
In this paragraph we’ll just mention that the company is regulated by more than one regulatory body (CySEC and the FSB), which basically means that they’re super safe. All of the monetary transactions have to comply with strict laws, so you can be sure no one will take your money. The same goes for the safety of data that you’ll share with your broker.
We also have to say that we tested the broker’s support team more than once and that they really know how to do their job. They answered every question we had and you can talk to them in 18 different languages, which is something that cannot easily be found on other similar websites. A special paragraph is coming up, so stick around just a bit more.
The first thing we’d like to present in this paragraph of our FXTM review is the FXTM WebTrader. This feature enables you to access the trading platform straight from your browser and is available both for MT4 and MT5. In other words, you can start trading instantly by launching the WebTrader and logging into your MyFXTM account. We’d like to highlight that WebTrader is supported on all important browsers: Mozilla Firefox, Google Chrome, Safari, Opera, Microsoft Edge and Internet Explorer. WebTrader comes with many helpful features, such as advanced strategy tester, professional technical and fundamental analysis and hedging option and is available in 16 languages, so don’t hesitate to check it out.
Another thing we’ll talk about here is the MT4 Multi Account Manager (MAM). MAM is designed mostly for professional traders who want to manage multiple accounts at once. It connects to several accounts, which makes managing them quite easy. In every moment you can see a detailed trading statistics and you always have full control over your transactions on each account. Let’s also add that the volume of position is always calculated automatically and the calculation is based on a set of given rules. All in all, we think this is a great option for more experienced traders who are leaning towards professional waters. But with that it’s time to wrap things up here.
FXTM Review | Conclusion
At the end of our FXMT review we’ll emphasize the most important things you should be aware of when it comes to this remarkable broker. First of all, you can become their trader in just a couple of clicks. The login procedure is quite simple and anyone can do it, and the same goes for your first deposit. There are several currencies and methods you can choose between, and the minimum deposit is set to only $5.
Their trading platforms offer many interesting trading options and useful trading tools, charts, indicators, etc. On top of that, they have an excellent mobile application which allows you to trade anytime you want! If you’re a newcomer in the field, you can always open a demo account in order to practice before entering the real game. Also, there’s an excellent education center that’ll definitely help you improve your forex knowledge.
All in all, FXTM really is one of the best brokers you can currently find. If you want to enjoy everything this type of trading has to offer, you simply must open an account with them.
FBS is a brokerage company with headquarters in Belize. They were founded in 2009 and have been growing ever since. We noticed that they have many faithful clients who have been trading with them for several years now, so we decided to make a little inquiry on what attracts these clients the most. In this “Is FBS a Scam” analysis you can check out the broker’s security, their support team and the ways you can handle monetary transactions. Keep reading our text and you’ll find out everything you need to know about them!
Is FBS a Scam? | Regulation and Support
The very first thing we want to discuss here in our “Is FBS a Scam?” analysis is the regulation. As we’ve already mentioned in our FBS Review 2017, this broker is regulated by the International Financial Services Commission from Belize. This means that FBS has to comply with strict monetary rules, so you can be completely sure that everything they do is completely legit. Since Belize is a developing center for international financial services, they’ll definitely provide high-quality regulation and protection.
Apart from that, the broker is subject to the International Money Laundering Abatement and Anti-Terrorist Financing and regulations based on that legislation. These regulations minimize the chances of money laundering activities, which is another proof of the fact that FBS really is legit.
Although we presume that you won’t be needing too much help from the broker’s support team, we’d like to emphasize that they are a reliable partner. There are various ways you can contact them and the easiest one is to ask a question on FBS live chat. We’ve tried this many times and they always answered us in a matter of seconds. If there’s a more complicated issue that needs to be resolved, you can always send an email.
Is FBS a Scam? | Monetary Transactions and Accounts
The way monetary transactions work on this website is also something you should definitely be aware of when it comes to choosing your broker. This is something most people think of when they ask is FBS a scam. Fortunately, the broker has done everything to make these processes as simple as possible. You can make your deposit in just a few moments using many different methods. You can choose between credit and debit cards, e-wallets and many local payment options. We’ve tested all of these options out and can conclude that all of them work perfectly. The same goes for withdrawals – you can reach your money in just a few clicks. As for the accounts, you can choose between several of them. The most basic package costs only 1 USD, so we can say that FBS allows literally everyone to start their business career. We’re sure you’ll find an account that’ll have everything you need because no matter where you look you will find absolutely no traces of FBS scam, only quality service.
Is FBS a Scam? | Conclusion
We are very happy to say that the answer to the question “Is FBS a scam?” is definitely no. When you open an account with this company you can just relax and trade – they’ll do the rest. They are a regulated broker with an exceptional support team and wide variety of accounts you can choose between which allow you to start trading for only 1 USD. With all that in mind, we think you should definitely choose FBS as your broker!