How to Make Money in Forex Trading: A Complete Guide for Beginners

The foreign exchange market is the world’s most liquid market, with more than 5-trillion a day exchanging hands. The market is liquid 24-hours a day, 5-days a week, opening in the evening on Sunday during North American trading hours and closing at 5-pm on Friday evening during the same time zone. If you are a beginner and just dipping your toe into trading the forex markets, you should consider following the market and increasing your understanding of why exchange rates move before risking your hard-earned capital.

Learn About the Financial Markets

The financial markets allow investors, businesses, governments and central banks a place to transact in an open market, exchanging their risks to meet their financial needs. A corporate treasurer might need to exchange profits in Euros into dollars, just as a speculator believes that the EUR/USD will rise. There are thousands of reasons why exchange rates and prices moved over a short-period of time, generating noise as participants look for an optimal price to enter or exit a position.

Before you start trading, you should learn about the different types of markets available to trade, and which one you are most interested in following. In addition to trading forex, you can also consider trading commodities, indices, and shares. The best way to learn about a market is to read about why others believe it’s moving and the different catalysts that might drive the price or exchange rate in a specific direction. For example, you might start with looking for a style of analysis that is generally provided by reputable brokers such as Alpari. Your goal is to see what type of analysis they offer and what type of actionable ideas come from the analysis they provide. You can also look through a broker’s education section and see if they provide information about why the markets move. In addition to looking at a broker’s education section, you can scan the markets for websites that focus on financial markets education.

Learn to Do Your Own Analysis

There are two main types of analysis that forex traders generally focus on, which include fundamental and technical analysis. Fundamental analysis is the study of macro events that will alter the course of a currency pair. Technical analysis is the study of price action, including looking at momentum, trends and reversal patterns.

Fundamental Analysis

The fundamentals surrounding the forex markets is based on the interest rates markets of each of the currencies that make up an exchange rate. For example, if you plan on trading the EUR/USD you want to have a gauge of where interest rates are likely going in the Eurozone as well as the United States. In general, the stronger an economy, the more likely the central bank is to raise interest rates, which help drive up market interest rates. The reverse is also the case for a weaker economy where the central bank and market forces will likely drive interest rates lower.

The best way to determine if an economy is strong is to be able to evaluate countries financial information. This could include their employment information, their GDP, as well as inflation information such as the consumer price index. Most reputable brokers will provide you with a forex economic calendar where you can see what economists expect relative to history as well as the actual release. What is important about fundamentals is that each new piece of information can alter the direction of an exchange rate. If the economic data is greater than or worse than expected, an exchange rate will move to reflect the new information.

Technical Analysis

Technical analysis is the study of historical prices. Although the past is not always a predictor of the future, different changes following specific studies can give you a gauge of where prices might move in the futures. Some of the more popular technical analysis studies include evaluating momentum. Momentum is the acceleration or deceleration of price changes. If you are interested in learning about technical analysis, you can look at your broker’s education section, or follow their technical analysis forecasts. There are also several websites that will provide you with education on different types of technical analysis tools. Some of the more popular include the MACD, the RSI, and Stochastics.

Find good Broker

Your forex broker facilitates the execution of transactions. While this is their most important function, there are many features a broker like Alpari brings to the table which you should be aware of prior to depositing funds at that broker. First, do some due diligence. Look up reviews by your prospective broker and make sure there are no red flags. Fraud alerts or issues with withdrawing funds are the most important. You also want to make sure there is efficient customer service. You do not want to frustrate yourself by finding a broker who will not answer questions.

The next step is to evaluate the platform. Does the broker have an education section or generate technical analysis forecasts? Additionally, you want to make sure that your broker offers clients a financial calendar. Additionally, you want to find out about the leverage they provide to clients. Higher levels of margin will provide you the option to generate more revenue.

Start with a Demo Account

Most reputable brokers will offer you real-money accounts as well as demonstration accounts. A demo account is one where you are trading paper money, not real capital. Most good demonstration accounts offer nearly all the products that are available to trade will a real-money account. The prices will likely be in real-time or close to real-time. In addition, you will have access to most of the education and forecasting information your broker provides to real-money clients. Once you feel like you’re ready for a real-money account you can make the switch from a demo account to real funds.

Summary

There are several steps you should take before you start transacting in the forex market. You need to first learn about the financial markets and the type of information you can learn about prior to trading. Try to learn about both fundamental and technical analysis. Find a forex broker that you believe is trustworthy and provides a plethora of information. Lastly, use a demo account before you begin to risk real money.

First Steps to Become a Professional Day Trader

So, you finally decided that you are going to spend your time becoming a day trader and earn money from short-term movements in the capital markets. Before you take the plunge, there are a few steps to take to make sure you are ready for this new endeavor. Remember, day trading is a business, and like every other business, you need to be prepared. You need to understand your costs and the revenues you can produce. You will need a reliable partner, who will broker and clear your trades. Prior to getting started you need to set up your day trading tools, such as software, and news flow. Lastly, you have to know the strategies you plan on employing and make sure you are comfortable using these strategies once you start risking real capital.

First, What is Day Trading?

Day trading is an investing method where you generally close your open positions before the end of a trading session. Most day traders want to avoid holding positions overnight and eliminate the risk of having a market moving unfavorably against you when the market reopens the next day. For many markets, such as forex, there is round the clock liquidity, but for some CFDs, there is no liquidity when a market is closed.

Determine your Trading Personality

Your trading personality describes how comfortable you are with different trading techniques. For example, are you comfortable buying the dip and selling the rally? Is your style is one that appreciates momentum such as buying while a trend is moving higher and sell as the market is moving lower. Discovering your trading personality will help you decide on which trading strategies are right for you.

If your strategy is a discretionary strategy, find one that fits your trading personality. If you are breakout trader and like to catch a trend, avoid using mean reversion strategies where you buy on dips and sell on rallies. You don’t want to stop out just because the market moves against you. You should pick a strategy that fits your comfort zone, as this will allow you to stick with trades more easily.

You also need to decide if you want to trade a discretionary strategy or a systematic strategy.  A systematic strategy focuses on backtesting specific technical indicators to see if they have worked using historical data. You can test the strategy using a demonstration account before you risk real capital. A discretionary strategy is one where you use trading tools and then make a decision of whether you should pull the trigger or hold off.

Find a Reliable Broker

Some of your success as a day trader will depend on your broker who facilitates the trading process. There are several nuances that will make the difference especially if your trading strategy is based on many transactions where the gains are slim. If you are trading contracts for differences (CFDs), you want to find a broker that provides a robust trading platform offering many types of graphs, along with a wide variety of products to trade. If you are trading forex, a broker that offers an ECN, will provide you with robust spreads, and elevated margin levels. For example, Alpari offers 75-difference products, with ECN trading on forex, and narrow spreads as low as zero-spread. The maximum leverage Alpari offers is 1000-1. This means for every $1 you post as equity, Alpari will lend you $1,000 to trade.

Set up your Day Trading Tools

A broker with a robust platform can be the difference in your overall success. The staple in the industry is Meta trader and broker’s like Alpari offer MT4 and MT5. Meta trader offers some of the best graphing and charting software available. In addition to state of the art technical analysis tools, MT4 and MT5 have expert advisors that allow you to backtest your trading strategy to see if it has worked using historical data.

To find a reliable broker its important to look at online reviews. There is an organization that offers reviews on forex brokers, and it’s recommended that you read several to attempt to get an objective view. The most imports issue you should focus on is fraud or issues related to the integrity of the broker. If there are red flags, you should consider passing. Also look for how long it takes to set up an account, deposit and especially withdraw your funds. If there are complains about the number of days or specific parameters surrounding withdrawals, pay attention to these issues.

A common complaint focuses on transacting during busy periods and when the market is moving rapidly. If you are trading a strategy that needs lightning quick execution during high volume periods, make sure there are few complaints about this issue. Lastly, you need to know your costs. Each broker will charge a specific price for commissions and potentially deposits and withdrawals. When you figure out your trading business plan, you need to incorporate these costs into your model.

Know Your Strategy

Before you risk real capital it’s important to completely understand your strategy. First, know when there is liquidity, and the hours of the product you are trading. Second, understand the costs associated with your strategy. If your commissions and slippage are 10 pips and you are trying to make 10-pips for trade, you are destined to produce a failing strategy. Make sure your broker has all the technical tools you need to track your strategy. Regardless, learning how to day trade is learning through movement. Set up all the necessary tools before start trading and remain tentative to learn in every transaction you make. And although a losing transaction can be a painful moment, it is a valuable lesson.

Summary

Day trading is a business and it’s important to understand all of the nuances of this business before risking real capital. Prior to risking you’re hard in cash, set up a checklist including finding a reliable broker, evaluating you’re trading tools and knowing your strategy before pulling the trigger. Carefully measure the costs of doing business to see if the risks you are willing to accept justify the rewards you seek. Additionally, you should determine your trading personality before you jump into a strategy that does not fit your risk tolerance and comfort level.

FXEmpire’s 2018 Best Broker Awards Winners

The FXEmpire Awards, first initiated in 2014, have become the cornerstone of trading awards in their class.  Our goal in creating these awards is to objectively reward the most deserving brokers that continuously strive to stand ahead of the pack, with the objective of pleasing their clients above all else.

Furthermore, we want to help traders make better choices about who they partner with and we hope that when traders see the awards displayed on the winning brokers’ website, they will feel confident about partnering with that company.

This year, we have seen over 20,100 participants voting for their choice of broker across the nine categories through a survey we hold on our website.  Some of the categories include:

Most Innovative Forex Broker, Most Promising Broker, Top CFD Broker, Top US Forex Broker and Best Cryptocurrency Broker.

Top CFD Broker 2018 – Plus500

Top CFD Broker 2017

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Offering over 2000 instruments for CFD traders, this FCA regulated broker is truly a force to be reckoned with in the CFD trading industry. Its millions of traders are well protected and receive some of the most evolved trading technology available in the market today. Established in 2008, Plus500 is owned by a London Stock Exchange AIM market listed company named Plus500 Ltd with a market capitalization of more than $1 billion. The Plus500 brand is managed by several subsidiaries with the main subsidiaries being Plus500UK Ltd and Plus500CY Ltd.

Start Trading with Plus500

*72% of retail CFD accounts lose money

Plus500 Regulations & Product Offerings

Operating under the umbrella of different subsidiaries in different parts of the world, the Plus500 brand is under the regulatory oversight of several regulatory bodies. In the UK, the broker is regulated by the Financial Conduct Authority while in Cyprus, it is under the jurisdiction of the Cyprus Securities & Exchange Commission. In the Australian market, Plus500 is regulated by the Australian Securities & Investments Commission.

To give its traders a secured and reliable platform for them to conduct their trading activities, Plus500 has provided them with a proprietary platform. The platform is available in different formats such as desktop client, a WebTrader, a mobile app and as a Mac application. With the Plus500 platform, you will be able to access in excess of 2000 CFD instruments covering the forex market, the stock market, the indices market and the cryptocurrency market.

With regards to the customer support service provided by Plus500, you can request assistance from the support team whenever you need help, as the service is available 24/7. There are various methods of communicating with the support team such as email and live chat. The website is also translated into more than two dozen different languages hence making it relatively easy to navigate around the website even if English is not your mother tongue.

Overall, one cannot help but be impressed by the large number of CFD instruments that are available for trading at Plus500. In addition to the broker’s large coverage of the markets, there are other benefits of trading the financial markets on the Plus500 platform. For starters, the broker is regulated across several jurisdictions ensuring your legal interests are protected. But most important of all, Plus500 has shown that it is able to meet the trading needs of more experienced traders.

Plus500 Full Review

Best Trading Experience 2018 – AvaTrade

Best Trading Experience 2017

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Why AvaTrade?

One of the pioneering Forex and CFD brokers in the trading arena, AvaTrade offers a well-rounded trading experience. It provides its traders with a wide selection of trading instruments, an eclectic mix of trading technology and a highly regulated trading environment. The overall experience, from landing on the website to signing up and then trading is smooth and faultless. Meanwhile, customer support is available around the clock to offer care and guidance in a highly professional and efficient manner. It is this streamlined journey that sets AvaTrade apart and wins it this year’s award for Best Trading Experience.

Start Trading with AvaTrade

The Company and Offering

Founded as AvaFx initially in 2006, AvaTrade is based in Dublin, Ireland. The broker also maintains several satellite offices in major cities such as Paris, Milan, Shanghai, Sydney, and Tokyo. In compliance with local requirements, AvaTrade has voluntarily submitted itself to be regulated by several domestic regulatory agencies such as Australian Securities & Investments Commission, Financial Services Agency and the Financial Futures Association of Japan, the Commodities Futures Association of Japan and the Financial Services Commission (British Virgin Islands).

Since its inception, the broker has grown by leaps and bounds. Today, it has more than 200,000 active accounts and executes in excess of 2 million transactions on a monthly basis. In striving to achieve the best trading conditions for its traders, AvaTrade offers a diversity of instruments for trading. These include Bitcoin, Bonds, currency pairs, commodities, equities, Exchange Traded Funds (ETFs) and market indices. There is also a wide selection of trading platforms to choose from. They range from the industry proven MetaTrader platforms to specialized platforms for automated trading such as ZuluTrade.

For traders who require assistance, AvaTrade is supported by a customer support team that is available 24 hours 5 days a week. The support staff are multilingual and can be contacted by email, fax, live chat, and telephone. With numerous awards under its belt, AvaTrade has certainly proven itself to be a capable and reliable broker. It is hardly surprising that the broker has also captured the title of being the broker that offers the best trading experience considering the many benefits such as low spreads, wide choice of trading platforms and a regulated trading environment that the broker has bestowed on its traders.

AvaTrade Full Review

Best Educational Broker 2018 – 24Option

Best Educational Broker

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Why 24Option?

In terms of providing its traders with the most comprehensive educational package in the industry, the title of the “Best Educational Broker” unquestionably goes to 24Option. The quality of the broker’s educational offering is second-to-none, ranging from courses, e-books, videos, articles, alerts, and webinars.

Initially established in 2009 as a binary options broker, 24Option has now gone on to focus on offering spot forex and CFDs trading services. The 24Option brand is owned by Rodeler Ltd with its headquarter located in Limassol, Cyrpus. For international clients, they are served by a Belize based sister company called Richfield Capital Ltd. Both the companies managing the brand are regulated, with Rodeler Ltd under the jurisdiction of the Cyprus Securities Exchange Commission and Richfield Capital Ltd under the International Financial Services Commission.

Start Trading with 24option

24Option Offering and Service

For market access, 24Option uses the Scipio trading platform which was developed in-house. While most brokers tend to prefer adopting third-party solutions for their trading platforms, 24Option has shown real commitment to its traders, by opting to roll out their own platform in order to have more control over the platform’s features and updates. Always with their customers’ needs in mind, 24Option has also made the popular MetaTrader 4 platform available to those who want to stick to something familiar.

Currently, 24Option offers spot forex and CFDs trading on a wide range of asset classes. They include more than a dozen different types of commodities, 18 different indices, more than 40 different currency pairs and hundreds of stocks from major exchanges around the world.

To ensure that its clients can receive assistance whenever they need it, 24Option has made its customer support services available on a 24/7 basis and accessible through email, live chat, Web Contact form and over the telephone. In addition, the broker has also translated its website into several different languages such as Arabic, French, German, Portuguese, Russian and Spanish.

24Option has definitely demonstrated itself to be a customer-oriented broker with its comprehensive educational support. Furthermore, 24Option has also excelled in other areas such as having localized and multilingual support, intuitive trading platforms and a wide range of trading assets. However, most important of all, 24Option is a regulated broker and it has already established itself as being a trustworthy and reliable broker.

24option Full Review

Best Customer Support 2018 – FXCM

Best Customer Support 2018

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With 24/7 customer support that is both efficient and helpful, FXCM is the undoubted winner of this category. The firm offers support through a variety of channels including email, free phone, live chat and even a physical office where clients are welcome to visit. Founded in 1999, FXCM or Forex Capital Markets has often being regarded as a pioneering online broker. It has been dubbed one of the fastest growing companies in the US by Inc. 500 List of America’s Fastest Growing Companies, no doubt an achievement assisted by the broker’s excellent customer support record over the years.

Start Trading with FXCM

FXCM Products & Services

Since the beginning of 2017, FXCM has shifted its focus to the international market. The new operations center is located at #20 Gresham Street, 4th Floor, London, UK. Currently, the three main regulatory bodies that are overseeing FXCM’s operations are the UK’s Financial Conduct Authority, the South African Financial Services Board, and the Australian Securities and Investments Commission.

For trading platforms, FXCM offers two main types of platforms, the flagship FXCM Trading Station and the MetaTrader 4 platform. The FXCM Trading Station is available in three versions, Trading Station Desktop, Trading Station Web and Trading Station Mobile. For MT4 fans, FXCM also offers an updated version of this popular and proven platform. As for the types of instruments available for trading, FXCM’s coverage of the markets included spot forex, precious metals, stock indices, the dollar index and international stocks. These instruments can be traded on the spot market or as CFDs with a leverage ratio as high as 400:1.

One of the key reasons why FXCM managed to clinch the title of having the Best Customer Support is the fact that the support is provided on a localized level on a 24/5 basis. To date, no other forex broker in the industry has been able to come close to the level of support provided by FXCM. This also shows the dedication which FXCM has in ensuring that all their clients’ needs are well looked after. With the dedicated support provided by FXCM, you can rest assured that your trading experience with this broker will be pleasant and worry-free.

FXCM Full Review

Best Mobile Trading Experience 2018 – Alpari

Best Mobile Trading Experience 2017

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Why Alpari?

Offering a seamless connection between mobile and desktop trading, Alpari is the clear winner of this category. Their app is user-friendly and intuitive and allows traders to conduct and execute trades and to stay on top of the markets throughout the day and night. The app is fast, easy to use and keeps traders up to date on market movements even when they are on the move. It is this app that helped make Alpari this year’s clear winner.

Established in 1998, the broker is one of the pioneering online forex brokers in the industry offering its clients a wide selection of quality services.  With its humble beginnings as a provincial firm in Russia, Alpari today has become one of the most respected brands among traders in the online trading community. The broker has always been an innovator and hence it’s clinching the title of being the broker with the best mobile trading experience has proven to be no surprise.

Start Trading with Alpari

Alpari Offering and Service

Based in Belize and regulated by the Financial Services Authority of Saint Vincent and the Grenadines and the International Financial Services Commission of Belize, Alpari operates under strict regulatory guidelines ensuring that your money with being managed properly and kept safe at all times. In the event of a dispute, Alpari also offers an impartial resolution service through the Financial Commission.

In addition to its versatile mobile trading app, Alpari also offers the MetaTrader 4 and MetaTrader 5 trading platforms for traders who want to trade the markets from their desktop computers. These platforms are widely adopted by brokers in the industry and have proven to be reliable. With these platforms, you can easily access the spot forex and metals markets as well as the CFDs market. There are 46 currency pairs on offer and 14 types of CFDs that you can trade in. Apart from these products, Alpari is also one of the few brokers in the industry offering binary options trading.

As part of its customer support service, Alpari has translated its website into 10 different languages. The support service is available 24 hours a day 7 days a week and is accessible through various channels such as email, live chat, Viber, Skype, and telephone.

Apart from offering its traders the best mobile trading experience, trading with Alpari also offers several other benefits such as competitive spreads, choice of trading accounts, intuitive platforms and regular promotional offers.

Alpari Full Review

Most Promising Broker 2018 – FBS

Most Promising Broker 2017

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With free deposit insurance, a wide range of assets, leverage of up to 3000 times and extremely low spreads, FBS comes in as this year’s Most Promising Forex Broker of 2017. Their website is a pleasure to visit and their platform is unparalleled for speed and usability. FBS was founded in 2009 and is owned and managed by a Belize based holding called FBS Markets Inc. Their head office is at #1, Orchid Garden Street, Belmopan, Belize. In addition to their Belize office, FBS also maintains several offices in its primary markets such as China, Indonesia, Korea, Malaysia, Myanmar, and Thailand.

Since its inception in 2009, FBS has focused primarily on the Asian markets. In fact, the numerous awards which FBS has won over the years reflect the commitment that the broker has to its customer base in Asia. For example, FBS has been nominated the “Fastest growing broker Asia” and the “Best Forex Broker Asia”. Today, the broker has served more than 2.5 million traders worldwide and has executed over 200 million trades.  It is for all these reasons that FBS wins this year’s FXEmpire’s Most Promising Broker award.

Start Trading with FBS

FBS Service and Offering

Operating from Belize, FBS is regulated by the Belize Financial Services Commission. This means FBS is required to operate according to strict regulatory requirements and must conduct its operations in accordance with the industry best practices.

To provide its traders with access to the financial markets, FBS has provided them with the MetaTrader 4 and MetaTrader 5 trading platforms. Developed by MetaQuotes Software, these platforms have become the industry standard platform due to their widespread usage. Mobile trading is also supported by an app which can be downloaded from Google Play Store or Apple App Store. With these platforms, traders at FBS can trade in 3 main markets, namely the currency market, the precious metal market and the CFDs market.

Ensuring that its customers will be able to get the help that they need whenever they need it, FBS has made its customer support service available on a 24/7 basis and accessible through email, live chat, and telephone. The website is also translated into several Asian languages to enable non-English speaking traders to navigate the website confidently. In addition, the support services are also available in several languages.

Considering the efforts which FBS has put into their operations, it is easy to see why they have managed to clinch the title as 2017 Most Promising Broker. They offer a safe and secure platform and they have ensured that their customer team will be able to communicate effectively with the traders.

FBS Full Review

Most Innovative Broker 2018 – FXTM

Most Innovative Broker 2017

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With many features that you will not see with other competing brokers, FXTM is this year’s outstanding winner of the Innovation category. Their product includes a large array of trading accounts, different types of payment methods and interesting promotions. Established in 2011, FXTM or ForexTime is a multi-award-winning forex broker that is based in Cyprus. The broker is well known to traders in the online trading community for offering state of the art trading tools and a secured trading environment for them to carry out their trading activities. Over the years since its inception, the broker has earned a reputation as a customer-oriented broker. This is evident from the kind of services offered by the broker.

Start Trading with FXTM

FXTM Regulations and Offerings

Operating through a group of subsidiaries, the FXTM brand today is recognized as a global brand. Apart from being a regulated platform under the Cyprus Securities and Exchange Commission, the FXTM brand also operates under the jurisdiction of the UK’s Financial Conduct Authority, the International Financial Services Commission of Belize and the South African Financial Services Board.

There are two main types of trading platforms available at FXTM, the MetaTrader 4 platform, and the updated MetaTrader 5 platform. Both these platforms are available in different versions such as desktop client, a WebTrader and as a mobile trading app. The broker has also provided support for Mac users. By providing its clients with so many versions of the MT4 and MT5, FXTM has ensured that all trading needs of its traders can be satisfied.

In terms of market coverage, FXTM is able to offer spot forex, spot metals and CFDs on commodities, stock, market indices and cryptocurrencies. Apart from its wide coverage of the markets, FXTM has also provided support for more than 30 payment methods. This is by far the largest number of payment methods that any broker has been able to provide.

With its multilingual support staff available on a 24/7 basis, you can be assured of getting assistance from the broker whenever it is needed. The broker rightly deserves its title as being the Most Innovative Broker for 2017 as it has been able to offer a level of service and forward thinking product second to none.

FXTM Full Review

Best Cryptocurrency Broker 2018 – eToro

Best Cryptocurrency Broker 2017

eToro 2

eToro has already made a splash in the world of cryptocurrency trading, with its new crypto trading product. It offers instant trades, unlimited withdrawals, and secured trading. eToro is a step ahead with its cryptocurrency offering. In fact, eToro was one of the first few mainstream brokers in 2014 to offer cryptocurrency trading as part of their CFD trading package. At a time when Bitcoin could only be bought or sold as a cryptocurrency, the ability to trade Bitcoin as a CFD derivative certainly opened up new opportunities for cryptocurrency investors.

Founded in 2006, eToro has always been known as an industry innovator. The broker was the first forex broker that embraced the idea of social trading and made it a reality for tens of thousands of traders from all over the world when the Openbook copy trading platform was first unveiled.

Start Trading with eToro

eToro Service and Offering

Based in Cyprus, eToro is regulated by both the UK’s Financial Conduct Authority and the Cyprus Security Exchange Commission. As a regulated financial services provider of these two regulatory bodies, your funds are protected under the UK’s Financial Services Compensation Scheme and the Cypriot Investor compensation scheme. The maximum coverage under each scheme is 50,000 pounds and 20,000 euros respectively.

Since the introduction of the industry’s first social trading platform, eToro has moved on to further develop its platforms into a new platform called the CopyTrader. Proprietary in nature, the CopyTrader system allow traders access to a wider range of markets as an independent trader or as a copy trader. Designed to be user-friendly, the platform is efficient and requires no training to operate. The CopyTrader platform is also available as a mobile app.

With eToro’s trading platform, you will have access to a large selection of instruments such as stocks, commodities, precious metals, ETFs and currency pairs. As mentioned, earlier, Bitcoin trading is also available on the eToro platform.

As for customer support, you can get assistance from the support team 25 hours a day during the entire trading week. The support team can easily be reached email, fax or by calling them directly on the phone. Their website is also available in several different languages for the benefit of traders whose mother tongue is not the English language.

Cryptocurrency trading is now the rage of the financial world. By allowing traders to trade Bitcoin as a CFD instrument, eToro has made this market more accessible to the average investor. Nevertheless, cryptocurrency trading is not the only benefit that you derive by signing up with this award-winning broker. The broker offers easy access to the financial markets by providing its traders with a low initial deposit requirement and a powerful yet simple trading platform.

eToro Full Review

Top US Forex Broker 2018 – Forex.com

Top US Forex Broker

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Forex.com offers trading opportunities in more than 180 global markets across a wide range of assets. The firm offers cash rebates, trade signals and a market strategist tool to its traders. The broker is part of the New Stock Exchange listed company Gain Capital Holdings Inc. Based in the US, Forex.com office is located at #135 US Highway 202/206. Bedminster, New Jersey. A well-rounded and innovative broker offering a diverse range of markets, Forex.com through the support of its parent company Gain Capital Holdings has earned the title of being the Top US Forex Broker in the salubrious FXEmpire broker awards.

Start Trading with Forex.com

Forex.com Service and Offering

With its roots going as far back as 1999, Forex.com is a brand that is managed by a subsidiary of the Gains Group called GAIN Global Markets Inc. The subsidiary is based in the Cayman Islands and comes under the jurisdiction of the Cayman Islands Monetary Authority. In addition, Forex.com through its sister companies and affiliates are regulated in 6 different jurisdictions.

For trading platforms, Forex.com has provided two main types of platforms. Their flagship platform is the proprietary FOREXTrader. The platform comes integrated with a wide range of tools and offers a world-class trading experience. Apart from the in-house platform, you also have the choice of the MetaTrader 4 platform. Well-liked by traders from all over the world, the MT4’s distinguishing feature is its ability to support automated trading through programs called Expert Advisors.

With these two platforms, Forex.com offers access to forex, commodities and Indices markets. These different assets can be traded on the spot market or as a CFD instrument. In total, you have a choice of 42 forex pairs, a dozen commodities and 10 market indices to choose from. For customer support, you can reach the support team through email, live chat, and telephone. The support service is available through 10 am Sunday to 5 pm Friday (ET).

With strong support from its parent company and high-quality services offered by the broker, there is no doubt that Forex.com is deserving of the title of the Top US Forex Broker for 2017.

Forex.com Full Review

Alpari’s trading turnover in 2017 exceeded 1.3 trillion USD

This was largely a result of growth in trader and investor activity, high volatility on currency markets, improvements to our product line, the development of investment and technological services, and improvements to the quality of services offered to our clients. As such, Alpari is confident in maintaining its leadership across many of the markets in which it operates, both in terms of client volume and number of trading operations.

Last year, the EURUSD pair retained its position as the most popular currency pair among Alpari clients across the world. This pair saw an increase in trading turnover of nearly 30%. Among the major currency pairs, those involving the Japanese yen have seen a significant increase in turnover; most notably USDJPY, GBPJPY, and EURJPY. Turnover on all these instruments increased by a factor of more than 1.5, with values ranging from 57% to 77%. The AUDUSD and USDCAD currency pairs also saw notable increases in turnover.

Alpari clients continue to show increased interest in trading gold. Trading turnover on the XAUUSD instrument grew by 37% on the previous year.

We’ve also seen a steady influx of clients to our PAMM account and PAMM portfolio investment services. By the end of 2017, there were more than 25,000 active investors across our PAMM service and more than 4,000 managers. The PAMM service as a whole saw an average monthly turnover in excess of 15bn USD throughout the year.

“The Alpari brand is preparing to open a new chapter in its work on European Union markets. Last year’s key event in this regard was the granting of an investment broker’s license by the Financial and Capital Market Commission of Latvia. We expect Alpari Europe IBS AS; part of the international financial Alpari brand, to officially launch operations in the first half of 2018. In addition to this, we are continuing to expand our operations in Southeast Asia, Latin America, Mauritius, and other countries in the Indian Ocean region.” – Andrey Dashin, owner of the international financial Alpari brand.

Last year, the number of people using Alpari’s mobile applications for working on the foreign exchange market surpassed 400,000. This marks an increase of around 300,000 people. Alpari currently boasts 3 mobile applications in its product range; Alpari Invest, Alpari Options, and Alpari Mobile. The functionality of these applications is constantly being improved and the number of downloads in countries across the world continues to grow.

Gala Reception Held in Mauritius to Mark Alpari’s 4th Anniversary in the Region Attended by Top Government Representatives

To mark the 4th anniversary of Alpari’s presence in Mauritius, a gala reception was held on the 27th of October, 2017, in Eben, the country’s business capital. The gala, organized by the company, was attended by some of Mauritius’ top government representatives, including the Prime Minister, the finance minister, interior minister, and other officials. Guests were welcomed with an opening speech by the owner of the international Alpari brand, Andrey Dashin, who emphasized the key role played by Mauritius in the company’s development.

“Mauritius, with its flexible and progressive legislation, offers favorable conditions for conducting business. The transparency of government regulators and their business approach create a positive business climate for Alpari and other international companies and lay the foundation for long-term cooperation. Alpari plans to continue its successful development on global markets and to further contribute to establishing Mauritius as an international financial centre.” – noted Andrey Dashin.

Pravind Jugnauth, the Prime Minister of Mauritius, was keen to stress that the presence of such major players on the international market as Alpari is evidence of a high level of confidence in Mauritius. The government is constantly working to improve the country’s business climate and regulatory framework, particularly in the financial sector, which undoubtedly attracts foreign business to the country. Jugnauth further expressed hope that his government’s working relationship with Alpari would continue to develop. Today, Mauritius has the potential to become a recognised financial centre.

Alpari’s Trading Turnover for August exceeds 120bn USD

In the month of August, the trading turnover of the international financial brand Alpari, owned by Andrey Dashin, showed an increase of 14% on July across key markets, reaching a total of 120.8bn USD. The primary driver behind this growth was trading on the US dollar, which has seen increased volatility and trader activity over the last month.

The dollar features in each of the 5 currency pairs with the highest trading turnover over the last month. These are EURUSD, GBPUSD, USDJPY, XAUUSD, and USDCAD. Each of these pairs saw a growth in turnover in August, most of all the EURUSD pair, turnover on which increased by 35% in the last month of summer.

Last month, Alapri CryptA Capital investment portfolio continued to steadily gain popularity from international investors. This portfolio allows them to earn from fluctuations in the exchange rates of Bitcoin, Litecoin and Ethereum. The minimum investment in it remains a very accessible 100 USD.

Cyprus’ Prospects for Economic Development – Interview With Andrey Dashin, Founder of Alpari

The Republic of Cyprus successfully overcame the consequences of the 2013 global debt crisis. Today, we will discuss Cyprus’ prospects for economic development, its key growth areas and its revival as a financial centre in an interview with Andrey Dashin, the owner of the renowned brokerage companies, FXTM and Alpari.

You’ve been living in Cyprus for quite a while now. Was moving here your heart’s decision, or was it for business reasons?

A few years ago, I chose Cyprus as the ideal place to both live and work for several reasons. As far as work is concerned, Cyprus boasts one of the most developed financial infrastructures in the European Union. From here, I’m able to effectively monitor the activities of my businesses internationally. Moreover, the bulk of my company’s (Alpari & FXTM) operations are mainly executed from Cyprus. As for living here, Cyprus is one of the most environmentally friendly countries in Europe and therefore a great place for me to raise my children.

Do you see Cyprus being revived as an international business centre in the near future?

Since Cyprus successfully dealt with the consequences of the global debt crisis in 2013, the island’s economy has opened itself to new opportunities for development.

I’ve always been convinced that Cyprus has a lot of potential, and now I firmly believe that it has a bright future ahead of it.

This country will eventually regain its credibility and neutralise the negative consequences of the crisis.

Because of this, the revival of Cyprus as a major international business centre is more than a mere possibility. However, in order to do this, it’s of paramount importance to restore Cyprus’ standing as a centre for financial services and to address the country’s most systemic economic problem; bureaucracy. As we all know, businesses operate at a high pace, with no time for waiting. In this regard, long confirmation periods are a hindrance to attracting investors back to Cyprus.

How do you rate Cyprus’ economic situation at this particular moment in time?

The island has already weathered the worst of the crisis, and is gradually regaining lost ground. It’s worth noting that Cyprus was one of the first countries in the Eurozone to beat deflation in 2016. Nevertheless, it remains one of the Eurozone’s leading debtors, with government debt exceeding 8% of GDP. Still, Cyprus is in a position to service this debt given that the country avoided a large-scale collapse of its banking system, thanks to the skillful actions of the Cypriot authorities and their rich experience in carrying out financial operations. Today, businesses continue to show a willingness to open offices here and it’s a definite step in the right direction.

What are the key growth areas for Cyprus as you see it?

Let us first recount the recent history of the island. During the period from 1990 to 2004, international investment transformed Cyprus from a large fishing village into a major international bank.

Cyprus’ geographical location, along with its tax policies and business climate, make it the perfect place for businesses and investors looking to enter the European market, and for European businesses looking to expand into international markets.

Of course, Cyprus’ accession to the European Union in 2004 has had a huge effect on their economy. Joining the EU provided the island nation with vastly increased opportunities for carrying out financial operations as well as for attracting additional investment.

The positive changes that have been brought about in Cyprus’ economy are clear to see for anyone who lives on or regularly visits the island. The most obvious changes can be seen in the financial services, renewable energy sources, offshore oil and gas extraction, shipping, logistics, and, of course, tourism. The prediction I made in 2013 is slowly coming true. Back then, I said that Cyprus would restore its status as an international financial centre by 2018.

In my opinion, stable economic growth, which Cyprus has been enjoying in recent times, as well as stability in a country’s financial infrastructure, increasingly attracts the attention of players in the global Forex industry. Moreover, such tendencies will only gain momentum as time goes on.