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Vonway Forex Review
Vonway Forex is an online trading broker owned by Vonway Global Limited and located at Suite 305, Griffith Corporate Centre, P.O.Box 1510, Beachmont, Kingstown, St. Vincent and the Grenadines.To get more news about vonway review, you can visit wikifx.com official website.
The first step to protecting yourself from fraudulent parties online is to do thorough due diligence on the companies and entities that you are planning to send the funds to. In all probability, there have been other users who have already used the same service, and have expressed their opinions and feedback online on various forums.
After conducting some research on various social media platforms (Facebook, Twitter, Instagram), as well as online trading forums, a general theme emerged where users were dissatisfied with their experience with Vonway Forex. Based on this user feedback, it appears that Vonway Forex is not a trustworthy broker, and hence, extreme caution should be applied before investing through their brokerage platform.
There are a lot of brokers out there operating under fake company names or that have other fraudulent operations. A little bit of preliminary research can go a long way in protecting you and your finances.
Is Vonway Forex Legit or a Scam?
When searching for brokers to conduct your trading activities with, the first and most important step should always be to learn about their certification(s). This will tell you whether they are regulated by a central authority or if Vonway Forex is an offshore and/or unregulated entity.
When a broker is unregulated or regulated by an entity outside of your jurisdiction, you have limited to no legal recourse in the event that your funds are compromised. In an event of theft, complaints can only be made if that broker is licensed by the regulator in your jurisdiction. Some examples of regulatory authorities that issue brokerage licenses are:
How Online Trading Scams Work?
One of the most prevalent online trading scams is to initially display profitable trades that give the investor a false sense of confidence, and get them hooked to the idea of ‘easy money’. Once this confidence is established, the investor will be marketed the idea of investing more money to earn greater returns. Additionally, other incentives may also be provided to encourage the investor to get their friends and family onboard the platform too.
Once the brokerage believes that they have extracted all available funds from an investor and his/her network, they will then proceed to suspend the account, and the investor will no longer be able to access the funds put in.
Many fraudulent firms will even claim to be domiciled in a regulated jurisdiction, and display fake regulatory licenses and addresses on their websites to try and improve their credibility with unsuspecting investors.
Be careful and verify your information through multiple sources. Constant vigilance should be applied at all times when sending money online.
After conducting some research on various social media platforms (Facebook, Twitter, Instagram), as well as online trading forums, a general theme emerged where users were dissatisfied with their experience with Vonway Forex. Based on this user feedback, it appears that Vonway Forex is not a trustworthy broker, and hence, extreme caution should be applied before investing through their brokerage platform.
There are a lot of brokers out there operating under fake company names or that have other fraudulent operations. A little bit of preliminary research can go a long way in protecting you and your finances.
Is Vonway Forex Legit or a Scam?
When searching for brokers to conduct your trading activities with, the first and most important step should always be to learn about their certification(s). This will tell you whether they are regulated by a central authority or if Vonway Forex is an offshore and/or unregulated entity.
When a broker is unregulated or regulated by an entity outside of your jurisdiction, you have limited to no legal recourse in the event that your funds are compromised. In an event of theft, complaints can only be made if that broker is licensed by the regulator in your jurisdiction. Some examples of regulatory authorities that issue brokerage licenses are:
How Online Trading Scams Work?
One of the most prevalent online trading scams is to initially display profitable trades that give the investor a false sense of confidence, and get them hooked to the idea of ‘easy money’. Once this confidence is established, the investor will be marketed the idea of investing more money to earn greater returns. Additionally, other incentives may also be provided to encourage the investor to get their friends and family onboard the platform too.
Once the brokerage believes that they have extracted all available funds from an investor and his/her network, they will then proceed to suspend the account, and the investor will no longer be able to access the funds put in.
Many fraudulent firms will even claim to be domiciled in a regulated jurisdiction, and display fake regulatory licenses and addresses on their websites to try and improve their credibility with unsuspecting investors.
Be careful and verify your information through multiple sources. Constant vigilance should be applied at all times when sending money online.
ActivTrades Review 2023
The ActivTrades broker has been operating since 2001. The company allows clients to trade on the Forex market, CFDs on stocks, ETFs, and other instruments. In total, the broker has six types of assets available. ActivTrades is headquartered in London, with additional offices in Milan, Sofia, and Nassau. The company operates under two licenses, the UK (FCA), the Bahamas (SCB), the CSSF (Luxembourg) and CONSOB (Italy). During its tenure, the broker has received 26 awards.To get more news about activtrades review, you can visit wikifx.com official website.
This broker is ideal for me and there’s no better company for trading. Forex spreads are very tight here, from 0.5 pips. Not only are currency pairs available for trading, but also a vast array of other instruments, such as: CFDs on stocks, ETFs, commodities, indices, metals, and more than 1,000 positions in total. I am overjoyed with their convenient add-ons for technical analysis and deal management. I actively use SmartLines and SmartOrder. They are designed for seasoned professionals, but a beginner can figure it out in two shakes. Also, the broker has a convenient trading terminal with a proprietary design. There are loads of functions for analyzing charts, and the speed is optimal. For classic lovers, there are MT4 and MT5 terminals. I like everything, and I do not plan to change the broker.
The speed of execution of transactions is vital for managing clients' assets. And ActivTrades has a high rate of 0.004 seconds. Trading conditions are eye-catching, with the possibility of using leverage up to 1:400 on professional accounts. I am actively trading CFDs with a broker and am pleased with the choices, which include more than 500 ETF contracts, more than 600 contracts for shares, and the ability to trade shares in three markets. Fees for CFDs on stocks are profitable at 0.02 USD per lot for American stocks, and that suits me. Analytics and the ability to obtain market data are also mind-blowing. The broker made a good impression, no technical problems were observed during my work sessions. Among the disadvantages for beginners is the lack of options for passive earnings. Nevertheless, this is a must-have for a broker.
I always choose brokers based on reliability. And there are no questions that ActivTrades fits the bill. Regulation by the reputable FCA regulator and large deposit insurance (up to 1 million USD) inspires confidence in the company. The broker is well suited for traders who work on Forex. But there are practically no instruments for investors. I use this broker to trade stock CFDs. But I would like to get investment tools such as PAMM, copy-trading services, etc. I would also like to note that 500 bucks are not a small deposit for beginners. Take this nuance into account. But the broker's training program is excellent, there are a lot of training and webinars.
ActivTrades is a broker that has been providing services on the market for over 20 years. The company is focused primarily on active traders. More than 1,000 instruments and favorable trading conditions (spreads from 0.5 pips) are offered. The broker has practically no instruments for passive investments. The company has a medium-sized entry threshold of $500, and there is a demo account. It is worth noting the high-quality training for beginners. The broker regularly conducts webinars that are of interest to both novice and experienced clients who seek to improve their trading skills.
ActivTrades offers clients individual and professional account types. For private traders, the company limits the leverage to a maximum of 1:30. Professionals can work with leverage up to 1:400. Traders who open a Professional account with 1:1 leverage and no swaps can trade CFDs on shares with a zero fee.
ActivTrades is a trusted broker that is regulated by the FCA and SCB. For additional security of clients, the broker maintains deposit insurance up to $1 million and protection against a negative balance. The company is focused on different regions and has a wide audience of users from various countries. Affiliate programs allow private traders to receive bonuses and institutional investors to improve the quality of their services.
This broker is ideal for me and there’s no better company for trading. Forex spreads are very tight here, from 0.5 pips. Not only are currency pairs available for trading, but also a vast array of other instruments, such as: CFDs on stocks, ETFs, commodities, indices, metals, and more than 1,000 positions in total. I am overjoyed with their convenient add-ons for technical analysis and deal management. I actively use SmartLines and SmartOrder. They are designed for seasoned professionals, but a beginner can figure it out in two shakes. Also, the broker has a convenient trading terminal with a proprietary design. There are loads of functions for analyzing charts, and the speed is optimal. For classic lovers, there are MT4 and MT5 terminals. I like everything, and I do not plan to change the broker.
The speed of execution of transactions is vital for managing clients' assets. And ActivTrades has a high rate of 0.004 seconds. Trading conditions are eye-catching, with the possibility of using leverage up to 1:400 on professional accounts. I am actively trading CFDs with a broker and am pleased with the choices, which include more than 500 ETF contracts, more than 600 contracts for shares, and the ability to trade shares in three markets. Fees for CFDs on stocks are profitable at 0.02 USD per lot for American stocks, and that suits me. Analytics and the ability to obtain market data are also mind-blowing. The broker made a good impression, no technical problems were observed during my work sessions. Among the disadvantages for beginners is the lack of options for passive earnings. Nevertheless, this is a must-have for a broker.
I always choose brokers based on reliability. And there are no questions that ActivTrades fits the bill. Regulation by the reputable FCA regulator and large deposit insurance (up to 1 million USD) inspires confidence in the company. The broker is well suited for traders who work on Forex. But there are practically no instruments for investors. I use this broker to trade stock CFDs. But I would like to get investment tools such as PAMM, copy-trading services, etc. I would also like to note that 500 bucks are not a small deposit for beginners. Take this nuance into account. But the broker's training program is excellent, there are a lot of training and webinars.
ActivTrades is a broker that has been providing services on the market for over 20 years. The company is focused primarily on active traders. More than 1,000 instruments and favorable trading conditions (spreads from 0.5 pips) are offered. The broker has practically no instruments for passive investments. The company has a medium-sized entry threshold of $500, and there is a demo account. It is worth noting the high-quality training for beginners. The broker regularly conducts webinars that are of interest to both novice and experienced clients who seek to improve their trading skills.
ActivTrades offers clients individual and professional account types. For private traders, the company limits the leverage to a maximum of 1:30. Professionals can work with leverage up to 1:400. Traders who open a Professional account with 1:1 leverage and no swaps can trade CFDs on shares with a zero fee.
ActivTrades is a trusted broker that is regulated by the FCA and SCB. For additional security of clients, the broker maintains deposit insurance up to $1 million and protection against a negative balance. The company is focused on different regions and has a wide audience of users from various countries. Affiliate programs allow private traders to receive bonuses and institutional investors to improve the quality of their services.
XTrend Speed Review 2023
XTrend Speed is a classic broker providing CFD trading services for all major types of financial assets. The company works with traders from over 170 countries. The regulator of XTrend Speed is FSCA (South Africa), and CySEC is the regulator of Xtrend's subsidiary, which represents the mobile platform Micro Trading.To get more news about xtrend speed review, you can visit wikifx.com official website.
This is a good broker for active trading. It has everything from currency pairs to cryptocurrencies. The interesting mobile platform has a user-friendly interface and no overload of functions and buttons. It has high commissions, but it is not critical if you open long-term positions. My opinion of the application is positive.
The Xtrend mobile app is a good idea for those who see trading not as their main job, but as a pastime and for those who enjoy participating, but not for profit. I am often on business trips and can’t fully trade on my computer or laptop. I installed the Xtrend app and sometimes open and close Bitcoin trades. I don't need complex functional trading platforms and don't want to understand it all in-depth. I installed Xtrend on my smartphone and opened trades with a couple of clicks. I don't have a goal to earn 100% a month, I don't do technical analysis. When I hear the news and see a growing trend, I open a small position. I don’t feel sorry for my money in case I make a loss. I like the process, the trading excitement, and the understanding that I am part of the financial markets.
I read the FAQs section of the Xtrend mobile platform and have many questions. First, what does "minimum lot size 100" mean? What asset is it for? If there are only a few currency pairs, what do they mean by 100? Second, why does it say sometimes that the deposit amounts to $50 and sometimes it is $5? Third, the FAQs indicated the currency of the deposit is USD, while the withdrawal section also indicated EUR and GBP? And these are just questions about the mobile app itself! I couldn't find any info about deposit/withdrawal on XTrend Speed's main website, and no information about trading terms. If I have to ask for support, is it worth my time? There are more questions than answers.
We need to be clear about the brands. There are two companies: Rynat Capital and Rynat Trading. The companies are registered in different jurisdictions but share the same corporate mark. Rynat Capital owns the rights to the XTrend Speed brand and is a classic broker whose website has a relative lack of information. Rynat Trading owns the XTrend brand, a mobile trading platform that complements the information the XTrend Speed website doesn’t have. And both websites prove that XTrend Speed and XTrend can be considered as one.
The company offers trading of over 150 assets on two platforms: MT4 and STrader. MT4 implies adding custom indicators and algorithmic trading. STrader is focused on social trading.
An evaluation of the XTrend Speed (XTrend) broker, results in a solid 4 on a 5-point scale. It can be said that the developers' attempt to offer a budget niche version of the trading product was a success, but the platform and the idea itself require improvement. The broker focuses on mobile trading. The developers position their product as a Micro Trading application for those who like to trade on the go.
XTrend Speed investment programs are represented by external and internal social trading services. The external service is the MQL5 community trade copying service and it is available from the MT4 platform. Any XTrend Speed client can subscribe to it after registration on the MQL5 website and linking the live deposited account to the platform. The feature is a paid subscription irrespective of the signals provider's performance.
STrader is social trading for active investors
STrader is XTrend Speed’s trading platform and has the service of transaction copying integrated into it. The signal providers are traders of the broker. An investor connects his account to one or more traders, then their trades are automatically copied to his account. The investor can disconnect from an account at any time. For successful trades, the investor receives remuneration from the investor's profit.
This is a good broker for active trading. It has everything from currency pairs to cryptocurrencies. The interesting mobile platform has a user-friendly interface and no overload of functions and buttons. It has high commissions, but it is not critical if you open long-term positions. My opinion of the application is positive.
The Xtrend mobile app is a good idea for those who see trading not as their main job, but as a pastime and for those who enjoy participating, but not for profit. I am often on business trips and can’t fully trade on my computer or laptop. I installed the Xtrend app and sometimes open and close Bitcoin trades. I don't need complex functional trading platforms and don't want to understand it all in-depth. I installed Xtrend on my smartphone and opened trades with a couple of clicks. I don't have a goal to earn 100% a month, I don't do technical analysis. When I hear the news and see a growing trend, I open a small position. I don’t feel sorry for my money in case I make a loss. I like the process, the trading excitement, and the understanding that I am part of the financial markets.
I read the FAQs section of the Xtrend mobile platform and have many questions. First, what does "minimum lot size 100" mean? What asset is it for? If there are only a few currency pairs, what do they mean by 100? Second, why does it say sometimes that the deposit amounts to $50 and sometimes it is $5? Third, the FAQs indicated the currency of the deposit is USD, while the withdrawal section also indicated EUR and GBP? And these are just questions about the mobile app itself! I couldn't find any info about deposit/withdrawal on XTrend Speed's main website, and no information about trading terms. If I have to ask for support, is it worth my time? There are more questions than answers.
We need to be clear about the brands. There are two companies: Rynat Capital and Rynat Trading. The companies are registered in different jurisdictions but share the same corporate mark. Rynat Capital owns the rights to the XTrend Speed brand and is a classic broker whose website has a relative lack of information. Rynat Trading owns the XTrend brand, a mobile trading platform that complements the information the XTrend Speed website doesn’t have. And both websites prove that XTrend Speed and XTrend can be considered as one.
The company offers trading of over 150 assets on two platforms: MT4 and STrader. MT4 implies adding custom indicators and algorithmic trading. STrader is focused on social trading.
An evaluation of the XTrend Speed (XTrend) broker, results in a solid 4 on a 5-point scale. It can be said that the developers' attempt to offer a budget niche version of the trading product was a success, but the platform and the idea itself require improvement. The broker focuses on mobile trading. The developers position their product as a Micro Trading application for those who like to trade on the go.
XTrend Speed investment programs are represented by external and internal social trading services. The external service is the MQL5 community trade copying service and it is available from the MT4 platform. Any XTrend Speed client can subscribe to it after registration on the MQL5 website and linking the live deposited account to the platform. The feature is a paid subscription irrespective of the signals provider's performance.
STrader is social trading for active investors
STrader is XTrend Speed’s trading platform and has the service of transaction copying integrated into it. The signal providers are traders of the broker. An investor connects his account to one or more traders, then their trades are automatically copied to his account. The investor can disconnect from an account at any time. For successful trades, the investor receives remuneration from the investor's profit.
Veracity Markets (VeracityMarkets) Review 2023
Veracity Markets is an STP and ECN broker, which has been providing online access to trading Forex and CFD instruments since 2020. The broker’s focus is the traders from African countries, although the company accepts clients from all around the world. The broker offers 250+ instruments for trading, a wide selection of accounts, 24h support and the most popular trading platforms MT4 and MT5. The operation of Veracity Markets is regulated by the Financial Sector Conduct Authority (FSCA).To get more news about veracity markets review, you can visit wikifx.com official website.
Veracity Markets appeared in the market quite recently. I learned about it three months ago and opened an account right away. I didn’t like the work of customer support right away; the operators responded vaguely, without providing specific information. Some questions were answered by parts of text simply copied from the website. So what is the purpose of customer support then? Well, that’s not the most important thing in a broker, so let me go over the conditions. Order execution speed is excellent, the platform operates quickly, while the spreads on the Standard Account are high. I haven’t reached the level of an ECN account, so I invest in MAM and trade indices from time to time via Veracity Markets. For Forex trading I use a different broker.
Veracity Markets hasn’t impressed me that much, because dozens of other brokers offer similar trading conditions. The spreads are floating and with a tranquil market they are average. You can trade with leverage up to 1:500 and that’s enough for me. It takes the broker a very long time to withdraw money via a wire transfer. On some occasions I had to wait for 3 or even 5 days. Transfers to electronic wallets are instant, but a fee is charged. The broker does not offer bonuses, while the partnership programs are only available to companies. I still trade on Veracity Markets sometimes, but not very often.
I’ve been trading with Veracity Markets for almost a year and so far I haven’t been disappointed. I started working with an ECN account on MT4 right away. I trade stock and index CFDs, and the broker does not charge any additional commissions, only spread. Withdrawals via a wire transfer take a bit long, but the most important thing is that the money is transferred, so it is worth waiting for a couple of days. Also, you have to search other websites for analytics and news. I didn’t like it at first, but now I’ve just gotten used to it. I like it that you can use Expert Advisors. I don’t care much about the bonuses. We all know that in the majority of cases you have to work them off, therefore I’m even happy that there aren’t any unnecessary temptations.
Veracity Markets is a private South African company with offices in Cape Town and Sandton, which was established in 2020. It is an execution-only intermediary and uses regulated liquidity providers for clearing the trades of its clients. The broker works not only with the traders from South Africa. At the moment, it services more than 300,000 trading accounts of clients from all around the world.
Veracity Markets offers dynamic leverage: its value automatically adjusts to the used margin and trading volume of a chosen financial instrument. Therefore, as the trading volume increases the percentage of the margin also increases in accordance with the dynamic value of leverage for an asset. Clients have access to a wide range of trading accounts with floating spreads from cent accounts to ECN. The minimum deposit on all account types is $250.
The spread on the accounts that are not for professional trading start from 1.6-2 pips. The number of available Forex pairs is 38, which is fewer than other brokers offer. Also, Veracity Markets does not provide access to trading via WebTrader. The available platforms MT4 and MT5 must be installed on a PC, tablet or smartphone.
Veracity Markets does not offer its own investment options, but its clients can use all available passive income features offered by MT4 and MT5. The company allows traders to use Expert Advisors, copy signals from MQL5.com or provide signals. Also, for additional profit, clients can connect to MAM service and participate in partnership programs that offer different types of rewards.
Multi-Account Manager — a passive income service
Multi-Account Manager or MAM allows managers to execute trades on an unlimited number of connected sub-accounts. At that, the funds of the manager and investors are separated and the manager does not have access to the deposits of the subscribers. The main features of MAM service include:
An investor can monitor trades and profit in real time mode.
There is no account servicing fee for MAM accounts. Investors connect to the system for free.
Several types of distribution are available: Balance, Lot, Percentage or Equity.
An unlimited number of investors can connect to the manager’s account.
After a trader chooses the manager and connects to his/her account, all trades executed on it are mirrored on the sub-accounts of subscribers. If the manager executes a successful trade, both parties win: an investor earns profit without trading on their own and the manager earns a part of profit of the subscribers, thus increasing his/her total profit.
Veracity Markets offers dynamic leverage: its value automatically adjusts to the used margin and trading volume of a chosen financial instrument. Therefore, as the trading volume increases the percentage of the margin also increases in accordance with the dynamic value of leverage for an asset. Clients have access to a wide range of trading accounts with floating spreads from cent accounts to ECN. The minimum deposit on all account types is $250.
The spread on the accounts that are not for professional trading start from 1.6-2 pips. The number of available Forex pairs is 38, which is fewer than other brokers offer. Also, Veracity Markets does not provide access to trading via WebTrader. The available platforms MT4 and MT5 must be installed on a PC, tablet or smartphone.
Veracity Markets does not offer its own investment options, but its clients can use all available passive income features offered by MT4 and MT5. The company allows traders to use Expert Advisors, copy signals from MQL5.com or provide signals. Also, for additional profit, clients can connect to MAM service and participate in partnership programs that offer different types of rewards.
Multi-Account Manager — a passive income service
Multi-Account Manager or MAM allows managers to execute trades on an unlimited number of connected sub-accounts. At that, the funds of the manager and investors are separated and the manager does not have access to the deposits of the subscribers. The main features of MAM service include:
An investor can monitor trades and profit in real time mode.
There is no account servicing fee for MAM accounts. Investors connect to the system for free.
Several types of distribution are available: Balance, Lot, Percentage or Equity.
An unlimited number of investors can connect to the manager’s account.
After a trader chooses the manager and connects to his/her account, all trades executed on it are mirrored on the sub-accounts of subscribers. If the manager executes a successful trade, both parties win: an investor earns profit without trading on their own and the manager earns a part of profit of the subscribers, thus increasing his/her total profit.
TopFX Review
What is TopFX?
TopFX is an international multi-asset brokerage firm specializing in liquidity provision. The broker has been providing liquidity solutions to brokers and other investment firms since 2010. They provide leveraged trading of over 1000 assets across Forex, Shares, Indices, Metals, Energies, ETFs, and other CFDs with the market’s tightest spreads and razor-sharp execution.To get more news about topfx review, you can visit wikifx.com official website.
Throughout its decade-long presence in the CFDs industry, TopFX has offered superior liquidity solutions to over 180 Forex brokers, investment firms, and hedge funds.
Over the last years, TopFX enhanced its offering with comprehensive packages for startups, eliminating the high barrier to entering the competitive Forex Industry.
TopFX is an STP Forex Broker with high standards of secure trading environment, as of the regulation it imposes. The broker has an active customer base across Europe, Asia and Africa, including Indonesia, Thailand, Malaysia, Vietnam and Nigeria. The offering to the clients is wide and even comprehensive since proposes the same if not more investment opportunities to the world trading community.
TopFX Pros and Cons
Our experts find TopFX a well-regulated Cyprus-based broker, offering good trading conditions and transparency. Account opening is fast and there are various trading instruments and platforms available for traders, including advanced cTrader and copy trading.
The cons are a lack of educational sources and materials, also the international proposal is different from the European one. Another frustrating drawback is that customer support doesn’t operate 24/7
Overall TopFX Ranking
Based on conducted research by our financial experts, we find TopFX a reliable broker with a good reputation and competitive conditions for Forex and CFD trading. One of the broker’s distinguishing points is global coverage, as well as ultra-low spreads starting from 0.0 pips. The only shortcoming is the lack of proper educational resources which makes it less preferable among beginner traders.
Despite all the benefits and great conditions, our experts noted the lack of comprehensive education driving beginner traders away. Besides, the broker doesn’t provide cryptocurrency trading, also the international proposal is performed through the offshore branch. Here have a look at the selection of alternative broker reviews:
Its successful model of operation and delivery of trading environment has been recognized by numerous rewards and Awards from popular exhibitors or publishers that the broker continues to receive. In fact, we also observed the development of TopFX which before was mainly localized in Europe now getting almost global coverage. Here are some of the awards granted to TopFX:
Is TopFX safe or scam?
No, TopFX is not a scam, our research showed that the broker is established and highly reliable holding a top-tier regulatory license tailored with a compensation scheme. Simply put, the broker is authorized to offer trading services with all the necessary safety measures.
Is TopFX regulated?
Yes, TopFX is authorized and regulated as a Cyprus Investment Firm (CIF) and licensed by the Cyprus Securities and Exchange Commission (CySEC) under license number 138/11 in accordance with the Markets in Financial Instruments Directive (MiFID II). In simple terms, it means the broker is regulated and authorized to offer its trading service along with the necessary safety measures and controls applied.
Along with the main license, the broker serves another entity in the offshore zone, in Seychelles regulated by Financial Services Authority (FSA). Even though we do not recommend trading with offshore brokers only, additional regulations from Europe provide the necessary guidelines to comply with safety measures.
TopFX Pros and Cons
Our experts find TopFX a well-regulated Cyprus-based broker, offering good trading conditions and transparency. Account opening is fast and there are various trading instruments and platforms available for traders, including advanced cTrader and copy trading.
The cons are a lack of educational sources and materials, also the international proposal is different from the European one. Another frustrating drawback is that customer support doesn’t operate 24/7
Overall TopFX Ranking
Based on conducted research by our financial experts, we find TopFX a reliable broker with a good reputation and competitive conditions for Forex and CFD trading. One of the broker’s distinguishing points is global coverage, as well as ultra-low spreads starting from 0.0 pips. The only shortcoming is the lack of proper educational resources which makes it less preferable among beginner traders.
Despite all the benefits and great conditions, our experts noted the lack of comprehensive education driving beginner traders away. Besides, the broker doesn’t provide cryptocurrency trading, also the international proposal is performed through the offshore branch. Here have a look at the selection of alternative broker reviews:
Its successful model of operation and delivery of trading environment has been recognized by numerous rewards and Awards from popular exhibitors or publishers that the broker continues to receive. In fact, we also observed the development of TopFX which before was mainly localized in Europe now getting almost global coverage. Here are some of the awards granted to TopFX:
Is TopFX safe or scam?
No, TopFX is not a scam, our research showed that the broker is established and highly reliable holding a top-tier regulatory license tailored with a compensation scheme. Simply put, the broker is authorized to offer trading services with all the necessary safety measures.
Is TopFX regulated?
Yes, TopFX is authorized and regulated as a Cyprus Investment Firm (CIF) and licensed by the Cyprus Securities and Exchange Commission (CySEC) under license number 138/11 in accordance with the Markets in Financial Instruments Directive (MiFID II). In simple terms, it means the broker is regulated and authorized to offer its trading service along with the necessary safety measures and controls applied.
Along with the main license, the broker serves another entity in the offshore zone, in Seychelles regulated by Financial Services Authority (FSA). Even though we do not recommend trading with offshore brokers only, additional regulations from Europe provide the necessary guidelines to comply with safety measures.
ITG Undertakes Review
After a second year of losses, ITG announced it would begin monitoring and measuring its financial performance by line of business, leading to speculation that cuts to its research may result. ITG has not announced any new cuts to its workforce.To get more news about itg review, you can visit wikifx.com official website.
ITG reported a net loss of $247.9 million for 2012 on revenues of $504.4 million. An ITG spokesperson said that the losses were largely due to write downs of goodwill associated with past acquisitions and that, excluding non-operating or one-time events, the firm earned “adjusted” operating profits of $8.2 million and $28.6 million in 2012 and 2011, respectively.
ITG acquired Ross Smith Energy Group for $38.5 million in August 2011 at a 2.6x revenue multiple and it acquired Majestic Research for $56 million in October 2010 at a 2.9x multiple on 2009 revenues. It its earnings call, ITG said the 2012 results included $4.3 million in write downs from its investment in Disclosure Insight, a research firm that it had invested in prior to its acquisition of Majestic Research. It is not clear whether goodwill for other research acquisitions have been written down.
ITG operates four lines of business: electronic brokerage, trading platforms, analytics, and research sales and trading. Up until now, it has been reporting its results by geography. During its recent earnings call, it said that it recently reviewed performance by business line: “This review should help us better assess our competitive position and help to ensure that we are getting the full value for the individual products and services we offer.”
According to a recent article in Traders Magazine, there is increasing pressure on ITG to merge or sell. “‘The persistent industry malaise in equity trading volume and structural changes in the industry make it increasingly compelling for small and midcap brokers to combine operation for scale efficiencies,’ Niamh Alexander, an analyst at Keefe, Bruyette & Woods, wrote in a report last year. The analyst noted that ITG had spent a lot of money in the past five years without much earnings growth to show for it.”
According to ITG, the review is intended to align costs with revenues and “yield incremental savings,” and was not precipitated by any plans to sell the company.
ITG said that market conditions, namely shrinking volumes and commissions, where a major factor it in its results. It said that conditions seemed to be improving this year but it was too early to pronounce it a trend: “January has brought a reversal of this trend with strong inflows into U.S. domestic mutual funds and stronger overall trading volumes. While these are very welcome indicators, we believe it is a little early to predict the lasting reversal after more than three years of fund outflows and decline in volumes.”
In its conference call it credited research for improving its commission rates: “We are very encouraged by the improvement in the buy-side rate card, which is at its highest level since mid 2010, reflecting the impact of accounts paying for research”, but praise for its research was otherwise scant. A review by business line is not typically flattering to research. Research costs are significant while revenues are difficult to attribute, and often claimed by other units within the company. It will be interesting to see what conclusions ITG comes up with as it tries to align costs with revenues.
ITG acquired Ross Smith Energy Group for $38.5 million in August 2011 at a 2.6x revenue multiple and it acquired Majestic Research for $56 million in October 2010 at a 2.9x multiple on 2009 revenues. It its earnings call, ITG said the 2012 results included $4.3 million in write downs from its investment in Disclosure Insight, a research firm that it had invested in prior to its acquisition of Majestic Research. It is not clear whether goodwill for other research acquisitions have been written down.
ITG operates four lines of business: electronic brokerage, trading platforms, analytics, and research sales and trading. Up until now, it has been reporting its results by geography. During its recent earnings call, it said that it recently reviewed performance by business line: “This review should help us better assess our competitive position and help to ensure that we are getting the full value for the individual products and services we offer.”
According to a recent article in Traders Magazine, there is increasing pressure on ITG to merge or sell. “‘The persistent industry malaise in equity trading volume and structural changes in the industry make it increasingly compelling for small and midcap brokers to combine operation for scale efficiencies,’ Niamh Alexander, an analyst at Keefe, Bruyette & Woods, wrote in a report last year. The analyst noted that ITG had spent a lot of money in the past five years without much earnings growth to show for it.”
According to ITG, the review is intended to align costs with revenues and “yield incremental savings,” and was not precipitated by any plans to sell the company.
ITG said that market conditions, namely shrinking volumes and commissions, where a major factor it in its results. It said that conditions seemed to be improving this year but it was too early to pronounce it a trend: “January has brought a reversal of this trend with strong inflows into U.S. domestic mutual funds and stronger overall trading volumes. While these are very welcome indicators, we believe it is a little early to predict the lasting reversal after more than three years of fund outflows and decline in volumes.”
In its conference call it credited research for improving its commission rates: “We are very encouraged by the improvement in the buy-side rate card, which is at its highest level since mid 2010, reflecting the impact of accounts paying for research”, but praise for its research was otherwise scant. A review by business line is not typically flattering to research. Research costs are significant while revenues are difficult to attribute, and often claimed by other units within the company. It will be interesting to see what conclusions ITG comes up with as it tries to align costs with revenues.
RTL Group Sells Video Ad-Tech Unit SpotX to Magnite for $1.2 Billion
European media giant RTL Group reached a deal to sell SpotX, its U.S. ad-tech subsidiary, to Magnite for $1.17 billion in cash and stock.To get more news about spotx markets review, you can visit wikifx.com official website.
Magnite said that with the acquisition of SpotX, the combined entity will “create the largest independent [connected TV] and video advertising platform in the programmatic marketplace.”
The sale of SpotX to L.A.-based Magnite, which bills itself as the industry’s largest independent sell-side advertising platform, is expected to close in the second quarter, subject to subject to regulatory approvals and other usual closing conditions.
“The sale of SpotX is fully in line with our strategy to concentrate on growing our European digital businesses in streaming, advertising technology, digital video and audio, as well as our global content business, Fremantle,” RTL Group CEO Thomas Rabe said in a statement.
According to Magnite, on a combined basis with SpotX, its CTV business would have nearly tripled revenue to $42 million in the fourth quarter of 2020 versus Magnite standalone, representing 34% of Q4 2020 preliminary non-GAAP pro forma net revenue. Magnite said it is aiming to save more than $35 million in run-rate operating cost synergies through the SpotX deal, with more than half of that realized within the first year of combined operations.
“Sellers have been looking for a scaled independent alternative to the giant companies who dominate the CTV marketplace,” Michael Barrett, Magnite’s president and CEO, said in a statement. “The combination of Magnite and SpotX will make this a reality by bringing together the best CTV technologies and teams at a critical time.”
The SpotX sale price comprises $560 million (€468 million) in cash and 14.0 million shares of Magnite stock. Magnite plans to finance the transaction with cash on hand, the shares issued to RTL Group and committed financing from Goldman Sachs.
“As CTV flourishes and the media industry continues to turn to programmatic, there is a huge opportunity for an independent scaled company to offer the single most comprehensive technology in the market,” said Mike Shehan, cofounder and CEO at SpotX. “We built SpotX with the mission of becoming the leading global video advertising platform, and our goal is now coming to fruition with Magnite.”
RTL Group acquired a 65% stake in SpotX for €107 million in 2014 and bought full ownership of the company in 2017 by acquiring the remaining shares for €123 million (which gave SpotX an enterprise value of $404 million at the time, according to the companies).
SpotX customers include A+E Networks, Crackle Plus, the CW Network, Dentsu CCI, Discovery, Electronic Arts, Fox Corporation, FuboTV, Gannett, Microsoft, Newsy, ViacomCBS’s Pluto TV, Roku, Sling TV, and Vudu. The Denver-based company says it “works with nearly all major OTT stakeholders” and reaches about 80% of ad-supported connected-TV viewers in the U.S., or 50 million households.
For RTL, advertising technology “remains a strategic priority,” according to Rabe. The company has two ad-tech divisions: Smartclip, part of Mediengruppe RTL Deutschland, a provider of digital video and TV advertising solutions; and U.K.-based video technology company Yospace, acquired in 2019, which operates a server-side dynamic ad insertion platform for serving targeted, personalized advertising.Goldman Sachs and LUMA Partners acted as financial advisors to Magnite and Gibson Dunn provided legal counsel. For RTL Group, JP Morgan Securities acted as financial adviser and Davis Polk & Wardwell was legal counsel on the transaction.
The sale of SpotX to L.A.-based Magnite, which bills itself as the industry’s largest independent sell-side advertising platform, is expected to close in the second quarter, subject to subject to regulatory approvals and other usual closing conditions.
“The sale of SpotX is fully in line with our strategy to concentrate on growing our European digital businesses in streaming, advertising technology, digital video and audio, as well as our global content business, Fremantle,” RTL Group CEO Thomas Rabe said in a statement.
According to Magnite, on a combined basis with SpotX, its CTV business would have nearly tripled revenue to $42 million in the fourth quarter of 2020 versus Magnite standalone, representing 34% of Q4 2020 preliminary non-GAAP pro forma net revenue. Magnite said it is aiming to save more than $35 million in run-rate operating cost synergies through the SpotX deal, with more than half of that realized within the first year of combined operations.
“Sellers have been looking for a scaled independent alternative to the giant companies who dominate the CTV marketplace,” Michael Barrett, Magnite’s president and CEO, said in a statement. “The combination of Magnite and SpotX will make this a reality by bringing together the best CTV technologies and teams at a critical time.”
The SpotX sale price comprises $560 million (€468 million) in cash and 14.0 million shares of Magnite stock. Magnite plans to finance the transaction with cash on hand, the shares issued to RTL Group and committed financing from Goldman Sachs.
“As CTV flourishes and the media industry continues to turn to programmatic, there is a huge opportunity for an independent scaled company to offer the single most comprehensive technology in the market,” said Mike Shehan, cofounder and CEO at SpotX. “We built SpotX with the mission of becoming the leading global video advertising platform, and our goal is now coming to fruition with Magnite.”
RTL Group acquired a 65% stake in SpotX for €107 million in 2014 and bought full ownership of the company in 2017 by acquiring the remaining shares for €123 million (which gave SpotX an enterprise value of $404 million at the time, according to the companies).
SpotX customers include A+E Networks, Crackle Plus, the CW Network, Dentsu CCI, Discovery, Electronic Arts, Fox Corporation, FuboTV, Gannett, Microsoft, Newsy, ViacomCBS’s Pluto TV, Roku, Sling TV, and Vudu. The Denver-based company says it “works with nearly all major OTT stakeholders” and reaches about 80% of ad-supported connected-TV viewers in the U.S., or 50 million households.
For RTL, advertising technology “remains a strategic priority,” according to Rabe. The company has two ad-tech divisions: Smartclip, part of Mediengruppe RTL Deutschland, a provider of digital video and TV advertising solutions; and U.K.-based video technology company Yospace, acquired in 2019, which operates a server-side dynamic ad insertion platform for serving targeted, personalized advertising.Goldman Sachs and LUMA Partners acted as financial advisors to Magnite and Gibson Dunn provided legal counsel. For RTL Group, JP Morgan Securities acted as financial adviser and Davis Polk & Wardwell was legal counsel on the transaction.
Zero to Hero Review 2023
Zero to Hero is a Forex signals website owned and run by a team of U.K.-based Forex traders. The site offers a paid trading signals subscription service, covering Forex currency pairs and crosses. The fee for the signals service is $97 per month and it is possible to request a free 7-day trial. The service is what we call a “pure” signals service: it is about trading only, without adding any educational elements, although they do plan to add this type of material to their site at some future date.To get more news about hero fx review, you can visit wikifx.com official website.
Markets
On average, the service provides between 4 and 10 complete Forex signals on each weekday when major markets are open. The signals are usually in the more major currency pairs and crosses, mainly trading the major FX pairs such as, EUR/USD, GBP/USD, USD/JPY, USD/CAD, USD/CHF, AUD/USD. They also trade some of the major crosses pairs like EUR/JPY and EUR/GBP. They are particularly experienced in trading USD/JPY and EUR/JPY, so signals relating to these symbols are common.
Performance
The most important section of the website which is the subject of interpretation is the historical performance of the signals shown on the home page within the “Performance” section. Two different things are shown here: firstly, a graph representing a 4-year historical performance of the signals, and a myfxbook-verified demo account in the name of Zero to Hero is shown. This shows a seven-week period over May and June 2018 and shows a performance gain of 23%.
Zero to Hero Forex Free Trial
Signals are sent to members by both SMS and email. We reviewed the service by securing membership for two weeks, which roughly overlapped with the second half of the month of July 2018. Although we received slightly less than an average of 4 signals per day, this was due to a slow summer market, and we approve of a signals service which does not “chase” a market unnecessarily. We were happy to find that the signals arrived promptly through both channels, without any delays or problems. The performance of the signals provided during the two-week period was as follows: 19 signals were given, 1 of which was not triggered. Of the remaining 18 signals, there were 10 winning trades and 8 losing trades. We were informed that these results are a bit lower than usual but this still represents a positive performance equal to a positive expectancy of 11% of the unit of risk per trade. Of course, you cannot fully judge a signals service over less than 20 signals within a period of only two weeks, but the observed performance was respectable and encouraging.
The signals are based upon the interpreted interplay between short-term momentum and support and resistance levels. Zero to Hero aim to identify key medium-term areas of support and resistance zones and then wait for breaks of these zones with adequate short-term momentum. We approve of such an approach to the Forex market, where trading in line with short-term momentum tends to be an essential component of a profitable technical trading strategy.
Set and Forget Signals
The signals are not published anywhere individually for reference. However, the signals are easy to keep track of and understand, and simple and clear instructions are provided to every new member to assist them in understanding the signals, which are easy to understand intuitively anyway. One aspect of the trading style of the signals service which keeps it easy is that every new trade is given with defined entry, take profit, and stop loss prices, and signals are only amended very rarely. This means that you can receive a signal, take the trade right away if you wish, and then in “set and forget” style, forget all about it! Although every signal has an entry price, they are given “at market” so are effectively “enter at market”. The problem comes with occasional fast market movements or delays in receiving the signal which means by the time a customer is ready to act, the price may have moved to far in the trade’s favor already, skewing the reward to risk on offer to an unacceptable extent. Zero to Hero recommend waiting for the price to return to the entry price before entering, or at least making sure it is less than just a few pips out. During our review period, we only experienced a significant difference between the market price and the entry price once out of 19 signals, and even in that case we were able to secure entry at the entry price within a few minutes of receiving the signal, so we did not find this to be a problem.
Although most signals are sent during London and New York business hours, we did receive some during the Asian session, so there is truth to the service’s claim that the signals can be useful for Forex traders anywhere in the world.
As mentioned previously, there are two standout features offered by Zero to Hero that are worth mentioning in detail. Firstly, the company offers a free 7-day trial which can really give traders an idea of how the system works. Not every signals service offers a free trial, and we find it a very welcome offering as it allows traders to see not only if the system works, but if the style works for their specific needs. Additionally, the myFXbook results provided can help traders really see what .
Zero to Hero Forex Free Trial
Signals are sent to members by both SMS and email. We reviewed the service by securing membership for two weeks, which roughly overlapped with the second half of the month of July 2018. Although we received slightly less than an average of 4 signals per day, this was due to a slow summer market, and we approve of a signals service which does not “chase” a market unnecessarily. We were happy to find that the signals arrived promptly through both channels, without any delays or problems. The performance of the signals provided during the two-week period was as follows: 19 signals were given, 1 of which was not triggered. Of the remaining 18 signals, there were 10 winning trades and 8 losing trades. We were informed that these results are a bit lower than usual but this still represents a positive performance equal to a positive expectancy of 11% of the unit of risk per trade. Of course, you cannot fully judge a signals service over less than 20 signals within a period of only two weeks, but the observed performance was respectable and encouraging.
The signals are based upon the interpreted interplay between short-term momentum and support and resistance levels. Zero to Hero aim to identify key medium-term areas of support and resistance zones and then wait for breaks of these zones with adequate short-term momentum. We approve of such an approach to the Forex market, where trading in line with short-term momentum tends to be an essential component of a profitable technical trading strategy.
Set and Forget Signals
The signals are not published anywhere individually for reference. However, the signals are easy to keep track of and understand, and simple and clear instructions are provided to every new member to assist them in understanding the signals, which are easy to understand intuitively anyway. One aspect of the trading style of the signals service which keeps it easy is that every new trade is given with defined entry, take profit, and stop loss prices, and signals are only amended very rarely. This means that you can receive a signal, take the trade right away if you wish, and then in “set and forget” style, forget all about it! Although every signal has an entry price, they are given “at market” so are effectively “enter at market”. The problem comes with occasional fast market movements or delays in receiving the signal which means by the time a customer is ready to act, the price may have moved to far in the trade’s favor already, skewing the reward to risk on offer to an unacceptable extent. Zero to Hero recommend waiting for the price to return to the entry price before entering, or at least making sure it is less than just a few pips out. During our review period, we only experienced a significant difference between the market price and the entry price once out of 19 signals, and even in that case we were able to secure entry at the entry price within a few minutes of receiving the signal, so we did not find this to be a problem.
Although most signals are sent during London and New York business hours, we did receive some during the Asian session, so there is truth to the service’s claim that the signals can be useful for Forex traders anywhere in the world.
As mentioned previously, there are two standout features offered by Zero to Hero that are worth mentioning in detail. Firstly, the company offers a free 7-day trial which can really give traders an idea of how the system works. Not every signals service offers a free trial, and we find it a very welcome offering as it allows traders to see not only if the system works, but if the style works for their specific needs. Additionally, the myFXbook results provided can help traders really see what .
BlackBull Markets Review
BlackBull Markets offers the full MetaTrader suite (MetaTrader 4 and MetaTrader 5) alongside multiple social copy trading platforms and a web app powered by TradingView.To get more news about blackbull review, you can visit wikifx.com official website.
However, its sparse education and modest research materials leave BlackBull Markets struggling to compete with the best forex brokers in those categories.
Offering of investments
BlackBull Markets has significantly expanded its range of markets with the launch of BlackBull Shares. The broker now offers over 26,000 tradeable symbols; 2,500 are available on MetaTrader 5 and TradingView, and 311 symbols on MetaTrader 4. The table below summarizes the different investment products available to BlackBull Markets clients.
Cryptocurrency: Cryptocurrency trading is available at BlackBull Markets through CFDs, but not available through trading the underlying asset (e.g. buying Bitcoin). Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents.
Commissions and fees
Trading costs at BlackBull Markets are about average for the industry, and will vary depending on which of its three account types you choose.
Spreads: The average spread for the Standard account came to 1.25 pips in October 2021, making it a pricier option than BlackBull Markets’ ECN Prime account (my preferred choice). After including the round-trip commission equivalent of 0.6 pips per trade on the ECN Prime account, the effective average spread for the EUR/USD is 0.824 for October 2021.
Accounts comparison: The Standard account is commission-free and has no minimum deposit requirement. The ECN Prime account offers lower spreads, but requires a $2,000 minimum deposit, and there is a commission of $3 per side or $6 round turn per lot. The ECN Institutional account is BlackBull’s more exclusive option for active traders that deposit at least $20,000, with commission rates that are negotiated with the broker on a case-by-case basis.
Mobile trading apps
With no proprietary mobile app available, BlackBull Markets trails behind industry leaders such as IG and Saxo Bank. For our top picks among trading apps, read our guide to Best Forex Trading Apps.
Apps overview: As BlackBull Markets is a MetaTrader-only broker, iOS and Android versions of the MetaTrader 4 (MT4) and MetaTrader 5 (MT5) app come standard and are both available for download from the Apple App Store and Google Play store, respectively.
Other trading platforms
BlackBull Markets offers the full MetaTrader suite, including MetaTrader 4 (MT4) and MetaTrader 5 (MT5) for desktop and web. Also available are TradingView, as well as the broker’s BlackBull Shares platform (powered by Interactive Brokers’ TWS platform).
Platforms overview: With a limited range of markets and no platform add-ons, there is simply not much to say about the broker’s MT4 offering. The special features that are available come by way of third-party providers, such as support for Virtual Private Servers (VPS) hosting and the integration of third-party social copy trading apps. Besides MetaTrader, TradingView and HokoCloud are also available at BlackBull Markets.
Social copy trading: BlackBull Markets offers several third-party apps for social copy trading, in addition to the native Signals market available in MT4. Supported copy trading platforms include ZuluTrade and MyFxbook.
VPS hosting: For algorithmic traders that want to run their MetaTrader platform 24-7 from a Virtual Private Server (VPS), BlackBull Markets offers VPS service from BeeksFX for a monthly fee. Free VPS service is also available if you deposit at least $2,000 in the ECN Prime account and complete at least 20 standard lots (2,000,000 units worth of trading volume) each month.
Cryptocurrency: Cryptocurrency trading is available at BlackBull Markets through CFDs, but not available through trading the underlying asset (e.g. buying Bitcoin). Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents.
Commissions and fees
Trading costs at BlackBull Markets are about average for the industry, and will vary depending on which of its three account types you choose.
Spreads: The average spread for the Standard account came to 1.25 pips in October 2021, making it a pricier option than BlackBull Markets’ ECN Prime account (my preferred choice). After including the round-trip commission equivalent of 0.6 pips per trade on the ECN Prime account, the effective average spread for the EUR/USD is 0.824 for October 2021.
Accounts comparison: The Standard account is commission-free and has no minimum deposit requirement. The ECN Prime account offers lower spreads, but requires a $2,000 minimum deposit, and there is a commission of $3 per side or $6 round turn per lot. The ECN Institutional account is BlackBull’s more exclusive option for active traders that deposit at least $20,000, with commission rates that are negotiated with the broker on a case-by-case basis.
Mobile trading apps
With no proprietary mobile app available, BlackBull Markets trails behind industry leaders such as IG and Saxo Bank. For our top picks among trading apps, read our guide to Best Forex Trading Apps.
Apps overview: As BlackBull Markets is a MetaTrader-only broker, iOS and Android versions of the MetaTrader 4 (MT4) and MetaTrader 5 (MT5) app come standard and are both available for download from the Apple App Store and Google Play store, respectively.
Other trading platforms
BlackBull Markets offers the full MetaTrader suite, including MetaTrader 4 (MT4) and MetaTrader 5 (MT5) for desktop and web. Also available are TradingView, as well as the broker’s BlackBull Shares platform (powered by Interactive Brokers’ TWS platform).
Platforms overview: With a limited range of markets and no platform add-ons, there is simply not much to say about the broker’s MT4 offering. The special features that are available come by way of third-party providers, such as support for Virtual Private Servers (VPS) hosting and the integration of third-party social copy trading apps. Besides MetaTrader, TradingView and HokoCloud are also available at BlackBull Markets.
Social copy trading: BlackBull Markets offers several third-party apps for social copy trading, in addition to the native Signals market available in MT4. Supported copy trading platforms include ZuluTrade and MyFxbook.
VPS hosting: For algorithmic traders that want to run their MetaTrader platform 24-7 from a Virtual Private Server (VPS), BlackBull Markets offers VPS service from BeeksFX for a monthly fee. Free VPS service is also available if you deposit at least $2,000 in the ECN Prime account and complete at least 20 standard lots (2,000,000 units worth of trading volume) each month.
RCG Review – 20 key points quick overview:
According to research in South Africa, RCG is a US-based broker which has been in operation since 1923 and is based in Chicago with offices in New York, Hong Kong, and several other areas.To get more news about rcg markets review, you can visit wikifx.com official website.
RCG offers the trade commodities, Forex, energies, metals, fixed income, and stock indices through a wide variety of trading platforms. RCG is a reputable broker that is well regulated through CFTC.
As a reputable broker, RCG boasts a client base consisting of 35,000 client accounts, 150 corresponding brokers, and more than $1.2 billion in client funds.When choosing a broker, it is imperative that traders ensure that brokers are regulated and authorized only through reputable, well-known regulatory entities.
RCG is strictly and well-regulated by the Commodity Futures Trading Commission in the United States.
RCG Leverage
Leverage offered by brokers allows traders to open much larger positions against and despite their initial deposits. This increases the potential for profit, but it also increases the risk of incurring substantial losses that may exceed the trader’s initial deposit.
Brokers offer differing levels of leverage that may often be subjected to and restricted by the regulatory entity through which the broker is authorized and regulated. Leverage can start from 1:1 and even go up to 1:2000.
Should the trader have access to leverage of, for instance, 1:30, and they have made a minimum deposit of $1,000, they can subsequently open positions to the value of $30,000.
RCG provides traders with leverage of up to 1:100 when opening an account, which is quite standard when compared to leverage other brokers offer, but not as high as what offshore brokers offer, which is often up to 1:1000 and more.
RCG Accounts
RCG Accounts
Each broker offers different trading conditions that appeal to and cater to different types of traders depending on their level of knowledge, skill, and experience along with different financial needs and limits.
Despite the various accounts, the minimum required deposit when opening an account is $5,000 / R 85 607,00, and traders can expect spreads from between 2 to 3 pips when trades are executed.
There is no information pertaining to commissions or other trading and broker fees.There is no mention of whether Muslim traders have the option of converting their account to that of an Islamic Account or Swap-Free account despite the provision which is made for Forex trading.
Overnight fees may be incurred, although there is no direct mention of this, and traders will have to verify additional fees with RCG before registering for an account.
RCG Fees
There can be differentiated between two types of fees that traders can encounter when opening an account with RCG, these are trading and non-trading fees.
Trading fees are related to the costs when trades are executed while non-trading fees pertain to broker fees, which is how brokers make their money, such fees include commissions, spreads, margin requirements, and deposit and withdrawal fees, among others.
There is extraordinarily little information regarding the precise fees pertaining to both trading and non-trading activities apart from the minimum deposit amount of $5,000 which is required when opening an account, regardless of the account type.
RCG Deposit and Withdrawal
When opening an account with RCG, there is a minimum deposit requirement of $5,000 regardless of the account that the trader opens.
RCG prohibits third-party payments and the name on the trading account must correspond to that of the bank account or source of funding. Cash deposits, money orders, foreign cheques, and other payments of the sort are prohibited.
Leverage offered by brokers allows traders to open much larger positions against and despite their initial deposits. This increases the potential for profit, but it also increases the risk of incurring substantial losses that may exceed the trader’s initial deposit.
Brokers offer differing levels of leverage that may often be subjected to and restricted by the regulatory entity through which the broker is authorized and regulated. Leverage can start from 1:1 and even go up to 1:2000.
Should the trader have access to leverage of, for instance, 1:30, and they have made a minimum deposit of $1,000, they can subsequently open positions to the value of $30,000.
RCG provides traders with leverage of up to 1:100 when opening an account, which is quite standard when compared to leverage other brokers offer, but not as high as what offshore brokers offer, which is often up to 1:1000 and more.
RCG Accounts
RCG Accounts
Each broker offers different trading conditions that appeal to and cater to different types of traders depending on their level of knowledge, skill, and experience along with different financial needs and limits.
Despite the various accounts, the minimum required deposit when opening an account is $5,000 / R 85 607,00, and traders can expect spreads from between 2 to 3 pips when trades are executed.
There is no information pertaining to commissions or other trading and broker fees.There is no mention of whether Muslim traders have the option of converting their account to that of an Islamic Account or Swap-Free account despite the provision which is made for Forex trading.
Overnight fees may be incurred, although there is no direct mention of this, and traders will have to verify additional fees with RCG before registering for an account.
RCG Fees
There can be differentiated between two types of fees that traders can encounter when opening an account with RCG, these are trading and non-trading fees.
Trading fees are related to the costs when trades are executed while non-trading fees pertain to broker fees, which is how brokers make their money, such fees include commissions, spreads, margin requirements, and deposit and withdrawal fees, among others.
There is extraordinarily little information regarding the precise fees pertaining to both trading and non-trading activities apart from the minimum deposit amount of $5,000 which is required when opening an account, regardless of the account type.
RCG Deposit and Withdrawal
When opening an account with RCG, there is a minimum deposit requirement of $5,000 regardless of the account that the trader opens.
RCG prohibits third-party payments and the name on the trading account must correspond to that of the bank account or source of funding. Cash deposits, money orders, foreign cheques, and other payments of the sort are prohibited.