10TradeFX – reviews about forex and CFDs broker with full regulation

Best Binary Options Brokers 2020:
  • BINARIUM
    BINARIUM

    The Best Binary Options Broker 2020!
    Perfect For Beginners and Middle-Leveled Traders!
    Free Education.
    Free Demo Account.
    Get Your Sign-Up Bonus Now!

  • BINOMO
    BINOMO

    Recommended Only For Experienced Traders!

Admiral Markets Group consists of the following firms:

Admiral Markets Cyprus Ltd

Admiral Markets Pty Ltd

Admiral Markets UK Ltd

Reading time: 8 minutes

If you are reading this article, you are most probably curious about the foreign exchange market and online trading. People are always striving for the best, and when it comes to trading, everyone wants to get the best trading conditions, superior trading platforms, and, of course, to trade with the best market prices.

Millions of traders choose to trade Forex, as they have come to an understanding of why Forex is the best market to trade. These traders explore the potential of the online trading market, and seize all the possible opportunities available to them. So, why is Forex the best market to trade? There are many reasons, and we are going to explore all of them, but before we jump into it, let us first explore a brief history of the Forex market.

What is the Forex Market in 2020?

Forex, also known as the foreign exchange market (or FX), is the largest and the most liquid market in the world. Its retail part came with the development of the Internet. This enabled retail clients to trade Forex online via various trading platforms. Forex opened its doors to retail clients in the late 1990s. At this time, the first retail online brokers began their operations.

Forex, as a market had been functioning for decades before that, but it only accepted institutional clients. Currently there are trillions of US dollars traded daily on the Forex market, with retail clients contributing nearly 5% of the total volume, or around 250 billion US dollars in daily turnover. But why is the Forex market so large?

Large multinational trade companies, financial institutions, hedge funds, and lots of other companies require foreign currencies to operate their businesses. For those unaware, one currency is bought online for another currency, and this creates quite a reasonable flow of funds. In other words, Forex is the global marketplace for trading currencies.

Reasons Why Forex is the Best Market to Trade

Different traders have different reasons for choosing the Forex market. The truth is, Forex has a lot to offer for all types of traders, and there are plenty of reasons to trade Forex online. The main reasons why Forex is the top market to trade are explained in detail below. Not every point will be applicable to your needs, or your trading strategy, yet most traders define the following reasons as answers to the question of why Forex is the best market for trading online.

Volatility

How do traders make money online? The mechanics behind trading are rather simple. You are acquiring an asset for a favourable price, and you expect to get rid of this asset. The more volatile the market is, the more opportunities there are to acquire and get rid of the assets you have. As you may already understand, if the market is not moving, holding onto your capital in it makes little sense.

Volatility in the Forex market is great, and you can regularly expect to see a price move for around 50-100 pips on one of the major currency pairs on almost any day of the week. This amounts to a potential loss or gain of 500-1,000 USD, if one lot (or 100,000 currency units) is traded, and the quoted currency is USD. Traders always search for volatile markets and volatile instruments, this is why volatility is one of the main benefits of the Forex market.

Accessibility

While volatility is quite important and truly tells us why Forex is the best market to trade, we should never disregard accessibility. Even though Forex is volatile, and it is possible to catch lots of market moves, this market is more accessible than any other online trading market. Trading Forex online can be started with as little as 100 USD.

Best Binary Options Brokers 2020:
  • BINARIUM
    BINARIUM

    The Best Binary Options Broker 2020!
    Perfect For Beginners and Middle-Leveled Traders!
    Free Education.
    Free Demo Account.
    Get Your Sign-Up Bonus Now!

  • BINOMO
    BINOMO

    Recommended Only For Experienced Traders!

Compared with many other financial markets, there is a rather low trading capital requirement. What is also great about Forex market accessibility is that you can easily sign up for your trading account from your PC. Most retail Forex brokers operate online, and all you have to do to start trading with Forex is to register, submit your documents, and perform a deposit on your Forex trading account.

Even though accessibility does not really influence the quality of the market, it certainly provides a reason why Forex is the most interesting market to consider trading on. When it comes to inexperienced traders, Forex trading can be easily accessed via a free demo trading account, this way, you can start paper Forex trading within a matter of minutes.

Technology

Software advancements make our lives much easier, and the same is true with online trading. There are more and more Forex trading platforms appearing every year, and there are even more regular updates for established Forex trading software. Compared to many other online trading markets, technological advancements are definitely one of the reasons why Forex is one of the most potentially lucrative markets to trade on.

In addition to this, the retail Forex software industry is also enriched by third party software providers, who supply various add-ons and plugins for the most common trading platforms, including MetaTrader 4 and MetaTrader 5. This is why Forex is an innovative way to trade online.

Possibilities

You probably know that the simple rule of trading is to buy low and sell high. In Forex, you can also sell assets without owning them – this is known as ‘going short’ (or short selling). Let’s check out this possibility with an example. Let’s suppose that you have 10,000 EUR on your account, and you want to trade with the USD/JPY currency pair. Without actually purchasing either USD or JPY, you can simply go short on this pair and sell Yen for Dollars, while your actual account balance is in EUR.

Such a feature tells us why Forex is a good market to trade. On top of this, you can trade Forex on a margin, which implies the use of leverage. With the help of this leverage, you can trade much bigger amounts than your deposit. This is simultaneously an advantage and a disadvantage at the same time, as your potential gain can be many times bigger than your deposit, but your potential loss can equally be much larger too.

Regulation

Forex trading is heavily monitored, and many Forex brokers are regulated by more than one authority. This demonstrates that Forex is one of the safest markets to trade, although this only applies to regulated brokers.

Trading With A Demo Account

Trader’s also have the ability to trade risk-free with a demo trading account. This means that traders can avoid putting their capital at risk, and they can choose when they wish to move to the live markets. For instance, Admiral Markets’ demo trading account enables traders to gain access to the latest real-time market data, the ability to trade with virtual currency, and access to the latest trading insights from expert traders.

To open your FREE demo trading account, click the banner below!

Bonuses and Promotions

Forex brokers create substantial trading volumes, due to the leverage they offer. This is why it is often possible to be rewarded with a certain deposit bonus when opening a Forex trading account. Why is Forex the most exciting market to trade? Because in addition to the bonuses you may receive, brokers also tend to offer a number of other incentives and promotions. NB! Please note that bonuses and incentives are not available for retail clients!

Growth

It takes time to master Forex trading, but once you have, a whole new world of opportunities opens up for you. You may become an account manager and start getting profits not only from your trading, but also as a commission for managing accounts.

Communities

Social networks become more and more popular every day, and as Forex is the largest market, it also has the largest amount of trading forums and trading networks. This way, you get to experience a whole community of Forex traders, making Forex the most social market to trade. As the retail market has been developing for nearly two decades, you can easily find lots of experts, contributors, educators, critics, and other members of the community in every possible language.

Education Materials

As Forex is the most accessible market to trade, there are many beginner traders opening trading accounts on a daily basis. To make sure that this group of people can trade efficiently, Forex brokers supply various materials to them, in order to enhance the knowledge of rookie traders.

Conditions

Trading conditions are vital for professional day traders. Spreads and commissions on this market are quite low, making this an attractive market to trade. In fact, quite often, it is possible to experience only one or two pips spread on this market. In addition to the spreads, the Forex infrastructure is well-developed, meaning that the execution of trades is much smoother and simpler. Trading Forex is an exciting, interesting, and educational process. Not only does it provide you with an opportunity to make trades online, but it also educates you on worldwide events.

If you’re interested in trading on the Forex market, click the banner below to start trading today!

About Admiral Markets
Admiral Markets is a multi-award winning, globally regulated Forex and CFD broker, offering trading on over 8,000 financial instruments via the world’s most popular trading platforms: MetaTrader 4 and MetaTrader 5. Start trading today!

This material does not contain and should not be construed as containing investment advice, investment recommendations, an offer of or solicitation for any transactions in financial instruments. Please note that such trading analysis is not a reliable indicator for any current or future performance, as circumstances may change over time. Before making any investment decisions, you should seek advice from independent financial advisors to ensure you understand the risks.

Forex Broker Reviews

Here you can find the links to the reviews of all Forex brokers that are presented on EarnForex. If you are looking for the best broker, reading these reviews will help you do it. All broker reviews are linked from this page. Brokers are sorted according to the number of reviews they have received from traders. Upon visiting the page with the actual reviews of the specific broker, you will be able not only to read the reviews left by other traders, but you will also find the detailed information about this broker, including its rating. You will also be able to submit your own review.

Please keep in mind that the review process is anonymous and that the submitted statements express only opinion of the reviewer. The presented reviews and ratings do not represent our point of view. It is important to note that not all of these reviews are based on the real facts and events.

Things to consider when reading online reviews about retail Forex brokers:

  • A good review is well-detailed and tries to highlight both negative and positive sides of a broker.
  • Some negative reviews might be submitted by the company’s competitors. Even though we have learned to filter those quite well, some are still getting through.
  • Some reviews come from incentivized visitors and are partially or completely fake. Just ask yourself: “Does it read like a person who really traded with this company and wishes to share his or her experience?”
  • Official representatives of many brokers often respond to issues mentioned in the reviews and help to resolve them. Such cases might turn useful if you are not sure whether that broker is a good choice for you.

Forex broker reviews are a great source of information when selecting a company to open a trading account with. However, they are not always fair and unbiased. You should look at other characteristics of the broker before deciding on opening a live account.

Forex Broker Reviews 2020 – Ultimate Guideline

Forex Trading itself it’s difficult enough, to add another type of risk, is Broker Risk. The purpose of this research on FOREX BROKER REVIEWS is to ensure that you do not engage Trading in a Fraudulent/Scam Forex Broker. We monitor, compare and analyze brokers to ensure that our study meets your expectation. We are committed to helping our readers pick the Best Forex Brokers.

Note that there is no Best Broker in general, But you need to find the best one suited your Trading Style & Strategy. For this reason, we have presented a detailed research on what a trader should consider before selecting a Forex broker.

Key Considerations – How to Choose a Forex Broker

Some brokers may also have unfair spreads, hidden legal details, and fine print, or even just be outright frauds and scams. As important as a broker is, it is often very difficult to choose the right one for your investment. There are some factors to consider before making a choice. To choose the reliable broker for you, consider the following;

Regulation:

The implication of trading with an unregulated broker is that you will not be able to do anything if it turns out to be a scam. There are several regulatory bodies worldwide that regulate the activities of Forex brokers.

It is important that you look out for a broker that is registered and regulated by a strong regulated body. Some Brokers hold regulation with more than one securities.

Our recommended Regulated Bodies are;

  • FCA (UK)
  • CySEC (Cyprus)
  • S. SEC, CFTC, NFA, NYSE (USA )
  • Australia (ASIC)
  • Mifid (Eurozone
  • FSA and JSDA (Japan)
  • FINMA (Switzerland )

Reputable brokerage services will always have suitable regulatory stamps, approvals, and other verifiable documents and pieces of evidence to indicate their compliance with proper regulations and laws. Make sure you start your financial trading with a highly regulated Broker.

Reputation & Years in Business

Simply, the longer the period the financial broker has been in service is the better for you since that pass the test of time that guaranty you of their service, and support. The reputation is a key feature to consider when picking your trading bridge, I mean your Broker.

You already know by this time that there is no perfect or so-called best Trading Broker. We do suggest you go through online-research as per our guideline about your possible broker.

Remember, when positive reviews outweigh negative reviews, the broker is the right fit and you can proceed to trade & trust your money security with them.

Headquarters Location:

This Forex broker review also suggests that you find out where the broker is located. Usually, there should be an address at the bottom of the home page or the Contact Us page of the broker’s official website. Besides, the location of a particular broker can give you an idea of the level of regulation it gets. While some countries have strict regulatory compliance, others are just on paper.

Therefore it is advisable to choose a broker within reputed country monitor by a reputed regulator to avoid unnecessary frustrations.

Trading Software and Platforms

In order to execute your trades, you must have a trading terminal connected with a broker’s server. While many platforms exist in the industry, by far the most common is Meta-trader 4 or MT4 in short. This trading terminal is used by over 85% of brokers, and dozens of reviews on the product exist that detail its functionality and flexibility. There are lots of free and paid indicators, scripts & Expert Advisor is found in the Industry for MT4 terminal.

However, it is far from the only solution, and you may find other options to be better suited to your needs. There are some other terminals like cTrader, NinjaTrader, among other.

Some brokerage firms may release proprietary software designed to function with their service, and this software often ends up performing better than anything else for that specific broker.

Mobile Terminal:

You should also have a strong mobile terminal to allow for advanced trading and management when not at home or near a computer. A smart investor has access to trading software on every piece of tech he or she owns, to allow for fast and reactionary trading as situations change throughout the day.

Web Trader:

Nowadays, The web trader is becoming more popular among the traders. The platform connects to the server through the web-browser.

There are some brokers that have their own proprietary trading platforms where you can actually carry out your trading activities

Leverage

Leverage entails the loan that a broker gives to the investor. Forex Broker offers leverage from 1:1 to 1:3000 nowadays. Whilst leverage enables traders to magnify their profits on successful trades, it also magnifies losses on unsuccessful trades; meaning that it is possible to sustain significant losses, perhaps even the entire sum of your invested capital

As such, we urge all clients to adopt a prudent risk management strategy in accordance with their investment goals and level of trading experience.

Deposit and Withdrawal Methods

The ease of moving funds from points A to B is a major factor to consider. It is important that you check what payment options the broker offers and decide if they are convenient for you like Neteller, Skrill, Paypal, Bitcoin, Cards (Visa/Master Card), among others.

For withdrawal, it is required to use the same payment method that you made your deposit your fund with. In case of several payment methods used the most used one will be considered as the main payment option.

Furthermore, you must be sure that the payment method is supported in your country, whether there are payment charges and how much, and how long it takes for transactions to be completed.

Spreads, Commissions, and Fees

The dealing spreads that your account uses must be competitive if you’re to record long-term success in online trading. For every currency pair, there is a bid price and an offer price. The difference between these two is what we call the spread. Some brokers charge an additional fee or commission, apart from the fact that you trade on spreads, for every transaction you carry out.

Fixed Spread:

A fixed spread doesn’t change regardless of the direction of the market. It is the spread you’re offered that you pay. It is fixed by the broker and is not changed by trading conditions or market volatility. If you like some form of stability, this might just be something to look out for.

Floating Spread:

This is also called variable spread. Its value is determined by the changing value of ask and bid prices. This means that the spread you pay for a currency pair is not static. Each spread is dependent on supply, demand and the amount of total Forex traded.

Commission Fee:

This is the fee charged by the brokerage firm for trading transactions conducted on your behalf. The commission fee can either be a fixed fee regardless of the size of the transaction, or a relative fee that is determined by the size of the transaction. That is, while a fixed fee may be put at $1 dollar whether you’re trading $100 or $10,000, a relative fee means that you pay higher when your transaction is large.

You should look out for a broker that is transparent with this process and does not charge hidden fees.

Types of Accounts Offered

Basically, your tolerance for risk and invest amount would determine the type of Forex account you operate. There are three main types and each of them has its peculiar advantages and disadvantages. It is important that you look out for what accounts your potential broker offers and if they suit your trading preference.

Micro:

This is, perhaps, the most suitable account for beginners. You would only require 1,000 units of the base currency to make up a Forex micro lot. Here, you can also take advantage of leverage to increase your potential returns.

This account allows you to trade in smaller lots. For most brokerage accounts, the sum is $10,000, just 10% of what the standard lot costs. Many brokers also offer such accounts especially because they want to provide a room for new traders who may be skeptical about trading full lots because of the intensive capital involved. You should know that because the risk is low, you will also yield low profit, $1 on every positive PIP movement.

Standard:

This is very common in Forex trading. It allows you to trade in excess of $100,000 per lot, using the standard lots of currency. But of course, you know you do not have to provide all of the $100,000. The principles of leverage and margin apply here, where a 50:1 leverage allows you to pay just 2% of the total trade as a deposit. A broker would normally offer more services to you if you have this account, but you should know that it is capital intensive.

Margin Requirements

I often tell people that transparency is key. You need to be told in clear terms what you’re getting into. I have already to you about margin and how a broker would need it to take care of potential losses. The requirement, however, varies from broker to broker. You need to know how much each broker requires, and what policies and guidelines they operate by to determine if you can cope with them.

Information & Resources:

Remember that Forex Traded in an international market, so you should be looking for international economic news. There are lots of global issues that affect the Market. Look out the informational facilities provided by your Broker this might includes Free Signals, Daily Market analysis, seminar, webinar and other trading resources.

Forex Bonuses, Promotions & Contests

We love the free stuff and gifts – Thus, Some of Forex Broker offers attractive bonuses, gifts, contest and freebies for their new & existing clients. Note, watch out the broker’s activity with our above guideline before going through the bonus.

No Deposit Bonus

A Free-Credit that offers to the new clients to start their trading without any invest thus no risk as well. It is a great way to test the broker’s platform and services. The bonus amount offers up to $100 USD, while some of the brokers allow withdrawing profits assets the terms of the promotion.

Deposit Bonus

A Bonus provides on client’s funding. Usually, the bonus offers in the percentage of the trader’s deposit amount.

Contest

Forex contest is a trading competition held among the traders with the equal conditions for all participant. The winners receive cash/tradable money and gifts as the prizes of the promotion.

Conclusion

This Forex brokers review has provided you with a comprehensive list of factors that will help you determine who the right broker is to transform your investments into super returns. We all know that Forex trading is a risk, but getting the right broker can help reduce that risk.

Forex Brokers

XM – Start with $30 No Deposit Bonus

FBS.com – Start with 100$ No Deposit Bonus.

OctaFX – Free 50% bonus

BlueberryMarkets.com

ICMarkets.com

MyFXChoice.com

TradersWay.com

GlobalPrime.com

XM.com

Pepperstone.com

Tickmill.com

HotForex.com

ClickTrades.com

Forex Brokers Checklist

1. Regulation.

It’s common sense that your account should be safer with the regulated brokers, it’s also clear that The Financial Conduct Authority, FCA (UK) or National Futures Association, NFA (US) are preferred regulators to, say, Vanuatu Financial Services Commission, FSC or self-regulatory bodies like FMRPC.

Unfortunately, the strictest regulation does not guarantee a positive trading experience, otherwise we wouldn’t send our members periodic notifications on the outrageous regulators findings like this one.

Advice. To stay informed please Join Forex Peace Army and stay subscribed to our Core Members List, also get our 10 World’s Worst Forex Brokers Report

2. Reputation.

This is the reason why we created Forex Peace Army in 2006. In the past retail forex industry was a barely regulated “wild west” with traders reviews and community discussion as the only source of truthful information about the companies.

We witnessed the very positive changes with regulators in the recent years, but this did not diminish the role of consumer reviews. Our members indicate problems with companies months and even years before regulators step in and dealt with their dirty operations.

What about professional broker reviews some other sites have? Please ask yourself, why would professionals spend time to write these long, well-illustrated, and comprehensive reviews? Additionally, ask yourself, why professional reviews tend to nearly always be overall positive, only occasionally mentioning minor flaws. The obvious answer is that these “professionals” are looking to get compensated for their time.

Traders’ reviews may not look as appealing as professional reviews, but they are unbiased, current (describe what is going on with the company now), and based on actual experiences with the broker. Forex Peace Army is committed to keep its broker reviews as honest as humanly possible; our editors are extremely experienced and have an advanced suite of custom coded tools to enable them to screen out fake, paid, self-promoting reviews as well as fake negative reviews from competitors.

Advice. If you know the name of the forex broker start typing it the “Search by name” box above or browse the list of all brokers. Read the reviews and especially pay attention to the following points:

  • ease of withdrawals
  • ease of deposit
  • cancellation of profitable trades
  • ease of account opening and verification
  • execution speed and reliability
  • slippage
  • stop hunt
  • professionalism of support

Additionally, please search our Scam Alerts Folder for recent traders complaints, and pay attention to alerts posted on review pages.

3. Conditions.

Carefully reading and understanding trading conditions of a particular forex broker is an important part of research that unfortunately often gets overlooked. Let us give you a few examples:

  • if you are planning to use a scalping strategy, high spreads may render your strategy unprofitable
  • if you are planning to profit on news events, pay attention to special trading condition during major economic announcements
  • if your forex robot requires high leverage and low margin requirements, this combination may not be available with this particular broker

Other important factors to research:

  • Minimum deposit
  • Availability of currency pairs, precious metals, oil, crypto currencies
  • Commissions and Fees
  • Competitive rollover fees
  • Trading restrictions, FIFO, minimum open trade time, news trading restrictions, arbitrage restrictions, etc.

Advice. Always carefully read and understand the forex broker’s trading conditions before opening a trading account. Do not hesitate to ask support if you don’t understand something or have additional questions

Next, practice on a demo account at the broker. Do sufficient testing of your trading strategy, forex expert advisor, forex signal service or whatever else you are planning to use with this particular broker. Remember, profitability on a demo account does not always mean a live account will be profitable. Losses on a demo account may underestimate losses on a live account.

If you are happy with everything so far, open small live forex trading account and test it again (including the withdrawal process). Increase the account size gradually.

Keep an eye on the newer reviews for your broker here on Forex Peace Army. Also, after you’ve tested the forex broker’s live trading system thoroughly, please leave a review to share your experience and help other traders.

4. Trading platforms.

There are a few common trading platforms like Metatrader, cTrader, TradingView Web Platform and also proprietary ones developed and maintained by particular fx brokers like Dukascopy’s Jforex (and others too numerous to name here).

A common trading platform like MT4 or MT5 gives you access to the marketplaces full or free and paid trading signals, expert advisors, and other forms of trading ideas. In-house developed platforms often give you access to broker-specific features (like API access for algorithmic trading or connection with Social Trading applications or Money Managers).

Advice. Common platforms like MT4 are a good start for beginner traders. You can download the software with your PC, Mac, or mobile device. You will be able to try many brokers without additional learning curve of proprietary trading platforms and enjoy extensive array of indicators, and trading strategies available through the marketplace.

5. Bonuses.

Who does not like bonuses, freebies, or promotional offers? We do too, but urge you to read the fine print. Some bonus terms are reasonable while many others are traps designed to keep you from withdrawing your money.

Always read and make a copy of the bonus terms before accepting any bonus from a forex broker.

6. Icing on the cake.

As this niche gets more competitive, to attract traders forex brokers often add free useful (and expensive if purchased separately) tools and services for account holders that may include:

  • Educational materials for novice traders.
  • Market news and webinars
  • Forex expert market commentary
  • Economic calendars
  • Calculators and trading tools
  • Technical analysis tools
  • Personalized trading strategy and market advice
  • Reuters or AP/Dow Jones financial newswires
  • Automated strategy builders

You are certainly encouraged to take advantage of such offers.

Advice. Before paying for expensive trading tools or services check if they are available with a good forex broker for free, at substantial discount, or with some minimum account balance.

Best Binary Options Brokers 2020:
  • BINARIUM
    BINARIUM

    The Best Binary Options Broker 2020!
    Perfect For Beginners and Middle-Leveled Traders!
    Free Education.
    Free Demo Account.
    Get Your Sign-Up Bonus Now!

  • BINOMO
    BINOMO

    Recommended Only For Experienced Traders!

Like this post? Please share to your friends:
Binary Options Brokers, Signals and Strategies
Leave a Reply

;-) :| :x :twisted: :smile: :shock: :sad: :roll: :razz: :oops: :o :mrgreen: :lol: :idea: :grin: :evil: :cry: :cool: :arrow: :???: :?: :!: