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BDSwiss

BDSwiss Review

BDSwiss is one of Europe’s leading financial institutions specializing in Forex/CFD trading. The business was established back in 2012 and has since then been providing online trading services to more than a million clients worldwide. Over the years, BDSwiss has managed to build an adamant market reputation, in addition offering their growing client base advanced education, support around the clock for weekdays, native platforms and competitive trading conditions on more than 250 tradeable CFD assets and forex pairs. Today BDSwiss is part of a worldwide operating group with its holding in Zug, Switzerland.

Awards – “Best Trading App 2018” by Mobile Star Awards™BDSwiss Mobile Award 2018

BDSwiss received the “Best Trading App 2018” by Mobile Star Awards™*, in November 2018. Powered by MobileVillage.com, the annual Mobile Star Awards™ is the largest app innovation award program in the world promoting global tech innovators and advancing top-tier applications, in all types of industries including finance.

Regulation

The BDSwiss group is covered by three licences and registrations. BDSwiss LLC is authorised and registered with the U.S. National Futures Association NFA ID: 0486419. BDSwiss Holding PLC is authorised and licensed by CYSEC (EU) (License No. 199/13). For operating outside of the EU they are regulated by the Financial Services Commission of Mauritius License No. C116016172 as BDS Markets Ltd.

Trading Platform

MT4met trader 4 logo

BDSwiss’ MT4 platform caters for their Forex/CFD traders and is packed with a wide array of technical analysis and charting tools. Clients can benefit from the clean interface and advanced functionality of this world-renowned platform. More experienced traders can take advantage of the MT4’s professional functions such as the 50+ indicators and charting tools. MetaTrader4’s interface is fully customizable to the needs of the individual trader and offers an array of other advantages including a daily account overview, free analysis instruments, automatic trade functions with selected expert advisors and a great number of assessment and analytical tools.

BDSwiss WebTrader

BDSwiss’ WebTrader Platform, was exclusively developed in-house, to better cater to the needs of their ever-growing client base. Featuring a cutting-edge interface that allows for simple and instantaneous trade execution, BDSwiss WebTrader is a faster, simpler and much more advanced online trading platform that delivers an unparalleled trading experience. The new BDSwiss WebTrader features unique charting tools, full customization options, automated trading via the pending orders feature, and an intuitive order window that automatically calculates total position, required margin and proposed TP and SL levels, according to the amount the client wishes to trade. BDSwiss’ new WebTrader does not require downloading and it is fully synchronised to the downloadable versions of the MT4, allowing for live price monitoring via an advanced market watch.

Mobile AppBDSwiss on mobile device example

They do have both an Android and iOS mobile platform that you can download from the Google Play and iTunes stores respectively.

Designed for an ultra-user-friendly experience, the Mobile App offers users an intuitive way to trade forex and cryptocurrency pairs in just a single click. New users can sign up for an account on the app, submit their personal documents and start trading in just a few minutes. The app is translated into more than 20 native languages and provides new users with a step-by-step tutorial. With everything from live currency rates, to active and past positions and full transaction history, BDSwiss enables traders to speculate on every currency and crypto pair asset available on the MT4 and desktop platforms. On a single screen, users can also manage, deposit or withdraw funds and update their personal data. BDSwiss’ mobile platform features a variety of trading tools including interactive charts, automated orders with Stop-Loss and Take-Profit, a 24/5 support service and the ability to receive up-to-date trading alerts and market analysis via push notifications.

CFD Trading Assets

If you are not familiar with CFD trading, then check out our designated page on what CFD trading is, before you start.

+250 Tradable FX/CFD Assets

BDSwiss offers a lot of diversity when it comes to underlying instruments, boasting 250 tradable assets for CFDs as well as 47 Forex currency pairs, including all of the major currencies along with more exotic ones. It should be noted that BDSwiss does not charge any transaction fees on trade execution and when it comes to forex trading spreads start from 1.0 pips on popular currency pairs, such as the EUR/USD.

Other asset types include world-renowned shares like Apple (AAPL), indices like the S&P500, commodities like crude oil and the most prevalent cryptocurrency pairs such as bitcoin and ripple.

Commodities

You also have 7 commodities for you to trade: Gold Spot to US Dollar (XAUUSD), Gold Spot to Euro (XAUEUR), Silver Spot Price to US Dollar (XAGUSD), Platinum Spot Price to US Dollar (XPTUSD) US Crude Oil,  Crude Oil-Brent spread, and Natural Gas. All but Natural Gas has a Leverage of 1%, with Natural Gas being 10%. The units per lot for all is 100. The minimal lot size is 0.01 for all, and maximal lot size is 50 for all. The commission is zero.

Indices

There are 11 indices available for you to CFD trade within. They range from the Nasdaq 100, S&P 500 index and the Dow Jones 30.

Crypto-Currencies

There are 8 CFD’s within crypto-currencies that cover three of the main one:, Bitcoin, Litecoin, and Ethreum. For all of them, the margin requirement is 20%.

Equities

There are 54 companies available for your to trade-in, from Apple to Citigroup, Facebook & Google, Goldman Sachs & Wal-Mart to same just a few. The margin requirement on all is 10% and the commission is 0.15%.

Leverage

BDSwiss offers its traders the option to use greater leverage, enabling them to gain a much larger exposure with relatively little capital. Global BDSwiss clients start with a default leverage ratio of 1:50 but they can always opt to increase their leverage to up to 1:400. BDSwiss further allows for up to 300 positions to run simultaneously, permitting the institution of advanced trading tactics and strategies. It is important to note that BDSwiss’ European clients, registered under CySEC can use a leverage ratio of up to 1:30 as per ESMA regulation depending on the asset category they choose to trade.

The leverage ratio for EU clients applies as follows:
● 30:1 for major currency pairs

● 20:1 for non-major currency pairs

● 20:1 for major indices

● 20:1 for gold

● 10:1 for commodities (excluding gold)

● 10:1 for non-major equity indices

Additional Services

BDSwiss also offers a wealth management program. the purpose of the program is to allow investors to maximize their returns by placing your funds with a Fund Manager who invests your capital for you.

They provide detailed information on each fund manager, outlining their success rate, their existing balance, strategies, the profits they have achieves, the monthly gain percentage, along with other critical information.

There is also an educational section that comprises of webinars discussing key financial news and aspects. And training courses such as trading in general, where you can broaden your trading knowledge in CFD’s

Education:

BDSwiss’ Trading Academy aims to deliver a useful set of tools for novice and advanced traders alike, offering its clients a practical approach to trading education.

Beginner, Intermediate & Advanced Video Courses.

Each course follows a hands-on slant with the host illustrating various strategies and techniques, directly on the BDSwiss MT4, Webtrader and mobile app.

Interactive Forex Trading Quizzes.

Each level of video courses concludes with a quiz, giving the learner the opportunity to perform a thorough self-assessment on forex trading.

Daily Webinars in EN and DE

Apart from the pre-recorded video course series, the Academy offers more than ten live webinars on a daily basis, in English and German language. The daily webinar list includes BDSwiss’ ‘Start Smart’ webinars that cater to beginners, market morning briefs and live trading sessions during key financial events. Additionally, an impressive collection of 200+ live trading videos & recorded webinars are also made available to BDSwiss clients.

Trading Alerts

BDSwiss’ in house analysts and professional traders Alexander D. and Frank W. study the markets daily and share their insights with BDSwiss’ VIP Black Account holders via a free Live Trading Alerts Service on telegram. Traders receive real-time, actionable alerts, in buy or sell terms along with entry, exit and SL/TPlevels, straight on their mobile phone devices. Basic Account traders and non-BDSwiss clients can also access BDSwiss open Telegram channel and get a free taste of BDSwiss trading alerts.

Daily Market Review

BDSwiss blog is updated daily with the latest market news, key financial events, forecasts and analysis on major assets. On the site, you will also be able to find a number of educational materials and the latest BDSwiss company news.

bdswiss demo account screen shot

Demo Account:

BDSwiss does offer a demo account. You do get 10,000 in virtual money (in other words, you cannot withdraw these funds) You can download the MT4 trader platform to your computer or use the web trader. The demo account has the exact same features and interactions as the live account. You cannot use the live account until you first deposit funds into your account.

Adding & Withdrawing Funds

To deposit funds into your trading account you can do so by a number of methods, such as Visa or Mastercard, Bank wire transfer, giropay, Skrill, Neteller and a few other methods.
bdswiss payment methods
Withdrawals take 3-5 working days and are done through the same method as you used to deposit funds into your account.

Verification/Identification

Naturally to prevent money laundering you will need to verify your identity before you can actually begin trading. You simply need to provide a scanned copy of your personal ID, such as passport or driving license and proof of residency.

Customer Support

BDSwiss provides unparalleled customer support in 20 native languages on a 24/5 basis. The support team is on hand via live chat, email or a toll-free line to resolve any issues and provide traders with the information they need. BDSwiss’ support consultants are skilled experts in the financial sphere and have all the requisite knowledge to help traders resolve any issue at hand.

Concerns /Things To Consider

The main things to consider when looking to use BDSwiss CFD trading platform is that it is not available to every country around the world. If you live in the United States Canada, Japan, Sudan, Syria, and North Korea then the platform is not available to you.

Even if you are a seasoned trader of CFD’s or have good experience trading online, you may want to consider opening up a demo account first, simply to practice using the platform so you get used to it before you start.

Of course, the main thing to consider is that when trading your capital is at risk. There are no guarantees concerning the success or the limiting of failure and so it is always best to consider placing as much risk management in place as possible.

We carried out a web search to find complaints about the company and to be honest, we struggled to find many. We did find a few, and that is going to be natural, because nothing is perfect and people don’t like the way things are done, or they have had a bad experience. BDSwiss does have a full complaints procedure in place which can be downloaded from their website.

One of the most often asked questions concerning these trading companies, is whether they are a scam or not? This is a common question of course because there have been in the past a lot of companies offering Forex trading that were scam artists, but the reason why those companies were able to often get away with scamming individuals, was because they were not regulated. As we mentioned at the beginning, BDSwiss is regulated and come under some very stringent regulations and procedures.



Your capital is at risk

*Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 79.9% of
retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand
how CFDs work and whether you can afford to take the high risk of losing your money.

Trading in Forex/ CFDs and Other Derivatives is highly speculative and carries a high level of risk. It is possible to lose all your capital. These products may not be suitable for everyone and you should ensure that you understand the risks involved. Seek independent advice if necessary. Speculate only with funds that you can afford to lose.


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XTB Trading

XTB

XTB Trading Registered Office Address: Level 34, One Canada Square, Canary Wharf, London, E14 5AA, United Kingdom

Website: www.xtb.com

Minimum Deposit: $10

Minimum Investment:250 (can be US Dollars, British Pounds or Euros)

Commission charges: None on the basic and standard accounts (see below for further details)

What You Can Trade-In: Forex, Indices, Commodities, Stock CFD’s, ETF CFD’s, Cryptocurrencies

Support Languages: English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian, Arabic and Turkish

Excluded Countries: United States India, Pakistan, Bangladesh, Nigeria, Indonesia,

Platforms: Two Online and Mobile platforms (see below)

Regulation: See the list below

Leverage:: 1:30 for major currency pairs;1:20 for non-major currency pairs, gold and major indices;1:10 for commodities other than gold and non-major equity indices;1:5 for individual equities and other reference values;1:2 for cryptocurrencies

XTB Review

XTB has been in operation since 2002 and are regarded as one of the leading regulated brokers. They are one of the largest FX & CFD brokers listed in the stock exchange, with offices in more than 13 countries around the world.In this review of XTB, we break down the salient points to help you decide if XTB is a broker you want to trade with.

Regulation

When it comes to dealing with a trading company, you should never trade with one that is not regulated. XTB are globally regulated organisation. They are authorised and regulated by the UK Financial Conduct Authority (FCA) Number FRN 522157. They are also regulated by the KNF which is the Polish Financial Supervision Authority, and by the CMB which is the Capital Market Board of Turkey.

Awards

As a company, they have won a large number of awards for their trading software. The latest being named highest rated FX & CFD Broker of 2018 As voted by Wealth & Finance International Awards; Best CFD Broker in 2019 by M&A Today Awards and also Best Islamic Forex Broker by M&A Today in 2018.

Trading Platform

XTB Trading Platform

XTB use two trading platforms. The first is the award-winning xStation 5. The xStation 5 contains 9 main features that will help you with your trading. Three of them are:

The Trading Calculator – which will instantly determine how much profit or loss you could make depending on your stop loss, lot size, and limit order.

Advanced Chart Trading – This enables you to execute all your trades directly from the charts. It offers you a one-click dealing system, which provides you with a more fluid, controlled trading experience.

Trading Statistics – You can analyse the markets with live performance statistics that inform you which markets you’re most successful in, including specific win ratios on your long and short trades. The other 6 are Advanced technical analysis; Bulk order closing; Traders talk; Market sentiment; Equity screener; and Top movers.

The xStation 5 platform is available in 4 formats:

  • Desktop – You can download a 32bit or 64-bit version for your Windows PC, or they also offer a Mac version too.
  • Tablet – Both Android and iOS versions are available.
  • Mobile – Both Android and iOS available for mobile devices
  • Smartwatch – This was launched recently in 2016 and operates on both iOS and Android smartwatches to enable you to trade where ever you are.

The second platform that XTB use is the well known MT4 trading platform. Not much needs to be said about MT4 as it is so well known, other than, XTB offer 3 versions; desktop, tablet and mobile.

Trading Assets

With XTB they have a range of markets for you to trade in, which we will break down for you. One thing to note is that XTB offers 3 types of account. Basic, standard and pro. The first two, basic and standard do not charge commission.

FOREX

XTB offer 48 Forex currency pairs. The low spreads are from 0.1 pips and there are no requotes and their guaranteed stop loss is free of charge on the basic account only. It is also worth noting that it will not be guaranteed on the market open.

Commodities

XTB offers you the ability to trade within 21 commodities, in the energy metals and agricultural CFD’s. These range from Gold, aluminium and copper, to cocoa, coffee and cotton, to natural gas and oil. They also offer no requotes and just like Forex, the guaranteed stop loss is free of charge (same terms apply)

Indices

There are over 20 indices available from XTB for you to CFD trade within, with low spreads and high liquidity. Again there are no requotes,

Stock CFD’s

XTB offers you the ability to trade in equities from around the world. You get direct market access, the ability to short sell, and access to 1500 global shares.

Leverage is up to 1:10 and there is a low commission of 0.08%

ETF CFD’s

There are 60 ETF CFD’s available to trade in and the good thing about ETB is they offer negative balance protection. The leverage is the same as Stock CFD’s at 1:10 and so is the commission the same, from just 0.08%

CryptoCurrencies CFD’s

With XTB you can trade in 25 different cryptocurrencies, and access the market from their mobile app as well. They offer 365-day contract expiry and high liquidity, with competitive spreads. They also provide full protection of losing capital from hacker attacks.

Additional ServicesXTB training platform example

One feature we like from XTB is their trading academy. They offer currently 3 levels (basic, intermediate and premium. Expert will be available soon). So depending on your level of expertise, you have the ability to hone your trading knowledge and skills. Or if you have never traded before, you can start at the basic level and learn what Forex and CFD trading is, the basic terms and vocabulary, how to use the trading platforms and so on.

The screenshot is taken from the Basic training, and lesson 1, which is about using their MT4 platform, and its basic layout. This enables new users to get a feel of how to use the platform. Of course, you can practise using it, in the demo account.

While you are going through the trading academy, you can, of course, practice your trades on XTB’s free demo account, which we talk about further down.

There is also an up to date market news section which posts the latest market news throughout the day, as the news is released, enabling you to keep abreast of what is happening within the world markets.

Finally, not only do you have the trading academy, but XTB also offers one to one mentoring and 24-hour support. You will once you open an account, have your own dedicated account manager to help you with your trades. Also, and this is something we have not seen with other trading companies, XTB has an open-door policy, which means if you are in London, you can visit their office and see how they operate first hand. We would say that if you are wondering if XTB is a scam, then the fact they are heavily regulated and they are one of the few trading companies that have an open-door policy, tells you they are very much a legitimate trading company.

Demo Trading Account:

XTB do offer a demo account. You do get 100,000 in virtual money (in other words, you cannot withdraw these funds) You can download both the xStation5 and the MT4 platforms to your computer or use the demo account. The demo account has the exact same features and interactions as the live account. You cannot use the live account until you first deposit funds into your account.

Adding & Withdrawing Funds 

There are three ways of depositing funds into your account with XTB.

The first is via bank transfer. They will accept euros, US dollar, British pound and Hungarian forint, and you must only transfer funds into your XTB account from an account that is in your name.

The second option is via credit card. You can deposit funds via your MasterCard, visa or maestro card and they will accept euros, US dollar or British pounds.

The third option is via e-wallet and there are two options available, Paypal or Skrill. You can deposit the same currencies as with a bank transfer, and of course, there will be charges involved of 2% of your deposited amount.

Verification/Identification

Naturally to prevent money laundering you will need to verify your identity before you can actually begin trading. You simply need to provide a scan copy of your personal ID, such as passport or driving license and proof of residency.

Concerns /Things To Consider

The main things to consider when looking to use XTB trading platform is that it is not available to every country around the world.

If you have never traded before and don’t know how to begin, then the XTB trading academy is a very good place to start. Even if you are a seasoned trader or have a good experience, you may want to consider the trading academy and the advanced sections, to help improve your skills if need be. Plus opening up a demo account will help you to practice using the platform so you get used to it before you start.

Of course, the main thing to consider is that when carrying out any type of trading, your capital is at risk. There are no guarantees concerning the success or the limiting of failure and so it is always best to consider placing as much risk management in place as possible.

Is XTB a scam? This is always the question that is asked when considering using trading companies in Forex or CFD trading, mainly and rightly because there have been a lot of companies in the past offering Forex trading that was scams, but the reason why those companies were able to often get away with implementing scams was that they were not regulated. As we mentioned at the beginning, XTB is regulated and come under some very stringent regulations and procedures.


CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 

Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you can afford to take the high risk of losing your money


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ETX Trading

ETX Capital Review

ETX Capital is a global FX and CFD broker domiciled in the UK. The parent company called Monecor (London) Ltd. was established in 1965, and offers multi-market and multi-asset derivatives through spread betting and CFD products to institutions and individuals based in the UK, Europe, and other regions. Monecor are also listed in the London Stock Exchange and regulated by the Financial Conduct Authority (FCA).

At first glance, due to the company’s long track record, ETX Capital can generally be considered safe, considering that it’s also regulated by a top-tier regulator and is listed on a stock exchange. The company has over 50 years of providing trading services and products in the marketplace. Anyone looking for a well-regulated, reliable broker with access to many different kinds of derivatives products should seriously consider ETX Capital.

In this ETX Capital Review, we will cover all the important aspects of the broker, share its pros and cons, and then give our final verdict. Let’s jump right in!

ETX Capital History and Overview

As already mentioned, ETX Capital is the owner and operated by Monecor (London) Ltd. The group was acquired by the BXR Group and the PE firm JRG Group, in 2007, through a joint venture. While the parent company has a history dating back to 1965, ETX Capital has only been in business since 2002 and is relatively unknown. This is because the owners and board of directors first chose to focus their attention on high net worth individuals and institutional traders.

Nonetheless, the directors and owners have seen significant success from opening their doors to everyday traders. For starters, they officially got FCA regulation, and in 2014 the brokerage went online, and then hit the news in 2015 with the acquisition of the Alpari Network.

Overall, ETX Capital was able to facilitate a smooth and fast transition for the existing Alpari customers with the installation of MT4 (MetaTrader 4) servers. This was followed by lots of glowing user ratings, along with a rising share price and turnover.

In case you’re wondering, the ETX acronym stands for Electronic trading, Telephone trading, and Execution services.

Features
ETX Capital offers two trading platforms: the popular MT4 and the proprietary TraderPro. These platforms are available on both Apple and Android devices. With them, traders can access a variety of trading assets and markets.

The ETX Capital trading platforms offer access to a range of CFD Trading opportunities, which include indices from all around the world, such as the UK100, Wall Street, Germany 30, Japan 225, France 40, Australia 200, Hong Kong 40, Switzerland Market Index, Poland 20, and Greece 20. There is also a wide range of commodity CFDs, including Metals (Platinum, Gold, Silver, Copper, and Palladium); energy (Heating oil, Brent Crude, Nymex Crude, Natural Gas, RBOB); Soft commodities (Cotton, corn, coffee, cocoa, orange juice, wheat, soybeans, oats, and sugar); equities from the 18 different European Markets, along with FX in more than 50 different currency pairs.

The ETX website is responsive and user friendly, and it can be viewed in over 20 different languages. The company also boasts competitive commission rates and offers fixed and variable spreads. Spread betting is a huge part of the company, and they include a video explaining what spread betting is all about and can be accessed via a unique spread betting page.

Account Types

ETX Capital provides three kinds of live trading accounts, which ideally equate to the different platforms that the broker has. If you’re wondering, you can open a demo account for each kind of account. The minimum deposit for live accounts is $100, and there is no maximum trade. The payout can reach up to 85%.

There are tight spreads on the range of instruments that the brokerage offers. With FX, spreads start at 0.7 pips (EUR/USD) while with equities 0.08% indicative spreads apply for some stocks. Commodities get minimum spreads starting at 3 pips, while the minimum spreads for the major indices start from 1 pip.

Additionally, ETX Capital offers leverage rates from 1:100 for lots of products, and the leverage can go as high as 400:1 on some products on MT4 for the non-EU citizens. EU citizens get leverage based on the ESMA guidelines.

Trading

ETX Capital offers you the ability to trade in the following markets:

  • Forex: With over 60 FX pairs to trade in, from major, minor and a variety of exotics, you can diversify your trading.
  • Indices: ETX offer over 20 different indices covering Europe, UK, Asia and the United States.
  • Shares: There are thousands of shares listed on the platform, such as the likes of Apple, Facebook and other large companies, along with in-depth stock analysis for you to work from.
  • Commodities: There is a wide range of various commodities for you to trade in, from metals, energy companies, and the likes of Coffee and Sugar.
  • Cryptocurrencies: ETX offers you 5 crypto-currencies to trade in, Bitcoin (USD, Ethereum, Litecoin, Ripple, and Bitcoin Cash.
  • CFD Trading: you can CFD trade in FX, indices, shares and commodities – a total of over 5,000 markets.

ETX Capital also enable you to carry out spread betting on over 5,000 marketing

Fees and Spreads

The spreads traders pay to ETX Capital will depend on the underlying financial instrument and the kind of account they hold. The broker obtains data from a reputable 3rd party source that get the data live from the exchange feeds. ETX Capital is compensated through the market ask/bid spread.

Deposit fees: No Charges

Commission Fees: Charged to clients on CFD Equity trades, not on spread betting equity trades.

Withdrawal Fees: Each client gets 5 free withdrawals (no processing fees) for any amount over £100 per calendar month. Every subsequent withdrawal is charged £10. Any withdraw for amounts below £100 will be charged £10.

Inactivity Fee: When funds are available, a dormant account will be charged a monthly inactivity charge. ETX Capital considers an account dormant is there has been no trading activity for a continuous 365 days or more. The fees charged will vary by currency. Nonetheless, if you do reactivate your account and start trading again, the inactivity charge will be refunded for up to 3 previous months where it has been deducted.

Overnight funding fees: This fee is either subtracted or added to a trader’s account when a position remains open past a given amount of time. See their official website for their breakdown on overnight fees.

Deposit and Withdrawal Options
Aside from credit/debit cards and bank transfers, you can use a wide selection of electronic wallets to fund your ETX Capital account. These include:

Skrill

Neteller

China Union Pay

• Giro Pay

• Sofort

Bank transfers can take up to 3 business days, while funds transfers from electronic wallets and debit/credit cards are instant.

How long does it take to withdraw your money from ETX Capital? We tested it for you! We found that the debit withdrawal option took 2 business days.

ETX Capital Trading Platforms

ETX TraderPro
This platform is generally geared towards professional and experienced traders. They provide you with a range of advanced features along with more comprehensive access to the financial markets. TraderPro also features sophisticated charting tools, which allow you to simultaneously view several charts in different time frames. You can also view the Heiken-Ashi, Ichimoku, and line charts at once.

Furthermore, once you log in to the platform, you straight away get access to volume indicators, historical data, guaranteed stops, and a lot more. The platform also features a news feed so that you don’t have to leave the platform to stay in the know.

TraderPro is available on both Android and iOS.

MetaTrader 4
Traders also have the option to download the popular MT4 platform. This is great for those who are already familiar with the platform and prefer not to change. The MT4 platform offers a range of features backed by superb security. You can use the platform to trade anything from oil to bitcoin to the Swiss Franc and the FTSE 100.

MetaTrader 4 is available on both Android and iOS.

Others
In the face of changes commissioned by the ESMA, a key European regulator, ETX Capital withdrew their binary options trading products. The new changes prohibited the supply of binary options to European retail investors.

Pros of ETX Capital

• No dealing desk, meaning direct and straightforward access to trades with minimal costs

• Demo account: prospective traders can access a demo account to test out the different features and build trading confidence

• Possible rebates – traders might be eligible for cash rebates on every trade they make

• Competitive spreads: ETX has very attractive prices for the active traders

• Rich selection of trading tools: many customers praise the availability of tools, such as one-click trading, advanced charts, and a range of technical indicators

• Free education: there a huge library of learning material available on ETX capital, including tutorial videos, manuals and guides, seminars, etc.

• Market choice: there’s no shortage of instruments and products to choose from on ETX Capital platforms.

Cons of ETX Capital

• Limited account type options

• Complex navigation for their website (for some users)

• Lacks live chat for customer support

• Lack of localized telephone support for their customers

Verdict

We liked that ETX Capital is regulated by FCA, a top-tier financial regulator; and everything about the brokerage looks and feels very legit. We also like that the account opening process is hassle-free and seamless and that there are many great educational tools to help new traders.

So, if you’re are looking for a reliable broker with great quality service, wide selection of instruments and advanced tools; and one that offers a safe, regulated trading environment, ETX Capital is a serious contender


CFDs Are Complex Instruments And Come With A High Risk Of Losing Money Rapidly Due To Leverage. Between 74-89% Of Retail Investor Accounts Lose Money When Trading CFDs. You Should Consider Whether You Can Afford To Take The High Risk Of Losing Your Money.


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IQ Option

IQ Option

IQOption has been for some time, building a reputation as a leading trading platform, first for binary options, and now, presently traders have been using them for forex options, CFD’s (contract for difference)commodities, crypto, and ETF’s. The IQ Option trading platform provides flexibility for traders through trade types, multipliers, overall performance, and other advantages, which we will discuss in this review.

 Regulation and Reputation

IQ Option is a regulated broker, regulated by and under the jurisdiction of the Cyprus Securities Exchange Commission (CySEC), as IQOption Europe Ltd. IQOption is also a MiFID compliant broker, which means IQOption is legislated by ‘The Markets in Financial Instruments Directive’ which regulates IQOption as a provider of services to clients linked to ‘financial instruments’, such as fX options commodities, CFD’s and binary options etc. The British Financial Conduct Authority, the FCA also regulates IQOption. IQOption does not only trade within Europe. They provide trading to other countries around the world through their platform, and because of this they are regulated by the Seychelles Financial Services Authority as a separate entity IQ Option Ltd.

 Awards

As a company they have won a large number of awards for their trading software, fourteen in total, a full list of them is available via their website, but here are just a few: Best Binary Options Broker & Best Binary Options Broker/Trading Application – IAIR Awards; Most Innovative Binary Option Broker – Show FX World; World’s Leading Binary Options Broker – MasterForex-V, Best Mobile Trading Platform – IFM Awards 2015, Best Trading Platform – Forex awards 2014

IQ Option Mobile

iq option mobile tradingIQ Option mobile app is one of the best mobile trading apps on the market. The apps user-friendly approach with its jargon-free instructions makes it very easy to use. It has a full range of features that make trading easy to do on the go. You can analyze asset prices and generate signals at the touch of a few buttons. Plus of course, there is the practice account available from IQ Option, a feature many other trading software’s don’t provide.

IQ Option app for iOS is available for new users in the following countries only:
Argentina, Armenia, Austria, Azerbaijan, Brazil, Bulgaria, China continental, Colombia, Costa Rica, Croatia, Czech Republic, Denmark, Dominican Republic, Egypt, Estonia, Finland, France, Germany, Greece, Hong Kong, Hungary, Iceland, India, Indonesia, Ireland, Italy, Jordan, Kazakhstan, Kyrgyzstan, Laos, Latvia, Lithuania, Lebanon, Luxembourg, Mainland China, Malaysia, Netherlands, Nigeria, Norway, Pakistan, Peru, Philippines, Poland, Portugal, Qatar, Romania, Slovakia, Slovenia, South Africa, South Korea, Spain, Sri Lanka, Singapore, Sweden, Taiwan, Thailand, United Arab Emirates, Ukraine, United Kingdom, Uruguay, Venezuela, Vietnam.

Click Here To Download Apple Mobile app

Android IQ Option app, it is not available in Cuba, Cyprus, Liechtenstein, Malta, and Myanmar.

Click Here To Download Android Mobile app

IQ Option trading platform on computer
IQ option trading platforms

Trading Platform

The first thing IQOption offers you when you open your IQ Option account on their trading platform is the chance to start practice trading with $10,000 virtual dollars.

The IQOption trading platform is very clean and straightforward to navigate. You have a navigation bar to the side which allows you to check on things like your trading history, your earnings calendar, the latest market news, and access video tutorials as well as get help at any time 24/7. The IQ Option trading platform has a lot available at the one click of your mouse button. You can place trades from as little as $1 up to the maximum of $1,000 depending on the level of risk you are comfortable taking.

We recommend that when you open your IQOption account for the first time, you opt for the practice account first. Even if you are a seasoned pro with other trading platforms, it would be good to familiarise yourself with the navigation of IQOptions trading platform before you start to trade. Placing a trade is very straightforward and uncomplicated. To place a trade on the IQOption platform, select the asset option type you wish to trade. Your trade can be CryptoCurrency, CFD’s (contract for difference), Forex, digital fx options or binary options (see below for further explanation). Select the expiration time of the option, the amount you wish to trade and then select whether you want to Call or Put

Trading Assets

– IQOption has over 70 assets you can trade in and there are spread over the four main areas of assets that you can trade in.

Cryptocurrencies

 With IQOption you can buy,sell and even store some of the leading crypto-currencies. There are currently 13 cryptocurrencies available for you to trade in. They are Bitcoin; Ethereum; Ripple; Bitcoin cash; EOS; Litecoin; TRON; Dash; Etereum Classic; Qtum; OmiseGo; Zcash; Bitcoin Gold.

CFD Trading

 CFD trading is a term used in trading markets referring to Contract of Difference, which is the agreement between two entities to exchange the entry and exit process of a trade. The contract of difference (CFD) mirrors the underlying asset making it a tradeable instrument. Therefore as a CFD trader, you will make a profit or loss when the underlying asset moves in relation to the position you take even though you do not own the actual asset.

IQOption offer over 500 stocks for you to CFD trade-in, from companies within a wide variety of industries, and some of the best and well-known industry leaders.
You can now trade the following commodity CFDs with an up to ×150 multiplier:
· Gold
· Crude Oil WTI
· Crude Oil Brent
· Corn
· Wheat
· Gasoline
· Silver
· Platinum
· Copper

Forex Trading

A forex trade occurs when you take one currency and trade it against another. For instance, you can buy the US dollar and at the same time sell the Euro, that’s simple forex trading. With IQOption’s Forex trading, you can trade in 60 pairs of currencies such as the well-known ones like the US Dollar and British pound, or the US Dollar and the Japanese Yen. Plus there are other pairings that are not so when known, such as the New Zealand Dollar and the Canadian Dollar.

Forex Options Trading – For EU Traders

Unlike binary options trading (where the profitability of each deal is predetermined, plus if in the EU binary options cannot be traded unless you are a professional trader), FX options can boast unlimited upside. You can only lose up to the amount you invested. This feature can be a good strategy for your trading. When you cut your losses and at the same time let your profit grow, it is not necessary to win in 50 per cent of the deals. By making sure that the average win is greater than the average loss, it is possible to be in the black in the long run.
You can trade 12 of the top FX Options, such as Gold, Silver, Crude Oil Brent, Crude Oil WTI, UK 100, US 30, to name just a few.

Options Trading

With the IQ Options trading platform, you can trade either in digital options or binary options. You have a facility to trade in multiple assets; in fact, there are over 10 million options available. With both option types, the minimum investment is $1. With digital options, the expiration time is 60 seconds to 5 minutes, and the return can be up to 900% on a successful trade. With binary options, the expiration time frame is 60 seconds to the end of the month, and the return can be up to 95% on successful trading.

You can only trade in binary if you live outside the EU

ETF Trading

ETFs work by tracking commodities, indexes and baskets of assets, and are traded in the same way as common stock on the stock exchange. Investors can sell short, buy on margin and buy as little as a single share of their chosen asset.
IQOption offers 24 ETF’s to trade in, such as gold miners ETF’s, US Real Estate ETF’s, and the Dow Jones Industrial Average ETF, to name a few.

Demo Trading Account:

As we have already hinted at, IQOption provides you with a demo account when you open a new IQ Option trading account with them. The first thing you must note is that the demo account which is not automatically given to you. You have to select it as your option, that you want to begin with the demo trading account first before trading in any of the various trading options properly. You can switch from the demo account to the live IQOptiontrading account whenever you want by funding your account with any amount of funds over the minimum deposit of $10. To open the demo account, you can sign up with your email.
All the charts provided by IQOption are live, and from the actual trading platform, so there are no fake charts or dummy accounts, it is as if you were trading for real. Thus the IQ Option demo account enables you to practice and improve your online trading skills, but it helps you decide whether you like the IQ Option trading platform and want to use it going forward.

Funding Your IQOption Account

There are seven ways in which you can fund your account to enable you to start trading; Credit card – either Visa or Mastercard, SkrillNeteller, Bank transfer, WebMoney WME and WMZ, and Sofort.
Four currencies are accepted, the Euro, British Pound, US Dollar, and the Rubble. The minimum amount that you can deposit is 10 EUR/USD/GBP or 300 RUB. There is no commission charged by IQ Option for funding your account. However, your chosen payment system provider may charge a fee. All processing times are instant, except for Bank transfer, which takes 1-3 working days, and Sofort, which takes up to 5 mins to clear.

 Fund Withdrawal Methods

IQ Option offers six different methods for cash withdrawal. These are:
· MasterCard or Visa Credit Cards
· Skrill
· Neteller
· WebMoney
· Cash U
· Wire transfer
There is no minimum amount of withdrawal restrictions, although if less than $2, you need to contact customer support. The maximum withdrawal amount is $1,000,000. You typically get your earnings within 8.5 hours.



Please Note: As Of 2nd July 2018 Binary Options Are Prohibited Within The European Economic Area (EEA) For Retail Traders. If You Live Within The EU And Are Not A Professional Trader You Will Not Be Allowed To Trade Binary Options.

You Can Trade In Other Assets With IQ Option Such As CFD’s Forex, Digital Options, Indices

CFDs Are Complex Instruments And Come With A High Risk Of Losing Money Rapidly Due To Leverage. Between 74-89% Of Retail Investor, Accounts Lose Money When Trading CFDs. You Should Consider Whether You Can Afford To Take The High Risk Of Losing Your Money


IQ Option logo

Nadex Logo

Nadex

 

Nadex Review:

If you are looking to trade in binary options, you may have come across companies like IQ Option. Now if you are based in the US, you will find that they and other European based binary trading companies have a restriction on people from the United States using their platform. However, that is not the case with Nadex. Nadex or North American Derivatives Exchange to give them their full name, is a exchange house based in Chicago Illinois that provides binary options trading through their regulated platform for US residents. Nadex is not a broker, but an exchange house, which means that they act only as an intermediary between binary options traders. They are owned by UK based company IG Group who is a world leader in derivatives trading and an established member of the FTSE 250.

Nadex Regulation

Nadex is regulated as a binary options exchange in the United States by the CFTC (Commodity Futures Trading Commission).

Trading Platform

Nadex offer three platforms. The first is the web based platform which give you direct access to the Nadex exchange where you get real time indicative data. This means you get to see immediately the bid and offer price with the volume of contracts available. Nadex state that with their unique price ladder charts, you can place orders directly from the chart. Which means you are able to select your market, analyze the chart and place your order without having to change screens. Because their trading platform is web based, you can access it from any computer, be it Window, Mac or even Linux operating based.

The second trading platform they offer is their mobile platform. Available on both iOS and Android, the mobile trading platform enables you to do exactly the same as you can on your desktop, thereby ensuring seamless transition whether on a mobile phone or tablet.

The third and final trading platform is their demo account. the account comes with real-time market data so you can practice trading while using real time market condition. It also come with $25,000 in virtual funds and you can trade in the same markets as the real account, that of Stock indices, Forex, commodities, cryptocurrencies or market events.

Nadex also offer a variety of educational videos to help you understand the platform, how to trade in Nadex spreads, get an understanding on binary options and how to trade them, if you have never done so before.

screenshot of nadex demo account

Nadex Assets

Nadex do cover a wide selection of financial instruments, although it is not as comprehensive as other binary option brokers. They have 28 assets in total spread across the following markets

FOREX

Nadex enable you to trade in 10 of the best known forex pairs as limited-risk binary options and spreads. They are: Euro-US Dollar (EUR/USD); Australian Dollar-US Dollar (AUD/USD); Euro-British Pound (EUR/GBP); British Pound-US Dollar (GBP/USD); US Dollar-Canadian Dollar (USD/CAD); Australian Dollar-Japanese Yen (AUD/JPY); US Dollar-Japanese Yen (USD/JPY); British Pound-Japanese Yen (GBP/JPY); Euro-Japanese Yen (EURO/JPY); US Dollar-Swiss Franc (USD/CHF);

CommoditiesCommodities including crude oil, gold

Nadex offer binary trading in three commodities:

Metals – gold, silver and copper, which are based on the futures prices from COMEX/NYMEX®

Energy – crude oil and natural gas, which are based on the futures prices from NYMEX®

Agriculture: – corn and soybeans. Their contracts are based on the futures prices from CBOT®

Indices

Nadex enable you to trade both binary options and spread contracts on the futures prices of eight stock indices, Four from the US, which are the Wall Street 30, US 500, US Tech 100 and the US SmallCap 2000. The remaining four are from around the world and are: China 50; FTSE 100; Germany 30 (DAX); Japan 225 (Nikkei)

Events

Nadex enables you to trade binary options on economic events. For example, you can trade on the results of the forthcoming weekly jobless report. If you believe the number of unemployed people in the country is going to go up, you can turn that into a trade. Nadex let you trade in three events, The Fed funds rate which is the overnight interbank lending rate; weekly jobless claims, and Nonfarm payroll.

Bitcoin

With Nadex you are not actually buying bitcoins you are dealing in Bitcoin spreads, which enable you to take a short-term position on Bitcoins price.

Account Types:

There are three different types of accounts available, to fit in with your situation. The first is the US Resident account. To open that, you of course need to have a permanent US address, and provide documents that show that, your SSN and date of birth. The second account type is for non US residents and you need to provide evidence of your permanent address,national id number and date of birth. And finally, there is an account for US businesses that are either trusts, companies or partnerships. The requirements to open this account are naturally quite detailed and can be found on their website.

Adding & Withdrawing Funds

If you are a US resident you can fund your account through either a debit card (there is a one-time debit card verification process for any new debit card deposit), ACH (bank transfer), wire transfer -which takes typically 24 hours for them to be notified of your transfer, or you can fund your account by check. You will need to allow five working days from when they receive it, for funds to clear. For non-US residents there are two methods, debit card (also with a one-time debit card verification process for new cards) or international bank transfer.

To withdrawal funds for US residents ther are only two options. The first is ACH withdrawal and if you are going to withdraw funds by this method then you need to allow 3-5 business days for funds to be deposited into your account. The second option is a wire transfer. If you chose to withdrawal funds this way, as long as they receive your request before 4pm ET Monday-Thursday and 3:15pm ET on a Friday, it will be processed that same day. Nadex do charge you a $25 dollar fee for wire transfer withdrawals.

And for non US residents the only way to withdraw funds is via international bank transfer. The same terms apply as US residents, mentioned above.

Concerns /Things To Consider 

The main thing to consider is that binary options trading is limited to US residents through other well known international brokers, but  Nadex provide US residents to trade in binary options because Nadex is not a broker, it is simply an exchange, where traders come together and trade directly. This is a good thing because it means there is no conflict of interest between you the trader and them. They make their money from the fee they charge for each contract, whether it wins or looses. They have a good free demo account that enables you to practice as much as you want. I have noticed from research that there are a few complaints concerning the customer service. Nothing too drastic, after all they are heavily regulated. There is no live chat on the site, which is restricting if you want help online, although there is a toll free number you can call 24 hours a day, six days of the week. Their assets are limited, but that is not necessarily a bad thing.

Are Nadex the best option for binary trading? Yes and no. Yes if you live in the US, and no if you live anywhere else outside of Europe as there are better options. But also if you don’t want to deal with a broker and do the trade yourself, then Nadex are a good option.