XTB – overview of FX and CFD broker. Trading in crypto-currencies

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Contents

XTB – overview of FX and CFD broker. Trading in crypto-currencies

вњ… This Trading Platform is available in Russia

Overview of prospective forex brokers in the global financial market: XTB

Experienced traders know well: to evaluate the company’s activities solely on the basis of feedback, recommendations and reviews of the broker’s clients (or those who impersonate the latter) is a very big mistake. In today’s world, this criterion is not included even in 20 key indicators to compile the characteristics of such firms. If you decide to make money in financial transactions online, you need to choose a broker on the following indicators:

в—Џ Period of work of the broker in the world financial market.

в—Џ Presence of the regulator of the trading platform.

в—Џ Number of experienced participants who use the company’s services.

в—Џ Range of services.

в—Џ Ability to contact real representatives of the company. Etc.

How all this is done in practice, let’s look at the example of a fairly well-known participant of the global financial market XTB. And only by collecting the maximum amount of objective information about this broker, you can see how it corresponds to the facts stated in the reviews, reviews and independent characteristics compiled about this firm.

What does the XTB forex broker offer?

The financial broker in question was established in 2002, which is considered to be a rather long period for the existence of companies of this type. If you perform a comparative analysis of reviews of this company on the World Wide Web, you can find a huge amount of both negative and positive characteristics, which, in principle, is quite normal situation for any active forex broker.

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Customer Security

One of the first questions of interest to XTB customers is the safety of discounts on this trading resource. This site warns its traders that the administration of the resource does not provide guarantees of winning combinations to its customers. All participants work at their own peril and risk: today you can earn more than one thousand dollars, and tomorrow you will lose an amount several times more.

The used MetaTrader 4 platforms, as well as the application specially prepared for XTB, guarantee reliable operation of the broker both in stationary and mobile modes, which is very important for transactions that need to be constantly monitored, regardless of the location of the trader.

To solve unusual situations on the web resource around the clock (5 days a week) there are highly qualified specialists of the support service who provide services in English, Chinese and Spanish. Their functional duties include not only the elimination of technical problems, but also the solution of almost any financial issues that may arise during the work of the site.

Regulation of activities

Many experienced traders do not recommend linking their online business to firms with which they have no contracts to regulate their activities. In this case, the headquarters of the broker in question is in the UK, where their regulatory body – FCA (an authoritative organization that is the guarantor of the reliability of a financial broker) operates.

Also the activities of the represented company are controlled by:

в—Џ IFSC (Financial Services Commission of Belize).

в—Џ CNMV (regulator of the Spanish stock market).

в—Џ KNF (Financial Supervision Authority of Poland).

В Most analysts believe that with this control, a trader can safely register an XTB account without fear of “pitfalls” from the administration of the web resource.

Training of users of the company

Given the unstable financial situation around the world, interest in the work of brokers is growing rapidly. Therefore, the site can be found a lot of useful training materials that demonstrate the mechanism of work of such structures: how to make bets, which affects the liquidity of assets, what can you do forecasts, etc. On the site, newcomers can learn in detail all the information related to the first steps in the online trading market, to interesting analytical materials and useful economic news.

Particular attention should be paid to the demo account created on XTB, which makes it possible in practice to test successful trading strategies without risking their personal investments. Experienced traders argue that no theory can replace the practical tasks that demonstrate the entire algorithm of the system.

Requirements and conditions of work on XTB

Users of the trading platform, who made up XTB reviews, distinguish two types of broker’s main accounts:

The main differences between them can be traced on the broker’s official website (depending on the time and the specific situation in the market of these services, they can vary greatly).

Trading conditions

в—Џ Minimum replenishment of $ 250.

в—Џ The minimum account is unlimited.

в—Џ There is no Islamic account.

в—Џ There is a commission for certain transactions (0.08% of the lot amount or $ 4).

в—Џ Signals and warnings are activated by e-mail.

в—Џ Provided partner programs.

в—Џ Automatic trading functions.

Financial assets

In most of the XTB-prepared reviews, users select the following groups of trading tools that allow them to earn maximum amounts on concluded financial transactions.

в—Џ Currency pairs.

в—Џ Commodities and agricultural goods.

в—Џ Shares of large enterprises.

в—Џ CFD (for various contract objects).

в—Џ Other securities.

Replenishment of trading account and withdrawal of funds

In order to deposit money or withdraw it from the system, the developers of the web resource offer the following options:

в—Џ Plastic cards (Visa / Master Cards or Maestro).

в—Џ Most bank transfers.

If you choose one of the listed methods of deposit / withdrawal of funds, you need to consider the commission for payment, the time required for the operation and other subjective factors affecting this procedure.

Compare CFD Brokers

For our cfd’s comparison, we found 22 brokers that are suitable and accept traders from Russian Federation.

We found 22 broker accounts (out of 147) that are suitable for CFD’s.

Spreads From

What can you trade?

  • Forex
  • Crypto currencies
  • Indices
  • Commodities
  • Stocks
  • ETFs

About XTB

Platforms

  • MT4
  • MT5
  • Web Trader
  • Mobile App

Funding Methods

  • Credit cards
  • PayPal
  • Bank transfer

75% of retail investor accounts lose money when trading CFDs with this provider.

Read our in-depth XTB review

AvaTrade

Spreads From

What can you trade?

  • Forex
  • Crypto currencies
  • Indices
  • Commodities
  • Stocks
  • ETFs

About AvaTrade

Platforms

  • MT4
  • MT5
  • Web Trader
  • Mobile App

Funding Methods

  • Credit cards
  • PayPal
  • Bank transfer

71% of retail investor accounts lose money when trading CFDs with this provider.

Plus500

Spreads From

What can you trade?

  • Forex
  • Crypto currencies
  • Indices
  • Commodities
  • Stocks
  • ETFs

About Plus500

Platforms

  • MT4
  • MT5
  • Web Trader
  • Mobile App

Funding Methods

  • Credit cards
  • PayPal
  • Bank transfer

76.4% of retail CFD accounts lose money

Spreads From

What can you trade?

  • Forex
  • Crypto currencies
  • Indices
  • Commodities
  • Stocks
  • ETFs

About IG

Platforms

  • MT4
  • MT5
  • Web Trader
  • Mobile App

Funding Methods

  • Credit cards
  • PayPal
  • Bank transfer

68% of retail investor accounts lose money when trading spread bets and CFDs with this provider

Read our in-depth IG review

Forex.com

Spreads From

What can you trade?

  • Forex
  • Crypto currencies
  • Indices
  • Commodities
  • Stocks
  • ETFs

About Forex.com

Platforms

  • MT4
  • MT5
  • Web Trader
  • Mobile App

Funding Methods

  • Credit cards
  • PayPal
  • Bank transfer

69% of retail investor accounts lose money when trading CFDs with this provider

Axitrader

Spreads From

What can you trade?

  • Forex
  • Crypto currencies
  • Indices
  • Commodities
  • Stocks
  • ETFs

About Axitrader

Platforms

  • MT4
  • MT5
  • Web Trader
  • Mobile App

Funding Methods

  • Credit cards
  • PayPal
  • Bank transfer

68.5% 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.

eToro

Spreads From

What can you trade?

  • Forex
  • Crypto currencies
  • Indices
  • Commodities
  • Stocks
  • ETFs

About eToro

Platforms

  • MT4
  • MT5
  • Web Trader
  • Mobile App

Funding Methods

  • Credit cards
  • PayPal
  • Bank transfer

62% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

XM Group

Spreads From

What can you trade?

  • Forex
  • Crypto currencies
  • Indices
  • Commodities
  • Stocks
  • ETFs

About XM Group

Platforms

  • MT4
  • MT5
  • Web Trader
  • Mobile App

Funding Methods

  • Credit cards
  • PayPal
  • Bank transfer

71.6% of retail investors lose money when trading spread bets and CFDs with this provider.

City Index

Spreads From

What can you trade?

  • Forex
  • Crypto currencies
  • Indices
  • Commodities
  • Stocks
  • ETFs

About City Index

Platforms

  • MT4
  • MT5
  • Web Trader
  • Mobile App

Funding Methods

  • Credit cards
  • PayPal
  • Bank transfer

72% of retail investor accounts lose money when trading CFDs with this provider

EasyMarkets

Spreads From

What can you trade?

  • Forex
  • Crypto currencies
  • Indices
  • Commodities
  • Stocks
  • ETFs

About EasyMarkets

Platforms

  • MT4
  • MT5
  • Web Trader
  • Mobile App

Funding Methods

  • Credit cards
  • PayPal
  • Bank transfer

83% of retail investor accounts lose money when trading CFDs with this provider.

Between 54-87% of retail CFD accounts lose money. Based on 69 brokers who display this data.

The Ultimate Guide to

Choosing a CFD Trading Platform

  • Written by Marcus Taylor
  • Founder & CEO

Contracts for difference (CFDs) enable you to trade thousands of assets without needing to own the underlying asset. This means you can easily go long or short on instruments like cryptocurrencies and stocks without needing a crypto wallet or a share dealing account.

In addition to the wide range of instruments offered, CFD platforms typically allow you to trade on margin, which means you could execute a £1,000 trade with an account balance of just £100, assuming a 10% margin.

We’ll explore the pros and cons of CFD trading in more depth in this guide, but first, here’s what to consider when choosing between different CFD trading platforms. You can jump to a particular section using the quick links below:

What to look for in a CFD Trading Platform

With hundreds of CFD brokers to choose from, you might be wondering what differs from one broker to another, and what should you pay close attention to when trying to find the best CFD broker for you?

We believe there are four key differences to consider:

1. Is this CFD broker safe to use?

The most important thing to consider when choosing a CFD trading platform is how reputable the company behind it is.

While thankfully not common, brokers have gone bust in the past leaving traders out of pocket. This is why we suggest using a company that is regulated by a recognised regulator such as the Financial Conduct Authority, who are obligated to insure their clients investments against insolvency by up to £85,000 under the Financial Services Compensation Scheme.

In addition to this protection, major regulators also ensure that the broker runs their business in accordance with the laws and regulations designed to protect retail traders. We only feature brokers on our website that meet this criteria, but you can also check that a broker is regulated by visiting their website and looking for their regulation registration number.

2. Am I able to trade what I want to trade?

Each CFD platform will offer a different array of instruments that you can trade. If you have a specific asset or asset class you’d like to be able to trade, it’s wise to ensure that the broker you’re thinking of using offers these.

You can see a comprehensive overview of the instruments offered by any broker by reading their review, which can be accessed in the navigation menu at the top of this page.

3. How much will it cost me to trade?

There are three main fees to consider with CFD trading – the commission, spread, and overnight holding fee (swap rate).

The main fee is likely to be the commission rate, which you pay on each trade and is effectively the main way the broker makes money. This is sometimes a percentage (e.g. 0.1%) or a fixed price (£5 per trade) or a combination of the two.

The spread is the difference between the bid and the ask price. In CFD trading, it’s less common for this to be a major part of the cost, but it is worth paying attention to.

Finally, there’s the overnight swap rate which you will pay for every night that you hold a position open.

Not all brokers charge all three fees, but it’s important to run some example costings to calculate how much you’ll likely pay per trade with the different brokers.

4. How good is the trading platform & charting package?

CFD trading platforms range from being highly intuitive for novices (such as eToro or Plus500’s custom platforms) to more sophisticated platforms like MetaTrader 4 or IG’s L2 Dealer, which come with advanced features like automated trading & direct market access.

The right platform for you will largely depend on how experienced you are as a trader and what you trade. An experienced equities CFD trader, for example, may specifically want a CFD broker that offers direct market access, a good charting package and a wide range of stocks to trade. On the other hand, a novice crypto trader may be more interested in finding a platform that offers a high-quality news feed, a wide range of crypto assets to trade, and an intuitive platform.

One of the best ways to compare platforms is to open several demo accounts and see which platform feels right for your trading style.

What are CFDs?

We’ve briefly alluded to why people choose to trade CFDs – but what actually are they?

A CFD is simply a contract or ‘bet’ to pay the difference in the value of a particular underlying asset between when the contract is agreed and when it expires.

The underlying asset could be a company’s stock, cryptocurrency, forex pair, market index or a commodity like gold or oil. This underlying asset is never owned by the buyer or the seller.

The profit (or loss) is the difference in the price from when the contract was opened and the time it closed. There is no restriction on the time one has to hold the contract – it can be sold at any time the buyer deems fit.

While we’ve talked a lot about contracts, CFD trades are typically made with the click of a button from an online trading platform between an individual (the buyer) and a broker (the seller). This is why it’s essential to choose a trustworthy CFD trading platform that offers a variety of instruments at a reasonable price.

An example of a CFD trade

If Facebook’s shares were trading at a price of $192 and a trader bought one hundred shares at the current price, the total transaction would cost the trader $19,200.

Applying leverage

Now, let’s imagine a broker offered a margin (or leverage) of 10% or 10:1 on US stocks like Facebook. The trader could now make the exact same trade, but would only be required to put down $1,920 (10% of the cost).

What about the spread?

Some CFD brokers make their profits through what is called the spread.

This is a small difference in the buying and selling price of the CFD. When a trader enters a CFD trade, the online account will immediately show a loss equal to the size of the spread. Therefore, if the broker charges a spread of 10 cents, the trade will immediately show a loss of 10 cents when the trade is opened.

The blessing and curse of leverage

Using the example above, let’s imagine that Facebook made an announcement that increases its share price by 15% to $220. In this case, the trader would have made a profit of $2,800 (a 146% increase on their deposit of $1,920). As you can see from this example, leverage has the ability to magnify profits, but there’s also a dark side to leverage.

Now imagine that Facebook is involved in a scandal that unexpectedly plummeted its share price by 30% to $134. In this situation, the trader would have made a loss of $5,760, which means the trader would owe the broker more than the balance in their account.

Many reputable brokers now offer negative balance protection, which ensures that you never owe your broker more than your account balance. This works by closing out your trades when your margin is used up.

Limits on leverage (and how to get professional status as a trader)

In 2020, the European Securities and Markets Authority (ESMA) imposed rules that capped the amount of leverage that inexperienced traders were allowed to use. Prior to this, it was possible for most traders to get leverage as high as 500:1.

While the limits are constantly being reviewed, it’s currently only possible for retail traders to get leverage on major currencies of up to 30:1. For more volatile instruments like cryptocurrencies it’s 2:1. There may be a way to increase this, however.

If you meet the criteria of a professional trader, which means you meet at least two of the three criteria below, you can apply to be an elective professional with certain CFD providers which increases your leverage limits up to a possible 200:1 and usually includes a host of other benefits such as lower rates and a dedicated account manager.

Professional status criteria:

  • You’ve carried out a minimum of 10 significantly sized transactions at a frequency of 10 per quarter over the previous four quarters.
  • The size of your investment portfolio, including cash deposits and financial instruments, exceeds €500,000
  • You’ve worked (or work) in the financial sector for at least one year in a professional position, which requires knowledge of the transactions or services envisaged

It’s worth pointing out that there are often some features you lose access to by having elective professional status which varies from broker to broker that you should consider.

For more information on getting elective professional status, you can follow the links to the following brokers’ web pages on getting professional status with them:

What are the pros and cons of CFD trading?

Pros

  • Access to a huge range of markets – including instruments that may not normally be available in the trader’s country.
  • Go long and short – With CFD trading it’s relatively easy to open a short (sell) position, allowing traders to potentially make money when an instrument goes down in price. With some other forms of trading it can be difficult to execute short positions without having already borrowed the instrument or having a relationship with the broker.
  • Leverage – While we’ve covered the downsides of leverage, it does allow traders to potentially maximise their gains with a lower initial deposit.
  • Instant order execution – With CFD trading, most orders are executed instantly with the click of a button so there is little risk of slippage or requotes.
  • Low fees and commissions – In comparison to traditional share trading, where it’s not unusual to pay £7-12 per trade, most CFD trading platforms charge a relatively low commission that works out more cost-effective for higher-frequency trading or trading with lower amounts of money.
  • No stamp duty (UK only) – Because there is no exchange of an asset, there is no stamp duty to pay if you’re trading in the UK.

Cons

  • You can lose everything – While assets rarely plummet to zero in traditional stock or commodity trading, it’s possible to lose your entire balance (and more) with CFD trading as a result of using leverage.
  • Overnight fees – CFD trading is not ideal for holding positions for long periods of time as there are fees for holding a position overnight.
  • Lack of ownership – With CFD trading you own the contract – not the asset. This has its upsides – you can trade Bitcoin without having a crypto wallet, trade gold without having to pay for bullion storage, and trade foreign stocks without having to open accounts with international brokerages. There are some drawbacks, though. When you own a company’s stock, for example, you get voting rights and potential dividends.
  • Capital gains tax applies – Unlike spread betting, which is exempt from capital gains tax, CFD trades are subject to capital gains tax. You should seek specific financial advice for more information on this.

What CFD instruments can you trade?

As a CFD is simply a contract to pay the difference in value between the current price and a future price, there are few inherent limits on what can be traded as a CFD.

Generally speaking, though, the following asset classes are commonly available for online CFD trading, in approximate order of most popular to least:

  • Stocks (e.g. Facebook, Barclays, Vodafone, Tesla)
  • Cryptocurrencies (e.g. Bitcoin, Ripple, Ethereum)
  • Forex
  • Commodities (e.g. Gold, silver & oil)
  • Indices
  • ETFs
  • Options

To make it easy for you, we’ve highlighted which instruments each of the CFD brokers in our comparison table above.

How to Learn CFD Trading

While covering the vast number of CFD strategies is beyond the scope of this article, many brokers offer educational programmes, webinars, and seminars to make learning how to trade CFDs easier.

City Index has a particularly good online guide for learning how to trade CFDs using their Web Trader platform, which covers much of what we’ve already talked about but in greater detail and with specific examples.

XTB also provides an online trading academy, which has the advantage of offering different courses depending on your level of experience.

While their introduction to CFD trading is just two short lessons (and repeats much of what we’ve included here), they provide a very detailed course on fundamental analysis, which dives into specific strategies for trading CFD stocks, cryptocurrencies, commodities, as well as an introduction to interpreting macroeconomics, politics and central bank policy.

Why Choose XTB
For CFD’s?

XTB scored best in our review of the top brokers for cfd’s, which takes into account 120+ factors across eight categories. Here are some areas where XTB scored highly in:

  • 16+ years in business
  • Offers 1,500+ instruments
  • A range of platform inc. MT4, Mirror Trader, Web Trader, Tablet & Mobile apps
  • 24/7 customer service
  • Tight spreads from 0.20pips
  • Used by 230,000+ traders.
  • Offers demo account
  • 3 languages

XTB offers three ways to tradeForex, CFDs, Social Trading. If you wanted to trade DAX30

The two most important categories in our rating system are the cost of trading and the broker’s trust score. To calculate a broker’s trust score, we take into account a range of factors, including their regulation history, years in business, liquidity provider etc.

XTB have a AAA trust score. This is largely down to them being regulated by Financial Conduct Authority, segregating client funds, being segregating client funds, being established for over 16

Trust Score comparison

XTB AvaTrade Plus500
Trust Score AAA AAA B
Established in 2002 2006 2008
Regulated by Financial Conduct Authority Central Bank of Ireland, ASIC, IIROC, FSA, FSB, UAE and BVI Financial Conduct Authority (FRN 509909) and Cyprus Securities and Exchange Commission (License No. 250/14). Plus500AU Pty Ltd (ACN 153301681), licensed by: ASIC in Australia, AFSL #417727, FMA in New Zealand, FSP #486026; Authorised Financial Services Provider in South Africa, FSP #47546
Uses tier 1 banks
Company Type Private Private Private
Segregates client funds

A Comparison of XTB vs. AvaTrade vs. Plus500

Want to see how XTB stacks up against AvaTrade and Plus500? We’ve compared their spreads, features, and key information below.

Spread & fee comparsion

XTB AvaTrade Plus500
Fixed Spreads
Variable Spreads
EUR/USD Spread 0.20 0.70 0.60
GBP/USD Spread 0.1 1.6 0.01%
DAX Spread 0.9 1.5 0.01%
FTSE 100 Spread 0.50 1.0 0.02%
S&P500 Spread 0.10 0.25 0.02%

Comparison of account & trading features

XTB AvaTrade Plus500
Platform MT4, Mirror Trader, Web Trader, Tablet & Mobile apps MT4, Mac, Mirror Trader, ZuluTrade, Web Trader, Tablet & Mobile apps Web Trader, Tablet & Mobile apps
Services Forex, CFDs, Social Trading Forex, CFDs, Spread Betting, Social Trading CFDs
Base currency options USD, GBP, EUR USD, GBP, EUR, JPY, AUD GBP, EUR, CHF, JPY, AUD, CAD, NZD, PLN
Funding options Payoneer, Credit cards, Bank transfer, PayPal, Neteller, DebitCard, Payoneer, Credit cards, Bank transfer, PayPal, Neteller, WebMoney, Credit cards, Bank transfer, PayPal, Skrill,
Micro account
ECN account

Frequently Asked Questions

What is CFD Trading? A contract for difference (CFD) is a contract written between a ‘speculator’ and a ‘provider’ such as a CFD firm. At the end of the contracted term, the parties settle by paying or receiving the difference between the opening and closing price of a specific underlying financial instrument, asset or exchange rate, with a CFD speculator taking the opposing side of the financial outcome from the CFD provider. How Does CFD Trading Work? A CFD is an agreement to pay the difference in the value of a particular underlying asset after the period of the contract expires. The underlying asset can be a company’s stock, foreign exchange, or market index among other commodities. While the actual underlying asset is never owned by the buyer or the seller, the profit (or loss) will be the difference in the price of the asset from when the contract was opened to the time it was closed. How do you make money CFD trading? Like most forms of trading, you make money in CFD trading by correctly speculating on the direction that an asset will move in the future. After placing a trade (with or without leverage) you will have made an immediate loss due to spread (the difference between the buy and sell price) and other fees taken by the broker. You must first, therefore, make back the cost of placing the trade, and anything above this break even point will be profit that can be crystalised by exiting the trade. Of course, it is equally possible that the trade goes in the opposite direction to what you had expected, which would result in a loss. What are CFD stocks? Unlike traditional stock trading where you own a ‘piece’ of the company you buy stocks & shares in, in CFD stock trading you do not own the underlying asset (i.e. the stock). Instead, you agree to pay the difference in value between the current price and the price when you sell it, despite not owning it.

To discourage traders from holding onto assets indefinitely, there is usually a small fee for holding positions open overnight. Therefore, CFD trading is generally considered more suitable for shorter-term trading. How does CFD leverage work? Also called trading on margin, leverage enables traders to execute trades of a larger size than the balance in their account. For example, with 10:1 leverage you could make a £10,000 trade with an account balance of just £1,000. Is CFD trading halal? CFD trading is not permissable in Islam.

This is partly due to the interest that is incurred by holding positions overnight, which is problematic due to interest being forbidden in Sharia Law. Related to this is the existence of Riba, which is condemned in the Qur’an, and results from the counter-value being of the same genus as the value being traded. What does CFD stand for? CFD stands for contract for difference. Is CFD trading the same as spread betting? No. While there are many similarities between these two methods of trading, such as not owning the underlying asset you trade, there are also several crucial differences between them. For example, in spread betting each trade typically has a fixed expiry date, whereas CFD trades can be held indefinitely. Spread betting is also exempt from both stamp duty and capital gains tax in the UK, whereas CFD trading is only exempt from stamp duty. You can read more about the differences between CFD trading and spread betting here. Can you lose more money than you invest with CFDs? Yes. One of the main disadvantages of using leverage is that you can lose more money than you have available in your account if your trade moves too far in the opposite direction.

If a broker offers negative balance protection, this will prevent this from being the case as any trades that would force your account balance going below zero will be closed automatically. In 2020, this feature was made mandatory for retail CFD accounts in Europe under ESMA rulings in an attempt to protect retail traders from owing their broker more money than they had deposited. Is CFD trading taxable in the UK? CFD trading is subject to capital gains tax but not stamp duty in the UK, as there is no underlying asset being exchanged. However, if you are concerned about the tax treatment of CFD trading, we would recommend seeking the advice of a qualified financial advisor.

Pepperstone – overview of a large forex broker (CFD, Crypto currency)

вњ… This Trading Platform is available in Russia

Virtually all users of the World Wide Web (on the topic of earning in the network) can be divided into three big “categories”:

в—Џ The first believe that all the proposed ways of making a profit using the Internet – this is a 100% deception.

в—Џ The second, are sure that you can earn online, but for this you need to pay a lot of attention and money to your education

в—Џ And the third group does not enter into meaningless disputes, does not prove anything to anyone, does not prove anything, but takes and earns a decent amount, while not violating the laws and moral principles of the countries where they provide their services.

Representatives of the latter category are most often interested in the global financial market, which is able to bring its clients more than one hundred thousand dollars, for a relatively short period of time. The main requirements for the realization of this goal are the basic knowledge in the industry where they work, a detailed study of all news and forecasts related to the trading assets of interest, as well as the availability of seed capital so that its amount corresponds to the tasks set.

Among the objects of interest for this topic, Pepperstone, which begins its business exclusively as a forex broker, is increasingly attracting the attention not only of experienced participants in online trading, but also of traders who make their first attempts to profit in other segments of the global financial market .

Pepperstone Features and Suggestions

Taking into account the fact that the competition between the participants of the world financial market has recently intensified, often using too crude methods to eliminate opponents, do not trust all the information you will find about the broker in the network. That is, if someone proves that this company does not pay its customers, blocks their accounts for no reason, or finds thousands of other ways to refuse to fulfill their obligations, it means it is worthwhile to conduct your own analysis of the broker’s activities. With such negative characteristics, the participants of the world financial market do not “live” for a long time.

Customer Safety

In 2020, in the Australian city of Melbourne, a forex broker was created, which practically every participant of online trading knows today. If the company started its activity as a broker working with currency, then after eight years the sphere of its interests has significantly expanded. Famous, in practice, proven their reliability, the platform Meta Trade 4/5, and specially developed for Pepperstone application can perfectly perform the tasks. In this case, the trader does not have to worry about the safety of personal data or his investments.

Any technical or financial issues a company user can solve with the help of online chat, e-mail, telephone or Skype. And you should pay attention to the fact that the support service works flawlessly. You do not have to repeatedly repeat your question to other, “more competent” employees of the company.

Investments of traders are kept in the accounts of the most reliable Australian banks. Therefore, an account registered with Pepperstone is a guarantee that the user can withdraw his investment at any time.

Regulation of the activity of the broker

An additional factor in the security of the financial broker presented is the fact that its activities are regulated by the Australian Australian regulator ASIC and the Financial Accounting Authority in the UK (FCA). Also worth paying attention to the fact that the financial responsibility of the broker is insured in the concern Lloyds of London.

You do not even need to be a professional economist to draw conclusions about the reliability and security of the structure in question. Today, it is quite difficult to find a structure of such a level that can protect the interests of its clients from almost any side.

Training of traders

The financial success of the future trader and the amount of his expected income largely depends on how much he understands the issues of Internet trading. Therefore, site administrators are constantly working on expanding the training material on the trading platform and adding information, the analysis of which will help traders to increase the amount of their income. At the same time, users of the web resource are constantly reminded of the risks associated with the implementation of affordable financial transactions.

But beginners should be aware that on the trading floor all training materials and financial news are designed for users who have at least basic knowledge to work in this field of the economy. On the web resource you can easily find all the latest economic news, exchange rates, analytical forecasts, etc.

But even if you do not have enough experience, you can take advantage of such an interesting proposal as Social Trade. Its essence is to copy the transactions of successful traders who demonstrate good statistics on financial transactions

Getting Started on Pepperstone

On the considered resource it is possible to open two types of accounts:

в—Џ EDGE Standard (above the spreads, but there is no commission).

в—Џ EDGE Razor (there is a commission, but below the spreads).

Also, users can open an Islamic account.

Trading conditions

в—Џ The minimum deposit amount is $ 200.

в—Џ The minimum rate is 0.01 lot.

в—Џ There is an affiliate program.

в—Џ Automatic operation mode.

в—Џ Account currencies: Australian and American dollars, Euro.

According to the users who made up the Pepperstone review, these conditions allow you to work comfortably and get a good income.

Trading assets

For profit, the clients of the broker can use the following trading tools:

в—Џ Currency pairs.

в—Џ CFD on stock indices.

в—Џ Precious metals.

в—Џ Crypto currency.

How to replenish your account and withdraw money

If you follow the basic compiled about Pepperstone user reviews, you can see that to replenish trading accounts and withdraw funds, most often used:

в—Џ Plastic cards of financial and credit institutions (Visa and MasterCard).

в—Џ China Union Pay.

в—Џ Broker to Broker.

The specific way of replenishing the purse and withdrawing funds depends on such factors as the region’s residence, the presence / absence of the current payment system and the commission for the transfer currently established.

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