Friday , December 15 2017
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Forex Trading

Important facts about forex trading career

Important facts about forexForex trading is such a lucrative business that day by day more people are getting involved in this high-risk market. There are many profession in the world offering a high salary to their candidates but when it comes to comes to forex trading the potential earning is unlimited. If you chose to trade as a full-time career then you don’t need to do your 9 – 5-day job and follow others command. But mastering the art of forex trading is very difficult task. There are number of parameters that you need to fix before you expect a decent amount of income from forex trading.

Treat forex as business

This is the number one thing that you should realize before you quit your day job for forex trading. There are many new traders who jump into the forex industry only to make a profit. But at the end, they lose all their hard earned deposit and start gambling in this high leverage market. Research shows that out of 100 traders only 5 percent are making money. These 5 percent comprises of the smart investors who truly believe that forex is just like any other business. As a trader, you must accept a certain amount of loss and can expect to have all winning trades. Losing is just a part of your trading career. This is the hardest part that you need to learn to master the art of forex trading.

Treat Forex as a businessCan you tell any business that doesn’t involve any capital cost? The answer is pretty simple. No. You must spend a certain amount of money in order to run your business properly and in forex losing trades are the capital cost of trading business. So what should you do in order to make a profit even after taking series of loss? Professional traders always use strict money management rules in forex trading. This allows them to have more losing trades than their winner. They make sure that their winner is very big compared to their losing trades. Trading the financial instrument with excessive risk is just an immature act. You need to learn how to manage your trade efficiently so that losing trades doesn’t blow things up.

Revenge trading

Revenge trading is very much popular among the new traders. After having a series of loss all the strict discipline of the new traders are washed away by their emotions. But if you trade with your emotions and without discipline then you are bound to lose money. Don’t try to recover your loss by taking a huge risk. Rather concentrate on trading strategy and performance. Love you losing trades and learn from your mistakes. Don’t judge your trading result based one 5 -10 trades. Rather evaluate your trading performance on monthly basis. Trade what you see not what you believe. Make sure that you are executing your trade with proper risk management factors. Be prepare to take a loss since the best trade setup often fails in this market. Never risk any money that you can’t afford to lose.

Perfect approach technical analysis in the forex in the forex industry

Trading the forex market requires an extreme level of skills and patience. If you want to consider forex as your full-time career then you must develop three sets of skill. Technical, fundamental and the sentiment analysis is the most important three skills that every trader must know in their trading career. In this article, we will guide you how to do a proper technical analysis to make profit consistently. Technical analysis is nothing but the study of raw price data in the trading platform. Professional traders use different drawing tools and indicators in their technical analysis for better precision in their trade entry.

Keep it simple

Keeping things simple has its own unique benefit in trading. There are many traders who use tons of indicators to filter the best possible trade in the market. But in reality tons of indicators will hamper your trading decision. Professional traders always use simple support and resistance level to trade the financial instrument in the forex market. So you need to learn how to draw support and resistance in the chart properly. Believe me or not, if you can master the art of support and resistance trading strategy then you can make tons of money very easily from this industry. In the eyes of trained professional support resistance and trend line is the best trading tools. So make sure that you learn this thing very precisely and perfectly.

Price action

The price action trading strategy is considered to be one of the best trading strategies in the world. Though there are many different trading strategies but many professional traders consider the price action trading strategy as the best trading strategy in the forex market. As a price action trader, you need to learn the important candlestick pattern along with their interpretation. Professional traders trade the price action signal in key support and resistance level and make profit consistently in this industry. But trading the price action confirmation signal in the lower time frame is not recommended. As professional traders, you must prefer higher time frame while drawing technical levels and considering important candlestick pattern.

Combined approach

The best trading result can be found when the trading decision is taken based on price action and support and resistance level. Highly reliable candlestick pattern tends to form at the trend line or important support and resistance level which gives the trader highly reliable and profitable trading signal. There are many traders who use one or two indicators along with this technique to acquire better precision. But every professional trader always has one thing in common. They never rely too much on indicators rather they trade the raw price data. Once you master the art of technical analysis try to combine your technical analysis with your fundamental and sentimental analysis. Remember as a professional trader you must find a perfect synchronization in the major three types of analysis. Best trading result can be found when trades are executed based on these three important analyses.

Mastering the art of forex trading within the shortest possible time

Mastering the art of forex trading within the shortest possible time is a very difficult task if you don’t have any proper guideline. There are many traders in this industry who are trading the financial instrument for many years yet struggling hard to make a decent profit in the market. On the other hand, there many successful traders who are making tons of money out of forex trading within a year or two. If you truly want to take forex trading as a full-time profession then you must develop some unique sets of skills.

Mastering the art of forex tradingAs a professional forex trader, you must know your risk tolerance level. Forex trading is such a lucrative industry where many people fail because of the hard grip of the greed. To make profit consistently out of forex trading you must trade without emotions. This is the hardest part of this job. You might have a valid trading strategy and strong technical and strong fundamental knowledge yet you will fail in this market. Trade what you see not what you believe. You must accept losses and manage your account efficiently. From the very beginning of your trading career, try to follow strict money management. Don’t lose the hard grip of your trading discipline after incurring series of losses. Judge your trading performance based on monthly and yearly performance. Evaluate your trading result and learn from your mistakes.

Professional forex traders always love to trade the market with simplicity. On the contrary, the novice trader makes things overly complicated and loses tons of money in this industry. To be precise you can never relay on an indicator. Indicator can be helping tools but it can never be your prime trading arsenal. The best way to master the art of technical analysis is by following price action trading strategy. Though there are many different trading strategies but price action traders tends to develop strong trading foundation earlier than the other traders.

The price action trading strategy is very simple and it’s based on the study of the raw price data. Professional price action traders use the highly reliable candlestick pattern and trade the important support and resistance level. If you truly want to master the art of forex trading then the price action trading strategy will give you the best possible solution. This strategy is pretty simple and traders trade the raw price data in the market they don’t rely on any indicators or other EAs. Though price action trading is highly reliable and traders are highly recommended to use proper risk management factors. To be honest proper money management is the key to success in this industry. The faster you learn to manage your emotions the quicker you will become professional traders. Make sure that your winners are always bigger than your winners. Treat forex trading as a business and be ready accepting negative income at the end of the month. But make sure that your account balance remains positive at the end of the year.

Plus500 Review

 

plus500-logoYour capital is always at risk trading the financial market. It can be intimidating especially if you are relatively new in this industry. There are many different types of brokers offering lucrative trading bonus and excellent trading platform to the retail traders nowadays. But choosing the right broker for you can be very much tricky since it requires an extreme level of research and keen knowledge of your requirements. Plus500 is one of the most reputed brokers in today’s world and many professional traders are considering it as their prime choice when it comes to CFDs trading. This broker provides the wide range of trading instruments to it clients among different parts of the world. From the very moment they have to emerge in the market, they are exploring all the possible sectors to improve their professional service. The experts of Plus 500 team has done an excellent job in providing a user friendly trading environment to the trader. They have earned the trust of millions of traders among different parts of the world through their quality service and dedications.

Back in 2008, the Plus 500 group was founded by the extreme experts of the financial and technical industry. From that very moment, this team is developing with the speed of light and fuelling millions of customer’s requirements in the financial industry. They have done an extraordinary job in presenting their service to their retail and commercial customers. They have a strong professional attitude which has earned them huge respect in the online finance industry. Their monthly transaction has exceeded more than 2,000,000 monthly transactions in the last year and still increasing in an exponential manner. Unlike other company their core management never let down their customer service even though they have enough popularity in the finance industry. On February 26, 2014, the Plus 500 has gained a market value of $1,000,000,000 USD which is really an amazing figure. They have gathered all the modern trading resources for successful trading and developed a unique trading environment for its traders. In 2016, the smart programmers of this team have developed a new web base trading platform compatible with desktop and mobile devices. Let’s see the key strength and weakness of this broker in more details.

Basic Information

Establishment date: 2008

Bonus: Varies depending upon promotion T&Cs apply
Minimum Deposit: $100
Max leverage: Max leverage: Shares 1;20 , Indices : up to 1:294 , Forex 1:294 , Commodities 1:151
Spread: Variable
Minimum lot size: 0.01
Scalping: No
Financial instrument: Financial instrument: CFDs on Forex , Shares , Indices , Commodities , Options , ETFs
Order type: Market order, limit and stop orders, entry order and once cancel the other orders
Language: Multilingual
Trading Platform: Plus500 Trading Software, Web Trader

Pros:

  • The minimum amount of deposit is quite reasonable compared to its offered service
  • The market feed and the spreads of the trading instrument are excellent
  • Traders can get up to an astounding 7000 euro bonus . minimu, 50000 euro as deposit bonus terms and conditions applicable minimum trading required for withdrawal
  • Though their trading platform is different but the User interface is extremely friendly and highly efficient

Cons:

  • They don’t provide any telephone support
  • The world most popular trading platform like MT4 is not supported
  • They don’t offer different types of trading account which are must have things for the traders
  • They have not set any localized support yet they are working on it
  • Due diligence should be exercised and your capital is always at risk

Binarys Rating:

5 stars

Signup procedure

Plus 500 has done a brilliant job in decorating their signup form. The form is very simple and traders among the different parts of the world can easily signup for a live trading account by using their personal data. Once the signup procedure is completed traders are asked to upload their valid photo id and utility bill so that they can verify their identity. Unlike other brokers the verification procedure is a little bit complex in the Plus 500. Experts make sure that only the legit people are their client since them quality compromises with the diverse customers of different sectors. Their main is to attract potential traders to whom they can show their brilliance in the field of financial service. Before you make your initial deposit to this broker make sure that your account verification process is completed with the right documents. An account with incomplete verification is not allowed to make a withdrawal.

 

Deposit and withdraw method

The plus 500 team has done a brilliant job by adding a much different payment procedure for deposit and withdrawal methods. Traders among the different parts of the world have the unique freedom to deposit their trading account in many different ways. The broker supports many current online payment systems and different types’ credit and debit cards for the account funding process. The most popular deposit and withdrawal method in the Plus 500 broker are stated below

  • Credit Cards
  • Skrill
  • PayPal
  • Wire Transfer

If you truly want to become a successful trader in the financial world then there is no other alternative for learning. The Platform offers a number of different trading tools for all traders. The demo account provided by the broker also helps the traders to back test their trading strategy without losing any real money.

Plus500UK Ltd is authorised and regulated by the Financial Conduct Authority (FRN 509909).
Plus500CY LTD is authorised and regulated by the Cyprus Securities and Exchange Commission (Licence No. 250/14).
Plus500AU Pty Ltd, AFSL #417727 issued by the Australian Securities and Investments Commission is authorized to issue these products to Australian residents. You do not own or have any rights to the underlying assets. Please consider our Disclosure documents available on our website.

Summary

Plus 500 has excel in their customer service from the very begining of the time. Over the period of time, the company has grown bigger yet they evaluate each and every single customer with a great level of care. Considering all the parameters and trading environment the Plus 500 is highly recommended a broker in your trading career.

Avatrade review

 

avatrade-logoOne of the hardest task in the trading career is choosing the right broker. A well reputed and professional broker can make a huge difference in your live trading performance. Professional traders always spend a considerable amount of time before picking any broker since they have perfect trading environment is extremely vital when it comes to financial instrument trading. But testing all the trading parameters of each broker is extremely difficult nowadays. But with the help of online broker review, we can easily shortlist our preferred broker and test their trading environment and professionalism. Avatrade is one of the leading brokers in the financial industry with rising popularity.

Since 2006 this broker has been owning the heart of retail and commercial traders with their efficient and delicate service. In the hands of trained professional Avatrade has achieved the quality benchmark in the financial industry which made them one of the most trending brokers in today’s world. Their service is just extraordinary when it comes to customer service and priority. Transparency is maintained strictly throughout their operation period and day by day they are working hard to facilitate their customers in every possible way. Within this 10 years of service in the financial industry, their trading volume has already surpluses $60 billion + per month. Let’s analyses the detailed performance and quality service of Avatrade in more professional and organized way.

Basic Information

Establishment date: 2006
Regulations: Central Bank of Ireland, ASIC,BVI financial Service Commission, FFA of Japan
Bonus: Varies depending upon promotion
Minimum Deposit: $100
Max leverage: 400:1 forex, 200:1 CFD,20:1 stocks
Spread: as low as0.8 pips
Minimum lot size: 0.01
Order type: Market order, limit and stop orders, entry order and once cancel the other orders
Advanced resource: Auto chartist
Currencies: USD, EUR
Trading Platform: Meta Trader , Avatrader and Web trader(Support Android and IOS)
Countries: Accept all countries except the USA

Pros:

  • Excellent promotional deposit bonus
  • 50+ financial instrument to trade
  • Allows scalping and hedging
  • Advanced loss protection features
  • No deposit or withdrawal fees
  • Offers EAs and Signals
  • Smart one clicks trading service

Cons:

  • Options are limited in commodity trading
  • Charge 25$ after 3 months of inactivity
  • Orders are not filled with level 3 depth data
  • VPS or dedicated servers is not available to its customers
  • Doesn’t accept US client

Binarys Rating:

5 stars

Account Opening

Avatrade has done a great job in customizing the design of the signup form page for new traders. They have made things very clear and précised and created a user-friendly environment. Once you hit the signup button you are redirected to smart user-friendly account opening page. All you need to do is to fill up the simple signup from. From there you also have freedom to choose your base currency and trading platform. Currently, Avatrade provides four different powerful trading platform to the retail traders. Most importantly you are getting all the free premium features of the Avatrade with just $100 deposit. However, if you are not comfortable with real money investment then you can also sign up for their practice account where you will have a virtual dollar and access to all live trading tools.

 

Bonus on Deposit

Avatrade offers six different bonus scheme for the client based on their initial deposit. All the promotional bonus are available on three major currency, USD, GBP and Euro. Traders get their desired deposit bonus based on their trading volume and frequency which must comply with their terms and conditions. Let’s see the bonus structure of Avatrade.

Deposit
Bonus
500 100
1,000 200
2,500 625
5,000 1,250
7,500 1,875
10,000 3,000

 

Education materials

Avatrade has done an extraordinary job in developing the learning resource. Regular update of technical and fundamental analysis is posted on their site which is pretty much precise and easy to understand. The education section of the kava trade contains all the important online resources to master the basic art of online financial trading. Traders can get easy access to the financial documents and articles at their convenient time. Most importantly the education materials are arranged in a systematic order so that new traders can also learn how to trade the market properly. There are also video tutorials from the expert traders which the learner can use to excel their trading career. They also hold the webinar on a regular basis which gives the new and advanced traders a unique opportunity to get their queries clarified from the expert traders in the live session. To be honest, they have put lots of effort in this section to make it highly valuable to the trader’s community.

 

Customer Service

This is one of the most important things that traders consider before selecting their broker. Avatrade has developed excellent customer service team capable dealing with the customers with friendly manners. They are patient and well behaved and try to solve the problem as early as possible. This is one the key site which has made them so popular in this industry. But sometimes the chat service is offline which is a bit surprising from such a high-class broker. Since traders from different parts of the globe access their site 24/7, it’s imperative to have solid 24/7 live chat support. However, their overall customer service is excellent if we overlook the offline service period.

 

Summary

So far we have presented all the important parameter that the trader requires knowing before getting involved into a broker. Selecting the right broker is very important for a successful trading career. The overall performance of Avatrade is well above standard with excellent premium trading service and customer support. However, they should also include advanced charting software like C trader which allows level 3 market data in live trade execution. Considering all the parameters Avatrade is definitely a good pick for retail professional traders.

Etoro Review

 

etoro-logoTrading the financial instrument can be very intimidating especially if you consider it as your full-time profession. There are a number of key factors which you need to execute perfectly in order to become successful in the vast financial world. You must be aware of the huge risk involved in the financial instrument and side by side you need to manage your trading environment in a professional manner for consistent profit. The number one factors that every professional trader pay close attention is, the potential broker that they are going to get involved. The importance of the right trading environment is utmost important in the trader’s career. eToro, a well-reputed broker is now gaining the trust of millions of traders by their dedicated service and constant improvement. They know what the traders want and organize their trading environment accordingly.

Retail trading was not so much popular among traders in the past. But due to constant improvement of trading environment and the ability of free trading resources, it has become a trending option in today’s world. eToro provides transparent CFD, option, commodities and forex trading facilities to the traders among the world with the world most advanced technological features. Their trust and smart performance are now providing excellent support to more than 4.5 million users over 170 countries around the globe. eToro is always engaged in improving their versatile trading tools and developing a modern trading environment for the traders. They are emphasizing on traders community and have created a golden spot for the traders to reunite and shares their trading experience and strategy without any cost. Constantly thrives off their professional team is keeping them well ahead of other competitors in this industry. Let’s see how they are different from other brokers and what are the scopes that they still need to improve in order to maintain a high standard of customer satisfaction.

Basic Information

Establishment date: 2007
Regulations: CySEC, FCA,CIF
Bonus: Varies depending upon promotion
Minimum Deposit: $200
Max leverage: 400:1
Spread: Variable
Minimum lot size: 0.01
Scalping: No
Hedging: Yes
Order type: Market order, limit and stop orders, entry order and once cancel the other orders
Language: Multilingual
Trading Platform: eToro webTrader, Etoro Openbook, eToro Mobile Trader
Countries: Accept all countries except the USA

Pros:

  • Allows advanced automated trading system and latest robots
  • Professional training program for different level of traders
  • One of the world best social trading community
  • Wide range of advanced trading platform
  • Lucrative promotional offers on regular basis
  • Excellent customer service and trade execution speed
  • Trading alert and email notification
  • Advanced market commentary from the professional traders

Cons:

  • Spreads are very high compared to other brokers
  • Offers limited financial instrument for forex trading
  • Their default trading platform has limited customizable features
  • Charting software needs to improve to a great extent
  • Don’t accept the US client

Binarys Rating:

5 stars

Signup procedure

The signup procedure of eToro is very simple and effective compared to its other competitors. Smart professionals had taken huge importance in making the signup form as comfortable as possible for the traders. The retail traders just need to fill up a simple form with their personal data and their account is ready for their first use. If you don’t have your account verification documents then you can also check the radio button “finish later” to add funds to your account. You can access all the trading privileges and trade with a great level of ease without your verified account. But before you withdraw your profit you must have to verify your account with valid photo id and utility bill. So it’s always better to get your account verified before you start trading with real money.

 

Deposit method

Trading the financial instrument with eToro requires real money deposit like any other brokers. But if you are novice traders then you always have the advantage to open a demo account and use their trading platform until you get comfortable with your trading skills and their provided trading environment. There are number of ways to make a deposit in their trading account. These are

  • Credit Cards
  • MoneyGram
  • Neteller
  • PayPal
  • WebMoney
  • Wire Transfer

One thing that the new trader must know about eToro is about their withdrawal method. eToro charges their client from $5-$25  for withdrawal and it takes about five business days to process. The withdrawal fees vary from the amount to amount but never exceeds $25.

Social trading network

The social trading network is one of the most innovative ideas taken by the store professional. Traders from different parts of the globe can share their trading idea and analyses with different traders. They have the unique opportunity to share their knowledge and get the real touch of other trading tools from different traders of the world. To be precise the social trading network of eToro has created sparkling resources for the new and professional traders. If you want to learn the financial industry and get enlighten by the knowledge of professional traders then you must join their social trading network.

Customer Service

eToro has always valued their customers with great importance. Their professional team exactly knows the role of their customer service representatives. They deal their customers with a great level of care and try to solve the queries of the customers with great care. If any problem is not solved instantly then they make a complaint ticket and usually the matter gets resolved within two business days by the higher authorities of the organizations. The customer service is provided in many different languages 24×5 days a week.

Summary:

eToro is now one of leading broker in today’s world .Traders among different parts of the world are joining this organization for the secured trading environment. Their advanced trading community is always active and the dynamic discussion by the professional traders are good enough to give you a clear understanding of the forex industry. To be precise eToro is definitely a good pick for the retail traders.

FXTM Review

 

fxtm-logoThere has been a massive war between the brokers in terms of quality service and dedication. Though there are lots well-repeated brokers in the financial industry but it’s highly imperative that you chose the right broker which tends to meet your requirements to the full. For instance, XYZ broker can be very popular among the long-term traders but it has no place at all among the short-term investors. To be precise you must know your trading style very well and pick such a broker who tends to provide the best possible environment for your style. In today’s world forex time is such a broker who has been proving quality service to the traders among the different parts of the world.

Back in 2012, this broker started its premium service to the retail traders. From the very begging of their inauguration, they have precisely maintained top quality trading service and professionalism. Though this broker was relatively new compared to other highly established broker but it gained public trust within a very short period of time by their quality service. Many traders consider this broker as one of the best commodity trading brokers due to its top quality trade execution and precise market feed. Trained professionals are constantly working hard to develop their trading service and bring necessary changes in their provided trading environment for better efficiency and trading result. To be precise they value their customer with a great level of importance and they know in order to survive in the dynamic market they must bring positive change before the others. Let’s see the detail review of this broker which will give a clear insight about their professional service in the finance industry.

Basic Information

Establishment date: 2012
Regulations: CySEC, IFSC,CIF license 185/12 (2012).
Bonus: For every lot traded $2 is added to the account
Minimum Deposit: $1
Max leverage: 1000:1 forex
Spread: Variable
Minimum lot size: 0.01
Order type: Market order, limit and stop orders, entry order and once cancel the other orders
Advanced resource: Streaming news feed and place trade over the phone
Currencies: USD, EUR,GBP
Trading Platform: MT4, MT4 Mobile, MT5 (Support Android and IOS)
Countries: Accept all countries except the USA
Languages: Multilingual

Pros:

  • Their customer support is excellent and takes prompt action regarding any issue
  • Traders are allowed to do hedging and scalping
  • Regulated by many different overseas bodies and trusted by millions
  • They always give competitive promotional offers.
  • Premium trade copy service available

Cons:

  • Exotic pairs are restricted to swap free trading account
  • Minimum 25k account balance is required for interbank rate spreads
  • Traders need to open separate share account for CFDs trading
  • Only Metatrader trading platform is provided by them

Binarys Rating:

5 stars

Account opening

Open a live trading account with FXTM is pretty simple. Traders need to fill a simple signup form with the basic details about themselves. Once the signup process is completed, a valid photo id and a utility bill are required for the account verification process. This step is a little bit complex since the FXTM professional is extremely cautious about account verification method. Once the account is verified traders are allowed to start live trading with the minimum deposit of $1.If you think that you are not yet ready to trade the financial instrument then you can always enjoy the demo facility provided by the FXTM experts. The demo trading environtment is as good as the live trading platform. There is no expiry date of their demo trading account and you trade with the unlimited virtual dollar and learn the forex trading with a great level of accuracy without even investing any real money.

 

Account types

Choosing the right account is very much important for a successful trading career. Professional traders chose their trading account based on their initial deposit and level of expertise. The FXTM provide a wide range of accounts to the traders. Traders can easily pick the best possible trading account and even migrate to another account with some few simple clicks. The prominent account provided by the FXTM are

  • Standard Account
  • Cent Account
  • Shares Account
  • ECN Account
  • ECN MT5 Account
  • ECN ZERO Account
  • ECN Strategy Account
  • FXTM Pro Account

Education materials

The forex time broker also provides quality training materials for the retail traders. Though the educational stuff is not sufficient but yet they are good enough to give you the clear understanding about the forex market. The also hold a webinar to help the traders to develop the technical and fundamental analysis. The best thing about their educational stuff is their forex trading circle portal. This helps the traders to gather knowledge from professional traders regardless of their trading experience and knowledge.

Customer Service

This is one of the best section of the FXTM. They have been providing quality customers support to their client from the very beginning of their foundation. The have extensive localized chat representatives who can clearly understand your queries and come up with the best solution within the shortest possible time. Along with the live chat support, they also provide quality email and telephone support to their valuable client. Many times they take responsibility to call back to their client when any existing issue gets resolved.

Summary

By now we know most the key parameters of this broker. Considering all the parameters, FXTM is not a bad choice at all. Many professional traders consider this broker as one best service provider in the finance world. Starting from the new traders ending with professional, both the groups are highly satisfied with the quality service provided by this broker. However, they should work with the different trading platform since they are currently stuck with MT4. Advanced charting software like C trader and ninja trader will definitely uphold the value of this broker the professional traders.

IG Review

 

ig-logo

Choosing the right broker is one of the first steps that every trader consider in their career. You may be a good trader but if you secret a bad broker then you can end up by losing lots of money in this financial industry. There are many different brokers out there in the world who are promising to give the best possible service to their retail customers. But in reality, very few of them are providing quality service to their customers. IG is one of the oldest brokers in the forex history which provides quality trading service to its retail clients. They are also the one who first brought the financial market live in the IOS environment. It’s true that they have a very special team who are truly dedicated to building the reputation of them in the finance world. Traders among the different parts of the world are constantly opening the account with the IG and trading different financial instrument in their top class trading environment.

Since 2008 this broker has been proving top quality trading support internationally to its retail and commercial client. Now the existing number of traders in the IG group has surpluses 152600.They have established their working office around 15 different countries in the world who are commit in ensuring their client’s requirements. Trading environment is very crucial for a full-time professional trader. Different traders tend to have different trading style and strategy. So it’s enormously important that your broker rules and regulations perfectly complies with your trading strategy and you feel comfortable with their provided trading support. Let’s see how the IG group differs from other brokers and what benefit does it provides to their customers.

Basic Information

Establishment date: 1970 online since 2003
Regulations: FCA, UK Listed
Bonus: Varies depending upon promotion
Minimum Deposit: $200
Max leverage: 1:200
Spread: as low as0.8 pips
No of assets: 100+
Minimum lot size: 0.1
Order type: Market order, limit and stop orders, entry order and once cancel the other orders
Currencies: USD, EUR
Trading Platform: Meta Trader (Support Android and IOS), web platform
Countries: Accept all countries except the USA

Pros:

  • They trading platform is well versatile and equipped with advanced trading tools
  • Their customer support team is highly knowledgeable and prompt in their action
  • They provide free demo account
  • They are well reputed and regulated broker since 1970(Online 2003)
  • Offers wide range of markets to the traders

Cons:

  • Their web setup is much more complicated
  • Designed for professional traders

Binarys Rating:

5 stars

Account opening

Setting up a live trading account with IG broker is extremely easy. Their professional team has done a superb job in designing the signup form for the retail traders. In order to access to live features of all trading instrument, the retail trader needs to fill up a simple form with their personal details. Once the signup form is filled up, traders are required to verify their trading account by using valid photo id and utility bill. Though you can make a deposit before verifying your account but it’s highly recommended that you get your account verified before you deposit. The verification process usually gets completed within 24 hours but if the requirement is not filled then you need to re-upload your documents and resubmit your trading profile for the verification process.

 

Deposit and withdrawal

IG group has been very flexible with the deposit and withdrawal section from the very beginning .They have a number of ways to make account deposit. Profit can easily be withdrawn by a trader by following simple withdrawal process. The withdrawal process generally takes 2-3 business days. The most popular deposit option offered by them are:

  • Credit Cards
  • MoneyGram
  • Neteller
  • PayPal
  • WebMoney
  • Wire Transfer

Account Types

Trading account type is very important in successful forex trading. As a full-time professional trader, you need to make sure that the broker you are working with provides enough support and perfect trading account for you. IG market is lagging behind in this sectors to a great extent compared to other relevant brokers. The first account type is trader account. This is the most advanced and versatile trading account offered by the IG. Professional traders use this trading account since all sort of trading tools and account control parameters are solely in the hand of traders. To be precise they can create modify and amend their trading environment according to their needs. The second account is the limited risk account. These accounts are for the retail traders who are comparatively new in this industry. The IG take care many of the trading parameters and offers a default trading environment to the traders to execute orders in the market.

Customer Service

Customer support is considered to be prime judging scale of the financial company performance and service. The IG market has done an extraordinary job in creating a versatile customer service representative. All the queries made by the clients are taken into a log by the customer service representatives. They are well educated and knows every bit of details about the broker and their offered service. They are available 24/5 days a week through telephone. If you have any problem and you are not comfortable with telephone conversation then you are most welcome to mail the support team of the IG. Usually, the support team takes up to 2 business days to answer your queries and solve your ongoing problem.

Summary

By this time you are well familiarized with the IG. You now know the key strength of the IG and their offered service to the point. We have highlighted the key parameters for you and now its choice whether you go for the IG or not. Considering all the parameters the IG is definitely not for the rookie trader. If you are a professional trader then you might feel comfortable with the IG.

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