Reviews Archive - Forex https://www.topguruforex.com/review/ Best Forex Brokers Sat, 15 May 2021 09:48:56 +0000 en-US hourly 1 https://wordpress.org/?v=6.5.3 https://www.topguruforex.com/wp-content/uploads/2021/05/forex-1850198-1570405-55x55.png Reviews Archive - Forex https://www.topguruforex.com/review/ 32 32 OctaFX https://www.topguruforex.com/review/octafx/ https://www.topguruforex.com/review/octafx/#respond Tue, 11 May 2021 10:58:06 +0000 https://demos.pokatheme.com/forexoptions/?post_type=affiliates&p=414 OctaFX, a broker in operation since 2011 out of St. Vincent and the Grenadines, serves over 1,500,000 traders from more than 100 countries; they report that order execution exceeded 288,000,000. Regulation and Security OctaFX operates out of St. Vincent and the Grenadines, where registration of Octa Markets Incorporated exists with the Financial Services Authority (SVGFSA). […]

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]]> OctaFX, a broker in operation since 2011 out of St. Vincent and the Grenadines, serves over 1,500,000 traders from more than 100 countries; they report that order execution exceeded 288,000,000.

Pros / Cons
  • Easy account setup and low minimum opening balance
  • Access leverage up to 500:1 with negative balance protection
  • No registration fees or commissions
  • Some assets and currency pairs are not available to trade
  • Limited deposit options
  • Lost UK Financial Conduct Authority coverage in 2017

Regulation and Security

OctaFX operates out of St. Vincent and the Grenadines, where registration of Octa Markets Incorporated exists with the Financial Services Authority (SVGFSA).

OctaFX Pricing

With no commissions and no fixed fees, OctaFX derives its revenue from the spread on the various asset types it offers. Even with this ECN/STP broker model, the spreads on currencies and other assets are extremely competitive and are on par with many online trading platforms.

Trading Instruments

The CFD trading section is the centerpiece of the OctaFX offer. In this respect, the broker offers 1:50 maximum leverage, no commissions, no swaps and low spreads. Seems like a good recipe for bigger profits indeed.

Platforms

As already made clear above, OctaFX features three trading platform options: MT4, MT5, and cTrader.

Deposits/Withdrawals

Interestingly, in addition to credit cards such as VISA and MasterCard, and ewallets such as Neteller and Skrill, OctaFX accept bitcoin deposits too. No commissions are charged on any of these deposit methods.

Client Support

They have nice customer support that is available 24/7.

Conclusion

It is one of the best Forex trading brokers, with around 1.5 million users in 100 countries.

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]]> https://www.topguruforex.com/review/octafx/feed/ 0 Alpari https://www.topguruforex.com/review/alpari/ https://www.topguruforex.com/review/alpari/#comments Tue, 11 May 2021 10:57:35 +0000 https://demos.pokatheme.com/forexoptions/?post_type=affiliates&p=412 Alpari, founded in 1998, is a leading online Forex, Spot metal, stocks and CFD broker that offers traders a wide range of quality trading services. First started as a small provincial outfit, Alpari today has grown into one of the largest brands in the online trading industry. The broker owes its success to the dedication and devotion that it has shown to its one million clients plus that have signed up for it.

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]]> Alpari Group has been a global FX and CFD broker since 1998 and has over two million customers worldwide.

Alpari Forex Trading Platform Review

Alpari is operated and regulated out of the UK. It is one of the better known and most popular of the UK operators. They are regulated by the FSA.

Alpari software

Alpari has its own propriety software (Alpari Direct). This software is easy to use and well constructed. If you used to other trading systems there is no need to worry as Alpari are MT4, MT4 pro, MT5, and Systematic compatible as well.

Alpari Spread

Spreads vary according to the account that you set up. For beginning to intermediate traders, “micro” and “classic” accounts attract a spread from 1.6 pips through the MT4 platform and 3.1 through the Systematic platform.  If you are a more experienced investor, the pro account has zero (that’s right) zero pips for some selected cross currencies.

Alpari Leverage

Alpari offers one of the highest leverage amounts available at 1:500. Most of the U.S based platforms only allow 50/1 and most of the other European operators allow 1:200 or 1:400.

Alpari  Rollover

As far as we are aware, there is no rollover option for Alpari.

Alpari  Other features

Alpari allows for CFD and commodity trading as well.

Customer support

Like most brokers, Alpari offers 24-hour support from Monday to Friday. But, unusually, Alpari also offers customer support from 12:00 – 20:00 (all hours GMT+2/3) on weekends. This is very welcome and something we wish more brokers would do. Help is available via live chat, Telegram, phone, email, and the myAlpari hub.

Overview

Alpari is a large international broker with a long history in the industry.

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]]> https://www.topguruforex.com/review/alpari/feed/ 3 FP Markets https://www.topguruforex.com/review/fp-markets/ https://www.topguruforex.com/review/fp-markets/#respond Tue, 11 May 2021 10:56:12 +0000 https://demos.pokatheme.com/forexoptions/?post_type=affiliates&p=410 FP Markets is well regulated by 3 jurisdictions high, medium, and low trusted authority. It is an ASIC-regulated, Australian-based broker. They are providing service since 2005. Undoubtedly, FP Markets is a choosable broker for Australian traders. Is FP Markets a Scam or Legit? As a trader, it is vital that you know the legitimacy status […]

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]]> FP Markets is well regulated by 3 jurisdictions high, medium, and low trusted authority. It is an ASIC-regulated, Australian-based broker. They are providing service since 2005. Undoubtedly, FP Markets is a choosable broker for Australian traders.

Is FP Markets a Scam or Legit?

As a trader, it is vital that you know the legitimacy status of a platform before you trade with them. Knowing the status of a broker will help you decide whether you can trade with them safely or not. After reviewing their services, we can attest to the fact that FP Markets is a legit forex and CFDs brokerage company.

Awards

High-class performance, outstanding services, and uses of advanced tools have created a respectable position in the trading market. Overall, FP Markets has won 40 international awards till now.

The awards list includes the following awards,

Best FX Broker Australia 2020 – FX-Australia Forex Awards

Best Trade Execution – Investment Trends Report

Best Global Value Forex Broker for 2020 – The Global Forex Awards

Best Education Material Investment Trends Report

The Highest Overall Client Satisfaction Award – Investment Trends 2016 Australia

This Australia-based company is winning the heart of traders for sure.

Trading Platforms

The choice of the trading platform always has an impact on the trading experience. FP Markets provides you three powerful platforms like Meta-Trader 4, Meta-Trader 5, and IRESS. For money managers, MAM & PAMM accounts are also available.

Trading Instruments

FP Markets provides the following trading instruments,

• Forex

• Metals

• Indices

• Bitcoin

• Commodities

• Equity CFDs

Customer Support

FP Markets provides customer services 24/7. Along with this, live chat support is also available.

Conclusion

FP MARKETS is reliable Australian forex and CFD broker, offering transparent and competitive conditions for trading in a variety of assets, including cryptocurrencies such as Bitcoin.

Pros / Cons
  • 10,000+ tradable assets
  • Global Market Leader
  • Tight Spreads
  • Traders from certain jurisdictions are not accepted
  • Live chat feature is not available
  • Market Maker Broker

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]]> https://www.topguruforex.com/review/fp-markets/feed/ 0 EightCap https://www.topguruforex.com/review/408/ https://www.topguruforex.com/review/408/#respond Tue, 11 May 2021 10:55:27 +0000 https://demos.pokatheme.com/forexoptions/?post_type=affiliates&p=408 Eightcap was founded in 2009 and is based in Melbourne, Australia. The company is regulated by the Australian Securities and Investment Commission (ASIC) and the Vanuatu Financial Services Commission (VFSC). [upsdown] What can you trade with Eightcap? Eightcap offers over 58 different instruments to trade, including over 42 currency pairs. Eightcap Platforms & Tools The […]

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]]> Eightcap was founded in 2009 and is based in Melbourne, Australia. The company is regulated by the Australian Securities and Investment Commission (ASIC) and the Vanuatu Financial Services Commission (VFSC).

[upsdown]

What can you trade with Eightcap?

Eightcap offers over 58 different instruments to trade, including over 42 currency pairs.

Eightcap Platforms & Tools

The broker provides all their clients with the MetaTrader 4 (MT4) and MetaTrader 5 (MT5) trading platforms, which are the two most widely used trading platforms among online forex and CFD brokers and traders.

Eightcap Research & Education

Eightcap has a huge collection of training articles on their website prepared by the experienced team of analysts. They employ infographics to make the articles easy to read and understand.

Customer Service

The broker’s customer support team is available 24/5, and you can reach them via email, phone, and web chat. You can also reach them on Facebook, Twitter, LinkedIn, and YouTube.

Eightcap Review Summary

Eightcap is an Australian online broker that offers forex and CFD trading services through the MT4 and MT5 trading platforms. They provide a number of trading tools and articles.

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]]> https://www.topguruforex.com/review/408/feed/ 0 Xtb https://www.topguruforex.com/review/xtb/ https://www.topguruforex.com/review/xtb/#respond Tue, 11 May 2021 10:54:53 +0000 https://demos.pokatheme.com/forexoptions/?post_type=affiliates&p=406 Founded in 2002 as Poland’s first leveraged foreign exchange brokerage house, X-Trade morphed into X-Trade Brokers in 2004 to comply with new Polish regulations. It then rebranded to its current incarnation, XTB Online Trading (XTB), in 2009 and went public, listing on the Warsaw Stock Exchange in 2016 under the ticker symbol XTB. What Does […]

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]]> Founded in 2002 as Poland’s first leveraged foreign exchange brokerage house, X-Trade morphed into X-Trade Brokers in 2004 to comply with new Polish regulations. It then rebranded to its current incarnation, XTB Online Trading (XTB), in 2009 and went public, listing on the Warsaw Stock Exchange in 2016 under the ticker symbol XTB.

Pros / Cons
  • Lowest FX spreads
  • Regulated by FCA (U.K.)
  • Emphasis on customer service
  • Non-FX spread costs are high
  • No back-testing or automated trading capabilities

What Does XTB Offer?

XTB delivers a high-quality experience for the kind of traders who want to improve over the years. xStation is the main platform offering for XTB, and is available for tablets, smart phones, web browser, and even Android and iOS smart watches.

Trading fees

XTB’s costs are relatively low overall.

XTB offers two types of accounts with different fees: the Standard account and the Pro account.

XTB Trading Platform Software

XTB caters to just about every type of forex trader by offering support for the industry standard MetaTrader 4 dealing platform, as well as providing apps for mobile trading on the most popular mobile devices.

Beginner Trader Support with XTB

XTB’s Trading Academy offers new traders a vast array of features and tools geared towards helping novices trade successfully. The academy offers trading courses, video tutorials and articles on trading designed to enhance the trader’s skills at all levels.

Customer service

It offers its support service through different channels such as email, telephone and live online chat. In this way, the trader can be in continuous contact with XTB, 24 hours from Monday to Friday.

Is XTB Safe to Use?

As a regulated broker, the FCA’s rules and regulations have the company hold all client money in segregated accounts which are ring fenced apart from the company’s funds.

Conclusion

For those who are wishing to invest in Forex and cryptocurrencies, XTB is a platform that you can trust.

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