Super forex broker

In superforex case it has also been confirmed by some number of negative responds and reviews from their clients, while the traders faced issues with the money withdrawal or some inconvenient processes during the trading sessions or position openings.

Top forex bonuses

The services of the company offered to the retail and institutional traders, while there is no strictest application to the rules of business conduct, comparing to the reputable forex authorities alike FCA (UK) and ASIC (australia). There are currently many brokers who establish their office in belize since the company gains access to a worldwide client while stating their official regulation. But once again, in fact, IFSC is a rather self-regulatory authority that did not implement sharp follow of standards.

Superforex review

Superforex

Reason to avoid: offshore license

Listed date: september 20, 2018

Top 3 forex brokers

FXTM review

GO markets review

FP markets review

Beware superforex is a non-regulated broker. It is NOT SAFE to trade.

About superforex

��️ registered in	belize
��️ type of license	offshore license
��️ is superforex safe to trade	no
��️ recommended licenses	FCA in UK �� & ASIC in australia ��
�� alternative broker	FP markets - licensed by ASIC in australia

Is superforex a scam or legit broker?

No, it is not safe to trade with superforex. Superforex is owned by superforex ltd. Which is an offshore company registered in belize.

Superforex is incorporated and licensed by an IFSC forex broker with its registered office in belize. Yet, belize is a known offshore zone that delivers slight and operational requirement conditions to the financial service providers. Therefore, it became an offshore zone for shady forex brokers such as trading epic, bluemax capital and more. We have a detailed article explaining the risk of trading with brokers from belize.

As claimed on the official website superforex grants access to all the major trading platforms in the world, while users may benefit from a brief forex training course by opening a free demo account and learn the basic steps along with the quite competitive trading conditions.

Generally, we do not advise to open an account and engage in trading with the offshore brokers, since it may incur significant risks even if the offering sounds very attractive. As the company not overseen regularly by the licensor or the forex industry professional authority, there are many questions in regards to how the company manages traders and overall operation.

We advise all investors and traders to avoid superforex and other brokers from belize. Traders should trade with well-regulated brokers such as UK brokers or brokers in australia and reliable brokers such as city index and XM.Com.

At first they make it look like a good oppertunity to go for the bonus deals. But when you’ve excepted the bonus deals you are limited to some very bad and shady rules: 1: stoploss can’t be placed thight to the positions. 2: orders sometimes can’t be executed when the market doesn’t move, this makes your position stuck. 3: when accepting the bonus deals you can’t withdraw your profit. You can only withdraw twice the amount you have deposited. AND if you have deposited lets say 100 dollars you can only withdraw 100 dollars of profit whenever you traded 100 lots aswell. Because of this rule it is practically impossible to withdraw profits. 4: take profits cant be placed close to the current price 5: they keep falling back to their saying: “it’s in the agreement you agree with when accepting the bonus”. But this list with conditions is pretty big and a lot to read when you want to create the account. Tiny letters politics I call this…. 6: spreads are awfull, you are not able to make quick trades. I might had more bad things to say about superforex, but I can’t remember them right now. Ill update them below if I rememberd some. #######!I JUST WANT TO WARN YOU!####### the spreads are awfull, you cant withdraw profits like it should, stoplosses and take profits are worthless because of the minimum distance with the current price and the orders cant be executed for like 3-5minutes. I hope everyone will listen to this awfull experiance with superforex. Don’t make the same mistakes I made.

Super forex broker

Самый универсальный счет, который подходит для трейдеров всех уровней.

Swap free счет

Счет без свопов (исламский) аналогичен нашему стандартному счету, но не имеет свопов.

No spread счет

Со сделок, которые вы открываете, не взимаются комиссионные сборы, а полная стоимость транзакции сразу видна.

Micro cent счет

Счет для небольших депозитов, где вам не нужно беспокоиться о больших потерях капитала.

Profi STP счет

Этот счет для профессиональных трейдеров, которые торгуют большими объемами и стремятся получать большую прибыль.

Crypto счет

Этот тип счета предназначен для трейдеров, которые не боятся перемен и двигаются в ногу со временем.

Стандартный ECN счет

Этот счет позволит вам торговать напрямую на рынке форекс со стандартными условиями и по лучшей цене без реквот

ECN standard mini account

You can enjoy all the benefits of a standard account, only with a smaller lot size for more lean trading.

Специальные предложения

Страхование депозита

Вы когда-нибудь беспокоились о том, может ли сделка обернуться против вас и стоить вам вашего депозита? Такого не случится! Superforex разработал инновационную программу страхования вкладов, которая позволяет вам сохранить депозит, даже если что-то пойдет не так.

Forex copy

Сервис forex copy - это уникальное предложение, которое позволяет вам просматривать базу успешных трейдеров и копировать их сделки, чтобы зарабатывать на этом. Forex copy -это настоящий путь к успеху, он сможет сэкономить вам огромное количество часов, которое вы потратите на изучение рынка.

Конкурсы

Приглашаем вас принять участие в захватывающих конкурсах на демо и реальных счетах! Мы проводим как регулярные, так и разовые соревнования для трейдеров. Все демо контесты абсолютно бесплатны, но за небольшую плату вы можете попробовать свои силы в реальных конкурсах с отличными призами.

Bonus program

We offer 6 bonuses for our clients. You can use all our bonuses for more profitable trading. We also have a no deposit bonus for beginners. All earned income from bonus trading is available for withdrawal.

Дистанционное обучение

Чтобы помочь вам лучше познакомиться с торговлей на форекс, superforex подготовил для вас специальный курс дистанционного обучения. По окончании этих лекций вы сможете изучить основы торговли на форекс и стать более опытным трейдером.

Мобильный кабинет

Ваш опыт торговли с superforex теперь может быть более мобильным, чем когда-либо, благодаря нашему мобильному кабинету. С помощью этого приложения вы можете следить за своими сделками и управлять своим счетом со своего мобильного устройства.

SF bank

При использовании свободного капитала для работы и получения прибыли существует множество вариантов, куда можно вложить деньги - одним из них является SF bank. Вы можете инвестировать в различные торговые инструменты (валюты, CFD, металлы и криптовалюты) и получать прибыль.

The forex decimus | super accurate forex system

Trade with HONOR, WIN with HONOR!

“A new PROFIT MAKER is in!”

Features of the forex decimus trading system

A cynthia of day trade forex approved product!! A true forex veteran and inspiration since 2002.

My name is charles ehrenberg and I am a forex trader and educator. I’ve been spending some time in recent years describing different forex trading methods. Specifically, we’ve been looking at different methods to display raw price data.

Before I show you the forex decimus system, I want to teach you the basics on what it’s about. We will be talking forex decimus bars. Exclusively to scalping, or dividing little chunks of price movement in a wider trend. As a scalper, I try to make sure that scalping settings are not mixed up with long term settings. In short, I’m interested in momentum and, more specifically, price action. Forex decimus charts are unique because they deal with price.

Forex decimus has built in formulas that have been used centuries ago. The forex decimus system looks like stacked candlesticks when they’re forming in a trend. Our team has been using them for several years to trade currencies, stocks, futures, equities, binary options, and more with terrific success.

Let’s take a good look at some of the unique characteristics of the forex decimus system. Each signals is projected on the chart after a series of confirmations. Here are a few key features:

Full detailed signal panel right on your chart that displays your balance, broker spread, trend, and signal.

No lag, all signals will remain on the chart

Multiple confirmations for a more accurate signal

By using the forex decimus forex system, market noise (which may be referred to as a period of consolidation) is filtered out because consolidating markets exhibit hardly any directionality in price.

When a trend has been detected, the forex decimus alert will find the best entry and issue you a signal!

“would you like to begin earning 300% every week?” yet you find this sort of hype on many websites nowadays. Astronomical returns, but 25 years of wall street trading experience has helped churn out solid forex traders for 5 years. Get the forex decimus TODAY. Real trading doesn’t lie!

The forex decimus will calculate the tics for you and identify the best entry using advanced noise detection. We have included templates so that you don’t have to experiment to find out which settings work best. We’ve taken the liberty to do that for you.

This is the main look of the forex decimus. When you load the template provided to you, this is exactly what you’ll see. All sleek colors, sizes, candlesticks etc will be identical.

A PREMIUM level on-chart signals panel is included with the forex decimus. All important info is mentioned. The balance of your account, the spread of your broker, the trend of the particular currency pair, and of course the main signal.

Along with on-chart signals, there are audio alert signals in MT4 that show the time frame, currency pair, and the direction of the signal. There will also be an arrow indicating the signal.

The forex decimus has 2 indications of confirmation. From oscillation and arrow. When both show at the same time, it confirms the signal. It is important to note that these do not repaint, so you don’t need to worry!

NO REPAINTING! WHEN A SIGNAL SHOWS ON THE CHART, IT STAYS!

E-MAIL/SMS MOBILE ALERTS INCLUDED!

SEE THE SHOCKING PERFORMANCE

See how much profit the forex decimus makes. This is ALL REAL! You can trade any volume/lot size of your choice. It would be wise to use an appropriate lot size based on your balance. You can contact us and we can make a suggestion for you.

Yes, absolutely! The beauty of this system is that it does all the complicate work for you by analyzing the charts, doing the calculations etc. All you need to is is enter when you see a buy or sell alert.

Yes. There is an option for mobile SMS and E-mail. You can configure it anytime from within the settings.

The forex decimus system will work on ALL currency pairs and their crosses. It even works excellent on stocks, metals, commodities, equities and more.

Yes, it works great on binary options as well.

The average trader makes anywhere from 50 to over 100 pips daily!

Yes you can. You can use the forex decimus as a confirmation tool or you can use your indicators/strategy as confirmation.

Yes, you can use any broker of your choice.

We use XM.Com and they have been great. We recommend them but honestly there are many other good brokers. Check the reviews on which broker you decide to go with.

Yes, certainly. We can remote to your PC and install it together. Or we can walk you through the process. It takes seconds to load. ��

The uses of this amazing system are almost limitless!

Its time for you to stop being duped into trading products that don’t work! I have told my students that it is better to stay out of trading than to be overly gullible. You want to make profits in trading?

The forex decimus is your system and you need it NOW.

See what others are saying!

100% automatic forex signals

Super forex copy

Is an expert advisor who will automatically open and close your trades directly on your MT4 or MT5 platform.

Over 90% transaction accuracy

Super forex copy has been developed for over 15 years by our professional developers and traders to achieve this high precision of open trades.

Low drawdown

Precision is a leading factor in the development and use of super forex copy. In addition to high precision and high profitability, the lowest possible drawdown is achieved so that it meets the requirements of every demanding customer.

Settings

An opportunity for additional settings on your part for your convenience, fixed volume transactions will be opened. You can change your lot size at any time.

Monitoring

To keep your super forex copy running, you need to hire a VPS (virtual private server. Remote PC you can access from your PC. All you need to do is install your MT4 / 5 and your super forex copy on your VPS.

You can then log in to your MT account from your mobile phone whenever you want and enjoy the perfect operation of your super forex copy!

Why choose us?

We know out there are many competitors proving the same services. The difference between us and them is that we care about your success. We take seriously our role of mentors and guides. We do not ask you to believe us blindly just because someone told you we are awesome. That is why we have setup free memberships and groups where you can test everything we say and decide for yourself.

Super forex bot review (EA collection)

Super forex bot is a automated trading development team offering multiple expert advisors in a collection. They build their systems to trade 24 hours a day in all market conditions, taking advantage of money management, close profit execution and buy/sell analysis. Today we will be reviewing these bots, and letting you know if they are viable investment opportunities.

The development team is located in jakarta, indonesia. They do not provide any information about who they are, or the type of trading experience they have in the forex markets. All we know is that they launched their development project in 2018 and that they’ve been trying to help traders earn consistent profits since. We would like to see more information about the developers, as we don’t want to be purchasing systems from traders with little experience.

In order to get in touch with support, traders can email superforexbot@gmail.Com, or contact https://t.Me/superforexbot via telegram.

Super forex bot review

The super forex bot website is a bit unprofessional in its aesthetic. Their is a lot of poorly managed content, and even a youtube embed at the top of the front of their website that isn’t showing the video properly. They also rely on videos heavily, which is fine, except none of the videos have any voice over, and they’re generally just quick backtest visualizations.

The website includes a products page, an empty blog, FAQ, about us page, and contact area.

Overall, the vendor needs to do a fair amount before any of their products will be considered for best forex robot status. That doesn’t mean they don’t have a good foundation, but they just aren’t polished enough to be considered at the top of the field.

Strategy

There are many different strategies provided by the super forex bot team, as they currently offer 7 different expert advisors. Here are all of the systems listed by name:

Asia scalper pro ($70)

EA swing profit ($70)

Flying scalper ($100)

Maximum scalper ($60)

Profit FX ($70)

Smart system V3 ($150)

Supergrid EA ($70)

Each product comes with a short description with a few bullet points explaining the different features of the strategy. None of the information is very detailed but it gives a generic outline of what you can expect. We generally prefer more information than what is provided, and this is consistent in our recent reviews of FX rapid EA, big bang EA and fxmath X-trader EA.

Robot analysis

Type: forex robot

Price: $60-$150

Strategy: multiple

Timeframe: undisclosed

Pairs: multiple

For traders interested in any of the super forex bot systems, they range in price from $60-$150. The vendor doesn’t really tell us what we get when we purchase the software, and doesn’t make any reference of a money back guarantee either. We would definitely like to see more information on both of these subjects before we consider signing up.

Trading results

There are no verified trading results for any of the super forex bot expert advisors. The only result provided, is the visual backtest shown via a youtube embed on each of the product pages.

This type of result may have been acceptable 5-10 years ago, but the forex market has changed drastically since then. Considering this vendor has only been in the market for two years, it really doesn’t make any sense why they don’t have any verified trading results.

All of their competitors are using statement sharing service providers like myfxbook to prove their viability. Vendors that don’t provide verified trading results can’t prove that their systems are worth purchasing. We see no reason why anyone would purchase a product that a vendor hasn’t proved works. It isn’t up to the client to figure out how a robot works.

Conclusion

Our findings show that the super forex bot group still have a long way to go before their product line can be considered viable. With little strategy insight, and no verified trading results, they are years behind their competition. This is easy to resolve at least, as all they need to do is start uploading their accounts to myfxbook. If they fail to do so, they simply won’t be able to compete.

If you have anything you would like to add to our review, please leave your questions and remarks below the article now.

Super forex broker

Based on the backtest results above, if you are trading on EURUSD, AUDUSD, EURJPY, and EURGBP in a $500 portfolio, you could possibly end up with a $5177 account by the end of 12 months for a 1000% capital gain. Again, this are all based on backtest. We have not formally tested this on live trading yet.

Bonus #2: the short cut to profitable trading
special $7 trial offer for diversify101

With just this one month trial for diversify101, you get the

Opportunity to have us trade for you.

Diversify101 track record is steady and consistent.

Take a look below at our verified myfxbook track record.

If things goes well, this one month could pay for the price of super forex launcher easy!

This is what you will be copying for one month for just $7.

This $7 trial is only available when you get a copy of super forex launcher.

Earnings disclaimer: results shown are not typical. To achieve these results require discipline, practice, and dedication. Depending on the individual trader, it may take weeks and months of practice to achieve these results. This is not a get-rich-quick scheme. Forex is a legit financial vehicle. With proper system and strategy, you can build your portfolio. Please do not believe that you can become a millionaire next day. It's not going to happen.

U.S. Government required disclaimer - commodity futures trading commission futures and options trading has large potential rewards, but also large potential risks. You must be aware of the risks and be willing to accept them in order to invest in the futures and options markets. Don't trade with money you can't afford to lose. This is neither a solicitation nor an offer to buy/sell futures or options. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this web site. The past performance of any trading system or methodology is not necessarily indicative of future results.

CFTC RULE 4.41 - HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN.

Super forex launcher

Introduction
welcome to the super forex launcher strategy. You have made a very wise decision and about to unveil a powerful and consistent trading system.

In the next chapters you will learn how to trade the super forex launcher system and how to use it to generate money in the forex and other markets. First, several issues needs to be addressed:

Money management
do not risk more than 1-2% of your equity on any single trade. This is a standard trading principle that should be implemented in any trading system you trade, and its purpose is to limit drawdown as much as possible and make sure you don’t go into too much risk and limit your drawdown.

The insight indicator automatically tells you the optimal trade size in any time. Please do not deviate from this values, at least until you have reach a certain level of experience.

The system
in the next chapters you will learn the system we use to generate trading signals consistently and profitably. Do not deviate from this system under any circumstances – this can lead to losses! Stick to the system and you will win in the long-term.

About the indicators
the super forex launcher is a package of 3 indicators designed to generate leading and consistent trading signals. We will now go through each and every indicator.

Launcher TRX
the launcher TRX indicator is a trading bands based on volatility and volume. It gives you precise support and resistance areas at which price is likely to reverse. On the upper band we will take short trades and at the lower band we will take long trades.

Launcher insight
the launcher insight indicator is an indicator designed to give you valuable information about the markets – information that is usually hidden from the ordinary trader. The insight indicator tells you if price is in range or trend, announce any sudden buying or selling pressure, and most importantly: analyzes the volume to give you early signals of trend reversal. The insight indicator also shows you the trade size at any point, so you don’t need to calculate your risk manually.

Launcher directional
the launcher directional indicator is a multifunctional trend indicator that is designed to:
a. Give you direction of the general trend in a clear way.
B. Draw exact support and resistance levels on the screen, to achieve a higher win rate for our trades and a greater profitability.

Super forex broker

Bonus #2: the short cut to profitable trading
special $7 trial offer for diversify101

With just this one month trial for diversify101, you get the

Opportunity to have us trade for you.

Diversify101 track record is steady and consistent.

Take a look below at our verified myfxbook track record.

If things goes well, this one month could pay for the price of super forex launcher easy!

This is what you will be copying for one month for just $7.

This $7 trial is only available when you get a copy of super forex launcher.

Best forex brokers

Luke jacobi

Contributor, benzinga

Want to jump straight to the answer? The best forex broker for most people is definitely FOREX.Com

Forex trading is arguably one of the easiest financial markets to begin trading in. To get started, you just need to open and fund an account with a regulated online broker. Choosing the best forex broker to trade forex through does require some initial research to find the one most suitable for your trading needs and experience level.

Best forex brokers right now:

Best overall forex broker: FOREX.Com

Best for beginner traders: etoro

Best for non-US traders: HYCM

Best for commodities: avatrade

Best for intermediate traders: pepperstone

Best for advanced forex traders: interactive brokers

Best for mobile traders: plus500

Best forex platform: IG markets

Table of contents [ hide ]

The best forex brokers

Benzinga’s picks for the best forex brokers in 6 key categories appear below along with details about each broker and a screenshot of their trading platforms.

Account minimum

Pairs offered

Minimum trade size

Spread

Commisions

1. Best overall forex broker: FOREX.Com

FOREX.Com is a subsidiary of GAIN capital holdings (NYSE: GCAP) and ranks as the best overall forex broker.

You will only need $50 to open up an account to start trading up to 80 currency pairs on FOREX.Com’s advanced trading platforms, which include metatrader for non-U.S. Residents.

This broker accepts U.S. Clients and is regulated in the U.S. By the commodities futures trading commission (CFTC) and the national futures association (NFA). FOREX.Com also has oversight from regulators in 6 major world jurisdictions through its subsidiaries.

You can check out benzinga’s FOREX.Com review for more information about this excellent broker.

Account minimum

Pairs offered

Minimum trade size

Spread

Commisions

2. Best for beginner traders: etoro

Etoro specializes in social trading, which is ideal for beginners since you can follow the trades of expert traders with a proven track record. In addition to its world-class social trading network, etoro has excellent educational resources for forex beginners. Etoro’s intuitive multi-asset trading and social trading platforms and apps can be used by anyone immediately. Unfortunately, etoro does not support the metatrader 4 and 5 (MT4 and MT5) trading platforms.

The broker lets you trade over 2,000 different assets and has a minimum deposit of $50. Etoro currently accepts clients from most U.S. States where it is registered with the U.S. Financial crimes enforcement network (fincen) as a money services business, instead of with the NFA and CFTC as an online broker. The company is also regulated in australia, the U.K. And cyprus in the EU.

Etoro trading platform. Source: etoro.

Account minimum

Pairs offered

Minimum trade size

Spread

Commisions

3. Best for non-US traders: HYCM

Highly regulated HYCM offers stocks, forex, indices, cryptocurrencies, commodities and etfs. The company also offers excellent trading conditions and great liquidity.

HYCM uses metatrader 4 to trade the markets and adds in technical analysis, flexible trading systems and expert advisors (eas).

You’ll also encounter low spreads and low-cost trading, which includes 3 spread levels: fixed spreads, variable spreads and raw spreads:

You can access up to 500:1 leverage through HYCM, depending on where you live and which currency pair you’re trading.

Account minimums with HYCM may vary depending on your base currency and the type of account you open. You should have at least $100 to $200 ready to go before you open an account.

You can customize your account levels with varying fee structures to fit your risk tolerance and trade frequency.

HYCM even offers swap-free accounts that do not accrue interest for each of its fee types to allow islamic investors to trade freely without worrying about being in conflict with religious laws.

You’ll also find a range of education and research tools for endless education opportunities through HYCM.

Account minimum

Pairs offered

Minimum trade size

Spread

Commisions

4. Best for commodities: avatrade

Avatrade, one of the most secure brokers in the industry, carries 7 regulations across 6 continents (europe, australia, japan, british virgin islands, UAE and south africa). You’ll be pleasantly surprised by its asset availability, leading platforms and generous trading conditions (you can leverage your positions up to 400:1).

Avatrade offers an exceptionally user-oriented perspective, including a 24-hour multilingual support desk for a broad range of instruments, platforms and services for every level of trader. Instruments include:

Forex

Stocks

Commodities

Cryptocurrencies

Indices

You’ll find a range of automated trading platforms, including desktop, tablet, mobile and web-based trading with metatrader 4, metatrader 5, its proprietary webtrader, avaoptions and the award-winning avatradego. Client funds are held in segregated accounts for increased security and fast profits withdrawal.

Avatrade’s innovative technology and cutting-edge trading features also include 1-on-1 training sessions with a dedicated account manager.

Commissions

Account minimum

5. Best for intermediate traders: pepperstone

U.K.-based pepperstone gets our vote for best broker for intermediate traders. It has regulatory oversight in the U.K. And australia, although it does not currently accept U.S. Clients. The broker lets you trade in 61 major, minor and exotic currency pairs and requires a minimum deposit of $200. Pepperstone provides support for the metatrader 4 and 5 and ctrader platforms.

In addition to forex, pepperstone offers trading in cryptocurrencies, energy, metals, commodities and stock index contracts for difference (cfds). Customer balances are maintained in segregated accounts for safety in the australian national bank and barclays U.K.

Pricing

Account minimum

6. Best for advanced forex traders: interactive brokers

Interactive brokers offers some of the lowest costs in the business, including a $0 commission on U.S.-listed stocks and exchange-traded funds (etfs). Because of interactive’s world-class brokerage services in 33 countries that cover 134 markets worldwide, the company has oversight from most of the world’s largest financial regulators, including the U.S. SEC, CFTC and NFA. Interactive also submits to regulatory oversight in the U.K., australia and canada, and it has agencies in japan, hong kong, india and luxembourg.

Interactive brokers offers trading in 23 different currencies and their pairs, and the broker requires a $10,000 minimum margin deposit that is applied to commissions for the first 8 months, followed by a $2,000 minimum starting on the 9th month.

Minimum commissions apply, as well as maintenance fees and charges for inactivity, so interactive brokers would be best for advanced, active and well-funded professional traders. Interactive’s proprietary trading platforms, including its client portal, desktop trader workstation (TWS) and mobile application have been rated as some of the best in the business.

7. Best for mobile traders: plus500

U.K.- based plus500 has oversight from the FCA and is a leading provider of CFD trading on over 1,000 tradable assets including forex currency pairs, stock shares, cryptocurrencies, etfs, options and indices. The company keeps your money in segregated accounts but does not offer services to U.S.-based clients.

Plus500 offers trading in 70 currency pairs featuring competitive spreads on its forex cfds and leverage of up to 300:1. The intuitive interface featured on both the plus500 desktop and mobile trading platforms can be accessed immediately by novices and professionals, which makes plus500 our pick for mobile traders.

Commissions

Account minimum

8. Best forex platform: IG markets

IG markets gives clients access to trade cfds in more than 17,000 different markets including forex, shares, indices, commodities, bonds, etfs, options and short-term interest rate cfds. You can trade up to 80 different currency pairs through IG and the broker requires a $250 minimum deposit.

IG accepts U.S.-based clients due to oversight from the CFTC and NFA. IG holds your money in segregated accounts under trustee arrangements for added security. In addition to its proprietary trading platform, IG offers support for 3rd-party forex platforms such as metatrader 4 and prorealtime. It also allows application programming interface (API) trading.

Forex market explained

In the forex market, traders agree to exchange 1 currency for another to make a transaction in that currency pair at a particular level known as the exchange rate. Like stock prices, this exchange rate fluctuates based on supply and demand factors, as well as on the forex market’s overall expectations of future events.

Forex traders can make money on a currency transaction in 2 ways. First, if they buy or go long a currency and it goes up in value versus the sold currency, then they earn a profit. Second, if they sell or go short a currency and it goes down versus the bought currency, then they also profit.

Many currency pairs quoted in the forex market show substantial volatility or fluctuations, which can result in gains or losses for traders. The daily candlestick chart below shows changes in the exchange rate of the EUR/USD currency pair, which is the european union’s euro quoted in terms of the U.S. Dollar from november 2018 until april 2020.

EUR/USD daily candlestick chart. Source: metaquotes.

Risk and reward in forex trading

Rewards are generated in forex trading when you take a long or short position in a currency pair that subsequently appreciates in value. The risk in doing a forex transaction is when the market doesn’t perform as expected once you have done a forex trade.

Many brokers allow traders to magnify the gains or losses they take on a position via the use of leverage. Leverage is typically expressed as the ratio of the size of a position you can control by placing one unit of base currency on deposit as margin. Hence, a 500:1 leverage ratio would mean that you can control a $500 position with a $1 margin deposit.

Furthermore, most successful traders have a minimum risk/reward ratio for a trade before they will consider taking it, such as 1:2 or 1:3. For example, if you think the chances of a trade making 20 pips is around the same as the chances of it losing 10 pips, then your risk/reward ratio of that trade is 1:2. If that meets your risk/reward ratio criteria, then you might consider that trade worthy of executing.

Choose your broker wisely

Since your forex broker will be your primary trading partner, you want to choose one carefully to make sure they are reputable and will fit your requirements as a trader. Open a demo account with an online broker you’re thinking of using to see whether it is a good fit. Demo account trading can also help prevent potentially costly errors that might arise from you being unfamiliar with the broker’s trading platform.

Methodology

These top brokers were chosen for this review for various reasons depending on the specific category in which we felt they excelled. Baseline requirements included the strength of their regulatory environment, their generally good overall reputation with clients earned over an extended period and a substantial number of currency pairs available for trading.

So, let's see, what we have: is superforex a regulated forex broker or a scam? Read our full in-depth superforex review and comments by many forex traders before you open a forex account. At super forex broker