Category Archives: Forex

Easy Forex Review

Are you looking for a trading system that offers an all in one experience? Easy-Forex is a site that offers a variety of market options to its traders. This is a very popular company that is regulated in over three countries including Australia and the EU. This is a plus point for traders who’ve been scammed before, as this proves that this company is a valid one and can be trusted.

Platforms and Software

If you sign up with Easy-Forex you can choose between several platforms to trade with and everyone should find the best software solution for his or her particular needs.

Easy-Forex was the first broker that introduced “trading directly in the browser”. Traders can use the webtrader which is an online software solution that works in browsers like Internet Explorer, Firefox, Opera or Google Chrome. This is a very comfortable choice to start with because you don’t have to download and install a separate software on your computer. You have all basic functions in the right place and trading is very easy. Of course, if you need features like advanced charting this is not the right platform for you. It’s probably best on-the- go to check the markets from everywhere and to react properly.

Metatrader

If you need advanced features you can install Easy-Forex’s own software Tradedesk or the most popular trading software Metatrader 4 from MetaQuotes Software Corp.. Traders love the MT4 platform for many reasons:

  • the user experience is great
  • advanced and user friendly trading features
  • advanced charting capabilities
  • the Expert Advisors enable traders to automate their trades
  • relatively low on resources
  • secure platform that encrypts the data between trader and server
  • customization

Mobile Trading

If you want to trade on-the-go you can do so with a variety of mobile platforms from Easy-Forex. You can choose between iPhone and Android apps for your smartphone.

Customer Service

Easy-Forex’s customer service is amongst the best offering live chat support from the web-site 24/7. You can also contact customer support via email and what’s more is they operate on a 24 hour basis, meaning you can have your needs attended to at any given time of the day.

Customers Feedback

Deger
the company offeres and MT4 and you can trade via mobile which is handy. i opened account with $25 initially and it worked

Mohamed
No fees for deposits and withdrawals, and you can start instantly with a credit card deposit. Withdrawals usually take 2-4 days. My tip: Get a vip of gold account for better spreads.

Phil, CA
The web based platform is very easy to use. I have found the staff very knowledgeable and professional. There are no fees for withdrawals and money appears in my account in 2-3 days. But the spreads are high.

Different Types of Accounts Offered by Easy Forex

Setting up an account at Easy Forex is extremely easy. The registration process is simple and the site also offers the services of a personal trading manager to help customers. Easy Forex allows you to start trading with an initial deposit as small as $25. You can test the platform with their demo account. The spread offered to you will depend on the type of trading account you opt for. Different types of accounts include mini account, gold account, platinum account and special VIP account. The benefits go on increasing with each level. The spreads range from three pips for special accounts to ten pips for mini accounts.

The site also offers a number of options for convenient deposit/withdrawals. These include Pay Pal, bank wire transfers, credit cards and more. You need not worry about any commissions as the site earns through the spreads and does not charge any additional fee other than a renewal fee for extending day trading position over to the following day.

>> You can click here to open a account with Easy-Forex

Plus500 Review

The Company

Plus500 is owned by Plus500UK Ltd, a UK based company with its main offices located in London. The company is authorized and regulated by Financial Conduct Authority.

The company has been a rapidly growing CFD Service provider in Europe and Asia and currently offers its portfolio of over 1000 instruments to over a million clients. It is also one of the highest rated CFD trading apps on Apple’s AppStore and Google Play.

Plus500 was founded in 2008. It introduced the first Trading Platform which enabled traders to trade on movements in the price of shares, indices, commodities and forex without having to buy or sell the underlying instrument. The company was listed on London Stock Exchange in 2013.

The Trading Platform

If you review other forex brokers, you would realize that most of them offer multiple trading platforms. Plus500 differs in this regards, and only has one platform on which you can easily make a trade. For traders who only like to use specific platforms like the MetaTrader 4 platform, this can be a blow. Despite this fact, this broker has still received a very good review. The reason behind this is that their platform is extremely impressive and is definitely worth a try.

CFDs are the only products available on Plus500. Please note that by trading CFDs customers can lose all the funds deposited. Please be aware of the risks involved.

Available in three different forms, downloadable, web based and mobile, the Plus500 platform offers you convenience and portability. Though it is available in different versions, all of them are identical and bear the same features, and so it is easy for you to switch between them whenever the need arises.

The platform lets your review all vital information on a single screen. Tabs located on the topside of the screen easily let you gather any details you want without having to conduct extensive searches. The new traders will particularly find the platform very useful for their first time forex trading experience.

No Commission

Plus500 offers very tight spreads, for example a 2 pips spread for EUR/USD trading. You never pay commissions: the spread of the instrument that you are trading and the funding premium cover all the costs. You only pay the funding premium if you hold on to your position for longer than 1 day. It’s a specific percentage per day that varies from the instrument that you are trading.

So trading EUR / USD with a 10 000 euro position only “costs” the spread, which is 2 euro. This is a huge advantage! Other brokers or regular banks mostly ask a fixed commission and you would pay more than 20 euros for opening and closing such a position.

Bonus Offer

When you first sign up with Plus500, you will be entitled to one of the best introductory offers on the market.  The company currently provides all new clients with £20 free (no deposit required) plus an additional bonus worth up to £6000 (depending on how much you deposit).  For more information on the promotion and how to open an account, just click here.

Conclusion

Plus500 offers a no frills approach with a simple yet robust trading platform. Yet even the website has a slightly sparse look to it and the lack of telephone dealing means that for some traders, it may simply be too basic. It could be argued that what Plus500 lacks, it makes up for in its tighter spreads, but this is only occasionally true. All in all, Plus500 offers a lot to beginners but is a fairly standard entry into the world of forex trading.

ZuluTrade Review

ZuluTrade is a company founded by Leon Yohai in 2006 and provides a web based platform that bridges the gap between the knowledge of professional traders and the trade execution of other traders around the world.

Ever since its inception, ZuluTrade has helped a large number of traders to benefit from the knowledge and insights of the world’s leading forex traders. ZuluTrade essentially makes forex trading more social and collaborative in which the strengths of the few knowledgeable people can be leveraged to bring success to many others.

Trading Platform

The signal providers use either ZuluTrade’s trading station or their own MetaTrader 4 setup to carry out their trading activities. ZuluTrade then follows the trades created by the signal provider and duplicates it in the accounts of subscribers who have subscribed to that particular signal provider. The entire process is extremely quick and takes only a few milliseconds.

ZuluTrade’s platform also uses their proprietary algorithm, ZuluRank, to analyze the performance of various signal providers. It takes into account various factors like the frequency of trading, drawdown of trades, the overall profit/loss, the age of the signal provider, the open time of trades, etc. It is based on these factors that ZuluTrade ranks the signal provider making your job of selecting a good signal provider even easier.

Account Setup

Setting up an account is quite easy. ZuluTrade does provide a demo account. A live trade account is required with one of the supported brokers, and a form must be filled out and faxed to ZuluTrade which can take about 1 day to process. ZuluTrade recommends at least $1000 for a live trading account. Minilots and standard lots may be traded. Profit withdrawal is arranged as normal through the broker, not ZuluTrade.

How trustworthy is the Zulutrade Platform ?

There have been concerned of what if Zulu closes down the page, and what is going to happen with my investments? Well this website has been online for over 7 years and is a accredited by the NFA (National Futures Association) has its head office in New York and several branches in the UK, Japan and China.

Zulutrade offers opportunities to trade by yourself, as well as the copying of signals from other traders, in all sorts of investments are risks involved this is the nature of investment, however Zulu offers a great control over risk management.You are being notified about wrong steps you may do and your account is constantly being observed for best results.

Conclusion

It is actually fun to peruse the hundreds of signal providers to pick the right one. It is even more fun to wake up and check and see how many pips were made while sleeping! The risk, as with any investment, is that the performance of a great signal provider today may not be great tomorrow and nothing is guaranteed. But chances are, if a provider has shown 90% winning trades over several weeks and averages 400 pips per week, it is likely that performance will continue. It is recommended to only pick one or two providers maximum to autotrade, to minimize the risk of margin call on trade accounts. Demo this service now to see how revolutionary it is.

Definitely 5 Stars!

>> Click here to setup a Free Demo Account with ZuluTrade