Daily FX Broker

Tickmill review – 100% Trustable Broker

dailyfx — Fri, 22 Apr 2022 20:31:19 +0000

Overall summary

Feature	Tickmill
Overall	4 Stars
Trust Score	82
Offering of Investments	3.5 Stars
Commissions & Fees	5 Stars
Platforms & Tools	4 Stars
Research	4 Stars
Mobile Trading Apps	4 Stars
Education	4 Stars

Is Tickmill safe?

Tickmill is considered average-risk, with an overall Trust Score of 82 out of 99. Tickmill is not publicly traded and does not operate a bank. Tickmill is authorised by one tier-1 regulator (high trust), two tier-2 regulators (average trust), and zero tier-3 regulators (low trust). Tickmill is authorised by the following tier-1 regulator: Financial Conduct Authority (FCA).

Regulations Comparison

Feature	Tickmill
Year Founded	2014
Publicly Traded (Listed)	No
Bank	No
Tier-1 Licenses	1
Tier-2 Licenses	2
Tier-3 Licenses	0
Trust Score	82

Offering of investments

Tickmill offers a total of 85 tradeable symbols encompassing CFDs on currency pairs, indices, metals, bonds, and cryptocurrencies. There are also at least 62 symbols available for futures and options trading which are all accessible through a separate dedicated account. The following table summarizes the different investment products available to Tickmill clients. Cryptocurrency: Cryptocurrency trading at Tickmill is available through CFDs, but not available through trading the underlying asset (e.g. buying Bitcoin). Note: Crypto CFDs are not available to retail traders from any broker’s U.K. entity, nor to U.K. residents.

Tickmill offering of investments:

Feature	Tickmill
Forex Trading	Yes
CFD Trading	Yes
Tradeable Symbols (Total)	87
Forex Pairs (Total)	62
US Stock Trading (Non CFD)	No
Int’l Stock Trading (Non CFD)	No
Social Trading / Copy-Trading	Yes
Cryptocurrency (Physical)	No
Cryptocurrency (CFD)	Yes
Crypto Disclaimer (UK)	Note: Crypto CFDs are not available to retail traders from any broker’s U.K. entity, nor to U.K. residents (except to Professional clients).

Commissions and fees

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 71% of retail investor accounts lose money when trading CFDs.You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Tickmill offers three accounts: Classic, Pro, and VIP. Bottom line: Tickmill is best for active and VIP traders, who have access to pricing that competes among the lowest-cost brokers in the industry.

Classic accounts: The Classic account is entirely commission-free – traders only pay the bid/ask spread. However, average spreads for the Classic account are much higher than Tickmill’s other two account types.

Spreads: Tickmill lists 0.07 pips as a typical spread for the EUR/USD on its Pro account for September 2021. It’s worth noting, however, that the all-in cost actually comes to 0.47 pips when factoring in the RT commission equivalent of 0.4 pips ($2 per side). It is also worth noting that Tickmill records typical spread data during normal market conditions (when spreads are narrower).

Pro account: The Pro and VIP accounts both have a per-trade commission, which is then added to lower prevailing spreads. With its low commission rate, low-cost spreads, and offering of 75 instruments and 62 currency pairs, the Pro account will be ideal for most traders.

VIP versus Pro accounts: Traders that choose Tickmill’s VIP account will need to maintain a minimum balance of $50,000, but will gain access to its low commission of $1 per standard lot (100,000 units) or $2 per Round-Turn (RT) – and effective spreads drop to 0.27 pips after commissions. The Pro account is available with just a $100 deposit, but commissions are twice as high at $4 per round-turn standard lot.

Active trader discounts: Tickmill offers three tiers for active traders, with rebates starting at $0.25 per standard lot (for up to 1,000 standard lots per month), and can go as high as $0.75 at tier-3 for those who trade more than 3,001 standard lots monthly.

Tickmill pricing summary:

Feature	Tickmill
Minimum Deposit	$100.00
Average Spread EUR/USD – Standard	0.27 (September 2021)
All-in Cost EUR/USD – Active	0.47 (September 2021)
Active Trader or VIP Discounts	Yes
Execution: Agency Broker	Yes
Execution: Market Maker	Yes

Mobile trading apps

As Tickmill is a MetaTrader-only broker, iOS and Android versions of the MT4 and MT5 app (the latter in the U.K. only) come standard and are both available for download from the Apple App Store and Android Play store. It’s worth noting that Tickmill has launched a proprietary mobile app strictly for account management purposes (no trading).

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Tickmill mobile trading:

Feature	Tickmill
Android App	Yes
Apple iOS App	Yes
Alerts – Basic Fields	Yes
Watch List	Yes
Watch List Syncing	No
Charting – Indicators / Studies	30
Charting – Draw Trendlines	Yes
Charting – Trendlines Moveable	No
Charting – Multiple Time Frames	Yes
Charting – Drawings Autosave	Yes
Forex Calendar	Yes

Other trading platforms

Tickmill continues to cement its status as a multiasset broker, with the launch of MT5 from its U.K. and EU entity and the addition of TradingView. Tickmill has also taken the step of including the CQG platform for futures and options trading (U.K.-only). Tickmill has made real strides in its expansion of platform offerings, putting it in competition with the brokers that lead the industry – despite its lack of a proprietary platform.

Platforms overview: Tickmill is a MetaTrader-only broker that offers the standard out-of-the-box experience for MT4 and MT5. The CQG platform is available for futures and options (for U.K. traders), while TradingView – a popular web platform known for its powerful charting – can be connected to your Tickmill account (although I was not able to do this during our testing).

Trading tools: Other notable add-ons are available from FX Blue as part of the Advanced Trading toolkit package, and Tickmill has also included Autochartist integration. VPS hosting – a useful tool for algorithmic traders – is also available at Tickmill.

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Market research

Tickmill is competitive in its offering of market research and continues to improve in this category each year. That said, Tickmill still can’t compete with industry leaders like IG and Saxo Bank when it comes to depth, personalization, and overall quality.

Research overview: Tickmill produces daily articles on its Expert Blog that cover technical and fundamental analysis, along with video updates published on its YouTube channel. Tickmill’s third-party research tools really shine; the Autochartist plugin allows for automated technical analysis, forex news headlines stream from Investing.com, and Myfxbook powers the broker’s economic calendar. Tickmill also delivers content across social media, such as its dedicated FaceBook group and its Telegram channel.

Market news and analysis: Tickmill does a fine job pairing solid market coverage with a good balance of research content. There are articles that focus on technical analysis, paired with offerings like the Weekly Live Markets & Trade Analysis series that analyze market fundamentals. Tickmill also offers archived webinars, technical and fundamental analysis videos, and news updates on its YouTube page – such as its daily Chart Hits series which are quick one-minute updates. Finally, there is interactive sentiment data from the CME, and integrated widgets with sentiment data from Acuity Trading on the Tickmill website.

Copy trading: Besides the native Signals market available in MetaTrader, Tickmill offers three platforms for social copy-trading that connect directly to your MetaTrader account. There is Pelican Trading and the AutoTrade feature of Myfxbook but these two services are not available from the firm’s U.K. and EU branches. Though it isn’t directly advertised on Tickmill’s website, ZuluTrade is also available for copy trading.

GALLERY

Tickmill research:

Feature	Tickmill
Daily Market Commentary	Yes
Forex News (Top-Tier Sources)	Yes
Autochartist	Yes
Trading Central (Recognia)	No
Delkos Research	No
Social Sentiment – Currency Pairs	Yes
Economic Calendar	Yes

Education

Tickmill’s educational content is nearly up to par with the average industry offering. It does grant access to a large catalogue of archived webinars, but Tickmill lacks a variety of educational videos and articles.

Learning center: Highlights include live educational courses, a handful of comprehensive eBooks, infographics, and weekly webinars that are hosted in various languages and archived on YouTube. There are also educational resources for learning about futures, powered by the CME available on Tickmill’s website.

Room for improvement: Tickmill continues to expand its educational offering, in both its scope of material and variety of formats. As of now, however, it suffers from a lack of video content and written articles are scarce. Introducing a dedicated educational portal that makes it possible to filter content by experience level would be a notable organizational boost. Some of the best brokers offer lesson programs, complete with quizzes and progress tracking – features that are currently absent at Tickmill.

Tickmill education:

Feature	Tickmill
Has Education – Forex or CFDs	Yes
Client Webinars	Yes
Client Webinars (Archived)	Yes
Videos – Beginner Trading Videos	Yes
Videos – Advanced Trading Videos	No
Investor Dictionary (Glossary)	Yes

Final thoughts

Tickmill is most valuable to high-volume, high-balance traders who are looking to trade only the most popular forex and CFD instruments. Tickmill complements its MetaTrader offering with a good variety of copy-trading platforms, and offers multiple account options with varying pricing structures. Drawbacks to consider are its small range of markets, limited research material, and lackluster educational content. While the VIP account does have highly competitive pricing, there are better forex brokers out there for traders to consider in 2022.

The post Tickmill review – 100% Trustable Broker appeared first on Daily FX Broker.

Ava Trade review – 100% Trustable Broker

dailyfx — Fri, 22 Apr 2022 20:27:43 +0000

Overall Summary

Feature	AvaTrade
Overall	4.5 Stars
Trust Score	93
Offering of Investments	4 Stars
Commissions & Fees	4.5 Stars
Platforms & Tools	4 Stars
Research	3.5 Stars
Mobile Trading Apps	4.5 Stars
Education	4.5 Stars

Is AvaTrade safe?

AvaTrade is considered low-risk, with an overall Trust Score of 93 out of 99. AvaTrade is not publicly traded, does not operate a bank, and is authorised by four tier-1 regulators (high trust), four tier-2 regulators (average trust), and one tier-3 regulator (low trust). AvaTrade is authorised by the following tier-1 regulators: Australian Securities & Investment Commission (ASIC), Investment Industry Regulatory Organization of Canada (IIROC), Central Bank of Ireland (CBI) – Ireland , and the Japanese Financial Services Authority (JFSA).

Regulations Comparison

Feature	AvaTrade
Year Founded	2006
Publicly Traded (Listed)	No
Bank	No
Tier-1 Licenses	4
Tier-2 Licenses	4
Tier-3 Licenses	1
Trust Score	93

Offering of investments

The range of markets available at AvaTrade will depend on which trading platform you choose, and which of the brand’s global entities holds your account. AvaTrade offers 1,260 symbols in MT5 and nearly the same number in WebTrader, though a few hundred of those symbols have been put on hold.

The following table summarizes the different investment products available to AvaTrade clients.

Cryptocurrency: Cryptocurrency trading is available at AvaTrade through CFDs, but not available through trading the underlying asset (e.g. buying Bitcoin). Note: Crypto CFDs are not available to retail traders from any broker’s U.K. entity, nor to U.K. residents.

AvaTrade offering of investments:

Feature	AvaTrade
Forex Trading	Yes
CFD Trading	Yes
Tradeable Symbols (Total)	1260
Forex Pairs (Total)	55
US Stock Trading (Non CFD)	No
Int’l Stock Trading (Non CFD)	No
Social Trading / Copy-Trading	Yes
Cryptocurrency (Physical)	No
Cryptocurrency (CFD)	Yes
Crypto Disclaimer (UK)	Note: Crypto CFDs are not available to retail traders from any broker’s U.K. entity, nor to U.K. residents (except to Professional clients).

Commissions and fees

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71% of retail investor accounts lose money when trading CFDs with this provider.You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

AvaTrade’s spreads are close to the industry average at just under one pip (0.9 pips), yet are slightly higher than the spreads available on the entry-level accounts offered by CMC Markets and Tickmill.

Professional traders: If you qualify as an elected professional trader, spreads on AvaTrade’s Professional account are competitive at 0.6 pips and comparable to FP Markets.

AvaTrade pricing summary:

Feature	AvaTrade
Minimum Deposit	$100.00
Average Spread EUR/USD – Standard	0.91 (August 2020)
All-in Cost EUR/USD – Active	0.61 (August 2020)
Active Trader or VIP Discounts	Yes
Execution: Agency Broker	No
Execution: Market Maker	Yes

Mobile trading apps

AvaTrade’s proprietary apps provide a mobile experience that will satisfy most traders (including beginners), though they aren’t quite as advanced as the mobile apps provided by category leaders such as Saxo Bank, CMC Markets or TD Ameritrade (U.S. residents only). That said, AvaTrade continues to make incremental improvements in this category, and provides a generally well-rounded suite of apps.

Apps overview: AvaTrade provides its own proprietary mobile platforms, AvaTradeGO and AvaOptions, as well as the full MetaTrader suite (MT4 and MT5) for Android and iOS devices.

Ease of use: The AvaTradeGo app closely resembles its web counterpart, and features a robust default set of syncing watchlists as well as a volatility protection feature called AvaProtect. AvaProtect allows a trader to reduce the risk on an open trade by partially hedging their position with a forex option – for an added cost.

Charting: Charts in the AvaTradeGo app come with 93 indicators – though I found that it took multiple steps to access them. However, there are no drawing tools and only three selectable chart types. Trading Central provides integrated research and related tools, mirroring what’s available within the web platform. Overall, mobile charts at AvaTrade are good, but have room to improve.

AvaOptions: The AvaOptions app is well-designed, and takes a unique approach to displaying option-chain data. AvaTrade overlays strike prices onto a chart, allowing traders to change the strike price simply by dragging it higher or lower – a feature I found to be incredibly helpful. There are also 14 default options-trading strategies available, and selecting an option plan will automatically populate the order ticket with the related options contracts. One notable annoyance: the entire app experience was displayed in landscape mode, forcing me to hold my phone like a gaming controller.

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AvaTrade mobile trading:

Feature	AvaTrade
Android App	Yes
Apple iOS App	Yes
Alerts – Basic Fields	Yes
Watch List	Yes
Watch List Syncing	Yes
Charting – Indicators / Studies	30
Charting – Draw Trendlines	Yes
Charting – Trendlines Moveable	Yes
Charting – Multiple Time Frames	Yes
Charting – Drawings Autosave	No
Forex Calendar	Yes

Other trading platforms

Thanks to AvaTrade’s extensive offering of copy trading platform options, AvaTrade once again finished Best in Class for Copy Trading in 2022.

Platforms overview: AvaTrade offers two proprietary platforms (AvaTrade WebTrader and AvaOptions), the full MetaTrader suite, ZuluTrade, and DupliTrade (accessible via WebTrader).

Charting: Charts on AvaTrade’s WebTrader platform come with 90 indicators, 13 drawing tools, 10 ten time frames, and three chart types. That said, WebTrader still has a ways to go if it wants to compete with the depth and rich quality of features found on proprietary platforms from industry leaders such as IG, Saxo Bank, and CMC Markets. For example, I discovered a platform bug that caused chart data to appear compressed. As a result, I constantly found myself having to constantly zoom out by dragging up or down to decompress the prices.

Trading tools: I found AvaTrade’s proprietary WebTrader platform to have a well-designed responsive layout. AvaTrade won our award for #1 Innovation in 2021, due to the speed of its evolution as a new platform. I was also pleased to find a suite of trading tools from Trading Central directly integrated within the platform. Though alerts are only found in the mobile version, the AvaProtect feature is included in both platforms.

Copy trading: AvaTrade’s steady progress in expanding and enhancing its copy trading offering has helped it compete with industry leaders such as eToro and Pepperstone. AvaTrade offers ZuluTrade, DupliTrade, and the native Signals market in MetaTrader. In addition, AvaTrade launched AvaSocial in the U.K., as part of its partnership with Pelican Exchange.

AvaOptions: For options traders that deposit at least $1,000, AvaTrade provides AvaOptions – its forex options platform for desktop and mobile. The desktop version is for Windows only, and requires that users install Microsoft’s .NET Framework 3.5 SP1. As a seasoned trader, even I found the platform layout to be complex. Clearly suited for professionals, the platform needs a design overhaul.

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AvaTrade trading platform:

Feature	AvaTrade
Virtual Trading (Demo)	Yes
Proprietary Platform	Yes
Desktop Platform (Windows)	Yes
Web Platform	Yes
Social Trading / Copy-Trading	Yes
MetaTrader 4 (MT4)	Yes
MetaTrader 5 (MT5)	Yes
cTrader	No
DupliTrade	Yes
ZuluTrade	Yes
Charting – Indicators / Studies (Total)	51
Charting – Drawing Tools (Total)	31
Charting – Trade From Chart	Yes
Watchlists – Total Fields	7
Order Type – Market	Yes

Research

AvaTrade produces daily in-house research content in video and article format, and grants access to Trading Central research modules. While AvaTrade has made improvements in this category, its research offering can’t stack up against what the best forex brokers offer.

Research overview: Beyond AvaTrade’s support for ZuluTrade, AvaSocial, and DupliTrade for copy trading, the main highlight from AvaTrade’s research offering is Trading Central. Trading Central is directly integrated within the AvaTrade web platform and includes a variety of TC-powered features, such as its Market Buzz, Analyst Views, and Featured Ideas tools, as well as an economic calendar and streaming news (available in MT5).

Market news and analysis: AvaTrade provides daily market analysis articles on its blog, along with daily market video updates published to its Vimeo and YouTube channels.

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AvaTrade research:

Feature	AvaTrade
Daily Market Commentary	Yes
Forex News (Top-Tier Sources)	Yes
Autochartist	No
Trading Central (Recognia)	Yes
Delkos Research	No
Social Sentiment – Currency Pairs	Yes
Economic Calendar	Yes

Education

AvaTrade provides a rich array of educational content from its in-house staff and its SharpTrader brand, as well as from third-party providers such as Trading Central. AvaTrade finished Best in Class in our 2022 review, taking second place for Education.

Learning center: AvaTrade’s website features 103 comprehensive articles that cover beginner and advanced topics. As part of its SharpTrader offering, AvaTrade provides in-depth courses that are organized by experience level. These courses include both video and written content, and feature progress tracking and integrated quizzes.

AvaTrade’s 48 educational videos cover a wide range of topics, and explore niche subjects like Donchian Channels (what they are, and how traders can use them). AvaTrade also uploads and archives video webinars on its YouTube and Vimeo channel, which help to round out its offering.

Room for improvement: Platform tutorials notwithstanding, the WebTrader and AvaTraderGo web and mobile platforms would benefit from an expansion of integrated video content.

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AvaTrade education:

Feature	AvaTrade
Has Education – Forex or CFDs	Yes
Client Webinars	Yes
Client Webinars (Archived)	Yes
Videos – Beginner Trading Videos	Yes
Videos – Advanced Trading Videos	Yes
Investor Dictionary (Glossary)	Yes

Final thoughts

AvaTrade stands out for its rich selection of trading platform options, and for its educational content for beginners – categories where it finished Best in Class. Its range of tradeable markets has nearly doubled year-over-year, and spreads for clients designated as Professional traders in the EU are quite competitive.

About AvaTrade

Founded in 2006, AvaTrade has offices in 11 countries and provides multiple trading platforms for web, desktop, and mobile devices, offering spot forex and forex options and CFDs on numerous asset classes, including cryptocurrencies. AvaTrade has 300,000 registered traders who place more than 3 million trades each month and has executed more than $1.47 trillion in traded value since inception.

AvaTrade holds regulatory licenses in multiple financial hubs across the globe. AvaTrade’s headquarters is in Ireland, where its regulator is the Central Bank of Ireland and is a member of the Investor Compensation Company DAC (ICCL), which provides eligible clients up to EUR 20,000 of maximum reimbursement in the extraordinary event of their broker’s insolvency. While not directly regulated in Canada, AvaTrade caters to clients in the country through its partnership with Friedberg Direct, which required regulatory approval.

How long do AvaTrade withdrawals take?

Withdrawals at AvaTrade take one to two business days, which is comparable to nearly every forex broker. The withdrawal time can also vary depending on your chosen withdrawal method. It’s important that your account is up to date; even though you may have been verified upon opening your account, your broker may ask you to provide an updated proof of ID and proof of address to process your request if considerable time has passed.

What is the minimum deposit at AvaTrade?

The minimum deposit at AvaTrade is generally 100 units of currency, depending on the denomination of your account balance. For example, a USD account will have a $100 minimum deposit whether you fund via wire or credit card. That said, AvaTrade recommends you start with one to two thousand of your preferred base currency, with the EUR, GBP, AUD all supported as available options, for traders looking for the full experience across its products.

Is my money safe in AvaTrade?

Yes, your money is as safe with AvaTrade as it would be with any online broker that is globally regulated in top-tier jurisdictions and authorized to hold its client’s funds. AvaTrade is trusted by over 300,000 customers with millions of dollars in deposits. There is always counterparty risk, which is why you should only choose brokers that are well-capitalized, in addition to being highly regulated.

The Central Bank of Ireland is one of AvaTrade’s many regulators, and AvaTrade segregates all client money from its own business funds. AvaTrade is also WebTrust compliant, and follows best practices to secure client information in terms of cybersecurity.

The post Ava Trade review – 100% Trustable Broker appeared first on Daily FX Broker.

interactivebrokers review – 100% Trustable Broker

dailyfx — Fri, 22 Apr 2022 20:08:06 +0000

Overall summary

Feature	Interactive Brokers
Overall	5 Stars
Trust Score	99
Offering of Investments	5 Stars
Commissions & Fees	5 Stars
Platforms & Tools	4.5 Stars
Research	4.5 Stars
Mobile Trading Apps	4.5 Stars
Education	4 Stars

Is Interactive Brokers safe?

Interactive Brokers is considered low-risk, with an overall Trust Score of 99 out of 99. Interactive Brokers is publicly traded, does not operate a bank, and is authorised by eight tier-1 regulators (high trust), one tier-2 regulators (average trust), and zero tier-3 regulators (low trust). Interactive Brokers is authorised by the following tier-1 regulators: Interactive Brokers is authorised by the following tier-1 regulators: Investment Industry Regulatory Organization of Canada (IIROC), Securities Futures Commission (SFC), Japanese Financial Services Authority (JFSA), Financial Conduct Authority (FCA), Monetary Authority of Singapore (MAS), Central Bank of Ireland (CBI) – Ireland, and the Commodity Futures Trading Commission (CFTC).

Regulations Comparison

Feature	Interactive Brokers
Year Founded	1977
Publicly Traded (Listed)	Yes
Bank	No
Tier-1 Licenses	8
Tier-2 Licenses	1
Tier-3 Licenses	0
Trust Score	99

Offering of investments

Interactive Brokers offers a significant range of tradeable global markets. However, the availability of those markets will depend on where you reside and which Interactive Brokers entity holds your account. For example, retail spot forex trading is not available to U.S. residents (unless you are designated as an ‘Eligible Contract Participant’ by Interactive Brokers), and CFDs are not available to clients in the U.S., Canada, or Hong Kong.

Cryptocurrency: Cryptocurrency trading is not available at Interactive Brokers through CFDs, but is available through trading the underlying asset (e.g. buying Bitcoin) through Interactive Brokers partnership with Paxos. Note: Crypto CFDs are not available to retail traders from any broker’s U.K. entity, nor to U.K. residents.

The following table summarizes the different investment products available to Interactive Brokers clients.

Interactive Brokers offering of investments:

Feature	Interactive Brokers
Forex Trading	Yes
CFD Trading	Yes
Tradeable Symbols (Total)	7400
Forex Pairs (Total)	91
US Stock Trading (Non CFD)	Yes
Int’l Stock Trading (Non CFD)	Yes
Social Trading / Copy-Trading	No
Cryptocurrency (Physical)	Yes
Cryptocurrency (CFD)	No
Crypto Disclaimer (UK)	Note: Crypto CFDs are not available to retail traders from any broker’s U.K. entity, nor to U.K. residents (except to Professional clients).

Commissions and fees

Interactive Brokers does appear to offer competitive pricing; however, it is difficult to make a precise comparison as Interactive Brokers does not publish its average spreads for forex. That said, we were able to obtain a sample of one week’s worth of average spread data for the EUR/USD, which ended up coming to a total of 0.6 pips after commission.

Forex pricing summary: For forex trading, commissions per side start at 0.00002 (0.2 basis points) of the U.S. dollar trade value with a minimum of $2 per order ($4 per round turn), but can drop to 0.08 basis points if you are an exceptionally active trader.

Forex account example: Buying and then selling $100,000 worth of EUR/USD at Interactive Brokers would result in a commission-equivalent of roughly 0.40 pips in addition to any prevailing spreads. Overall, that is a low commission rate for forex trading (note: IBKR Lite and IBKR Pro accounts do support forex trading but are not commission-free).

Minimum charge per trade: Given the minimum commission of $2 per side, trading anything less than 100,000 units of currency becomes proportionally more expensive. The minimum charge by Interactive Brokers for forex is similar to Saxo Bank’s $3 per-order fee charged when trading less than 50,000 units of currency.

Commissions and execution method: For forex traders, Interactive Brokers aggregates prices from 17 of the world’s largest interbank forex dealers. Instead of marking up spreads, Interactive Brokers charges a commission per trade, which ranges from $16 to $40 per million round turn ($8 to $20 per side). This pricing is comparable to brokers that offer commission-based forex trading with agency execution.

Active traders: For active traders, there are discounts that become available when certain monthly trading volume minimums are met. For example, if you trade over $1 billion worth of forex, the minimum charge drops from $2 per order to $1.5, and can go as low as $1 per order when reaching $5 billion per month in volume. Also, Interactive Brokers can handle large order sizes on a Request For Quote (RFQ) basis to minimize market impact and deliver the best possible execution to clients.

Other thoughts: I would like to see Interactive Brokers publish its average forex spreads, especially since it competes so well in other asset classes – like U.S. equities trading (stock trading). Additionally, joining the FX Global Code would further demonstrate its status as a global leader.

Interactive Brokers pricing summary:

Feature	Interactive Brokers
Minimum Deposit	$0
Average Spread EUR/USD – Standard	0.6 (From 09/25/21 – 10/02/21)
All-in Cost EUR/USD – Active	0.6 (From 09/25/21 – 10/02/21)
Active Trader or VIP Discounts	Yes
Execution: Agency Broker	Yes
Execution: Market Maker	No

Mobile trading apps

Customizing IBKR Mobile for forex trading can be an involved process, but the app offers a robust trading experience that competes among the industry’s best multi-asset brokers. Interactive Brokers’ recently launched IMPACT app won our award for Innovation.

Apps overview: Interactive Brokers provides its IMPACT app for stocks and crypto, while its primary mobile app for forex and CFD trading is known as IBKR, and is available for iOS on the Apple App Store and for Android devices on Google Play. The app is rich with features, many of which mirror what’s available on the web platform.

One such rich feature is its latest Impact dashboard, where you can assess portfolio metrics in relation to Environmental Social Governance (ESG) factors. There is also an extensive list of predefined watchlists (including two specifically for forex), and an economic calendar that features the ability to add alerts, and can be configured to only show forex-specific economic events.

Charting: The IBKR mobile app features rich charting, and the ability to execute trades from within the charts themselves. There are 127 available indicators, and though there is a lack of drawing tools, I was pleased to find that indicators automatically sync with the TWS desktop platform.

Ease of use: When viewing a given chart, related news headlines display in an adjacent field – a truly helpful feature for comparing the impact of news on market prices. I was pleased to see videos and streaming TV available in the IBKR Mobile app, another feature that mirrors the desktop experience. However, the IBKR app can be generally tricky to use, especially when compared to the best mobile trading apps from category leaders.

Innovation: The IBot tool (also available in TWS) lets you chat with an AI-powered bot (either by typing or via voice command). This thoughtfully-developed tool can recognize and act upon commands such as, “Show me a chart of the EUR/USD.” In this example, IBot would return a relevant chart that can be opened directly from the search results.

nteractive Brokers mobile trading:

Feature	Interactive Brokers
Android App	Yes
Yes
Alerts – Basic Fields	Yes
Watch List	Yes
Watch List Syncing	Yes
Charting – Indicators / Studies	98
Charting – Draw Trendlines	No
Charting – Trendlines Moveable	No
Charting – Multiple Time Frames	Yes
Charting – Drawings Autosave	No
Forex Calendar	Yes

Other trading platforms

Interactive Brokers stands out for its trading platforms, which include its flagship desktop software and web trading app – both of which provide access to advanced trading tools and global financial markets (including forex and CFDs). Interactive Brokers’ web-based platform is geared towards everyday retail traders, whereas the desktop platform is complex, and challenging to use and customize – even for professionals.

Platforms overview: Trader Workstation (TWS), Interactive Brokers’ flagship desktop trading platform, can be best described as knotty. It’s packed full of features that cover the whole spectrum of trading products, but its complexity may make it less accessible to beginner traders.

Interactive Brokers’ Client Portal is a web-based trading platform that has a good balance of features, such as forex news headlines and related economic calendar events, trading, and even syncing watch lists. This platform is far more approachable for casual investors, and I found it enjoyable to use in my own testing.

FXTrader is the main terminal within TWS for trading forex, and provides access to 91 forex CFDs or 105 cash forex pairs offered by Interactive Brokers. When adding forex pairs to a watch list, users can choose from both spot forex cash rates and forex CFDs from either the IDEALPRO or SMART venue.

Charting: TWS charts offer 127 available studies, which is far above the industry average but less than, say, thinkorswim by TD Ameritrade – which offers over 300. That being said, there’s no question; TWS offers a powerful charting experience. Likewise, the Interactive Brokers’ Client Portal has charts powered by TradingView where you can select from 98 indicators and add as many as 8 at a time.

Ease of use: While the number of customizations available in the TWS desktop platform is impressive, the inherent complexity and the long lists of possible configurations can be intimidating for unseasoned investors. For example, the watchlist alone can be configured with over 650 different available columns. Saxo Bank, CMC Markets, and IG all also offer robust trading platforms, but they are more streamlined and far easier to use.

Advanced orders: Interactive Brokers’ TWS platform supports complex orders such as its Basket order (much like TD Ameritrade’s Blast order or the Custom Basket order offered by XTB) along with One Cancels All orders and many others. This deep level of complexity can be an advantage for traders who are looking to use advanced strategies.

Interactive Brokers trading platform:

Feature	Interactive Brokers
Virtual Trading (Demo)	Yes
Proprietary Platform	Yes
Desktop Platform (Windows)	Yes
Web Platform	Yes
Social Trading / Copy-Trading	No
MetaTrader 4 (MT4)	No
MetaTrader 5 (MT5)	No
cTrader	No
DupliTrade	No
ZuluTrade	No
Charting – Indicators / Studies (Total)	127
Charting – Drawing Tools (Total)	9
Charting – Trade From Chart	Yes
Watchlists – Total Fields	651
Order Type – Market	Yes

Market research

Out of all brokers reviewed on ForexBrokers.com, Interactive Brokers still offers the widest array of third-party research for 2022.

IBKR offers 220 services from 86 news and research providers (some of which require a paid monthly subscription) and 21 directly cover forex news and research. Interactive Brokers has an overall excellent research offering, but I’d like to see an expansion of its forex-specific content.

Research overview: Interactive Brokers’ research content will satisfy the vast majority of traders – but you have to know how to find it. Much of the third-party research is available in Trader Workstation (TWS) and on the Client Portal. Content from in-house and guest authors featuring articles published throughout the trading week can be found on the Traders’ Insight blog. Interactive Brokers also streams market headlines and news from sources like Reuters, Dow Jones, and Market News International (MNI), and its economic calendar is powered by providers like Econoday. Finally, institutional investors gain access to UBS Live Desk market analysis.

Market news and analysis: Interactive Brokers provides forex research that is produced in-house, as well as from dozens of third-party providers, including free and premium (paid) subscriptions. There is also a growing selection of forex-specific articles and related written content on the Traders Insights blog.

Video content includes Bloomberg Television (U.S. and Asia), daily market updates from IBKR Traders’ Insight, and The Fly Squawkbox Live podcast. Though forex is not its main focus, the Traders’ Insight daily video update is produced by IBKR’s Chief Strategist, which I found to be a great quality.

Interactive Brokers research:

Feature	Interactive Brokers
Daily Market Commentary	Yes
Forex News (Top-Tier Sources)	Yes
Autochartist	No
Trading Central (Recognia)	Yes
Delkos Research	No
Social Sentiment – Currency Pairs	Yes
Economic Calendar	Yes

Education

Interactive Brokers’ wide variety of quality educational content (including a growing selection of forex-specific content) ranks way above the industry average, putting it just shy of becoming an industry leader for education. However, the primary focus of Interactive Brokers’ educational offering is the stock market (share trading) – not forex or CFDs.

Learning center: Interactive Brokers offers several dedicated resources for education, including its Traders’ Academy portal, IBKR Quant blog, and IBKR Campus. Created by in-house staff and third-party educators, I found the content to be plentiful, diverse, and of high quality.

The Traders’ Academy portal effectively covers broader financial market sectors, with lessons and accompanying videos that are organized by experience level. There is also a small but growing selection of forex courses (two newly added in 2021) which include quizzes and progress tracking, as well as a Coursera course that Interactive Brokers has developed with a University-style syllabus.

Room for improvement: Given the complexity of its TWS platform, I was not surprised to find that most of the broker’s educational videos were platform tutorials. On Interactive Brokers’ Youtube channel, I found very few videos about forex and CFDs, despite a large variety of content related to other asset classes. It’s worth noting that Interactive Brokers has slowly and steadily expanded its forex content, and I noticed a year-over-year improvement in this category.

Interactive Brokers education:

Feature	Interactive Brokers
Has Education – Forex or CFDs	Yes
Client Webinars	Yes
Client Webinars (Archived)	Yes
Videos – Beginner Trading Videos	Yes
Videos – Advanced Trading Videos	Yes
Investor Dictionary (Glossary)	Yes

Final thoughts

Interactive Brokers’ proprietary Trader Workstation platform, combined with competitive commissions and its diverse global product offering make it an excellent choice for professional traders and seasoned traders.

For institutional clients, IBKR is No. 1 in my book and won our award for Innovation. In 2022, Interactive Brokers finished Best in Class for its Offering of Investments, Research, Commissions & Fees and Professional trading.

However, low-volume or beginner forex and CFD traders should take note; miscellaneous fees – such as market data subscriptions – as well as the complexity of its proprietary platforms should be taken into consideration when deciding whether Interactive Brokers will be a good fit for your trading style.

Does IBKR charge for currency exchange?

When it comes to forex trading, Interactive Brokers passes the prices that it aggregates from interbank liquidity providers (LPs) directly to its clients with no markup to the low underlying spreads, simply adding a per-trade commission. Likewise, for its currency conversion – which allows you to convert your account balance from one currency to another – the same process applies. You are shown the underlying forex rates, and a small commission is charged when you convert your balance.

How do you do FX on Interactive Brokers?

Interactive Brokers caters to forex traders through its desktop, web, and mobile trading apps. There is an entire section on the Trader Workstation (TWS) desktop dedicated to FX Trading, where you can prepare and place orders for IBKR to execute. Likewise, the web and mobile app enable you to trade forex, and are much easier to use than the TWS desktop version. That being said, many of the advanced features available on TWS for forex trading are not available on the web and mobile apps.

Can you trade forex on IBKR?

Forex trading is available globally to IBKR clients – except in the U.S., where it is only available to institutional clients. In other words, if you are a retail or professional client in the U.S., you cannot trade forex with IBKR, unless you meet the definition of an Eligible Contract Participant (ECP) with at least $10 million in assets.

About Interactive Brokers

Founded in 1977, Interactive Brokers is one of the oldest online brokerages in the U.S. and has been listed publicly (NASDAQ: IBKR) since 2007. Interactive Brokers has 1.73 million clients and is well-capitalized with $7.1 billion in excess regulatory capital and USD 373.8 billion in client equity.

Interactive Brokers was one of the first brokers to offer a multi-asset solution that now includes equities, options, forex, futures, and bonds across 135 market centers in 33 countries, and 23 currencies, and from a single trading account.

While retail forex is not available to U.S. residents at Interactive Brokers, Eligible Contract Participants (ECPs) with at least $10 million in assets are still eligible.

The post interactivebrokers review – 100% Trustable Broker appeared first on Daily FX Broker.

XTB review – 100% Trustable Broker

dailyfx — Thu, 21 Apr 2022 20:00:45 +0000

Overall summary

Feature	XTB
Overall	4.5 Stars
Trust Score	95
Offering of Investments	4.5 Stars
Commissions & Fees	4.5 Stars
Platforms & Tools	4 Stars
Research	4.5 Stars
Mobile Trading Apps	4.5 Stars
Education	4 Stars

Is XTB safe?

Trust Score

XTB is considered low-risk, with an overall Trust Score of 95 out of 99. XTB is a publicly traded company that is authorised by one tier-1 regulator (high trust), three tier-2 regulator (average trust), and one tier-3 regulator (low trust). XTB is authorised by the following tier-1 regulator: Financial Conduct Authority (FCA).

Regulations Comparison

Feature	XTB
Year Founded	2002
Publicly Traded (Listed)	Yes
Bank	No
Tier-1 Licenses	1
Tier-2 Licenses	3
Tier-3 Licenses	1
Trust Score	95

Offering of investments

XTB provides traders access to CFDs on 1,848 stocks, 135 ETFs, 22 commodities, 36 indices, 5 cryptocurrencies, and 57 forex pairs. XTB also provides nearly 7,800 cash equities (non-leveraged)and 150 ETFs as part of its securities offering (though these are not available from its U.K. or Cyprus branches). The following table summarizes the different investment products available to XTB clients.

Cryptocurrency: Cryptocurrency trading is available at XTB through CFDs and through trading the underlying asset (e.g. buying Bitcoin). Note: Crypto CFDs are not available to retail traders from any broker’s U.K. entity, nor to U.K. residents (except for professional clients).

XTB offering of investments:

Feature	XTB
Forex Trading	Yes
CFD Trading	Yes
Tradeable Symbols	10000
Forex Pairs	49
US Stock Trading	Yes
Int’l Stock Trading (Non CFD)	Yes
Social Trading / Copy-Trading	Yes
Cryptocurrency (Physical)	No
Cryptocurrency (CFD)	Yes
Crypto Disclaimer (UK)	Note: Crypto CFDs are not available to retail traders from any broker’s U.K. entity, nor to U.K. residents (except to Professional clients).

Commissions and fees

XTB offers two account types; there’s a spread-only Standard account, and a commission-based Professional account – though this option is reserved for clients who meet the definition of elected Professionals in the U.K. and Europe. Overall, pricing at XTB is in line with the industry average but trails the best brokers in this category.

Average spreads: Using data from Q3 2021, XTB average spreads on the EUR/USD stood at 0.91 (note: the commission-based pro account is being phased out and is no longer promoted).

Standard vs. Pro accounts: XTB’s Standard and Professional accounts have similar pricing when trading at higher volumes – and minimum deposits start at 250 base currency (£250, €250, or $250). For smaller amounts, however, the Standard account appears to be cheaper. My choice for retail traders would be the Standard account, especially as the Pro account is no longer available in most regions – except for certain legacy clients.

Active trader discounts: For active traders (and those in the EU who meet the definition of elective professionals), XTB will rebate a portion of the spread (from 5% to 30%) back to you when you reach certain volume thresholds, starting from 20 lots per month to as much as 1000 lots for the full 30% discount.

XTB pricing summary:

Feature	XTB
Minimum Deposit	$0.00
Average Spread EUR/USD – Standard	0.9 (Q3 2021)
All-in Cost EUR/USD – Active	0.9 (Q3 2021)
Active Trader or VIP Discounts	Yes
Execution: Agency Broker	Yes
Execution: Market Maker	Yes

Mobile trading apps

While the MetaTrader 4 mobile app is available in certain locations, XTB’s proprietary xStation 5 mobile app is far superior and available everywhere. There’s no question; XTB’s mobile app can compete with the best forex brokers.

xStation mobile features: The xStation 5 app is cleanly designed with several features that mirror its web counterpart, such as streaming news, predefined watchlists, an economic calendar, top movers, and client sentiment data. Several integrated videos in the mobile app also provide webinar-style educational content, with multiple videos that are over an hour long.

xStation charting: xStation 5 charts are good, but not great; I was disappointed to find that watchlists do not sync with the web version of the platform, and that there are only half as many indicators (13 total). Nice features in xStation 5 mobile charts include an automatic-save feature for your trend lines and drawings, and the ability to easily add indicators to your charts while zooming in on various time frames.

XTB mobile trading:

Feature	XTB
Android App	Yes
Apple iOS App	Yes
Alerts – Basic Fields	Yes
Watch List	Yes
Watch List Syncing	No
Charting – Indicators / Studies	30
Charting – Draw Trendlines	Yes
Charting – Trendlines Moveable	Yes
Charting – Multiple Time Frames	Yes
Charting – Drawings Autosave	Yes
Forex Calendar	Yes

Other trading platforms

XTB offers MT4 in select locations, but its feature-rich xStation 5 platform steals the show with its minimalist design and powerful tools.

Platforms overview: XTB offers two flagship web-based trading platforms: xStation 5, and – from select locations – the MetaTrader 4 (MT4) platform developed by MetaQuotes Software Corp (not available from Cyprus, France, or the U.K.).

Charting: Beyond its responsive modern design (and its 30 drawing tools and 39 technical indicators), there are several unique features that help xStation 5 stand out. For example, I loved the fact that charts include a countdown timer showing the remaining time left in each candlestick. Also, economic news releases appear along the bottom axis of its charts, providing traders with helpful insights during important economic events.

xStation 5 trading tools: XTB’s flagship platform offering, xStation 5, delivers an excellent experience for web, mobile, tablet, and even iOS and Android smartwatches. Trading tool highlights include color-coded heat mapping for analyzing top movers, a versatile stock screener, and sentiment data that shows the percentage of XTB clients that are long or short for a given trading symbol.

XTB trading platform:

Feature	XTB
Virtual Trading (Demo)	Yes
Proprietary Platform	Yes
Desktop Platform (Windows)	Yes
Web Platform	Yes
Social Trading / Copy-Trading	Yes
MetaTrader 4 (MT4)	Yes
MetaTrader 5 (MT5)	No
cTrader	No
DupliTrade	No
ZuluTrade	No
Charting – Indicators / Studies (Total)	51
Charting – Drawing Tools (Total)	31
Charting – Trade From Chart	Yes
Watchlists – Total Fields	7
Order Type – Market	Yes

Market research

XTB’s research content can compete with the best in the industry, thanks to high-quality analysis from in-house staff as well as third-party providers. That said, XTB does not publish as many daily English articles and videos as some of the best brokers in this category – though it does have a strong international presence in other languages.

Research overview: XTB makes up for the absence of Trading Central and Authochartist by offering exclusive strategies as part of its Premium Research service. In addition to streaming headlines from top-tier news providers, XTB offers an economic calendar, market sentiment, and other platform tools for research. XTB also provides written articles from its staff and weekly video webinars on YouTube, including in other supported languages, such as Polish, German and Italian.

Market news and analysis: XTB publishes quality articles on its Market News section which are then streamed as headlines within the xStation 5 platform. The research includes both fundamental and technical analysis, with features such as its “Chart of the day” series. Trading signals are also included within XTB’s news panel, with price analyses from Thomson Reuters, Barclays, Citi Group, and other top-tier providers.

News filtering: Identifying articles written by in-house staff (versus third-party content) is not a seamless experience at XTB. Saxo Bank’s web platform, for example, allows for the ability to filter news content by source (in-house vs third-party). As a trader, I appreciate what XTB’s staff has to say, so the ability to filter or easily identify in-house content would be a welcome enhancement.

XTB research:

Feature	XTB
Daily Market Commentary	Yes
Forex News (Top-Tier Sources)	Yes
Autochartist	No
Trading Central (Recognia)	No
Delkos Research	No
Social Sentiment – Currency Pairs	Yes
Economic Calendar	Yes

Education

I was impressed with XTB’s educational offering, thanks to its extensive written content, video materials, and archived webinars. XTB generally does a great job incorporating education throughout its platform suite and website. The only drawback is the lack of organization of its video content– it doesn’t all live in one place, and is instead scattered throughout its platform and its YouTube channel.

Learning center: XTB provides a variety of materials on its website under the “Learn To Trade” section, all of which can be sorted by topic or experience level. There are more than 200 lessons available in XTB’s well-organized Trading Academy, along with enhanced FAQs, platform tutorials, financial market education, premium content for live account holders.

There are at least ten lessons that cover forex and CFD education, and each category features quizzes. There are also dozens of articles covering broader subjects like “What are macroeconomic indicators?”

Room for improvement: XTB provides a good balance of videos within its Trading Academy and on its YouTube channel, including 17 videos in its Masterclass series. Many of these videos are also integrated in the Premium section within the xStation 5 web platform and mobile app. Organizing all these videos by category or experience level, and keeping them in one place – such as within the Trading Academy or a dedicated video library – would be a great way to arrange for seamless access to all of XTB’s video content. In addition, I liked that progress tracking is incorporated, giving traders the option to measure their learning progress – though quizzes or tests would be a welcome addition.

XTB education:

Feature	XTB
Has Education – Forex or CFDs	Yes
Client Webinars	Yes
Client Webinars (Archived)	Yes
Videos – Beginner Trading Videos	Yes
Videos – Advanced Trading Videos	Yes
Investor Dictionary (Glossary)	No

Final thoughts

XTB is a trusted brand that provides a broad selection of tradeable securities, outstanding customer service, competitive research, and its innovative xStation 5 proprietary trading platform suite. Though pricing is just average, XTB finished Best in Class for 2022 in our Research, Education and Overall categories, out of 39 brokers. XTB left me impressed, and is worth close consideration from traders seeking a broker for trading forex and CFDs in 2022.

About XTB

XTB was founded in Poland in 2002 and has since grown to become a well-known broker for trading forex and CFDs. With a market capitalization of $409 million as of September 21, 2021, XTB is publicly traded on the Warsaw Stock Exchange (WSE: XTB.PL). XTB serves 105,005 active clients globally as of its 2021 H1 report for the first of the year. XTB maintains offices in over a dozen countries across Europe and is licensed by numerous regulators, including the U.K.’s FCA, Poland’s KNF, Germany’s BaFIN, Spain’s CNMV, France’s AMF, Cyprus’ CySEC, the U.A.E’s DFSA, South Africa’s FSCA, and Belize’s FSC. XTB holds indemnity insurance of up to $1M per client claim and up to $5M total through its Belize entity.

The post XTB review – 100% Trustable Broker appeared first on Daily FX Broker.

IG review – 100% Trustable Broker

dailyfx — Thu, 21 Apr 2022 19:16:34 +0000

Overall Summary

Feature	IG
Overall	5 Stars
Trust Score	99
Offering of Investments	5 Stars
Commissions & Fees	4.5 Stars
Platforms & Tools	5 Stars
Research	5 Stars
Mobile Trading Apps	5 Stars
Education	5 Stars

Is IG safe?

IG is considered low-risk, with an overall Trust Score of 99 out of 99. IG is publicly traded, does operate a regulated bank, and is authorised by seven tier-1 regulators (high trust), two tier-2 regulators (average trust), and one tier-3 regulator (low trust). IG is authorised by the following tier-1 regulators: Australian Securities & Investment Commission (ASIC), Japanese Financial Services Authority (JFSA), Monetary Authority of Singapore (MAS), Swiss Financial Market Supervisory Authority (FINMA), Financial Conduct Authority (FCA), Financial Markets Authority (FMA) – New Zealand, and the Commodity Futures Trading Commission (CFTC). Learn more about Trust Score.

Regulations Comparison

Feature	IG
Year Founded	1974
Publicly Traded (Listed)	Yes
Bank	Yes
Tier-1 Licenses	7
Tier-2 Licenses	2
Tier-3 Licenses	1
Trust Score	99

Offering of investments

The range of markets available to you may vary depending on which of IG’s regulatory entities holds your account. Residents of the U.K., New Zealand, Japan, and the U.S. must choose their respective local IG entity.

Alongside nearly 20,000 CFDs, IG offers exchange-traded securities (non-CFDs) for residents of the U.K. (see our IG U.K. share dealing review), Germany, and Australia to access international stock exchanges. In addition to forex options, IG offers exchange-traded Turbo warrants as part of Spectrum, its Multilateral Trading Facility (MTF) in Europe, and listed derivatives in the U.S. via tastytrade. IG Bank in Switzerland is also an option for eligible clients.

Cryptocurrency: Cryptocurrency trading is available at IG through CFDs, but not available through trading the underlying asset (e.g., buying Bitcoin). IG does not offer crypto derivatives in the U.K. to retail traders.

The following table summarizes the different investment products available to IG clients.

IG offering of investments:

Feature	IG
Forex Trading	Yes
CFD Trading	Yes
Tradeable Symbols (Total)	19537
Forex Pairs (Total)	100
US Stock Trading (Non CFD)	Yes
Int’l Stock Trading (Non CFD)	Yes
Social Trading / Copy-Trading	Yes
Cryptocurrency (Physical)	No
Cryptocurrency (CFD)	Yes
Crypto Disclaimer (UK)	Note: Crypto CFDs are not available to retail traders from any broker’s U.K. entity, nor to U.K. residents (except to Professional clients).

Commissions and fees

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75% of retail investor accounts lose money when trading CFDs with this provider.You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

IG’s size allows it to provide scalable execution across the board – regardless of the product being traded. While IG can’t be considered a discount broker, it shines for the active trader pricing available through its Forex Direct accounts, and its ability to execute large orders. Spreads on its main account offering are closer to the industry average in 2021, with spreads averaging 0.828 the majority of the time (23 hours a day) during September 2021.

CFD account average spreads: For both mini and standard-size contracts, typical spreads during the main trading session (22 hours each day from 0000 – 2200 GMT) averaged 0.768 pips for the month of September 2021 – which is slightly better than the industry average. It is worth noting that – just like with most Master Fx Review – IG’s spreads during low-liquid times can be higher than normal, averaging 0.994 pips when including the remaining hours in the trading day (2100 to 0000 GMT) during the same timeframe as the above September 2021 data.

CFD account active trader rebates: For volume traders who qualify as professionals under EU rules, IG offers pricing discounts via its three-tier active-trader rebate program. In tier one, you can earn a 10% spread rebate if you transact over £50 million worth of forex volume per month. Meanwhile, if you trade over £300 million per month, the rebate jumps to as much as 20%. To put this into a different context, 20% off of 0.76 pips is 0.17 pips, which would result in an all-in cost of just 0.60 pips – a very competitive spread.

DMA account (Forex Direct): For the savviest traders seeking more significant discounts than what is offered in the CFD account, the DMA account is an even better option than the active trader rebates on IG’s spread-only pricing. This commission-based offering, Forex Direct, is available via the DMA account and provides traders access to the L2 Dealer platform. The DMA account requires just a £1,000 minimum and uses a tiered pricing scale based on the trader’s previous month’s trading volume.

DMA account average spreads: With average spreads of 0.165 on the EUR/USD for the 12 weeks ending March 19th, 2019, the all-in spread is 1.3 pips using the base tier of $60 per million for traders that do less than $100 million per month. Traders that do over 1.5 yards (one yard = $1 billion in volume) see their per-side commission drop to $10 per million ($20 round-turn), resulting in an effective spread of 0.365 pips – using the 2019 data.

IG pricing summary:

Feature	IG
Minimum Deposit	£250.00
Average Spread EUR/USD – Standard	0.828 (September 2021)
All-in Cost EUR/USD – Active	0.365 (May 2020)
Active Trader or VIP Discounts	Yes
Execution: Agency Broker	Yes
Execution: Market Maker	Yes

Mobile trading apps

IG’s mobile app competes with the best in the industry, and comes packed with plenty of features that will satisfy both casual and advanced traders. The charts in IG’s app are arguably my favorite from among all brokers, due to the extensive range of available features.

Apps overview: IG offers two trading apps: the popular MetaTrader 4 (MT4) app, alongside its own flagship mobile app, IG Trading (also known as IG Forex). There is also the IG Academy app for education, and IG Access for account security – but neither supports trading. The IG Trading app has a well-designed layout that’s teeming with features such as alerts, sentiment readings, and highly advanced charts. Research consists of news headlines from Reuters, signals from Autochartist, and PIA First.

Ease of use: IG’s mobile app does a decent job of balancing ease-of-use with the depth of its available features. Navigating integrated news headlines from Reuters, or switching to market analysis and trading signals is a breeze on IG’s app.

The only drawback is the lack of predefined watchlists or screeners, which makes it more difficult to sift through IG’s massive product list. Charts, however, are superb on mobile, and sync seamlessly with the web platform. For example, a chart template saved on the web can be applied to charts on the mobile appThere are syncing watchlists, though it’s worth noting that trend lines do not sync, like they do on SaxoTraderGO from Saxo Bank. Still, there is a lot to like about the IG mobile app.

Charting: IG’s mobile app is loaded with 30 technical indicators, 20 drawing tools, and 16 selectable time frames across five distinct chart types – including tick charts. Setting up charts is easy, and zooming in and out across time frames feels quick and precise. Chart indicators added on the web platform won’t automatically sync with the mobile app (although they can be saved as presets). Still, it was an absolute pleasure to use IG Mobile’s charts.

IG mobile trading:

Feature	IG
Android App	Yes
Apple iOS App	Yes
Alerts – Basic Fields	Yes
Watch List	Yes
Watch List Syncing	Yes
Charting – Indicators / Studies	32
Charting – Draw Trendlines	Yes
Charting – Trendlines Moveable	Yes
Charting – Multiple Time Frames	Yes
Charting – Drawings Autosave	Yes
Forex Calendar	Yes

Other trading platforms

IG provides an outstanding selection of trading platforms and tools, with functionality that serves traders of all experience levels.

Platforms overview: While IG does offer the popular MetaTrader 4 platform, alongside the L2 Dealer DMA platform and ProRealTime charting software platform, I focused my testing on IG’s flagship web platform. Usability is at the heart of the experience for IG’s proprietary web-based platform, which comes loaded with a vast selection of features. For example, charts open from nearly any view, and display live market prices and streaming bid/ask rates. There is a seemingly endless variety of research and trading tools, including integrated risk-management modules. One minor caveat is that you must take a few minutes to set up the layout, as the default view is mostly empty – though you can save multiple custom layouts.

Charting: Default charts within the IG platform feature advanced functionalities, such as the ability to add up to four alerts to any of its 11 supported indicators. Besides five chart types, there is also a tick chart – a useful feature that isn’t offered by every broker. I also appreciated that zooming in and out and resizing the view across time frames all felt very fast and smooth. Lastly, trading from the chart with an integrated trade ticket shows risk/reward ratios, and allows you to drag stops/limits with great precision.

Specialty platforms: IG offers the MetaTrader4 (MT4) platform and its L2 Dealer platform, where Forex Direct and Direct Market Access (DMA) are available for share trading. While I do not recommend MT4 due to its limited available product range, L2 Dealer – which requires a minimum deposit of $1,000 – can be a viable option due to the discounts available for active traders, and for its support of advanced algorithmic order types.

ProRealTime charts: ProRealTime – a third-party platform exclusively offered by IG in the U.K. – offers advanced charting with nearly 100 indicators and support for automated strategies. ProRealTime costs £30 per month unless you make at least four trades during each calendar period. While the ProRealTime layout is highly customizable, my testing left me thinking it could use a modern upgrade. For example, floating windows can get messy and are inferior to modern snap grid layouts. That said, its charts were an absolute pleasure to use, and I appreciated the automatic coloring of studies, which made them easier to view when adding multiple indicators.

IG trading platform:

Feature	IG
Virtual Trading (Demo)	Yes
Proprietary Platform	Yes
Desktop Platform (Windows)	Yes
Web Platform	Yes
Social Trading / Copy-Trading	Yes
MetaTrader 4 (MT4)	Yes
MetaTrader 5 (MT5)	No
cTrader	No
DupliTrade	No
ZuluTrade	No
Charting – Indicators / Studies (Total)	32
Charting – Drawing Tools (Total)	20
Charting – Trade From Chart	Yes
Watchlists – Total Fields	14
Order Type – Market	Yes

Market research

IG provides a vast selection of excellent quality market research from both in-house and third-party providers. The sheer amount of content in IG’s platform – including in-house broadcasting with IGTV – is only matched by TD Ameritrade (U.S. residents only), and Interactive Brokers.

Research overview: IG’s research tools include streaming news and TV from Reuters, trading signals, in-house broadcasting via IGTV, and an economic calendar and weekly forecast (The Week Ahead series) in video and article format, alongside multiple daily blog updates with market analysis.

Advanced tools include a customizable screener for various asset classes, including CFDs on global stocks, forex. IG’s innovative “Recommended News” section personalizes your content, aiming to tailor headlines based on your account traits. The additional DailyFX content practically doubles the already impressive amount of research provided by IG.

Market news and analysis: IG integrates Autochartist and PIA First into its platform, allowing traders to view trade signals generated by automated pattern recognition and technical analysis. These trading ideas can be conveniently copied with a single click, which pre-populates the trade ticket window. IG also provides multiple daily articles and videos that are posted throughout the trading week.

DailyFX and IG Community: IG powers DailyFX, a blog-style news website that provides IG clients with news content and various research tools. IG Community, a recently launched social network resembling an advanced forum, brings together over 60,000 users. While the content is crowdsourced, I still found it to be valuable as IG hand-picks the best research articles. There is also a timeline (akin to a social network) that shows member actions such as new joins, follows, and comments on threads.

IG research:

Feature	IG
Daily Market Commentary	Yes
Forex News (Top-Tier Sources)	Yes
Autochartist	Yes
Trading Central (Recognia)	No
Delkos Research	No
Social Sentiment – Currency Pairs	Yes
Economic Calendar	Yes

Education

IG is a leader for its educational content, offering a vast selection of material in a variety of formats, including video, written articles, numerous weekly webinars, and guides from DailyFX. There are educational courses organized by experience level on IG Academy, complete with progress tracking and quizzes. IG also provides a dedicated mobile app for education, and its strong social community of over 64,000 members provides a selection of crowd-sourced articles.

Learning center: Educational content is scattered across its website, its YouTube channel, and its DailyFX offering. DailyFX offers eight trading guides for beginners, five advanced guides, and written materials in a well-designed course that features progress tracking. In addition to educational content, there are seven articles about risk-management from Bollinger Bands, 17 beginner articles, and support is also available for additional languages.

IG Academy: IG Academy features eight courses that are organized by experience level, each containing nearly a dozen chapters. These courses are an interactive experience, with video content, lesson summaries, and quizzes incorporated throughout the coursework. There is also a final quiz where you receive a total score reflecting how many questions were answered correctly.

Videos: In addition to a wealth of archived content and various playlists on its YouTube channels, IG offers its own in-house broadcasting with IGTV. Featuring content such as multiple weekly webinars, weekly podcasts, IGTV is an excellent educational tool. IG staff also cover educational topics in a live format, such is the Technical Analysis Masterclass. Even archived webinars are organized by experience level, making it easy to find what you need quickly.

IG Community: As noted in the research section above, the IG Community produces content that is curated by IG. Some of this content takes the form of educational articles, while some of it has more of a narrative structure, with traders sharing their personal views, as well as their past trading successes and failures.

Room for improvement: As a leader in this category, IG has little room to enhance its already well-rounded educational offering. Consolidating content from the IG Academy mobile app into the main IG Trading app could be one way to bring all of its educational material into one place, which would make for a more streamlined, accessible experience. It also wouldn’t hurt to include more advanced material, in both written and video format.

IG education:

Feature	IG
Has Education – Forex or CFDs	Yes
Client Webinars	Yes
Client Webinars (Archived)	Yes
Videos – Beginner Trading Videos	Yes
Videos – Advanced Trading Videos	Yes
Investor Dictionary (Glossary)	Yes

Final thoughts

Retail forex and CFD traders who want a trusted broker with brilliant tools, research, and access to nearly every global market (over 19,500 tradeable assets) will find that IG is a fantastic choice.

IG finished Best in Class across multiple categories in 2022, including Offering of Investments, Commissions and Fees, Platform and Tools, Research, Education, Mobile Trading, Professional Trading, Trust Score, and Overall.

Bottom line, IG is my top pick for 2022.

Is IG a good broker?

Yes, IG is an excellent broker that ranks at the top in nearly all key categories of importance to traders.

As an online broker, IG goes above and beyond to offer a rich experience with many options for investing in financial markets. Its trading costs, platforms, ease of use, education, mobile apps, research, range of markets, and trading tools make it a winner.

Is my money safe with IG?

Yes, IG holds more regulatory licenses than any other online broker that offers forex and CFDs. Its decades of operation, reputation, and requirements as a publicly traded company mean IG is considered a safe broker to hold client assets, including cash money.

IG holds your funds across a variety of banks and collectively services over 191,000 active clients as of its latest trading update in early 2021. It is important to use a broker that is well-capitalized to reduce your potential counterparty risk, and IG’s market capitalization of over 3.19 billion pounds (as of May 12, 2021), makes it a safe choice.

What is the minimum deposit for IG trading?

The minimum deposit with IG varies from $250 or 300 euros (EUR), to as much as 2,500 Swiss francs (CHF), depending on which IG entity you choose to establish a trading account with as well as your country of origin.

For example, clients of IG South Africa must deposit at least 4,000 South African rand (ZAR), whereas at IG Japan the minimum is 35,000 Japanese yen (JPY). With IG Australia the smallest deposit for a live account is 450 Australian dollars (AUD); in Singapore, it’s 400 Singapore dollars (SGD).

About IG

As an early pioneer in offering contracts for difference (CFDs) and spread betting, IG was founded in 1974 and has grown to be a global leader in the online trading industry. IG is a London-based public company listed on the London Stock Exchange’s FTSE 250 (LON: IGG) with a market capitalization of £3.539B as of October 2021.

As of its annual report for the financial year ending May 31, 2021, IG has 2,034 staff, servicing nearly 313,300 active clients globally across its regulated entities in the UK and internationally.

The post IG review – 100% Trustable Broker appeared first on Daily FX Broker.

Margin FX Markets Review – 100% Trustable Broker

dailyfx — Wed, 20 Apr 2022 15:22:05 +0000

Overall summary

Feature	Margin FX Markets
Overall	5 Stars
Trust Score	99
Offering of Investments	5 Stars
Commissions & Fees	4.5 Stars
Platforms & Tools	5 Stars
Research	5 Stars
Mobile Trading Apps	5 Stars
Education	4 Stars

Is Margin FX Markets?

Margin FX Markets is considered low-risk, with an overall Trust Score of 99 out of 99. Margin FX Markets one tier-2 regulator (average trust), and zero tier-3 regulators (low trust). Margin FX Markets is authorised by the following regulators: authorized by saint vincent and the grenadines and authorized by Securities Commission of the Bahamas.

Regulations Comparison

Feature	Margin FX Markets
Year Founded	1992
Publicly Traded (Listed)	No
Bank	Yes
Tier-1 Licenses	6
Tier-2 Licenses	1
Tier-3 Licenses	0
Trust Score	99

Offering of investments

Margin FX Markets is a multi-asset broker that offers investors and traders a vast selection of more than 40,000 tradeable symbols. In addition to electronically-tradeable markets that span nearly every asset type, Margin FX Markets offers spot FX, FX options, non-deliverable forwards (NDFs), Contracts for Difference (CFDs), stocks, stock options, Exchange Traded Funds (ETFs), Exchange Traded Notes (ETNs), futures, and 33,000 bonds (available only via phone).

Exchange-traded securities: In addition to trading CFD shares, Margin FX Markets also offers ISA/SIPP accounts for share dealing. To learn more, see our U.K. StockBrokers.com review of Margin FX Markets.

Cryptocurrency: Cryptocurrency trading is available through derivatives, but not available through trading the underlying asset (e.g. buying Bitcoin). Note: Crypto CFDs are not available to retail traders from any broker’s Euro entity, nor to Finland. residents.

The following table summarizes the different investment products available to Margin FX Markets clients.

Margin FX Markets offering of investments:

Feature	Margin FX Markets
Forex Trading	Yes
CFD Trading	Yes
Tradeable Symbols	40000
Forex Pairs	182
US Stock Trading	Yes
Stock Trading	Yes
Social Trading	Yes
Copy-Trading	Yes
Cryptocurrency	No
Cryptocurrency (CFD)	Yes
Crypto Disclaimer	Note: Crypto CFDs are not available to retail traders from any broker’s U.K. entity, nor to U.K. residents (except to Professional clients).

Commissions and fees

Overall, Margin FX Markets delivers excellent all-around pricing. For active traders, and those able to maintain large account balances, Margin FX Markets offers the lowest pricing in the industry.

Pricing summary: In August 2020, the average EUR/USD spreads were 0.8, 0.7, and 0.6 pips, for the Classic, Platinum, and VIP accounts, respectively. Bottom line: pricing for the Platinum and VIP accounts ranks among the best forex brokers, while the Classic account is closer to the industry average.

Classic account minimums: The entry-level Classic account requires a $2,000 minimum deposit in most cases, though it varies if you reside in the U.K. (GBP 500), Singapore (SGD 3,000), or Australia (AUD 3,000).

Platinum account minimums: The minimum deposit for the Platinum account is $200,000 – or AUD 300,000 if you reside in Australia. Traders with the Classic account can qualify to be upgraded to Platinum by earning volume-related loyalty points through Margin FX Markets Loyalty Program. For example, trading over $40 million worth of forex would earn you 120,000 points – which would be enough to upgrade from Classic to Platinum for 12 months.

VIP account minimums: For 2022, Margin FX Markets won our award for Best VIP Client Experience. Margin FX Markets VIP account, which offers the most savings on pricing, is reserved for elite investors who either deposit at least $1,000,000, or who qualify to be upgraded under Margin FX Markets Loyalty Program. Traders looking to have their account tier upgraded to VIP would need to trade at least $167 million in forex volume – this upgrade would be valid for one year. The VIP account also provides access to exclusive events and connections to Margin FX Markets analysts.

Commission-free: Margin FX Markets is commission-free, which means it makes money off the spread. There is one exception; traders who trade less than 50,000 units (half of one standard lot) per month are charged a ticket-fee of $3 per side.

Best execution: Margin FX Markets is committed to the FX Global Code, an evolving interbank standard focused on enhanced disclosures and execution best practices. The mission of the FX Global Code is to promote integrity and transparency across the global foreign exchange market.

Margin FX Markets pricing summary:

Feature	Margin FX Markets
Minimum Deposit	$2,000.00
Average Spread EUR/USD – Standard	0.8 (August 2020)
All-in Cost EUR/USD – Active	0.6 (August 2020)
Active Trader or VIP Discounts	Yes
Execution: Agency Broker	Yes
Execution: Market Maker	Yes

Other trading platforms

There’s no question; Margin FX Markets proprietary trading platforms are terrific, thanks to their streamlined designs and robust trading tools. Margin FX Markets sets a high benchmark that is not easily beat.

Platforms overview: Margin FX Markets flagship trading suite includes Margin FX Markets (web) and Margin FX Markets (desktop), alongside third-party platforms such as TradingView, MetaTrader, MultiCharts, and other trading connectivity via API. Margin FX Markets proprietary platform suite boasted new features in 2021, including the addition of crypto trading, its new Hot Topics tab, and integrated webinars – among other more subtle improvements.

Charting: For this review I focused on Margin FX Markets proprietary platform suite. While the Margin FX Markets web-based app is designed for ease of use, it also delivers advanced trading and charting capabilities. The watch-list, screener, and alerts work together in unison, and the platform is designed to bring tools and features within reach without making the experience cluttered or confusing. I truly experienced a zen-like serenity while immersed in the platform, enjoying its near-perfect balance of ease of use and advanced features. Like the platform itself, charts are versatile and powerful, with 62 indicators, 20 drawing tools, and nine selectable chart types – all of which sync across devices. Swapping between instruments is a breeze, and I really like the product overview section, which shows related news and trade signals from Autochartist.

Margin FX Markets desktop: Margin FX Markets flagship desktop platform is Margin FX Markets, which resembles Margin FX Markets in both look and feel. Functionality is similar; however, the PRO platform offers a larger selection of professional trading features. For example, PRO supports up to six monitors, streaming Level 2 order books, streaming time and sales, and algorithmic orders. Note, additional data subscriptions are required to use tools like the streaming Level 2 order book, which is a standard industry practice. Charting on Margin FX Markets is equally powerful as the web version. Subtle touches are seamlessly incorporated, such as the count-down timers which display the time remaining in each candle.

The only minor drawback I found when comparing PRO to GO is that many of the research features that load by default in GO must be added manually by using the “add module” tab. It’s also worth noting that additional data subscriptions are required to use tools like the streaming Level 2 order book – though this is a standard industry practice. Still, the desktop version of Margin FX Markets is so immersive and so massive that it felt as though I was in an IMAX theater, especially when going full-screen on a large monitor.

Ease of use: As noted earlier, Margin FX Markets provides a universal platform experience across devices, and is again my favorite for the Ease of Use category. The user experience across platforms and devices is consistent, and customized charts and watch lists automatically save and sync with the mobile app.

All in all, Margin FX Markets close attention to detail can be seen throughout its proprietary platforms. For example, in Margin FX Markets, the trade ticket comes with advanced options such as the ability to switch between forex CFDs, futures, forwards, or forex options. Also, the Quick Trade option allows you to set price tolerance for slippage when you need immediate fills.

Innovative tools: For risk-management purposes, there is an Account Value Shield feature that lets you specify the maximum risk across your account balance. If triggered, this feature will attempt to close all open positions (except for bonds and mutual funds). There are also at least thirteen advanced algorithmic order types available for various supported markets.

Specialty platforms: Margin FX Markets supports a variety of third-party platforms, including TradingView, MultiCharts, Updata, Dynamic Trend, and the OpenAPI for Excel. The MetaTrader 4 platform is also available.

If you insist on using MetaTrader instead of Margin FX Markets (I certainly do not recommend it), you can – but it won’t be cheap. To use MetaTrader with Margin FX Markets, a $20,000 minimum deposit is required, including a $2,000 per month minimum commission/fee spend requirement. Needless to say, stick with GO and PRO if you want the most from the Margin FX Markets experience.

Margin FX Markets trading platform:

Feature	Margin FX Markets
Virtual Trading (Demo)	Yes
Proprietary Platform	Yes
Desktop Platform (Windows)	Yes
Web Platform	Yes
Social Trading / Copy-Trading	Yes
MetaTrader 4 (MT4)	Yes
MetaTrader 5 (MT5)	No
cTrader	No
DupliTrade	No
ZuluTrade	No
Charting – Indicators / Studies (Total)	62
Charting – Drawing Tools (Total)	20
Charting – Trade From Chart	Yes
Watchlists – Total Fields	62
Order Type – Market	Yes

Market research

Margin FX Markets appears to be obsessed with helping its clients make money. That’s the feeling I get when perusing the state-of-the-art research from Margin FX Markets in-house team, or browsing the extensive trading ideas that are available on its website and various platforms, or when I’m engaging with the content available from Margin FX Markets various top-tier third-party providers. Margin FX Markets remains a top choice for forex research in 2022.

Research overview: Margin FX Markets offers a diverse research offering across its websites and platforms, in a variety of formats (video, articles, podcasts and headlines). It provides in-house content, such as the daily updates published by its own analysts in Margin FX Markets Market Analysis section, as well as third-party content such as the news headlines that stream from sources like Dow Jones, NewsEdge, and RanSquawk.

Market news and analysis: Margin FX Markets does an outstanding job of centralizing its research within the Margin FX Markets and Margin FX Markets platforms. Third-party trading signals and analysis are provided by Autochartist, which is nicely integrated into the software. I found it easy to discover relevant content, as its research articles are categorized by asset class or geopolitical themes. When viewing the EUR/USD pair, for example, you’ll see related news and trading ideas. To find flaws in Margin FX Markets offering, I had to get picky. For example, there is an integrated economic calendar, yet it is not interactive.

Video content: Video research is seamlessly integrated into the Margin FX Markets website and its proprietary platforms. I found the video content itself to be of high quality, like Margin FX Markets Fintech Unfiltered series, for example. Margin FX Markets also includes playlists on YouTube, although it’s worth mentioning that many of Margin FX Markets videos are unlisted, and thus not easy to find or identify. Margin FX Markets focus seems to be on its websites and trading platforms, rather than its YouTube channel. This approach provides a much cleaner customer experience, and prevents the need to bounce between YouTube and a trading platform. That said, bringing all of its video content into one place would help highlight Margin FX Markets video content, and make it easier for traders to discover.

Reports: Margin FX Markets research team delivers quarterly outlooks and yearly forecast reports, available in PDF and including accompanying videos. These reports are excellent for traders and investors seeking to take a theme-based position based on quality research. Being proprietary, the reports are also engaging. For example, I personally enjoy reading the annual “Outrageous Predictions” forecast each year.

Final thoughts

Margin FX Markets is a highly trusted, global brand that delivers just about everything that traders need. The client experience is seamless, and is rich with advanced tools and quality market research.

Margin FX Markets also does an excellent job of unifying its desktop, web, and mobile platforms. Margin FX Markets was Best in Class across nine categories for 2022, including first place for Platform & Tools, Offering of Investments, and Research.

If you can afford the minimum deposit (which was reduced from $10,000 down to just $2,000 in 2021), Margin FX Markets provides the complete package for discerning traders. If the $2,000 deposit requirement is a deal-breaker.

Is Margin FX Markets a good trading platform?

Whether you are an experienced investor or you’re just getting started as a trader,Margin FX Markets trading platform is an excellent choice. Each year, Margin FX Markets ranks at the top of nearly every category in our annual review. It’s best known for its innovative Margin FX Markets trading platform suite, which includes its mobile and web trading app, as well as its Margin FX Markets platform desktop software.

In addition to robust educational content, you gain access to excellent research, a wide range of over 40,000 symbols to trade across global markets, and a variety of asset classes – all within an easy-to-use trading platform.

Is Margin FX Markets reliable?

Margin FX Markets is highly reliable thanks to its numerous banking and financial services licenses. It has been in operation for nearly 30 years, and has had an impeccable regulatory track record since 1992. Margin FX Markets is trusted by hundreds of thousands of clients from all over the world, and has over $90 billion in client assets under its custody.

In addition to operating three banks (in Denmark, Luxembourg, and Switzerland), Margin FX Markets is well-capitalized with $92 billion in client assets as of H1 2021. Margin FX Markets has an excellent regulatory track record and holds numerous licenses in Tier 1 and Tier 2 jurisdictions, making it a low-risk broker for investing and trading in financial markets. These factors make Margin FX Markets a trusted and reliable broker to hold your money when it comes to trading CFDs, forex, shares, options, and exchange-traded and over-the-counter (OTC) derivatives.

The post Margin FX Markets Review – 100% Trustable Broker appeared first on Daily FX Broker.