Orbex – Overview of forex and CFD broker

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Orbex – Overview of forex and CFD broker

Orbex iмеждународный Форекс и CFD брокер, базирующийся на Кипре. Ранее они были известны как AFBFx. У Orbex имеются офисы на Кипре, в Кувейте и Иордании. Поскольку они являются международным брокером, они подчиняются правилам и работают по лицензии, благодаря чему мы считаем их надежной компанией.

В этом обзоре Orbex мы обсудим плюсы и минусы компании, о которых вам следует знать. В целом, мы удовлетворены тем, что может предложить Orbex, но нам известны брокеры с гораздо лучшими предложениями. Обязательно ознакомьтесь со всем обзором полностью, чтобы узнать об Orbex все. Если у вас есть опыт работы с ними, пожалуйста, поделитесь своим мнением в нижеследующем рейтинге.

Торговые счета Orbex

Orbex, как и многие другие брокеры, позволяет трейдерам выбирать из нескольких типов счетов. Счета отличаются торговыми инструментами и потребностями трейдеров.
Классический счет
● Минимальный депозит: 500$
● Валюты депозита: USD, EUR, PLN, GBP
● Советники
● Фиксированные спрэды
● Бесплатный VPS хостинг
● Максимальное кредитное плечо: 1:500
● Защита от отрицательного баланса
● Скальпинг: нет
● Стоп аут: 50%
● Отсутствие свопа

Классический счет простой и имеет невысокий порог входа. Кредитное плечо высокое, а спрэды фиксированные. По крайней мере, они предлагают защиту от отрицательного баланса.
Счет для копирования сделок
● Минимальный депозит: 500$
● Комиссия: 10$ или выше
● Стоп аут: 50%
● Плавающие спрэды
● Максимальное кредитное плечо: 1:500

Счет для копирования сделок предназначен для трейдеров, которые любят копировать чужие стратегии. Если вы следуете примеру другого трейдера, этот счет полностью скопирует его действия.
Стандартный счет
● Минимальный депозит: 500$
● Валюты депозита: USD, EUR, PLN, GBP
● Советники
● Бесплатный VPS хостинг
● Максимальное кредитное плечо: 1:500
● Защита от отрицательного баланса
● Скальпинг: да
● Стоп аут: 50%
● Отсутствие свопа
● Плавающие спрэды

Стандартный счет похож на классический, хотя здесь они предлагают плавающие спрэды и отсутствие комиссии. В остальном все практически так же.
Премиум счет
● Минимальный депозит: 5000$
● Валюты депозита: USD, EUR, PLN, GBP
● Советники
● Плавающие спрэды
● Бесплатный VPS хостинг
● Максимальное кредитное плечо: 1:500
● Защита от отрицательного баланса
● Скальпинг: нет
● Стоп аут: 50%
● Отсутствие свопа
● Отсутствие комиссии

На счете Премиум более высокий минимальный депозит, однако спрэды становятся плавающими, и вы получаете доступ ко многим другим инструментам, доступным в Orbex.
VIP счет
● Минимальный депозит: 25 000$
● Валюты депозита: USD, EUR, PLN, GBP
● Советники
● Плавающие спрэды
● Бесплатный VPS хостинг
● Максимальное кредитное плечо: 1:500
● Защита от отрицательного баланса
● Скальпинг: нет
● Стоп аут: 50%
● Отсутствие свопа
● Отсутствие комиссии

Открытие счета в Orbex является базовым процессом, как и у любого другого брокера. После заполнения регистрационной формы они попросят вас прислать подтверждение личности. Как только вы получите подтверждение, вы можете начать торговать. Вы также можете начать с демо счета, прежде чем вносить реальные деньги в Orbex.

Orbex предлагает четыре различных типа активов для торговли: валюты, товары, драгоценные металлы и индексы. Спрэды меняются вместе с торговыми инструментами, поэтому обязательно ознакомьтесь с условиями, прежде чем принять решение о совершении сделки с брокером. В целом, предлагаемые варианты довольно просты и не предлагается ничего нового.

Торговые условия в Orbex

Orbex предлагает высокое кредитное плечо, что одновременно хорошо и плохо. Это означает, что у вас есть шанс увеличить свою прибыль или рискнуть всем с более высоким процентом. Но многие счета не имеют комиссионных сборов, что также весьма положительный фактор. Orbex также предлагает возможность подключения к FSTat, что даст вам возможность копировать сделки более опытных трейдеров.

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Еще одна функция, доступная в Orbex, – TradeLab. Это система, с которой у вас есть возможность увидеть различные идеи, опубликованные трейдерами, или опубликовать свои собственные. Trading Central также позволяет найти подробные аналитические отчеты по различным торговым инструментам, которые будут охватывать различные таймфреймы и стратегии. Orbex Strategizer позволяет создавать и редактировать свои собственные советники и запускать их на MT4, не требуя знаний в области программирования.

Спрэды, предлагаемые Orbex:
● Классический счет – фиксированный, 1,9 пункта
● Стандартный счет – 1,5 пункта
● Премиум счет – 1,2 пункта
● VIP счет – 0,8 пункта

Очевидно, что чем выше уровень счета, тем лучше условия и спрэды. Чем больше вы вкладываете, тем больше вы получаете взамен инструментов. Однако это не всегда относится к торговле.

Как трейдер, вы будете инвестировать в платформу MT4. Эта платформа известна продвинутыми инструментами построения графиков, которые поддерживают несколько таймфреймов. Ознакомьтесь с преимуществами торговли с платформой MT4:

● ECN торговля
● Обучение торговле на МТ4
● Автоматизированная торговля
● Трейлинг-стоп
● Простой интерфейс
● Безопасная торговая среда
● Доступ к советникам

Orbex дает вам возможность торговать на сайте, компьютере и мобильном устройстве. Это отличный вариант для трейдеров, которые хотят инвестировать на ходу. Не у всех есть возможность торговать дома. Возможность торговать на ходу повышает ваши шансы на лучшую и успешную деятельность.

Безопасность средств, регулирование и лицензии

Orbex обеспечивает максимальную безопасность на своих серверах. Они используют SSL-шифрование для хранения всей клиентской информации. Счета клиентов также отделены от счетов компании, поэтому средства никогда не будут использованы неправильно. Безопасность средств в Orbex достаточно высока, что мы считаем большим плюсом.

Orbex также предлагает защиту через компенсационный фонд. Клиенты защищены на сумму до 20 000$, если компания вдруг станет неплатежеспособной.

Orbex регулируется CySEC по лицензии №124/10. Они соответствуют требованиям MiFID и являются частью Схемы компенсации инвесторам. Orbex также регулируется FCA, жестким регулятором Великобритании, который предлагает защиту средств и компаний. Кроме того, Orbex работает под руководством BaFin в Германии. Мы рады, что у этого брокера так много лицензий и правил. Хотя имейте в виду, что брокеры часто нарушают правила и обманывают своих клиентов независимо от этого. Orbex не имел сомнительных случаев во всей своей истории, поэтому мы предполагаем, что они соответствуют требованиям и весьма безопасны.

Надежность Orbex кажется довольно высокой. Они сумели получить многочисленные награды за годы своей практики. Возможно, это не тот показатель, который вы ищете, но это все же хороший момент.

Дополнительная информация об Orbex

Orbex имеет простой, удобный сайт. Хотя мы заметили некоторые ошибки во время знакомства с ним. Несколько вкладок не откроются, если не щелкнуть по ним несколько раз, окна открываются пустыми, и иногда текст отображается некорректно. Orbex необходимо решить эти проблемы. Конечно, это не столь важно, но все же в итоге не оставляет хорошего впечатления.

Веб-сайт доступен на нескольких языках, таких как английский, арабский, испанский, бенгальский, японский, китайский, русский, немецкий, итальянский и другие. Orbex стремится к всемирной базе пользователей, и они выполняют великолепную работу, учитывая наличие стольких языков на веб-сайте.

Orbex предлагает круглосуточную поддержку клиентов. Вы можете связаться с ними через чат, телефон или электронную почту. Они предоставляют помощь на нескольких языках и предоставляю номера телефонов разных отделов. Приятно видеть, как Orbex предлагает четкие указания по решению проблем. Мы очень довольны их обслуживанием клиентов и считаем это важным аспектом работы брокера. Конечно, в наше время большинство брокеров предлагают различные способы связи. Orbex помогает пользователям найти то, что они ищут.

Варианты оплаты в Orbex также весьма обширны, компания предлагает следующие варианты ввода и вывода средств.
● Банковский перевод
● Дебетовые/Кредитные карты
● FasaPay
● K-NET
● MoneyBooker
● Neteller
● WebMoney
● ZotaPay

Некоторые варианты ввода средств могут быть недоступны для вывода. Время обработки транзакции зависит от ее метода, хотя обычно это происходит мгновенно.

Итоги обзора Orbex – Регулируемый, но весьма ограниченный

С первого взгляда Orbex выглядит как надежный и заслуживающий доверия брокер. До сих пор не было никаких сведений о мошенничестве Orbex или использовании ими средств клиентов. Надежность довольно высокая, и мы считаем, что это в целом безопасный брокер.

Есть и очевидные недостатки, минимальные депозиты для профессиональных торговых счетов весьма высоки. Но это не должно быть проблемой для трейдеров, которые хотят инвестировать большие суммы. Имейте в виду, что предлагаемое кредитное плечо также высоко, что повышает риск. Это может либо сделать вашу прибыль намного выше, либо усугубить ваши потери. Спрэды ниже среднего по отрасли, но для VIP счета это не так уж плохо. Тем не менее, многие брокеры в настоящее время предлагают спрэд в 0 пунктов для VIP счетов.

В конце концов, трейдер самостоятельно должен решить, соответствует ли брокер его потребностям. В данном обзоре Orbex мы постарались предоставить вам всю информацию о брокере, которая может вам понадобиться. Мы считаем, что этот брокер достаточно хорош, но у других брокеров есть еще больше преимуществ и возможностей. Обязательно ознакомьтесь с нашими отзывами других брокеров.

Orbex Review

Orbex Limited is a company located in Cyprus, operating on the Forex market since 2020. Orbex is a regulated broker that works dynamically on the European and world market. In addition to the Cyprus office the broker has an office in Kuwait and therefore has a rich offer for Arabic customers. Broker provides support and a website in Arabic language, and allows clients to open SWAP-free accounts also known as Islamic accounts. One of the advantages of Orbex broker is a wide variety of investment accounts, which can be divided into five main types: Classic, Standard, Premium, VIP and Copy Trading accounts. Orbex especially cares about education of its clients, provides educational articles, news, researches and daily reports from currency market. Moreover the broker launched an innovative platform – Orbex TradeLab, it is a place where traders from all over the world can share their ideas, forecasts, investment strategies and buy/sell signals. In order to join the TradeLab community you should open a real or a demo account.

Best CFD Forex Brokers for 2020

What is an important factor that you must consider when deciding which CFD broker to trade with? If you are like most people, you will probably consider the regulations, spreads and of course what leverage they offer. Brokers understand the role each of these play in attracting new traders. As a result of this, they try to find different ways of remaining competitive.

Note, however, that our scope for vetting extends way beyond leverage, regulation or spreads. We have been following and vetting different CFD brokerages and have come up with a list of what we consider the best CFD brokers, breaking down CFD trading in the process.

Best CFD Brokers

Safe & Secure cryptocurrency exchange

Easy Intuitive interface

Liquidity Accepted in over 200 countries

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Huge range of cryptocurrencies

2 Factor Authentication

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Access the world’s most popular Crypto assets including Bitcoin

Automatically copy the trades of top Crypto traders

Deposit using PayPal + 9 other deposit options

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Deposit using PayPal + 9 other deposit options

Fully automated platform with instant transactions

A wide variety of payment options

Good for beginners

Fully automated platform with instant transactions

A wide variety of payment options

Good for beginners

2 Factor Authentication

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Crypto and Forex Trading

Same Day Withdrawals

24/7 Professional Support Team

Crypto and Forex Trading

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Daily market updates and news

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99 Digital Asset Pairs Available

Regulated by Gibraltar Financial Services Commission

99 Digital Asset Pairs Available

Regulated by Gibraltar Financial Services Commission

24/7 Customer Support

Free Demo Account

24/7 Customer Support

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London Based Cryptocurrency Exchange

Most Liquid GBP Exchange

Dedicated Account Manager

London Based Cryptocurrency Exchange

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Dedicated Account Manager

Best Brokers for Gold, Silver and Oil CFDs

Broker Gold Spread (100 oz) Silver Spread (5000 oz) Oil (1000 barrel) CFDs
ForexTime (FXTM) yes
HYCM yes
easyMarkets 50 5 12 yes
10Markets 70 6 7 yes
1BillionForex yes
24FX yes
4XNetworks yes
AAAFx 51 6 6 yes
AAFX Trading yes
Abshire-Smith 35 2.3 3 yes
AccentForex 110 5 15 yes
ACM Gold 50 5 2 yes
ActivTrades 50 5 9 yes
Admiral Markets 80 4 10 yes
ADS Securities London yes
AFX Capital 60 4 5 yes
AGEA 80 5.5 n/a yes
AGM Markets 50 10 n/a no
AL Trade 50 7 3 yes
Alfa Financial
Alpari n/a yes
Alpha Capital Markets yes
ALVAST TRADE n/a yes
AmigaFX 90 5 14 no
ArgusFX yes
AssetsFX n/a no
ATC Brokers (non-US) 10 10 10 yes
ATIORA yes
Atom8 n/a yes
AvaTrade 70 7 4 yes
Axiory 55 8 n/a yes
Axiory Europe yes
AxiTrader 50 5 5 yes
AZAFX yes
Back Bay Markets yes
BANX Trading yes
BCapitalsFX yes
BILLION CAPITALS yes
BlackBull Markets no
Blackwell Global 50 4 yes
BMFN – Boston Merchant Financial 55 4 3 yes
BTFX 30 2 yes
Bulbrokers EAD yes
Caesar Trade yes
Capital Index yes
Capital Investment Brokers (CIBFX) yes
CAPPROFX yes
ITI FX yes
CFD1000 yes
CFDTimes yes
CFH Clearing 20 0.6 2 yes
CFI Markets yes
CIM Bank 5 yes
Circle Markets yes
City Credit Capital 3 4 yes
Citypoint Trading 90 5 7 yes
CM Trading 60 6 6 yes
CMC Markets 50 n/a yes
CMC Markets UK n/a yes
ContinentalFX yes
CornerTrader yes
Deltastock 80 6 yes
DF Markets 60 4 yes
Direct FX 40 5 yes
Divisa Capital (DCFX) 25 2.5 n/a no
DMM FX n/a yes
easyMarkets yes
EightCap yes
Elxi Markets yes
eToro 90 5 14 yes
ETX Capital yes
Euro Pacific Bank n/a yes
EverFX yes
EVFOREX n/a yes
EXNESS 70 6.5 1-3 yes
FastBrokers 33 10 10 yes
FBS 10 2 n/a yes
FIBO Group 39 4.1 10 yes
FIBO Group Holdings 39 4.1 10 yes
Fidelis 20 10 n/a no
Finpro Trading yes
FIPFX GLOBAL yes
FirewoodFX n/a no
Forex Club n/a yes
FOREX.com 45-60 3-8 13 yes
Forex.ee n/a no
Forex4you 100 5 150 yes
ForexCT 50 5 yes
Forex Broker Inc 60 6 6 yes
Forex Corporate yes
Forex FS 70 7 n/a no
Forex Time (FXTM) yes
ForexYard 100 6 6 yes
Forex Global Market (FXGM) 50 4 6 yes
Forex Rally yes
FP Markets yes
Formax Prime Capital (UK) yes
ForexMart n/a yes
Fort Financial Services 60 4 5 yes
Fortress Capital no
FreshForex n/a yes
Fullerton Markets yes
FW Markets n/a no
FX Money World yes
FX-EDGE yes
FXBM yes
FXCC 25-75 2-3 yes
FXCM n/a n/a 5 yes
FXDD 50 5 10 no
FxGlory yes
FxNet 70 12 7 yes
FXOptimax 100 n/a no
FXFair yes
FXFINPRO Capital yes
FXFlat 5 yes
FXOpen 100 4 yes
FXOpen UK n/a no
FxPlayer 50 5 5 yes
FXPRIMUS 50 5 5 yes
FxPro 50 4 yes
GAINSY 40 4 n/a no
Gallant Capital Markets 50 5 n/a yes
GCI Financial 50 3 5 yes
GCM Forex yes
GKFXPRIME 50 5 5 yes
Global Clearing Group – 2pipsforex 30 3 n/a no
Golden Tangent yes
GDMFX yes
Global Prime Forex n/a no
GO Markets yes
Grand Capital 60 35 5 yes
Grinta Invest yes
Hadwins yes
HalifaxOnline 65 6 4.5 yes
Hantec Markets 50 4 yes
HighSky Brokers 60 40 5 yes
HeartForex n/a no
HiWayFX yes
HotForex 32 14 5 yes
HYCM 70 5 6 yes
Hydra Markets yes
IamFX 50 4 5 yes
IC Markets 50 0.5 0.5 yes
IC Markets Forex Rebates 50 0.5 0.5 yes
ICM – iTrade Capital Markets 50 30 5 yes
ICM Brokers 50 30 4 yes
ICM Capital 50 4 10 yes
IFC Markets 65 6 10 yes
iFOREX 70 5 8 yes
IFX Markets 70 50 7 yes
IG Markets 50 5 6 yes
IKON Group yes
IMMFX yes
Indigo DMA yes
InstaForex 100 4 n/a yes
Interactive Brokers 35-50 2-5 3-7 yes
InterTrader yes
InterTrader Direct yes
INTFX yes
Invast yes
Investorseurope yes
IronFX 50 4 2 yes
IsikFX yes
Juno Markets yes
JustForex n/a no
KAWASE yes
Key To Markets yes
KGI Ong Capital n/a no
KRCNZ n/a no
KVB Kunlun 50 5 6 yes
LAND-FX yes
Lider Forex 50 40 5 yes
LiteForex 75 5 10 yes
LMAX 36 20 n/a yes
LMFX yes
London Capital Group (LCG) 50 4 5 yes
Lucror FX n/a no
MahiFX n/a no
MaxFX yes
MAYZUS 75 7.5 10 yes
MB Trading n/a no
MBA yes
MEX EXCHANGE yes
Mocaz Financial Markets no
MTrading yes
NAS Broker yes
Nexsus Financial Markets yes
NoaFX yes
NordFX 50 4 n/a no
NSFX yes
OANDA 85 7 n/a yes
OctaFX 50-65 4-5 n/a no
OloFx yes
One Financial Markets 50 5 4 yes
Orbex yes
Pacific Financial Derivatives (PFD) 40 4 5 yes
PaxForex 100 5 n/a yes
Pepperstone 60 6 n/a no
PCM Brokers 30-40 4-5 2-3 yes
PhillipCapital yes
PhillipCapital UK yes
Price Markets yes
Profiforex 60 n/a n/a yes
Questrade 80 n/a n/a yes
Range Markets yes
Real Trade Group 65 5 n/a no
Renesource Capital 75 3 9 yes
Royal Forex Trading 65-70 4.5-5 yes
RoboForex 50-100 2.5-5 n/a yes
Rubix FX n/a yes
Saxobank 65 6 4.5 yes
SimpleFX yes
Smart Markets yes
Solforex n/a no
Sterling Gent Trading 50 5 5 yes
StoxMarket yes
Sucden (UK) Limited 60 5.5 ?
Sun Hung Kai Forex 30 5 n/a no
Sunbird 50 5 4 yes
SuperForex yes
SVSFX 40 2.7 yes
Swiss International 75 5 3 yes
Sword Capital yes
tegasFX n/a yes
TeleTrade yes
TFI Markets 100 6 n/a yes
TFX Markets yes
ThinkMarkets 50 5 yes
thinkorswim, Inc. 33-35 10 4-10 yes
Tickmill 60 21 n/a yes
Tifia yes
Titan FX yes
TopFX n/a no
TRADE.com yes
Trade Fintech yes
Trade12 yes
TradeFxP yes
Tradenext 63 11 15 yes
TraderNovo yes
Trader’s Way 40-60 4-7 4-8 yes
Traders Trust 90 36 10 yes
TradersChoiceFX 45-60 3-8 5-13 yes
TradeV yes
TradeWiseFX yes
TradingBanks yes
TradingForex.com 62 3.3 n/a yes
Tradeview Forex 30 3.8 3 yes
Trading 212 yes
Tradize yes
TrioMarkets yes
Trust Capital yes
UFX 70 7.5 10 no
Uniglobe Markets yes
UpFX 100 40 3 yes
USGFX yes
Valbury Capital n/a n/a no
Valutrades n/a yes
Vantage FX 50 5 no
VARIANSE yes
Velocity Trade 80 n/a n/a no
Victory International Futures yes
Vinson Financials yes
Vipro Markets yes
Vunani Private Clients yes
Wenn Markets yes
WH SelfInvest 50 10 4 yes
Windsor Brokers 35-50 2-3 3-5 yes
xCFD yes
XGLOBAL Markets 30.4 3 n/a no
XM 40-50 3-7 10 yes
XTB UK 30-200 2-4 7 yes
YouTradeFX 70 7 5 yes
ZAR FX yes

What is a CFD?

A contract for difference (CFD) is a financial product that allows a trader to speculate on the price movement of various financial instruments. When trading CFDs, you are essentially speculating on the changes in price/value. This can be commodities like gold, shares and stocks, currencies, cryptocurrencies, and even energies like oil without needing to own the said asset.

How does CFD trading work?

CFD trading is an agreement between a broker and a trader. Either party agrees to compensate the other based on the price movement of a given financial instrument. This can be described as a bet where the trader wins (earns a profit) when they get their price prediction right and lose (reports a loss) when the price goes against their prediction.

Here is an example: If EUR/USD was trading at 1.25 and the trader believes the market will go up, he/she will buy it at the current price. If the market goes up to 1.30, they are in profit, but if it skids off to 1.20, they will be losing.

What are the pros and cons of CFD Trading?

  • No physical ownership of the underlying asset
  • Ability to hedge
  • Low costs
  • Fast execution
  • Risk of overtrading
  • Lack of basic educational resources
  • Regulatory restrictions

What makes a good CFD broker?

With so many CFD brokerage firms out there, how do you differentiate them? Here are some of the factors that we think you should put into consideration when vetting CFD brokers to register with:

  1. The number of markets offered:A good CFD trading platform should also maintain an expansive list of tradable instruments.
  2. The simplicity of the trading platform: An ideal CFD broker must also have an easy-to-use trading platform. Whether MetaTrader, cTrader etc
  3. Trading leverage: A good CFD brokerage firm should offer its traders with flexible leverage ratios.
  4. Regulation and reputation: Your ideal CFD broker must be registered, licensed, and regulated by a reputable financial regulatory body.

Is CFD trading safe?

CFD trading is a high-risk venture that demands a lot of understanding, willingness to learn, and patience. The risk can nonetheless be toned down to manageable levels if you commit to implementing the different risk management techniques. These range from setting up a stop loss and guaranteed stop loss for trades, prudent use of leverage, and not entering into trade position during periods of huge volatility.

CFD trading fees and commissions

Some of the most common fees include:

Spreads:

Spreads are most common with CFD forex trading. It refers to the difference between the ask price (the selling price) and the bid price (the buying price).

For instance, if the current bid price for the EUR/USD pair was 1.090 and the asking price 1.095, the spread will be 5 pips(smallest incremental difference).

Overnight (swap) fees:

Most brokers will also charge an overnight fee for all CFD positions that remain open at the end of the trading day. This is known as the swap and acts as an overnight interest.

CFD regulation and security

Different countries have varied approaches to regulating CFD trades. In the United States, for instance, CFD trading is banned. The United Kingdom has, on the other hand, embraced a raft of measures addressing CFD trades that include lowering leverage offered to traders.

Most regulators also demand that all brokers maintain separate cash accounts for the company and customer funds. And that customer funds shouldn’t be used to cover the broker’s operational expenses.

In the event of a broker going bankrupt, some brokers also offer compensation up to a certain level.

What Instruments can I trade as a CFD?

The most common CFD products include:

  • Forex
  • Cryptocurrencies
  • Commodities
  • Shares and stocks
  • Bonds and options
  • Energies
  • Indices and ETFs

Source: Panchenko Vladimir | Shutterstock.com

Conclusion

CFD trading has made it possible for virtually anyone to invest in the stock, commodities, forex, and crypto markets. The high leverage provided by different brokers means that you don’t need to be an accredited investor to invest in either of these markets. The advanced trading tools that can be used have levelled the playing field for both experienced and beginner traders. You only need to find the right broker, and you are good to go.

What does going short or long on a CFD mean?

Going short involves speculating on the possibility of a particular market losing value and turning a profit if it does. Going long, on the other hand, involves speculating on the possibility of a rise in value – buying at the current price and turning a profit when it gains value. CFD brokers are good because they offer risk management tools that allow you to trade both long and short by offering specific orders that mean you can exit the market despite the direction.

How do I start CFD trading?

You first need to learn about the basics and practice in the risk-free demo-trading environment. Proceed to choose the right platform and strategy and only invest what you can afford to lose.

What is the difference between CFD trading and Forex trading?

CFD trading is a comprehensive form of trade that covers virtually every investment market and class, Forex trading is, therefore, one form of CFD trading.

How much can I make as a CFD trader?

Several factors play a key role in determining how much you make as a CFD trader. These include the choice of a broker platform and their trading costs, your CFD trading experience, and the volatility of your preferred trading asset.

In what countries is CFD trading allowed?

CFDs are currently traded in the United Kingdom, Canada, Australia, Switzerland, New Zealand, throughout the EU, Russia, Japan, South Africa and other countries.

Brokers vary in what they offer their clients, there are lots of different trading conditions that brokers will offer, below we have pulled together the best brokers for each trading condition:

Copyright ©100Forexbrokers.com | All Rights Reserved

Do you know another Forex broker who offers Gold, Silver, Oil or CFD trading?
Please suggest by adding a comment below.

Admiral Markets Group consists of the following firms:

Admiral Markets Cyprus Ltd

Admiral Markets Pty Ltd

Admiral Markets UK Ltd

Reading time: 18 minutes

Are you looking for the best forex & CFD broker in 2020, and are unsure as to what details you should be looking out for? In this article, we will go over everything you need to know in order to choose the best forex broker for you. From the types of accounts, the instruments available, and even some of the warning signs you need to look out for to avoid scams.

What is a Forex Broker?

To begin trading foreign exchange currency, you need to first find a reliable forex broker. A forex (or FX for short) broker is a company that provides traders with access to a forex trading platform that enables them to buy and sell foreign currencies. Brokers provide these platforms to allow clients access to trade on the 24-hour forex market. They are mainly compensated through the ‘bid-ask spread’ of a currency pair.

Your first priority is to carry out research so you can make an informed decision as to which broker to trade with. You should also make sure they have a positive reputation, and whether they are able to meet your trading requirements.

The vast majority of forex brokers will permit prospective clients to test their services with a practice or demo trading account, so that traders can obtain a good understanding of what the system is actually like. It would be wise to test out many trading platforms prior to deciding which broker to use, to see which is the best for you.

The Primary Criteria for Choosing a Forex Broker

Here is a list of twelve important points that traders should consider when choosing a broker:

  • Range of Trading Instruments – It is beneficial to be able to invest in several financial markets at the same time. A good choice is to work with a forex broker that offers a wide variety of markets to trade on, such as CFDs on indices or commodities and cryptocurrencies, stocks, or ETFs.
  • Different Types of Trading Accounts – A good broker should offer you several types of accounts with different benefits for specific styles of trading, such as those with higher protections, or greater leverage or spreads, or different ranges of instruments.
  • Spreads – There’s nothing wrong about searching for a broker with the lowest spreads, but watch out for marketing techniques. A lower spread advertised on the website does not necessarily mean that you will continuously have the spread

    Looking for a competitive Forex broker by focusing on offerings of low spreads is not necessarily the best idea, as a displayed average spread does not guarantee that it applies to your specific type of order.

  • Optional Leverage – Forex is a market that is often traded with leverage. To manage a trading position and account, being aware of your leverage allowance is very important.
  • Order Execution Quality and Slippage – Having low spreads is a good start, but having orders executed at the asking price is an even more useful offer.
  • Allows for Scalping – If you are looking for high-frequency day trading, make sure the brokers you are considering do not place limits on trading styles. A scalping broker has no minimum period of time to wait between the market price, the stop-loss, and the take-profit.
  • Trading Platform – Choose a broker that offers a Forex & CFD trading platform that you are comfortable with, and that fits your individual needs. For example, Admiral Markets offers several options including MetaTrader 4 (MT4), MetaTrader 5 (MT5), MetaTrader WebTrader, and the MetaTrader Supreme Edition plugin for MT4 and MT5.
  • Custom Tools and add-ons – Good Forex brokers should offer valuable support for their traders. For instance, Admiral Markets created both the MT4 and MT5 Supreme Edition add-ons and made them available for its live Forex and CFD trading account, and its demo trading account. These tools aim to help Forex and CFD traders make more money, with less effort.
  • Forex Broker Regulation – It is important to open an account with a regulated broker.
  • Fund Security – Choose a Forex broker with bank accounts in Europe, in particular, with diversified bank accounts.
  • Customer Service – Having a FX broker that is dedicated to its customers is much more practical and reliable for traders.
  • Education – Forex brokers offer training sessions and education. For beginners in trading, it is essential to understand the trading terminology, so a broker with proper training tools is always a better choice. Admiral Markets offers several courses, including Forex 101, Zero to Hero, and a whole library of articles on Forex, trading CFDs, and trading in general.

Trade With Admiral Markets

If you’re feeling inspired to start trading, or this article has provided some extra insight to your existing trading knowledge, you may be pleased to know that not only does Admiral Markets exceed all the criteria above, but also provides the ability to trade with forex and CFDs on up to 80+ currencies, with the latest market updates and technical analysis provided for FREE! Click the banner below to open your live account today!

What Is the Broker’s Range of Instruments?

While there is a vast number of currencies accessible for trading, only a few receive a lot of attention, and attract the most traders and the highest profitable volatility. The major currency pairs include USD/JPY, EUR/USD, USD/CHF, and also GBP/USD. Forex brokers offer a wide choice of forex pairs, and you can choose from the most active, to more exotic pairs given your trading strategy.

Admiral Markets offers over 8,000 different instruments from a wide range of markets, for example. There’s a huge number of CFD trading instruments from forex, commodities, indices and more, as well as the ability to directly purchase and own stocks and ETFs.

Spreads, Commissions, and Leverage: the Cost of Trading

Every forex broker has a variety of account offerings (or account types) which offer different spread and leverage offerings. Let’s discuss leverage and margin. In Europe, Forex traders have access to a range of leverage amounts depending on the type of the account, up to 1:30 for retail clients and up to 1:500 for professional clients. Leverage is a loan extended to margin account holders by their brokers.

For example, by applying 1:50 leverage, a forex trader with an account size of $1,000 can hold a position that is valued at $50,000. Leverage works in the trader’s favour with winning positions, as the potential for profits is considerably amplified. However, leverage is capable of hastily destroying a trader’s account, because the potential for losses is increased as well. Keep in mind that leverage should only be utilised with caution.

Secondly, the other main significant offerings which affect your trading positions are spreads and commissions. A forex broker makes money through their stated commissions and spreads.

A broker that uses commissions may charge a percentage of a position’s size (having said that, this is more common with instruments like shares and share CFDs than Forex pairs).

Nonetheless, a lot of FX brokers advertise that they don’t charge commissions, and instead make their money with spreads, which are the difference between the bid and ask price of a currency pair. The wider the spread, the higher the charge (and the lower your potential profits). For instance, the spread could be a fixed spread of three pips, or the spread could be variable depending on market volatility.

Imagine that a EUR/USD quote of 1.3943 – 1.3946 has a three pip spread. This implies that once a market participant purchases at 1.3946, the position has already lost three pips of value, as it could solely be sold instantly for 1.3943. Therefore, the wider the spread, the more complicated it can be to make a profit. In fact, common trading pairs like the GBP/USD and EUR/USD will generally have tighter spreads than the more thinly-traded pairs.

A third cost is the initial deposit that an online Forex broker may offer. The majority of Forex accounts can be funded with a very limited initial deposit (even being as low as $50). Of course, with leverage purchasing power it can be considerably greater than the minimum deposit. That is one of many reasons why Forex trading is so appealing to new traders and investors. Many brokers offer standard, mini, and micro-accounts with changes in initial deposit requirements.

And the last cost is the ease of deposits and withdrawals. Every FX broker has their own account withdrawal, as well as funding policies. Brokers may permit account holders to fund trading accounts online via PayPal, simply with a credit card, or via ACH payment, not to mention wire transfer, bank cheques, or either business or personal cheques if specified. Usually, withdrawals can be made by cheque or by wire transfer. Brokers may, or may not, charge a fee for each service.

The Forex Broker’s Trading Platform

The trading platform is the investor’s portal to the market. As such, forex traders should make sure that the trading platform, and any kind of trading software, is simple to use and visually attractive. It also should have a range of technical analysis and fundamental analysis tools, and it should be easy to enter and exit trades without additional effort.

This point is crucial when considering how to choose a Forex broker worthy of your attention: a well-designed Forex trading platform will have simple ‘buy’ and ‘sell’ buttons – and some even have an emergency button that closes all of the open positions. A poorly designed user interface could lead to costly order entry mistakes, such as accidentally adding to a position rather than closing it, or going short when you meant to go long.

These discrepancies and mistakes can make your trading process unprofitable and emotionally draining. Be sure to choose a reliable one such as MetaTrader 4, as it is the most popular choice amongst the best Forex brokers. Other considerations to include are: the ability to customise, order entry types, automated trading options, backtesting, strategy builders, and also trading alerts. Most brokers offer free demo trading accounts so that Forex traders can try out the trading platform without any risk, before they move to live market trading.

The MT4/MT5 Supreme Edition Overview (MT4/MT5 SE)

Admiral Markets’ Supreme Edition plugin is a first-class add-on package that offers dozens of unique tools to empower trading decisions. No matter if you are an experienced trader or a beginner trader, SE is an invaluable tool for helping you make informed trading decisions. Here is the list of exclusive indicators available in the MT4/MT5 SE package:

Source: MetaTrader 4 Special Edition Add-on

It’s interesting to note that MT4/MT5 SE is client-driven, as Admiral Markets’ clients have also helped to develop the tool. For example, the ‘Correlation Matrix’ is a tool that is unique to Admiral Markets traders, developing data from its clients. The Correlation Matrix provides invaluable and in-depth market information across all currency pairs in different time-frames.

This will enable you to make informed decisions that significantly mitigate the risk involved when planning your trading. (Additionally, it is recommended that all traders implement risk management strategies within their trading, to ensure that they are managing the risks effectively.)

The Supreme Edition is not just a simple trading solution. It offers more complex tools such as the Admiral Renko indicator, that also offers extensive customization of the standard Renko indicator.

For instance, with the Admiral Markets Renko indicator you can modify:

  • Renko block size inpips – sets the size of the Renko blocks
  • Symbol pip size – sets the pip size of the instrument
  • Colour for up and down blocks – customises the colour of the Renko blocks
  • Draw blocks as continuous – adjusts whether the blocks are continuous or not
  • Target lines for next blocks – changes the style of the indicator lines
  • Draw on top of the chart – decides whether Renko blocks appear in the foreground or the background
  • Alerts on new blocks – sets up alerts for when new blocks are being drawn
  • Round the starting price – decides whether the starting price should be rounded
  • Maximum historic blocks – sets the number of blocks displayed at one time
  • Build Renko data from history period – decides the time-frame over which the Renko indicator is calculated
  • CSV/TSV log – decides whether to keep a log file by inputting a file name and choosing a format.

For a brief overview of what the Supreme Edition plugin has to offer, why not read more with our guide: MT5 Supreme Edition Indicator Package

MetaTrader Supreme Edition – Admiral Markets

Do you want to now take advantage of the Supreme Edition? Now you can trade with MetaTrader 4 and MetaTrader 5 with an advanced version of MetaTrader that offers excellent additional features such as the correlation matrix, which enables you to view and contrast various currency pairs in real-time, or the mini trader widget – which allows you to buy or sell via a small window while you continue with everything else you need to do.

Download it for FREE today by clicking the banner below!

Regulated Brokers: How to Find an FCA Regulated Broker

Next, you should check if your Forex broker is authorised and regulated by the Financial Conduct Authority (FCA). Today, there are many scams on CFD trading websites, and very often these sites have regulations that are not very rigorous, or they are not regulated at all. For instance, with the European passport, any financial company registered in one of the countries within the European Union has the right to offer brokerage services in other countries without the need for additional agreements.

The FCA is one of the strongest European authorities in regulation, and every broker under their compliance has that certification displayed at the forefront of their website.

If you are looking for the best Forex brokers online, a professional-looking website does not guarantee that the broker is a trusted one. A major advantage of a UK broker is the Financial Services Compensation Scheme (FSCS), a system that guarantees its customers’ funds up to the amount of 50,000 GBP, should the broker go bankrupt. The FSCS is the last resort compensation fund. They also protect banks, building societies, credit unions, etc. That’s why having the best UK forex broker should be your first choice when you decide to trade.

How Important is Regulatory Compliance for Brokers?

If a Forex and CFD broker is regulated, they will state this on their website, along with the license number they hold with that regulator. This more detailed type of information will most commonly be found in the ‘about us’ section, as well as in the website footer. Note that there are different regulatory bodies in different regions, so a good rule of thumb is to ensure that the FX broker you are considering is authorised and regulated by the regulator in their regions of operation.

For instance, in the UK a reputable FX broker will be officially authorised and regulated by the Financial Conduct Authority (FCA). Additionally, brokers in the EU should act according to the guidelines of ESMA – the European Securities and Markets Authority. In Australia, the key regulator is the Australian Securities and Investments Commission.

Owing to potential concerns regarding the safety of particular deposits and the integrity of the broker, all accounts should only be opened with companies that are properly regulated.

Forex Customer Service: What Can You Expect in Terms of Customer Support?

FX trading involves the movement of a lot of currency in a short period of time, so a local broker’s customer support must be available at short notice. It should also be easy to actually speak to an actual person, rather than just a time consuming and frequently frustrating auto-attendant.

When considering which is the best forex broker, a quick call can give you an idea of the kind of customer service that they provide, the wait times, and also the representative’s capability to answer questions about spreads, regulations, leverage, and company details in a concise manner. At Admiral Markets, for instance, we have some customer support representatives with over 16 years of trading experience who know the trading platform, and the markets, inside out.

Other details to consider include how long they have been an FX broker and the actual size of the broker’s trade volume. As you well know, larger brokers mainly have access to better execution and prices.

Admiral Markets is a global company with customer support available at over 20 local offices and languages across the world. Support is available during trading hours and more, through phone, email, and live chat with a knowledgeable person ready to answer all your questions.

Beware of Scams, False Information, and Privacy Violation

Unfortunately, many people incorrectly associate forex trading with scams. The problem is that there is an increasing number of unscrupulous companies marketing false information. The number of Forex-related scams has significantly increased over the last few years, so it’s important for you to be able to identify a hoax. After all, Forex trading should be a potentially profitable experience.

When traders register with a particular broker, they should expect their personal data to be protected, (i.e. not passed to third parties). When someone you don’t know contacts you via your personal phone number, for example, the entity that gave your information to them has violated your privacy. Why? Because you haven’t allowed your data to be publicly available. Some brokers even buy stolen trader databases, so they can contact the listed people worldwide.

Why Choose Admiral Markets?

As discussed earlier in this article, you will find a lot of reviews on Forex brokers and all kinds of online Forex broker rankings. When it comes to online Forex trading and CFD trading, as well as dealing with Forex brokers and CFD brokers, you should always trust yourself, deciding who is the best Forex broker and who is the best CFD broker will ultimately come down to you.

Admiral Markets offers over 8,000 unique instruments to trade, with industry-leading offers in spreads, low commission, as well as negative balance protection in order to give clients the best possible experience and chances for success. Over 100,000 traders have chosen Admiral markets as their broker, and it’s thanks to their continued faith in the product and offering that Admiral Markets has been given numerous awards.

Admiral Markets has won awards in several categories:

  • Best Sell-Side Analysis 2020 by FXstreet.com
  • Best Video Podcast 2020 by FXstreet.com
  • Best Forex Broker 2020 and CFD Broker 2020 in Germany
  • “Best Service” CFD Broker 2020 by the German Institute of Customers (DKI)
  • Best Forex Educator 2020 by UK Forex Awards
  • FxCuffs competition 2020 and 2020

Admiral Markets UK Ltd. is a regulated broker, and you can read reviews of the services provided on the FPA website.

Admiral Markets also offers extensive educational resources, such as free webinars where you can learn to trade from the experts, successful professional traders discussing market movements and the fundamentals of trading. As well as an extensive library of educational articles for you to learn every detail, strategy, and fact about the industry and market.

If you have confidence in your Forex broker, you will be capable of devoting considerably more time and precious attention to analysis and developing various FX strategies. Research prior to committing to a specific broker can go a long way, and can improve a trader’s odds of being successful in the competitive foreign exchange market.

Forex Trading With Admiral Markets

If you’re ready to apply all this knowledge and take your trading to the next level, the Admiral Markets live account is the perfect place for you to do that! Trade Forex & CFDs on 80+ currencies, choosing from a range of Forex majors, Forex minors, and exotic currency pairs, with access to the latest technical analysis and trading information. Trade the right way, open your live account now by clicking the banner below!

About Admiral Markets

Admiral Markets is a multi-award winning, globally regulated Forex and CFD broker, offering trading on over 8,000 financial instruments via the world’s most popular trading platforms: MetaTrader 4 and MetaTrader 5. Start trading today!

This material does not contain and should not be construed as containing investment advice, investment recommendations, an offer of or solicitation for any transactions in financial instruments. Please note that such trading analysis is not a reliable indicator for any current or future performance, as circumstances may change over time. Before making any investment decisions, you should seek advice from independent financial advisors to ensure you understand the risks.

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