Forex Facts for Traders
Forex Facts for Traders Successful forex traders make modest gains Most of the …
The forex broker Equaledge is a new independent fresh forex broker service provider. The company is headquartered in St Vincent and the Grenadines and does not have regulation by the Cypriot financial regulator CySEC or any other European entity. They keep a strict KYC, AML and segregated accounts policy to compensate for the lack of a European Regulation.
The broker offers multiple trading accounts.
One of the advantages is that requotes and slippage are excluded. The broker itself requires depositing an amount of 5,000 euros into the trading account. In addition to euros, the account can also be held in US dollars, Swiss francs or British Pounds. Spreads are fixed and variable and start from 0.9 pips according to our Equaledge experience.
Trading is possible from as little as 0.01 lot, which is why the broker is also very suitable for beginners. The maximum leverage is slightly higher compared to other brokers. However, most traders should be able to cope with leverage of 1:100. The margin call is only made at 30 percent, the stop out at 20 per cent. According to our Equaledge experience, there is no obligation to make additional payments. Thus, the possible loss is limited to the capital employed.
The trading account can be opened online with Equaledge quickly and easily. The requirements are no different from other providers. Investors must be at least 18 years old and must not be a U.S. residents. The following is a small step-by-step guide to ensure that the registration process goes smoothly.
Step 1
The first step is to fill out the form accessible from the home page. First, name, e-mail address and telephone number are requested. In addition, generate a password for the login.
Step 2:
After submitting the form, you will be taken directly to the complete online form. Enter the missing personal data here.
Step 3
In the further course of registration, information about the financial and professional status as well as previous trading experience will be requested.
Step 4
To fully unlock the trading account, traders must finally verify themselves. To do this, the broker requires some proof. In addition to a copy of the identity card or passport, a current invoice from the energy supplier is uploaded as a certificate of address. This must not be older than three months. Once the documents have been verified, the trading account will be fully available. According to our Equaledge experience, this is done within two working days at the latest.
In addition to the classic bank transfer, deposits can also be made via Visa and Mastercard as well as Bitcoins! The Equaledge experience shows that the broker checks the documents very carefully when signing up for the first time. Therefore, the credit may take a little more time. Otherwise, the broker can score with very short processing times. For example, withdrawal requests are often processed within twelve hours. It can take a total of three working days for the account or credit card to be credited. Another plus point is that Equaledge does not charge any fees for deposits and withdrawals.
The trading platform is also an important quality criterion for forex brokers. At Equaledge, clients can look forward to the popular Easytech Trading platform. The software offers a variety of features and thus enables very professional trading. Thanks to numerous indicators, comprehensive analyses can be carried out and the current prices and stock market quotations can always be kept in view. The scope of services includes free real-time push courses as well as the possibility to set up the trading screen according to your wishes.
However, the trading platform is not just for professional traders. Thanks to the clear platform and intuitive operation, even beginners can find their way around the software relatively quickly.
The equaledge trading platform offers the widest range of features and the best execution speed, especially as download variants. However, there is also a browser-based version. In comparison, it is much more flexible, as users do not have to download it, but can open it directly in the browser and thus from any PC in the world.
Unfortunately, there is only the English-speaking support at Equaledge. In addition, there is no telephone number with European area codes available as a contact option. At least there is the possibility to arrange a callback. However, it is not possible to specify an exact desired date.
For urgent matters, it is therefore a good idea to contact us via WhatsApp chat. Here, an employee gets in touch quite quickly. In terms of friendliness and competence, there is little to complain about Equaledge’s support. The employees are always eager to solve problems quickly. However, this does not always succeed. Sometimes you have to wait some time for a call back from the responsible department. Of course, less urgent matters can also be clarified by e-mail. The response is usually given within one working day. Overall, Equaledge’s experience with support is positive. but like in every case, there is always room for improvement.
You can trade over 450 different assets divided into the 5 most traded asset categories
In the big Equaledge test, the Forex broker showed mostly average performance. The trading accounts are designed to meet the needs of both beginners and professional traders. The trading offer is good and the conditions are also at a level acceptable to the client. There is still room for improvement in customer service and the information content of the website.
Headquarters | Richmond Hill Road, Kingstown, St Vincent and the Grenadines |
Website: | https://www.equaledge.co/ |
Account Type: Flexible account types give you the option of choosing a pricing model that best suits your trading style. most have accounts that are Ideal for traders who want a traditional, spread pricing, currency trading experience or For traders who are seeking ultra-tight spreads with fixed commissions. and even some that are designed for serious high-volume FX traders looking for maximum control as a trader you have to decide what you need and find the broker tat provides that | No Dealing Desk, Market Maker |
Spreads:
What is spread in Forex?It is basically the difference between buying and selling prices of the assets you are currently trading. For example, let’s imagine a USD/JPY trade. In this pair’s case, we are buying JPY with USD, so we need to calculate accordingly. The market is requesting a price of 109.77 JPY per USD, so we buy. There’s another person trying to sell his USD and he is seeing a price of 109.79 JPY per USD. Once the trade goes through each trader gets the according amount and the spread comes in to be at 2 pips. So 109.79-109.77= 0.02. But what is a spread in Forex trading? Why is there a gap between these prices? Well, it’s quite simple. The spread is usually an income source for the broker. Every broker has a “liquidity provider” who directs the trades to the market and helps both the broker and the trader make payouts.Those liquidity providers have their own spread as well, so if the broker wants to have at least some income, they either have to charge commissions on the traders, or mark the spread up. |
Variable Spreads, Fixed Spreads |
US Clients Accepted: | |
Deposit Methods:
Deposit Methods Planning to trade forex online? After you choose a broker and register an account, your very next step before you can trade will be to deposit funds. Most brokers offer a wide variety of deposit methods for your convenience. This article will help you understand deposit methods more fully so that you can choose the one which is best for your needs. This is an essential step to take if you want to keep your trading experience smooth, affordable and hassle-free. What is a Deposit Method? A deposit method is simply a means which is used to deposit money into your forex trading account. A related term is “withdrawal method,” which is the means used to withdraw money from your forex account. In many cases, the method you use for depositing money will also double as your withdrawal method. Most forex brokers provide a list of deposit and withdrawal methods they accept on their banking pages. There you should also be able to view transfer times and fees. Common Deposit Methods for Forex in 2021 In 2021, many different deposit methods are accepted for forex. Here are a few: Credit or debit card Bank transfer E-wallet (i.e. PayPal, Skrill, etc.) Prepaid cards (i.e. paysafecard) Check or money order Bitcoin or other cryptocurrencies On our site, you may read through detailed articles on all of these deposit method categories, as well as popular providers in each. Note that not all forex brokers offer the same list of deposit methods. Some may accept only a few different methods, while others may provide dozens of options. Fees, transfer times, and other details also may vary from one broker to the next. For that reason, it is very important to check out the banking information for any broker you are thinking of using before you sign up. |
Bitcoin, Wire transfers, Visa, Mastercard |
Trading Platforms
What Is a Trading Platform?A trading platform is software used for trading: opening, closing, and managing market positions through a financial intermediary such as an online broker. Online trading platforms are frequently offered by brokers either for free or at a discount rate in exchange for maintaining a funded account and/or making a specified number of trades per month. The best trading platforms offer a mix of robust features and low fees. There are two types of trading platforms: prop platforms and commercial platforms. As their name indicates, commercial platforms are targeted at day traders and retail investors. They are characterized by ease-of-use and an assortment of helpful features, such as news feeds and charts, for investor education and research. Prop platforms, on the other hand, are customized platforms developed by large brokerages to suit their specific requirements and trading style. |
Easytech |
Supported OS: | Windows, Windows Phone,, Android, iPhone |
Instruments- Range of Market Range of Market what are you able to trade here and what are the different financial asset categories that this broker offers, for example do they offer trading cryptocurrency or do they not, do they offer trading in gold etc. what are the majors and exotic pairs they have , | Forex, Indices, Precious Metals, Oil, Commodities, CFD Stocks, Cryptocurrencies | ||||||||||||
Automated Trading Automated trading is a method of participating in financial markets by using a programme that executes pre-set rules for entering and exiting trades. As the trader, you’ll combine thorough technical analysis with setting parameters for your positions, such as orders to open, trailing stops and guaranteed stops. Auto trading enables you to carry out many trades in a small amount of time, with the added benefit of taking the emotion out of your trading decisions. That’s because all the rules of the trade are already built into the parameters you set. With some algorithms, you can even use your pre-determined strategies to follow trends and trade accordingly. | No | ||||||||||||
Hedging Allowed Hedging with forex is a strategy used to protect one's position in a currency pair from an adverse move. It is typically a form of short-term protection when a trader is concerned about news or an event triggering volatility in currency markets. There are two related strategies when talking about hedging forex pairs in this way. One is to place a hedge by taking the opposite position in the same currency pair, and the second approach is to buy forex options. | |||||||||||||
Scalping Allowed
ScalpingScalping, when used in reference to trading in securities, commodities and foreign exchange, may refer to either a legitimate method of arbitrage of small price gaps created by the bid–ask spread, or a fraudulent form of market manipulation. How scalping worksThis section does not cite any sources. Please help improve this section by adding citations to reliable sources. Unsourced material may be challenged and removed. (March 2010) (Learn how and when to remove this template message) Scalping is the shortest time frame in trading and it exploits small changes in currency prices.[1] Scalpers attempt to act like traditional market makers or specialists. To make the spread means to buy at the Bid price and sell at the Ask price, in order to gain the bid/ask difference. This procedure allows for profit even when the bid and ask don't move at all, as long as there are traders who are willing to take market prices. It normally involves establishing and liquidating a position quickly, usually within minutes or even seconds. The role of a scalper is actually the role of market makers or specialists who are to maintain the liquidity and order flow of a product of a market. The profit for each transaction is based only on a few pips (basis points), so scalping is typically conducted when there are large amounts of capital and high leverage or there are currency pairs where the bid–offer spread is narrow. |
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Guaranteed Stops
What is a guaranteed stop?
Guaranteed stops
One way to ensure your stop is executed exactly where you specify is by placing a guaranteed stop. Guaranteed stops work in the same way as basic stops, except that they will always be filled at the level you set, even if prices move rapidly or gapping occurs.
If your guaranteed stop is triggered, you will incur a fee known as the stop premium on the closing of the trade.
To set a guaranteed stop on your deal or order ticket, click the drop-down arrow under ‘Stop’ and select ‘Guaranteed’.
Costs of a guaranteed stop
The stop premium varies depending on the market you are trading, and you’ll only be charged if the stop is triggered. You can see the guaranteed stop cost before opening a deal, as the stop premium will display near the bottom of the ticket. This premium is held separately alongside the margin, and if triggered will appear as an itemised charge in your history and overnight statement.
Benefits of using a guaranteed stop
In the event of a sudden, rapid market movement, an example of how a guaranteed stop can act like an insurance is shown below.
Let us consider three different clients, A, B and C, using different methods to manage their account.
All three clients have an open buy trade of £10 per point of USD/JPY at 11027.5. During the sudden fall in the value of USD/JPY on 2 January 2019 – known as a ‘flash crash’ – most clients were closed out at 10686.4, while the pair bottomed out at 10472.7. Here’s the impact on the three accounts:
Comparing the scenarios above, client A, who placed a guaranteed stop on their position, has greatly minimised their losses compared to clients B and C. If the flash crash had not happened, and the guaranteed stop had not been triggered, there would have been no impact on client A as the guaranteed stop premium would only have been charged if the stop was triggered.
Why am I unable to edit my guaranteed stop?
Generally, guaranteed stops can be edited after you add them. However, there are some scenarios in which you won’t be able to edit your guaranteed stops:
1. The market is closed
When the market is closed, you can only move your guaranteed stop further away (increasing your guaranteed stop distance). You will not be able to move your guaranteed stop nearer. 2. An increase in the minimum guaranteed stop distance During periods of increased or expected market volatility, we may increase the minimum guaranteed stop distance as compared to the initial guaranteed stop distance. In such situations you will have to adhere to the new guaranteed stop distance when amending your guaranteed stop. |
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Trailing Stops
What Is a Trailing Stop?A trailing stop is a modification of a typical stop order that can be set at a defined percentage or dollar amount away from a security’s current market price. For a long position, an investor places a trailing stop loss below the current market price. For a short position, an investor places the trailing stop above the current market price. A trailing stop is designed to protect gains by enabling a trade to remain open and continue to profit as long as the price is moving in the investor’s favor. The order closes the trade if the price changes direction by a specified percentage or dollar amount. A trailing stop is typically placed at the same time the initial trade is placed, although it may also be placed after the trade. |
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Interest on Margin
Interest on MarginA profit margin is a measure of how much money a company is making. In the world of futures trading, margin is a deposit that an investor puts down in order to enter a position. Meanwhile, in stock trading, margin is money borrowed from a broker. Beware before taking out one of these loans, however, as money borrowed in margin accounts will incur interest charges.Types of MarginMargin in the futures market is a lot different from margin in equities trading. In futures trading, margin is a deposit made with the broker in order to open a position. The amount is a fixed percentage—usually between 3% and 12%—of the notional value of the contract. There are no interest charges to the customer on futures margin because it is not a loan. |
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Negative Balance Protection
What is the negative balance protection?Negative balance protection means that you can't lose more than your deposited money, i.e. you won't owe money to the broker. Let's say you deposit $1,000 to your account and you buy a share with 5:1 leverage. In this case, you will have a position of $5,000. If there is a market turbulence and your share price drops 7%, you will suffer a 35% loss due to your leverage. This is $1,750 loss in dollars. This loss will eat your $1,000 deposited money and a further $750 which you will owe to the broker. If you do this transaction at a broker which provides a negative balance protection, your loss can't be bigger than the deposited $1,000. |
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Phone Trading Available: | |||||||||||||
Social / Follow Trading
Social TradingSocial trading is a form of investing that allows investors to observe the trading behavior of their peers and expert traders. The primary objective is to follow their investment strategies using copy trading or mirror trading. Social trading requires little or no knowledge about financial markets, and has been described as a low-cost, sophisticated alternative to traditional wealth managers by the World Economic Forum. |
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Spreads:
What is spread in Forex?It is basically the difference between buying and selling prices of the assets you are currently trading. For example, let’s imagine a USD/JPY trade. In this pair’s case, we are buying JPY with USD, so we need to calculate accordingly. The market is requesting a price of 109.77 JPY per USD, so we buy. There’s another person trying to sell his USD and he is seeing a price of 109.79 JPY per USD. Once the trade goes through each trader gets the according amount and the spread comes in to be at 2 pips. So 109.79-109.77= 0.02. But what is a spread in Forex trading? Why is there a gap between these prices? Well, it’s quite simple. The spread is usually an income source for the broker. Every broker has a “liquidity provider” who directs the trades to the market and helps both the broker and the trader make payouts.Those liquidity providers have their own spread as well, so if the broker wants to have at least some income, they either have to charge commissions on the traders, or mark the spread up. |
Variable Spreads, Zero Spreads, Fixed Spreads | ||||||||||||
Trading Signals Provided
A forex signal is a suggestion for entering a trade on a currency pair, usually at a specific price and time. The signal is generated either by a human analyst or an automated Forex robot supplied to a subscriber of the forex signal service. Due to the timely nature of signals, they are usually communicated via email, website, SMS, RSS, tweet or other relatively immediate method. In many jurisdictions signal services need to be registered with the authorities. |
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Additionally | Swap Free Accounts ( Islamic Account) |
Supported Languages: | English |
Support / Service Hours: | 24hrs/ 5 days |
Live Online Support: | |
Phone Trading Available: |
Trader competitions |