Forex Facts for Traders
Forex Facts for Traders Successful forex traders make modest gains Most of the …
Exallt review, Learn more about this Brokerage
-
Large Education Section: yes
-
Demo Account: yes
-
Comprehensive Website:
-
Account Manager:
Exallt Review and Broker Profile
Our exallt review discovered that it holds a trustworthy reputation despite being a new broker.
This trustworthy broker provides you with 50+ currency pairs ( Major, Minor and exotic) and several Crypto assets, making it a better choice for Forex and cryptocurrency than its competitors. The maximum offered leverage of 1:300 on Forex trades also helps you maximize your profit potential.
Exallt’s top-rated safety features, fund protection measures, and quality customer support team impressed our exallt.io review team. Its quality training courses, easy-to-use Easytech platforms, demo accounts, and straightforward account set-up process make it perfect for beginner traders.
Exallt’s Background and Safety Measures
Our exallt broker review found that this company started operations in 2023 and has headquarters in St Vincent and the Grenadines.
Alongside this license, this broker also has solid fund protection mechanisms, including:
- Negative balance protection protects your leveraged positions against steep price downfalls.
- Account segregation, which stores your funds in separate bank accounts.
- Latest technology for online account security.
The broker uses SSL encryption to protect the data transferred to and from its SAS-70-certified servers. They also ensure all transactions are secure using Level 1 PCI compliance services. This impressed our exallt review team, showing that the brokerage takes your trading safety seriously.
As for financial instruments, you can trade at exallt, and we found 450+ CFD assets. The categories of these are:
- Currency pairs
- Cryptocurrencies
- Stocks
- Indices
- Metals
- Energies
The variety of trading instruments gives you opportunities to diversify your portfolio. However, the benefits of trading with exallt.io don’t stop there.
Exallt doesn’t charge instrument and account-related fees or deposit and withdrawal fees. Instead, it only charges spread and swap fees. The commission levels that come with these instruments are very competitive.
Then there’s leverage, which goes up to 1:100. There are also two other margin steps with 1:200 for the silver account and 1:300 for the gold account.
However, keep in mind that there is an activity fee. This begins after 30 days of inactivity and initially costs €850.
This fee is super easy to avoid. All you need to do is open or close a position to validate your account as active. Our exallt broker review team agrees that the benefits of trading with this broker outweigh this avoidable inactivity fee.
Available Account Types at exallt
You can easily set up your trading account with exallt in minutes, but which is the right option for you? There are four choices:
You can compare all types of accounts in the following chart:
| TEST ACCOUNT | STANDARD ACCOUNT | PRO ACCOUNT | VIP ACCOUNT | |
|---|---|---|---|---|
| MINIMUM DEPOSIT | $5,000 | $25,000 | $100,000 | $250,000+ |
| ORDER EXECUTION | Instant | Instant | Instant | Instant |
| ACCOUNT CURRENCY | USD, EUR, GBP | USD, EUR, GBP | USD, EUR, GBP | USD, EUR, GBP |
| ACCOUNT MANAGER | yes | yes | yes | yes |
| SPREAD, PIPS | Fixed | Fixed & Floating, Variable | Fixed & Floating, Variable | Fixed & Floating, Variable |
| QUOTATION (NUMBER OF MARKS AFTER POINT) |
5 marks | 5 marks | 5 marks | 5 marks |
| LEVERAGE | 100 | 200 | 300 | 400 |
| MAX. TRADE SIZE | 10 lots | 40 lots | 50 lots | 100 lots |
| RE-QUOTES | None | None | None | None |
| MARGIN CALL LEVEL | 40% | 40% | 40% | 40% |
| STOP OUT LEVEL | 30% | 30% | 30% | 30% |
| TRADING PLATFORM | all devices | all devices | all devices | all devices |
| CUSTOMER SUPPORT | 24/5 support | 24/5 support | 24/5 support | 24/7 support |
These live trading accounts have beneficial terms and conditions and are available as Islamic accounts. This type of account eliminates interest rate charges on trading positions to cater for Muslim traders.
Exallt Account Types
Our review of exallt Forex broker also discovered that it gives you access to a demo account loaded with USD 100,000 virtual funds. This great tool lets you practice different trading methods to hone your trading skills without risk.
How To Make Deposits and Withdrawals
Once you’ve created a retail account with exallt.io, the next step is to deposit to fund your trading. The broker gives you plenty of payment methods to make that minimum deposit of 5000USD. These include:
- Credit/debit cards (Visa, Mastercard, Maestro)
- Wire transfer
- Bitcoin
Exallt imposes no commission fees on either deposits or withdrawals. This means you get the same amount of money you initially deposited or withdrawn.
As for transaction times, this broker usually processes deposits instantly, whereas you need to wait up to seven working days to receive withdrawals.
Exallt Trading Platforms
This exallt review found that the broker gives you access to the easytech trading software – Desktop, WebTrader and Mobile Trader – that sync together effortlessly so you can switch between them when trading. Each one offers:
-
Exallt solutions
WEBTRADER
Rich in functionality, optimised for web browser performance, and ultimately secure. This is what Exallt webtrader is all about. Access your account from any device through a web browser with login credentials. The web version provides a complete trading toolkit.Desktop trader
For those traders who seek the ultimate security and protection, Exallt offers a desktop trader. Install the application to your PC and enjoy high performance and a complete suite of features developed for successful trading.Mobile trader
Exallt mobile trader lets you stay active 24/7, being able to respond to the slightest market changes no matter where you are. Exallt platform ensures the lightning-fast processing of transactions due to the latest technologies in its core.Exallt trading platform features:
- Instant overview of real-time market prices, spread, and margin in a simple and logical design.
- Asset performance analysis within different time-frames: from tick-to-tick to month-to-month.
- Comparative asset performance analysis and live charting options to view the market in real-time.
- In-depth asset performance analysis applying key indicators to trade wisely and risk-free.
- Stable and effortless trading due to the latest technologies optimised for the trading process.
How Do You Contact the Broker?
When it comes to customer experience, exallt gives you quality service through three different channels:
- Email support: [email protected]
- Phone call: +442086382873
- Through social Media accounts on Facebook, Twitter & Instagram
We conducted a review of exallt forex broker’s customer support team. We found it available Monday to Friday between 04:00 AM – 02:00 PM GMT and provides in-depth answers quickly.
Exallt: Our Verdict
Our review above shows, exallt is a trustworthy brokerage that provides safe and professional service. This broker offers you the chance to trade 450+ financial instruments with zero added commissions and gives you a leverage of up to 1:300 on forex trades.
Frequently Asked Questions from exallt
How can I sign up for exallt.io?
Our exallt review found that to sign up. You need to go through the following process:
- Enter your personal information: full name, date of birth, and employment details
- Verify the information by uploading your national ID/Passport/driver’s license and utility bill/bank statement
- Deposit the account
Once verified, you can use its award-winning software to trade hundreds of assets.
Is exallt safe?
Yes, it’s completely safe to trade with Exallt.io. It also has three different fund protection mechanisms to give you peace of mind when trading its 450+ CFD assets.
How much money do I need to trade with exallt?
The minimum deposit requirement at exallt is 5000 USD. This applies to all four live accounts. We always advise that you check the broker’s banking terms and conditions to make sure you choose the best account.
Does exallt charge commission fees?
The primary commission at exallt is a bid/ask spread, although it goes down to 0.05 pips. There are also swaps, which also receive discounts. Apart from this, exallt.io doesn’t charge you extra commission fees.
What products can I trade with exallt.io?
Exallt lets you trade over 450+ financial instruments with all account types. These include currency pairs, cryptocurrencies, stocks, indices, metals and energies.
Exallt review, Learn more about this Brokerage - Broker Specs
Company Information
| Headquarters | First floor, First St.Vincent and the Grenadines, Bank Ltd Building, james street, Kingstown, St Vincent and the Grenadines |
| Website: | https://www.exallt.io/ |
Account Options
| 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 | Market Maker |
| Account Currencies: A foreign exchange account, or Forex account, is used to hold and trade foreign currencies. Typically, you open an account, deposit money denominated in your home country currency, and then buy and sell currency pairs. so most brokers offer the larger currencies like the USD , GBP and EUR , some have others also depending on their locations and regulation | EUR, USD, GBP |
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. |
Mastercard, Visa, Wiretransfer, Bitcoin |
Trading Software
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 |
Trading
| 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. |
|||||||||||||
|
Guaranteed Stops
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. |
|||||||||||||
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. |
|||||||||||||
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. |
|||||||||||||
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. |
|||||||||||||
| 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. |
|||||||||||||
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 | ||||||||||||
|
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. |
|||||||||||||
| Additionally | Swap Free Accounts ( Islamic Account) |
Customer Service
| Supported Languages: | English, Spanish |
| Support / Service Hours: | 24hrs/ 5 days |
| Live Online Support: | |
| Phone Trading Available: |
Bonuses & Promotions
|
Deposit Bonus
When you decide to start trading Forex (FX) online, you will of course need to select a good broker. While traders will look for many useful features when choosing a Forex broker, they will also come across a lot of aggressive advertisements from various FX brokers, that will try to entice new traders with an attractive Forex deposit bonus.
n general terms, a bonus is simply a way of compensating traders for choosing a certain broker. Once a person has opened an account with a Forex broker, they will be trading currency pairs, and will have to incur the same expenses as any other trader. The bonus is just a way for the broker to reward the trader’s choice, and give all or some of these expenses back to the trader, once they have proven themself as an active one.
How Does a Forex Deposit Bonus Work? There are many bonuses offered by brokers, with some of them being given to you post-trading, and others being deposited to your account as soon as you have completed a deposit. Bonuses that are known as rebates are credited to your account once you have completed a trade, while regular bonuses may require you to carry out quite a number of trades first. So how does the Forex deposit work? As this is a deposit bonus, a trader has to of course make a Forex deposit via an account manager, after they have accepted the terms & conditions and have successfully applied. Usually, once the account has been deposited, it may take a few hours (or days, in some exceptional cases) to actually receive the bonus on your account. Once the bonus is there, a trader may start opening and closing positions with the aim to trade the required volume, in order to claim the bonus as their own property. Once a trader has completed the required volume, the bonus money can be transferred from the broker to the trader. After this, a person can do whatever they want with these funds. |
no |
| First Deposit Bonus How To Receive A Hefty Forex Deposit Bonus? Forex deposit bonuses come in different shapes and sizes. Although some Forex brokers offer large bonuses and promotions to rope in clients, Forex bonuses are usually not as popular as in other industries such as binary options trading, spread betting, and sports betting. Unlike gaming or gambling websites, Forex trading is a legitimate business idea that allows an investor to make informed decisions on the market and earn a stable and steady income. Although professional traders stay away from Forex bonuses, amateur, and intermediate traders may find bonuses to aid them in their journey towards building a successful trading portfolio. What Are The Usual FX Bonuses Available For Trading Forex deposit bonuses start from as low as 5% of the deposit amount to as high as 100% of the initial deposit. Some brokers also offer up to 200% or an even larger numbers, but a majority of mainstream brokers limit the amount of bonus to a 100% maximum. These bonus structures are usually dependent on the amount of deposit, the type of account, and the credibility of the broker. According to industry norms, trusted and reliable brokers often offer fewer bonuses when compared to other lesser-known brokers. On the other hand, the availability of a bonus or the lack of it alone is not entirely representative of the quality and reliability of an FX company. Some FX brokers also offer a free no-deposit bonus that allows traders to start trading without making an initial deposit. Such no-deposit bonuses are ideal for traders to enjoy a risk-free environment where they can evaluate the real-life results of their trading strategies without putting their hard-earned money on the line. No deposit bonuses are also excellent alternatives to demo accounts, as demo accounts are mostly incapable of replicating the actual emotions and psychology of trading on a large scale. No deposit bonuses start from $1 to as high as $1000; however, there might be several restrictions when it comes to withdrawing profits made through such bonuses. | no |
| Trader competitions |
Exallt review, Learn more about this Brokerage - Reviews
Top Rated
Recent Compares
Skip to content