Forex Facts for Traders
Forex Facts for Traders Successful forex traders make modest gains Most of the …
Stockscale Review and Broker Profile
Stockscale Review and Broker Profile
Launched in 2022, Stockscale is a newly established online retail broker that lets you trade the markets via user-friendly platforms. They offer clients around the globe a decent selection of more than 400 trading instruments across different asset classes such as forex, stocks, shares, commodities, precious metals and cryptocurrency. You can trade hundreds of financial instruments with low spreads from just 0.7 pips and commission free accounts are available if you need them for your trading strategy. I think they can be a good choice for anyone looking to get convenient access to the global markets across all of your devices with minimal hassle. Y
Operating Hamilton Development, Unit B, Charlestown, Nevis, West Indies., Stockscale is a multi-asset brokerage firm that is focused on providing clients with the best trading environment possible. The broker provides you with the popular Easytech trading platforms to help ensure seamless access to over 400 financial markets.
After a quick search, you will find that there is a some learning materials and helpful trading tools on their website. They give you access to trade online with extremely competitive trading conditions, such as low spreads from just 0.7 pips, zero commission fees, leverage of up to 1:400, around the clock support, flexible account types and convenient funding options.
The minimum deposit amount required to start trading is $5000 whereas free demo accounts are available if you wish to practice trading online before committing to a real live account. I always prefer using a demo account first before a real account with any broker. It is a good way to understand their trading conditions with no risk.
It is quick and easy to open an account to get instant access to the top markets of the world. As a service-focused, global online trading brokerage, they offer services to 120 countries and regions. I found them to be quick and helpful to respond to my questions I had when reviewing their service.
Stockscale Trading Conditions
Stockscale clients’ orders are executed with No Dealing Desk intervention, which results in superior pricing, faster results, a greater depth of liquidity, and fewer outages. This also ensures that there should be no conflict of interest between trader and broker, as there may be with a dealing desk between the client’s order being sent and the market.
In addition to this, Stockscale invests heavily in behind-the-scenes network technology to significantly lower latency. From rock-solid platforms and lightning-fast trade execution to spreads and flexible leverage across the brokers product suite, traders should be able to confidently rely on Stockscale to deliver any time you’re ready to take a trading opportunity. This is something I don’t see many brokers doing so it is a great initiative to stand out.
Stockscale works with several advanced liquidity providers to cut down on the risk of experiencing slippage as much as possible.
Regulation
Preparme Limited is authorised and regulated by the Nevis Financial Services Authority. I would’ve preferred if they had at least one tier-one regulatory body that was regulating them as this would significantly improve their trustworthiness.
Stockscale has dedicated compliance and customer support teams that ensure compliance with global regulators’ investor protection mechanisms.
They also have complete financial reports and independent external audit plans.
Funding your Trading account with Stockscale
The client’s funds are always kept separately from the company’s capital and subject to the bank’s priority protection. No matter under what circumstances, they should not use the client’s funds for company operations. Therefore, this can help to ensure the safety of client funds and gives me peace of mind that my funds are safe.
Countries
The broker’s services are not directed to residents of certain jurisdictions such as the United States, Singapore, Iran, Cuba, and some other regions where such distribution or use would be contrary to local law or regulation.
Trading Platforms
The broker understands that different clients have different needs. Therefore, the broker offers a user-friendly platform to choose from. Stockscale provides traders with the EasyTech trading platforms.
I found the trading platform to be more beginner-friendly.and i would still prefer to use the easytech solution as it is more easier to understand in my experience.
More about the trading Platform
is one of the world’s most popular trading platforms with flexible trading conditions, tight raw spreads and fast execution. the Stocklscale Platform is perhaps most well-known for being very easy to use and having a quick learning curve. This makes it a common choice for beginners whilst it still has powerful features and functionalities to satisfy the needs of more experienced traders.
As part of the brokers commitment to seamless trading experiences, I like how the platform offers advanced charting tools, numerous technical indicators, real-time price charts, market news and insights, and a suite of automated trading options. With access to unlimited charts, 9 timeframes and technical indicators the trading platform gives you the ability to monitor the markets with precision.
They have partnered with some of the top liquidity providers for deep liquidity, along with real-time price quotes for a wide range of tradable instruments. Y
the Stocklscale Platformis free to download for desktop which contains full functionality. The web-based version runs directly in most modern web browsers without the need to install any software. the Stocklscale Platform mobile trading app is great for those who need to analyse the markets whilst on the move. I personally would recommend the mobile app for everyday use and the desktop version if you were to add indicators and other software to your charts. You can trade anywhere in the world provided you have an internet connection.
Some of the key features of the platform that you may find useful include the following:
- preinstalled technical indicators
- analytical charting tools
- graphical objects
- 3 chart types and 9 timeframes
- Instant access and execution
- One-click Trading
- Live price streaming with 128-bits encryption for secure trading
- Compatible with iOS, Android and Mac devices
- Trade different financial markets and strategies
Stockscale WebTrader
With the Web Trader, you will find that trading becomes highly flexible. You can simply trade from a browser of your choice, on your preferred device, without the need to download additional software. The platform will always be up to date which is great.
Key features of the WebTrader platform include the following:
- The web platform operates without any additional software
- Compatibility with Windows, Mac, Linux operating system
- Reliable data protection
- Netting and hedging position accounting systems
- All types of trading operations
- Advanced Market Depth and One Click Trading
- 3 chart types and 9 timeframes
- various indicators and graphical objects for technical analysis
- Real-time quotes
- Online support 24/5
Dealing
You can trade instruments on price movements of popular instruments such as AUD/USD, S&P500, Gold and Crude Oil. You can get access to real-time market quotes of popular Stocks, Indices as well as Commodities such as Oil and Gold.
You can buy and sell instruments at low spreads and commissions, with flexible leverage
Markets- what can i trade with Stockscale
Stockscale offer a generous selection of 400+ products to trade, delivering countless opportunities to traders with different interests.
You can trade forex currency pairs, individual stocks/shares, indices, commodities, precious metals such as gold and silver and cryptos including Bitcoin and Ethereum.
Forex
The broker provides forex traders access to trade forex with over 40 currency pairs with competitive spreads and fast execution.
- Spreads as low as 0.7 pips
- Trade EURUSD, GBPUSD, USDJPY and more
- Major, minor and exotic currency pairs
- Leveraged trading
- Advanced trading platform
- Top-tier liquidity
Indices
The broker offers major indices trading products worldwide, including USDX, VIX, SP 500 and HSI.
- Trade Nasdaq and main Global Indexes
- Trade the largest shares together
- Low spreads and leveraged trading
- Sophisticated trading platform
- Long & short position trading
- No need to own any shares
Metals
The broker offers gold and silver products with competitive spreads.
- Trade Gold and Silver
- Trade rolling contracts
- Low spreads and leveraged trading
- Innovative trading platform
- High market liquidity
Commodities
Stockscale offers commodities trading with a solid leverage and competitive spreads.
- Trade Crude Oil
- Trade different commodities from one account
- Take advantage of some of the most volatile markets
- Option to use leverage to trade
- Powerful trading platform
- Long & short position trading
- No need to own any commodities
Shares
Stockscale offers CFD trading in more than 100 shares with competitive prices and superior order execution.
- Trade Facebook and Alibaba
- Trade international shares long or short
- Low spreads and leverage available
- Intuitive trading platform
- 24-hour news coverage of prices
Cryptocurrencies
The broker has popular cryptocurrencies CFDs, including Bitcoin and Ethereum, and a unique range of cryptocurrency products. If you want to trade cryptos, thgis is a solid option
- Competitive Spreads
- Trade Bitcoin and Ethereum
- Long & short position trading
- No need for a crypto wallet
- Easy to use trading platform
- Leveraged trading available
CFD Trading
When you trade global markets with Stockscale, you can take advantage of both rising and falling prices through CFDs. A CFD (Contract for Difference) is a derivative financial product that allows investors to take a long or a short position in an underlying asset, without having to take physical ownership of the asset.
A CFD is concluded between two parties: a buyer and a seller. The contract stipulates that the seller will have to pay the buyer the difference between the value of the asset at the beginning of the contract and its value at the end of the contract. If the difference is negative, the buyer will pay the difference to the seller.
Stockscale Trading Accounts
I appreciate that the broker understands that clients come from different backgrounds with different trading styles and needs. This is why they provide a variety of account types to choose from. There are several accounts with various trading conditions, designed to fit your profile.
All of the account types provide competitive spreads, market analysis by experts, and free educational material. You can trade more than 400 financial markets from one account. The trading conditions such leverage change depending on the account type that you opt for.
The type of account you opt for is likely to depend on your strategy. There are low spread accounts and commission free accounts, depending on what matters the most to you.
Stockscale offers the following trading account options:
StockScale offers three main types of accounts: Micro, Standard, Gold and one special accounts for the large investors that require tailor made trading conditions. All trading accounts share similar features, such as leverage; number of assets to trade; scalping or negative balance protection, however there are some differences also.
Which account is best suited for you?
TEST
StockScale Micro account is the ideal type for beginners. A zero-commission account available on StockScale trader platforms, with spreads from 4 pips.
Standard
StockScale Standard Account differs from the Micro account mainly on the spreads and leverage. Given the low spreads, the starting deposit is higher at $25000 (or equivalent on other currency).
Pro
This account is for the traders that tend to open longer positions and need a larger account to facility many larger open positions with other margin requirements. Additionally, traders that use the scalping or hedging strategy will be best served by this account.
Overview
| FOR BEGINNERS TEST |
FOR ADVANCED TRADERS STANDARD |
PRO | VIP | |
|---|---|---|---|---|
| Minimum deposit | $5,000 | $25,000 | $100,000 | $250,000+ |
| Account currency | USD, EUR, GBP | USD, EUR, GBP | USD, EUR, GBP | USD, EUR, GBP |
| Spread, pips | Fixed | Fixed & Floating, Variable | Fixed & Floating, Variable | Fixed & Floating, Variable |
| Execution type | Instant | Instant | Instant | Instant |
| Quotation (number of marks after point) |
5 marks | 5 marks | 5 marks | 5 marks |
| Leverage | 1:100 | 1:200 | 1:300 | 1:400 |
| Margin Call Level | 40% | 40% | 40% | 40% |
| Stop Out Level | 30% | 30% | 30% | 30% |
| Trading platform | all devices | all devices | all devices | all devices |
Demo Account
The broker provide free demo accounts so that you can practice trading in real-time, test platforms, use tools and develop strategies, to sharpen your trading skills in a completely risk-free environment. You can be up and running with a demo account in just minutes by completing a short application form on the brokers website.
Support
Stockscale’s professional multilingual customer support team is ready to assist you and provide you with an incomparable trading experience. I found out that they can be contacted via any of the following contact channels: telephone, live chat email, social media, and by completing an online for on the brokers website.
I also found the support team to be quick and polite in their responses. The live chat feature is especially useful as you can speak to someone right away to ask any questions that you may have before opening an account and get an instant response.
Customer service is available 24/5 which is great as it means that you can get around the clock support wherever you are based in the world. I personally would’ve preferred if they were available on weekends as well as this is when most traders are available to ask questions.
Funding Your Traidng account with Stockscale
The broker provides clients with various flexible deposits or withdrawals methods and multiple base currency options. You are allowed to deposit and withdraw funds using any of the following payment methods:
- Bank Transfers
- Credit/Debit cards
- Cryptocurrency
- Electronic payment processors
The time taken to process transactions may vary depending on the payment method used. Some payments can be instant whereas others may take a few business days to clear. With the most advanced payment system, they aim to process 85% of withdrawal requests in less than 10 minutes. This is great because sometimes I quickly need access to fund in order to take advantage of a market move before it is too late.
Some payment systems may have transaction limits, restrictions, and requirements which are indicated on their respective websites. You may need to verify your account to remove limits on particular methods in some countries as I had to do it too. They strictly do not accept third-party payments. All funds deposited into your trading account must be under the same name as your trading account.
Conclusion of the Stockscale Review
Stockscale is a multi-asset brokerage firm that operates fromNevis. They allow you to trade a reasonable range of financial instruments via the sophisticated and user-friendly trading platforms while providing you with the right resources and trading conditions to ensure a seamless trading process. This includes tight spreads, fast execution speeds, low commission fees and flexible funding options.
Stockscale Review and Broker Profile - Broker Specs
Company Information
| Headquarters |
Hamilton Development, Unit B, Charlestown, Nevis, West Indies.+447520644830 Phone +447418355511 Email [email protected] |
| Website: | https://www.stockscale.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 | No Dealing Desk |
| 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 |
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. |
WireTransfer Credit/Debit Card, Neteller, Bitcoin, Cryptocurrencies |
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. |
Web Trading, Proprietary Trading Platform |
| 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 |
| Support / Service Hours: | 24hrs/5days |
| 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. |
none |
| 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. | none |
| Trader competitions |
Stockscale Review and Broker Profile - Reviews
Top Rated
Recent Compares
Skip to content