5 Best FX Brokers: Recommended For Venezuelan Day Traders

5 Best FX Brokers: Recommended for Venezuelan Day Traders

What’s up Traders, in this article, we’re going to be talking about 5 Best FX (Forex) Brokers That Are Recommended For Venezuelan Day Traders.

Being a Venezuelan and looking for the finest online stock trading platforms can be challenging. Finding those that let you invest in different equities and accept Venezuelan stock market traders is extremely important. I’ve got you covered, so don’t worry!

I’ve compiled a list of the top online stock trading platforms that will enable you to trade Tech stocks, Growth stocks, Large-cap stocks, Mid-cap stocks, and Small-cap stocks as a stock trader from Venezuela.

My goal at MiladFX is to make it as simple as possible for you to compare brokers and choose the one that would best suit your needs.

 

5 Best Forex Brokers For Venezuelan Day Traders

 

  1. XM
  2. IRONFX
  3. INFINOX
  4. PUPRIME
  5. SUPERFOREX

 

1.XM 

XM

The XM broker began operating in 2009 and currently serves clients from over 196 different countries. Its support staff speaks 30 different languages, making it one of the most reputable Regulated Brokers. 

The primary office is in Cyprus, which is under CySEC regulation, but there are also offices in Australia, the UK, Belize, Greece, Dubai, and the MENA region, as well as locations that are authorised to serve customers worldwide.

The vast selection of XM trading products and services that the broker offers, along with cutting-edge trading solutions, are chosen by about 1.5 million traders and investors at XM. 

These products are appropriate for both experienced and novice traders. XM strives to give its customers one of the greatest user experiences in the market, which is the cause for the broker’s rapid expansion and increased trust.

With XM, an account may be started regardless of trading expertise or net capital with just $5. 

Additionally, XM supports webinars and research materials while also taking a worldwide perspective and discovering new markets. This enables traders from different nations to interact and begin a career in trading.

In general, all account opening, management, depositing/withdrawing, and trading procedures are clear-cut, easy to understand, and transparent, as we will see in more detail in the XM review.

XM, which is billed as the next-generation broker for online FX and commodity trading, is appropriate for both novice and experienced traders. 

Traders have two options for getting started: a genuine account with the trading programme or a demo account platform with $100,000 USD in fictitious money.

Auto trading, no additional costs or commissions, and quick order execution—99.35% of which happen in under a second—are some of the highlights of this specific broker service.

 

Company Information

 

  • XM Trading Platform
  • Markets & Assets
  • Commission & Spreads
  • Leverage
  • XM Mobile Apps
  • Payment Methods 
  • Demo Account
  • Promotions & Bonus Offers
  • Regulation & Licensing
  • Extraordinary Qualities
  • XM Account Types
  • Benefits
  • Drawbacks
  • Trade Times
  • Contact Information & Customer Support
  • Security & Safety
  • XM Overall Conclusion

A collection of licenced online brokers is known as the XM Group (XM). Established in 2009, Trading Point of Financial Instruments is governed by the Cyprus Securities and Exchange Commission (CySec 120/10).

The Australian Securities and Investments Commission oversees Trading Point of Financial Instruments Pty Ltd, which was founded in 2015 and is governed by it (ASIC 443670).

The Financial Services Commission (000261/309) oversees XM Global, which was founded in 2017.

2019 saw the establishment of Trading Point MENA Limited, which is governed by the Dubai Financial Services Authority (F003484).

The marketplace boasts more than 1.5 million users and traders from 196 nations. The core values of XM are to be large, just, and human. 

The business takes great satisfaction in offering each client a customised experience regardless of their investing objectives.

 

XM Trading Platform

Both actual and practise accounts can access XM’s two trading platforms. The stop, limit, market, and trailing orders are supported by the multi-award-winning MetaTrader 4 forex trading platform.

The multi-asset trading platform MetaTrader 5 also provides access to stocks, stock indexes, and precious metals. 

An effortless and simple mobile trading experience is made possible by the fact that both platforms are compatible with Apple and Android devices.

Additional, optional tools are available in the trading section, such as trade volume statistics or an economic calendar.

 

Note: I’ll earn a referral fee (No any extra fee for you) if you sign up with them. But they are reliable in my opinion (as of this writing). I always want and find the best for you so that you don’t get into trouble.

 

Markets & Assets

This broker offers more than 1,000 trading options on the MT4 and MT5 platforms, including forex trading, CFD trading on stocks and commodities, CFD trading on equity indices, CFD trading on precious metals, and CFD trading on energy.

The key USD, GBP, EUR, and JPY pairs are among the more than 55 pairs that are available for forex trading.

Cryptocurrencies and binary options are not available on XM.

 

Commission & Spreads

Depending on the type of account opened, spreads change. A Micro Account, Standard Account, or XM Zero Account may be opened. 

The minimum spread for all accounts is 0.1 pip, while a prominent pair like EUR/USD has an average spread of 0.1 pip.

The “no hidden fees or commission” principle is strictly enforced by XM. The only accounts eligible for commission are XM Zero accounts. 

All transfer fees are paid for by XM, and same-day withdrawals are ensured.

 

Get trading with XM in 3 easy steps

Register: Apply online to complete your registration and verification.

Fund: Make your first deposit to start placing orders.

Trade: Your account is all set up!

 

For Create XM Account Click Here

 

Leverage

Leverage varies by instrument and can be anywhere from 2:1 and 30:1. This is totally customizable, and XM gives its customers the option to control their own exposure to leverage risk. 

Margin requirements don’t change on the weekends or at night. They stay the same all week.

Customers registered with the group’s EU-regulated entity are eligible for this leverage.

 

XM Mobile Apps

The Apple iPhone, Apple iPad, as well as Android tablets and phones, are just a few of the Apple and Android devices that support XM. 

Fingerprint authentication is really simple and convenient. Their apps are available for download from the Google Play Store and the Apple App Store.

They are both fully functional and enable mobile trading and monitoring. One-click trading is supported on both the PC and Mac desktop platforms.

 

Payment Methods

 

  • Deposits
  • Withdrawals

Users must submit a colour copy of an official identification document, like a passport or a driver’s licence, in accordance with traditional KYC rules. 

They must also present a recent utility bill with a three-month expiration date as evidence of address.

 

Deposits

The initial deposit requirement for Micro, Standard, and Zero accounts is $5.

  • The majority of popular credit cards
  • Electronic payment options 
  • Wire transfers
  • Local bank transfers 

And more can all be used to make deposits.

Any currency may be used as a deposit, and it will be immediately converted into the base currency you chose when starting the account.

 

Withdrawals

The processing time for all withdrawals is 24 hours, and there are no costs associated with getting money out of your eWallet.

 

Demo Account

When it comes to demo accounts, XM excels. With just a few data, users can create a sample account and start trading with a fictitious balance of $100,000 USD. 

The XM demo account is exceptional since it provides the exact same trading circumstances as the live account.

You are free to use your demo account for as long as you like.

 

Promotions & Bonus Offers

To help with trade speed, XM also provides a free VPS (virtual private server) service. 

This VPS is reachable from anywhere and accessible round-the-clock. They are accessible worldwide and make the promise to eliminate downtime.

On the XM VPS website, more details about who may request the XM VPS are available.

Additionally, XM provides commission- and fee-free deposits and withdrawals.

Since XM is an EU-regulated company, it complies with the ESMA’s limit on bonuses, hence EU traders can no longer take advantage of the $30 deposit incentive.

 

Regulation & Licensing

As mentioned above, XM Group owns a number of brands that are regulated by various authorities.

A collection of licenced online brokers is known as the XM Group (XM). Established in 2009, Trading Point of Financial Instruments is governed by the Cyprus Securities and Exchange Commission (CySec 120/10).

The Australian Securities and Investments Commission oversees Trading Point of Financial Instruments Pty Ltd, which was founded in 2015 and is governed by it (ASIC 443670).

The Financial Services Commission (000261/309) oversees XM Global, which was founded in 2017.

 

Get trading with XM in 3 easy steps

Register: Apply online to complete your registration and verification.

Fund: Make your first deposit to start placing orders.

Trade: Your account is all set up!

 

For Create XM Account Click Here

 

Extraordinary Qualities

The abundance of training and educational resources available on the XM platform is one of its main advantages. The portal often hosts webinars for both novices and seasoned experts.

The communal nature of the platform encourages users to learn from their faculty of educators. Additionally, the business released technical analyses and research.

 

XM Account Types

The Micro, Standard, and Zero tiers of trading account are available. Every account permits a maximum of 200 open/pending positions per customer.

Micro Accounts: A $5 USD minimum deposit is required to open a micro account, which can use the base currencies USD, EUR, GBP, CHF, AUD, JPY, HUF, and PLN. 1,000 units of the basic currency make up one micro lot.

Ultra Low Accounts: XM Ultra Low Accounts allow traders to utilise any of the following currencies as their base currency and demand a minimum deposit of $5 USD. 

A Micro Ultra lot is 1,000 units of the base currency as opposed to a Standard Ultra lot, which is 100,000 units. Not all of the group’s entities are eligible for XM Ultra Low Accounts.

Standard: Traders can open a standard account with just $5 USD and choose from the following base currencies: USD, EUR, GBP, CHF, AUD, JPY, HUF, and PLN. 100,000 units of the selected base currency make up one standard lot.

Zero Accounts: Traders using zero accounts must make a minimum deposit of $5 USD, and their base currencies may be USD, JPY, or EUR. 

One standard lot equals 100,000 units of the base currency, just like the standard account. Not all of the XM Group’s entities fall within the definition of zero accounts.

 

Benefits

For those starting out in trading, XM provides a comprehensive education programme on forex.

However, this doesn’t come at the expense of more seasoned professionals, who also have access to superior tracking tools and expert analysis. 

As a business that takes pride in providing excellent customer service, their users are well-served by support that is offered in a variety of languages.

 

Drawbacks

Although the customer support may be great, some people complain that it is only offered from Monday to Friday. 

Another drawback is that the lack of variety among the many account kinds results in a less individualised experience.

The Micro, Standard, and Zero accounts are essentially the same, but other brokers have a more varied offering. Finally, some may find it bothersome as PayPal deposits are not yet supported.

Due to licencing regulations, traders from a certain countries, including as Canada and the United States, are also prohibited from opening an account.

 

Trade Times

XM is accessible around-the-clock, matching the hours of the global Forex market. 

The XM trading hours for phone trading are from Sunday at 22:05 GMT through Friday at 21:50 GMT.

 

Contact Information & Customer Support

The live chat option on XM’s website’s contact page is the simplest way to get in touch with them.

Email: [email protected]

Phone: +357 25029933

 

Security & Safety

The website’s security is not at all obviously compromised. Opening a sample account requires users to validate their email address, but they are not needed to sign up for email updates. 

Documents proving your identity are needed to start a trading account.

The firm privacy policy states that XM has organisational measures in place to guarantee the security of personal data.

 

XM Overall Conclusion

For traders of all experience levels, XM provides a thorough broker service. 

XM is a wise choice whether you are a novice trader learning the ropes or an experienced trader searching for a dependable and effective platform.

The platform is straightforward to use and browse despite the drawbacks with the various account options.

 

Risk warning: Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74.89% of retail investor accounts lose money when trading CFDs with this provider.

You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

 

Get trading with XM in 3 easy steps

Register: Apply online to complete your registration and verification.

Fund: Make your first deposit to start placing orders.

Trade: Your account is all set up!

 

For Create XM Account Click Here

 

2.IRONFX 

IRONFX

The upcoming generation of traders is being trained by IronFX. It is a brand-new online broker that got started with the goal of giving customers access to cutting-edge trading technologies and an exceptional trading experience.

It offers many types of trading accounts as well as commission-free trades with spreads as low as 0.07.

The three most popular accounts that the broker offers are platinum, gold, and silver. Additionally, it provides an Islamic swap-free account and a trial account for beginners. The maximum leverage available to investors is 1:1000.

With a broad range of trading goods, the broker enables you to transact in a number of financial marketplaces. The broker offers a wide range of payment options for deposits and withdrawals.

Online multi-asset broker IronFX is primarily recognised for its forex trading services. Users can access the well-known MetaTrader 4 (MT4) trading platform, flexible leverage, and extremely cheap spreads starting at just 0.0 pips once they have registered. 

This article will cover every aspect of IronFX’s product, including as special deposit bonuses, practise accounts, and quick deposit and withdrawal options.

 

Overview of IRONFX

 

  • Trading Platform
  • The Markets
  • Commissions & Spreads
  • Leverage
  • Mobile Apps
  • Payment Methods
  • Demo Accounts
  • Added Value & Promotions
  • Extraordinary Qualities
  • Account types
  • Benefits
  • Drawbacks
  • Trade Times
  • Customer Service
  • Security
  • IronFX Conclusion

As a reputable and trustworthy broker, IronFX has established a strong reputation. It has distinguished itself from other brokers with its past and present partnerships with well-known brands including FC Barcelona, the IronFX Racing Yacht team, and the Korean Freediving Team.

More than 1,200,000 people have registered on its trading platforms, which are available in more than 180 countries.

 

Trading Platform

The trading platform MetaTrader 4 is employed by IronFX. The programme is regarded as among of the best in the business, particularly for FX trading. 

It promises simple features and basic portfolio management and is aimed at beginners and intermediates.

Traders can install the platform on desktop computers, including Macs, using the free MT4 download. As an alternative, you can carry out direct trades using WebTrader for MetaTrader.

With your account login information in hand, placing an order is simple, with both pending and instant execution options available.

With nine periods, more than 30 technical indicators, real-time news, and automated trading features, MT4 boasts superior charts. 

The MetaTrader Market and Signals, where users may purchase technical indicators, add-ons, and signals for copy trading, can also be used to enhance the MT4 platform.

Additionally, IronFX provides a Personal Multi-Account Manager (PMAM) solution that enables users to simultaneously manage numerous MT4 accounts.

The broker recently introduced TradeCopier, a tool that allows traders to sign up as Strategy Followers, who can copy top-performing strategies and earn rewards, or Strategy Providers, who can get copied and earn a performance fee.

 

The Markets

Over 300 tradable financial instruments are available from IronFX across:

  • Forex
  • Indices
  • Cryptocurrency
  • Shares
  • Metals
  • Futures
  • Commodities

 

Note: I’ll earn a referral fee (No any extra fee for you) if you sign up with them. But they are reliable in my opinion (as of this writing). I always want and find the best for you so that you don’t get into trouble.

 

Commissions & Spreads

The lowest major spreads for live account types start at 0.7 pip, with 1.2 pip as the daily average. Naturally, spreads do increase during times of high volatility and little trading activity.

As you advance up the account tier structure, spreads get more competitive, with the VIP account providing the best value. Spreads and commission costs are competitive overall.

There are additional trading fees, nevertheless, that you should be aware of. For trading accounts that have been inactive for more than a year, IronFX, for instance, levies a $50 inactivity fee. 

Additionally, the broker imposes a sizable fee of 3% of the deposited cash when withdrawal requests are made during inactive times.

 

Leverage

Flexible leverage up to 1:1000 is available from IronFX. This makes it possible for traders with small capital to take on bigger positions. On the website, you may use a margin calculator to determine how much leverage you have access to.

Be aware that trading using leverage increases both possible gains and losses.

 

Mobile Apps

For Android, iOS, and Windows mobile devices, there is a mobile app for the MetaTrader 4 trading platform offered by IronFX. The appropriate app stores are where you may get the app. Total trade management benefits mobile users without sacrificing functionality.

The IronFX Research app, which is part of the mobile service, provides users with an overview of the financial markets and significant news stories.

 

Payment Methods

 

  • Deposits
  • Withdrawals

Customers of IronFX have a variety of withdrawal and deposit options.

 

Deposits

 

  • Bank wire transfer: Maximum deposit varies among banks
  • Credit & debit cards: Maximum deposit $50,000
  • Skrill: Maximum deposit $50,000
  • Neteller: Maximum deposit $50,000
  • FasaPay: Maximum deposit $5,000
  • China Union: Maximum deposit CNY 360,000
  • DotPay: Maximum deposit PLN 200,000
  • Safecharge: Maximum deposit $70,000
  • Zotapay: Maximum deposit $10,000
  • IronFX Card: Maximum PLN $99,000
  • Perfect Money: Maximum deposit $50,000
  • Digital Assets: No Maximum

No deposit fees apply (coverage for wire transfer charges for deposits over 10k USD)

 

Withdrawals

Deposits and withdrawals typically don’t incur any costs.

Options for withdrawal include:

  • Credit & debit cards
  • China Union Pay
  • Digital Assets
  • Fasapay
  • Perfect Money
  • Nether
  • Skrill
  • IronFX Card
  • Bank Transfer

The withdrawal procedure is simple. Go to “Transactions” on the client portal, click “withdraw,” and then follow the on-screen directions.

Depending on the financial provider, withdrawal times can be as soon as today or as far out as seven days. Contact customer service using one of the methods listed below if you are having any issues with your withdrawal.

The minimal bank wire withdrawal is $100. A $55 transaction fee will be applied to withdrawals that are less than $300.

 

Demo Accounts

For traders to test the platform and refine their techniques, IronFX provides demo accounts. There are two available demo accounts:

  • Demo Floating Spread
  • Demo STP/ECN Absolute Zero

The only difference between each demo account and a live account is that virtual currency is used.

 

Added Value & Promotions

The following welcome bonuses are available to traders who open an account with IronFX:

100% limitless sharing bonus with a $200 minimum deposit.

Up to $4,000 in Power Bonuses with a $500 minimum Deposit.

20 percent Iron Bonus with a minimum $100 deposit, up to $2,000.

Bonuses cannot be revoked, please note. Offers also differ according on the nation you’re registering from. 

Finally, be sure to review the terms and conditions of any minimum deposit bonuses when you open an account because they are subject to change.

 

Get trading with IRONFX in 3 easy steps

Register: Apply online to complete your registration and verification.

Fund: Make your first deposit to start placing orders.

Trade: Your account is all set up!

 

For Create IRONFX Account Click Here

 

Extraordinary Qualities

The Trading School is a service provided by IronFX, and it provides information on establishing a forex trading strategy, e-books, teaching videos, a glossary, and the economic calendar for both professionals and beginners.

The broker also has a sophisticated blog section with a tonne of market-related material.

Additionally useful to traders are the most recent features of Trading Central made available through the Client Portal, as well as trading widgets like a currency converter and profit, margin, and pip calculators.

 

Account Types

At IronFX, there are seven trading accounts available.

Types of live floating and live fixed accounts:

Micro: Spreads for micro accounts begin at 1.8 pip, with a $100 minimum deposit and leverage up to 1:1000 available.

Premium: Spreads begin at 1.6 pips, with a $1,000 minimum deposit and leverage options up to 1:1000.

VIP: Spreads begin at 1.4 pip, the necessary minimum deposit is $10,000, and leverage up to 1:1000 is offered for VIP traders.

Zero Fixed: Leverage is available up to 1:500, spreads begin at zero pip, and a $500 minimum deposit is required.

Types of STP/ECN trading accounts:

No Commission: Spreads begin at 1.7 pips, the minimum deposit is $500, and leverage up to 1:200 is offered with no commission.

Zero Spread: Spreads begin at zero pip, and there is a $500 minimum deposit requirement and a leverage range of 1:200 accessible with zero spread.

Absolute Zero: Spreads at Absolute Zero start at 0.3 pip, with a $500 minimum deposit and leverage options up to 1:200.

Market execution is the main distinction between live floating/live fixed trading accounts and the ECN/STP architecture. 

Real accounts employ market execution, which does not require re-quotes, whereas STP/ECN accounts use instant execution with re-quotes.

Additionally, IronFX provides customers with the Cent account, which allows them to start with smaller funds and lot sizes.

 

Benefits

There are various advantages to joining IronFX:

More than 300 trading products are available to users across several marketplaces, including the currency market.

Reliable trading platform: IronFX provides the potent MetaTrader 4 system, a dependable and well-liked trading environment.

Flexible leverage: Up to 1:1000 is available from IronFX, which is competitive.

Low spreads: minimal spreads Research and customer testimonials indicate that IronFX’s spreads are competitive, which lowers trading expenses.

Multilingual customer support: Is offered by IronFX, a global online broker, in more than 180 countries and in 30 distinct languages.

 

Drawbacks

The IronFX service has some restrictions:

There is just one trading platform accessible, and while MT4 is the most popular one, some traders may not find it to be suitable for their trading style.

Volume discounts – IronFX does not provide its customers with volume discounts, despite receiving numerous positive evaluations regarding bonuses.

 

Trade Times

The trading hours at IronFX are always open. Users can trade Monday through Friday from 0:00 to 0:00. IronFX market hours are GMT + 2, with GMT + 3 being used in the summer and during daylight saving time.

Although consumers may be able to trade whenever they choose, it should be noted that spreads are less competitive when there is a lack of liquidity.

 

Customer Support

The customer service team at IronFX is available round-the-clock in 30 different languages:

Email address : [email protected]

Telephone contact number: +44(0) 203 282 7777

Live Chat: The broker’s website has a chat option in the lower right corner.

FAQs: The FAQs, which are located in the “Contact Us” section, can provide answers to questions on a wide range of subjects, including how to close an account and questions about payments.

Careers: At the bottom of the broker’s website is a link to the Careers portal, which features a list of open positions.

Affiliates: The Affiliates portal is accessible to IronFX partners at the website’s bottom.

You can also discover the broker on social media to stay up to date with the most recent IronFX news:

  • Facebook
  • Twitter
  • Instagram
  • YouTube
  • LinkedIn

 

Security

To protect the privacy of its customers, IronFX employs industry-standard security measures, such as website encryption. 

The one-time password for MetaTrader is used by the MT4 trading platform. The implementation of dual-factor platform authentication could increase security.

 

IRONFX Conclusion

IronFX is a reliable broker for beginners and intermediate traders. They provide a variety of products, the dependable MT4 trading platform, as well as competitive spreads and leverage levels. 

The variety of account kinds will also accommodate various trading approaches and capital requirements.

 

Get trading with IRONFX in 3 easy steps

Register: Apply online to complete your registration and verification.

Fund: Make your first deposit to start placing orders.

Trade: Your account is all set up!

 

For Create IRONFX Account Click Here

 

Questions about IRONFX

 

  • Does IRONFX provide protection against negative balances?
  • Can I cancel a request for an immediate order?
  • Is MetaTrader 5 available at IRONFX?
  • At IRONFX, may I employ expert advisors?
  • Does IRONFX provide welcome bonuses?

 

Does IRONFX provide protection against negative balances?

Yes, all users of IronFX are provided with negative balance protection. This guarantees that investors lose no more than their initial investment.

 

Can I cancel a request for an immediate order?

It might not be able to cancel an instant order request if the server has already taken the order and processed it. If this is the case, a pop-up will appear to inform you that your order might not be able to be canceled.

 

Is MetaTrader 5 available at IRONFX?

The IronFX trading platform does not yet support MetaTrader 5. Customers can use the MetaTrader 4 platform instead. A review of MetaTrader 4 may be found here.

 

At IRONFX, may I employ expert advisors?

The MetaTrader 4 platform supports Expert Advisors (EAs), making automated trading possible.

 

Does IRONFX provide welcome bonuses?

When you open a new account at IronFX, welcome incentives are available. Check the current incentives available when you sign up because they do alter over time and differ by country.

 

Get trading with IRONFX in 3 easy steps

Register: Apply online to complete your registration and verification.

Fund: Make your first deposit to start placing orders.

Trade: Your account is all set up!

 

For Create IRONFX Account Click Here

 

3.INFINOX 

INFINOX

INFINOX was established in 2009 with the goal of providing trading solutions and concentrating on the most advanced trading technology while treating every client equally as a unique trader, not just an account member.

Infinox first acquired a licence for the Vantage FX brand before developing an own brand, and then, as its reputation grew, it acquired a licence for the GO brand. 

Furthermore, in 2016 the broker realised that the only way to survive was to offer customers industry-leading technology and genuine service under their own distinctive brand. As a result, Infinox is now solely branded globally.

Today, the broker maintains its expansion while maintaining its UK base and providing worldwide ideas through a subsidiary in the Bahamas.

The UK-based FX broker Infinox Capital Ltd. Multiple platforms, notably MT4, offer multi-asset trading. Regulation, account kinds, demo accounts, and other topics are examined in this article. Learn if you ought to log in and conduct business with Infinox.

 

INFINOX Information

 

  • Trading Platforms
  • Markets & Assets
  • Commission & Spreads
  • Leverage
  • The Mobile Trading
  • Payment Methods
  • Demo Account
  • Added Value & Promotions
  • Regulation & Licensing
  • Extraordinary Qualities
  • Account Types
  • Benefits
  • Drawbacks
  • Trade Times
  • INFINOX Customer Support 
  • Security
  • INFINOX Conclusion
  • INFINOX: Is it a Scam?
  • What Types of Accounts does INFINOX provide?
  • Is INFINOX an Effective Broker?
  • What about a Demo Account with INFINOX?
  • What Platforms is INFINOX available on?

Infinox Capital Ltd., a London-based broker authorised by the UK Financial Conduct Authority, has been in business since 2009. (FCA). 

The multi-award-winning company employs over 100 people in locations such as the Bahamas, Asia, and the Middle East. 

Because of this, the broker’s clients are also spread out across countries including Vietnam, Thailand, Dubai, Australia, and Portugal.

All levels of traders can invest in forex, indices, stocks, commodities, and futures through Infinox. 

The brokerage wants to be more than just a platform for its customers, thus it places a strong emphasis on customer support and trading tools.

 

Trading Platforms

 

  • MetaTrader 4
  • MetaTrader 5
  • WebTrader

 

MetaTrader 4

The complete MetaTrader 4 (MT4) platform is available from Infinox. Users can trade forex, CFDs, and futures using a variety of functionalities that are well-liked by clients, such as:

  • Multiple chart formats and more than 2000 built-in technical indicators
  • EAs (Expert Advisors) for computerised trading
  • Price quotations in real time
  • Instantaneous trading
  • Data from the past
  • 9 timeframes

Downloading MT4 is possible through the broker’s website.

 

MetaTrader 5

Infinox also provides MT5, the platform from MetaQuotes. This platform is more sophisticated, supporting a wider variety of assets, more charting and indicator options, and more order types. 

The same MT4 functionality is preserved, along with improved software efficiency, new tools, and access to stocks.

 

WebTrader

Customers can invest with MetaTrader without downloading any software because to its web-based platform. 

For those who want to test the platform with a demo account and have access to a variety of indicators and charts, such as moving averages, Bollinger bands, and more, this is a perfect choice.

Most online browsers, including Chrome and Safari, support opening WebTrader directly from the Platforms page on the broker’s website.

 

Markets & Assets

Five main asset classifications are available from Infinox:

Forex: Trading 34+ of the most popular currency pairings, such as AUD/USD, EUR/USD, and EUR/GBP, is possible through forex.

Indices: Trade on some of the biggest indices in the world, such as the FTSE100 and DAX40.

Commodities: Hard and soft commodities like gold, silver, and oil are traded in the commodities market.

Equity CFDs: Purchase and sell shares of the largest corporations in the world, such as Google and Facebook.

Futures: Trade on futures with direct market access in real-time (DMA)

 

Note: I’ll earn a referral fee (No any extra fee for you) if you sign up with them. But they are reliable in my opinion (as of this writing). I always want and find the best for you so that you don’t get into trouble.

 

Commission & Spreads

Major currency pairs often have spreads that begin at 0.2 pip for EUR/USD, 0.4 pip for GBP/USD, and 0.3 pip for EUR/GBP. 

Standard spreads for indices like the FTSE 100 range from 0.42 to 2.2 pips, and for commodities, gold and silver have spreads of 22 and 27, respectively.

On futures and stock CFDs, commissions vary. The broker’s website has information on particular commission fees, but in general, commission fees for futures and stock CFDs range from 1.5 to 2.8 pips.

 

Get trading with INFINOX in 3 easy steps

Register: Apply online to complete your registration and verification.

Fund: Make your first deposit to start placing orders.

Trade: Your account is all set up!

 

For Create INFINOX Account Click Here

 

Leverage

Leverage varies between 1:10 and 1:30 for currencies, commodities, and indexes. 

ESMA laws have restricted leverage, yet it still gives traders considerable latitude to significantly expand their positions. For stock CFDs, the margin starts at 20% and changes for futures.

If you live in an area not under ESMA regulation or if you are a professional client, the maximum leverage is 1:400, which increases your trading power.

 

The Mobile Trading

The MetaTrader platforms are accessible through mobile apps that work with iOS and Android smart phones and tablets. 

With many of the same features as the desktop platforms—such as comprehensive trading histories, financial news, real-time prices, and more—users may trade conveniently anywhere.

The Apple App Store and Google Play both offer the apps for download.

 

Payment Methods

 

  • Bank Transfers 
  • Debit/Credit Cards 
  • Skrill
  • Neteller 

All acceptable methods for deposits and withdrawals. 

Although deposits are free with Infinox, there can be middleman fees. Since the minimum deposit is only £1, novices will find the broker intriguing.

While withdrawals need a payment request form to be filled out before processing can start, deposits are typically completed the same day.

 

Demo Account

With both their MT4 ECN and MT4 STP accounts, Infinox provides a demo account. Users can test their technique in risk-free conditions using the sample account. 

Investors receive 10,000 in fictitious funds and 30 days of access to the demo account, though this can be increased upon request.

 

Added Value & Promotions

Infinox does not provide any incentive packages or promotions due to legal restrictions. 

However, keep an eye out for information about any upcoming trading competitions on the broker’s website and social media pages.

 

Regulation & Licensing

The UK Financial Conduct Authority has fully authorised and regulated Infinox Capital Ltd. (FCA). 

If the broker receives an excessive number of online complaints, they can be the subject of an investigation. Fortunately, I confident that Infinox is reliable and authentic.

Infinox makes sure that client funds are kept separate from corporate funds in accordance with legal requirements. 

The Financial Services & Compensation Scheme (FSCS), which protects clients up to £85,000 in the event of insolvency, also covers the broker.

 

Extraordinary Qualities

The teaching materials offered by Infinox are largely restricted to primers on trading. Trading professionals should explore elsewhere for in-depth resources. 

Having said that, the broker does include Autochartist, a tool for analysing market trends that works with MT4 and MT5 as well as on its own as a web application.

Along with MT5, Infinox also offers a social trading platform that offers a vast array of assets and cutting-edge capabilities. 

Among the social trading features include automatic copy trading, leaderboards and awards for the community, discussion of trading strategies, and social connections.

Additionally, they provide research through IX Intel, where you can get user-friendly training materials and the most recent news articles. 

The broker is doing an excellent job of expanding its collection of market analysis and trading recommendations.

 

Account Types

At Infinox, there are two basic account kinds available. Both the MT4 STP (Straight Through Processing) account and the MT4 ECN (Electronic Communication Network) account, which both have smaller spreads but charge commission, are available to traders. 

The minimal deposit for STP/ECN accounts is merely £1 (or EUR, USD, or AUD).

There are also joint and business accounts accessible.

 

Benefits

Among the benefits of trading with Infinox are:

  • Different trading platforms
  • Minimum down payment of £1
  • FCA governed
  • VPS

 

Drawbacks

Among the drawbacks of opening an Infinox account are:

  • A few unfavourable customer reviews
  • Resources for education are scarce
  • Absent cryptocurrency

 

Trade Times

Forex trading is available from Monday at 00:00 to Friday at 23:59 UK time. 

Most equities CFDs are available daily from 08:00 to 16:00 EST, and most futures are available from 6:00 pm to 5:00 pm EST, Sunday through Friday. 

The broker’s website lists more detailed opening times for different markets.

 

INFINOX Customer Support 

English, Portuguese, Italian, Arabic, and six more languages are all spoken by customer service representatives around-the-clock.

Investors can get in touch with the customer service staff by:

Email: [email protected]

Phone Number: 0-800-060-8744

Live Chat: Is available on the website at the lower right corner.

The registered office of Infinox is located at 20 Birchin Lane, Birchin Court, London, EC3V 9DU. On the website, you may find information about the Hong Kong office.

 

Security

The Secure Sockets Layer (SSL) encryption method is one of the security methods used by the MetaTrader 4 platform, which adheres to industry standards. 

Infinox additionally makes sure that their data gathering procedures are secure in accordance with the General Data Protection Regulations (GDPR). You may read the broker’s privacy policy on the website.

 

INFINOX Conclusion

For traders of all levels, Infinox Capital Ltd. has a competitive product. The broker provides numerous trading platforms, three different account types, £1 minimum deposits, and FCA regulation despite the absence of training resources. I’m pleased to suggest Infinox to our audience.

 

Get trading with INFINOX in 3 easy steps

Register: Apply online to complete your registration and verification.

Fund: Make your first deposit to start placing orders.

Trade: Your account is all set up!

 

For Create INFINOX Account Click Here

 

Questions about INFINOX

 

  • INFINOX: Is it a Scam?
  • What Types of Accounts does INFINOX provide?
  • Is INFINOX an Effective Broker?
  • What about a Demo Account with INFINOX?
  • What Platforms is INFINOX available on?

 

INFINOX: Is it a Scam?

The FCA has authorised and regulated Infinox as a broker. Despite the company’s licence, there are risks associated with online trading, so be sure to practise smart money management.

 

What Types of Accounts does INFINOX provide?

The MT4 ECN (Electronic Communication Network) account and the MT4 STP (Straight Through Processing) account are the two primary account types offered by Infinox. 

While the STP account charges through the spread and commissions, the ECN account is commission-free.

 

Is INFINOX an Effective Broker?

Infinox provides trustworthy trading platforms and competitive spreads on foreign exchange. 

The FCA also oversees the broker. Having said that, there are alternative brokers who provide lesser fees and more sophisticated trading instruments.

 

What about a Demo Account with INFINOX?

Yes, both the MT4 ECN and MT4 STP accounts at Infinox come with a demo account. 

Demo accounts come with 10,000 in fictitious funds and are available for 30 days after signing up.

 

What Platforms is INFINOX available on?

The desktop and mobile MT4 and MT5 platforms are available from Infinox. 

These are market leaders and provide all the resources new and seasoned investors need to trade on well-known financial marketplaces.

 

Get trading with INFINOX in 3 easy steps

Register: Apply online to complete your registration and verification.

Fund: Make your first deposit to start placing orders.

Trade: Your account is all set up!

 

For Create INFINOX Account Click Here 

 

4.PUPRIME

PUPRIME

A well-known online broker with over 200 instruments and copy trading is PUPrime. We’ll examine its regulation, account kinds, costs, methods of customer service, and more in our 2022 study. Find out if you should sign up for a real account with PUPrime right now.

 

PUPRIME Headlines

 

  • Trading Platform
  • Products
  • Fees
  • Leverage
  • Mobile App
  • PU Social 
  • PUPRIME Payments
  • Demo Trading
  • Offers & Promotions
  • Regulation
  • Extraordinary Qualities
  • Live Accounts
  • Benefits
  • Drawbacks
  • Trade Times
  • Customer Support
  • Security
  • PUPRIME Conclusion

Since its establishment in 2015, PUPrime has provided online brokerage services to clients in more than 120 different nations. 

Currently, there are about 130,000 live trading accounts, and the company offers multilingual services to meet the needs of its international clientele.

The company employs 200 people who provide customer service around-the-clock from 14 offices across the world.

Because the broker doesn’t use a dealing desk, it may offer better pricing, fewer outages, and a wide range of liquidity. 

The Seychelles Financial Services Authority and the Cyprus Securities and Exchange Commission both have authority over and oversee PUPrime.

 

Trading Platform

 

  • Web Trader
  • MetaTrader 4
  • MetaTrader 5

The MetaTrader 4 (MT4) and MetaTrader 5 (MT5) terminals are both available from PUPrime. Both are free to download for PC and desktop devices and are widely recognised platforms. 

Clients can trade immediately through all popular web browsers without the need to download any additional software because the broker also hosts the Web Trader interface. The platforms’ features are as follows:

 

Web Trader

Compatible with MAC, Linux, and Windows

  • 3 Sorts of charts
  • 9 Timeframes
  • Instantaneous trading
  • Current quotes
  • 24/7 online support
  • 30 Technical indicators
  • Trustworthy data protection
  • Sophisticated market depth
  • Supports all forms of trading operation
  • Accounting techniques for netting and hedging
  • For technical analysis, 24 graphical objects

 

MetaTrader 4

 

  • 3 Sorts of charts
  • 9 Timeframes
  • Instantaneous trading
  • Streaming real-time prices
  • 4 Types of pending orders
  • 24 charting tools for analysis
  • Instantaneous execution and access
  • Programming language MQL4
  • Access to knowledgeable advisors (EAs)
  • Multilingual, user-friendly interface
  • More than 50 built-in technical indicators

 

MetaTrader 5

 

  • 8 Different order types
  • 21 Timeframes
  • Instantaneous trading
  • Current market news
  • Advanced trading bots
  • More than 80 integrated technical indicators
  • Mood and the economic calendar
  • Decide on take-profit and stop-loss thresholds.
  • Customizable charts, 100 charts can be viewed at once
  • There are four sorts of pending orders: pending, stop, and trailing stops.

 

Products

200+ assets are available to trade on PU Prime’s global markets:

Commodities: Speculate on agricultural products, energy, and precious metals as commodities.

Indices: Trade many international indices, such as the Dow Jones, Nasdaq, and S&P 500.

Forex: 30+ major and minor currency pairs, including EUR/USD and USD/JPY.

Cryptocurrencies: 6 well-known cryptocurrency/USD pairs, including Bitcoin, Ethereum, and Litecoin.

Shares: Trade CFDs on shares of some of the greatest firms in the world, including as Amazon, VISA, Tesla, and IBM.

 

Fees

Different account types have different fees. With quotes obtained directly from significant liquidity suppliers, the Prime solution offers the narrowest spreads. 

Spreads can be zero pip at periods of high liquidity. Major currency pairings including EUR/GBP and USD/CAD were available at 1.9 and 0.4 pip spreads on the Standard and Prime accounts, respectively.

The price of gold was 3 pip instead of 2 pip on the Prime account. The trading platform interface or the broker’s website both contain a complete list of spreads broken down by instrument.

On all trades carried out through the Pacific Union Standard account, no commission is due. The majority of trading instruments inside the Prime account have a $3.50 commission per side. 

Although it is encouraging that the broker does not impose an inactivity fee, swap rates do apply to positions held overnight.

 

Note: I’ll earn a referral fee (No any extra fee for you) if you sign up with them. But they are reliable in my opinion (as of this writing). I always want and find the best for you so that you don’t get into trouble.

 

Leverage

By initial investment and trade size, PUPrime’s possible leverage varies. The possible leverage is capped at 1:500. 

I would advise adopting risk management techniques if using this rate because it is so high. 

An investor can control a larger deal size the more leverage is being applied. The availability of leverage is broken down below.

  • 100% margin required – 1:1 leverage available
  • 10% margin required – 1:10 leverage available
  • 2% margin required – 1:50 leverage available
  • 1% margin required – 1:100 leverage available
  • 0.2% margin required – 1:500 leverage available

 

Mobile App

A brand-new, exclusive mobile app from PUPrime is accessible for free download on iOS and Android devices. 

Investors may access all trading capabilities while on the go thanks to the straightforward, user-friendly design and powerful functionality.

Fast execution times, news about the world’s markets, multi-account administration, round-the-clock customer service, and trading reports are all offered. 

Both MetaTrader 4 and MetaTrader 5 have mobile apps that may be downloaded. Anywhere you are, you can access the whole trading functionality of the desktop platform, analytical tools, and customizable charts and graphs.

 

PU Social 

In 2022, PUPrime unveiled a custom social trading platform. Customers can track the positions and tactics of the broker’s top traders using the App Store and Google Play. 

For more inexperienced traders who want to learn about various assets and trading strategies, this is an especially alluring offer.

PU provides a wealth of information, such as information on monthly returns and markets traded, to assist newcomers in finding the best Master Trader for their needs. 

The flexibility of trading parameters, such as position sizes and live order modifications, is also maintained by traders.

The PU Social application can offer a second source of income for experienced traders. Master Traders have the option of charging a commission on successful transactions or a subscription fee. 

To get started, investors only need to have a live account and download the broker’s copy trading app from the appropriate app store.

 

PUPRIME Payments

 

  • Deposits
  • Withdrawals

 

Deposits

Prime offers traders a variety of base currencies and customizable deposit alternatives. No account financing method is subject to a cost from the broker; however, third parties may impose fees. 

There is a $50 minimum deposit requirement and several maximum limitations. Top ways for deposits include:

UnionPay: CNY only, 50,000 CNY maximum limit, processing within 30 minutes

Fasapay: USD/IND only, $75,000 transaction per day, instant processing

Cryptocurrencies: BTC/USDT only, no maximum limit, instant processing

Local payments: varying currencies and maximum limits, processing within 1 hour

Bank Wire Transfer: All currencies, no maximum limit, 2-5 business day processing time

Credit/Debit Cards: Includes VISA and MasterCard,  all currencies, instant processing

Electronic Payments: Includes Skrill/Neteller/Bitwallet/Sticpay/Astropay/Fasapay, all currencies, instant processing

 

Withdrawals

The bulk of withdrawal options with PUPrime are cost-free, although some do have a modest fee. Instead of being determined by the broker, this is an outside fee. 

For instance, Neteller charges a transaction fee of 2% for each withdrawal. Withdrawals from Skrill will be charged a 1% fee.

The minimum withdrawal amount for all methods is $40, but there are several types of limits. 

Withdrawals under $100 will be charged a handling fee of $20 or an equivalent amount in another currency. 

The longest processing period for withdrawals of funds is two to five business days for bank wire transfers.

Electronic payments made using credit/debit cards and their processing times can vary based on the issuing bank and receiving bank.

 

Get trading with PUPRIME in 3 easy steps

Register: Apply online to complete your registration and verification.

Fund: Make your first deposit to start placing orders.

Trade: Your account is all set up!

 

For Create PUPRIME Account Click Here

 

Demo Trading

The Pacific Union website offers a free demo account in more than 10 base currencies. 

These accounts provide a safe environment for strategy testing, execution practise, and platform feature navigation.

On the MT4 or MT5 trading terminals, PUPrime traders have access to up to $100,000 in virtual funds and can observe real-time trading conditions and prices. 

Opening a paper trading account also gives you the option of choosing a leverage of up to 1:500. An account must be opened by registering online using a short form.

Please be aware that these accounts expire automatically after 60 days.

 

Offers & Promotions

PUPrime was promoting a number of cash incentives at. A $50 no-deposit bonus and a 50% credit bonus up to $500 were included in this. 

There are no restrictions on promotions because the broker is not overseen by a body that regulates the European Union. 

There is also a refer-a-friend programme available, where traders can receive up to $150 for each person who creates a live account and meets the requirements.

Before creating an account, you should carefully read the terms and conditions for bonus claims because there can be withdrawal limitations.

 

Regulation

The Seychelles Financial Services Authority and the Cyprus Securities and Exchange Commission both have full regulatory authority over PUPrime (formerly Pacific Union). 

Negative balance protection and segregated client funds are two features that PU offers that are comparable to those offered by premier regulatory bodies like the FCA.

Your capital will be protected in the event of business insolvency. Additionally, the broker conducts rigorous corporate governance compliance audits and uses top financial institutions to offer consumers the greatest interbank liquidity.

 

Extraordinary Qualities

We were glad to learn that PUPrime provides a variety of analysis tools and educational materials. This covers daily news updates, market reports, and instrument technical analysis. Also featured in daily video posts is market research.

Although there are beginner-friendly themes, there are also more sophisticated pieces for those with more experience. 

Themes covered include market basics, risk management, understanding indicators, and trading psychology. 

Along with visual demonstrations of important subjects, supporting video information is also offered.

It is also encouraging to note that a variety of helpful tools, such as an economic calendar, a currency converter, and a keyword glossary, can be accessed online along with webinars presented by professionals in the field.

 

Live Accounts

 

  • Standard
  • Prime
  • Cent

PUPrime provides Standard and Prime online trading account options. Both provide access to all products, different base currencies, no dealing desk order execution, and the greatest amount of leverage possibilities. 

A Cent account can also be created. These are perfect for novice investors who want to start with modest sums. These are specifics about the account types:

 

Standard

 

  • No commission
  • 120% margin call
  • Hedging available
  • Spreads from 1.3 pips
  • Leverage up to 1:500
  • 0.01 lots minimum order size
  • Minimum deposit of $50 or equivalent currency

 

Prime

 

  • 120% margin call
  • Hedging available
  • Spreads from 0 pips
  • Leverage up to 1:500
  • $3.50 commission per side
  • 0.01 lots minimum order size
  • Minimum deposit of $1,000 or equivalent currency

 

Cent

Access to 36 currency pairs, gold, silver, and crude oil

  • Spreads from 1.3 pips
  • Maximum lot size of 100
  • Minimum deposit of $20
  • Maximum deposit of $1,000
  • USC account currency only

The process of opening a live account with PU Prime is quick and simple. 

Customers are expected to comply with Know Your Customer (KYC) compliance and complete an online registration form as well as submit identify verification papers, such as proof of residency.

PU also provides a trading account for Muslims. Upgrading to this swap-free version from a live account is possible with the brokerage’s consent. 

For the management of open position accounts, there are administrative fees.

 

Benefits

 

  • No-cost deposits
  • Private mobile application
  • Market execution directly
  • Islamic account without swaps
  • Negative balance defence
  • Customer service that is multilingual
  • Demo account with fictitious money
  • Low minimum deposit amount necessary
  • PU Social’s copy trade functionality
  • Mobile apps and the widely used MT4 and MT5 terminal

 

Drawbacks

 

  • Regulation of offshore
  • Withdrawal fees under $100
  • The majority of Prime account instruments are subject to commission

 

Trade Times

Trading hours Monday through Friday are 24 hours, but they differ depending on the instrument. 

Keep in mind that servers and charts use GMT +2 or GMT +3. On the broker’s website, you may see complete timings by instrument as well as forthcoming market holiday dates.

 

Customer Support

PUPrime provides the following customer service seven days a week, plus on Sunday from GMT+3 4:00 to 5:00:

  • Live chat
  • Online contact form
  • Global address finder
  • Email – [email protected]
  • Telephone – +248 4671 948

 

Security

Both the trading floor and portal access require a password. An SSL certificate is used to encrypt any personal data transferred between client terminals and platform services. 

The MT4 and MT5 trading terminals provide industry-standard data privacy, secure login features, and two-factor authentication.

 

PUPRIME Conclusion

A strong direct-to-market execution trading environment is provided by PUPrime. Low fees and flexible leverage make it possible to tailor it to any trading plan. 

I appreciated the availability of reputable trading platforms, a range of customer support choices, a demo account, and low-deposit options.

The negative balance protection and segregated client money should reassure customers, even though the chosen regulating body isn’t well-known in the financial sector.

 

Get trading with PUPRIME in 3 easy steps

Register: Apply online to complete your registration and verification.

Fund: Make your first deposit to start placing orders.

Trade: Your account is all set up!

 

For Create PUPRIME Account Click Here

 

Questions about PUPRIME

 

  • PUPRIME is regulated, right?
  • Which Trading Platforms is PUPRIME providing?
  • How much of a Deposit must you make to open a PUPRIME account?
  • What options for customer service does PUPRIME provide?
  • What kind of accounts is PUPRIME offering?

 

PUPRIME is regulated, right?

Yes, both the Cyprus Securities and Exchange Commission and the Seychelles Financial Services Authority have authorised and regulated PUPrime (formerly known as Pacific Union). 

Negative balance protection and customer funds that are kept separate are two requirements of the authority’s rules.

 

Which Trading Platforms is PUPRIME providing?

The well-known MetaTrader 4 and MetaTrader 5 trading terminals are available through PUPrime. 

Both offer complex trading capabilities, including as technical indicators, individualised user interfaces, and intricate graphs and charts.

 

How much of a Deposit must you make to open a PUPRIME account?

Opening a live trading account with PUPrime requires a minimum deposit of $50 or an equivalent amount in another currency. 

Note that the owner and management team reserve the right to adjust the minimum deposits, which may vary depending on the account financing type.

 

What options for customer service does PUPRIME provide?

PUPrime provides 24/7 multilingual client service. A live chatbot, the number +248 4671 948, and email [email protected] are all included.

 

What kind of accounts is PUPRIME offering?

Numerous live account kinds with direct-to-market execution are available with PUPrime. 

Among them are Standard, appropriate for beginning investors, and Prime, which has more sophisticated trading capabilities and a larger minimum deposit requirement. The broker also provides an Islamic trading account and a Cent account.

 

Get trading with PUPRIME in 3 easy steps

Register: Apply online to complete your registration and verification.

Fund: Make your first deposit to start placing orders.

Trade: Your account is all set up!

 

For Create PUPRIME Account Click Here

 

5.SUPERFOREX 

SUPERFOREX

With account types for ECN and STP execution and 400+ instruments available on the MetaTrader 4 platform, SuperForex is a multi-asset online securities and derivatives broker. 

The highest leverage, member area security features, client login and account verification, how to register and open a real account, and other topics will all be covered in this evaluation of the SuperForex broker.

 

Company Information

 

  • Trading Platform
  • Assets
  • Fees
  • Leverage
  • Mobile Applications
  • Payment Methods 
  • Demo Account
  • Offers & Promotions
  • Regulation & Licensing
  • Extraordinary Qualities
  • Account Types
  • Benefits
  • Drawbacks
  • Trade Times
  • Customer Support
  • Security & Safety
  • SUPERFOREX Conclusion

With the goal of making forex accessible and integrated into daily lifestyle activities, SuperForex was established in 2013. 

From its base in Belize, the broker now conducts business in more than 150 nations worldwide. There are offices present all over the world, including in South Africa, Zimbabwe, Zambia, Malaysia, and Indonesia. 

The International Financial Services Commission (IFSC) has approved ID verification and sign-in security measures for the brokerage.

 

Trading Platform

Customers of SuperForex have access to the MetaTrader 4 (MT4) trading platform, which they can use as a web trader through all popular browsers or download to desktop devices. 

User reviews and ratings provide promising and favourable feedback regarding the user-friendly interface and straightforward navigation. Features consist of:

  • Historical data
  • 39 graphic objects
  • Live news streams
  • Customisable charts
  • 4 pending order types
  • View full trading history
  • One-click order execution
  • SuperForex flash MT4 scalper
  • 50+ built-in technical indicators
  • User-friendly, multilingual interface

So that you can benefit the most from your MT4 trading experience, a video instruction is available. 

Windows and macOS-compatible devices can use the terminal. Note that the MetaTrader 5 (MT5) platform is not presently available with SuperForex.

 

Assets

SuperForex provides clients with opportunities for asset trading and investing in the following markets:

Forex: 100+ Currency pairs, major, minor, and unusual

Commodities: Bet on pricey commodities like gold and oil.

Indices: Trade international indices including the FTSE 100, Dow Jones, Nasdaq, and S&P.

Cryptocurrencies: 10 Well-known cryptocurrency/USD pairs, including Bitcoin, Ethereum, and Litecoin

Stocks: Trade stocks of some of the greatest firms in the world, including as Amazon, Apple, Tesla, and IBM.

 

Fees

Depending on the type of account, the broker offers a variety of spreads. These brokers are fairly competitive with one another. 

Direct market execution and variable spreads are advantageous for ECN accounts. The STP standard account often had spreads of 3 pip for USD/EUR, 3.5 pip for USD/CAD, and 6.5 pip for GBP/JPY. 

The price for XAU/GBP was 8 pip. On the Profi STP account, commission is charged, along with a $21.50 trade fee for selected instruments. Positions held overnight are subject to swap rates from the broker.

 

Note: I’ll earn a referral fee (No any extra fee for you) if you sign up with them. But they are reliable in my opinion (as of this writing). I always want and find the best for you so that you don’t get into trouble.

 

Leverage

By account type, SuperForex leverage rates also differ, with rates as high as 1:2,000 available. This is really high, thus if using such high leverage, I would advise using appropriate risk management measures. 

The only leverage available for trading cryptocurrencies is a maximum of 1:10. By contacting customer care by email or live chat, retail customers can modify their leverage limitations. 

Since the broker does not adhere to ESMA trading standards, there are no legal capping limitations.

 

Mobile Applications

No matter where you are, the SuperForex mobile app gives you a full trading experience right from your smartphone or tablet. 

The MT4-integrated app is freely downloadable for iOS and Android (APK) gadgets. On the move, use analytical tools and fully functional trading features from the desktop trading platform, such as customizable charts and graphs. Features consist of:

  • Copy-trading
  • Trading signals
  • Open or close trades
  • Access analytical articles
  • Track quotes in real-time
  • Live streaming economic news
  • Deposit and withdraw to your trading account

 

Payment Methods 

 

  • Deposits
  • Withdrawals

 

Deposits

Although there are several minimum deposit requirements, $1/£1/€1 is the lowest, which is perfect for a beginner trader. 

All deposit payment options are free at SuperForex, but there may be exchange or third-party bank fees. A variety of base currencies are available for opening accounts. Options for payment include:

Bank Wire Transfers: Take two to four days to process.

Credit/Debit Cards: Instant processing for credit/debit cards. comprises both Visa and Mastercard.

SuperForex Money: Instantaneous processing using SuperForex Money. 7% off as payback on deposits.

Electronic Payments: Instant processing for electronic payments. Skrill, Neteller, SticPay, and Perfect Money are examples of e-wallets.

Local Payments: Instant processing for local payments. Among the transferable currencies are MYR, IDR, ZWD, and NAD.

Cryptocurrencies: Instantaneous processing with cryptocurrencies. Bitcoin, Dogecoin, and Litecoin are among the accepted currencies.

Be aware that some techniques might be restricted to specific regions.

 

Withdrawals

There are SuperForex withdrawal fees that vary depending on the mode of transaction. Some techniques have minimum withdrawal thresholds. Before money may be taken out of a live account on verified accounts, a pin code must be entered.

Cryptocurrencies: Processing takes 1-3 hours for cryptocurrencies. Commission of 5%.

SuperForex Money: Processing time for SuperForex Money is 1-3 business days. No commission.

Local Payments: processing takes one to three hours. There are charges for local bank wires.

Electronic Payments: Take one to three hours to process. There are several commissions and fees involved.

Credit/Debit Cards: Processing takes 1-3 hours for credit/debit cards. $7 plus 3% commission a $20 minimum withdrawal.

Bank Wire Transfers: All account currencies for bank wire transfers Processing of withdrawals takes 2-4 business days, plus $35 and 3% commission.

 

Demo Account

The broker’s website offers a free sample account in either USD or EUR. These accounts offer a safe way to test trading strategies, browse platform features, and practise trading. 

SuperForex traders can experience real-time trading conditions and prices and have access to up to £50,000 in virtual funds. 

Similar to XM, Tickmill, and HotForex, opening a demo account only requires completing a brief online registration form.

Throughout the year, SuperForex runs special demo account contest cycles. These may be directed at certain tools, such as the Bitcoin Mania and Gold Rush competitions. 

Customers are required to use paper trading accounts to trade demo instruments. Retail traders can receive incentives worth up to a $100 deposit into a real account if their accounts have the greatest balances at the end of the cycle.

 

Offers & Promotions

SuperForex offers a number of reward and bonus programmes. This comprised a 202% bonus claim for adding funds to a live account, a no deposit bonus, a $1,000 introduction incentive, and a 40% welcome bonus on initial deposits. 

Certain incentives can’t be combined with others. In order to help customers choose which option to apply for, the broker offers a comparison chart. Always read the terms and conditions of bonus claims as there can be unstated restrictions on bonus withdrawal.

Added perks are offered by a membership club based on account earnings. All SuperForex customers may sign up, but there is a $100 minimum deposit requirement and no minimum trading volume. 

Members have access to reduced spreads, exclusive analytics, round-the-clock customer service, and increased deposit protection.

 

Regulation & Licensing

The International Financial Services Commission oversees and approves SuperForex (IFSC). The IFSC is not thought of as a top-tier regulator, thus it might not provide the same levels of security as other reputable financial authorities. 

Traders should be aware of this. But even a little control is preferable to none. The broker does take steps to ensure client monies are kept separate and that anti-money laundering regulations are followed.

Residents of the United States of America or Ukraine are not eligible for services.

 

Get trading with SUPERFOREX in 3 easy steps

Register: Apply online to complete your registration and verification.

Fund: Make your first deposit to start placing orders.

Trade: Your account is all set up!

 

For Create SUPERFOREX Account Click Here

 

Extraordinary Qualities

The website of SuperForex broker offers a number of helpful educational resources. This contains investment PDF articles, a glossary of words for the forex market, and beginner-friendly trading-related YouTube video content. 

Understanding financial indicators, utilising a profit and loss calculator, copytrade advice, spreads, the advantages of using a trading bot, and other topics are covered in this course. 

You can also get information on training centres and live seminar events. All clients can access them, and physical education facilities can be found in nations throughout the world such Kenya, Tanzania, Rwanda, Nigeria, and Uganda.

The broker also offers its clients free access to Pattern Graphix software. This expert advisor (EA) automated trading programme utilises the MetaTrader 4 trading platform. 

The system can propose the best trades to place based on patterns it finds in price movement graphs. Just download it, and your MT4 account will automatically sync with the service.

 

Account Types

 

  • ECN Execution
  • STP Execution

Several real account types with ECN or STP execution are available from SuperForex. Each account has unique trading circumstances that are appropriate for unique tactics. 

Low minimum deposit requirements are perfect for a novice trader. Base currencies can range, but possibilities for accounts include USD, EUR, GBP, and ZAR, which eliminates the need for occasionally expensive swaps. 

To assist you choose an account, we advise using the demo account first. Features of live accounts include:

 

ECN Execution

 

  • Standard: $1/€1/£1 minimum deposit, $100,000 lot size, floating spreads.
  • Swap-Free: $1/€1/£1 minimum deposit, $100,000 lot size, floating spreads.
  • Standard Mini: $1/€1/£1 minimum deposit, $10,000 lot size, floating spreads.
  • Swap-Free Mini: $1/€1/£1 minimum deposit, $10,000 lot size, floating spreads.
  • Crypto: $100 minimum deposit, 10 BTC lot size, floating spreads, USD account currency only.

 

STP Execution

 

  • Crypto: $100 minimum deposit, 10 BTC lot size, fixed spreads, USD account currency only.
  • Standard: $1/€1 minimum deposit, $10,000 lot size, fixed spreads, forex copy included.
  • Profi STP: $500 minimum deposit, $100,000 lot size, 0 spreads, USD/EUR/GBP/ZAR account currencies only.
  • No Spread: $100/€100 minimum deposit, $100,000 lot size, 0 spreads, USD/EUR/GBP account currencies only.
  • Swap-Free: $1/€1 minimum deposit, $10,000 lot size, fixed spreads, forex copy included.
  • Micro Cent: $1/€1 minimum deposit, $3000/€3000 maximum deposit, 10,000 cents lot size, fixed spreads, USD/EUR account currencies only.

Opening a live account is a simple procedure. Customers must fill out an online registration form, which under the know your customer (KYC) requirement may need identify verification materials such proof of residency. 

It is encouraging to note that SuperForex has an Islamic trading account; customers should sign up for a swap-free account for this account type.

 

Benefits

 

  • Educational materials.
  • 400+ Different trading tools.
  • Demo account with fake money.
  • Deposits start at just $1/€1/£1.
  • Utilize the 5% yearly interest on the account’s equity.
  • Free use of the Pattern Graphix software.
  • A variety of account types that execute via ECN or STP.
  • Numerous payment options, including cryptocurrency, are accepted.
  • You can add security measures to individual accounts.
  • Automatic balance reset programme (negative balance protection).

 

Drawbacks

 

  • Lack of a MetaTrader 5 trading platform.
  • Several unfavourable customer evaluations in 2021.
  • In the industry, the regulatory provider is not as well known.

 

Trade Times

The brokerage operates from 07:00 to 17:00 GMT and 24 hours a day, Monday through Friday, although specific trading hours may vary depending on the asset.

 

Customer Support

SuperForex provides many ways for customers to contact them:

Phone number: +442045771579

Email: [email protected]

Live Chat: Each webpage’s Live Chat logo is in the bottom right corner.

Social Media: Social media platforms like Facebook, Twitter, and Whatsapp.

It was encouraging to note that the broker offers a thorough FAQ area. The download process for MetaTrader 4, specifics on how to deactivate a SuperForex account, adding the simple $50 deposit bonus or affiliate code, support for card verification, and MPESA deposits are among the topics covered.

 

Security & Safety

We were glad to find that all consumers could access a high level of fund security safeguards. This provides settings for IP address access, combinations for account verification, segregated funds, and access to login history. 

An SSL certificate is used to encrypt any personal data transferred between client terminals and the platform service. The MT4 trading terminal has dual-factor authentication, secure login features, and data privacy that meets industry standards.

 

SUPERFOREX Conclusion

With choices for zero, fixed, and floating spreads on a wide variety of trading instruments, SuperForex provides a respectable trading environment. 

The broker’s regulation may not be the best, but its positive balance protection, deposit protection, and fund segregation programmes are comforting. 

SuperForex is a competitive broker, especially for new traders, thanks to its selection of order execution options, cheap minimum deposit requirement, incentives, and educational materials.

 

Get trading with SUPERFOREX in 3 easy steps

Register: Apply online to complete your registration and verification.

Fund: Make your first deposit to start placing orders.

Trade: Your account is all set up!

 

For Create SUPERFOREX Account Click Here

 

Questions about SUPERFOREX

 

  • Is SUPERFOREX a Broker that is Regulated?
  • What kinds of accounts does SUPERFOREX provide?
  • Are There Nasdaq Trading Opportunities at SUPERFOREX?
  • Is SUPERFOREX a Scam Or Legit?
  • Is SUPERFOREX an Excellent Broker?

 

Is SUPERFOREX a Broker that is Regulated?

Yes, the International Financial Services Commission regulates SuperForex as a legitimate brokerage company (IFSC). 

This, together with the service provider’s customer testimonials and security measures, suggest that it is unlikely a fraud.

 

What kinds of accounts does SUPERFOREX provide?

Several real account types with ECN or STP execution are available from SuperForex. These come in fixed, floating, or no spread choices, depending on your strategy’s requirements. Minimum deposits start at £1/$1/€1, depending on the currency.

 

Are There Nasdaq Trading Opportunities at SUPERFOREX?

You can trade Nasdaq on SuperForex, yes. With competitive trading conditions like leverage up to 1:1000, macroeconomic data, and technical analysis, the broker offers a number of well-known global indexes.

 

Is SUPERFOREX a Scam Or Legit?

With regulation, deposit protection plans, and negative balance protection, we are convinced that SuperForex is a legitimate broker. 

Before creating a live account, make sure to read the terms and conditions. Be aware that, in comparison to other authority bodies, the IFSC does not offer top-tier regulation.

 

Is SUPERFOREX an Excellent Broker?

SuperForex offers competitive trading conditions, regulatory protection, partnerships with software companies, security mechanisms, and the MT4 platform.

 

Get trading with SUPERFOREX in 3 easy steps

Register: Apply online to complete your registration and verification.

Fund: Make your first deposit to start placing orders.

Trade: Your account is all set up!

 

For Create SUPERFOREX Account Click Here

 

Final words

Okay, so that’s it I’ve come to the end of this presentation, I hope you’ve enjoyed it and if you really do please write a comment and click the share buttons smash it right, and click to subscribe bell to Allow notifications be updated.

Whenever, I publish content like, this and finally any questions or feedback let me know below and I’ll do my best to help, so with this guide, I hope you got value out of this presentation, I wish you good luck and good trading and I’ll talk to you soon you.

 

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