Traders can add or withdraw funds, view trade history, create watchlists, access news, and view charts from the mobile app.
Forex Trading Demo - FXCM Markets
It is also easy to navigate and set up. The charting feature is one of the drawbacks of the mobile app. There are a limited number of common indicators available, such as RSI, MACD, and moving averages, but drawing functions and more advanced technical tools are missing. Full order functionality is available, including conditional orders and the ability to easily place stop losses and profit targets at the time of a trade. Functional demo accounts are provided for free, giving potential clients time to assess the pricing structure before committing real capital.
The implication seems to be that you've had enough time to test our platform, so either open a funded "live" account or go elsewhere. ET on Sunday to 5 p.
ET on Friday. FAQs and website client support were satisfactory, but repeated attempts to contact via "live chat" proved to be unsuccessful. Social media support is not available, although they do have social media accounts where they post market analysis and company information. Phone support is the quickest way to have questions answered by a real person.
There is a small menu to choose from at the start of the call. Wait times will vary based on call volume, but during a normal day you can expect to wait several minutes before being connected with a representative. Email support is available for more in-depth questions but expect to wait one to three business days for a response.
Trading advantages of RoboForex forex broker
Clients can access content according to their experience level, or thematically. All content, with the exception of "technical analysis" topics that are available on the platform, can only be accessed through the website. Client experience is divided into three categories—beginner, intermediate, and advanced, while themes range from the industry norm of providing market basics, such as fundamental and technical analysis, risk management, and trading strategies, to platform tutorials.
A comprehensive glossary is also available. That said, the material covers all the major topics that a beginner should need to know.
Additionally, a margin calculator and an array of trading and charting tools can be found on all of its trading platforms. The broker's "premium" and "pro" accounts have the option of receiving research tailored to the client's needs. For example, CFDs are not available to U. However, non-U. In plain English, U. Also, U. The broker offers access to a variety of financial instruments with spread and commission costs that are on par with the industry, a choice of account types, multiple user interfaces, and educational and research resources.
Customer service is available and adequate, though substandard website maintenance speaks to a lack of attention to detail. That said, the inconsistency in not offering negative balance protection and guaranteed stop losses in the U. However, the impression that one gets is that it could be so much better if a bit more attention was paid to the primary revenue generator - the customer. Investopedia is dedicated to providing investors with unbiased, comprehensive reviews and ratings of online brokers. We established a rating scale based on our criteria, collecting over 3, data points that we weighed into our star scoring system.
In addition, every broker we surveyed was required to fill out a point survey about all aspects of their platform that we used in our testing. Many of the online brokers we evaluated provided us with in-person demonstrations of their platforms at our offices. Our team of industry experts, led by Theresa W. Carey , conducted our reviews and developed this best-in-industry methodology for ranking online investing platforms for users at all levels.
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Why trade forex with us?
Personal Finance. Here is the probability of fraud attempts the least. Subsequently, the Forex provider should ask for address confirmation. This is simple and can be done by a telephone bill, a power or gas or credit card bill or by a bank statement of the house bank. The legitimacy test is the most significant. For this, the provider requires either an identity card or a passport, which should be best faxed in the form of a copy.
If the steps listed here have run smoothly, the future forex trader can already think about how much he wants to make his first deposit. Deposit money In most cases, the providers of live forex accounts offer numerous deposit options. These deposit options run faster than a bank transfer, which means that the money appears in the program within seconds. Since bank transfers always involve a small processing time, it can take between one and three business days for the value adjustments to take place on your own forex account.
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A deposit condition is, of course, the identity of the account holder and forex receiver, which must always be the same. Forex brokers or CFD providers , like my favorite Forex. There is always the risk of total loss. Therefore, I generally recommend testing the providers with a demo account. Once all the registration steps have been completed and the money is on your own account, the base currency is selected. The base currency is the currency in which you will handle and trade your money in the future.
If, as a European, you are already sure that you will be trading the dollar, later on, it makes sense to choose it as your base currency. Incidentally, it should be reasonable to use the euro, as later unnecessary misunderstandings can be avoided. Then there is nothing in the way of the trade. One thing should be said at this point:. Before venturing into the big forex floor and risking thousands of euros, you should have enough experience. These arise only through the constant tracking of the exchange rates and their development, as well as through a forex demo account or contacts to already experienced forex traders.
Furthermore, a forex beginner should never deposit money, which is basically not available to him, because of it, for example, bills or the like should be paid. In addition, the psychological pressure on potentially unproductive losses is simply too high and the trader under this pressure will most likely make a small mistake with a big impact. Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website.