Finexo Homepage

Overall Rating: [Rating:5]

Open Account: Click Here

Min Deposit: $100

Tools: Free Software, Webtrader, Pivot Calculator, Mobile Trader, Meta Trader-4

Special Promotions: Yes, 10% bonus for first deposition.

Leverage: 1:5 to 1:400

Deposit Options: Many

Free Practice Account: Yes

Support: Excellent (Chat, phone, email)

Company Reputation: Very good.

Why We Recommend Finexo?

Finexo is operated by SafeCap Investments Limited, which is a Cyprus Based Investment Firm (CIF), It is licensed and regulated by the CySEC (Cyprus Securities and Exchange Commission) under license no.092/08. So it adhere to strict financial guidelines.

Various Options for Trading.

It has varied options to trade in forex including mobile trader. It has several apps to offer for mobile trading too. Another option is a popular trading software meta trader 4. You can also trade with web based trading platform.

Easy to Use Platform

Overall platform is easy to use. I contacted company several times and received reply of my each email promptly. I was happy with their answer. Support is pretty much good.

In-Depth Market Research – Added Advantage.

Another good thing about finexo is, it offers detailed market research and education. It is no brainier to trade forex blindly. You can find tools such as economic history, market reviews and information, which ultimately help you in taking trading decision effectively. In other word, you won’t need to move here and there for market update and news to open a trade.

Various Options for Deposit/Withdrawl.

Various options offered for depositing money as well as withdrawal. I feel comfortable with this. Account was opened and activated within just few minutes.

Click Here to Open Account with Finexo

Overall [Rating:5]

Open Account: Click Here

Min Deposit: $50

Tools: Free Software, Webtrader

Special Promotions: Yes, bonus of up to $1000 for first deposition.

Leverage: 1:5 to 1:400

Deposit Options: Many, All major including paypal, moneybooker, neteller, credit cards and bank transfer

Free Practice Account: Yes

Support: Excellent (Chat, phone, email)

Company Reputation: Very good.

etoro is a Limassol (Cyprus) based forex trading company. It became very popular soon after it’s launch because of many features it offers. This is only platform available for any kind of forex trader, be it newbie or experienced forex trader. They provide quick and excellent support. I personally use eToro and recommend it to fellow forex traders because of quality of service they offer.

Both eToro software and web trading platform are userfriendly and easy to use compared to many other available in market. You can try a free practice account before you start trading. Unlike many other companies, you don’t even need to install software. You can also try web based trading platform. Downloading software is completely optional.

What i liked most in eToro is, you can start trading within couple of minutes and just depositing $50 only. That’s great idea to learn forex trading. Registration was very simple and i got my bonus within couple of mines. Some companies minimum deposit of $2500 to open and maintain account.

Personal Tip: If you’re planning to trade forex for long time, i’d advice to make first deposit bigger as eToro provides great bonuses on first deposits.

Click here to Open eToro Forex Account Now

“2 Professional Minds Can Produce What 1,001 Unprofessional Minds Can’t”

Great products are the result of experience, thought, and long term dedication.

This is a statement from two savvy, smart forex investors Albert Perrie and John Grace who have experience of more than 18 years in trading forex. With combined 38 years forex trading experience, they created an automated forex trading system called Forex Megadroid™.

Forex Megadroid™ is created from taking working concepts and perfecting them.

Several Facts:

• Uses The Brand New RCTPA Technology
• Is The First Robot That Is A True MULTI-MARKET Condition Performer
• Since its launch (March 30th, 2009) results have been updated on a daily basis
• Has been profitable EVERY single month since launch
• Offers full refund if you’re not satisfied.

What is RCTPA Technology?

This is a powerful concept simply because it allows you to adapt your trading decisions to how the market is behaving not as a reaction, but as a high accuracy prediction mechanism. With RCTPA, you’re able to use time matrix and price quotes data and changes to generate a short time market forecast. This is a forecast of how the market will behave in the next 2-4 hours. So you can cash in profits ultimately!

Want to learn more about ? Click Here

Overview

USDBot is newly launched forex trading automation system. It is launched on 26th of January.  Here are few features of USDBots…

• Safe and easy to setup
• No forex trading experience needed.
• FREE live updates from expert traders
• Profitable trading system.
• 2 Years of research and perfection/
• Neural Adaptive technology
• Trade multiple currencies.
• Free lifetime upgrade.
• 100% Moneyback guarantee.

USDBot is a forex trading robot created by a group of veteran forex traders. They have spent years of extensive research on the trading algorithms behind this automated trading system.

Some people already got good results with this automated forex trading system. The programming was done by an in-house team of developers to ensure the EA was completely reflective of their strategy. They have a built in adaptive neural technology that takes into account the common forex strategies and works against them to generate profits. USDBOT will adapt to any market conditions or trends. The USDBOT system is a completely hassle-free and hands-free automated system that allows individuals to trade Forex without any manual intervention.

Click Here to learn more about USDBot here.

BIG Money Is Made NOT By Working Hard But By “Working” SMART!

This is a statement made by fapturbo website itself and it is very true when it comes to trade currencies. Forex trading is not an easy game. It requires a lot of attention. You need to keep yourself up-to-date with “what is happening” in business world, currency influencing events.

What is Fapturbo?

In one sentence, it is a powerful tool to automate forex trading. You can call it forex robot.

Fapturbo is developed by a guy named “Steve Carletti” who is an I.T. programmer and also the head developer of the most accurate and profitable Forex robot in todays market – FAP Turbo.

With Faoturbo, you can automatically trade on forex AND make profit!

FapTurbo is pretty easy to set up, You can either install it on your own computer or, you can get this software installed on forex server/vps which will run 24 hours without downtime. FapTurbo has brought a whole new level of reliability and low risk to Forex robot.

How it works?

As soon as you sign-up for FAP Turbo you’ll receive your very own welcome package and access to your VIP Members area. From here you’ll be given your unique license key for the robot. As soon as the robot is installed on your computer, you’re ready to follow the step-by-step training instructions and set yourself on the path to success.
Once you’ve absorbed all you need to know, just sit back, relax and watch as your robot goes to work for you!

For whom?

If you have a computer, with fapturbo installed and can understand simple instructions, then you can take this opportunity.

Moneyback Guarentee!

You don’t need to risk your money! if FAP Turbo don’t work exactly as shown on their website, you can claim 100% money refund. No questions asked.

Get FAPTurbo Now

If you have decided to get into the forex trade, then chances are that you will find yourself having to open a forex account with one or another forex account provider. It is through such a forex account that you will gain access to the platform through which you can perform the forex trade, seeing that the modern forex trade is largely carried out over the Internet. And while opening a forex account might feel like too much work, you will be glad to learn that before the online trading platforms on which such accounts are opened became available, getting set up in the forex trade would have been even harder, as you would have to set up some sort of a brick and mortar forex trading bureau if you were realistically to expect people to sell foreign currency to you and for others to buy the same foreign currencies to you. Obviously, filling in the easy online forms required to open a forex account becomes like child’s play compared to the trouble you would have to go to set up a brick and mortar forex trading bureau.

Although it might be relatively easy to set up a forex account though, you need to still keep in mind that the account will be somewhere that your will be held for the time that you will be trading on the account, and therefore the decision as to the platform provider with whom to open a forex account is not something you should take lightly.

Forex scams exist, and the first thing you will need to be sure about before you sign up for a forex account with any platform provider is whether the platform provider in question is a scammer or is a genuine forex trading platform provider. The telltale signs of a scam need not be repeated on this forum, but they can all be summed up in the popular adage that ‘when the deal seems too good to be true, then it probably is’. You can also cross check the reputation of the forex trading platform provider with independent sources and thereby get to hear what experiences of people they have worked with before have been like. Various online forex trading forums are a good place you can start your search for this kind of information.

The cost of setting up and maintaining your forex account is something you will also have to be sure of – and think about deeply – before you sign up for it. Ultimately, you will need to go for a forex account that justifies its cost with the yields you stand to get from your forex trade.

The features and ease of using the forex account is yet something else you will need to consider keenly before you sign up for a forex account. The features to be on the lookout for are the features which really have an impact on your forex trading – rather than the doodads that many forex trading platform providers market as forex account ‘features.’

Any search for information on forex trading will reveal a wide variety of offers from brokerage firms across the globe. The internet, and prevalence of computers mean that these offers are now available to more and more people across all walks of life. Truly, anyone now can trade in forex.

When trading forex, a pip is the minimum fluctuation or smallest increment of price movement. Traditionally, prices in forex are quoted to 4 decimal places. The USD/EUR for example, could be quoted as 1.5108. In this instance, the “8″ shows the pip.

The spread is the difference between the buying and selling price. Therefore, a broker quoting a currency pair with a 5 pip spread could be trading simultaneously at 1.5108 (selling price) and 1.5103 (buying price). The smaller the spread therefore, the more money an investor can make.

In the example above, an investor could buy the USD/EUR at 1.5108, meaning an immediate 5 pip loss. The loss is because they can only sell it immediately for 1.5103. The price has to move by 5pips before the investor starts making money on this forex trade.

One of the benefits of increased competition in the forex markets, is smaller or tighter spreads, as brokerage houses fight to attract investors. This is good news for any forex investors. Those investors evaluating and considering offers from brokerage firms would therefore be advised to look into the typical spread on offer. An example is the Fractional Pip Pricing below.

In 2007, one of the largest forex dealing brokers, Forex Capital Markets LLC, announced that it would begin offering “Fractional Pip Pricing”. This was all in a bid to reduce the bid-ask spreads it was offering investors. For the first time, investors were being offered prices quoted to 5 decimal places. As the example above shows, a 0.5 pip spread is better than a 5 pip spread.

Their micro account targets traders who “prefer the the flexibility and convenience of trading in small (1K, 2K) lots, but are not willing to sacrifice tight spreads or quality execution.” This is the exact market that a lot of retail and investors still learning the forex market will fall into. FXCM will let investors open a forex trading account with as little as $25.

Typically, trades in the forex markets are in very large lots, at hundreds of thousands per trade. This is usually unaffordable to most retail investors, who are forced to leverage their capital to have access to these trades. Offering the microlot sizes that are not offered by the large banks brings forex trading within the reach of more people. Cleverly using technology means that they can do this efficiently, without unduly increasing the spreads for investors.

FXCM seems to have chosen to go the low cost route in delivering their forex brokerage accounts. Instead of telephone and instant messenger support services, the firm has extensive self help sections on their website. They also provide personalised responses to more complicated queries, but only via email. More help is available on the forums available on the same website.

As you can see, irrespective of how deep your pockets are, offers exist for anyone wanting to trade on the forex markets.

Recent upheavals in the markets has meant that investors are more cautious about investments they make, particularly online. The proliferation of technology and the web has resulted in very well informed investors across the globe. Investors are becoming more and more demanding of their tools and their brokerage firms as they attempt to exact greater returns on their capital.

From the power of these tools though, comes complexity. This is true for both the types of investments made, as well as in the tools used. The forex trading market has been particularly hard hit, with a fall out rate of more than 80% of investors. This means that 80% of investors who try forex trading as an investment strategy give it up.

The international forex market is still growing, and daily turnover is more than $3 trillion globally. The problem is that brokerage firms earn money on trades by these individual investors, and so a low retention rate hurts their bottom line. A key contributor to these low retention rates seems to be the complexity of the tools.

The forex market is sometimes not an easy one for individual investors to understand. It takes practices and some effort to learn the workings of the markets, as well as the tools used for trading. Those investors that make the effort though, do see significant rewards in great returns on their capital outlays. One system being used by brokerage firms to encourage investors to consider forex trading is the use of demo accounts.

Demo accounts are no different from real trading. Customers use the same tools in the demo accounts that they would use in real trading. A customer opens a demo account with a brokerage firm, which has imaginary money deposited in it. Trades are executed using real software, and based on real market data, giving an investor first hand experience of forex trading with no risk. The profits and losses shown in these demo accounts reflect what would have happened had the trades taken place in the live market with real money.

Different firms offer varying demo accounts to customers and investors. The levels of complexity and amount of hand holding available differ from one offering to the next. Investors new to forex trading are better suited to the basic plans that also give access to real brokers as a way to learn the ropes. More experience investors can try out the more sophisticated offerings from the various brokerage firms.

The chief advantage of these demo accounts is self-evident. Because they use real software, and real market data, they really do give investors first hand experience of real life forex trading. The potential investor is exposed to the same tools and platforms that real traders are using on a daily basis. There really is no better way than experiencing this before deciding whether the forex trading markets are suitable for a individual investor. As no real money is at risk, some firms offer demo accounts allowing investors to compete against each other. This is all to add an element of competition making the experience even more similar to real trading.

Clearly, using demo accounts accomplishes the double task of attracting potential investors, as well as familiarising them with real trading environments. Offering these, is therefore an additional tool brokerage firms should be using to improve their customer retention rates.

Forex trading is fast becoming popular with thousands of investors across the globe. In the past to trade on any sort of markets, one had to be physically present. Advances in communications now mean that anyone with access to an internet connection has access to the same markets that were previously the preserve of professionals. Modern computers are also now powerful enough to allow average investors to trade on the forex markets from the comfort of their homes.

One divide that still exists though, is access to capital. Foreign currency is traded on the forex markets in lots of 100,000. The size of these lots traditionally meant that only investors with deep pockets were invited to the table. One way of getting over this limit, was to leverage any capital an investor had. While amplifying potential profits, leverage increase the risks and potential lots for the investors too.

The latest innovation in the forex markets, are products allowing investors to trade in mini and micro lots.

Mini lots are currency lots that are just 1/10th the size of the standard lots, or 10,000 currency units. Micro lots are lots that are 1/10th of mini lots or 1,000 currency units.

There are many advantages for investors trading in these mini and micro lots. The examples below illustrate this.

Currencies are traded, and quoted in pairs. An example quote might be 1.5432 for the USD/EUR. An investor wanting to buy a standard lot at this rate, would need to have $154,320 in capital available in their account with a brokerage firm. A mini forex account would only require them to buy 10,000 units for just $15,432. Clearly the smaller lots mean more and more people can directly invest in and trade on the currency markets.

As noted, leverage was used to increase an investor’s capital to trade. Bigger trades though mean bigger exposure to both profits and losses. Extending the example above, we can assume that the investor did have $15,432 to invest or by this currency pair. If we assumed that they bought the currency, and that there was a 32 pip drop in price, their loss would be $32.

If they had leveraged their initial $15,432, in order to buy a standard lot, their exposure would be $154,320. The same 32 pip drop in the price of the currency pair would mean a loss of $320, or ten times the unleveraged amount.

There are no real disadvantages of trading forex through mini accounts. The accounts still benefit from the same trading software, resources, tools and prices that the standard accounts offer. In fact, they do offer more opportunities for more investors to improve their trading methods and strategies without the huge risk and anxiety that comes with the large profit and loss swings of standard lots. The smaller trades also allow investors to better customise their trades as part of a bigger risk or money management strategy.

Similarly, mini-forex accounts generally do not have a maximum trading volume. So, seasoned traders, or traders who have particular confidence in their analysis can still use the same accounts to place trades equivalent to standard lot trades.

As a child growing up, I had dreams of becoming a motor cycle car driver. Fortunately my parents were far sighted enough to start me on tricycles. As I grew older, I graduated to a real bicycle, with training wheels. Later, those training wheels came off, one at a time, until I could safely ride a bicycle unaided.

Anyone who has ever done some type of trading will remember the overwhelming feeling when they started out. This feeling is not dissimilar to that faced by a novice contemplating a bicycle for the very first time. You have to balance, steer, and pedal, all at the same time, whilst remembering to use the brake when necessary. It can be done though, as the millions of cyclists across the globe prove on a daily basis. All it takes is a little practice.

In the bicycle example, two choices are available. Dive in, and earn a few bruises on your way to proficiency, or, slowly dip in with training wheels, taking more control as you become more proficient.

Fortunately, in forex trading, a form of these training wheels does exists, the demo account. Trading on demo accounts is like the real trading, except it allows you to ‘fall off’ without bruising your kneecaps.

So, what is a demo account? A demo account is an account opened with a brokerage firms, that allows you to place trades based on real data, without risking any money. Most brokerage firms will allow you to set up a forex trading demo account absolutely free of charge. All the analysis tools and realtime market data is also made available. In some instances, real live brokers are available, even for customers trading on demo accounts, to guide you through the forex trading process. This is probably essential when you are starting off.

The computing age has ushered powerful machines, tools and techniques that were previously only available to the big banks. These tools and software packages vary greatly in sophistication and complexity. Having said that though, many of them are turning profits for their users on forex trades daily.

Because demo accounts work on realtime data and quotes, they are ideal for testing the various software packages on the market. You can use the demo accounts to execute trades based on recommendation and strategies from the different packages, and your ‘profits’ and ‘losses’ to determine whether to keep the packages or return them for a full refund.

As the old adage goes, practice makes perfect. Demo forex trading accounts do not charge you commission, so you can trade as often as you want. Making a lot of trades will help boost your confidence and familiarity with the various tools and packages. It also allows you to experiment with different trading strategies, all in the comfort that you are not risking real money.

It is worth noting that the level of service you will get on the forex trading demo accounts will vary from one brokerage firm to the next, so it is worth checking before committing. Given that they don’t cost you any money though, it is probably a good investment of your time to try different firms’ offerings before settling on one.

Researching firms online is a good way to start. It is important to remember though, that the internet makes it easy for garbage to be posted about a firm. It is worth reading through comments, both negative and positive, and trying out a firm’s offering via a demo trading account before commiting.