CySEC ASIC FSA-Seychelles
C.B.I, B.V.I, ASIC, FSCA, ADGM
Free Demo $100.000
FSA, FSCA, ASIC
ASIC, FCA, CySEC
Recent changes to regulations and additions to trading features should be considered whether selecting a broker for the first time, or when searching for an additional or replacement broker.
In terms of forex broker safety, recent regulation changes may have you wanting to take a closer look at Cyprus-based brokers. The Cyprus Securities and Exchange Commission has made the decision to require brokers located within Cyprus to follow the rules laid out within the Investment Services And Activities and Regulated Market Laws. In simple terms, brokers here will need to be licensed. This should provide you with a higher level of confidence when selecting a Cyprus based broker.
The landscape of regulation in fixed time trading is frequently changing, as are the additional trading features now being offered by brokers. The addition of 60 Second trades has now become “old news,” as buy me out (sell), double up and rollover features have been added. Some brokers are now even offering pair trading for use with assets other than currency pairs. Should you wish to take advantage of these new features, a broker change may be in order.
Another are in which an updated report is needed would be in the area of banking methods. Many brokers have added new banking methods to their deposit and withdrawal lineups.
Though most fixed time traders do choose to use credit cards or bank transfers for their banking needs, the desire for additional options was strong enough that some brokers have added new forms such as online payment processors, MoneyBookers, Neteller, Perfect Money, and PayPal.
We have not noted any major changes in the areas of asset classes or trade types. However, we have noted that many brokers are now beefing up their asset indexes by adding new underlying assets. Since these are one of the keys to diversity in fixed time trading, be sure to visit the asset index page of each broker you may wish to partner with either now or in the future.
There has also been a small but notable trend in the number of brokers who are offering or allowing Forex signals within the trading platform. Some brokers may offer these outright, while others may partner with a signal provider in order to have signals imported directly into their platform for direct access and use by those who pay for this extra service. Should signals be important to you, this information could be important.
There is no denying that the broker selection process is far and away the most important first step in fixed time trading. The digital options trading industry is always changing and therefore brokers must change with it. Consider these latest developments when screening brokers in order to determine which will be the best selection for you.
CySEC ASIC FSA-Seychelles
FSA, FSCA, ASIC
If you have been demo trading for quite some time already, it might be time to open a forex account with real money. Before you do that though, you must make sure that you are able to trade confidently and make consistent profits. Aside from that, you must be aware that there are a few psychological differences in demo versus live trading.
The first main difference is that using real money makes the emotions very real. Ideally, we try to eliminate emotions when trading but losing real money on a live open forex account can be very frustrating and painful. With that, the pressure to make up for the losses is greater and the temptation to overtrade or to abandon risk management rules is tough to resist.
The lack of monetary risk on a demo open forex account makes trading decisions easier to make. Even if you try to imagine that you are trading real money, in the back of your mind, you know that your account can easily be replenished with demo money even if you blow it up. You are less nervous when making trade decisions to close early or to add to your position on a demo open forex account.
Before you are able to replicate your demo progress on your real account, you need to remind yourself to focus on the process and not the profits. Keep track of your demo trading success by noting down your decisions and mistakes in a trading journal. This way, you can identify what you can do better and which types of trading decisions you should consciously try to avoid.
Note that open forex account with live money could lead to losses at first as you try to make the necessary mental and emotional adjustments, but this shouldn’t stop you from focusing on what you’ve learned in demo trading and improving.
Traders from around the world are beginning to realize just how powerful Forex and Binary Options can be as a tool to generate more income. However, like many other industries, specifically those that involve investment, the need to have clear guidelines regarding what a broker can or cannot do has become increasingly apparent as the Forex community blossomed into a full-fledged industry.
This comes in the form of regulation. Essentially, regulation is a license granted to a broker by a supervising agency, guaranteeing that the licensee operates transparently and creates a safe trading environment in which traders receive tools and services of the highest class.
When a company is regulated, it means that it’s safer and more trust-worthy compared to non-regulated companies. All regulated companies adhere to certain minimum criteria that highlight the distinction between regulated and non-regulated companies.
For example, the company must hold a minimum share capital, employ and effective internal control mechanism that minimize the risk of conflicts of interest, and provide clear and accurate documentation of its financial activities. As a client, these requirements guarantee a certain level of service that is simply unavailable with non-regulated companies.
Regulation ensures that the client is protected from abuse by the broker as well as scams and frauds that may be the result of compromising the client’s private information.
As a regulated company offers traders these benefits and more. Trading platform is built with the highest security standards and is equipped with the most robust set of tools available. When trading you can focus on what’s really important – trading and generating revenue while enjoying fast payouts in a fully transparent trading platform.