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Author Archive | Forex Bonus Lab

Deutsche Bank to allocate 200 billion euros for sustainable investment

The situation around Covid-19 has had a sweeping impact on the whole world and especially Europe. The virus which emerged in Wuhan in December 2019 disrupted the regular operation of businesses and enterprises. A lot of people were left without jobs, the financial situation in numerous countries deteriorated notably. The United Kingdom, France, Italy, Spain – this is only a small portion of the countries that suffered from the virus. Continue Reading →

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ECN Trading

ECN stands for Electronic Communication Network or ECN broker which are Forex financial experts. They use electronic communication networks to allow clients to directly access other participants in the currency market. ECN is traded by a non-dealing desk platform. In other words, it means brokers will not forward orders to the liquidity provider.

Advantages of ECN trading

Advantages of ECN trading

●     Able to trade outside market hours

Even though you are busy with work during working hours, investment is not exempt because you can trade even outside market hours. Therefore, it is an advantage for traders who are unable to trade during normal business hours. Moreover, you can choose to trade at any convenient time or trade independently, which is a highly flexible trade.

●     Suitable for one who has high privacy

For , traders do not have to disclose their information. Therefore, this is good for investors who want to keep their private information confidential or do not want to disclose personal information in public. This is another advantage that greatly attracts investors.

●     Transparent price

Transparent price is considered to be the most beneficial to traders because all ECN brokers can access and trade at the same price. The amount of historical price data can always be checked, which helps investors to prevent price fraud. Therefore, traders can check the historical data of both past and present prices for use in future calculations.

●     All traders are equal

ECN trading will not allow one trader to gain benefits from the other. All traders can have equal access to the data. Therefore, you do not need to worry about inequality during trades.

Disadvantages of ECN trading

●     Trading fee

Although there are many advantages of ECN trading, there are definite inevitable disadvantages. There are higher charging fees and commissions on general trading than ECN trading. The trader should cogitate to reconsider the profits they received in each trade.

Conclusion

Investing your fund with ECN brokers is another alternative to facilitate traders more efficiently. This will help traders to conveniently trade currencies through brokers. Also, traders can choose to trade at any convenient time and not limited to trading only during business hours and the price is transparent, which they can check the history and prices. Anyone can trade and receive equal rights in trading.

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Libramarkets: Are the scam allegations true or false?

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Libramarkets is a broker that allows its users to trade over 250 assets spread among 4 different classes. The company describes itself as an international provider catering to users with different backgrounds, degrees of experience and financial strength. This new company has been fending off a wave of suspiciously timed negative reviews recently. Libramarkets rating in the trading community has been adversely affected by these reviews.

libramarkets logo
Leverage: 1:200               Licences: N/A

Min. Deposit: 250 EUR  Bonus: 15%

Spreads: from 0 pips        US Clients: No

Looking for a good Forex broker? Try XM now!

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UproFX review

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In this UproFX review, we will be tackling the discussion of whether or not the broker’s features are on par with the rest of the competition in the Forex world. We will also try to look into their controversy surrounding multiple UproFX scam reviews on the internet. Let’s begin.

UproFX review
Leverage: 1:100 Licences: N/A

Min. Deposit: €250   Bonus: N/A

Spreads: from 0 pips US Clients: N/A

Looking for a good Forex broker? Try XM now!

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JP Markets Broker Review

There are millions of people around the world who wish Forex trading was less mysterious. There is no denying that there are hundreds if not thousands of unregulated FX brokers which make FX trading a less attractive investment destination for many people. There are several basic features that every broker must satisfy in order for them to be considered legit. In our objective JP Markets review, we are going to look into the regulation details, account types, customer service, leverage, withdrawal of funds among other features of this broker.

JP Markets logo
  Min. Deposit:
 $200

  Trading Platform: MT4

   US Clients: Not Available

Looking for good broker? Sign up with XM now!

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Capital.com Forex broker Review

Most of the time, people find themselves lost when they try to search for a Forex broker with whom they can open an account with. This is because there is an immense number of brokers out there. People generally lack the knowledge to know what to check and the presence of rogue brokers makes it tough. In our Capital.com review, we are going to look into the main features of the brokerage firm which should help you determine whether its legit or not.

capital com logo
  Min. Deposit:
 $200

  Trading Platform: MT4

   US Clients: Not Available

Looking for good broker? Sign up with XM Forex now!

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Trade Capital Review

Before we start this Trade Capital review, we would like to talk about broker reviews in general. We are pretty sure that by now you have already understood the importance of reading reviews. Even if you wholeheartedly believe that a broker is trustworthy, even if you’ve already had the first-hand experience, it is always healthy to see the story from another perspective. That is why we always make reviews based on facts and statistics. Generally, traders will have a similar experience with a broker, therefore you can always check up on their forums or social media to see how your fellow traders are faring. Unfortunately, for Trade Capital, such forums are nonexistent.

Trade Capital Review
  Min. Deposit:
 $200

  Trading Platform: MT4

   US Clients: Not Available

Looking for good broker? Sign up with XM Forex now!

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An in-depth Finq.com review

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When you visit Finq.com, you will find the layout of the website quite appealing. However, if you are new to Forex trading or if you are browsing the internet for a legit FX broker, there are more factors to consider before signing up. In this Finq.com review, we are going to look into some of the key features of the brokerage firm that should help you determine whether the firm is legit or not.
finq logo
Leverage: 1:300                    Licences: SFSA

Min.Deposit: 100 USD           Bonus: $50

Spreads: from 1 pip                US Clients: No

Looking for a good Forex broker? Try XM now!


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OctaFX Deposit Bonus Review

OctaFX is a broker that allows customers to trade in 28 currency pairs, 10 indices, select cryptocurrencies, commodities such as gold and Brent crude oil and more. The company has gathered over a million user accounts and has executed more than 250 million trades. OctaFX operates multinational and currently, reaches customers in 100 countries. Interestingly, the company provides on its website a number depicting the total amount of money paid out as bonuses that are updated live. At the moment of writing, the number stands at $2,436,492. This was achieved through an OctaFX bonus scheme that allows customers to receive up to 50% for free on each deposit. Below we provide the OctaFX bonus review as well as the details on how to obtain it.

OctaFX Review Forex Broker
  Minimum Deposit:
$50                Maximum Bonus: N/A

   Bonus Period: N/A                      Eligibility: New

  Spreads: from 1 pip                  Restricted Countries: US

Ready for account boost? Sign up with OctaFX! 

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