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A comprehensive Globalprimeau.com.au review for your cosnideration

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The company that we are going to talk about now is no longer a newcomer to the industry. The globalprimeau.com.au Forex broker has been around for almost a decade now, and in that time they have had every chance and every opportunity to prove themselves to be more than just another company that came to Australia to encourage people to start trading Forex. Still, while the company has managed to start offering relatively new and interesting products in its time in the industry, it has also managed to earn the ire of many a trader and many a reviewer like us. The problem with the company is not the fact that they are a scam, but that they simply do not do enough to make themselves better than any of the other options available on the Australian Forex market today. So, with a critical mind and a grave heart, let us start this Globalprimeau.com.au review and see, what the company could do better, in order to receive a positive review from us.

Leverage: 1:200 Licences: ASIC

Min. Deposit: 200 USD Bonus: 30 USD

Spreads: from 0.7 pips US Clients: No

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EuroPrime review – or why it is important to read about a broker before trading with them

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Another day another broker, right guys? Well, today we have something of a special review prepared for all of you. Today we are talking about the EuroPrime Forex broker, which also known as the prime example of why you should read about a broker before you start trading with them. Why? Well, there is a simple reason. This broker has been operating on the European Forex market for a while and in those years, it has managed to become one of the worst brokers to ever grace the face of this planet. While the broker might not be a scam, they are definitely not the kind of broker that you eve want to deal with. They dedicate most of their resources to marketing while keeping the rest of everything about the brokerage sub-par. This results in many of the users they get being badly burned and never coming back to them. This is also why we are writing this review – so you know never to trade with them. So, let’s get into what these guys do and why you shouldn’t trade with them.


Leverage: 1:400 Licences: FSC Belize

Min. Deposit: N/A  Bonus: N/A

Spreads: from 0 pips US Clients: No

Looking for a good Forex broker? Try XM instead!

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AxiTrader is helping partners do better

AxiTrader is one of the most reliable Forex brokers out there. These guys have spent the past decade forming strong relationships with their clients, building up relationships with partners and giving everyone plenty of room to grow.

And yet, despite the help they’ve been giving out, it seems the global trading community – or at least those in the partner/affiliate space – hasn’t really caught onto all the opportunities. So, they’ve decided to kick it up a notch with something they’re calling the AxiTrader Partnership Program.

Essentially it’s a two-tier bonus system where partners or affiliates who go above and beyond to help bring new clients into the fold will get extra payouts on top of the regular benefits.

Leverage: 1:400         Licences: ASIC, FDA, FDSA, FMA

Min. Deposit: $0         Bonus: N/A

Spreads: from 0 pips   US Clients: No

Become an AxiTrader affiliate now!

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AxiTrader offering lessons from Knightsbridge Trading Academy

Anyone who’s ever done any online trading will know that the most important tool they have in their arsenal is knowledge. The more you know, the better your trade decisions are likely to be and the better your chances of being able to bank a profit.


Leverage: 1:400         Licences: ASIC, FDA, FDSA, FMA

Min. Deposit: $0         Bonus: N/A

Spreads: from 0 pips   US Clients: No

Start learning with AxiTrader now!

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The AxiTrader Autochartist assitant

One of the most useful tools currently going around in trading circles is Autochartist. But it isn’t as well known as it perhaps should be, which is a shame since the tool itself has a good deal of reliability and efficiency in terms of what it offers traders.

 

Leverage: 1:400         Licences: ASIC, FDA, FDSA, FMA

Min. Deposit: $0         Bonus: N/A

Spreads: from 0 pips   US Clients: No

Get AxiTrader Autochartist it now!

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AxiTrader VPS, or how to get the best Commercial Network Services

Not many people realise how important it is for a broker to provide their users with a high-quality VPS. In fact, many people don’t even know what a VPS is. Fortunately AxiTrader have their clients well sorted it with a high quality offering of VPS options which they can access free with a few conditions, depending on which setup they’re looking to go for.

But first, let’s get back to the basic question…

 

Leverage: 1:400         Licences: ASIC, FDA, FDSA, FMA

Min. Deposit: $0         Bonus: N/A

Spreads: from 0 pips   US Clients: No

Start working with the AxiTrader VPS now!

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Trade like a psychic with the AxiTrader PsyQuation

What do traders appreciate most in their dealings with a broker? It’s easy to think about things like good pricing, quick order execution and easy withdrawals, but one of the best things a broker can do is provide a range of cutting edge tools to improve a person’s chances of trading successfully. This is why we’re so excited about the AxiTrader PsyQuation offer that can be accessed if you become a trader with them.

 

Leverage: 1:400         Licences: ASIC, FDA, FDSA, FMA

Min. Deposit: $0         Bonus: N/A

Spreads: from 0 pips   US Clients: No

Start using PsyQuation today!

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Financial Regulations in South Africa

Financial regulations are one of the most important aspects of a good Forex broker. The regulator makes sure that the broker is not doing anything shady and also gives guarantees to traders that no matter what happens they will be able to compensate for their defrauded funds. This is why we pay so much attention to regulation in our reviews, in most cases a lack of regulation is so serious that a broker can immediately be branded as a scam, but in some cases, a strong and popular parent-corporation is enough to cover all of the questions.

Nearly every country has a Financial regulator installed by the state, but there are a few exceptions where they are lacking. Most notably, financial regulators are few and far between on the African continent, but some stand out very easily. is one of the best examples of a shining light among an under-developed financial sector. It is a perfect example for its neighboring countries and a beacon of regulatory frameworks. Let’s find out what makes the FSCA (Financial Services Conduct Authority) stand out from the crowd.

Defining features of the FSCA

the FSCA, formerly known as the FSB is the state governed Financial regulation of South Africa, which is directly responsible to regulate, govern and keep an eye on most financial companies. These companies include but are not limited to Forex brokers, Insurers, capital markets, financial service providers, collective investment schemes, retirement funds, credit agents and many more. Every company that is remotely dedicated to these industries will be susceptible to FSCA regulations.

However, we need to discuss what defines the FSCA as the top-dog within Financial regulators? is it because they’re strict? No, every regulator is strict. It’s because they provide more value to financial companies’ customers than any other regulator. Where most regulators focus on keeping an eye on the financial companies themselves, the FSCA is also concerned with the financial education of the customers and is offering them some free courses on their platform.

These types of innovations have not yet been seen on any other regulator, and it is understandable. The financial education of a customer is either the responsibility of the customer themselves, or the host company. But it never hurts to have some free knowledge, does it?

The FSCA is quite broad

One of South Africa’s defining traits is the way their financial institutions are able to co-operate. For example in most European and offshore states, the Financial Regulator and the National Bank seldom have a good relationship. But the FSCA and the SARB (South African Reserve Bank) are able to co-operate without too many controversies. Their recent cooperation was seen when discussing , which is becoming more and more of a topic of concern. Especially after the results of a recent survey showed that South Africa is the largest crypto holding nation in terms of population percentage.

However, the most defining traits of the FSCA is their ability to intervene in a dispute between a Forex broker and a customer, where quality investigations are held and the “winner” of the dispute is found. This is a great benefit for the customer because in some cases Forex brokers can simply ignore the dispute, but the regulator’s pressure they simply can’t afford to.

As already mentioned, the FSCA is responsible that only the most trustworthy companies are regulated under its jurisdiction, so as to prevent any fraudulent companies to scam the local populace. However, if there is a mistake and a regulated company does indeed turn out to be a scam, the regulator takes all of the responsibility to compensate for the loss.

How to use the FSCA

There are various ways you can utilize the services of the FSCA, but only 1 of them stands out the most for Forex traders. The ability to check the validity of a Forex broker in South Africa. Meaning that you can access the regulator’s databases and check whether or not the company is regulated by them. In some cases, the company may be listed, but not hold the license anymore, so it is always good to double-check with the regulator to make sure you’re not walking into a trap.

The FSCA has actually just gone through a massive change of operations. Exactly a year ago, on April 1st the regulator changed its name from FSB to FSCA and also re-worked its staff. Although not much has changed, here are the main points.

  1. The FSCA is responsible for giving investors financial education.
  2. Constant overview of the KPIs and the development of South Africa’s financial sector.
  3. Legal assistance for investors in case of company fraud, and fining any .
  4. Spreading information about potential changes with regulated companies.
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Russia to invest billions in Bitcoin

Diversifying one’s assets is a very accepted practice in the world of trading. All stock managers recommend doing so in order to keep your funds safe, especially when the market seems to be a rather bearish or the economy seems to be slumping a little bit. So it comes as no surprise that the Russian government has decided to diversify its assets by investing into Bitcoin.

Sanctions and loopholes

The Russian government has been facing sanctions for many years now. The western world has deemed some of its actions unsavoury and imposed a trading and financial sanctions upon the nation that have been weighing rather heavily on the economy. Even despite the occasional rise in the prices of oil, the country has been struggling to keep a healthy economy, with the slump continuing as Russia has trouble trading with the world in natural and financial resources alike. The result is that the Russian government has returned to a plan they had devised a little while ago: to start investing in cryptocurrencies. The initial plan, as it was first offered many months ago, was to create a national digital currency, nicknamed by those who were paying attention at the time as the “crypto Ruble”. The plan was denied at the time and this time again, with the Russian government opting instead to invest in already existing cryptocurrencies.

The investment itself might seem a little strange, judging by how bearish the market is, but it makes a lot of sense in terms of international trade and politics. Cryptocurrencies allow trade without bank intervention and with Russia having to face sanctions, banks have been getting in the way of their trading. By diversifying the country’s crypto portfolio and picking up some valuable digital assets, Russia might be able to get back on track in terms of world trade without having to deal with banks.

Effect on the market

The cryptocurrency industry has been booming lately, but the market remained bearish after the drastic price increase in 2017. Since then Bitcoin and Altcoins have fallen in value a whole lot. The good news is that the Russian government, while not making any specifications, is promising investments in the size of several billion dollars. Such a capital infusion from an institutional investment might be just what the market needs to be revitalized. The resulting value increase for Bitcoin might also be quite a boost to the Russian economy as the value of their investment increases as well.

Such a large scale investment is good news to other Russian interested parties as well. Gazprom bank, a subsidiary of the Gazprom corporation, has recently announced that it will be looking into offering digital asset services to its clients and might be investing in the coins themselves. Another large scale investment from an institution might be all that cryptocurrencies need to produce high rates of return for a company like Gazprom.

What is even more interesting is that such institutional interest might cause retail traders to come back to the crypto markets in hopes of getting a slice of the investment pie. What all of this actually means for the cryptocurrency industry and the crypto industry overall is yet to be seen.

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