Trading Accounts RSS feed for this section

A comprehensive review for your cosnideration


The company that we are going to talk about now is no longer a newcomer to the industry. The 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 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

Continue Reading →

Continue Reading

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


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!

Continue Reading →

Continue Reading

ETFinance Forex broker review – a detailed analysis


ETFinance is a relatively new Forex brokerage in the industry and it has entered the market with flying colors. In our ETFinance review, we will focus on discussing the broker’s trading conditions, its legal documentation for offering financial services to various markets and many many more.

We will make sure to compare ETFinance to the industry standards currently in place for Forex and determine whether or not the company is able to surpass the average or whether it fails in the attempt.

Leverage: 1:30  Licences: CySEC

Min. Deposit: 215 EUR  Bonus: N/A

Spreads: from 0.7 pips US Clients: No

Like what you see? Try ETFinance now!

Continue Reading →

Continue Reading

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.

Continue Reading

FXTM Loyalty Programme

When trading the forex market, your broker should be your most trusted partner. Not only do their services allow you to access the markets, but you also trust them with your money. However, this trust should be shared both ways, not just from the customer to their broker. Therefore, FXTM are taking steps to reward loyal customers through their new Loyalty Programme. It’s not enough for a broker to sign up new clients, they also need to keep the ones they’ve got satisfied. That is what this new programme aims to achieve – to give back to existing clients.

FXTM Rebate Bonus $4
  Minimum Deposit:
 $200               Maximum Rebate: $5 per Lot

   Bonus Period: 3 Jul 2017         Eligibility: New and Existing

  Spreads: from 0 pips                       Restricted Countries: N/A

This deal is unreliable! Sign up with XM instead!

Continue Reading →

Continue Reading

GSG Forex No Deposit Bonus

There is an offer to open GSG Forex No Deposit Bonus Account and receive $200 No deposit. This offer is given to old customers and newcomers in order to celebrate the GSG online community. However, this is not a good deal and it will be better for you to stay away. Wonder why? We will explain.

Size of Bonus:
 $200     Trading Platform: Meta Trader 4

Expiration: N/A               Min. Volume: 20 Lots

Leverage: 1:100                 Required Action: Account

This deal is unreliable! Take 30 USD from XM

Continue Reading →

Continue Reading

cTrader – Best FX Platform 2015

cTrader Awarded best fx platform 2015FX retail industry has been strongly dominated by MetaQuotes for over a decade, yet the year 2015 is certainly a game changer. With over 80 connected brokers by the month of June 2015, Spotware is here to change the whole philosophy behind trading Forex. Today we are happy to announce that cTrader by Spotware is acknowledged as the Best FX Platform 2015 by Forex Bonus Lab’s community.

Why cTrader?

There are many reasons why traders would actually prefer cTrader to MT4, MT5 or any other platform in the armoury of FX brokers, however, our readers have summarised the following reasons to be the most crucial ones:

Continue Reading →

Continue Reading