7 tips for choosing a trusted forex broker in Indonesia - Augusta Free Press

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• 7 tips for choosing a trusted forex broker in Indonesia - Augusta Free Press
• AM Forex Broker enters the Kenyan market - The Standard
• London forex broker Argentex goes public in £120m float - City A.M.

7 tips for choosing a trusted forex broker in Indonesia - Augusta Free Press Posted: 20 Jun 2019 08:47 AM PDT Many people across the world are embracing forex trading as a way of earning a living and Indonesia is not an exception. Although several people are interested in joining the market, everyone wants to minimise the chances of losing money. One of the best ways to do this is to find a reliable forex broker. Once you have found the right forex broker, then you have better chances of succeeding. Credit: Rawpixel.com To help you out as you get started, here are some of the best tips that you can use to find a trusted forex broker Indonesia. 1. Read reviews on trusted forums online According to forex trading indonesia, The government recognises regulated forex brokers. Since they are answerable to the authorities, they offer outstanding services. The regulators have strict rules and regulations to which the brokers are bound to adhere. One can easily find details and reviews, as well as past performances of the brokers when they look at the right sources on the internet. Before you start trading with a new broker, you should find out if BAPPEBTI regulates them. 2. Look for Brokers with Low Transaction Cost The small transaction is also known as the spread, by veteran traders. While the stock is traded using a central exchange, the currency isn't. This explains why seasoned brokers in Indonesia use various spreads. Spread ought to be considered as the primary factor since picking traders with unusually large ranges might risk your financial wellbeing due to massive losses and bad debts. To stay safer, you need to confirm whether the spread is fixed or variable. If you can find a fixed range, that would be great since it remains constant throughout. Most investors in Indonesia prefer using variable spreads where it is the market forces that determine the spread. You will learn that there are few traders when the market is rather silent and wider spreads when the market gets busy. 3. How is Their Customer Support? Before you choose a forex broker Indonesia, you need to understand that the market is quite dynamic. Therefore, you need to use services where the support team is live 24 hours a day. If you can get their attention using different avenues, then it means they are reliable hence can be trusted. It is essential to check and see that their customer care services can be accessed on the phone. This is vital in case your internet connection gets slow. 4. Check the Software Used and the Trading Platform This might be hard to know, but there are demo accounts that can help you identify the type of software used by a forex broker. By using the demo account, you can get to know how their trading software behaves. It is crucial that you pick a broker whose services you will be comfortable using. There must be standard trading features on the platform or software that they are using. Since some features can only be accessed by premium users, you must understand what you are getting into. Know the cost of using the services of your broker and whether you are okay with them. 5. Know their Minimum Trading Size In Indonesia, most brokers use a variety of different trading accounts. The two that are most common are the standard account and mini-account. The significant differences between the two accounts are the payouts. For beginners, the mini-account is the best, since it has minimum risks involved compared to the standard accounts. 6. Find Out Their Withdrawal Fees As a trader, every coin that you spend counts. After you get started, you will need to cash out consistently. Some brokers will disburse money to your account daily, while some may take several months. You are free to choose which one would work best for you. Do your homework on the amount of percentage of withdrawal fees, and the frequency at which your money will be sent to you. 7. Understand Their Margin and Leverage Policy Before creating an account, ensure that you fully comprehend the brokers' margin terms. Some questions to which you need to seek answers include the margin requirements, and what the margin terms are, in the first place? You also should know how to compute the time, day, and week that you will be allowed to trade. To get the best forex broker in Indonesia, you need to have a clear understanding of how the market works. This implies that rigorous research is mandatory before opening an account with any broker, in Indonesia focus on Bappebti regulated brokers. When picking a forex broker, don't rush. Instead, take your time to ensure that you are making the right moves to avoid mistakes which can be costly. Like this: Like Loading... 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AM Forex Broker enters the Kenyan market - The Standard Posted: 17 Jun 2019 06:36 AM PDT Sponsored Content Institutional Forex & CFDs provider AM Broker is looking for new local representatives and affiliates to "to lead and operate our planned retail expansion in Kenya" according to a press release.AM Broker allows people to buy and sell shares, indices, commodities, currency pairs, and cryptocurrencies through its trading apps for desktop, web, and mobile. It bypasses large investment requirements, traditional commission and trading fees that institutional brokers charge by using technology and affiliates to cut operating costs to the bare minimum.They also provide an advanced copy trading system that brings investors and traders together, allowing investors to earn on the Forex market without trading on their own and managers to receive additional income through efficiently managing investor funds.On top of it, with their ultimate Expert Advisor Generator & Strategy Builder used by institutional traders, you can build your own automated strategy in a couple of clicks, without writing codes.It makes its money from the interest it gets on uninvested client deposits it holds and spreads. It is planning to "democratize forex trading in Kenya by giving access to multi-assets and institutional grade liquidity in one single trading account from any device and operating system", according to Amira, Public Relationship Manager for Africa and the Middle East.Is one of the hottest fintech — financial technology — in Africa that continued to impress with the quality of their product and the pace of growth. The brokerage already became a Forex IB Start-Up Hub after just a few months since their retail expansion.They've not just made trading simpler, safer and smarter, but by their revenue stream, they've opened up multilevel partnership programs to a generation of Kenyan Millennials who can operate their own business with ZERO start-up costs.The partnership program listing on AM Broker's website says the company is recruiting introducing brokers and local representatives, who would operate online or through their own office. Franchising is also possible. The listing makes clear that whoever takes the affiliate role would effectively earn up to 50 per cent Revenue Share (credited after each trade is completed) and up to $2.000 per introduced client (monthly payment), the largest revenues in the online trading and investing business.Their complete solution frees up the time, cost and technical expertise required to build and operate a successful business in Kenya: dedicated sub-domain, landing page generator, banner rotation system, easy to use tracking, transparent management, customized promotions, and a personal account manager.AM Broker announced plans to expand to Africa but it does not appear to have launched all over yet. The company is still advertising for introducing brokers and local representatives to lead its Vietnamese operations.A spokesperson for AM Broker told standardmedia.co.ke: "We're actively building affiliate teams in Vietnam to spearhead our retail expansion. We do not have a launch timeframe for each country to share right now." For the latest news in entertainment check out Sde.co.ke and Pulser.co.ke , for everything sports visit Gameyetu.co.ke and ladies we have you covered on Evewoman Related Topics AM BrokerForex Trade

London forex broker Argentex goes public in £120m float - City A.M. Posted: 20 Jun 2019 03:55 AM PDT London foreign exchange broker Argentex pulled the trigger today on a listing that values it at £120m.Argentex assists businesses and high-net worth individuals with forex transactions related to their business needs, but does not engage in speculative trades for its clients or offer margin trading, spread betting or similar products. It has conditionally raised £14m before expenses at 106p per ordinary share by the way of an institutional placing of 12.6m ordinary shares. In addition, 30.6m ordinary shares are being sold by the selling shareholders who are in line for a £32m windfall. Admission to the market is expected on 25 June. Co-chief executive Harry Adams told City A.M.: "We really needed the extra capital in order to take on the demand we are seeing. The IPO was an obvious choice for us. It raises that capital and allows us to remain independent."Adams and co-chief executive Carl Jani will hold approximately 12.2 per cent each of the company on admission with other members of management holding approximately 7.7 per cent.The placing and subscription is expected to raise net proceeds of £12.5m for the company.It said it intends to use £10.5m to increase its trading capacity and £2m to pay down borrowings.The company started trading in 2012 and has been profitable every financial year since. For the year ended 31 March it reported revenue of £21.9m and operating profit of £9.4m. Adams said: "We are in a space where we believe that it's such a vast market that we are confident that the next few years, especially with this money behind us, is going to allow the company to accelerate and maintain and build on the momentum we have seen." Numis is acting as broker and bookrunner and Kinmont is acting as financial adviser.

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