Brokeree Solutions launches new product - Dynamic Margin and Leverage for MetaTrader brokers - Leaprate Forex Trading News

Brokeree Solutions launches new product - Dynamic Margin and Leverage for MetaTrader brokers - Leaprate Forex Trading News
SPONSORED: 10 Reasons why Hot Forex is Zimbabwe's most used forex trading platform (Reviewed) - The Southern Times
Plus 500 versus IG – Malawians' favourite Forex Platforms compared - Nyasa Times

Posted: 21 May 2020 06:49 AM PDT

[unable to retrieve full-text content]Brokeree Solutions launches new product - Dynamic Margin and Leverage for MetaTrader brokers Leaprate Forex Trading News

SPONSORED: 10 Reasons why Hot Forex is Zimbabwe's most used forex trading platform (Reviewed) - The Southern Times

Posted: 19 May 2020 07:59 AM PDT

Hot Forex Overview

Hot Forex is a regulated, award-winning online Forex broker which offers market-maker execution across all 5 of its different account types. Traders are provided with a choice in over 100 securities, Forex, CFDs and more.

Since 2010 to date, over 350,000 accounts have been opened with Hot Forex and during this time, Hot Fore has won 18 different industry awards.

When trading with Hot Forex, Zimbabwean traders can be assured that their funds are secure as client funds are kept in segregated accounts with major global banks.

Hot Forex also offers negative balance protection in addition to compensation to clients should there be any errors, omissions, negligence, fraud, or other risks which could result in great financial loss.

Why is Hot Forex the best option for Zimbabwean traders?

1. Highly and strictly regulated

Hot Forex is regulated and authorized by some of the most reputable regulating bodies which includes:

CySEC – Cyprus Securities and Exchange Commission.
FSC – Financial Services Commission of the Republic of Mauritius.
FSP – Financial Conduct Services of the Republic of South Africa.
FCA – Financial Conduct Authority of the United Kingdom.
DSA – Dubai Financial Services Authority.
FSA – Seychelles Financial Services Authority.

Being regulated and authorized by such a large amount of regulating bodies means that Hot Forex is subjected to strict regulations pertaining to its operations along with the way in which it handles clients fees and ensures the security thereof.

2. Variety of Accounts

Hot Forex offers traders a choice between six different accounts to ensure that a variety of Zimbabwean traders, given their skill, experience and knowledge pertaining to trading is catered for.

The variety of accounts provided also ensures that Hot Forex's offering suits a variety of trading plans subjected to various factors such as budgetary limits, time dedicated to trading, and more.

Micro Account – minimum deposit of 5 USD/EUR, spreads from 1 pip and leverage up to 1:1000 with no commissions charged on trades.
Premium Account – minimum deposit of 100 USD/EUR, spreads from 1 pip, leverage up to 1:500 and no commission charges.
Zero Spreads Account – minimum deposit of 200 USD/EUR, spreads from 0 pips, leverage up to 1:500 and commissions charged on Forex.
Auto Account – minimum deposit of 200 USD/EUR, spreads from 1 pip, leverage up to 1:500 and zero commission charges.
PAMM Account – minimum deposit of US$250, spreads from 1 pip, leverage up to 1:300 and zero commission charges.
HFCopy Account – minimum deposit of $500, spreads from 1 pip and leverage up to 1:400 with zero commissions charged on trades.

3. Reasonable spreads and fees

Hot Forex requires extremely low minimum deposits especially when keeping their extensive accounts and features in mind. When compared to other brokers' offering on premium and advanced accounts, Hot Forex has the absolute best offering.

The spreads provided by Hot Forex are extremely low despite the account that the Zimbabwean trader chooses and there is a zero commission fee on the majority of accounts provided.

In addition, there are no fees charged when depositing or withdrawing funds.

4. Variety of Financial Instruments

Hot Forex offers traders the opportunity not only to trade Forex, but also the following financial instruments:

Cryptocurrencies such as Bitcoin, Ethereum, Litecoin and Ripple.
Precious metals such as gold and other spot metals
Indices such as the USA500, the UK100 and more.
Shares from leading companies around the world
Energies
Commodities from as little as US$10
Bonds

5. Reliable and reputable trading platforms

Hot Forex offers Zimbabwean traders the use of Metatrader 4 and Metatrader 5 in conjunction with their Hot Forex Account.

Both MetaTrader 4 and 5 were developed by MetaQuotes Software Corp. with MetaTrader 4 being a Forex-only trading platform and MetaTrader 5 providing access to more financial markets.

MetaTrader 5 is the improved version of MetaTrader 4 which offers a significant amount more technical indicators, analytical tools, timeframes in which to view charts, and more.

Both MetaTrader 4 and 5 are reputable, reliable trading platforms that cater for both beginner traders and those who are more advanced, regardless of the traders' needs.

Both MetaTrader 4 and 5 can be downloaded for use on Desktop, Android and iPhone devices or they can be utilized through the WebTerminal.

6. Educational tools

This is one of the crucial requirements when Zimbabwean traders evaluate different brokers as the provision of educational tools not only helps traders learn to trade, but it allows them to learn about trading by specifically utilizing the broker's offer.

Hot Forex provides traders with Forex Education/e-Courses, tutorial videos, webinars and events that are announced ever so often as they occur.

7. Research

Research tools and resources allow Zimbabwean traders to conduct technical and fundamental analysis more comprehensively, resulting in traders being able to make more accurate and profitable trading decisions.

Hot Forex provides traders with the following:

Hot Forex App
VPS Hosting Service
Trader tools
AutoChartist tools
Trading calculators
Exclusive analysis
Economic calculator, and more

8. Promotions

Promotions and bonuses are the best ways in which brokers not only attract new customers, but also a way in which loyal customers are rewarded. Some promotions are even aimed at increasing trading activities through trading bonuses.
Learn more about forex trading for dummies here.

Hot Forex offers traders with the following promotions:

100% super charged bonus on deposits of US$250 and more, 30% rescue bonus on deposits over US$50, 100% credit bonus for traders trading higher volumes.
Trading Rewards Loyalty Program based on four different reward levels depending on the volume being traded and the active trading days of the trader.
Trading contests in which traders stand a chance to win a variety of prizes.
Free Account funding which is provided to all live accounts. Should the trader's bank charge them for transactions on deposits or withdrawals, traders will be refunded for any fees waived.
Hot Forex also has a wide range of merchandise that is provided to loyal traders and partners.

9. Ease with which deposits and withdrawals can be made

Hot Forex supports a variety of payment methods such as Bank Wire Transfer, Credit/Debit cards, online payment solutions which includes Bitcoin Cash, Bitcoin and Skrill.

Deposit and withdrawal fees are not charged and should the Zimbabwean trader's bank charge them for transactions, the fees can be claimed back from Hot Forex.

10. Superior customer support

Hot Forex provides customer support which is helpful, prompt, and available 24 hours of the day, 7 days a week. Zimbabwean traders can contact Hot Forex support either via email or telephone, or by making use of the Live Chat function.

Final Thoughts

Hot Forex is the best and most used trading platform in Zimbabwe due to its comprehensive and outstanding offering which is all-encompassing and catered to suit the trading needs of a variety of traders, despite their skill, knowledge, experience, or budgetary limitations.

Open your FREE TRADING Account Now

Plus 500 versus IG – Malawians' favourite Forex Platforms compared - Nyasa Times

Posted: 27 May 2020 10:08 AM PDT

Plus500 has been in operation since 2008, giving it around 12 years in operating experience. This broker is based in the United Kingdom, Australia, Cyprus, and in Singapore, with headquarters in Haifa, Israel.

IG

IG has been offering different trading services since 1974, providing it with around 44 years in experience, substantially more than Plus500. In addition, IG is based in Australia, the UK, USA, Switzerland, UAE, Singapore, and Japan, with headquarters in London, UK.

2. Regulation

Plus500

This broker is highly reputable and well-regulated by strict and demanding regulatory entities which includes FCA, ASIC, CySEC, MAS, FMA, and FSCA.

Plus500 is available in more than 30 countries and offers multilingual support in more than 30 languages. There are however some countries where trading services cannot be provided, such as the United States.

IG

As far as regulation is concerned, IG is authorized and regulated by a substantial amount of regulatory entities, providing IG with a significant amount more client coverage in other countries.

These regulatory entities include the FCA, CFTC, NFA, BaFin, FINMA, ASIC, FMA, MAS, FSA, FSCA, DFSA, JFSA, METI, and MAFF.

The list of countries that IG cannot accept clients from is extensive, and includes Afghanistan, Canada, a lot of African countries, amidst a total of nearly 50 countries not accepted.

3. Markets and Financial Instruments

Plus500

Plus500 has an extensive and comprehensive offering of over 2,000 financial instruments that are spread across the following asset classes:

Forex CFD Trading
Index CFD Trading
Cryptocurrency CFD Trading
Commodity CFD Trading
Stocks CFD Trading
Options CFD Trading
ETFs CFD Trading

IG

There is an impressive amount of financial instruments and markets provided by this broker, which includes trading in:

80+ Forex pairs
38+ Indices
More than 6,000 Stocks and Shares
30+ Commodities
7+ Cryptocurrencies
10+ Bonds
More than 1,500 ETFs
10+ Metals
7+ Energies, and
8 Interest Rate Futures

4. Trading Accounts and Fees

Plus500

There is only one, standard accounting option with Plus500 which caters for a variety of clients as opposed to other brokers offering a variety of different accounts to meet the needs of traders.

There is a minimum deposit of $100 and leverage depends on the country of residence and area of jurisdiction under which traders fall, ranging from 1:5 up to 1:300. There are no commissions charge on trades.

Provision is made for a Professional Account and a Demo Account.

Spreads are incorporated into the quoted rates and in addition, Plus500 charges overnight fees, currency conversion fees and a $10 fee should the trading account become inactive for more than three consecutive months.

IG

There are quite a few accounts offered by this broker, including:

IG Trading Account
IG Professional Account
IG Options Trading Account
IG Turbo24 Trading Account
Limited Risk Account
Share Dealing Account
Swap-Free Account
Exchange Account on NADEX
Demo Account

To open an account, a minimum of $250 or currency equivalent is required. Leverage offered is up to 1:200. Spreads vary depending on the type account and the financial instrument traded and commission charges apply when trading stocks or ETFs.

Additional trading fees include guaranteed stop premiums, an inactivity fee of £12 should the trading account become dormant for two years or more, and a currency conversion charge of 0.5%.

5. Trading Platforms

Plus500

Instead of using and offering third-party trading platforms, Plus500 offers its own proprietary platform which can be used on most desktop computers, iOS, Windows, and Android mobile devices in addition to a Plus500 WebTrader.

IG

IG provides traders with a choice between quite a few trading platforms that can be used on desktop computers, laptops, web browsers and mobile devices running on both iOS and Android operating systems.

The trading platforms offered by IG include:

IG Trading Platform
ProRealTime, or PRT
MetaTrader 4
L2 Dealer
IG FIX API

6. Trading Tools

Plus500

There is a decent selection of trading tools provided which are built into the Plus500 proprietary trading platform in addition to the more commonly used charting tools which include technical indicators and various drawing objects.

Trading tools provided by Plus500 include:

Economic Calendar
Risk Management Tools
Set Price Levels – Stop Loss and Take Profit, Guaranteed Stop and Trailing Stop
Real-time alerts available on all devices

IG

Traders have a wide selection of in-platform tools to choose from with MetaTrader 4, for instance, providing a substantial amount of its own.

Additional tools provided by IG include:

Technical and Fundamental Indicators
IG Trading Alerts
Trading Signals
AutoChartist
PIA-First – which is a trading strategy
Automated Trading

7. Risk Management.

Plus500

Plus500 provides traders with ways in which they can manage their trading risks such as stop losses, limit orders, trailing stops, and price alerts.

IG

IG provides traders with the same types of risk management with the exception that it also offers one click trading, and signal trading.

8. Education

Plus500

This broker does not make provision for education and only has a series of Frequently Asked Questions, or FAQs, that are scattered across the website to explain various concepts, markets and services offered in addition to providing a demo account.

IG

IG offers a range of educational resources that can be used, including:

Interactive education such as infographics, video explainers and quizzes.
Webinars as well as Seminars.
Practice Trading through a demo account.
IG Academy App
Trading Glossary

9. Research

Plus500

There are no research tools provided by this broker.

IG

IG provides traders with News and Analysis on market movements, trading strategies, financial events, an IG Community, and more.

10. Funding/Withdrawal Options and Fees

Plus500

Plus500 does not charge any fees on either deposits or withdrawals and payment methods that are supported include:

Debit/Credit Cards – only VISA and MasterCard are accepted
Electronic Wallets – such as PayPal and Skrill
Bank Wire Transfer

Processing times for deposits and withdrawals can vary between payment methods, ranging from instant to several days.

IG

IG offers the following payment methods:

Credit/Debit Cards
Bank Wire Transfer
Online payment systems such as PayPal

There are fees charged when using some of these methods, although it is not indicated on the IG website. Some payment methods are only available to certain countries and some can only be used either for deposits or withdrawals.

Some payment methods may be subjected to longer processing times, such as Bank Wire Transfer where card payments and online payments can be instant or take up to a few days.

11. Customer Support

Plus500

Plus500 offers customer support 24/7 through the Live Chat option as well as via email.

IG

IC customer support can be contacted 24/5 either via email, telephone, Twitter. or the Live Chat function available on the website.

Final Thoughts

Both Plus500 and IG have comprehensive and competitive offerings and trading conditions that may suit different types of traders depending on their trading needs and objectives.

Both are reputable, well-regulated brokers with an offering that caters for both beginner traders and professionals.

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