Wynn Finance Review – Good Or Bad Broker

Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    Top Binary Options Broker 2020!
    Perfect For Beginners and Middle-Leveled Traders!
    Free Education How To Trade!
    Free Demo Account!
    Big Sign-up Bonus!

  • Binomo
    Binomo

    Good Choice For Experienced Traders!

Differentiating Between Good and Bad Brokers

Brokers provide a wide range of schemes and methods, each of which have pros and cons for the trader and

There are many schemes and methods of work of foreign exchange (FX) brokers. Each of those schemes and methods have their pros and cons (both for the trader, and for the company), and the following synopsis will try to help the reader understand them.

Good and Bad Brokers

I will start by stating that there are no ideal brokers, and there are no ideal schemes. There can be ideal schemes for a broker, which traders do not like, so they leave, making the scheme imperfect for the broker.

By extension, there can be an ideal scheme for a trader, which does not allow the broker to make profit and will eventually lead to bankruptcy, leaving the trader without the ideal company, and possibly without money, which makes the scheme imperfect for the trader as well. Let us look closely at the shift of the balance of interests.

Nowadays the FX market is a technological market. A lot depends on the technology (for a trader it is the quality of work, and for the broker – safety and efficiency). So, having set the boundaries I can say with full responsibility that good and bad brokers are divided according to either presence or absence of good technology and high-quality A-book. If a broker has good technology – it is a good broker, if not – it is a bad one.

To unlock the Asian market, register now to the iFX EXPO in Hong Kong.

You may ask where this conclusion comes from. Let us discuss it. The presence of technology allows a broker to choose any scheme of work, while the absence of technology significantly limits the broker’s choice to a few schemes to work with.

It is common knowledge that there are market makers among brokers (so called boiler rooms), and there are market brokers (which forward transactions to external contractors). There are specific terms for these: A-book and B-book.

A-book are orders, which go to the market, and B-book are orders that remain in the company. In A-book companies earn money on the spread differences (markups) and commissions (between client commission and liquidity provider commission), while in B-book companies earn on the financial result (everything that a trader had lost, the company gained, and vice versa).

Both schemes have pros and cons:

Bad Brokers

Bad brokers do not have an A-book, or have a very low-quality one. As a consequence, if there is an earning trader, the company may choose several ways to work with him:

Suggested articles

FBS Launches Online Trading School – FBS Trading BootcampGo to article >>

The most loyal option. Start hedging the client. However, if a company does not have a high-quality A-book, then the client’s quality of execution decreases sharply, thus breaking his trading strategy. And if the trader had been developing his strategy for a long time for his broker, he also ends up with plenty of lost time.

Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    Top Binary Options Broker 2020!
    Perfect For Beginners and Middle-Leveled Traders!
    Free Education How To Trade!
    Free Demo Account!
    Big Sign-up Bonus!

  • Binomo
    Binomo

    Good Choice For Experienced Traders!

A less loyal option. The company aggravates execution for the earning client (or for all clients) by introducing artificial lags or slippages, regular requotes or rejects. Order freeze levels (when orders cannot be placed or changed if the price level is close to that of the order, which is also a way of fighting against scalpers or just potentially profitable traders) also indicate that the company uses B-book. Modern dealing has greatly developed in recent years, and my personal belief is that the presence of freeze levels is outdated. Usually there are two types of companies which have chosen this method of artificial worsening of execution, the first type only does it to earning traders, while the others play safe and initially provide bad execution for all clients.

A disloyal option. There are several ways, for instance, besides poor execution (with artificially creates lags and slippages) the terms and conditions may include paragraphs about the abolition of transactions with duration below a certain length of time, or profitability below a certain amount of points. In contrast to freeze levels, I have always considered such items in terms and conditions to be a disgrace to the industry. One should not trade with such companies. Of course these paragraphs are applied solely to profitable accounts.

The most disloyal option. You will simply be robbed of your money. It can be done in several ways. For example, delete all transactions and say that they never existed, deny access to your personal TR and say that you never had one, or just write off all money, return initial deposit, declare you a fraud, and bid farewell. Unfortunately, there are companies like that, as well as companies which collect plenty of client deposits and then disappear. However, I do not want to get into this subject, as here we are talking about forex brokers, not fraudulent companies.

Of course, each of the above options results in a loss of clients for the company, and difficulties attracting new clients, as well as plenty of negativity.

Good Brokers

A good broker definitely has a high-quality A-book, without which it is impossible to provide good execution for all clients, which usually determines the success of a broker. If a broker does not have a quality execution for everyone, it has to either attract clients by using deceptive means, or spend very large sums on marketing.

Having a high-quality A-book, a company can also operate by using different schemes, nonetheless, it will not be critical for a trader, and he will not face risks that are present in Bad companies. Let us look closely at this category of brokers. I am sure that many of you think there is nothing to talk about, as everything is clear about Good companies. I must disagree.

A company with quality technology usually uses one of the following two schemes (roughly speaking):

The company is hedging all clients. This scheme has one significant disadvantage: company’s revenue is much smaller as the majority of traders are losing in the long run, and all the profit from their losses goes to liquidity providers, as well as half of the spread and commission taken from clients. As a result the company does not face trading risks, but small revenues prevent fast growth. This scheme is usually employed by conservative companies which favour stability over large revenues. The scheme’s advantage for a trader is that he always has (a more or less) high-quality execution and a company that is interested in him making profits. In contrast, a disadvantage is that execution depends on providers, which usually are not keen on allowing rapid movements in the case of illiquid markets, rollover etc.

The company is not hedging all clients. In this case a company uses B-book, and is hedging profitable traders. However, due to high-quality A-book, trader’s execution is not aggravated significantly, if at all. It is clear that the higher the quality of A-book, the less difference in execution is observed. This scheme brings more profit to the broker, allows fast growth, but carries some trading risks as well. The advantage of the scheme for a trader is that if he makes no profit, then his execution is better, meaning that his losses are smaller. The disadvantage is that if he makes money using a strategy that is very sensitive to the quality of execution, then the strategy can crush in a hedge. Most importantly, the broker will not worsen a trader’s conditions for making profits, in the worst case scenario the trader will be hedged, but it will not prevent him from earning a lot and reliably. It should also be pointed out that in the case of a balanced client base a company’s revenue equals spread plus commission. If there is insignificant imbalance of open positions, one can say that the broker is earning not on the loss, but on the spread. There are also companies which hedge this imbalance one way or another, thus reducing trading risks, however, these are extra subtleties, and there are plenty of them.

It is clear that a company with high-quality execution, which does not artificially aggravate conditions for its clients, has less negativity, it is not losing clients and it attracts new ones more easily. Clients are becoming more experienced every day, they measure average spreads with precision of up to two decimal places, the speed of execution with millisecond precision, and assess the quality of execution by slippage statistics on hundreds of transactions. Companies that do not understand it may also fail to notice how they one day lose the whole market one day.

To sum up the main idea, it is essential for any company to have good technology and high-quality A-book (not the type of A-book through which conditions for clients are aggravated, but rather an A-book that allows hedging without worsening the execution), and it is extremely important for the trader to not have his conditions artificially aggravated if he makes stable profits on his account.

This article was written by Dmitry Rannev, founding CEO of AMTS Solutions, a long-term partner of Admiral Markets – its key technology provider.

FXTM Review 2020 — Satisfaction of Clients Speaks for Itself

FXTM also known as ForexTime , started operating in 2020. It is headquartered in Cyprus, and in 8 years managed to gain global acclaim. FXTM is located in three countries and works under these names:

Exinity Limited in Mauritius

ForexTime UK in the United Kingdom

ForexTime Ltd in the EU, South Africa, and the UK

In this FXTM review, we will discuss every aspect you need to know about the broker before you invest with them. Make sure to read everything to find our their pros and cons. Overall, we are quite satisfied with the services offered by FXTM.

Trading Accounts at FXTM

FXTM offers two main account categories: Standard and ECN. The main difference between the two is the tools that come with it and the minimum required deposit. See the full descriptions below.

Standard Account

  • Trading Platforms – MT4/MT5
  • Account Currency – USD/EUR/GBP/NGN
  • Leverage – floating, 1:1000-1:25
  • Minimum deposit – $100
  • Spread – 1.3
  • Margin call – 40%
  • Minimal volume lot – 0.1
  • Maximum volume lot – 30
  • Maximum number of orders – 200

The different accounts also offer different trading instruments. For the standard-standard account, you will gain access to 59 exotic, major and minor currency pairs, 5 spot metals, 14 spot CFDs, 4 cryptocurrencies for the MT4 platform. For the MT5 platform, you will receive 33 major, minor and Exotic pairs and 3 spot metals.

Cent Account

  • Trading Platforms – MT4
  • Account Currency – US cent/EURO cent/GBP pence/NGN kobo
  • Leverage – fixed, 1:1000-1:25 in forex, 1:500-1:25 CFDs
  • Minimum deposit – $10
  • Spread – 1.5
  • Margin call – 60%
  • Minimal volume lot – 0.1
  • Maximum volume lot – 1
  • Maximum number of orders – 100

The trading instruments offered at the cent account are 25 major and minor currency pairs and 2 spot metals.

Shares Account

  • Trading Platforms – MT4
  • Account Currency – USD/EUR/GBP/NGN
  • Leverage – floating, 1:10
  • Minimum deposit – $100
  • Spread – 0.1
  • Margin call – 40%
  • Minimal volume lot – 0.1
  • Maximum volume lot – 30
  • Maximum number of orders – 200

Though the shared account you receive access to over 180 CFDs for trade.

The overall specs do not largely different among the three subcategories. The biggest difference lies with the minimum deposits, which vary from $10-100, spreads and the trading instruments offered.

If you need a large range then the standard sub-category is the right fit. But if you need to trade CFDs then you have the shares sub-category as well. For smaller trader, investors can get the cent account. This account seems quite fitting for beginners or traders who wish to test the platforms without investing too much at first.

ECN Account

  • Trading Platforms – MT4/MT5
  • Account Currency – USD/EUR/GBP/NGN
  • Leverage – floating, 1:1000 – 1:25
  • Minimum deposit – $500
  • Commission – $2 per lot
  • Spread – 0.1
  • Margin call – 80%
  • Minimal volume lot – 0.1
  • Maximum volume lot – 100
  • Maximum number of orders – unlimited

Same as the standard subcategories, the differences are quite simple. The minimum deposit varies from $100-$25,000 at spread from 1.5–0 pips. Both of the platforms are available to all users.

Trading Instruments at the ECN account are 48 major, minor, and exotic currency pairs, 3 spot metals, 14 spot CFDs on the MT4 platform. 33 major, minor, and exotic currency pairs and 2 spot metals on the MT5 platform.

ECN Zero Account

  • Trading Platforms – MT4/MT5
  • Account Currency – USD/EUR/GBP/NGN
  • Leverage – floating, 1:1000 – 1:25
  • Minimum deposit – $200
  • Commission – none
  • Spread – 1.5
  • Margin call – 80%
  • Minimal volume lot – 0.1
  • Maximum volume lot – 100
  • Maximum number of orders – unlimited

Trading Instruments at the ECN zero account are 48 major, minor, and exotic currency pairs, 3 spot metals, 14 spot CFDs on the MT4 platform. 33 major, minor, and exotic currency pairs and 2 spot metals on the MT5 platform, same as on the regular ECN account.

FXTM Pro Account

  • Trading Platforms – MT4/MT5
  • Account Currency – USD/EUR/GBP/NGN
  • Leverage – floating, 1:200 – 1:25
  • Minimum deposit – $25,000
  • Commission – none
  • Spread – 0
  • Margin call – 80%
  • Minimal volume lot – 0.1
  • Maximum volume lot – 250
  • Maximum number of orders – unlimited

FXTM offers these trading instruments for users with the ECN account: 43 major, minor, and exotic currency pairs and 2 spot metals on the MT4 platform. 33 major, minor, and exotic currency pairs, 10 stock tradings, and 2 spot metals on the MT5 platform.

If you wish to invest a larger amount for an average selection of instruments this is a great account for you. The spread is quite low starting at 0 pips, but the leverage is still pretty high. The higher the leverage, the higher the risk.

Demo Accounts

All users also have a chance to open a demo account before committing to a live one. Demo accounts are useful to both novices and professional. With a demo account, users will be able to experience the platform or practice trading themselves.
Additional Notes for Accounts
There is a huge list of notes under the account specifications, offering some deeper information about their trade. According to the website, only Nigerian clients can have NGN accounts. FXTM also does not have exotic pairs for swap-free accounts. They also leave the sole discretion to change the leverage for forex and spot metals before the trading sessions end.

There are additional fees on the commissions for cryptocurrency depending on the account currency.

  • 15 USD per lot
  • 12/5 EUR per lot
  • 11/5 GBP per lot
  • 5,400 NGN for the round turn

Trading Conditions with FXTM

Besides from the MT4 and MT5 platforms on web and desktop, FXTM offers other trading features to users. The FTXMInvest social trading program allows you to subscribe to other traders and make money. Through this program, you can gain access to other trader’s profit by depositing a certain amount of money.

The commissions and spreads are not too bad at FXTM as well. There are certain spreads to certain currency pairs. See the list below.

As a user, you will also gain access to their daily market analysis, forex news timeline, quarterly market outlook, and market analysis videos. The economic calendar is included in the tools and the analysis is constantly updated.

Security of Funds, Regulations, and Licenses at FXTM

FXTM has many regulations since they are such a global broker. FXTM is Regulated by ,the International Financial and Services Commission. It has license numbers ISDC/60/345/TS and IFSC/60/345/APM. IFSC is a very tough and esteemed financial institution, so we are impressed to see FXTM fit their criteria.

ForexTime UK is regulated by the FCA, Financial Conduct Authority. This is another respected financial institution, so seeing FXTM work with FCA is also quite reassuring. It is also regulated by CySEC in Cyprus.

FXTM guarantees the safety of funds within their servers. As required by the FCA, account segregation is implemented into their servers. Additionally, they have cold servers which protect traders’ financial and personal information.

Additional Information About FTXM

FTXM has a great website. It is easy to understand and find what you are looking for. They offer all kinds of information, such as their licenses, privacy policies, risk disclosures, details about their company and trading conditions, benefits and more. The website is available in 17 languages, such as Arab, Italian, Farsi, Korean, Russian, French, Hindi, Urdu, Polish, Spanish, and more. It is expected of global brokers to provide full comfort for all of their traders all over the world and FXTM manages to do that.

FXTM also provides vast educational content to their traders. Whether you wish to start from zero and learn trading or you wish to advance your skills via their professional courses, you will easily gain access to the material. The e-books are available for Forex brokers, as well as beginner’s glossaries and more. Educational videos and trading strategy discussions are all available to users.

As discussed, FXTM provides a lot of analysis to its users. Their social media accounts are filled with updates, which is a great way for traders to keep up with the market changes. Articles and brief discussions are available to all traders on their social media platforms.

Payment options offered by FTXM are all geared towards inclusiveness. They offer multiple deposit and withdrawal methods. You can complete transactions in USD, GBP, EUR, and other national currencies. The methods of deposit/withdrawal are:

  • Credit cards – MasterCard, Visa, Maestro
  • E-Wallets – Skrill, Neteller, DusuPay, FasaPay, DixiPay, WebMoney, CashU, QiWi, Yandex Money, PerfectMOney
  • Cryptocurrencies – Bitcoin
  • International bank wires
  • Local bank wires in Tanzania, Nigeria, Kenya, Algeria, Afghanistan, Malaysia, Indonesia, Egypt, Iraq, Palestine, Thailand, China, and Vietnam.

Deposits have no fees, while withdrawals come with various feels depending on the transaction form. Credit card charges are $3, and e-wallets are free of charge. Keep in mind that if you are not active on your account for over 6 months, you will be charged a $5 fee.

Customer support is available 24 hours a day during open market days. They have live-chat on their website, and though it needs a separate window it does not require too much information to start chatting. You may also call them on their international numbers if needed. Overall, they have a quite nice customer support who are very dedicated to helping their users.

FXTM Review Conclusion — Trustworthy, Regulated, Fair

FXTM is anything but disappointing. In the modern trading industry, many brokers tend to make themselves seem bigger than what they are. FXTM, on the other hand, stays humble and provides more than enough tools, information, and comfort to their users. The regulations are strong and trustworthy, we are hoping FXTM truly follows the rules and guidelines created by the financial institutions.

There are some downsides are we discussed in this review, but overall we are satisfied with their offers and features. Make sure to do further research if you need more information about FXTM, if not we are hoping to have helped you make a decision. Good luck!

Is looking in the stock market as a career good or bad?

a QmMW d jzh epC b N y XDas YvMMn A TsZn t FZZhv l o a cGgZ s yXfg s kv i Euez a VmNYw n h

Thanks for asking :)

First, read the below two points:

  1. All types of career are good as well as bad too. It depends on who you are talking to.
  2. Stock market attracts a lot of people when the markets are going up, up and up only for a considerable time like 3–5 years. It changes our expectation that everyone can make money in the stock market, perhaps, a lot of money in the shortest period of time possible.

Now, keeping the above two points in the mind, let me disclose that I am from the same industry and I will have my own biases in answering your question. Also, stock market has been going up.

Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    Top Binary Options Broker 2020!
    Perfect For Beginners and Middle-Leveled Traders!
    Free Education How To Trade!
    Free Demo Account!
    Big Sign-up Bonus!

  • Binomo
    Binomo

    Good Choice For Experienced Traders!

Like this post? Please share to your friends:
Binary Options Trading, Strategies and Robots
Leave a Reply

;-) :| :x :twisted: :smile: :shock: :sad: :roll: :razz: :oops: :o :mrgreen: :lol: :idea: :grin: :evil: :cry: :cool: :arrow: :???: :?: :!: