Forex Brokers for US traders (accepting US clients)
Forex Brokers for US traders (accepting US clients)
Best Forex Brokers Who Accept US Traders or Clients
Top and The Best Forex Brokers Accepting US Clients 2020
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Best offshore Forex Brokers accepting US Clients or Citizens
Forex brokers which accept US clients - Forex Speedtest
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Forex Brokers Accepting US Traders - EarnForex
Forex Brokers For US Clients - 3 Real Experiences
Former investment bank FX trader: some thoughts
Hi guys, I have been using reddit for years in my personal life (not trading!) and wanted to give something back in an area where i am an expert. I worked at an investment bank for seven years and joined them as a graduate FX trader so have lots of professional experience, by which i mean I was trained and paid by a big institution to trade on their behalf. This is very different to being a full-time home trader, although that is not to discredit those guys, who can accumulate a good amount of experience/wisdom through self learning. When I get time I'm going to write a mid-length posts on each topic for you guys along the lines of how i was trained. I guess there would be 15-20 topics in total so about 50-60 posts. Feel free to comment or ask questions. The first topic is Risk Management and we'll cover it in three parts Part I
Why it matters
Using stops sensibly
Picking a clear level
Why it matters
The first rule of making money through trading is to ensure you do not lose money. Look at any serious hedge fund’s website and they’ll talk about their first priority being “preservation of investor capital.” You have to keep it before you grow it. Strangely, if you look at retail trading websites, for every one article on risk management there are probably fifty on trade selection. This is completely the wrong way around. The great news is that this stuff is pretty simple and process-driven. Anyone can learn and follow best practices. Seriously, avoiding mistakes is one of the most important things: there's not some holy grail system for finding winning trades, rather a routine and fairly boring set of processes that ensure that you are profitable, despite having plenty of losing trades alongside the winners.
Capital and position sizing
The first thing you have to know is how much capital you are working with. Let’s say you have $100,000 deposited. This is your maximum trading capital. Your trading capital is not the leveraged amount. It is the amount of money you have deposited and can withdraw or lose. Position sizing is what ensures that a losing streak does not take you out of the market. A rule of thumb is that one should risk no more than 2% of one’s account balance on an individual trade and no more than 8% of one’s account balance on a specific theme. We’ll look at why that’s a rule of thumb later. For now let’s just accept those numbers and look at examples. So we have $100,000 in our account. And we wish to buy EURUSD. We should therefore not be risking more than 2% which $2,000. We look at a technical chart and decide to leave a stop below the monthly low, which is 55 pips below market. We’ll come back to this in a bit. So what should our position size be? We go to the calculator page, select Position Size and enter our details. There are many such calculators online - just google "Pip calculator". https://preview.redd.it/y38zb666e5h51.jpg?width=1200&format=pjpg&auto=webp&s=26e4fe569dc5c1f43ce4c746230c49b138691d14 So the appropriate size is a buy position of 363,636 EURUSD. If it reaches our stop level we know we’ll lose precisely $2,000 or 2% of our capital. You should be using this calculator (or something similar) on every single trade so that you know your risk. Now imagine that we have similar bets on EURJPY and EURGBP, which have also broken above moving averages. Clearly this EUR-momentum is a theme. If it works all three bets are likely to pay off. But if it goes wrong we are likely to lose on all three at once. We are going to look at this concept of correlation in more detail later. The total amount of risk in our portfolio - if all of the trades on this EUR-momentum theme were to hit their stops - should not exceed $8,000 or 8% of total capital. This allows us to go big on themes we like without going bust when the theme does not work. As we’ll see later, many traders only win on 40-60% of trades. So you have to accept losing trades will be common and ensure you size trades so they cannot ruin you. Similarly, like poker players, we should risk more on trades we feel confident about and less on trades that seem less compelling. However, this should always be subject to overall position sizing constraints. For example before you put on each trade you might rate the strength of your conviction in the trade and allocate a position size accordingly: https://preview.redd.it/q2ea6rgae5h51.png?width=1200&format=png&auto=webp&s=4332cb8d0bbbc3d8db972c1f28e8189105393e5b To keep yourself disciplined you should try to ensure that no more than one in twenty trades are graded exceptional and allocated 5% of account balance risk. It really should be a rare moment when all the stars align for you. Notice that the nice thing about dealing in percentages is that it scales. Say you start out with $100,000 but end the year up 50% at $150,000. Now a 1% bet will risk $1,500 rather than $1,000. That makes sense as your capital has grown. It is extremely common for retail accounts to blow-up by making only 4-5 losing trades because they are leveraged at 50:1 and have taken on far too large a position, relative to their account balance. Consider that GBPUSD tends to move 1% each day. If you have an account balance of $10k then it would be crazy to take a position of $500k (50:1 leveraged). A 1% move on $500k is $5k. Two perfectly regular down days in a row — or a single day’s move of 2% — and you will receive a margin call from the broker, have the account closed out, and have lost all your money. Do not let this happen to you. Use position sizing discipline to protect yourself.
If you’re wondering - why “about 2%” per trade? - that’s a fair question. Why not 0.5% or 10% or any other number? The Kelly Criterion is a formula that was adapted for use in casinos. If you know the odds of winning and the expected pay-off, it tells you how much you should bet in each round. This is harder than it sounds. Let’s say you could bet on a weighted coin flip, where it lands on heads 60% of the time and tails 40% of the time. The payout is $2 per $1 bet. Well, absolutely you should bet. The odds are in your favour. But if you have, say, $100 it is less obvious how much you should bet to avoid ruin. Say you bet $50, the odds that it could land on tails twice in a row are 16%. You could easily be out after the first two flips. Equally, betting $1 is not going to maximise your advantage. The odds are 60/40 in your favour so only betting $1 is likely too conservative. The Kelly Criterion is a formula that produces the long-run optimal bet size, given the odds. Applying the formula to forex trading looks like this: Position size % = Winning trade % - ( (1- Winning trade %) / Risk-reward ratio If you have recorded hundreds of trades in your journal - see next chapter - you can calculate what this outputs for you specifically. If you don't have hundreds of trades then let’s assume some realistic defaults of Winning trade % being 30% and Risk-reward ratio being 3. The 3 implies your TP is 3x the distance of your stop from entry e.g. 300 pips take profit and 100 pips stop loss. So that’s 0.3 - (1 - 0.3) / 3 = 6.6%. Hold on a second. 6.6% of your account probably feels like a LOT to risk per trade.This is the main observation people have on Kelly: whilst it may optimise the long-run results it doesn’t take into account the pain of drawdowns. It is better thought of as the rational maximum limit. You needn’t go right up to the limit! With a 30% winning trade ratio, the odds of you losing on four trades in a row is nearly one in four. That would result in a drawdown of nearly a quarter of your starting account balance. Could you really stomach that and put on the fifth trade, cool as ice? Most of us could not. Accordingly people tend to reduce the bet size. For example, let’s say you know you would feel emotionally affected by losing 25% of your account. Well, the simplest way is to divide the Kelly output by four. You have effectively hidden 75% of your account balance from Kelly and it is now optimised to avoid a total wipeout of just the 25% it can see. This gives 6.6% / 4 = 1.65%. Of course different trading approaches and different risk appetites will provide different optimal bet sizes but as a rule of thumb something between 1-2% is appropriate for the style and risk appetite of most retail traders. Incidentally be very wary of systems or traders who claim high winning trade % like 80%. Invariably these don’t pass a basic sense-check:
How many live trades have you done? Often they’ll have done only a handful of real trades and the rest are simulated backtests, which are overfitted. The model will soon die.
What is your risk-reward ratio on each trade? If you have a take profit $3 away and a stop loss $100 away, of course most trades will be winners. You will not be making money, however! In general most traders should trade smaller position sizes and less frequently than they do. If you are going to bias one way or the other, far better to start off too small.
How to use stop losses sensibly
Stop losses have a bad reputation amongst the retail community but are absolutely essential to risk management. No serious discretionary trader can operate without them. A stop loss is a resting order, left with the broker, to automatically close your position if it reaches a certain price. For a recap on the various order types visit this chapter. The valid concern with stop losses is that disreputable brokers look for a concentration of stops and then, when the market is close, whipsaw the price through the stop levels so that the clients ‘stop out’ and sell to the broker at a low rate before the market naturally comes back higher. This is referred to as ‘stop hunting’. This would be extremely immoral behaviour and the way to guard against it is to use a highly reputable top-tier broker in a well regulated region such as the UK. Why are stop losses so important? Well, there is no other way to manage risk with certainty. You should always have a pre-determined stop loss before you put on a trade. Not having one is a recipe for disaster: you will find yourself emotionally attached to the trade as it goes against you and it will be extremely hard to cut the loss. This is a well known behavioural bias that we’ll explore in a later chapter. Learning to take a loss and move on rationally is a key lesson for new traders. A common mistake is to think of the market as a personal nemesis. The market, of course, is totally impersonal; it doesn’t care whether you make money or not. Bruce Kovner, founder of the hedge fund Caxton Associates There is an old saying amongst bank traders which is “losers average losers”. It is tempting, having bought EURUSD and seeing it go lower, to buy more. Your average price will improve if you keep buying as it goes lower. If it was cheap before it must be a bargain now, right? Wrong. Where does that end? Always have a pre-determined cut-off point which limits your risk. A level where you know the reason for the trade was proved ‘wrong’ ... and stick to it strictly. If you trade using discretion, use stops.
Picking a clear level
Where you leave your stop loss is key. Typically traders will leave them at big technical levels such as recent highs or lows. For example if EURUSD is trading at 1.1250 and the recent month’s low is 1.1205 then leaving it just below at 1.1200 seems sensible. If you were going long, just below the double bottom support zone seems like a sensible area to leave a stop You want to give it a bit of breathing room as we know support zones often get challenged before the price rallies. This is because lots of traders identify the same zones. You won’t be the only one selling around 1.1200. The “weak hands” who leave their sell stop order at exactly the level are likely to get taken out as the market tests the support. Those who leave it ten or fifteen pips below the level have more breathing room and will survive a quick test of the level before a resumed run-up. Your timeframe and trading style clearly play a part. Here’s a candlestick chart (one candle is one day) for GBPUSD. https://preview.redd.it/moyngdy4f5h51.png?width=1200&format=png&auto=webp&s=91af88da00dd3a09e202880d8029b0ddf04fb802 If you are putting on a trend-following trade you expect to hold for weeks then you need to have a stop loss that can withstand the daily noise. Look at the downtrend on the chart. There were plenty of days in which the price rallied 60 pips or more during the wider downtrend. So having a really tight stop of, say, 25 pips that gets chopped up in noisy short-term moves is not going to work for this kind of trade. You need to use a wider stop and take a smaller position size, determined by the stop level. There are several tools you can use to help you estimate what is a safe distance and we’ll look at those in the next section. There are of course exceptions. For example, if you are doing range-break style trading you might have a really tight stop, set just below the previous range high. https://preview.redd.it/ygy0tko7f5h51.png?width=1200&format=png&auto=webp&s=34af49da61c911befdc0db26af66f6c313556c81 Clearly then where you set stops will depend on your trading style as well as your holding horizons and the volatility of each instrument. Here are some guidelines that can help:
Use technical analysis to pick important levels (support, resistance, previous high/lows, moving averages etc.) as these provide clear exit and entry points on a trade.
Ensure that the stop gives your trade enough room to breathe and reflects your timeframe and typical volatility of each pair. See next section.
Always pick your stop level first. Then use a calculator to determine the appropriate lot size for the position, based on the % of your account balance you wish to risk on the trade.
So far we have talked about price-based stops. There is another sort which is more of a fundamental stop, used alongside - not instead of - price stops. If either breaks you’re out. For example if you stop understanding why a product is going up or down and your fundamental thesis has been confirmed wrong, get out. For example, if you are long because you think the central bank is turning hawkish and AUDUSD is going to play catch up with rates … then you hear dovish noises from the central bank and the bond yields retrace lower and back in line with the currency - close your AUDUSD position. You already know your thesis was wrong. No need to give away more money to the market.
Coming up in part II
EDIT: part II here Letting stops breathe When to change a stop Entering and exiting winning positions Risk:reward ratios Risk-adjusted returns
Coming up in part III
Squeezes and other risks Market positioning Bet correlation Crap trades, timeouts and monthly limits *** Disclaimer:This content is not investment advice and you should not place any reliance on it. The views expressed are the author's own and should not be attributed to any other person, including their employer.
With new forex brokers coming online every day, it often requires a lot of research and patience to choose the best forex broker for you. We have identified some of the key things that every trader needs to assess when selecting a broker to save you time and help beginner traders, and we have compiled a list of the best Forex brokers on the market. The Bottom Line: The brokers below represent the best brokers for beginners. Pro Tip: Most of these brokers provide free demo accounts so that you can use virtual money to test the brokers and their platforms. Before using your own cash, give it a try with some game money. Here is a summary of the best novice brokers. Note: Not all Forex brokers accept US clients. For your convenience we specified those that accept US Forex traders as clients.
Capitalxtend gets approval to become a Financial Commission member
https://preview.redd.it/zr6ge0maxvo51.jpg?width=825&format=pjpg&auto=webp&s=a63265115e38b802f732abfe805080351eaf4293 Capitalxtend, global financial service provider, has recently announced that it has received approval to join financial Commission. Capitalxtend provides services including trading in a wide range of instruments including Forex, CFDs, Indices, Commodities, Equities & Cryptocurrencies. The Financial Commission’s board has adopted resolutions approving a new applicant to join the self-regulator’s member roster, which is made up of online brokerages operating in FX, derivatives and cryptocurrency markets. This round of approved applicants includes Capitalxtend. The Financial Commission is an independent external dispute resolution (EDR) organization for the foreign exchange (forex) industry. Following the acceptance of its application by FinaCom PLC, Capitalxtend has obtained membership status which means that its traders can be eligible for compensation of up to €20,000 per submitted claim and have access to all dispute resolution services offered by the commission. After the acceptance of application by FinaCom PLC, Captialxtend members are now eligible for compensation of up to €20,000 per submitted claim. Traders that are members of Capitalxtend now also have access to all dispute resolution services offered by the commission. Capitalxtend is a multi-asset brokerage firm that offers trading of Forex, CFDs, indices, commodities, equities, and cryptocurrencies. The company operates as an offshore provider of financial services based out of Vincent and the Grenadines. https://preview.redd.it/94hldfs8xvo51.jpg?width=603&format=pjpg&auto=webp&s=781a4e703beef150a759831e9084f6df0dc7e45a Capitalxtend Team has been serving Traders since 2005 and has led the way in online trading ever since, to become a leading global financial service provider. Capitalxtend specialise in leveraged trading, bringing our clients the opportunities to generate returns in both rising and falling markets. What sets us apart is a combination of lightning-fast execution, tight spreads, 0% commission and deep understanding of what our customers need. FinaCom is an independent international service that offers the resolution of disputes to resolve trader-broker conflicts. In addition to a more streamlined and swift resolution process, relative to traditional channels of arbitration, all clients of members of the Financial Commission are protected by the Compensation Fund, which acts as an insurance policy. According to its latest annual report, the self-regulator made progress across some of its key business drivers. Specifically, the number of new complaints rose seven percent year-over-year as a record $7.4 million sought by traders in 2019, up from $3,184,932 in 2018. Likewise, the number of resolved complaints in “clients favor” increased 17 percent to 179, up from 153 the previous year. The commission also ruled in favor of its broker members in 451 cases it assessed, up from 373 in 2018. For approved members, the Financial Commission also introduces many services that intended to allow brokers to spot and halt fraudulent transactions. This includes its DisputeWatch tool which lets the broker search its community registry to see if a client has any dispute records, and sends alerts regarding suspicious clients that have the potential to abuse a company.
Binary Options Review; Best Binary Options Brokers
Binary Options Review; Best Binary Options Brokers We have compared the best regulated binary options brokers and platforms in May 2020 and created this top list. Every binary options company here has been personally reviewed by us to help you find the best binary options platform for both beginners and experts. The broker comparison list below shows which binary trading sites came out on top based on different criteria. You can put different trading signals into consideration such as using payout (maximum returns), minimum deposit, bonus offers, or if the operator is regulated or not. You can also read full reviews of each broker, helping you make the best choice. This review is to ensure traders don't lose money in their trading account. How to Compare Brokers and Platforms In order to trade binary options, you need to engage the services of a binary options broker that accepts clients from your country e.g. check US trade requirements if you are in the United States. Here at bitcoinbinaryoptionsreview.com, we have provided all the best comparison factors that will help you select which trading broker to open an account with. We have also looked at our most popular or frequently asked questions, and have noted that these are important factors when traders are comparing different brokers:
What is the Minimum Deposit? (These range from $5 or $10 up to $250)
Are they regulated or licensed, and with which regulator?
Can I open a Demo Account?
Is there a signals service, and is it free?
Can I trade on my mobile phone and is there a mobile app?
Is there a Bonus available for new trader accounts? What are the Terms and
Who has the best binary trading platform? Do you need high detail charts with technical analysis indicators?
Which broker has the best asset lists? Do they offer forex, cryptocurrency, commodities, indices, and stocks – and how many of each?
Which broker has the largest range of expiry times (30 seconds, 60 seconds, end of the day, long term, etc?)
How much is the minimum trade size or amount?
What types of options are available? (Touch, Ladder, Boundary, Pairs, etc)
Additional Tools – Like Early closure or Metatrader 4 (Mt4) plugin or integration
Do they operate a Robot or offer automated trading software?
What is Customer Service like? Do they offer telephone, email and live chat customer support – and in which countries? Do they list direct contact details?
Who has the best payouts or maximum returns? Check the markets you will trade.
The Regulated Binary Brokers Regulation and licensing is a key factor when judging the best broker. Unregulated brokers are not always scams, or untrustworthy, but it does mean a trader must do more ‘due diligence’ before trading with them. A regulated broker is the safest option. Regulators - Leading regulatory bodies include:
CySec – The Cyprus Securities and Exchange Commission (Cyprus and the EU)
FCA – Financial Conduct Authority (UK)
CFTC – Commodity Futures Trading Commission (US)
FSB – Financial Services Board (South Africa)
ASIC – Australia Securities and Investment Commission
There are other regulators in addition to the above, and in some cases, brokers will be regulated by more than one organization. This is becoming more common in Europe where binary options are coming under increased scrutiny. Reputable, premier brands will have regulation of some sort. Regulation is there to protect traders, to ensure their money is correctly held and to give them a path to take in the event of a dispute. It should therefore be an important consideration when choosing a trading partner. Bonuses - Both sign up bonuses and demo accounts are used to attract new clients. Bonuses are often a deposit match, a one-off payment, or risk-free trade. Whatever the form of a bonus, there are terms and conditions that need to be read. It is worth taking the time to understand those terms before signing up or clicking accept on a bonus offer. If the terms are not to your liking then the bonus loses any attraction and that broker may not be the best choice. Some bonus terms tie in your initial deposit too. It is worth reading T&Cs before agreeing to any bonus, and worth noting that many brokers will give you the option to ‘opt-out’ of taking a bonus. Using a bonus effectively is harder than it sounds. If considering taking up one of these offers, think about whether, and how, it might affect your trading. One common issue is that turnover requirements within the terms, often cause traders to ‘over-trade’. If the bonus does not suit you, turn it down. How to Find the Right Broker But how do you find a good broker? Well, that’s where BitcoinBinaryOptionsReview.com comes in. We assess and evaluate binary options brokers so that traders know exactly what to expect when signing up with them. Our financial experts have more than 20 years of experience in the financial business and have reviewed dozens of brokers. Being former traders ourselves, we know precisely what you need. That’s why we’ll do our best to provide our readers with the most accurate information. We are one of the leading websites in this area of expertise, with very detailed and thorough analyses of every broker we encounter. You will notice that each aspect of any broker’s offer has a separate article about it, which just goes to show you how seriously we approach each company. This website is your best source of information about binary options brokers and one of your best tools in determining which one of them you want as your link to the binary options market. Why Use a Binary Options Trading Review? So, why is all this relevant? As you may already know, it is difficult to fully control things that take place online. There are people who only pose as binary options brokers in order to scam you and disappear with your money. True, most of the brokers we encounter turn out to be legit, but why take unnecessary risks? Just let us do our job and then check out the results before making any major decisions. All our investigations regarding brokers’ reliability can be seen if you click on our Scam Tab, so give it a go and see how we operate. More detailed scam reports than these are simply impossible to find. However, the most important part of this website can be found if you go to our Brokers Tab. There you can find extensive analyses of numerous binary options brokers irrespective of your trading strategy. Each company is represented with an all-encompassing review and several other articles dealing with various aspects of their offer. A list containing the very best choices will appear on your screen as you enter our website whose intuitive design will allow you to access all the most important information in real-time. We will explain minimum deposits, money withdrawals, bonuses, trading platforms, and many more topics down to the smallest detail. Rest assured, this amount of high-quality content dedicated exclusively to trading cannot be found anywhere else. Therefore, visiting us before making any important decisions regarding this type of trading is the best thing to do. CONCLUSION: Stay ahead of the market, and recover from all kinds of binary options trading loss, including market losses in bitcoin, cryptocurrency, and forex markets too. Send your request via email to - [email protected]
A little confused about MT5, brokers, and the hedging rule.
Im a software dev and I like trading stocks so Ive decided to try my hand at forex. I did some research and it seemed like the US implemented the "hedging rule" as a result of 08. From what Ive read mql4 allows hedging, mql5 doesnt. However, none of the US brokers Ive found use mt5 and all the brokers that do deal with mt5 dont accept American clients. Can anyone clear this up for me? Im not to sure where Im wrong in my research. It also seemed like mt4 might be phased out at some point so Id rather not learn that code base especially since Ive made a few bots in mql5 already.
With Bitcoin Suddenly Surging, Canaan Stock Is Also Going Up Today
How to get started in Forex - A comprehensive guide for newbies
Almost every day people come to this subreddit asking the same basic questions over and over again. I've put this guide together to point you in the right direction and help you get started on your forex journey. A quick background on me before you ask: My name is Bob, I'm based out of western Canada. I started my forex journey back in January 2018 and am still learning. However I am trading live, not on demo accounts. I also code my own EA's. I not certified, licensed, insured, or even remotely qualified as a professional in the finance industry. Nothing I say constitutes financial advice. Take what I'm saying with a grain of salt, but everything I've outlined below is a synopsis of some tough lessons I've learned over the last year of being in this business. LET'S GET SOME UNPLEASANTNESS OUT OF THE WAY I'm going to call you stupid. I'm also going to call you dumb. I'm going to call you many other things. I do this because odds are, you are stupid, foolish,and just asking to have your money taken away. Welcome to the 95% of retail traders. Perhaps uneducated or uninformed are better phrases, but I've never been a big proponent of being politically correct. Want to get out of the 95% and join the 5% of us who actually make money doing this? Put your grown up pants on, buck up, and don't give me any of this pc "This is hurting my feelings so I'm not going to listen to you" bullshit that the world has been moving towards. Let's rip the bandage off quickly on this point - the world does not give a fuck about you. At one point maybe it did, it was this amazing vision nicknamed the American Dream. It died an agonizing, horrible death at the hand of capitalists and entrepreneurs. The world today revolves around money. Your money, my money, everybody's money. People want to take your money to add it to theirs. They don't give a fuck if it forces you out on the street and your family has to live in cardboard box. The world just stopped caring in general. It sucks, but it's the way the world works now. Welcome to the new world order. It's called Capitalism. And here comes the next hard truth that you will need to accept - Forex is a cruel bitch of a mistress. She will hurt you. She will torment you. She will give you nightmares. She will keep you awake at night. And then she will tease you with a glimmer of hope to lure you into a false sense of security before she then guts you like a fish and shows you what your insides look like. This statement applies to all trading markets - they are cruel, ruthless, and not for the weak minded. The sooner you accept these truths, the sooner you will become profitable. Don't accept it? That's fine. Don't bother reading any further. If I've offended you I don't give a fuck. You can run back home and hide under your bed. The world doesn't care and neither do I. For what it's worth - I am not normally an major condescending asshole like the above paragraphs would suggest. In fact, if you look through my posts on this subreddit you will see I am actually quite helpful most of the time to many people who come here. But I need you to really understand that Forex is not for most people. It will make you cry. And if the markets themselves don't do it, the people in the markets will. LESSON 1 - LEARN THE BASICS Save yourself and everybody here a bunch of time - learn the basics of forex. You can learn the basics for free - BabyPips has one of the best free courses online which explains what exactly forex is, how it works, different strategies and methods of how to approach trading, and many other amazing topics. You can access the BabyPips course by clicking this link: https://www.babypips.com/learn/forex Do EVERY course in the School of Pipsology. It's free, it's comprehensive, and it will save you from a lot of trouble. It also has the added benefit of preventing you from looking foolish and uneducated when you come here asking for help if you already know this stuff. If you still have questions about how forex works, please see the FREE RESOURCES links on the /Forex FAQ which can be found here: https://www.reddit.com/Forex/wiki/index Quiz Time Answer these questions truthfully to yourself: -What is the difference between a market order, a stop order, and a limit order? -How do you draw a support/resistance line? (Demonstrate it to yourself) -What is the difference between MACD, RSI, and Stochastic indicators? -What is fundamental analysis and how does it differ from technical analysis and price action trading? -True or False: It's better to have a broker who gives you 500:1 margin instead of 50:1 margin. Be able to justify your reasoning. If you don't know to answer to any of these questions, then you aren't ready to move on. Go back to the School of Pipsology linked above and do it all again. If you can answer these questions without having to refer to any kind of reference then congratulations, you are ready to move past being a forex newbie and are ready to dive into the wonderful world of currency trading! Move onto Lesson 2 below. LESSON 2 - RANDOM STRANGERS ARE NOT GOING TO HELP YOU GET RICH IN FOREX This may come as a bit of a shock to you, but that random stranger on instagram who is posting about how he is killing it on forex is not trying to insprire you to greatness. He's also not trying to help you. He's also not trying to teach you how to attain financial freedom. 99.99999% of people posting about wanting to help you become rich in forex are LYING TO YOU. Why would such nice, polite people do such a thing? Because THEY ARE TRYING TO PROFIT FROM YOUR STUPIDITY. Plain and simple. Here's just a few ways these "experts" and "gurus" profit from you:
Referral Links - If they require you to click a specific link to signup for something, it means they are an affiliate. They get a commission from whatever the third party is that they are sending you to. I don't care if it's a brokerage, training program, hell even an Amazon link to a book - if they insist you have to click their super exclusive, can't-get-this-deal-any-other-way-but-clicking-my-link type bullshit, it's an affiliate link. There is nothing inherently wrong with affiliate programs, but you are literally generating money for some stranger because they convinced you to buy something. Some brokers such as ICMarkets have affiliate programs that payout a percentage of the commission you generate - this is a really clever system - whether you profit or blow your entire account, the person who referred you to the broker makes a profit off you. Clever eh?
Signal Services, Education & Training Programs, Courses - If somebody is telling you they are making a killing with a signal service and are trying to convince you to join it, I guarantee they are getting a piece of your monthly fee. And better still, these signal services often work...for about a week. Just long enough to suck a bunch of poor fools into it. You see people making money, you want in so you agree to pay the $200+/month subscription fee. You follow the signals and it looks like it's making money for a few days or weeks. Then it turns sideways, you start losing money hand over fist. Pretty soon you have lost most of your trading account because you blindly followed a signal service. And better still - when you go screaming at the person running the signal service they will be very quick to point you to their No Refunds policy. To add insult to injury, the buttfucker that referred you to the signal service in the past will likely listen to you getting mad, and then come back with something like "Sorry it didn't work out, but I just joined this other amazing service and it's working great, you should come join it to earn your money back. Here's my link..." You get the point here right?
Multi-Level Marketing (MLMs) - These people are scum. They are going to offer you training and education, signals, access to forex experts and gurus, and all kinds of other shit with the promise that you will live the dream and become financially free. They are also loading you into a pyrmaid scheme where you will be hounded to recruit other people and make money off them just like you got roped into it. A really prime example here is iMarkets Live (or IML for short). Don't touch this shit with a 10 foot pole. I don't care what they are claiming, you will lose everything using them.
Fund Managers - These people make my skin crawl. It's a classic scam and it works like this - somebody will post online about how much money they are making trading forex/commodities/stocks/whatever. Most of the time they won't explicitly post they are offering a trading service, rather they just put the message out there and wait for the ignorant masses (that's you) to contact them. They will charm you. They will lie to you. They will promise you the moon if you simply wire them some money or give them API access to your trading account. Care to guess what happens next? If you send a wire transfer (or Western Union...hell any kind of payment to them) they will vanish. Happens usually after they take a bunch of suckers for the ride. You sent them $2,000 and so do 9 other suckers. They just made $20,000 and are gone. With API access to your account, you will find your account gets blown super fast or worse - possibly leaving you open to persecution by the broker you are using.
These are just a few examples. The reality is that very few people make it big in forex or any kind of trading. If somebody is trying to sell you the dream, they are essentially a magician - making you look the other way while they snatch your wallet and clean you out. Additionally, on the topic of fund managers - legitimate fund managers will be certified, licensed, and insured. Ask them for proof of those 3 things. What they typically look like are:
Certified - This varies from country to country, in the US it's FINRA (http://www.finra.org). They need to have their Series 7 certification minimum. You can make the case that other FINRA certifications are acceptable in lieu of Series 7, but the 7 is the gold standard.
Licensed - They need to have a valid business license issued by the government. It must clearly state they are an investment company, preferrably a hedge fund because they have some super strict requirements to operate (and often require $25,000+ in fees just to get their business license, so you know they at least have some skin in the game).
Insured - They need to be backed by an insurance company. I'm not talking general insurance for shit like their office burning down. I'm talking about a government-implemented protection insurance program - in the US I believe that is issued by the Securities Investment Protection Corporation (https://www.sipc.org/).
If you are talking to a fund manager and they are insisting they have all of these, get a copy of their verification documents and lookup their licenses on the directories of the issuers to verify they are valid. If they are, then at least you are talking to somebody who seems to have their shit together and is doing investment management and trading as a professional and you are at least partially protected when the shit hits the fan. LESSON 3 - UNDERSTAND YOUR RISK Many people jump into Forex, drop $2000 into a broker account and start trading 1 lot orders because they signed up with a broker thinking they will get rich because they were given 500:1 margin and can risk it all on each trade. Worst-case scenario you lose your account, best case scenario you become a millionaire very quickly. Seems like a pretty good gamble right? You are dead wrong. As a new trader, you should never risk more than 1% of your account balance on a trade. If you have some experience and are confident and doing well, then it's perfectly natural to risk 2-3% of your account per trade. Anybody who risks more than 4-5% of their account on a single trade deserves to blow their account. At that point you aren't trading, you are gambling. Don't pretend you are a trader when really you are just putting everything on red and hoping the roulette ball lands in the right spot. It's stupid and reckless and going to screw you very quickly. Let's do some math here: You put $2,000 into your trading account. Risking 1% means you are willing to lose $20 per trade. That means you are going to be trading micro lots, or 0.01 lots most likely ($0.10/pip). At that level you can have a trade stop loss at -200 pips and only lose $20. It's the best starting point for anybody. Additionally, if you SL 20 trades in a row you are only down $200 (or 10% of your account) which isn't that difficult to recover from. Risking 3% means you are willing to lose $60 per trade. You could do mini lots at this point, which is 0.1 lots (or $1/pip). Let's say you SL on 20 trades in a row. You've just lost $1,200 or 60% of your account. Even veteran traders will go through periods of repeat SL'ing, you are not a special snowflake and are not immune to periods of major drawdown. Risking 5% means you are willing to lose $100 per trade. SL 20 trades in a row, your account is blown. As Red Foreman would call it - Good job dumbass. Never risk more than 1% of your account on any trade until you can show that you are either consistently breaking even or making a profit. By consistently, I mean 200 trades minimum. You do 200 trades over a period of time and either break-even or make a profit, then you should be alright to increase your risk. Unfortunately, this is where many retail traders get greedy and blow it. They will do 10 trades and hit their profit target on 9 of them. They will start seeing huge piles of money in their future and get greedy. They will start taking more risk on their trades than their account can handle. 200 trades of break-even or profitable performance risking 1% per trade. Don't even think about increasing your risk tolerance until you do it. When you get to this point, increase you risk to 2%. Do 1,000 trades at this level and show break-even or profit. If you blow your account, go back down to 1% until you can figure out what the hell you did differently or wrong, fix your strategy, and try again. Once you clear 1,000 trades at 2%, it's really up to you if you want to increase your risk. I don't recommend it. Even 2% is bordering on gambling to be honest. LESSON 4 - THE 500 PIP DRAWDOWN RULE This is a rule I created for myself and it's a great way to help protect your account from blowing. Sometimes the market goes insane. Like really insane. Insane to the point that your broker can't keep up and they can't hold your orders to the SL and TP levels you specified. They will try, but during a flash crash like we had at the start of January 2019 the rules can sometimes go flying out the window on account of the trading servers being unable to keep up with all the shit that's hitting the fan. Because of this I live by a rule I call the 500 Pip Drawdown Rule and it's really quite simple - Have enough funds in your account to cover a 500 pip drawdown on your largest open trade. I don't care if you set a SL of -50 pips. During a flash crash that shit sometimes just breaks. So let's use an example - you open a 0.1 lot short order on USDCAD and set the SL to 50 pips (so you'd only lose $50 if you hit stoploss). An hour later Trump makes some absurd announcement which causes a massive fundamental event on the market. A flash crash happens and over the course of the next few minutes USDCAD spikes up 500 pips, your broker is struggling to keep shit under control and your order slips through the cracks. By the time your broker is able to clear the backlog of orders and activity, your order closes out at 500 pips in the red. You just lost $500 when you intended initially to only risk $50. It gets kinda scary if you are dealing with whole lot orders. A single order with a 500 pip drawdown is $5,000 gone in an instant. That will decimate many trader accounts. Remember my statements above about Forex being a cruel bitch of a mistress? I wasn't kidding. Granted - the above scenario is very rare to actually happen. But glitches to happen from time to time. Broker servers go offline. Weird shit happens which sets off a fundamental shift. Lots of stuff can break your account very quickly if you aren't using proper risk management. LESSON 5 - UNDERSTAND DIFFERENT TRADING METHODOLOGIES Generally speaking, there are 3 trading methodologies that traders employ. It's important to figure out what method you intend to use before asking for help. Each has their pros and cons, and you can combine them in a somewhat hybrid methodology but that introduces challenges as well. In a nutshell:
Price Action Trading (Sometimes called Naked Trading) is very effective at identifying when trends will start and finish. This gives you the advantage of staying ahead of the market and predicting when a change in trend direction will occur. It has the disadvantage of being really easy to screw it up if you don't plot your support and resistance lines properly and interpret the chart wrong. Because you can identify a change in trend direction, you'll generally make more profit on a new trend than a technical strategy will.
Technical Analytics (or TA) uses math and statistics to try and identify where the market is headed or confirm/reject whether a trend is happening. It has the advantage of being very math and stat driven which is hard to refute the numbers, but it has the disadvantage of being late to the party when it comes to identifying trends (hence why people call TA a lagging strategy). When people fail using TA, it's not because of the math - it's because you misinterpreted what the math is telling you.
Fundamental Analysis (or FA) uses news and macro scale events to predict what is going on. A really good example right now is Brexit, what a clusterfuck that is. Every time some major brexit news breaks it causes all sorts of choas in almost every currency pair. Fundamental trading has the highest potential profitability per trade but it also has the highest potential drawdown per trade.
Now you may be thinking that you want to be a a price action trader - you should still learn the principles and concepts behind TA and FA. Same if you are planning to be a technical trader - you should learn about price action and fundamental analysis. More knowledge is better, always. With regards to technical analysis, you need to really understand what the different indicators are tell you. It's very easy to misinterpret what an indicator is telling you, which causes you to make a bad trade and lose money. It's also important to understand that every indicator can be tuned to your personal preferences. You might find, for example, that using Bollinger Bands with the normal 20 period SMA close, 2 standard deviation is not effective for how you look at the chart, but changing that to say a 20 period EMA average price, 1 standard deviation bollinger band indicator could give you significantly more insight. LESSON 6 - TIMEFRAMES MATTER Understanding the differences in which timeframes you trade on will make or break your chosen strategy. Some strategies work really well on Daily timeframes (i.e. Ichimoku) but they fall flat on their face if you use them on 1H timeframes, for example. There is no right or wrong answer on what timeframe is best to trade on. Generally speaking however, there are 2 things to consider:
Speed - If you are scalping (trading on the really fast candles like 1M, 5M, 15M, etc) odds are your trades are very short lived. Maybe 10 minutes to an hour tops. For the most part, scalping strategies will produce little profit per trade but make up for it in the sheer volume of trades. Whereas swing trading may only make a few trades but each one could be worth a significant amount of money.
Spread (the fee you pay to the broker when you trade) - If you are a scalper, the spread is your worst enemy because you have to overcome it very fast to make a profit on your order. Whereas swing trading the spread hardly impacts you at all.
If you are a total newbie to forex, I suggest you don't trade on anything shorter than the 1H timeframe when you are first learning. Trading on higher timeframes tends to be much more forgiving and profitable per trade. Scalping is a delicate art and requires finesse and can be very challenging when you are first starting out. LESSON 7 - AUTOBOTS...ROLL OUT! Yeah...I'm a geek and grew up with the Transformers franchise decades before Michael Bay came along. Deal with it. Forex bots are called EA's (Expert Advisors). They can be wonderous and devastating at the same time. /Forex is not really the best place to get help with them. That is what /algotrading is useful for. However some of us that lurk on /Forex code EA's and will try to assist when we can. Anybody can learn to code an EA. But just like how 95% of retail traders fail, I would estimate the same is true for forex bots. Either the strategy doesn't work, the code is buggy, or many other reasons can cause EA's to fail. Because EA's can often times run up hundreds of orders in a very quick period of time, it's critical that you test them repeatedly before letting them lose on a live trading account so they don't blow your account to pieces. You have been warned. If you want to learn how to code an EA, I suggest you start with MQL. It's a programming language which can be directly interpretted by Meta Trader. The Meta Trader terminal client even gives you a built in IDE for coding EA's in MQL. The downside is it can be buggy and glitchy and caused many frustrating hours of work to figure out what is wrong. If you don't want to learn MQL, you can code an EA up in just about any programming language. Python is really popular for forex bots for some reason. But that doesn't mean you couldn't do it in something like C++ or Java or hell even something more unusual like JQuery if you really wanted. I'm not going to get into the finer details of how to code EA's, there are some amazing guides out there. Just be careful with them. They can be your best friend and at the same time also your worst enemy when it comes to forex. One final note on EA's - don't buy them. Ever. Let me put this into perspective - I create an EA which is literally producing money for me automatically 24/5. If it really is a good EA which is profitable, there is no way in hell I'm selling it. I'm keeping it to myself to make a fortune off of. EA's that are for sale will not work, will blow your account, and the developer who coded it will tell you that's too darn bad but no refunds. Don't ever buy an EA from anybody. LESSON 8 - BRING ON THE HATERS You are going to find that this subreddit is frequented by trolls. Some of them will get really nasty. Some of them will threaten you. Some of them will just make you miserable. It's the price you pay for admission to the /Forex club. If you can't handle it, then I suggest you don't post here. Find a more newbie-friendly site. It sucks, but it's reality. We often refer to trolls on this subreddit as shitcunts. That's your word of the day. Learn it, love it. Shitcunts. YOU MADE IT, WELCOME TO FOREX! If you've made it through all of the above and aren't cringing or getting scared, then welcome aboard the forex train! You will fit in nicely here. Ask your questions and the non-shitcunts of our little corner of reddit will try to help you. Assuming this post doesn't get nuked and I don't get banned for it, I'll add more lessons to this post over time. Lessons I intend to add in the future:
Why you will blow your first account and what to do when it happens
Trading Psychology (this will be a beefy one and will take a while to put together)
Exotics vs Majors and which you should focus on as a newbie (aka how to blow your account in a single trade with exotics)
I'm currently working as a custometech support for a forex broker. I've worked with other companies before for phones, debit cards and home renovation financing but this is the first time that I handled chat. I accepted an incoming chat about a user that could not login and would like to know some information about forex trading. * User: Hi, I could not login. Can you help me out? Me: Sure, may I have your username and email? User: It's ************ and ********* Me: Are you having trouble with the password? (I know it was the password since we can see it if he has a failed login attempt) User: I guess so, I forgot my password. Me: I'm sending you a password reset link, this will allow you to create a new password. (I refrain from asking users to click the forgot password on the website since most users doesn't seem to read, probably they are just lazy.) * The user was able to reset and password and managed to login. Afterwards he/she started to ask some forex related inquiries. What surprised him/her was how fast I replied to each of his/her questions. Little did he/she know was I can see the things that he/she was typing before sending his/her question. There was even a time when I already sent him/her an answer before him/her sending his/her question. * User: You know ***** It's either you can read my mind or you type very fast. Anyway, thanks for your help. * I'm still enjoying my job, maybe because the work is light and we don't usually have angry clients that would blame us for even breathing. Thanks for your time, I'm going to sleep and it's my off tomorrow. Enjoy your weekend.
Coinexx.com is one of the new- gen hybrid Crypto Forex Broker. They offer Forex CFDs, Commodities, Indies and Crypto pairs for trading. The competitive spreads, low commissions and good trading conditions are getting the broker rave reviews. Coinexx doesn’t require any identity verification for traders to set up an account. The broker has a strict “no fiat” policy meaning you cannot deposit in traditional fiat currencies. They offer 25 crypto currencies to deposit and withdraw at no cost. The deposits are auto & instant and withdrawals within 24 hours. They offer both metatrader platforms, i.e. MT4 and MT5 to clients to trade on their ECN account. The traders can choose between a BTC, BCC, LTC, USD and ETH base currency account. What Stands Out - Any to Any deposit & withdrawals between 25 altcoins -Tight Spreads- 500X leverage and leveraged crypto pairs -Commission at just $2 per lot, lowest from our list of brokers - No Verification Anonymous Account Opening - Accepts US clients, Canadian Clients and is NON ESMA - Live Chat Support 24/5 (unusual for a Crypto Broker) - Trust Factor – 5/5 stars Con – MT4 Missing. The broker argues that since Meta Quotes will not be updating MT4 and all ultimately MT4 brokers will have to transition to MT5 so they decided to offer MT5 only. More of their business decision not a Con per say. [Update: Coinexx is now offering MT4 platform to traders] Scam Alert – NIL PS: the review is based on facts collected from internet as well as other forums and after testing the broker's live account by our moderators. Let us know what you think about the broker in the comments below and/or if you hold a different view that what has been said above. ------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------ Breaking News: Coinexx acquired FinPro Trading. What does this mean for FinPro Trading traders? You will continue to trade on the same MT4 trading terminal that you are currently using at Finpro, with your existing MT4 login ID/Password. The commission charges will continue to be the same while the spreads will become better than what they used to be at Finpro.
Evolve market is based in Island of St Vincent and the Grenadines. They offer trading in Forex, indices, commodities and crypto currencies. Forex , indices, & commodities on MT4 & MT5. The broker offers great spreads and allows you to trade on a zero commission and Pro account types. The zero commission account offer STP spreads with no commission on top and the pro account offer 0 pip spread with a commission of $3.5 pe lot. The broker allows you to only deposit & withdraw in BTC and LTC The broker has variety of payments methods for its clients including Bitcoin and XRP. What stands out? -No minimum Deposit - Anonymous Trading Account -Leverage 500X leverage on Fx and 50X in Cryptos. - Spreads - Accepts Canadian & is NON ESMA - No withdrawal fees -Trust factor- 4.5/5 Cons- -No Chat or phone support. And the ticket support is not very responsive. Scam alert- NIL PS- The review is based on facts collected from internet as well as other forums and after testing the broker's Demo by our moderators. Let us know what you think about the broker in the comments below and/or if you hold a different view that what has been said above.
TurnkeyForex is a pure ECN broker who offers the MT4 for trading CFDs. The instruments offered are Forex, Commodities and Indices. Apart from offering very tight spreads, the broker offers one of lowest commissions we’ve come across from a Fx Broker - $2 per 100 k on a round trip. You can trade on an ECN, standard STP, Islamic and Micro account with them. While demo testing, the moderators were impressed with the execution and trading conditions. There are multiple bonus offers that turnkey forex offers with one being commission free trading for a month. You can find more details on their website What Stands Out - Low Commissions - Tighter Spreads-Responsive customer support -Leverage 400X -Accepts US clients, Canadian Clients and is NON ESMA -Trust Factor – 5/5 stars (as per website reviews) Scam Alert – NIL PS: the review is based on facts collected from internet as well as other forums. Let us know what you think about the broker in the comments below and/or if you hold a different view that what has been said above.
WhaleClub is an online CFD broker that uses their own custom built CFD trading platform to offer trading, forex, commodities, Indices and stocks. Whale Club doesn’t require any identity verification for traders to set up an account. The exchange has a strict “no fiat” policy meaning they don’t use the banks or any similar traditional institutions or fiat currencies in their operations. There are no commissions for trading but when it comes to withdrawals .001BTC for charged for BTC withdrawals, 0.005 for ETH, 0.01LTC for LTC and 0.01DASH for DASH withdrawals. And whaleclub also charges for leverage users. What Stands Out: - Custom built CFD trading platform - "Turbo Trading" demo account more like their in house binary options - No Verification Anonymous Account Opening - Trust Factor – 3/5 stars Cons -Fees & Leverage Charges -Does not accept US clients Scam Alert – There are reports of withdrawal issues and misleading fees. PS: The review is based on facts collected from internet as well as other forums and after testing the broker's Demo by our moderators. Let us know what you think about the broker in the comments below and/or if you hold a different view that what has been said above.
Derivatives Trading is on the Edge of a New World With Artificial Intelligence on Level01
https://preview.redd.it/2r0yyzpr9z321.png?width=640&format=png&auto=webp&s=4d3d9fa506588761696133140ca38af266215f29 Could artificial intelligence in trading become the new normal? Advances in technology and new standards surrounding automated trading are pushing us ever closer to transforming the industry. If this sounds very much like a science fiction movie, we can assure you it is not. In fact, artificial intelligence (AI) is already being utilized by banks, but its going to take a little longer for people to catch up to the idea that their investment is as safe, if not safer than it would be if their investments were handled by humans. An analysis by Accenture indicates that between 2018 and 2022, banks that invest in AI and human-machine collaboration at the same rate as top-performing businesses could boost their revenue by an average of 34 percent. AI’s application is proven to improve efficiencies or customer outcomes and the software-development team at Level01 is working hard to achieve a human-machine collaborated future in derivatives trading — to help people trade better, with ease and peace of mind. As far as discernment in artificial intelligence in trading go, algorithmic trading is perhaps the most discussed of all. If we take a closer look at its application today, automated trading reflects our attitudes towards technology and how it is evolving the way we invest. Yet much of the discussion is still fixated on the hypothetical scenarios that automated trading would take over human jobs. Much less weight is being placed on the fact that AI through its fundamental form known to many as algorithmic trading has been used by institutional and retail investors for almost a decade now. “But there’s an obvious gap between institutional and retail users when it comes to trading and we aim to bridge that gap by creating a ‘level playing field’ for Level01 users. We do this by empowering them with our AI price discovery mechanism known as ‘FairSense’” says Naglis Vysniauskas, Head Quant Developer at Level01. “The AI was built using cross-stream analytics that were previously available only to institutional organizations.” From helping investors to assess true market value of the contracts to enabling them to continuously update their bid or offer price relative to the implied fair value by FairSense, plenty of functions were built in to support human-collaborated trading, rather than substituting it. Introducing these features on a sleek user-friendly app is a strategic step-by-step approach to help the public get used to a whole different way of investing on an efficient and trustworthy Peer to Peer Derivatives Market platform like Level01. “People will experience trading at speeds, liquidity, freedom, accountability and transparency that have never been available before” says Vysniauskas. Those that find it hard to believe, can now experience trading on Level01 without limitations traditionally set by brokers, who would force their clients to accept their given price, disallow clients from dictating the best execution and insist that clients to trade at a ‘spread vs. mid’ (clients have no power to negotiate the level of spreads which they pay). The level of freedom granted to users on Level01 is enticing and highly persuasive. “On the Level01 Derivatives Exchange platform, retail investors (or users as we call them) can trade against multiple peers or brokers, and this enables them to find best execution available,” says Vysniauskas. “Also, the ability to specify a fixed spread to fair value of an instrument could potentially reduce trading spreads significantly for large investors.” The practicality of this feature though may not fit small investors though, because leaving fixed bid or offer prices without continuous adjustment would be risky in markets where sudden movements are common. “That is why we built Level01 to give users the freedom to continuously update their bid or offer price relative to the implied fair value by FairSense, this is so that if the trade is not a match, the bid or offer price is updated continuously as market moves to ensure that it is always priced competitively relative to the most recent fair value” adds Vysniauskas. HOW DOES FAIRSENSE WORK TO LEVEL01 USER’S ADVANTAGE? For the purposes of explaining how FairSense AI helps users on Level01, we take a look at this case study of a Binary Option Example on EUUSD Forex Pair. https://preview.redd.it/qqiilcks9z321.png?width=600&format=png&auto=webp&s=cfff89ed36c8051751e93f072c5c5f89b2ecace5 A 10-minute binary put option is being offered at a $59.73 (fair value +$0.50). The order is not filled or matched almost immediately, and after 4 seconds, the EUUSD spot price has moved by 1.5 pips and the fair value has not moved above the investor’s offer price. In this case, a contract is being offered below fair value. Now take a look at Chart 01 below. You can see that the relationship of the fair value of an option with the spot EUUSD price. You can tell that the fair value is highly dependent on the spot rate. Thus, if a retail investor submits an offer to an exchange, it might be filled at a time when it is already below the fair value — an undesirable scenario for investors. Such scenarios will stop investors from submitting further offers to the exchange. https://preview.redd.it/v9gfxbit9z321.png?width=600&format=png&auto=webp&s=fea9e3720a679b5f79e0306409c73f71844210ac To resolve this common problem, Level01’s FairSense AI enables all investors to quote ‘relative offers’ to FairSense’s fair value. This allows investors to simultaneously compete for the best offers without imposing them with a requirement to have their own algorithms for price estimation and having them continuously updating the quote manually. https://preview.redd.it/4lmbz3du9z321.png?width=600&format=png&auto=webp&s=dd59e23b3bab3d0d0097f5a0016bf489ddbbae4f In many ways, having AI as the norm will become essential to creating investment outcomes that are optimized for every type of investor, truly transforming the way trading is done. With an advanced Blockchain platform, AI and inbuilt frameworks that are designed to favor the user, Level01 will shape the future of automated trading on its Peer to Peer Derivatives Exchange at scale and speed that the world will come to marvel.
May 28th, 2018 Dear potential investors, I'm Nguyen Nam Hai, C.E.O of ClickGem Project (ClickGem Inc – Belize), you can call me as Hai! First of all, thanks for your interest in ClickGem Project, this is the honor of our development team! Second, although you can find all information about ClickGem project on the internet, I still want to provide you a brief summary and explain which can help you to understand this project easily and fully: - ClickGem project is creating a new payment system which is much better than all current payment systems, include PayPal and other similar payment systems! We are focusing on developing a payment gateway (paygate) which can support to pay and receive payment with multiple different currencies (both cryptocurrencies and fiat money), it has a special feature for exchange currency instantly during transaction, through exchange floors (this is an important advantage because buyers can pay by any currency and they not need to match with currency which sellers want to receive, and always get the lowest exchange rates from the market) and very low fee. That is our core application! Then we will develop additional an ecosystem of applications and APIs to support that core application. We will also develop two-directions API for our paygate so it can integrate with other forex/cryptocurrency exchanges to increase liquidity and have more chances to find the lowest exchange rate when exchange currency for buyers/sellers when they using our paygate. - Another advantage of ClickGem paygate: at this time, not many merchants/sellers are ready to accept payments for their business by cryptocurrencies because of many reasons (tax declaration, risks of the exchange rate, risks of the liquidity, risks with the law - not many governments allow cryptocurrency business) while in fact have a lot of people owned cryptocurrencies want to use it as currencies for shopping, for payment... ClickGem paygate will support for cross-exchange between Fiat currency and cryptocurrency and it will be a solution to connect people owning cryptocurrency with all merchants/sellers around the world. - ClickGem is a project started from January 2018 that aims to create all tools and applications which will support and encourage people to use more cryptocurrencies in different fields of the real life instead of only trading them like stocks/currencies/commodities on exchanges floors on the internet. Until now, we achieved some points on our roadmap and launched some important working applications. Our development team are still improving those applications (add more features, improve processing speed and security, optimize user interface) and developing new applications to build ClickGem ecosystem. You can see our roadmap at here: https://www.clickgem.com/roadmap.html . You can also test our applications by register an account on the website! - ClickGem project also has its own cryptocurrency called ClickGem (CGM). Web wallet, full-node wallet for Linux and block explorer had been launched already. Full-node wallet for Windows and MacOS are estimated to be launched in next month (June 2018)! Because ClickGem project focuses solely on developing an ecosystem of applications which support for all cryptocurrencies, so the CGM cryptocurrency is simply forked from Litecoin open source. However, we think it is good enough to use as a cryptocurrency, no need any new additional features! - ClickGem project is a service provider and we will generate profits mainly from collect fees from people who used our tools and applications. We released our owned cryptocurrency to raise fund from the community to have more budget for ClickGem project development. ClickGem cryptocurrency has all the same function with other currencies which supported by our system. But our users will always get 50% discount on every fee when utilizing ClickGem cryptocurrency (cheaper fee than other currencies). Especially, some future applications in ClickGem ecosystem will only support for ClickGem cryptocurrency. People can also trade ClickGem cryptocurrency in many other public exchange floors. When ClickGem ecosystem is fully developed and present at all of its target markets, it will have a lot of users around the world. Needs of CGM cryptocurrency will increase a lot (because it has a lot of incentives compared to other cryptocurrencies which supported in ClickGem ecosystem) while its maximum supply is only 30 million, so its price will increase rapidly! - Until this time (May 2018), ClickGem website has very good ranking, over 60,000 registered users and over 22,000 followers on Telegram and still increasing day by day. - ClickGem is a young project but developer team is professional and high qualified but, above all, is very motivated in achieving predetermined goals. If ClickGem project succeeded: - It will help all merchants/sellers have a better way to receive payment and have more buyers. - It will help all buyers have a new payment method which is more flexible and better than all old methods, easier for online shopping. - It will help all people who owning cryptocurrency can use their cryptocurrency to do more things than only trading it on exchange floors. - It will help many exchange floors (include Forex and cryptocurrency exchanges) have more buy orders and improve liquidity. - It will accelerate the implementation and application of global blockchain technology. ClickGem project will be a global service like PayPal, Amazon, Alibaba or Aliexpress so it can access all markets in the world and its scalability is unlimited! Our project will attend to ICORace event (www.icorace.ch) in Switzerland on June 6/7th. Have over 100 ICO applications sent to ICORace, but our project is on top 20 ICO projects which will enter semi-finals! That means our project is highly appreciated by the ICORace organizer. We will have a chance to present our project as a speaker to a lot of investors at there. This is a very good chance to attract people from ICORace event to our project! Our project also attended to the 2nd Global Fintech & Blockchain China Expo 2018 at Shanghai (China) on last month (April 2018) and attended to the World BlockChain CryptoCurrency Summit Moscow 2018 (WBCSUMMIT MOSCOW 2018) in Russia on this month (May 2018). Our business idea is also highly appreciated by every people in both events! You can see our presence in both events at here: https://www.clickgem.com/updates-apr-12-2018-clickgem-team-…https://www.clickgem.com/updates-may-20-2018-meet-us-at-wor…https://www.clickgem.com/updates-may-19-2018-meet-us-at-wor… Third, I want to tell you about my personal story and the reason of idea to start the ClickGem project: I'm a businessman and I have a small factory in Vietnam for producing hair extensions & wigs products (Company introduction: https://www.youtube.com/watch?v=fMHk0UyA05s). I have been running this business for about 10 years. Most of the products produced in my factory are exporting to many different countries (USA, Russia, Brazil, Mexico, Germany, Portugal, UK, Hong Kong, Korea etc...). Within 10 years doing international business, one of biggest troubles for my business is receive payments from international clients because most of my clients don't want to pay directly to my company bank account because of the barrier of customs and import procedures, etc... To maintain business with those clients, I have to suggest them to: - Pay to my personal bank account >> It usually makes trouble to me for tax declaration. - Pay through personal money transfer companies like Western Union, MoneyGram, Unistream, etc... >> Can only receive small amounts, high fees. I still have trouble with tax declaration. - Pay through PayPal >> Many limitations and very high fee (PayPal transaction fee is 4.4% but the total amount I lose usually up to 12% because PayPal only allows merchants to withdraw money from the account by local currency and they always apply exchange rates which are very disadvantage for the merchant). I still have trouble with tax declaration - Pay by cash through brokers, pilots or flight attendants >> No trouble with tax declaration but can't transfer big amounts. High fee, and high risk! Because of limitation and barriers to receiving payment, I can't easy to expand my business. I know that not only I have this trouble, a lot of business people are having the same trouble! I never stop finding the better solution to solve problems with receive payment! Until when I know about cryptocurrency which created using blockchain technology and strong communities are supporting the cryptocurrency, I strongly believe it can replace our current currencies in a future near. Cryptocurrency has a lot of advantages which compared to our current currencies. However, now is just the beginning of the era of cryptocurrency, we still have not many applications with enough features to support cryptocurrency to become our main currency. I start thinking about ClickGem Project which can have all features combined from PayPal, CoinBase, Forex websites, cryptocurrency exchange websites, Amazon, Alibaba, Aliexpress, etc... which can support strongly for cryptocurrency and become a perfect system for payment and exchange currencies. Currently, my team has not many people, but we can achieve many goals within a short time (about 5 months), although before that we haven't any preparation and even don't know many about blockchain technology. That can show our ability is not small and that ability will continue to multiply many times when we have more budget to recruit more talented people! I know that still have many difficulties in future and still need more time make ClickGem system become a perfect system, but I strongly believe that every difficulty will have the solution to solve (like the way I have been done with my current business from the zero) and I believe can make these ideas become real! Other reasons make me strongly believe ClickGem project will be succeeded and it could become the big system like PayPal, Amazon, Alibaba, Aliexpress, etc… are: I believe that when we do anything if we don't believe in ourselves and what we are doing, we will never succeed. And what is easy come will easy go, only goals which are difficult to be achieved will create the real value! My team members owned a same great skill is we never give up and we will always search for solutions to solve all difficulties! I also know that because of the unstable situation of politic and economy are happening many places around the world, so many people start finding better currencies for daily transactions or hold as an asset instead of Fiat currency (cash, money at banks), gold or some things like that, this is also the main reason to make cryptocurrency become a very hot trend at this time! I believe that is the normal evolution and development of human society (in our history has witnessed many similar phases and events)! I have enough knowledge about IT field and doing business, I understand that to build systems like PayPal, Amazon, Alibaba or Aliexpress is not very difficult, I'm total can build similar systems but my systems even can support for both cryptocurrency and Fiat currency! Those companies only difference with me is they have a great opportunity to receive support from big funding companies and even government because all of them are established at the beginning of the era of the internet (For example: Alibaba has established from the beginning of the era of the internet in China, so they have opportunity to receive great support from big funding companies like SoftBank, etc... and the Chinese Government about resources, relationships, policies, etc...). The beginning of the era of the stock market is also similar to the beginning of the era of the internet, also generated many big names and many big companies. Current is the beginning of the era of the blockchain technology and cryptocurrency, I believe that we have the same opportunity with PayPal, Amazon, Alibaba or Aliexpress... Why not take this opportunity? My team only think and do, with all of our efforts and sincerity, I believe we can convince and get support from many investors to realize our dream! I still have a lot of ideas to do with ClickGem project, however, my budget is limited and I can’t do everything alone! So, I always looking for more people who can join a hand with me, together to make this project succeed! Would you like to join one hand with me? I hope ClickGem project can meet your interest and opens the way for an interesting and profitable collaboration! Thanks for spending your time to read my proposal and I hope you will spend more time to review ClickGem project! Looking forward to hearing from you soon! Best regards, --- Nguyen Nam Hai – CEO [email protected] ClickGem Project https://www.clickgem.com https://www.clickgem.com/ceo-letter-may-28-2018-clickgem-pr… t.me/clickgem/179
There has been lot of queries regarding Blackhedge. As one of the founders of Blackhedge I thought it would be proper to put up a brief primer on Blackhedge explaining about ourselves and our services and how you can profit from it before it fully goes functional.Those of you who have not visited our website yet can visit us at www.blackhedge.co . In short Blackhedge is the world's first Altcoin centric proprietary trading firm.That is simply we trade all fiat asset classes ( forex, stocks, commodities, bonds) and also crypto currencies with company owned shareholder funds and pay dividends to our shareholders in purely BLK .( This is unlike some bitcoin based hedgefunds who only trade bitcoins)We also finance BLK centric crypto projects and promote blackcoin technology. Most of you by now are probably thinking that we are yet another crypto scam site who will disappear with the money overnight.Most of you might question that is it even legal ??The main issue with most cryptocoiners is trust so far I understand and we are not even asking you to trust us. We are a proper registered firm managing our company owned funds and also acting as a money manager for three very reputed and regulated brokerage houses. As I said you do not need to trust us to make money from us :-). All you have to do is open an account with one of the brokers we are affiliated under and copy our trades in our account. So you do not have to pay money to us directly. You have full control of your money and you may withdraw it anytime you like minus our performance fees which varies from 15 -20 % which the broker directly debits from your account in case of a profit. We also accept clients from U.S and Canada.Sounds interesting ?? Read on. For Non U.S clients Minimum investment :- 100 USD Minimum top up :- 20 USD Performance fee:- 15 % Withdrawal penalty :- Nil Deposit :- Bank Wire/Credit Card and various e-currencies Broker :- Fxopen ( regulated in New Zealand) To open an account all you have to do is to click the following link and invest under our trade signals https://pamm.fxopen.com/en/Pamm/Blackhedge6 For U.S/Canada based clients Minimum investment :- 500 USD Performance fee :- 20 % Withdrawal penalty :- Nil Deposit Mode :- Bank Wire/Credit Cards Broker:- Tallinex( regulated in St. Vincents and Grenadines) To open an account please click the following link open an account http://www.tallinex.com/open-account?i=127745&s=127745 Also note we are not responsible if the broker does not open your account because of the lack of documents on your part or because of their anti- money laundering policies. We also do not provide tax or financial planning advise to clients availing this service. Need futher help or clarifications you can email us at [email protected] Also note a major percentage of the performance fees will go towards financing BLK projects and development of the blackcoin eco system. Further questions you might be pondering upon would be - 1)Is Blackhedge a ponzi scheme ? 2)If it is not a ponzi then is it profitable ? 3)Credentials of the Blackhedge traders ? 1) It cannot be a ponzi scheme because we do not accept any direct money from clients. We manage only our self owned shareholder(member) money .There are no guaranteed quantum of profits.Profits depend upon the performance of our traders. 2) Well you can follow our live trades in twitter at @Blackhedge_ Our trading statistics can be certified and tracked at a reputed third party website http://myfxbook.com/members/blackhedge . Yes we do make money. Need more mind boggling stats ?mail us we will be happy to flood you with more stats. 3)Traders trading our accounts have atleast one international financial certification i.e either a CFA( Certified Financial Analyst) or someone who has cleared all three levels of CMT ( Chartered Market Technician) Program from Market Technicians Association, New York. It is a prerequisite for anyone handling our accounts.We do not guarantee any certain quantum of profits but we do ensure that the trades you follow are done by professional qualified traders.As one of the founders of Blackhedge I have over 10 years of trading experience in the financial markets with both the certifications mentioned. If one wants to make a more active association with us in the capacity of a shareholder, we are open to private equity placements.Shareholders ofcourse gets their dividend in blackcoins and enjoy superior returns by participating directly in the growth of the company. Current Status :- Trading is on and interested folks and copy our trades and also contribute to the growth of blackcoin. Future Plans :- We are working on some other features of our website which will be online soon enough.We are also in the process of developing some pure blackcoin based financial products which I cannot elaborate right now for the sake of confidentiality. I hope members of this community will support us in this venture and together we can make a great coin i.e Blackcoin the greatest. Always bet on BLK. Please share your views with us in this thread/email us at [email protected]/follow us at twitter @Blackhedge_
XTRD is a technology company that are introducing a new infrastructure that would allow banks, hedge funds, and large institutional traders to easily access cryptocurrency markets. XTRD is launching three separate products in sequential stages to solve the ongoing problems caused by having so many disparate markets. Firstly a unified FIX API followed by XTRD Dark Pools and finally the XTRD Single Point of Access or SPA. Our goal is to build trading infrastructure in the cyptospace and become one of the first full service shops in the cryptocurrency markets for large traders and funds.
A single FIX API for trading across all connected exchanges
A robust GUI for manual cross execution on all crypto markets
A large liquidity pool, based on orders books from all connected exchanges
Best prices and best top of book execution net of fees
Low transaction fees
99.99999% reliability and uptime
Parent/child orders on multiple exchanges to minimize individual market impact
Advanced order types common in the equity and FX trading space
Establish XTRD as a premier market-making entity to mitigate spreads and increase liquidity in the cryptocurrency space
Derivative trading - XTRD plans to connect to LedgerX (US based, approved by the CFTC) for cryptocurrency options and swaps to offer unified hedging and derivate trading strategies
Robust, US based technical support
Reliable and familiar deployment methods for institutions:
IPSec as a connectivity option across the Internet
Cross connection options
Collocation space or VPS (Virtual Private Servers) that clients can rent from XTRD
UAT/Sandbox environment for testing
What are the industry issues?
COMPLEX WEB OF EXCHANGES. A combination of differing KYC policies, means of funding, interfaces and APIs results in a fragmented patchwork of liquidity for cryptocurrencies. Trading in an automated fashion with full awareness of best pricing and current liquidity necessitates the opening and use of accounts on multiple exchanges, coding to multiple API’s, following varying funding and withdrawal procedures. Once those hurdles are cleared, market participants must convert fiat currency to BTC or ETH and then forward the ETH on to an exchange that may not accept fiat, necessitating yet another transaction to convert back to fiat. Major concerns for market participants range from unmitigated slippage and counterparty risk to hacking prevention and liquidity. HIGH FEES. Execution costs are even more of a factor. Typical exchange commissions are in the 0.1% – 0.25% range per transaction (10 to 25 basis points), but the effective fees are much higher when taking into bid and ask spreads maintained by the exchanges. As most exchanges are unregulated, there is generally no central authority or regulator to examine internal exchange orders that separate proprietary activity from customer activity and ensure fair pricing. THIN LIQUIDITY. A large institutional order, representing a sizable percentage of daily volume can move the market for a product, and related products in an exchange by a factor of 5-10%. That means a single order to buy $1,000,000 worth of bitcoin can cost an extra $50,000-$100,000 per transaction given a lack of liquidity if not managed correctly and executed on only one exchange. By way of comparison, similar trades on FX exchanges barely move markets a fraction of a percent; those price changes cost traders money, and deter investment.
What are the XTRD solutions?
FIX API An API is an “Application Programming Interface”, a set of rules that computer programs use to communicate. FIX stands for “Financial Information eXchange”, the API standard used by most financial organizations as the intermediary protocol to communicate amongst disparate systems such as market data, execution, trade reporting, and order entry for the past 25 years.XTRD is fixing the problem of having 100 different APIs for 100 exchanges by creating a single FIX based API for market data and execution – the same FIX API that all current financial institutions utilize.XTRD will leverage our data center presences in DC3 Chicago and NY4 New Jersey to host FIX trading clients and reduce their trading latencies to single milliseconds, a time acceleration of 100x when it comes to execution vs internet. More infrastructure and private worldwide internet lines will be added in 2018 and beyond to enable secure, low latency execution for all XTRD clients, FIX and PRO. XTRD PRO XTRD PRO is a professional trading platform that will fix the basic problems with trading across crypto exchanges – the need to open multiple web pages, having to click around multiple windows, only being able to use basic order types, and not seeing all your positions, trades, and market data in one place.XTRD PRO will be standalone, downloadable, robust end-to-end encrypted software that will consolidate all market data from exchanges visually into one order book, provide a consolidated position and order view across all your exchange accounts, and enable client side orders not available on exchanges – keyboard macro shortcuts, VWAP/TWAP, shaving the bid and offer, hit through 1% of the inside, reserve orders that bid 100 but show 1, SMART order routing to best exchange and intelligent order splicing across exchanges based on execution costs net of fees, OCO and OTO, many others. XTRD SPA XTRD SPA is the solution to bridge cross-exchange liquidity issues. XTRD is creating Joint Venture partnerships with trusted cryptocurrency exchanges to provide clients on those exchanges execution across other exchanges where they do not have accounts by leveraging XTRD’s liquidity pools.An order placed by a client at CEX.IO, XTRD’s first JV partner, can be executed by XTRD at a different exchange where there may be a better price or higher liquidity for a digital asset. Subsequently, XTRD will deliver the position to CEX.IO and then CEX.IO will deliver the execution to the client, with XTRD acting as just another market participant at the CEX.IO exchange.XTRD does not take custody of funds, we are a technology partner with exchanges. All local exchange rules, procedures, and AML/KYC policies apply. XTRD DARK Institutions and large market participants who have large orders of 100 BTC or more generally must execute across multiple markets, increasing their counterparty risk, paying enormous commissions and spreads, and generally having to deal with the vagaries of the crypto space. Alternatives are OTC brokers that charge multiple percents or private peer-to-peer swaps which are difficult to effectuate unless one is deeply in the space.XTRD is launching XTRD DARK – a dark liquidity pool to trade crypto vs fiat that matches buyers and sellers of large orders, discreetly and anonymously, at a much lower cost. Liquidity is not displayed so large orders do not move thin markets as they would publicly. The liquidity will come from direct XTRD DARK participants as well as aggregation of retail order flow into block orders, XTRD’s own liquidity pools, connections with decentralized exchanges to effectuate liquidity swaps, and OTC broker order flow.XTRD is partnering with a fiat banking providebroker dealer to onboard all XTRD DARK participants for the fiat currency custody side with full KYC/AML procedures.
TOKEN USAGE. XTRD will generate the XTRD utility tokens via smart contact during the Token Generation Event (TGE) in Q1 of 2018. The XTRD utility token will be utilized on the XTRD network by market participants to pay for execution, VPS, market data, software licensing, and other fees. Market participants will be able to purchase XTRD tokens directly from XTRD’s liquidity pool. The TGE will be preceded by a private institutional sale and a SAFT (Simple Agreement for Future Token) Platform based presale. The XTRD token will be fully ERC20 compliant to ensure that it functions properly on the Ethereum blockchain, similarly to other ERC20 tokens.
XTRD TOKEN LIQUIDITY AGGREGATION. The XTRD token will be used to create liquidity in the overall cryptocurrency market. Along with the utility of the XTRD token to pay for fees on the XTRD platform of products, most of the XTRD token revenue will be used to increase the inventory of other cryptocurrencies that are in demand by our customers. This will create points of liquidity for our customers to access across the worldwide crypto exchange ecosystem. These liquidity points will be created using XTRD tokens that are paid back into the system for fees. 70% of funds raised in the token sale will be used for liquidity aggregation.
XTRD STAKING. Discounts of 25% on XTRD services (execution, colocation, market data, software licensing) will be available for token holders in general and discounts of 40% on XTRD services will be available for token holders who maintain an average monthly stake of at least 50,000 XTRD tokens. Fiat will be accepted at no discount to par. Execution fees will generally be set as a percentage of the gross trade amount, based on a combination of factors such as liquidity, the pair being traded, market conditions at the time of the trade, and so on. All charges will be marked to market and remain constant, no matter the value of the XTRD token (a $10 charge will be 2 XTRD if $5 each or 0.5 XTRD if $20 each).
TOKEN LEGAL CONSIDERATIONS. XTRD tokens are ERC20 compliant utility tokens functioning on the Ethereum blockchain. The value of XTRD is derived purely from serving as a medium of payment for services by market participants in the XTRD trading ecosystem. XTRD tokens confer no voting rights, profit participation, equity, ownership of intellectual property, revenue sharing, rights to dividends, transfer of ownership upon company sale, control of company assets, or any decision-making ability regarding XTRD or its’ operations. XTRD tokens are not designed for speculation. In summary, XTRD tokens are not securities. XTRD Digital Assets, Inc has obtained a qualified legal opinion concurring that XTRD tokens are not to be considered “securities” under applicable U.S. securities laws given their failure to meet all prongs of the Howey Test.
Who is XTRD intended for?
XTRD is mainly aimed at major institutions, hedge funds, algorithmic traders who are currently unable to enter the crypto markets. These firms include companies such as Divisa Capital run by XTRD Advisor Mushegh Tovmasyan.
More information will be added to this thread as the project develops. We are currently looking for key community members to assist in building out this thread. If you are interested please email [[email protected]](mailto:[email protected])
Trader’s Way is based in Dominica and offers Forex, Commodities and Indies on MT4,MT5 and cTrader. You have choice of 4 accounts with them with no minimum deposit requirement. They offer both fixed and variable spreads and the commission and leverage vary according to the account you choose. The lowest commission being zero and leverage being 10X is and the highest commission being $2.5 per 100k and leverage 1000:1, respectively. The broker stand out in the list of payment methods they offer clients for deposits. However, there are heavy fees on depositing and withdrawing with them. What stands out? Minimum deposit only $1 High Leverage Platform Choice – MT4, MT5, cTrader Multiple deposit and withdrawal methods Accepts US, Canadian and is NON ESMA Trust factor- 4/5 Cons- Poor client support High Deposit and withdrawal charges Scam alert- NIL PS- The review is based on facts collected from internet as well as other forums and after testing the broker's Demo by our moderators. Let us know what you think about the broker in the comments below and/or if you hold a different view that what has been said above.
1) Do you remember the B2BX Roadmap? Of course you do! Our company reputation, White Paper and Roadmap are the aspects most ICO participants pay attention to. The roadmap for the B2BX ICO included options for action depending on the amount of funds collected. 🔥 Now it's time to present the actual B2BX development plan! The B2BX Roadmap:https://medium.com/@b2brokeb2broker-past-present-future-f2876c406a7c We marked on the map the most important events for the company, not just plans for 2018-2019, but a short review of the past. The most important events of the future, of course, are obtaining licenses, developing our own technologies and opening offices in strategically important locations on the financial map of the world. All this brings us closer to the moment when B2BX becomes Prime Broker in the market of cryptocurrency liquidity! Full version on Medium. 2) Integration with ONEZERO We ordered the placement on servers of Equinix - LD4. This data center hosts the largest European banks and brokers. Given that B2BX will have a cross-connect with liquidity providers, the speed of obtaining prices from providers and the speed of execution of orders will be as high as possible! New working conditions with OneZero will reduce the cost of services for our customers and increase our attractiveness for new customers. Recall that in B2BX will be able to nominate margin accounts in any currency, including cryptocurrencies. 3) CRYPTOCURRENCY PAYMENT GATEWAY There is also the possibility of accepting a B2B coin with zero commission. We have started integration with 10 merchants and have begun to develop a site for B2B coin, which will accumulate information about all crypto-brokers, exchanges and other customers that will start to accept the B2B coin for payment. As we launch each merchant, we will send out a newsletter. We have also implemented the support of tokens based on Ethereum standard ERC20. Now every merchant can start receiving any token/coin issued on the Ethereum platform. Please note that if you have a website, an online store, a broker company, crypto-exchange or a marketplace, and you want to expand payment methods you should connect B2Broker crypto gateway. To do this, you just need to select the cryptocurrencies from the list that you want to accept (BTC, BCC, ETH, LTC, DASH, XMR, B2B, BTG (bitcoin gold) and hundreds of tokens released on the Ethereum platform), provide purse addresses and make an easy integration with your site. In just an hour your customers will be able to pay for goods or services using cryptocurrency with low commission rates every day, free installation, no monthly fee, no freeze period, no banks and no any third intermediaries. 4) INVESTMENT PLATFORM To date, this product is used by 11 brokers, two of which have become our customers this year. The investment platform allows brokers to popularize cryptocurrency trading products while customers have the opportunity to subscribe to the signals of professional traders and earn. Also for professional traders it is possible to create PAMM accounts or portfolios of cryptocurrencies. The IT department has redesigned the back-end platform to make the MT5 work more stable. 5) Work with clients The B2Broker account department adjusts business processes to improve operational efficiency. For example, improving the interaction with the development department will positively affect the speed of working with customers. Of course, the number of our employees is growing, but we understand that without optimizing business processes, we can not build an effective company! We are expanding the product line and preparing knowledge bases to quickly train employees. Our clients comprise 72 companies, 25 of which use B2Broker’s cryptocurrency solutions! The team is also developing new standards of service which will correspond to the status of Prime Broker. 6) PLATFORM FOR ICO To date, our platform for ICO has benefited 4 companies. Of course, all payments go through our crypto gateway leaving these companies to concentrate on their marketing. Such a collaboration has proved its effectiveness. Large ICOs prefer this model, choosing a solution that is ready, tested and constantly updated. A demo version is available by clicking on the link. Oh, and by the way! This week in Finance Magnates there was a press release about the opening of office in Malaysia. https://www.financemagnates.com/forex/technology/b2broker-extends-asian-expansion-malaysian-office/ 🔜 In mid-May, a summit on blockchain technology will take place in New York. https://www.coindesk.com/events/consensus-2018/sponsors/
Below you will find a list of Forex Brokers accepting US traders as clients. Due to the strict and complicated regulatory environment, it became quite a challenge for FX companies to operate in the US. To make it worse, thanks to the Dodd-Frank Act and the Memorandum of Understanding, many licensed Forex Brokers all over the world stopped accepting US clients. Still, there are some offshore ... Best Forex Brokers Accepting US Clients. By Press Release October 12, 2020, 12:12 pm • Posted in Brokers News. When trading currencies in international markets, it is crucial that you choose a ... FOREX.COM. Forex.com is one of the few forex brokers that accept clients from the US. The brand is owned and operated by an industry giant; GAIN Capital Holdings who has been around for more than 20 years. The important point is that Forex.com is headquartered and regulated by CFTC and NFA in the US which means that Forex.com is not an off-shore entity. This is a list of Forex brokers that work with the currency traders from the United States of America.These brokers are either registered with NFA (and regulated by CFTC) or are offshore companies that cater to the US traders despite the Dodd-Frank Wall Street Reform and Consumer Protection Act that prohibit doing so. According to the US spot Forex market regulations, only properly registered ... Including both Forex brokers in the USA and abroad. ... Below is a list of both onshore and offshore brokers that accept US clients. [+] Read More [-] Collapse. forex brokers for us traders. Compare Forex Brokers FX Broker Headquarters HQ Founded Regulation Min Account Min Contract Max Lev #Pairs ECN; LMFX. View Profile Visit Broker. Skopje, Macedonia: 2015: Not Regulated: 50: 0.01: 1000:1: 47 ... This is one of the main Forex brokers accepting US clients. They do a very good job of bringing a wide range of FX pairs, around 84 in total. They also have maybe the lowest spreads on the major FX pairs, which makes them very convenient and professional. And US regulation has no tentacles deep inside these country’s government to pressurize these best offshore Forex Brokers from accepting US Clients. So, Forex Brokers who are licensed by regulatory bodies of such governments or who are registered in countries where such licensing is not required, such Forex Brokers are still accepting US Clients. The following forex brokers accept US clients. Forex brokers offering services to clients resident in the USA must be regulated by the CFTC or by FINRA. Forex traders based in the United States can consider the forex brokerage companies shown in the following table. More Information: All about US forex brokers. Title Visit Broker Markets Info Video; OANDA Corporation: Forex Indices CFD ... Forex.com is one of the few forex brokers that accept clients from the US. The brand is owned and operated by an industry giant; GAIN Capital Holdings who has been around for more than 20 years. The important point is that Forex.com is headquartered and regulated by CFTC and NFA in the US which means that Forex.com is not an off-shore entity. I would recommend Forex.com for all my followers ... The Latest List Of Offshore Brokers Accepting US Residents. It’s time to free Americans from a severely restricted trading environment such as limited leverage, no hedging & FIFO rule set by the NFA & CFTC.. As of now, there are around 10 offshore Forex brokers that accept US citizens.
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