Best Options Broker 2020!
Great Choice For Beginners!
Free Trading Education!
Free Demo Account 1000$!
Get Your Sign-Up Bonus Now!
Only For Experienced Traders!
Option FM Review
Option FM is a relatively new broker in the binary options world, it was founded in 2020. Despite their short period in the market, they have collected employees from all over the financial world and have gathered a great deal of financial knowledge under their command. This is how they have succeeded to get the trusted broker stamp from their traders and get their name on the surface. In this review, I go through the following things:
- The most important features of the broker site.
- The kind of bonuses that are available for new traders.
- The kind of option types and payouts that are offered.
- Other important factors such as mobile trading and educational materials.
Open a free account by clicking the button below and you will get an unlimited 100% bonus, so if you deposit $1000, you will instantly get $2000 in your trading account. Be quick, because this offer might not last long!
How Binary Option Robot Can Change Your Life? Check This Out!
Option FM is a newcomer in the binary options world, but is it trustworthy broker site? Read this important scam report review before investing
How to Make Money with Binary Option Robot
Top Binary Option Robots in Russia
Claim your free binary option robot, get started with three easy steps:
- Name of Robot
- Min. Investment
- Min. Deposit
1. Your Binary Option Robot will analyse the market and decide, which asset (currencies, indices, commodities and stocks), is right to trade at that point in time.
2. The Binary Option Robot Will Predict the Price Movement
Your robot will assess a wide-range of factors, and then make a prediction on how the assets price will move, saying: Call (up) if it believes the price will rise and Put (down), if it believes the price will fall.
3. Decide on how much you want to Invest
Then you need to decide how much you want to invest in the commodity and when that investment will expire.
4. Collect your Earnings
Finally, you collect your earnings (the good part!)
Option FM in a Nutshell:
- Broker: Option FM
- Platform: SpotOption
- Founded: 2020
- Bonus: 100%
- Return / refund: Maximum 91%
- Number of assets: Around 200
- Regulated by: CySEC
- Demo account: Yes
- Mobile trading: Yes
- Minimum deposit: $250
- US traders: Not accepted
Trading platform view is clear and functional. Trades are efortless to execute.Best Binary Options Brokers 2020:
Best Options Broker 2020!
Great Choice For Beginners!
Free Trading Education!
Free Demo Account 1000$!
Get Your Sign-Up Bonus Now!
Only For Experienced Traders!
Special Features of Option FM
Option FM, as stated, is a licensed broker and is regulated by CySEC from Cyprus. Because of that license, their actions and site can be trusted 100%, whether it is observed from the money transfer perspective or from the view of customer service helpfulness and willingness to resolve any trader’s concerns.
On the other hand, as the site is under that license, Option FM cannot accept US traders. That is a common problem among European registered and licensed brokers because the EU legislation does not allow brokers to accept customers from the US. If you live in the United States, I recommend that you try one of these trustworthy US friendly broker sites:
- Bloombex: Register now and you get to trade risk free for a week.
- Porter Finance: Great US friendly broker site, register now and you get up to 10 risk free trades.
- CTOption: Great trustworthy broker site with a one of a kind iFollow feature.
- GOptions: One of the oldest broker sites, trusted by hundreds of thousands of customers from all over the world.
Bonuses and Account types
Option FM bonuses are simple; all account types are supported by an 100% initial deposit signup bonus. That means that by depositing $1000 your account will instantly have $2000 worth of assets to trade. This is a very generous offer for new traders. Actually, it is one of the best in the industry, as even the smallest minimum deposit starts with a full 100% bonus. Many other brokers offer less bonus money for smaller deposits and only the upper account types are supported with 70-100% bonuses.
The actual account types are named Trial, Boutique, Executive and Imperial and the higher you go, the more additional features those accounts will provide you as a trader. Each of the following accounts includes all the features of the previous one. Let’s look at those more thoroughly.
Trial Account: Deposit €250+
- 90 assets available to trade
- Four trading platforms
- Daily market analysis
- No service fees on commissions
Boutique Account: Deposit €1,000+
- All the above features
- 100% deposit bonus
- Trading webinars
- Customer support
- 1-on-1 training sessions
- Trading ebook
- Risk management training
- Weekly analyst performance review
Executive Account: Deposit €10,000+
- All the above features
- Daily trading signals via email, chat and mobile
- Direct access to a broker
- Priority access to online webinars
- Free subscription to financial magazine
Imperial Account: Deposit €50,000+
- All the above features
- Direct line to VIP brokers and analysts
- Investment insurance
- VIP educational program
- Concierge and travel service
Account types and suitability for different types of traders.
The minimum deposit is €250 and the minimum trade is as low as €1 which is exceptionally low compared to many other brokers, typically minimum trading amounts are between €5 and €20.
The Trial account will serve beginners for their basic trading needs but if you take trading seriously and the purpose is to make money with binary options trading we would absolutely recommend you upgrade to the Boutique account right away. It has vastly greater features, for example: webinars, customer support, 1-on-1 trading sessions etc. Also, the ebook is very handy to read and will help you pick up the most important pieces of advice.
The weekly review from the analyst and risk management training courses are very useful also. All this is vital knowledge if you wish to turn trading from guessing, to truly considered actions with money and profits in mind.
The Executive account continues with even more features than the Boutique account but it requires a significantly larger deposit to achieve. But those who can make a deposit of €10,000 or more will get direct access to broker and daily market signals. These are surely helpful features but are they enough to make a €10,000 deposit, we will leave that decision to you.
Option FM will provide a demo account for practice purposes but due to their extraordinary low minimum trade amount of €1, the demo account feature is practically unnecessary. By risking €1 at a time, for a single trade, it would not cause much harm if you lose at the beginning. As the trading platform becomes familiar, trades are super easy to execute. If the demo account still feels tempting, fortunately there is one to practice with. Our recommendation is that after reading some material and getting some basic knowledge, you can start trading directly with real assets.
Trading with Option FM, Profits and Payouts
Option FM offers one of the highest payouts in the binary options industry, especially with the regular options. The payouts are as high as 91% for invested money in winning trades. For one touch and ladder options there are even higher payouts available, up to multiple times the original traded amount. Long term and 60 second option types are also available.
Option FM does not seem to have an early close in its repertoire which is a slight downside from a risk management perspective.
The selection of assets to trade in is wide and typical. With the SpotOption platform, it is offering approximately 200 different assets for trades. These include stocks, indices, commodities and currencies. Stocks and indices are gathered from the largest stock markets around the world and the currency list has pairs of the most liquid currencies. A comprehensive list of assets is shown on the site. The commodities list is wider than typical, including coffee, corn, gold, silver, platinum, sugar, wheat and oil. Most competitors only have few of these available.
The expiry times are similar to other brokers with the SpotOption platform. The times start from seconds and go all the way up to more than 12 months. The variety of expiry times will leave enough room for traders to make investments for any desired time period. These will also help to divide the risk of your portfolio with shorter and longer term trades.
Support and Services
It is odd that the Boutique account is the first one that has 1-on-1 support features. The live chat is available for everyone. Also, the email and phone support are provided with multiple languages to everyone. There is somewhat mixed information on the site, but in our test, we were able to get answers to our questions easily, even with the Trial account, so you should not worry about that too much. If you need personal 1-on-1 interactions with a support manager, you will need to get at least a Boutique account.
Educational material and news
Option FM does not have a separate education center or academy for its traders. What it does have is the market news section which is stuffed with global news about companies, their announcements and rumors. This market news section gives a lot of information related to stocks and indices and helps with decision making.
Even if Option FM does not have an academy and material they have a more personal touch with their traders, they offer a lot of webinars, signals, analyst comments and information.
They give their best expertise to traders to help them have an enhanced trading experience overall. They will assist traders with their combined years of experience from the finance world. This personal and tailored guidance is a much better option than an educational section with video previews. Direct contact with account managers is always more personal. Account managers are hired by Option FM from other binary option brokerages, investment analysis platforms and hedge funds.
If you think that trading should be effortless and you don’t like to study strategies and follow the markets every hour, then automated trading might be a closer match to your preferences. In that case, we recommend binary option robot which trades for you once you have set it up. The Real Robot trades for you even when you are not around. Open a free account now and see how amazing this free software is!
Also check out these other articles about free binary options auto traders and robots:
- Binary Option Robot Review(Best free trading robot)
- PayDay FM(Excellent signal provider software)
- Option Bot 2.0(One of the most famous binary option robots)
- Copyop (Social trading, earn money by copying others)
- Binary Stealth(New accurate signal provider)
Option FM does have a full version mobile platform compatible with Android and Apple products. It sets traders free from laptops and gives easy access from anywhere that you might have a phone or tablet with you. The mobile version is available at Google Play and App store. All you need to do is create an account with these links and then download the app to start trading. Trading with those applications could not be easier.
The banking options are numerous with Option FM.
Banking is one thing that needs to be secured and fully trusted by traders and the broker. Option FM does that right and offers numerous depositing options covering online wallets, bank wire and credit cards. The minimum deposit is $250 or €250 and the minimum withdrawal is €80. Withdrawal requests are processed within 24 hours and that’s quite fast, compared to rivals. Available methods include the following: Visa, Mastercard, Amex, bank wire transfer, Skrill (formerly Moneybookers), PayPal, CashU, Maestro, Visa Electron, Ukash, WebMoney, Inpay and Neteller.
Being a licensed broker helps to gain trust right from the beginning. Option FM has done many things properly. From my perspective, Option FM is a great broker site genuinely helping its traders with a personal touch. The Payout percentages are some of the best in the industry. I would definitely recommend this broker site to every trader who wishes to earn money with binary options.
As an overall rating, we will give Option FM 3,5 stars out of 5 as a binary options broker site.
Open a free account now, get an unlimited 100% deposit bonus and start making money with binary options by clicking the button below.
Check Also This One: Get the automated binary trading software for free by clicking on the button below!
Admiral Markets Group consists of the following firms:
Admiral Markets Cyprus Ltd
Admiral Markets Pty Ltd
Admiral Markets UK Ltd
Reading time: 20 minutes
Wouldn’t it be great to have a robot trade on your behalf and earn guaranteed profits? It’s a dream of many to find the perfect computerised trading system for automated trading that guarantees profits, and requires little input from the trader themselves. Whilst there are many automated trading systems available, there are a few burning questions which need to be answered.
Exactly what is an automated trading system? What is automated trading in Forex? Is it possible to find a profitable system? What are the advantages and disadvantages of automated trading? Are auto systems safe? This article will answer these questions and much more!
What is an Automated Trading System?
An automated trading system is a program that allows traders to set rules for entering and exiting trades. Forex traders and investors can turn exact entry, exit, and money management rules into automated Forex trading systems that enable computers to perform and monitor trades. Once those rules are programmed, their computer can automatically carry out trades according to those rules.
Trade entry and exit rules can be based on simple conditions, like a Moving Average (MA) crossover, or they can be based on sophisticated strategies that demand a comprehensive understanding of the programming language that is specific to the user’s trading platform.
Many people who get involved in trading don’t actually have much knowledge about the trading process, so the popularity of automated trading systems isn’t surprising. They are also extremely accessible, as all that’s needed is a computer with an internet connection – you don’t even need a big investment to get started.
What are EAs and Forex robots?
Automated Forex trading systems are usually grouped into two categories – Expert Advisors, or EAs, and Forex robots.
EAs are created by highly skilled and experienced professionals who write algorithms to analyse market trends and to perform the trading process. They are chosen based on their level of knowledge and accomplishments, to avoid panic or anxiety on the part of client traders.
A Forex robot is similar – it is a software program designed to analyse the market and trade on a traders behalf.
The difference between the two is that EAs don’t actively make trades, while Forex robots do. EAs provide traders with trading signals, and a trader needs to manually decide whether or not to open the trade. Forex robots, on the other hand, can take care of the entire trading process automatically.
How Does Automated Trading Work in Forex?
Whether you are a beginner or an experienced trader, you can use automated currency trading systems to make real trading decisions on your behalf.
The best automated Forex trading systems are computer programs that have been designed to analyse market activity and currency price charts. The software helps by identifying key trading signals, including all sorts of spread discrepancies, price instability patterns, news that might affect transactions, and fluctuations in currencies, all while performing your trading activities, and to keep any losses to an absolute minimum.
The system will also locate the profitable currency pairs, and doing all of this before placing trades on them. If the software program can be set with user defined criteria (which satisfies all predetermined parameters) it can help in broadcasting a sell or buy alert, and can automatically perform the trading. This can also help in making transactions profitable.
Some automated trading platforms have strategy building ‘wizards’ that permit traders to make choices from a list of commonly accessible technical indicators, to build a set of rules that might then be automatically traded. For example, the trader could establish that a long trade will be entered as soon as the 50-day MA crosses above the 200-day MA, on a 5-minute chart of a specific trading instrument.
Users can also input the type of order (e.g market or limit) and precisely when the trade will be triggered (e.g at the open of the next bar or at the close of the bar), or they can exploit the platform’s default inputs. However, a lot of traders decide to program their own trading strategies and custom indicators, or they work closely with a programmer to design their automated trading system. Whilst this often requires more effort compared with using the platform’s wizard, it permits a much greater degree of flexibility, and the results can be considerably more rewarding.
If you are planning to program your own trading strategy, however, keep in mind that most automated trading systems require the application of software that is linked to a direct access broker, and any particular rules need to be written in that platform’s proprietary language. For instance, the most popular trading platforms: MetaTrader 4 and MetaTrader 5 use the MQL programming language, whilest the NinjaTrader platform uses the NinjaScript programming language.
As soon as the rules have been set, the computer can then monitor the markets in order to locate buy or sell opportunities based on the trading strategy, and it can then carry out auto trading. Once a trade is entered – depending on the specified rules – orders for protective stop losses, trailing stops, and also profit targets will be entered. Moreover, in fast-moving markets this immediate order entry can mean the distinction between a small loss, and a disastrous loss, in the event that a trade moves against the trader.
Can Forex robots and EAs lose?
While automated Forex systems can be a valuable tool, what must be remembered is that the majority of robots trade within a certain range. They make a particular amount of pips inside the tight range, during the slowest time on the Forex market, and they regularly set a few pip targets, and may not even use a stop-loss. They can be classed as successful, as they do tend to make profits in each trade, even if it is only a few.
When an unanticipated and strong range breakout occurs, it wipes out the small profits that they have made. Some robots which are promoted as the best Forex trading robots, can gain a profit in a positive trend, although they may lose money in a choppy FX market, so the discovery of a great trend to follow is an essential task.
However, where there is a risk of failure, a warning message is displayed, seeking approval before any transaction is made. The major advantage of a Forex auto trading system is that it is unemotional and consistent in its decisions.
Risk-Free Trading with Admiral Markets
Professional traders that choose Admiral Markets will be pleased to know that they can trade completely risk-free with a FREE demo trading account. Instead of heading straight to the live markets and putting your capital at risk, you can avoid the risk altogether and simply practice until you are ready to transition to live trading. Take control of your trading experience, click the banner below to open your FREE demo account today!
The Pros of Automated Trading and Automated Systems
Forex trading is considered as one of the premiere markets to trade, and an automated Forex trading system can help by instantly executing all Forex transactions. With the help of this software, the trader will only have to switch on the computer and let the software take care of placing trades.
So what are the benefits of these systems? Keep reading to find out.
1. Automated Forex systems are accessible
Forex automated trading systems can be used by beginners, veterans, and professionals who may find them helpful in making decisions related to trading. The software is available in different price ranges, and offers varying levels of sophistication. They also come with free demonstration models, so that users can familiarise themselves with the program before using it on their live trading account.
2. Automated systems eliminate the emotions of trading
One of the biggest attractions of strategy automation is that it can eliminate any negative or destructive emotions involved with trading, since trades are automatically placed as soon as certain criteria are met. In other words, your chosen trading software or Forex robot executes all trading processes, and opens and closes trades, while you sit back and relax.
By keeping emotions at bay, traders generally have an easier time sticking to their primary plan. As trade orders are automatically executed as soon as the trade rules have been met, traders will not have the chance to hesitate or question the trade. Additionally, automated trading can prevent overtrading (i.e. purchasing and selling at every perceived opportunity).
3. Automated systems allow you to backtest
The next advantage is the ability to backtest. Backtesting applies trading rules to historical market data in order to define the viability of the idea. When developing a system for automated trading, all rules have to be absolute, with no space for interpretation (i.e. a computer must do precisely what needs to be done without guessing).
In addition, traders can use these rules and test them on historical data prior to risking money in live trading sessions. Careful backtesting permits traders to evaluate and fine-tune a trading idea, as well as to identify the system’s expectancy – the average amount that an trader can anticipate to win (or even lose) per unit of risk.
4. Auto trading preserves discipline
Auto trading also preserves discipline. As trade rules are set and trade execution is carried out automatically, discipline is preserved even in volatile markets. Discipline is frequently lost due to emotional factors such as the fear of taking a loss, or the desire to gain a little more profit from a trade. Automated trading helps to make sure that discipline is retained, because the trading plan will be followed precisely. Additionally, pilot-error is diminished, for example, an order to purchase 100 lots will not be incorrectly entered as an order to sell 1,000 lots accordingly.
5. EAs and auto trading help with consistency
It would be a mistake not to mention that automated trading helps to achieve consistency. One of the biggest challenges in trading is to planning the next move. Even if a trading plan has the potential to be profitable enough, traders who ignore the rules alter any expectancy that the system would have actually had.
You should understand that there is no such thing as a trading plan that wins 100% of the time – losses are always a part of the game. However, losses can be psychologically harmful, so a trader who has two or three losing trades in a row may decide to skip the next trade. The next trade could have been a winner, so the trader has already ruined any expectancy the system had. Thus, automated systems enable traders to achieve consistency.
6. Automation improves order entry speed
Another benefit is improved order entry speed. As computers respond instantaneously to changing market conditions, automated systems are capable of generating orders once trade criteria are met. As a consequence, getting in or out of a trade a few seconds earlier can make a big difference in the trade’s outcome. Once a position is entered, all other orders are automatically created, including protective stop-losses and also profit targets.
You know that markets can move quickly, and it is demoralising to have a trade reach the profit target or to blow past a stop-loss level prior to the orders being entered.
7. Automated systems help diversify trading
Finally, the last advantage is that you can diversify trading. An automated trading platform allows the user to trade with multiple accounts, or different strategies simultaneously. In turn, this has the potential to spread risk over various instruments, while generating a hedge against losing positions. The software is able to scan for trading opportunities across a range of markets, to create orders, and is also able to monitor trades.
The Cons of Automated Trading and Automated Systems
Despite the advantages, you should know that automated trading is not deprived of certain disadvantages. The theory behind auto trading makes it seem rather simple: setup the software, program the rules, and watch it trade. However, the reality does not always reflect the anticipation. Automated trading is not infallible.
1. Automated systems rely on technology
Depending on the trading platform, a trade order could actually reside on a computer, and not a server. This implies that if your internet connection is lost, an order might not be sent to the market. There could also be a discrepancy between the so called hypothetical trades generated by the strategy, and the order entry platform component that turns them into real trades. The majority of traders should expect a learning curve while using automated trading systems, and it is a good idea to start with small trade sizes while the process is being refined.
2. Automated systems need to be monitored
The second con is monitoring. Though it would be magnificent to turn the computer on and leave for the day, automated trading systems require monitoring. This is due to the potential for mechanical failures, such as connectivity issues, computer crashes or power losses, and system quirks. It is possible for an auto trade system to experience anomalies that could result in missing orders, errant orders, or even duplicate orders. If the system is monitored, those events can be determined and resolved swiftly.
3. Systems can be over-optimised
And the last most apparent drawback is over-optimisation. Although not specific to auto trading systems, traders who employ backtesting techniques can produce systems that look great on paper, and perform terribly in a live market. Thereby, over-optimisation refers to excessive curve-fitting, which generates a trading plan that is unreliable in live trading.
For instance, it is possible to tweak a strategy to reach exceptional results based on the historical data on which it was tested. Trades occasionally incorrectly presume that a trading plan should have close to 100% profitable trades, or should never experience a drawdown in order to be a ‘feasible plan’. As such, established parameters can be adjusted to create a ‘near ideal’ plan, however, these will usually fail once applied to a live market.
Top 5 Questions About Automated Trading Systems
1. Is a Forex Automated Trading System Profitable?
Forex auto trading systems do not guarantee 100% profits, but they do make sure that you will benefit the most from market movements, whatever they may be. Auto Forex trading systems work in a very articulate and coherent way. Expert advisors are basically programs that comprise of the certain modules that investigate charts and figures, which move between a trader and a Forex broker.
These specially designed programs are extremely easy to handle and work with, so you don’t need any prior training in order to handle them. You just need to download the program, install it, and then adjust the settings on your computer. The automated currency trading system will then start working, and will start generating immediate results.
2. Are Forex Robots Effective?
Though FX robots promise to make beneficial trades, not all of them are what traders expect them to be.
Although they can scan millions of different charts within seconds, most often 90% will turn out incorrect information. This is understandable – because FX robots are just robots. Even though they are capable of performing highly sophisticated tasks, and many at once, every Forex robot or Forex robot free is still deprived of creative thinking. They cannot imagine what may take place in the near future, as their functionality is restricted to how they were initially programmed, as well as past performance.
For traders who use robots, they should not fully depend on it to conduct all of their trading activity. Ultimately, trading demands a considerable amount of human research and observation. Additionally, humans, and not trading software, can actually follow up with diverse economic conditions, and keep up with the news in the financial world. Forex robots, which are thought to be Forex robots that work, can solely find positive trends as well as trading signals, but occasionally their functionality is unfavourably affected by either jittery trends or false information.
Successful FX trading is based on knowledge, proficiency and skill. It involves analytical thinking, and something visual. When looking at what are Forex robots, it is clear that they cannot properly work in this manner. Market conditions tend to change all the time, and only an experienced Forex trader can distinguish between when to enter the market, or when to stay away.
3. What is the Best Automated Forex System?
Many automated Forex systems are offered for free, with extremely tempting service guarantees. However, these programs aren’t faultless. The disadvantage is that many of these systems are associated with scams. Nonetheless, the best automated Forex trading system can be safely attained if the privacy parameters programmed into the system are correctly set and checked.
It is hard to say what the best EA is, as in most cases, profitable EAs are difficult to access. There are many robots that used to be profitable. However, they are no longer relevant to current market conditions. For the most part, the best automated system to use is the one that you use for manual trading. Have it coded in MQL, this way you can substitute your own efforts with the script.
4. How Can You Get an Efficient EA?
As mentioned earlier, the best EA is the system that would do exactly what you would do, but automatically. This way you can save yourself a lot of time, and you would simply focus on the development of your trading strategy, without actually having to execute it. This is certainly a great time saver for most Forex traders.
If you are trading on a MT4 trading platform, you would need to compose your own trading robot using MQL programming language. It may be the case that you are a good trader, but have little or no programming knowledge. This isn’t a problem – there are plenty of superb, reputable MQL programmers available who will code your trading strategy and create an EA for you at a reasonable cost.
5. Are Automated Trading Systems a Scam?
The idea of having a program trade the market for you can sound too good to be true, which can lead many to wonder if it’s all a scam. In fact, some federal governments consider automated trading systems to be scams. In a similar way, you are not likely to find any article in Forbes, the Wall Street Journal, or any other respectable news source that promotes them.
What’s more, even online robot merchants try to move their robots in rank by claiming that their opponents’ ones are scams. A lot are advertised with false claims by people who have made serious money applying these systems. The truth however, is that a great number of investors and traders have lost a lot of money using so called ‘free’ Forex robots that work. There have even been circumstances in which whole accounts have been wiped out.
The biggest disadvantage of automated trading systems in the Forex market is that there are a lot of scams. The more you search for a perfect system, the higher the chance of seeing pages that promote EAs with 100% daily returns is. These pages display MetaTrader history showing how profitable the advisor is – and they usually come at a price. You can buy some software for as little as 25 USD, while some software can cost as much as 1,000 USD. Some websites will guarantee high profits, and may even offer money back guarantees. However, the vast majority of these types of EAs are unfortunately scams.
Think for yourself for a moment. Would you sell a highly profitable trading system if you could make profit with it on a managed account? Probably not. Would an efficient automated system be priced as low as 25 USD? Again, this is extremely unlikely.
Auto trading developers can potentially become millionaires. Smart designers are aware that people yearn to make a lot of money, and try to ensure that robot Forex trading appears to be one of the finest ways that they can achieve this. Nonetheless, they exploit this as a possibility to design a robot, or any other software (or even a DVD, webinar, seminar, e-book etc) to sell and prosper.
If the robots they sell could actually make a huge amount of money through trading the currencies, then what is the point in selling them to others and not utilising them on their own Forex accounts? The answer is logical – robots can barely make money for a Forex trader. Can a $99 FX robot or a free Forex robot really make hundreds or thousands of dollars every month? If it could, you have to ask yourself – would it really be sold for such a relatively low price?
It is important to be able to identify EA scams and not fall for them. Generally speaking, it is sensible to avoid anything that you have to pay for. You will not only lose the money on the software purchase, but if you are using the advisor on a live account, you could also lose your trading balance,
After reading this article, we hope you can now answer the following questions – what is automated trading? And what is automated Forex trading? Though automated trading may seem appealing for a variety of reasons, such systems should not be considered as a substitute for carefully executed trading.
Mechanical failures can and do occur – and systems require continual monitoring. Server-based platforms might provide a solution for traders who want to diminish the risks of mechanical failures. It is recommended by many professional traders to use a hybrid approach, consisting of manual and auto trading to achieve the best results.
If you would like to learn more about automated trading, why not read the following articles concerning automated trading in Forex?
Upgrade To MetaTrader 5 Supreme Edition
Admiral Markets offers professional traders the ability to trade with a custom, upgraded version of MetaTrader 5, allowing you to experience trading at a significantly higher, more rewarding level. Experience benefits such as the addition of the Market Heat Map, so you can compare various currency pairs to see which ones might be lucrative investments, access real-time trading data, and so much more. Click the banner below to start your FREE download of MT5 Supreme Edition!
About Admiral Markets
Admiral Markets is a multi-award winning, globally regulated Forex and CFD broker, offering trading on over 8,000 financial instruments via the world’s most popular trading platforms: MetaTrader 4 and MetaTrader 5. Start trading today!
This material does not contain and should not be construed as containing investment advice, investment recommendations, an offer of or solicitation for any transactions in financial instruments. Please note that such trading analysis is not a reliable indicator for any current or future performance, as circumstances may change over time. Before making any investment decisions, you should seek advice from independent financial advisors to ensure you understand the risks.
CFD Financial Markets review – Is cfd.fm scam or good forex broker?
RECOMMENDED FOREX BROKERS
CFD Financial Markets is a Cyprus based, CySEC regulated forex and CFD broker, offering a wide range of currency pairs with a choice of three account types and the MetaTrader4 platform. Here you may find more details about their trading conditions.
CFD Financial Markets Advantages:
CFD Financial Markets is one of the trade marks of FXGlobe Limited, a Cyprus incorporated company, licensed and authorized by the Cyprus Securities and Exchange Commission (CySEC) – one of the most respected financial regulators in Europe.
We should note that the CySEC license makes your investment with CFD Financial Markets totally safe. Among other requirements, CySEC brokers have to maintain a minimum operational capital of at least 730 000 EUR, to keep all deposited funds in a segregated, protected form creditors, trust account, to provide their clients with a negative balance protection, to file regular reports, to allow external audits and even to participate in a client compensation scheme, that guarantees up to 20 000 EURO of your investment.
Besides, a similar insurance mechanism is in place with other respected regulators, such as the Financial Conduct Authority (FCA) in the UK, as well. Thus, with an FCA broker you can be compensated with up to 50 000 GBP in the unlikely case your broker files for bankruptcy. Also, here you may check our list of CySEC regulated brokers:
Running a demo session, the benchmark EURUSD spread tasted with a Standard Account floated about 1.8 pips, which is a bit higher than what traders would usually expect. Have in mind that with a standard account spreads are considered attractive only when starting below 1.5 pips.
Still, we should note that with its premium accounts CFD Financial Markets offers better spreads – from1.4 pips with the Pro Account and from 0.6 pips with the ECN Razor Account.
For those accounts, however, the minimum deposit requirements are also higher – 1000 USD for the Pro Account and 2000 USD for the ECN Razor Account. And besides, here you may also check our list of brokers, offering tighter spreads:
CFD Financial Markets is legit broker, licensed and authorized by CySEC, which can guarantee the safety of the invested capital. On the positive side we should note the good variety of trading instruments and the presence of theMetaTrader4 platform, while on the negative, the relatively higher spreads.
FXTM a regulated forex broker (regulated by CySEC, FCA and FSC), offering ECN trading on MT4 an MT5 platforms. Traders can start trading with as little as $10 and take advantage of tight fixed and variable spreads, flexible leverage and swap-free accounts.
XM is broker with great bonuses and promotions. Currently we are loving its $30 no deposit bonus and deposit bonus up to $5000. Add to this the fact that it’s EU-regulated and there’s nothing more you can ask for.
FXCM is one of the biggest forex brokers in the world, licensed and regulated on four continents. FXCM wins our admirations with its over 200,000 active live accounts and daily trading volumes of over $10 billion.
FxPro is a broker we are particularly keen on: it’s regulated in the UK, offers Metatrader 4 (MT4) and cTrader – where the spreads start at 0 pips, Level II Pricing and Full Market Depth. And the best part? With FxPro you get negative balance protection.
FBS is a broker with cool marketing and promotions. It runs an loyalty program, offers a $100 no-deposit bonus for all new clients outside EU willing to try out its services, and an FBS MasterCard is also available for faster deposits and withdrawals.
FxChoice is a IFSC regulated forex broker, serving clients from all over the world. It offers premium trading conditions, including high leverage, low spreads and no hedging, scalping and FIFO restrictions.
HotForex is a EU Regulated broker, offering wide variety of trading accounts, including Auto, Social and Zero spread accounts. The minimum intial deposit for a Micro account is only $50 and is combined with 1000:1 leverage – one of the highest in the industry.
Broker Country Regulation Platform Min Deposit Review Cyprus, UK, Mauritius CySec, FCA, FSC MT4, MT5, Web $10 Review Website Cyprus, SVG CySEC MT5, Web,
$100 Review Website Australia, Cyprus ASIC, CySEC MT4, MT5, Iress $100 Review Website Cyprus, Australia CySec, ASIC MT4, MT5 $5 Review Website UK, Australia, South Africa FCA, ASIC, FSCA MT4, Trading
$50 Review Website UK, Australia, Singapore FCA, ASIC, MAS, BaFin MT4, Web,
$0 Review Website UK, Cyprus, UAE, South Africa FCA, CySEC, DFSA, FSB MT4, MT5, FxPro
$100 Review Website Cyprus CySEC MT4, MT5, Web $1 Review Website Belize IFSC MT4, MT5 $100 Review Website Cyprus, UK, South Africa, UAE CySec, FCA, FSCA, DFSA MT4, MT5, Web $5 Review Website UK FCA MT5 $5 Review Website UK FCA MT4, Web, MT4
$100 Review Website Hong Kong SFC MarketSpeed FX,
Traders` reviews for CFD Financial MarketsBest Binary Options Brokers 2020:
Great Choice For Beginners!
Free Trading Education!
Free Demo Account 1000$!
Get Your Sign-Up Bonus Now!
Only For Experienced Traders!