Xinvest Review Is Xinvest.pro A Legit Forex Broker Or Scam

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FXTM Review

Leverage: 1:30 | 1:200

Regulation: CySEC,FCA, FSCA

Min. Deposit: US$200

HQ: Cyprus

Platforms: MT4, MT5

Found in: 2020

FXTM Licenses

  • ForexTime Limited – authorized by CySEC (Cyprus) registration no. 185/12
  • ForexTime Limited – authorized FSCA (South Africa) registration no. 46614
  • ForexTime UK Limited – authorized by FCA (UK) registration no. 600475
  • Exinity Limited – authorized by FSC (Mauritius) registration no. C113012295
  • Our Review
  • FXTM User Reviews
  • FXTM News

What is FXTM?

The FXTM or Forex Time company launched in 2020 with its headquarters in Cyprus (Limassol) also authorized by Financial Conduct Authority and other regulators, been named as one of the world’s fastest growing and best forex brokers. As in a relatively short time the firm showed great and rapid growth within Europe and beyond through its focus on Africa and Asia regions.

The broker establishes its core on reliable trading conditions and detailed education and brings trading across the world with its accessible trading around the globe, regardless of the trader’s knowledge. However, the chain of FXTM offices also established around Europe, located in the UK and maintaining entity in South Africa.

Pros Cons
• Founded in Cyprus and known worldwide as one of the best Forex Brokers

• Regulated by the Cyprus and several Forex authorities

• Numerous industry awards

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• Low Deposit Requirement

• Tight Spreads

• Withdrawal fee

• High Stocks trading Spread

10 Points Summary

1. FXTM is an international brokerage firm established with headquarter in Cyprus and numerous entities around the world. And high focus on Africa, South Africa and Asia regions

2. Trustable company due to its regulations set by world leading regulators FCA, FSCA etc

3. MT4 and MT5 Platforms offered as a trading software available in desktop, Web and mobile versions

4. The broker offers a wide range of Forex and CFD product including Cryptocurrency

5. Some of the best organization in terms of Forex Education with Webinars, Seminars and Advanced Learning Centers available to all

6. Demo Account available with no restriction, also further FXTM offers a great range of account types suitable for various types of investors

7. Trading costs for CFD Stocks are low, yet Forex fees for Standard proposal are average

8. Various base currencies offered and supported at account preference

9. Min deposit starts from 10$ for cent account with no fees. Withdrawals are also free, however, some methods may charge fees

10. Great range of payment methods accepted for money transfers including Bitcoin, e-wallets and Credit Cards

Awards

From the fast client approval to the general trading process, comprehensive learnings and available features, FXTM proves its high ranking among the traders’ community with more than 90% of positive feedbacks.

The numbers are actually confirmed by the large community of traders with about 750,000+ active accounts that growing, numerous attractive opportunities and gained vast awards for excellence in trading.

FXTM also proudly takes an active social role while supporting and sponsoring various world Sports alike Sahara Force India Formula 1 team and regularly reveals in the media.

Is FXTM safe or a scam?

ForexTime Ltd, ForexTime UK Ltd and Exinity Limited are three entities under the FXTM brand that provides trading services to more than 10,000 clients from over 135 countries around the world. And important to note comply with the necessary regulatory guidelines in every region FXTM operates, which gains a high score from us in terms of its trust.

This question is indeed the most crucial one, as investor accounts lose money and if you trade with the unregulated entity the High risk to lose funds is dramatically high.

Pros Cons
• Regulated by several authorities Cyprus CySEC, Financial Conduct Authority FCA and South Africa

• Negative balance protection

• Not listed on Stock Exchange

Is FXTM a legit company?

Yes, FXTM is a legit broker, as each of the entities and brands that it serves is authorized and regulated by various global jurisdictions.

The main entity ForexTime Ltd is regulated by CySEC of Cyprus, authorized by FSCA of South Africa, and additional offshore authority FSC in Mauritius. Also, the FXTM UK brand is licensed by the Financial Conduct Authority known sharp regulator, which has principals built by European MiFID and ICF allowing cross broker activity.

FXTM legal entity Investor Protection FXTM License Number
ForexTime UK Limited Regulated by FCA (UK) registration no. 600475
ForexTime Limited Authorized FSCA (South Africa) registration no. 46614
Authorized by Authorized by Cyprus Securities and Exchange Commission registration no. 185/12
Exinity Limited Authorized by FSC (Mauritius) registration no. C113012295

How are you protected?

Since FXTM license means its compliance with all the strict regulatory requirements, trader’s investment considered to be safe, as the broker completely segregates funds from the operational funds of the FXTM while kept in leading and reputable EU banks.

In addition, FXTM is a member of the Investor Compensation Fund that compensates in case of the company insolvency, as well as protected by the negative balance protection and other requirements that are audited on a regular basis by the authority.

Leverage

When you trading with FXTM you are able to operate with fixed or floating leverage. The leverage indeed a very useful tool, especially for the traders of smaller size, as it may increase your potential gains timely due to its possibility to multiple initial account balance in a particular number of times.

What is the risk level?

Yet, remember that correct leverage should be set to various instruments, as it may increase your risk level and potential loses as well. Therefore, FXTM leverage is determined by various measures and firstly set according to the regulatory requirement in the region or another. And then is also based on the trader experience and knowledge, so always check with customer support team first which one is applicable for you.

So if you would like to operate under higher leverage ratios like 1:400, 1:500 or even 1:1000 you may open an FXTM account under a particular entity that allows such high leverage levels, which is offered by the global brand.

Otherwise, if you are a resident of Europe or UK, as well holding an account under European entity which obliges to ESMA regulation, the maximum current leverage ratio is set to a

  • 1:30 on Forex instruments
  • 1:20 Spot Metals, 1:10 XAG USD
  • 1:20 Minor Currency Pairs
  • 1:5 Shares

Accounts

Despite the majority, the FXTM trading accounts are truly ensuring each client convenience by separate accounts for Forex trading and Invest Accounts. Then there is a further split to your preference of the trading transactions, instrument and the trading size, which all in all offers you 6 Account types.

Making the story short, it means that if you prefer to use ECN execution you have a choice between various FXTM ECN accounts, or an option to be based on Standard Accounts with no commission and all costs built into the spread.

However, always make sure to verify under which entity you will trade as FXTM offering may be slightly different for Forextime Limited, ForexTime UK or Exinity Limited. In this FXTM review we will cover Forextime offering in detail so you would understand conditions better.

Pros Cons
• Fast Account Opening, fully Digital

• 6 Account types with ECN and Standard execution

• Great options for a particular trading style

• Low Minimum deposit

• Free deposit

None

What are the account types?

So now let’s get a closer look at FXTM Standard Accounts which are divided into three options – Standard, Cent Account and Shares Account.

FXTM Standard Account – is a most balanced feature for all with floating spread from 1.3 pips, while FXTM Cent Account is a good choice for beginners with a small deposit to start – 5$, spreads from 1.5 pips and instant execution model or Cent lots.

FXTM Shares Account is specifically designed for traders who prefer trading on stocks over 120 US shared, allowed hedging and as spreads as low as 0.1 pips.

ECN Accounts

The second group of accounts are known as FXTM ECN Accounts that are also split into three features integrated to specific needs.

FXTM ECN Zero Account– is a non-commissionable account with a quite low deposit of 200$ for a start, spreads starting from 1.5 pips with no re-quotes execution and allowed hedging, scalping features.

FXTM ECN – account enclose commission of 2$ per lot, but including unlimited orders and you can enjoy low spreads from 0.1 pips. And the last is FXTM Pro Account – designed for professionals with a deposit of 25,000$, but offering floating leverage, interbank spreads starting at 0 and a great variety of assets.

So as you see there are plenty of flexible choices between the best working model for you, which might be confusing at some moment but generally very well organized with or opinion.

How do I open an FXTM account?

FXTM accepts clients from almost every world country, however there are might be some restrictions due to regulations alike implemented for residents of Japan, USA, etc.

So step by step process of opening requires you to follow the FXTM sign-in link where you will be guided through a quite simple process of opening step by step.

Opening an account step by step

1. Access FXTM Sign In page

2. Enter your personal data First and Last Name, Country of residence, email, phone, etc.

3. Answer online questioner about your trading knowledge and expectations

4. Select the account type

5. Verify your account by upload of your identity confirmation. These may include residential proof, copy of your ID, bank statement etc.

6. Once an account is activated and proved you may follow with the money deposit

Getting to another important question about Fes, which are mainly built into a spread are also defined by the account type you use. In addition, you should always consider other fees like non-trading fees, withdrawal fees which we will see in detail further.

Generally, FXTM offering built through tight floating spreads while Standard MT4 spreads start from 1.6 Pips and from 0.1 pips for ECN accounts available on both platforms MT4 or MT5, but will add on a commission charge per order.

Pros Cons
• Flexible fee conditions defined by the account type

• Availability to trade with interbank variable spread plus commission

• Cent Account trading

• Low Stock and Index fees

• Standard spread is high compared to other brokers

Our find on Forex Fees

Forex fees offered by FXTM based on spread only with no commission in case you use Account based on Standard. This type of fees brings you the simplicity of the calculation and is the best suitable option for many traders despite the strategy.

  • FXTM three Accounts based on Standard offering various fee conditions, so the standard spread starting from 1.3 pips for EUR USD, or EUR GBP
  • Cent account will feature slightly higher spread from 1.5 pips due to its option to trade with very small amounts calculated in cents
  • Shares Account offers fixed leverage 1:5 for US Shares and great spread from 0.1

Shares Fees

If you wish to trade Shares, the spreads leverage will be the only charge, which is a quite competitive and very pleasant offering compared to the industry. Below you may see some comparison between other trading CFDs brokers, yet remember this is the standard proposal that seems to be average and high at FXTM. But, as we see FXTM proposal is very flexible so with account types and depending on the instrument you trade FXTM may bring you almost the best proposal in terms of its fees.

Comparison between FXTM fees and similar brokers

Asset/ Pair FXTM Fees AvaTrade Fees XM Fees
EUR USD 1.5 pips 1.3 pips 1.6 pips
Crude Oil WTI 9 pips 3 pips 5 pips
Gold 9 40 35
BTC USD 20 0.75% 60
Inactivity fee Yes Yes Yes
Deposit fee No No No
Fee ranking Average Low High

What is FXTM commission?

So while you trade with Standard proposal there is no commission charges, as all costs built into a spread. Yet, if you select FXTM ECN account you will trade with interbank lower spread and commission charges applicable. A commission that you will be charged in case you use ECN MT4 account, is defined by the trading volume you operate see snapshot below.

  • New traders or the ones who would like to try the platform can learn to Trade via Demo account, featuring $1,000,000 available to trade, detailed step-by-step tutorials and online webinars, individual support by the account manager in 16 languages.

Moreover, there is an additional feature for FXTM Invest Account, a quite simple profile that including copy trading tool supported by the Top Strategy Managers and suitable for the traders of almost all degrees.

For accurate and updated information please check the official FXTM website, as well as you may compare fees to FXTM peer XM Trading.

An overview of the Non Trading Fees

These fees should be considered also, as FXTM will charge you 5$ per month in case you didn’t show any trading activity for a period of six months or more, this is known as FXTM Inactivity fee.

Despite this, there is no deposit fees or some of the withdrawals are free as well, which we will see in our FXTM review further, so all in all FXTM fee structure is quite transparent and well built.

Deposits and Withdrawals

In terms of the funding methods, FXTM made it quite simple and straight forward process with a truly wide range of funding options that will assist you to find a suitable money transfer provider.

Pros Cons
• Minimum deposit – 10$

• Wide range of deposit option including Credit Card, Bitcoin

• Some withdrawal methods support 0$ fee policy

• Majority of withdrawal methods still add on commission

Deposit options

In order to fund an account or to send money to it you may choose among the following methods, which may also vary according to your country of origin. Also, FXTM is really quick with your deposit processing, as it mentions within 2 hours money will be available at your account so you may start trading instantly.

  • Credit cards
  • Bank wire transfers also with the possibility to perform a local bank transfer. Alike you can choose transfer via Deutsche Handelsbank (accepting deposits in EUR) and Rietumu Banka (using GBP, PLN, USD, EUR, RUR)
  • E-wallets (Neteller, Skrill, Alfa-Click, WebMoney, Western Union, Dotpay, Yandex money, Qiwi wallet, Bitcoin via Skrill, and counting)

What is the minimum deposit on FXTM?

The minimum deposit requirement for you to start trading at FXTM is set to as low as the $/€/£ 100 available for Account Standard and only 10$ for a Cent Account. Also, all deposit fees are covered by the company which is great for your smart money management.

How do I withdraw money from FXTM?

Once you decide to withdraw money from you account you obviously should submit an online request and follow with the required procedure. To make it short you simply should follow the following steps

  1. Login to your account in MyFXTM and go to Withdraw page through My Money
  2. Select the withdrawal method, required amount and click ‘Withdraw’
  3. Complete the withdrawal request along with PIN that will be sent to your email or phone via SMS
  4. Confirm withdrawal and Submit

How long does it take to withdraw from FXTM?

From the moment you submit and confirm the request to withdraw money from your account the accounting department of FXTM typically processed and confirm withdrawal within 2 business days.

Yet, you should always consult with customer service and confirm data, as various jurisdictions may apply slightly different rules. Also, give it some days for the payment provider to process the transaction that also depending on particular international or provider rules.

Withdrawal fee

FXTM withdrawal fee applied to some of the payment methods, while others may be provided with 0% commission.

Since the variety of payment methods truly widely presented, the withdrawal fee varies from one option to another. As an example, Credit Cards withdrawal features 3$ fee, while Bank Transfer will cost 30$, and WebMoney will charge 2% above the requested amount. However, these withdrawal fees still considered to be on a low level comparing to other industry offerings.

Bonus

Another great possibility offered by FXTM is an option to get Bonus through frequent promotions and cashback programs broker offers.

Does FXTM have Bonus?

Yes FXTM offers Bonus programs. However, the Bonus program is strictly available only for the international brand of FXTM and those clients that are trading or holding an account with Exinity Limited, registered under the laws of Mauritius.

How do I claim my FXTM bonus?

So if you open an account with the international entity of FXTM you may claim your bonus according to the recent promotions FXTM runs.

At the time of the FXTM Review writing, you may claim Welcome Bonus and earn 30$ tradeable credit, while you should register for an account then select the 300$ bonus promotion, deposit funds and start trading. Also note, every bonus program applies specified terms and conditions on how it should be used or accessed.

Market Instruments

Generally speaking, FXTM offers good range selection of markets and account features among the industry brokerage offering.

The trading markets include 250+ financial instruments, Forex products with over 50 currency pairs including attractive FXTM CFDs on Cryptocurrencies such as Bitcoin, ETH, Litecoin, Ripple. Also, you may select spot metal CFDs, share CFDs on over 170 major companies, CFDs on Commodities and CFDs on Indices.

FXTM Markets compared to similar Brokers

It is also good to compare FXTM to other industry offerings, so in the table below you may see available assets and instruments.

FXTM XM AvaTrade
Forex 57 57 55
Indices 11 18 18
Commodities 6 15 17
Cryptocurrency 4 5 6
Shares 174 1294 63

FXTM Trading Platforms

FXTM trading technology and toolbar use the industry’s leading software third party providers, which doesn’t require a presentation, as these platforms are MT4 and MT5. However, a progressive technology of the MetaTrader was combined with FXTM’s unparalleled trading services that allowing smooth operation and enhancing your trading capabilities all in all making trading powerful processes.

Web Trading Platform

Since the FXTM platform is MT4 or MT5 software both offers various versions available either as WebTrading platforms or the one that can be installed directly at any device. Web trading software is a great option if you are a beginner or regular size trader, as platform accessible right from the browser, does not require any installation, easy save and navigated.

Look and feel

Desktop Trading Platform

If you require more tools along with powerful customization you better choose Desktop version. MetaTrader supporting all kinds of devices including PC, MAC as well as accessible Multi Terminal that is useful for money managers. Hence you will always have access to your account at personal convenience.

All necessary and useful tools are also included into the package, from risk management to analysis, as well as a unique developed trading tool like – Pivot points strategy and trading signals. Along with converters, calculators that designed to make trading to the trader of any level more professional.

•Customer-friendly design

•The comprehensive range of tools

•Automated trading capabilities

•Clear look and fee report

•Industry leading software that does not require familiarization

•Tons of education material and automated strategies available

• No proprietary platform

Mobile Trading Platform

Of course, FXTM offers applications for mobile or tablet devices, so you will always have access to your account at personal convenience. Design is clear and customizable which is always good, yet app packed with tools and alerts so you always remain updated.

•Good design

•Full control over your trading account

•Good charting •Two step verification not offered

Placing orders

Social Trading

In addition to its powerful feature and clear possibility to monitor markets the FXTM platform also enables automated trading which is the execution of orders automatically according to the implemented strategy.

Or you may use the powerful capability of Social Trading alike becoming an investor, this option allowing you to follow ranked strategy managers which you can choose through numerous criteria or filters to follow. In reverse, professionals may become managers and gain extra income by being copied.

Customer Support

Another good point in its client-oriented philosophy of FXTM operation is a competent customer service that is available through various sources including Online Live Chat, Phone, emails, Messenger applications etc. Apart from the positive and high regard from the clients in terms of its good reputation, FXTM also supports a great range of languages, so you always may count on help whenever you needed it.

There are established centers in Asia region including Indonesia, Malaysia, Thailand, China, as well as Africa region, Europe and more, so it is true to state FXTM covers the global needs of traders.

•Customer oriented handling

•Support of international Phone lines and range of languages

•Fast and appropriate answers • No 24/7 customer service

Education & Research

Overall, the main approach of the FXTM we can characterize as a client oriented broker, mindless the trader’s trading capital, experience or style FXTM have a solution to meet a particular need and provide outstanding service in almost every way.

In terms of education, FXTM hosting regular educational events in various cities around the world while satisfying the demand to start the trading journey and supporting with learning material everyone who would like to engage into trading. There are webinars, seminars, platform tutorials, trading tools, research tools, superb glossary, Forex news, Economic Calendar, Market outlooks and Analyst analysis all remaining at your disposal.

Eventually, FXTM education is one of the best we see in the industry, so this point is definitely well organized and highly recommended for your attention.

•Customer oriented education policy

•Great learning material and research tools

•Well organized Forex News, Market Outlook

•Numerous Trading ideas

•Social Trading benefits

•Demo Contests, Live Forex Contests None

What is more, Forex Contest is established by FXTM competition held regularly and is one of the ways to test strategy, polish skills and grow confidence. A truly challenging experience available in both Demo and Live accounts hence is an ideal for both experienced and “fresh” traders, which is definitely another Pro point for FXTM. For recently available contests check the official FXTM website.

Conclusion

As we can conclude throughout our FXTM Review, while the majority of the brokers concentrating mainly on developed and well-known markets, FXTM placed their focus on other countries like Africa and Asia and gain a great winning there.

These opportunity brings the advantage of trading Forex further and allows well-regulated trading offering worldwide, so now FXTM became one of the best Forex providers in South Africa.

Besides, the main tool and a very powerful one in the FXTM business strategy is – education, which attracts new traders and giving a great opportunity for both parties good. And that is apart its largely established social responsibility and other activities they regularly held.

Though, FXTM gives a quality trading potential for both beginners and experienced traders or investors. Moreover, there are other advantages with ForexTime too, the accounts variety is very impressive that allows any trader best suitable option either with flexible or floating leverage, – leverage which determined based on the trader experience and knowledge, tight spreads from 0.1 pips and low deposit requirements.

Nevertheless, for better understanding, we will be glad to know your own thoughts about FXTM which you may share in the comment area below, as well as see other traders’ opinions.

No review found.

The founder of Alpari and FXTM companies and one of the main figures in the FX industry, Andrey Dashin, has revealed the changes that will refer to the both brands. He announced that the CEO of the FXTM, Olga Rybalkina, will become a minority shareholder of both Alpari and FXTM companies. Ms. Rybalkina has an.

A few days ago an international online forex broker FXTM (ForexTime) has announced the appointment of Marcelo Spina as Global Head of Partnerships. FXTM is an international online forex broker offering financial services in forex, CFDs on spot metals and CFDs on Commodity Futures, Indices and Shares. ForexTime Ltd provides its services to more than.

Forex broker FXTM has recently announced that it got a license from the Financial Services Commission (FSC) in Mauritius. The FXTM brand is also regulated through the FCA, CySEC and the FSCA which are amongst the most stringently regulated financial authorities. FXTM holds the continual offering of excellent trading conditions at the heart of its.

Leading Forex broker FXTM has just announced that it has appointed Tan Chung Han (Han Tan) as a new Market Analyst of the FXTM Market Research team, with a focus on Southeast Asia (SEA). As a new member of the FXTM Market Research team, Han will act as the voice and face for the FXTM.

It is a fact, Forex industry grows daily by bringing tempting opportunities and uniting millions of traders from every corner of the world and making things possible not only for “Trading Sharks” as before but even for a very beginning investors with zero experience. Rising demand for Forex, trading and investments itself, however, attracts numerous.

Объективный обзор FX-Invest.biz

Участвует в таких рейтингах (в скобках указанно место занимаемое в рейтинге):

Обзор

Брокер FX-Invest основан в 2008 г. с регистрацией на Сейшельских островах. Торговые инструменты не слишком разнообразны: валютные пары, металлы и криптовалюта. Предлагаются бесплатная обучающая и партнерская программы. Начальный депозит можно открыть в 3-х денежных единицах: USD, EUR или RUB. Для новичков имеется возможность открытия демо-счета.

Отзывы (12)

  • Сортировка

CFD – заработок на разнице цен на определенный товар, без владения самим товаром (золото, нефть, газ и т.д.).

Бинарные опционы – это как ставка на спортивное событие, например вы делаете “ставку” X долларов, что цена нефти через день будет Y. Если это случилось получите прибыль, не случилось – теряете всю “ставку”.

Forex – торговля валютами и заработок на их курсах.

Индексы – заработок на изменении экономических индексов разных стран.

Акции – заработок на акциях крупнейших компаний мира.

Торговые советники – автоматическая торговля, используя сигналы для начала сделки.

Copy-трейдинг – автоматическое копирование сделок успешных трейдеров.

Суть этих опций в том, что вы передаете свои средства в управление менеджеру, который совершает сделки вместо вас.

LAMM – менеджер торгует на своем счете, а система дублирует его действия на вашем.

PAMM – деньги всех инвесторов находятся на одном счете,которым управляет менеджер. Прибыль\убытки распределяются в процентном соотношении.

MAM – менеджер торгует вашими средствами сразу с нескольких ваших счетов.

NDD – торговля происходит на реальном рынке\бирже, где его участники продают\покупают друг у друга.

ECN – торговля идет между участниками системы, которые сами назначают цену покупки\продажи. Но при этом на межбанковский рынок торговля не распространяется. По сути участники системы лишь покупают\продают право владеть товаром.

STP – торговля идет и на межбанковский рынок, можно сказать напрямую к поставщикам ликвидности (тем у кого есть физический товар). При этом брокер все же выступает посредником.

DMA – клиент покупает\продает у поставщика ликвидности, при этом участие брокера сведено к минимуму, а трейдер получает большую свободу действий.

DD (не рекомендуем для крупных сумм) – торговля происходит внутри компании брокера в виртуальном режиме, при этом на реальный рынок брокер не выходит и ничего для вас не покупает.

Instant Execution – сделка откроется\закроется по конкретной цене. При этом если за время подачи запроса на биржу цена изменится в негативную сторону и станет невыгодной вам\брокеру, то брокер вернет отказ в исполнении сделки. Это может помешать вашей автоматической торговле или потребовать дополнительного внимания для обработки отказов (реквотов).

Market Execution – сделка откроется\закроется по рыночной цене и произойдет в любом случае, даже если цена будет отличаться от вашей изначальной заявки. Это более быстрый вариант выставления ордеров и их исполнения, при этом не требующий слежения за отменами сделок.

Спред – это разница между ценой покупки и продажи товара на бирже.

Плавающий спред – это естественное положение вещей на рынке. Ведь продавцы и покупатели постоянно меняют цены своих заявок, тем самым спред постоянно меняется.

Фиксированный спред – это когда брокер либо покрывает разницу между реальным спредом который существует на рынке или отменяет вашу сделку. Т.к. это несет дополнительные расходы для брокера, то крупные компании с именем, стараются не использовать эту опцию.

Биржи по типу торгуемого товара делят на: фондовые, товарные и валютные. Но чаще биржа включает в себя все эти 3 типа.

Фондовая биржа – это площадка для торговли акциями компаний, облигациями, долговыми ценными бумагами и пр. Выйти на фондовую биржу можно только через посредника (брокер или банк). На фондовом рынке можно купить реальные ценные бумаги (например, акции Apple Inc.), а не просто играть на их цене (фактически ими не владея).

Товарная биржа – даёт возможность торговли различными товарами (чаще сельскохозяйственная продукция, драгоценные металлы).

Валютная биржа – организует и проводит биржевые торги валютой и др. финансовыми инструментами (не путать с Forex).

Индексы описывающие усредненную (по специальной формуле) суммарную стоимость акций топовых компаний конкретной страны. Как правило такие индексы отражают состояние экономики в стране.

На изменении значения этого индекса брокеры предлагают заработать. При этом вы не покупаете конкретный товар, т.к. его по сути нет. Поэтому торги здесь виртуальные.

Скальпинг – частые сделки с небольшой прибылью за короткий промежуток времени.

Хэджирование – открытие сделок для перестраховки и уменьшения рисков. Как правило это или заранее оговоренная цена контракта в конкретный срок (называется фьючерс) или открытие второй сделки приблизительно равной первой но в другом направлении.

Возврат части спреда (рибейт) – как правило у крупных брокеров его нет, т.к. это означает что брокер делиться частью своей прибыли с клиентом. Исключение – это партнерская программа, где брокер делиться прибылью за то что партнер привел ему клиентов.

VPS – это постоянно работающий сервер, на котором круглосуточно будет работать программа для автоматической торговли.

Autochartist – программа, которая автоматически анализирует графики цен, и прогнозирует развитие событий на рынке.

Торговые сигналы – брокер предоставляет свои сигналы для начала сделок или позволяет получать другие. При этом вы сами выбираете каким сигналом пользоваться для трейдинга.

Финансовые регуляторы – организации которые регулируют финансовый рынок (в том числе и брокеров) в конкретной стране.

Если брокер регулируется авторитетной организацией или имеет ее лицензию, это хороший сигнал для увеличения доверия к нему. Это с большой вероятностью означает, что брокер играет по установленным регулятором правилам и соответствует его требованиям.

TopTradePro Broker Review

TopTradePro is an offshore, unregulated forex broker based on the Marshall Islands. By choosing to trade with TopTradePro, South African investors will have the ability to trade CFDs in forex, crypto, stocks, commodities and indices via the AVTIV8 platform.

Is TopTradePro a trustworthy company to invest in though? Read our full review, which includes pros, cons, and our final conclusion on whether TopTradePro is a scam or a legitimate broker.

Account Types

Like most forex brokers, South African traders will have a choice of several account types to trade with: six regular TopTradePro accounts, as well as an Islamic Account and a Joint Account.The minimum deposit to begin trading with TopTradePro is $250 – which is no surprise, as this is the typical minimum deposit amount required from most forex brokers.

Tip: For a much lower minimum deposit, trade with IQ Option – the best regulated broker for South African traders with a minimum deposit of only $10!

It is important to note here that when going through these account types, there was no mention of leverage, spreads or the minimum investment amount. In fact, TopTradePro appears to be especially vague on their website in general and offers traders no basic information or trading conditions. TopTradePro’s lack of transparency was an immediate red flag when reviewing this broker.

You can see all the TopTradePro account types listed below.

Demo Account

To our disappointment, TopTradePro does not have a demo account available. Demo accounts are perfect for South African traders to practice and test out a broker’s platform before making their first deposit. Especially if you are a beginner, we strongly suggest you do your research and only start trading with a broker that offers a free demo account – like FX-advisor.com

Basic Account ($250)

  • Minimum deposit: $250
  • 20% bonus
  • 24/5 support
  • Education center
  • Daily market review
  • PRO webinars
  • Price Alerts

Bronze Account ($1,000)

  • Minimum deposit: $1,000
  • 30% bonus
  • 24/5 support
  • Education center
  • Daily market review
  • PRO webinars
  • Price Alerts
  • Intro session with trading expert

Silver Account ($2,500)

  • Minimum deposit: $2,500
  • 40% bonus
  • 24/5 support
  • Education center
  • Daily market review
  • PRO webinars
  • Price Alerts
  • Intro session with trading expert

Gold Account ($10,000)

  • Minimum deposit: $10,000
  • 60% bonus
  • 24/5 support
  • Education center
  • Daily market review
  • PRO webinars
  • Price Alerts
  • Intro session with trading expert
  • 3 – 4 fixed spreads on major currency pairs
  • CFDs
  • Strategic analyst – private session

Platinum Account ($25,000)

  • Minimum deposit: $25,000
  • 80% bonus
  • 24/5 support
  • Education center
  • Daily market review
  • PRO webinars
  • Price Alerts
  • Intro session with trading expert
  • 3 – 4 fixed spreads on major currency pairs
  • CFDs
  • Strategic analyst – private session

Black Account ($100,000)

  • Minimum deposit: $100,000
  • 100% bonus
  • 24/5 support
  • Education center
  • Daily market review
  • PRO webinars
  • Price Alerts
  • Intro session with trading expert
  • 3 – 4 fixed spreads on major currency pairs
  • CFDs
  • Strategic analyst – private session
  • Exclusive position access

Islamic Account

If you are a trader of the Islamic faith, TopTradePro gives you the option to open a swap-free account that complies with Sharia law. To open an Islamic account, you will need to contact TopTradePro directly (contact info below).

Joint Account

As a final choice, South African traders can choose to open an account which will be shared with two or more investors, known as a Joint Account. To open a Joint Account, you will need to contact the broker directly (contact info can be found below).

Trading Platform & Assets

TopTradePro gives South African investors a wide range of CFDs to trade through their platform. These include:

  • Forex – major and minor currency pairs (ex. EUR/USD, USD/JPY etc.)
  • Crypto – Cryptocurrencies like Bitcoin, Ethereum, Litecoin and more
  • Stocks – Coca Cola, Starbucks, Apple and more
  • Commodities – coffee, sugar, wheat and more
  • Indices

ACTIV8 Platform

South African clients will be trading all the above underlying assets through the ACTIV8 trading platform. The ACTIV8 platform is developed by Leverate (the creators of the Sirix trading platform). TopTradePro gives its traders a good choice of platform, which is user-friendly and simple enough for a beginner to understand. ACTIV8 has excellent charting, technical analysis indicators, as well as “strategies” and “master’s” sections. The platform is a web trader, which means no downloads or installations will be required. South African users can access the TopTradePro platform directly from their browsers or mobile devices.

Unfortunately, TopTradePro does not have the MetaTrader 4 (MT4) platform available, even though they claim to on their official website. MT4 is considered one of the most popular trading platforms online and caters to more advanced traders.

Customer Support

For any questions, clarifications or issues you may have, you can contact the TopTradePro customer support team via email or by submitting an online contact form on their website. The broker also provides a phone number, but not a South African one. We were also disappointed by no option for live chat.

However, the company does claim to have a 24/5 customer support team – which if true, is definitely convenient.

Email: [email protected]
Phone number: +442080894279

TopTradePro is the brand name of Ideas in Motion LTD, who are based in the Marshall Islands under the registration address Trust Company Complex, Ajeltake Road, Ajeltake Islands, Majuro, Republic of the Marshall Islands MH 96960. The registration number provided is 92591.

Deposit & Withdrawal Methods

As mentioned above, TopTradePro has limited information on their website and information regarding deposit and withdrawal options were no different. The only information we could gather is for deposit methods, which are:

  • Credit / debit card (Visa, MasterCard)
  • Wire transfer
  • Skrill
  • V-Pay

We assume that withdrawal methods are similar to the deposit methods. Usually, when requesting a withdrawal, you have to withdraw with the same method you initially deposited your funds and some type of identification is required.

TopTradePro Pros & Cons

As you have probably realized by now, our TopTradePro review uncovered many more disadvantages than in it advantages. Hopefully this list will help you make your decision, as it sums up the most important pros and cons of trading with TopTradePro.

Pros:

  • ACTIV8 trading platform – great option for beginners

Cons:

  • No regulation or license – traders are unprotected, could be subject to scam
  • No transparency – lack of basic information on website
  • No demo account
  • No MetaTrader 4 – the most popular forex trading platform

Is TopTradePro a Scam?

We do not have sufficient evidence to call-out this broker as being a scam, but we would not recommend TopTradePro to South African traders. They are an unlicensed company that lacks transparency on their website, as well as certain basic features outlined above.

We believe you can do much better – with a cheaper, regulated and award-winning broker that is voted top for South African traders on our site: IQ Option.

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