XM.com
XM.com is associated with the XM Group and is regulated by the Financial Conduct Authority.
Founded in 2009, based in UK, XM is the leading and well-established international investment firm in the world operating with 1.5 million clients and traders in 196 countries.
The XM.com is dealing fairly with excellent customer service and a personalized approach for all customers and that the reason for its success.
XM for beginners:
It is the best and outstanding online forex trading and commodity trading platform for beginners who want to business in forex and commodities.
XM is dealing with the real and demo accounts so the beginners can start trading with the XM Webtrade trading software real account, or test the demo account with $100,000USD of virtual currency.
The XM demo account is unique in the sense as it offers exactly the same trading conditions as the real thing. There are no time limits on how long you can use your demo account.
It is dealing with the trading of forex, stocks, commodities, equity indices, precious metals, energies and cryptocurrencies.
XM Applications:
The MetaTrader 4 by XM.com is the forex trading platform which is providing the stop, limit, market and trailing orders, on the other hand, the MetaTrader 5 platform lets the clients do trading in stocks, stock indices and precious metals.
The MetaTrader 4 and MetaTrader 5 platform applications are available for both Android and iOS devices on Google and Apple Play Stores so the clients can easily install these apps on their mobile phones to do easy and handy online trading.
The desktop platforms for PC and Mac both support one-click trading.
XM Accounts
XM lets the customers to trade with the Micro Account, Standard Account and XM Zero Account. The minimum spread across all accounts is 0.1 pips, and the average spread for a major pair such as EUR/USD is 0.1 pips.
All these XM accounts allow up to 200 open/pending positions per customer.
Micro accounts can use USD, EUR, GBP, CHF, AUD, HUF and PLN as the base currency and can get started with a minimum deposit of $5USD. 1 micro lot is 1,000 units of the base currency.
Standard accounts can use USD, EUR, GBP, CHF, AUD, HUF and PLN as the base currency and traders can get started with just $5USD. 1 standard lot is 100,000 units of the chosen base currency.
Zero accounts can use USD and EUR as the base currency and traders will require a minimum deposit of $10USD. Like the Standard account, 1 standard lot is 100,000 units of the chosen base currency.
Commission:
XM services are auto trading without any hidden fee and commissions and also with the fast order executions, with 99.35% taking place in under 1 second.
This online trading broker is operating strictly because the commission is only given for XM Zero accounts.
XM covers all transfer fees and instant same-day withdrawals.
Leverage:
XM is providing the facility to their customers to manage the leverage own their own risk with the range of 2:1 to 30:1. This is a completely flexible option from the online trader because the margin remains sustainable throughout the week and never widens at weekends or at night.
The exciting thing about it is that the traders for the Non-European markets are able to get a huge amount of leverage and trade with certain currency by removing EEA limits like negative balance protection.
However, the non-European traders see leverage reach 500:1 on certain markets, but need to keep in mind that this leverage could be either with profits or losses.
Payment Methods:
As per the KYC rules and regulations, the clients need to provide the color copy of an official identification document such as a passport or a driver’s license with a copy of the utility bill dated within the last three months as proof of address.
After the registration, the minimum deposit amount for Micro and Standard accounts is $5, whereas you need to deposit $100 for the Zero accounts.
Clients can use the different payment methods to deposit including credit cards, wire transfer, local bank transfer and many others.
You can deposit into any currency and it would be converted to your preferred currency after the account registration.
On the other hand, all the withdrawals are processed in 24 hours without any fee deduction from your accounts.
XM Trading Hours:
In the forex market XM is operating 24 hours a day with the phone trading from Sunday 22:05 GMT through to Friday at 21:50 GMT.
Accepted Countries:
XM is dealing with the traders from the United Kingdom, South Africa, Singapore, Australia, Thailand, Hong Kong, Sweden, Italy, Denmark, France, Germany, Norway, United Arab Emirates, Saudi Arabia, Kuwait, Luxembourg, Qatar, India, Pakistan and most other countries.
On the other hand, XM doesn’t accept traders from Canada, Israel, United States, Iran and Belgium.
Pros and Cons:
Pros:
Free 24/7 VPS (virtual private server) service to help increase the speed of trades.
Claim to available all over the globe.
XM offers training and educational material available on the website for beginners for making their first steps into trading.
Serves both newcomers and professionals with its regular webinars.
It’s a social platform lets beginners to learn from their team of instructors.
The company also published research and technical analysis.
The company pride in customer service which is available in many different languages.
Cons:
The customer service is strong but few clients dislike its availability from Monday to Friday.
Lack of diversity between accounts which makes customers feel less personalized.
The Company doesn’t support PayPal deposits.
XM in Pakistan:
On the whole, it can be said that the XM is the solid online forex trading platform with comprehensive broker service to traders across the world. If you want to do forex trading with the XM.com in Pakistan then the digitaialpaisa.pk is the handy platform, it is the affiliated partner of XM, facilitating the forex traders in across the country to deposit and withdraw their currency instantly.
FBS.com
FBS.com is a Forex and CFD broker that provides its services all over the world. FBS activities are regulated by IFSC (International Financial Services Commission). Established in 2009 this forex trading platform has got much popularity among the clients with its reliable services of currency pairs, CFDs, stocks and metals. This online broker claims that it is operating in 190 countries with 12 million traders and about 7,000 traders and partners’ accounts are opened every day.
Working with FBS:
To work with FBS is too much easy and beneficial because it is operating through the hybrid broker model of Straight-through processing (STP) and Electronic Communications Network (ECN). It is not offering the dealing desk and assets of the brokers directly passed into the systems of the liquidity providers at the actual market prices. There is no possible option for re-quoting.
Why select FBS?
The broker claims that 80% of online clients work efficiently with them and that’s the reason for their increasing demand.
FBS is the most profitable, trusted and sustainable broker dealing with the thousands of orders daily.
Accounts and Common Features:
FBS has a wide range of outstanding features to allure clients such as the leverage rate is 1:1000, the spreads are fluctuating and the least is 1 pips.
This online forex broker is offering to select between different accounts so you can choose easily among The Cent (the common mini account) with a minimum deposit of $1, Micro account with minimum deposit of $5, the Zero Spread (for fast trading) with minimum deposit of $500, Standard Account for the experienced traders with the minimum deposit of $100 and the ECN account (full power of trading with ECN technologies) by depositing $1000.
To open the account with the FBS you need to select only the two common types of currency like USD and EUR.
After the deposit, you will obtain 100% of your invested money amount.
Payment Method:
The deposit and withdrawals payment with FBS platform, you can use the credit or debit card, WebMoney, Skrill MoneyBookers, Perfect Money, Neteller, OK Pay, Dixipay, EgoPay and ordinary bank wire transfer.
Bonus System:
With its amazing services, this online broker is also offering a bunch of perks and bonuses. For a bonus you can check with FBS website.
FBS Applications:
FBS broker is using the two types of online trading platforms including MetaTrader 4 and FBS Trader 4
MetaTrader 4: it is the most popular online platform among clients and best to make quick and unflawed trades.
FBS Trader 4: is the broker’s owned software. It is a web-based platform that does not require installation or downloading.
FBS Customer Support Services:
FBS has strong customer care support that is serving the customers 24/7 a week. The broker website is available in 18 different languages including English, Korean, Arabic, Thai, Russian, Lithuanian, Vietnamese, Spanish, Portuguese, Malay, Indonesian and Chinese, etc.
You can also contact the FBS customer support representatives via phone call or through an email.
Pros and Cons:
Pros:
Regulated by CySEC and the IFSC.
Low investment requests for account opening.
Access to investor reimbursement in case of broker scam.
Easy to navigate the platform.
Supportive customer care service.
Cons:
Spreads are higher.
The rule of the worldwide brand is not as strong as the EU brand.
Leverage presented on a worldwide brand is too high.
Accepted Countries:
FBS is accepting traders from all over the world except the countries including Japan, USA, Canada, UK, Myanmar, Brazil, Malaysia, Israel and the Islamic Republic of Iran.
FBS in Pakistan:
Forex trading with the FBS is legal in Pakistan. It’s the most popular forex trading platform in Pakistan with its dedicated website in the Urdu language for forex traders within the country.
Pakistani traders can start trading with the FBS by depositing just $50, and also by using the local platforms including Skrill, Web money, Perfect Money, Neteller, bitwallet, Visa, Sitcpay, etc.
If you want to trading with FBS from Pakistan you can have the services of the digitalpaisa.pk in order to convert, deposit and withdraw your payments instantly.
You can trade with confidence with Digital Paisa because it’s the affiliated partner with FBS broker and is a safe and transparent trading option.
IqOption.com
Founded in 2013, the Iq Option is powered by the IQ Options Europe Ltd, based in Cyprus with its operational services. This online trading platform is working as the Cypriot Investment Firm (CIF) and comes under the jurisdiction of the Cyprus Securities Exchange Commission (CySEC).
It is the leading online trading platform offering a bunch of facilities to the customers from the European Economic Area (EEA) under the CIF license #247/14.
Iq option has made the trading too easy and simple by offering the free demo account with the lowest deposit option which is $10. Customers can use to do CFDs on Stocks, ETFs, Commodities, Indices, Cryptocurrencies (Bitcoin, Ethereum, Litecoin, Ripple, Bitcoin Cash, Dash, IOTA, Zcash, Omisego, Tron, Stellar Lumens, Bitcoin Gold, Ethereum Classic, Qtum etc.), Forex and binary options trading.
This online trading platform is easy to navigate with the user-friendly features and navigation, it has a large chart available on the website helps the clients to monitor the market conditions easily.
The tools accessible at this platform are handy for the binary which is not otherwise present on the other leading trading platforms across the world.
In addition, the platform comes with popular technical indicators such as Moving averages, Bollinger Bands, MACD, position top-up and RSI.
The traders need to use this position top-up tool with discipline. This platform also offering new risk management or trading strategy options for traders.
Iq Option Application:
For easy trading Iq Option is offering the mobile application that traders can install on their smartphones free of cost and can monitor the trading, check their account status, keep updated with all the developments in the market as well as to perform trades.
You can download the Iq Option application form Google and Apple Play Store for the Mobile, Desktop Windows, MacOs, and Web devices.
Iq Option Accounts:
Iq option is offering the three types of accounts to traders including a demo account, standard trading account and VIP account.
You need to do a minimum deposit of $10 for opening the standard account, for the VIP trading account you need to deposit $1900. In order to open a demo account with Iq Option, you don’t need to deposit money.
The demo account is accessible with the pre-loaded $1000 practice money which you can use to perform your practice trades.
Both the Standard and VIP account holders can participate in the Iq Option’s weekly trading competitions but the VIP account holder can get the more promotions with the 3% additional returns and the service of a personal manager.
Iq Option Bonus offers:
Under the regulations of CySEC this trading platform is not offering any kind of deposit bonus.
The sole promotion offer is the trading competition by which the account holders can join after paying the entrance fee. The prize money for the competition ranges from $100 to around $100,000.
Leverage Spreads, Charges and Commission:
Iq Option is transparent with its fees and costs. Spreads are different between buy/sell prices and mostly inconsistent depending on the volatility, liquidity and the time of day.
The maximum leverage is 1:500 for non-EEA members. EEA traders will see leverage at 1:30.
This online trading platform is also charging the 0.1% to 0.5% Swap Fees. These fees can be varied and will be higher when positions are held over the weekend.
If your account remains inactive for the 90 days Iq Option will charge €10 each month as Dormant Account Fees.
On the other hand, there is no withdrawal fee but they do charge $31 for the bank transfers.
Iq Option is charging 2.9% commission on certain cryptocurrency trades. This price does not apply to any other asset of trading.
Customer Support:
The Iq Options customer supports is available 24/7, you can contact the support team through email, live chat or the call.
The Iq Option website supports different languages as well in order to facilitate the customers.
Deposit & Withdrawal Methods:
There are a number of options for the deposit and withdrawal with the Iq Option. You can go for the credit cards (VISA, Mastercard and Maestro), e-wallets (Neteller, Skrill, Perfect Money and Webmoney ) and bank wire transfer.
The whole withdrawal process will take a few hours or a day to transfer with other means of payments, but it will take a few hours with e-wallets.
On the other hand, the credit cards and bank wire transfer for withdrawal can take approx.10 business days to complete the process.
Accepted Countries:
Iq Option has widened its services to the Asian markets with the bank transfers.
The accepted countries with bank transfers include Thailand, Indonesia, Vietnam, Malaysia, Philippines, South American, Brazil, Argentina, etc.
With Perfect Money Iq Option trading in many parts of Europe, Colombia, Nigeria, Pakistan and India.
On the other hand traders in mainland China, Hong Kong, Taiwan and Macao can get the facility of deposit and withdrawal with China Union Pay.
Iq Option is also operating in France, Norway, Sweden, Denmark, Luxembourg, Qatar United Arab Emirates, Saudi Arabia, Kuwait, and most other countries.
Iq Option is not available for traders from the United States, Australia, Canada, Germany, Italy, Netherlands, Japan, Israel, Turkey, Belgium, Russian Federation, Romania and Spain.
Pros and Cons:
Pros:
The minimum deposit amount is $10.
This trading platform is very user-friendly and can be played by beginners.
Free of commission facility.
Cons:
Take too long to withdrawal with bank transfers.
High leverage for all kinds of assets including CFD, Forex, and Cryptocurrency.
Iq Option in Pakistan:
The Binary trading option is legal in Pakistan. Iq Option is offering binary trading, so, if you are interested in binary trading from Pakistan you need to select the best Binary Options Broker from Pakistan. To choose the right broker is very important at the start. For this purpose, you can select the digitalpaisa.pk which is the affiliated partner with Iq Option.