Pepperstone Review

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Pepperstone is a trading platform based in Australia. You can trade forex, options, cryptocurrencies and many more assets.

  • Minimum Deposit: AU$200
  • Great Support Team
  • ASIC Regulated (AFSL #414530)
Promo: Earn Qantas Points for every trade » Sign up now

Pepperstone is an Australian trading platform. It has maintained a glittering image within the online trading community since its launch in 2010.

Pepperstone’s reputation is not based solely on hearsay. It is actually one of the most celebrated brokers in the industry being awarded many times for its efficiency and innovative platform.

Among its most noted accomplishments is winner of the Governor of Victoria Exports Awards in 2014, and the award for the fastest growing company in the nation by BRW Magazine for the same year.

It facilitates a wide range of trading styles while complying with the strict regulations of the ASIC. That makes it a reliable choice of broker for traders. Outside of the island continent, it also has offices in Dallas, Texas, and Shanghai.

Accounts

Innovation is one of Pepperstone’s strong points and when it comes to accounts, it certainly does not hold back. A trader is greeted with many different options for trading accounts.

For regular traders, there is the Edge Standard account which uses Institutional Grade STP Spreads and does not charge any commissions. Advanced and EA traders are expected to use the Edge Razor account which uses Raw ECN Spreads and charges a commission of $3.5 for every trade worth 100k.

Then there is the platinum account designed for Active traders and Institutional partners. It affords a relatively high level of service as well as better ECN EDGE execution. It is a fairly exclusive account that even comes with its own relationship manager.

Muslim traders can make use of the Islamic account which features a forex swap rate so that trading positions can be held overnight and without any interest in forex trading.

Finally, there is the demo account which is good news, especially for novice traders still getting to know the system.

Pepperstone’s demo account uses the highly reputed MT4 platform.

And while the variety of trading accounts is admirable, the range of available trading assets is not too bad either, featuring currencies, commodities, and soft commodities as well.

As a trader, you will be able to run multiple accounts simultaneously, in which case you can receive assistance from the MAM Multi Account Manager.

Trading platform

pepperstone-trading-appWhen it comes to technology, few brokers out there that can hold a candle to the technological advancement of Pepperstone. The main feature of its trading platform is the EDGE environment known for its brisk pace at executing trades while also maintaining a minimal width on the accompanying spreads.

Another crucial benefit of EDGE is that it allows you to trade ECNs directly on the MT4 platform. It also gives you a great deal of depth into the market.

The electronic trading system for pepperstone is the result of a collaboration with the NASDAQ listed firm, Equinix.

Numerous auto trading and social trading systems such as Mirrortrade, ZuluTrade, MyFXBook, RoboX, and MT4 signals are available at Pepperstone. Moreover, they enable you to make identical copies of other systems on your account.

Also at Pepperstone, your Mt4 account is compatible with almost every operating system, including major ones like iOS, Windows, OSX, and Linux without any requirement to download or install them. There is also a wealth of charts, technical analysis, and real-time data indicators too.

Pepperstone also offers several auto trading and social trading systems such as ZuluTrade, MirrorTrade, MyFXBook, MT4 signals, and RoboX, all of which allow you to make perfect copies of other systems on your own account.

At Pepperstone Webtrader, your MT4 account can be accessed on almost any major operating system – iOS, Windows, Linux, OSX – without having to download or install it. In addition, Webtrader offers traders with charts, technical analysis, and indicators of data in real time.

Deposits and Withdrawals

You can make deposits at Pepperstone with either a credit or debit card, bank transfers and online payment schemes such as Neteller, WebMoney, Oiwi, and Skrill.

Meanwhile, traders have to submit an online form before making withdrawals. A withdrawal, if made via a bank wire transfer, will take anywhere between 3 to 5 days to be processed.

Conclusion

All things considered, Pepperstone is very much at the forefront of the trading business. It offers a diverse and advanced array of forex trading technology that is also matched by a 24-hour customer support service.

Few other brokers perform at the same standard.

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eToro Australia

eToro is a popular broker, especially in Australia Famed for being the largest social trading network in the world, eToro was founded in 2006 by the Assia brothers, Ronen and Yoni, and business partner David Ring. Based in Tel Aviv, Israel, it now counts over 5 million users spread across 170 countries, one of which is Australia.

Registered as a Cypriot Investment Firm, eToro is regulated under CySec and the FCA.

eToro For Australian Traders

The headline stats you need to know about eToro Australia is that it boasts access to over 45 major and rare currency pairs. Leverage can be as high as 400:1 and the spreads are very tight.

The platform allows you to adjust the level of risk as well as how much you want to invest in each trade. The default setting will not do leverage going past 50:1.

Then, there is a feature called Copy Trader which lets you duplicate the strategies of the more successful forex traders. All that is required from you are the funds. Copy Trader will take it from there.

The base currency for opening an account with eToro Australia is USD.

While there are over a dozen different payment methods that are compatible with eToro, for Australian traders, the only options are credit/ debit card, bank wire transfer or PayPal. The minimum initial deposit to open an account can vary from $50 up to $1000 pending on your location and local regulations.

There is a demo account available with virtual funding by which you can test out the platform without risking any of your own cash.

Trading platform review

The original trading platform for eToro was a bit simplistic and only interested novice traders. But it has been undergoing continuous development and is now prominent in the online trading community at large. It is fully compatible with both your Android and iOS devices.

eToro’s social trading platform, called ‘OpenBook’, was launched in 2010, same as the ‘CopyTrading’ feature.

Now, however, both the ‘OpenBook’ and ‘WebTrader’ platforms have been merged to create an all-inclusive trading platform from which all their functions can be accessed.

Customer Support

You can reach eToro’s customer support services 24/5 via telephone or email. The typical response time for emails is 48 hours, not the quickest in the area. There has been no mention of a live chat option as yet.

Usually, client queries are answered with the help of online guides. However, you can also request a direct communication with one of the representatives. You can communicate either in English, French, German, Spanish, or Italian.

Security

Aside from being heavily regulated by the FCA and CySEC, eToro also uses a Secure Socket Layer to authenticate users and data transfers. That is a huge contributing factor to the high success and reputation of this broker.

Conclusion

All things considered, this is one of the best Brokers to partner with. Highly efficient and comprehensive in its services, it also employs the latest security measures to make sure that your trades are safe as they are convenient.

Plus500 Australia

Plus500 is a broker that focuses primarily on CFD trades. It was founded in 2008 and is based in Sydney, Australia. It also maintains a high reputation within trading communities being regulated under the FCA, ASIC, and CySEC.

Is Plus500 Available In Australia?

Yes, Plus500 is available in Australia – check their homepage here

Plus500 is now one of the most lucrative CFD providers in the island continent. Much of it is down to its trading platform which is immensely powerful and easy to use.

There are two types of accounts available, a live account and a demo account. The demo account is available at no cost at all and will give traders much-needed insight and experience in executing trades with Plus500.

Meanwhile, you will need to make a minimum initial deposit of 500 Australian dollars to get started with a live account.

Plus500 offers leverage up to 1:300. If you are interested in this broker, here is a Plus500 review.

You can fund your live account using payment methods like credit cards, bank wire transfer, PayPal, or Skrill.

Trading platform

The Plus500 trading platform is instantly recognizable and tremendous to play on. The design and layout are highly intuitive and user-friendly and feature some of the most comprehensive technical analysis software of any broker.

One can refer multiple markets on the same screen and access quotes of trading assets in real time. Although known primarily as a CFD broker, Plus500 also offers other trading instruments like forex, stocks. Commodities, indexes, and ETFs.

The list of details keeps going on and on. And yet, it manages to contain this much substance and content in its trading platform while remaining relatively simple to use even for novice traders.

What’s more, there are multiple versions of the platform. There is the downloadable version for use on your personal computer and there is the app version designed to work with your Android or iOS devices. It is even compatible with your Apple watch.

Security

Plus500 would not be as reputed as it is without extremely tight security measures. With licenses from finance agencies like the FCA, ASIC, and CySEC, the network is considered to be highly reliable and safe.

To obtain a license from any one of the aforementioned authorities, a broker must develop its services to a very high standard, one that many others have fallen short of.

Being licensed by these authorities also gives the green light to new traders who may be uncertain of how to pick scam brokers from authentic ones. In that respect, Plus500 represents virtually no risk at all.

Conclusion

As far as trading in Australia goes, there is very little that would deter you from opening an account with Plus500. Its state-of-the-art trading platform combined with highly efficient customer support and reliable security measure makes it an obvious choice for traders, both novices and the experienced.

The only real downside is the lack of communication by telephone and being completely off-limits to traders in the United States. But hey, that is nothing for an Aussie with a stable internet connection to worry about, is it?

Binomo Review

Among the countless trading platforms available for futures contracts, there are those that stand out significantly from their competitors.

One such company is Binomo, which for several years has been holding the leading position in all sorts of rankings.

Let’s take a closer look at this company’s services in order to understand why it attracts online audiences from all over the world.

Visit Binomo

Well, Binomo is a professional platform for trading futures contracts, and its name is a part of a brand belonging to one of the major players on the financial market – Stagord Resources Ltd. with its management office in Cyprus.

The Binomo company first appeared in its niche on the financial market in early 2014, and since then it has already established itself as a high-tech, client-oriented, reliable, and safe platform where beginners can make a successful start and professionals can implement their bravest trading plans.

It’s apparent that the founders of Binomo had the initial goal of becoming a truly large company, in which the most innovative technologies for financial trading would be implemented in combination with good trading conditions.

Sign-up, account type selection, and trading conditions

The sign-up process on the Binomo site has been simplified as much as possible – all you need to do is fill in a special form with a minimum of data:

After that you only need to confirm the sign-up through the link sent via email and then enter your personal information in your account on the company’s website. By the way, the company’s site is secured by COMODO cryptographic SSL protocol, which protects personal data and client funds from hackers.

Next you will need to choose the type of trading account, which will mainly depend on the amount of money that you transfer to your account:

  • only the DEMO account is opened for free (it is assigned immediately when you open an account and it offers an inexhaustible amount of training money – this account also allows you to use all services of the company)
  • from $10 – Standard account
  • from $500 – Gold account
  • from $1,000 – VIP account

When crediting an account, the company provides an opportunity to take advantage of its bonus program – up to 85% in bonuses on the amount credited for the first and subsequent transfers of funds in one payment.

The company offers the most popular electronic payment systems for account crediting, such as Webmoney, Neteller and PSB, Visa/MasterCard, as well as cryptocurrencies that will be converted into dollars or euros at the current exchange rate:

Thus, the company allows you to start trading with just $10 in your trading account. At the same time, the following will also be available to you:

  • minimum lots from $1
  • a weekly cashback service of up to 10%
  • up to 87% payouts on profitable transactions
  • profit withdrawals from $10
  • withdrawals of funds in 4 hours to 3 days
  • additional services for privileged Gold and VIP account types

It is worth noting that even if you do not have the money to immediately open a VIP account, you will be assigned this type of account as soon as your trading balance exceeds $1,000.

Binomo trading platform

Not only do the conditions of cooperation attract traders to this company’s site, but the main “pride” of Binomo is its trading terminal, the advanced technical functionality of which allows even the most inexperienced traders to correctly predict the value of an asset.

The Binomo platform is equipped with the following:

  • a wide-format quote chart with options for switching the type of price display, time frame, scaling, and viewing of the history of the market
  • A set of built-in indicators that can be changed
  • a set of various chart tools for determining different market patterns
  • more than 50 underlying assets in the set (instruments of the stock, commodities and foreign exchange markets, as well as cryptocurrency)
  • expirations from 1 minute to 24 hours
  • non-stop technology that allows you to continuously enter into trades
  • a convenient manual for setting up trade parameters and quickly opening contracts

The company also offers a mobile version of its platform, which allows you to trade wherever you want on Android and iOS gadgets.

It should be noted that the Binomo terminal is software of the company’s own development, that’s why it offers only the most high-tech functionality, which provides for trading at a professional level. That’s why you can find as many as 14 technical indicators there, and that’s the maximum set of market analysis tools that you cannot even find on any other trading platform, as well as a large number of all sorts of chart tools. In addition, the Binomo terminal has built-in technology for uninterrupted operation, which ensures the execution of transactions without price slips or freezes.

Additional services

Favorable trading conditions and an advanced platform are the undoubted advantages of Binomo, but the company also hasn’t forgotten about other additional services in the form of a free training program, interesting promotions, and profitable tournaments.

1)Training program

Bimono has developed an extensive training course for beginners that allows you to get the entire basic set of knowledge and skills using the following:

  • video lessons
  • an educational interactive manual
  • an exchange dictionary
  • step-by-step instructions
  • answers to frequently asked questions

2) Promotions and tournaments

Binomo also pampers its clients with various promotional offers that provide free contracts, additional bonuses, and temporary use of additional privileged services.

The company also regularly holds tournaments among its traders where it’s possible to win huge monetary rewards from generous prize funds. Moreover, even traders with only the demo account can take part in tournaments and get real cash prizes since all competitions are held on the tournament account and only using virtual money.
Conclusions about Binomo

After analyzing the services of Binomo we can unequivocally say that this is far from an ordinary company, of which there are hundreds on the market.

This is a real professional firm that invests huge funds into its development and constantly maintains the reputation of a professional and profitable trading platform.

Thus, we can safely recommend this company, both for beginners and for professionals.

Visit Binomo

 

How To Become A Full-time Trading Investor

Trading on the stock markets is easier than ever before. Thanks to online trading platforms and smartphone apps, it’s possible to make investment choices as simply as you update your social media profiles or make a shopping order.

While this has been a pull factor, empowering many people to try trading, rock bottom interest rates and poor-performing savings accounts have also proved a timely push – forcing people to look for other ways to make their money go further.

But, what if you’ve done well from trading? If you’re able to confidently answer ‘what is a CFD trade?’, ‘what is a VWAP?’ or ‘what type of trader is a chartist?’ and, crucially, you’ve started to make a tidy profit, could you quit your job and go full time?

Everyone’s personal circumstances are different – but here are the things you’d need to consider before taking the plunge and turning your trading hobby into a full time career:

What’s your specialism?

To be a full-time trader, you need to be an expert. You’re no longer dabbling, paying the bills depends on the decisions you make. You need to pick a platform you’re happy with and a form of trading that you’re confident about.

You might think that you know a fair bit from your experience so far but complacency is dangerous – do your research and ensure you are thoroughly prepared. Being blind to the potential risks of life as a trader will not help. Even if you’ve done well so far, make sure you know what the common mistakes made by traders are so that you know what to avoid.

Whether you want to trade forex or invest in funds, you have to do so with confidence and based on evidence. You also need to settle on a strategy – switching between different methods is only likely to lead to confusion and, therefore, losses.

Lifestyle choice

Leaving a job to pursue trading full time isn’t just a career decision, it’s also a lifestyle choice. Do you have a room in your home you could turn into an office? Are you confident about being able to separate your work and home life?

You need to be self-motivated and be able to ignore distractions to get on with your work. You also need to put a good amount of time into this.

Spending one or two hours on your hobby is fine – doing this as a job requires more time. Equally, make sure you get some of the benefits from leaving your job. If you want to spend more time with your children, for example, build this into your schedule.

Realistic goals

How much money do you need to make? This is the first question you need to ask. Note, this isn’t about how much you want to make. You need to start by setting out an amount of money that you need to earn in order to fund your lifestyle. Then, from there, work back and consider what it would take to deliver that.

This might help you to understand when you’re ready to quit and become a full time trader as you’ll know how much money you need to save to start. Clearly, in the medium to long term you’d like to outstrip this and make lots of money but, at the start, be realistic and make a living before you aim to make a fortune.

Treating it like a business

We’ve already touched on this above, but it’s vital that you approach your life as a trader as seriously as you would if running any other business.

That means ensuring your tax and financial affairs are in order, putting the right level of work into your new career and, importantly, drawing up a business plan outlining your goals and strategies and analysing your success.

Make sure you know how much you wish to invest, the risk involved in any investment and that you have a back up plan in case things go awry.

Buy Bitcoin Australia

If you are from Australia or New Zealand and want to invest in Bitcoin, it pays to know what Bitcoin really is and how it works.

Bitcoin or BTC is a system of decentralized cryptocurrency payment developed by Satoshi Nakamoto. Ever since its launch in 2009, it continues to receive constant updates and improvements by a team of developers that is funded in part by the BitcoinFoundation.

Bitcoin is, in fact,the oldest ever cryptocurrency, as well as the most popular. It is even accessible through many reputed Forex brokers like Plus500. Bitcoin buying/selling is completely legal in Australia and New Zealand.

At the time of its release in 2009, the world had not quite dug into the idea of virtual currency and so it would be another four years before Bitcoin began raising some eyebrows. Between 2011 and 2012, its value was magnified by as much as 300%. While in recent times the numbers have remained somewhat lax, Bitcoin remains a lucrative betting commodity for capital firms and traders alike.

How does Bitcoin work?

Bitcoin is becoming more and more popular in Australia and other countries.

Bitcoin was among the pioneering cryptocurrencies to adopt peer-to-peer technology that would allow payments to be virtually instant. The individuals/companies that manage the underlying operations are collectively known as miners.

They actively participate in the network as well. Whatever their incentives are, they depend on the release of new Bitcoin as well as any payments made in Bitcoin. They make up the so-called decentralized authority that is the signature characteristic of Bitcoin and keeps the network economically relevant.

Bitcoin mining refers to the process in which Bitcoins and released and circulated. The idea is to solve the complex computational puzzle that would yield a new block which could be added to the blockchain in exchange for a few Bitcoins.

Back in 2009, the reward was worth 50 Bitcoins but has been steadily decreasing every four years. As the amount of Bitcoins increase so does the difficulty level of the mining. In ’09, the difficulty level was a 1.0. Now it is past 4 billion. Of course, such a rate would warrant major upgrades in computer resources.

So the standard desktop computer was replaced by much faster Application-Specific Integrated Circuits (ASIC), and more advanced processing units like Graphics Processing Units (GPUs).

How valuable is Bitcoin?

In short, a lot. At present, a single Bitcoin is worth well over a thousand North American dollars. That price is not really correlated to the vastness of the mining network. The price of Bitcoin increases along with the cost of producing it.

To keep up, the mining network has had to triple its power in the last 12 months or so.

Who actually came up with Bitcoin?

There is no question that since its inception, Bitcoin has become a pioneer in ushering in cryptocurrencies and providing insanely profitable investment opportunities for traders. But for all the fuss it has been causing since debuting back in 2009, it is a tad bit embarrassing to realize that we still do not know which person or persons actually came up with it. Believe it or not, the world’s leading cryptocurrency network is shrouded in anonymity regarding its roots.

There is only one name that comes up when discussing the origins of Bitcoin, and that is Satoshi Nakamoto. But again, this could refer to an individual, or a group of individuals, we simply do not know for sure yet, and it does not look like we will know anytime soon.

How to invest in Bitcoin

Purchasing Bitcoin in Australia is not as complicated as it sounds. In fact, you can outright just buy some. At present it is terribly simple, thanks to several firms in the United States as well as internationally, that count the trading of Bitcoins among their operations.

For traders in the US, the best option is Coinbase, which sells BTC at a markup that is normally just 1% over the prevailing market price. For Australians a good options is via a forex platform like Plus500.

With Coinbase, American traders also have the option of linking their bank accounts with their Coinbase wallets, making for easier payment transfers in the future. Also on offer is automated Bitcoin purchasing at regular sessions.

For instance, if you intend to purchase $100 worth of Bitcoins on the first or second day of each month, you can simply set up an auto-buy for your desired amount with Coinbase.

However, do not just jump right in. Take the following considerations into account:

Issuing an automated buy order does not mean that you can also control the price at which Bitcoin is bought. Also, Coinbase is not exactly a Bitcoin exchange. You will be directly trading with them but the firm itself sources the coins from other traders. As a result, there is the risk of delay or other issues occurring with orders when the market moves rapidly.

If you are looking for a more conventional exchange of Bitcoin, BitStamp may prove to be a better choice. BitStamp allows you to exchange with other users rather than with the firm itself, which really only functions as an intermediary.

Liquidity is higher as well. Fees begin at only 0.5% and go down even further to 0.2% given that you have traded at least $150,000 within 30 days.

Exchanges, however, are not the sole option for acquiring Bitcoins. You can also buy them offline using Local Bitcoins. The website will set up pairs or prospective buyers and sellers. During purchases, the Bitcoins are locked away from the seller within the escrow.

Whenever you are purchasing Bitcoins offline, you should take the same precautions as you would when meeting a stranger. Make sure the meeting is during thedaytime, somewhere public, and if possible, bring a friend along.

Bitcoin might in some ways resemble a trend or product that came up suddenly, caught everyone’s attention and then disappeared almost as quickly as it came. But in the minds of many traders and venture capital firms, it is definitely here to stay.

And why not? In some ways, it represents the future of how we look at and manage currency. In some ways, it is the future.

Plus500 Review

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Rating: rating
Plus500 is one of the most trusted site if you want to trade CFD on Options, Forex, Crypto, etc. They accept Australians and the minimum deposit is really low.

  • Minimum Deposit: AU$100
  • No Commissions
  • Licence issued by FCA, CYSEC and ASIC (#417727)
Special: Low Spreads For All Traders » Sign up now

* Plus500 is a CFDs service
* Your capital is at risk
* Risk disclaimer: CFDs are leveraged products and can result in the loss of your capital.

Plus500 is a reputed site, where you can trade CFDs (options, forex, crypto, indices etc.).

Plus500UK Ltd is authorised and regulated by the Financial Conduct Authority (FRN 509909). Plus500CY LTD is authorised and regulated by the Cyprus Securities and Exchange Commission (Licence No. 250/14). Plus500AU Pty Ltd. has a licence issued by ASIC (Australian Securities & Investments Commission) and the licence number is AFSL # 417727. This means that they can legally operate in Australia as well.

Plus500 is a CFD provider, and they do not offer binary options trading.

The site accepts traders from Australia, New Zealand in addition to other countries, however Plus500 does not offer its services in the United States.

Let us get into the Plus500 review and explore how they perform in other areas.

Plus500 Accounts

A trader can sign up for 2 types of accounts with Plus500, either a demo account or a live account. The demo account can be activated with no underlying charge at all while the live one requires a minimum initial deposit of 100 AUD before activating. The maximum leverage assigned to forex accounts is at 1:300.

Trading Platform

plus500Plus500 gives its traders access to one of the most intuitive, unique, and user-friendly trading platforms as well as technical analysis. Its platform allows you to access a plurality of markets on the same screen, while also supplying real-time information on quotes on each of the assets being traded.

The list of instruments you can trade on the Plus500 platform is big. It includes CFDs on foreign exchange, cryptocurrencies, commodities, stocks, ETFs, and indexes.

Apart from being easy to use even for a first time trader, the platform offers another big benefit. It has an all-inclusive trading screen with top mounted tabs containing details on completed trades and existing positions as well as numerous opportunities for trading in markets.

Charts can also be referred on the platform although they will have to be viewed separately as the software for that does not permit the same screen to show more than one graph.

There are different existing versions of Plus500’s trading platform. There is a downloadable version intended to work on your desktop computer or laptop or any other, the App version will make the platform accessible from your Android or iOS mobile device, and also you Apple watch.

Deposits and Withdrawals

There are multiple ways by which you can fund your Plus500 account. We have listed them below.

  • Visa
  • Mastercard
  • Wire transfer
  • MoneyBookers

We recommend either Visa or MasterCard over the others as they are a faster way to commence trading. However, supporting your account using MoneyBookers/Skrill is no less difficult. Making a deposit by wire transfer is also a simple task but the processing time takes up to 5 days to complete.

You will get an email so you can keep tabs on the details. As we stated earlier, your initial deposit needs to be at least 100 AUD (or 500AUD for wire transfers). Also, the details of the wire transfer will be forwarded to your bank along with the minimum and maximum sum that can be deposited through a wire transfer.

When it comes to making a withdrawal, you can get an idea of how strict the regulations are when you take a look at the elementary requirements attached to it. A customer must provide a photo ID either from their passport, driver’s licence or another official identity document and also verify their address.

It will not be too a tedious a task since you can upload the information as a pdf, tif, jpeg, or file directly onto the Plus500 trading platform. You will have to wait an additional 24 hours for the files to be reviewed. On the off chance that your identity document cannot be scanned, you can simply photograph with your camera or smartphone.

Customer Support

Customer support from Plus500 can be accessed via email and also an online chat forum in multiple languages. The services are available 24 hours a day at 7 days a week. The reason we have not mentioned telephone support is that that option is not available here.

However, it will only be an issue if, by some chance, a trader loses their internet connection or their pc crashes. Apart from that though, the service runs reliably and smoothly.

Licence Information

Plus500 is one of the most widely recognized trading sites around.

Plus500AU holds Australian Financial Services Licence #417727 and Derivatives issuer licence in New Zealand, FSP No. 486026, thus authorized to provide its services to Australian and New Zealand residents. Plus500AU is also an Authorized Financial Services Provider # 47546 in South Africa.

In addition, Plus500UK Ltd is authorized and regulated by the Financial Conduct Authority (FRN 509909). Plus500CY LTD is authorized and regulated by the Cyprus Securities and Exchange Commission (Licence No. 250/14).

In our experience it is always better to open a trading account with an authorized provider, rather than an unauthorized one.

Conclusion

So long as you are a trader from Australia or New Zealand, we would very much recommend Plus500 as an extremely competent and quality site to trade with. New traders particularly will find the demo account very resourceful, for getting their eye in with the market and developing sound trading instincts, without having to put their own funds on the line.

Meanwhile, the more experienced traders can benefit off of the tight dealing spreads and attractive bonuses on hand for their initial deposits. The platform itself is substantive and is remarkably simple to navigate.

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Binary Options Perth

In recent years, Australia has been fairing a lot better economically than other comparable nations like the United States and in Europe. A big stake in that result is due to the ‘controlled’ explosion of Australia’s binary options trading market. It has now come to be a major source of income and profit for a lot of people residing in Australia. Perth is currently one of the major cities in Australia where people invest in binary options trading

One of the major reasons – if not, the major reason why binary options trading is a lucrative enterprise in Perth is the availability of top notch binary options brokers. They are not only highly reputed but also licensed and regulated by Australia’s government empowered commander in chief of financial institutions: the Australian Securities & Investments Commission.

ASIC has rigid standards which brokers have to attain in order to obtain a license. Therefore, most prospective traders would scoff at the idea of selecting a binary options broker that is unregulated and unlicensed.

However, as we shall soon see, not all binary options trading brokers operating in Perth are regulated by the government. Let us take closer a look at the brokers currently in business and see what they have to offer.

HighLow

HighLow isrecognizedlocally as well as internationally as an excellent broker in the business. A major reason for this is that it operates under license and regulation by the ASIC since being founded in 2013. Its headquarters are located in Sydney. It has an easy to access trading platform that is available on your Android or IOS smartphone as a mobile app. It offers up to 25 assets to traders.

>> Visit Highlow

Going up to 180-200%, HighLow offers the highest profit return on trades of any binary options trading broker. HighLow accepts deposit payment methods such as Credit cards, bank wire transfers and Neteller. To open an account viaCredit cards, Neteller and Deposits made in US dollars, the minimum amount required is $50. For domestic bank transfers, it is $10.

All of HighLow’s clients are entitled to a demo account (worth $10,000 in virtual currency) which can be maintained simultaneously with their live accounts. The languages available are limited to English, Japanese and Chinese.

BinaryMate

Started quite recently in June of 2016, BinaryMate is relatively new competitor among the established range of binary options brokers in Australia. However, it has still managed to develop good worldwide publicity since then. Its main offices are in Scotland and the Seychelles. It is not officially licensed or regulated under the ASIC.

Traders who have selected this firm can expect to make a profit as 95% on successfully executed trades. One of the more well-known and complimented features of BinaryMate is its highly rated customer service which offers 24/7 availability to live video chat with actual human consultants. This is a bold new method for binary options brokers.

The demo account however is not that great of a factor with this broker. The underlying details, term and conditions will require a discussion with customer service and have not been verified by other sources so far.

 

Vantage FX

Vantage FX was initially a pure Forex broker but has since become a well reputed ASIC licensed andregulated binary options broker based in Sydney. It usesan innovative cloud based trading platform. Traders can also access the platform and place trades through a mobile app. The minimum deposit for starting an account is $100.

With a pay-out rate of85%, Vantage FX offers among the highest profit returns of any broker. You can also maintain a demo account starting with $20,000 in virtual currency which will come in quite handy especially if you are a novice trader. Vantage FX offers just one live accountto be maintained byeach binary options trader. The only languages available are English and Chinese.

Conclusion

Asa binary options trader based in Perth, these brokers offer you the best chances of making it big in the trade. There is no real objective standard by which to compare them. Selecting one really boils down to some hard core research and technical analysis to suit your individual preference. By the end of it, you will have gained a better understanding of which broker will serve your interests best.

Most popular currencies in Forex Trading

Foreign Exchange is by and away the biggest global market out there and the most liquid as well. Daily transaction within it amount to a few trillions of dollars regularly.

As a novice trader just starting out, you would do well to get your eye in on the most popular currencies for trading and the reasons behind them. And that is precisely what we are going to do in this article.

5 Most popular currencies in Forex Trading

1) US dollar (U.S.A)

This is a no-brainer. The American form of currency is unrivaled as the most traded in currency ever. It is vastly recognized as an intermediary between other currencies when they are being traded. In fact, it is so frequently used and accepted globally that some nations have adopted it as their official currencyas opposed to coming up with one of their own.

It is a very influential on foreign exchange rates of other currencies submitting itself as assort of benchmark by which their values are assessed. Also, it is the standard currency used to price the majority of commodities such as metals and crude oil.

2) Euro (Europe)

The euro is only second to the US dollar as a globally traded currency and globally accepted reserve currency. It is the official currency used by most countries in the European continent. And yet, it is no older than January 1st 1999. It is the benchmark currency used valuing most other currencies both in Europe and in Africa.

And with its status as a highly traded and relied upon currency globally, it is also to be found extremely active in Forex trading. It is usually placed on trades concerning the economic state of Europe in general and European nations.

3) Yen (Japan)

When it comes to Asia at least, no currency is more heavily traded than Japanese Yen. It is often the currency that is referenced when assessing the economic health of the Pan-pacific area. That includes nations such as Singapore, Thailand, and South Korea whose currencies are much less prevalent in Forex trades.

Additionally, we recognize the Japanese Yen as a top currency of Forex trading for how it was used in the carry trade. With no real interest rate present for most of the past two decades, traders have been using the currency to trade in more profitable currencies and making a sweet revenue off the value differences.

4) The English Pound (United Kingdom)

Ever since Brexit happened, the UK currency has taken a gradual dip. However, even when it was a part of the EU, it did not adopt the Euro as its official currency because – apart from losing control of interest rates domestically – it would have been a deeply unenglishmanlike thing to do. When it comes to the Forex market, traders will look at it depending on the prevailing state of the national economy and political landscape.

5) Franc (Switzerland)

It may only be number 5 among the world’s Forex market’s most popular currencies but it certainly ranks a lot higher as a safe currency to use. One of the reasons for this is that it is prone to move in a negative parallel to more heavily fluctuating currencies.

The Swiss National Bank is an active participant Forex trading in ensuring that trades involving Swiss Francs are have a tighter range keep fluctuation more controlled and predictable.

Conclusion

That concludes our list of the top 5 currencies used in the Foreign Exchange market. As you might have seen, there are some unique qualities about them that might appeal to you depending on which part of the world you are trading from. Keeping tabs on these will help you understand the market a lot better and expose you to more profitable opportunities in Forex trading.

 

 

Binary Options Brisbane

Binary options trading in Brisbane is still a developing industry. Nonetheless, this form of trading appears prepared to take off in a big way. This is because Australia, Brisbane included, has become a secure and promising location for binary options. This is largely due to the Australian Securities & Investments Commission.

The ASIC has imposed strict regulations on any broker that wishes to fall under their purview. This has resulted in there being greater financial security for private funds. This level of protection has acted as motivation for traders to place funds and trade with the local brokers. As a resident in Brisbane you too can make a decent profit trading in binary options and do so with regulated brokers. Here are the most recommended binary options brokers for you to consider.

HighLow

Launched in 2013 and regulated by the ASIC, HighLow is instantly recognizable by any seasoned trader of binary options. Its main office is located in Sydney. It uses a pulse trading platform that also has a mobile app for android and IOS devices. It can be used in English, Japanese and Chinese.

>> Visit HighLow

There are 25 assets offered by HighLowfor trading along with the highest pay out rateof any binary options trading broker either in Australia or abroad. As a client of this broker, you can obtain a payout up to 180-200% on a successful trade.

With HighLow, the initial deposit for opening an account can be a Credit card, Neteller or bank wire transfer. If you wish to make a deposit via credit card, Neteller or in US currency, you will need to deposit a minimum of $50. With a domestic bank transfer, that amount is at $10.

The option of a demo account worth $10,000 in virtual currency is available to all clients and can be maintained alongside an active account.

Vantage FX

Vantage FX initially started out as a Forex broker based in Sydney. Now though, it is an established and well reputed binary options broker as well. It is licensed and regulated by the ASIC. It offers customers the chance to trade on a state-of-the-art cloud based online platform.The platform is also available as a mobile app so that clients who are commuting can access their accounts on their Android or IOS devices and execute trades. Your account can be accessed in either English or Chinese.

The pay-out rate of 85% offered by Vantage FX is high when compared with other binary options brokers. To open an account, you will need at least $100 for your initial deposit. You can only use a singleactive account. The broker offers a demo account which provides newly registered traders with $20,000 in virtual currency. This makes it a suitable broker for novice traders who are still attempting to learn the markets.

 

BinaryMate

BinaryMate is based in Scotland and the Seychelles. It was launched in June of 2016, a fairly recent firm to come up. However, in just over a year it has become a reputed choice for prospectivebinary options traders. It does not operate under a license from the ASIC and is not regulated.

Clients of BinaryMate use a proprietary system supplied only by this particular broker. The pay-out gains are in high, at 95% on a successful trade.

BinaryMate’s most famous compliment from its clients is its customer service feature. Unlike most other brokers that offer communication either through email or by phone, BinaryMate is among the first to engage customers in a live video chat service with a human. The service is available 24/7.

A major complaint regarding this firm is a lack information on the demo account. Finding out more about that would mean having a critical discussion with customer services.

Conclusion

Australia as a whole is an ideal location for trading in binary options. If you are based in Brisbane you should have little to no trouble looking up any one these broker firms and setting up an account. Selecting the best broker for you really is a matter of how compliant it is with your individual policies regarding finance.So, be sure to do a decent amount of research and technical analysis before deciding which broker would serve you best.