Binance Referral ID

You can’t go wrong with Binance. This cryptocurrency exchange is one of the most trusted exchanges in the crypto industry. With Binance, your ‘Funds are SAFU’. They accept traders from Australia, New Zealand and all other countries.

Use The Binance Referral ID: 11285553

When signing up with Binance, you will be asked to provide a Binance Referral ID. By the way this code is available not only to Australians, but all traders worldwide.

What does the Binance Referral ID do?

There are several advantages of using the referral code 11285553:

  • You get 50% fee discount on the exchange
  • You get 40% referral bonus when referring friends

How To Sign up and use the Binance Referral ID

  1. Go to Binance.com
  2. Click the ‘Register’ button (you can find it on the top right of your screen)
  3. Enter your email and password
  4. Enter the code 11285553
  5. Tick the “I agree (…)” box and click the Register button

Here is what the signup form should look like:

binance signup

That’s all you need to get all the awesome rewards like fee discount and referral bonus.

Advantages of using Binance

First of all I’d like to let you know that I use Binance personally. It is in fact my #1 exchange.

There are so many reasons to pick Binance over other exchanges:

  • Volume is not faked: Binance is one of the few to not fake transaction volumes on sites like CoinMarketCap.
  • Binance Coin: Binance has it’s own coin called BNB (Binance Coin). At the time of writing this article, BNB is in the top 10 of all cryptocurrency coins. All other exchange coins are way behind. Also owning BNB coins can lower your fees on Binance.
  • Transparent: The owner  of Binance is very active in the crypto community. Problems are solved fast.
  • Many Coins: Other exchanges like Kraken and Coinbase, only have a couple of coins available. Binance has a lot more alt coins than most others.
  • Security: Binance offers two factor authentication including YubiKey.

binance trading fee

Binance Referral Program

Binance offers a Referral Program to all traders. You can get up to 40% referral reward for all of your friends, when you sign up with the Binance Referral ID: 11285553

After you register you can go to the referral program page found at: https://www.binance.com/invite.html.

Here you will find your Referral ID code and your Referral Link. You can use any of those two, to refer friends to Binance.

Binance referral id code

This page will also show you the number of friends referred, as well as the Commission Value of all referrals.

You will receive a percentage (20% or 40%) of all traders that you refer. Over time this can really add up, especially where there is a bull market.

 

 

 

 

 

 

strategy

Long Term or Short Term Binary Options Trading

Since its inception, binary options trading has been associated with short term trades.

In fact, some of the most popular trade periods have been 60 second and 2 minute trades. As the trading form has evolved, however, so has the trade times.

There are now trades that can last for days, weeks, months or even up to a year. Of course, this still does depend on the broker that you are associated with.

As these longer trade intervals become popular, it does beg the question: long term or short term binary options trading – which one is right for you? Here are certain factors that may help you decide a position:

It Depends on Your Personality

What you are like as a person can have a huge impact on which time frame is right for you.

For instance, if you are in favor of the long game and can understand the advantage of waiting, then you will be well-suited to longer trades.

However, if you are ruled by impatience or if you are someone who craves a more exciting trading situation, then shorter trades are the answer.

Are You Satisfied with Lower Payout Rates?

On average, brokers tend to offer lower payout rates for smaller time frames. This is because these intervals are seen as being easier to manage.

After all, it is quite likely that a reigning trend will continue for a couple of minutes longer unless the market is incredibly volatile.

Due to this perception, most brokers will offer less in terms of the final payout.

With long term trades, the outcome is not always as certain, particularly if you the trade is set to expire weeks or months from now.

As the brokers have a better chance of the trade ending out of the money, they are willing to offer higher payouts.

Short Term Trades Favor Research-Oriented Traders

Although it may seem backwards, traders who have time to spend on research and price movement charts will be better suited to short term trades.

This is because short terms trades are easy enough to determine when there is a clear trend. However, when there is no such price direction, there needs to be greater amounts of research done.

This will help you, the trader, to identify those pockets of time in between where the price of an asset can increase or decrease. One of the best brokers for short term binary trading is highlow.

With long term trades, these patterns are a little easier to see. Since it deals with a broader period of time within the market, the trends and the movements are simpler to predict.

Different Time Periods are Conducive to Different Assets

Not all assets perform equally well for different trade intervals. With certain assets, you have a higher chance of ending in the money if you are trade is quite short.

For others, a longer time period may help you make a more accurate prediction. Commodities, for instance, tend to work best for short trades. This is because it tends to be a rather volatile asset and the price direction can change in the matter of days or weeks.

With stocks, on the other hand, you can make a good profit if you can identify a company that may see a price bump in their shares in the future.

In many instances, it doesn’t have to be a case of either/or with short term and long term trades. This is because if you manage to master both intervals, you can diversify your portfolio a great deal. This, in turn, will help to manage your losses.

Long term or short term binary options, which one is right for you, must be determined by you. In the end, you should realize that there is some benefit to utilizing both.

How To Buy Alibaba Stock

Investing in shares of well-performing companies is one of the best ways to make money in the long term. This is why you may want to know how you can buy Alibaba stock in Australia.

Alibaba Stocks

Now, Alibaba is one of the top ecommerce sites in the world.

There are several factors you should first look into prior to purchasing shares.

You can find all the information you need below.

Ways to Buy Alibaba stock in Australia

If you wish to purchase Alibaba stock in Australia, you have two main options open.

The first is buying the shares outright on a major exchange such as the Australian Securities Exchange (ASX). Your second avenue is to engage in stock CFD trading instead. So which should you choose?

  • Simply opening a CFD Trading account is a lot less hassle then opening an account with a stock broker.
  • With CFD Trading you can get started with a low AU$250 deposit while stock brokers require AU$10.000 or more.
  • CFD Trading is regulated and safe (so are stock brokers)

The Best CFD Broker For Australian Traders

eToro is the best broker for CFD Trading. This broker is available to Australian traders and they are regulated. Go to the eToro Homepage

Now, as mentioned, Alibaba is one of the biggest companies in the world.

As such, its share prices can often be astronomical. Due to this, the average investor may not be able to purchase enough shares to actually make much of a profit.

This is where stock CFD trading comes in. The main difference between buying shares and engaging in stock CFD trading is that with the latter, you don’t actually have a stake in the company.

Rather, you are simply buying a contract from a contract provider such as etoro.

There are actually quite a number of advantages associated with CFD trading.

For instance, it allows you to open up a larger position, without having to invest quite as much.

Understand, CFDs are leveraged and as such, are traded on margin.

This means that when you open a position on the market, you will only be expected to pay a small percentage. So, you will not have to put quite so much money upfront.

To add to this, you still stand the chance of making a sizable profit, if the position closes in your favour.

Where to Buy Alibaba stocks in Australia

Now, regardless of which option you decide on, you are still going to need a broker before you can make any purchases.

You should recognise just how important it is for you to make the right decision regarding your broker. In many instances, a broker can have a significant impact on whether or not you will actually make a profit.

Alibaba on eToro

The first thing you will need to do is to find a well-reputed broker that has a suitable platform.

If you wish to engage in CFD trading, then eToro broker is perhaps your best option. For one thing, the company is completely reliable as it is regulated by both CySEC as well as the FCA.

However, what really sets this broker above the rest is that it makes opening and closing your position on Alibaba stocks quite simple.

This is largely due to the social trading aspect of this broker. The feature allows you to follow and copy more experienced or profitable traders. This, too, makes it easier for you to make the right trading decisions.

When selecting a broker, make sure that the related platform supports all your needs. So, not only should you be able to trade with the instruments that you want, but it should also be easy to manage.

This way, you will find it a lot easier to place relevant trades quickly.

These are the main things to know about buying Alibaba stocks in Australia. Once you have fully understood this process, it is simply a matter of watching the market and knowing when to open and close your position for the greatest profits.

Why Buy Alibaba stocks?

Now, before you go ahead and buy Alibaba stocks, you need to be certain that you are making a sound investment.

homepage

So, you will need to be aware of the benefits associated with buying Alibaba stocks and stock. Here is a quick rundown of how this can be beneficial to you:

  • The company continues to make profit
  • Continues to expand
  • Services majority of the Chinese ecommerce market
  • Has diversified against economic risks

Perhaps the main reason to purchase shares in this company is due to the fact that revenue has been consistently increasing.

This trend has continued since the inception of the company. While there have been minor downturns over the years, the company has always managed to bounce back in spectacular fashion.

Similarly, this is a company that is constantly expanding, branching out into various sectors.

This proves that it is set to grow, bringing in even more revenue in the future. This expansion, along with the diversification into many markets has another advantage. It means that, to a certain extent, the company has safeguarded itself from economic risk.

Last, but certainly not least, Alibaba offers its services to around 80 percent of the Chinese ecommerce market. Considering that this is a market that is likely to grow by leaps and bounds over the next few years, this is certainly good news for investors.

What is Alibaba?

Before you actually invest in Alibaba, you should learn as much about the company as you can.

The Alibaba Group was established in 1999 by founding member Jack Ma. He was supported by a group of eighteen other individuals.

In the beginning, the company was simply focused on helping smaller Chinese business owners and manufacturers sell their wares to an international market.

However, the website quickly grew and today, it is one of the largest ecommerce sites in the world.

While Alibaba.com is the most well-known portions of the company, it also operates through the branches of AliExpress.com, Taobao, and more. They are doing more and more investments every year.

The company first went public in 2007 on the Hong Kong Stock Exchange but delisted several years after that. However, in 2014, the company filed to be listed on the New York Stock Exchange.

It was with this move that the company made history.

Alibaba conducted the world’s largest IPO, raising $25 billion when it listed in the United States. Just as impressive is the fact that the brand is currently identified as the fifth-largest internet company by revenue alone.

how brokers make money

How Trading Brokers Make Money

.Binary options is not a form of gambling. Over the years it has become a recognized type of investment on the global markets.

It is easy for rudimentary educated on the subject to presume binary options brokers as stock brokers. However this is not the case.

In the stock market, brokers make their money by charging a commission or spread.

The answer on how binary options brokers make money however is a little less apparent.

Simply put, there are two main methods by which binary options brokers make their money.

One is by pricing certain binary options and the other is through the trading activities by investors.

Although the fact is there are a greater number of ways in which a broker can make money but those are subjective to individual business models. With binary options, your broker is either honest or a crook. First, let’s take a look at the two main methods employed by brokers to make money with binary options.

Pricing the binary options

The pricing of binary options that investors are trading in is marked slightly higher than the rates in the market.

This is something that many traders are unaware of. And the brokers usually obtain pricing estimates from liquidity providers.

When making a trade, investors refer to the figures mentioned in the software or trading platform and the estimated payout. However, a certain part of that payout is actually taken out by the brokers which would serve as the commission they are earning.

Trading activities

A binary options trader can also make money through their clients’ trades in binary options.

Through various loopholes that come up with binary options trades, some money from the payout can end up in no man’s land.

These funds by default are taken over by the broker. For instance, if a certain amount of clients make a series of options on a market and end up out the money, their investment falls exclusively into the hands of the broker.

However, in order to maintain trust and a good performance record, brokers will still do what they can to make their clients’ investments a success.

There simply aren’t any guarantees. Depending on the number of clients, a broker could be making millions a dollars a month on the binary options market.

With only two possible outcomes that come with binary options come two types of brokers: the honest and the dishonest.

Honest Brokers

An honest broker is quite simply considered one that is regulated and licensed.

A binary options broker makes money off of the amount of trades that are being executed by the traders.

As long as there is a binary options trading industry where at least some traders walk away having made a profit, there are bound to be some competent and honest brokers around as well.

Dishonest brokers

binary options scamsThere are a few ways however, that brokers will use to scheme against traders swing the money in their direction.

The highly infamous method is when a broker tricks their client into believing they are legitimate. After that they acquire permission to trade with their money.

They then rig the software to yield the result most favorable for them, regardless of whether the clients end up in the money or out the money.

Scams are very ugly. It is best to do your research, give it your best judgment and carefully chose a broker to handle your trades in binary options.

But as a broker, money making opportunities are plenty. Unsportsmanlike conduct is detrimental in the long run. Stick to being legitimate.

cheapest online broker

Cheapest Online Brokers in Australia

These days, when it comes to share trading, online trading is hardly a new thing.

With so many brokers available, the next hurdle is to find the cheapest online broker Australia.

After all, one of the best ways to improve on your trading success is to ensure that your trading costs are as low as possible.

If this is something you are interested in, the information below will be of great use to you. Here, you will not only discover what the top discount brokers Australia are but also get a closer look at what makes them great. On this note, here is a list of brokers that you can rely on:

1. FP Markets

FP Markets is an online CFD and forex broker. This is an ASIC regulated brokerage that has been functioning for over a decade, making it one of the better-known brokers in the market. Here is what you need to know about this broker:

Instruments

If you choose to sign up with FP Markets, you have access to around ten thousands instruments. This allows you to be engaged with a wide number of instruments in share trading, CFD trading, and forex trading. Most of these instruments are related to CFD trading, allowing you to select from:

  • Equities
  • Commodities
  • Indices

At the same time, you will also gain access to around 50 currency pairs for forex trading. As far as commodities go the top options are:

  • Gold
  • Silver
  • Crude oil

You even have the option to trade with Bitcoin if you want to.

Accounts and Fees

There are three different kinds of accounts, one for each trading category. For the share trading account, you can opt for the Standard which offers up a 0.11 percent commission fee and $14.95 minimum fee. For the non-leverage CFD account, the commission starts at 0.08 percent and there isn’t a minimum fee.

The three CFD accounts are the Professional, Platinum, and Premier, with minimum opening balances ranging from $1,000 to $50,000. For equity CFD, 0.08 percent for Australia to 2 cents a share when trading US stocks from Australia.

For forex accounts, Standard minimum opening balance is $100 while the ECN RAW account is $1000. There are no commissions for most of the Standard transactions. Instead, the cost is built into the spread. For the RAW accounts (forex and metals) there is a cost of $3.5 per 100,000.

Platforms

You can select from three platforms with this broker – the IRESS, MetaTrader4, and MetaTrader5. This is good news for traders of all capabilities as you should be able to find a suitable platform between these three. Now, of all these platforms, the IRESS does include a charge of $55 a month, including GST.

2. Amscot Stockbroking

Amscot Stockbroking is in the mix as the best stockbroker Australia. This broker provides traders with some of the most competitive prices on the market. Here is a closer look at how this broker functions:

Instruments

What puts Amscot Stockbroking on the map is the fact that it deals with the three major exchanges in Australia. These are the ASX, Chi-X, and Sydney stock exchange. Due to this, traders have all the instruments traded on these exchanges at their disposal. As such, it can offer a higher number of instruments than most other brokers.

Accounts and Online Trading Rates

You can open an account with Amscot for absolutely no cost at all. There are no sign-up costs, monthly fees, or even any ASX royalty fees. Rather, the fees here are associated with the trading plans made available by the broker. Depending on what kind of trader you are, you can select from the ValueRate and TraderRate.

If your trade values tend to be less than $40,000 then your ValueRate is the best option here for you. Here a trade size of $5,001 will incur a brokerage rate of just $9.90. In fact, with this plan, you will find that the prices beat out many of the other brokers, as long as you trade less than $50,000.

For traders whose trade value tends to be greater than $50,000, the TraderRate works well. A trade size of 50,0001 will have a rate of just $33. The rate remains almost as low, even when the trading value increases up to $1,000,000.

Platforms

One of the downsides of this broker is that you are only able to rely on different forms of the IRESS trading platform. As you may be aware, this is one of the few platforms that require a monthly fee. As such, you will be required to pay $77. However, if $220 of brokerage is generated during the month, this fee will be waived.

3. Bell Direct

Bell Direct is actually an award winning broker, ensuring that you are in good hands when you sign up for a share trading account Australia. To find out just what this brokerage has to offer you, keep reading:

Instruments

One of the top reasons to select this cheap broker is the fact that there is so much you can trade with. This includes all ASX listed equities. To add to this there are also:

  • Interest rated securities
  • ETFs
  • Warrants
  • Managed Funds
  • Options
  • IPOs
  • XTBs

As you can see, you really are spoiled for choice. This makes Bell Direct a good solution for more seasoned traders who want to keep costs down.

Bonus Tip: If you are interested in forex trading then one of the cheapest online brokers is Vantage FX Australia.

Trader Fees

One of the main perks with this broker is that the more you trade, the less you actually pay. For instance, your first 10 trades of the month (up to $10,000) cost just $15. The 11th to the 30th trades are 13 or 0.08 percent, depending on which is higher. The 31st trade onwards cost $10 or 0.08 percent, whichever is greater.

Platform

To add to the many benefits of signing up with this broker is the fact that it has arguably the best online trading platform Australia. This broker-approved platform makes it easier for traders to place trades more efficiently and quickly, improving your opportunities. This is aided by the fact that the platform is synced to up-to-date, with live information, ensuring that you have constant knowledge of what is going on.

These are the cheapest online brokers you can find anywhere. Not only are they affordable, these brokers also provide top-notch services and excellent trading opportunities.

vantage-fx Australia

Vantage FX Australia

Vantage FX Australia is one of the top Forex brokers in the country.

The broker is regulated in Australia, making it one of the safest platforms for regular Australians to use.

Vantage FX is famous, but does it live up to the hype? Read the Vantage FX Australia review below to find out more.

What is Vantage FX Australia?

Founded in 2009, Vantage FX specialised in Forex trading from the get-go. The company operated on five principles: transparency, accountability, integrity, reliability, and trust. Australians can get access to global Forex markets through Vantage.

Vantage FX is intended for both professional and casual traders. The company, unlike most brokers, doesn’t have its own trading platform. Rather, it relies on other platforms such as MT4 and MT5. Vantage FX promises clients fast execution speeds and great customer service.

Account holders can trade these financial instruments: Forex, indices, commodities, share CFDs, and, recently, cryptocurrency. The company’s ECN spreads for RAW accounts start from 0.0.

Traders can check out the Vantage FX signals.

vantagefx-signals

The company offers two different types of accounts for users. Individual brokers can sign up with Vantage to manage client funds as well. A great alternative to Vantage FX is City Index Australia.

Is Vantage FX Trustworthy?

Trustworthiness is the most important feature to look for in any Forex broker. Vantage FX is ASIC regulated. The company has a business address in Australia.

Vantage FX is professionally audited by the KPMG in association with the Australian Financial Services Licence. The company deposits client funds in National Australia Bank. As per regulations, client funds are segregated from company funds.

Vantage FX offers Professional Indemnity Insurance select persons, including employees, under ASIC rules. All in all, Vantage FX is a well-regulated Forex broker in Australia. The company is highly reliable in terms of its services.

Vantage FX Markets and Leverages

Vantage FX offers access to the following markets under certain conditions:

  • Forex—Australian clients can get access to global Forex markets on MetaTrader 4 platform with IG. The broker offers uninterrupted access and considerable levels of liquidity. Vantage FC offers as much as 500:1 leverages for the Forex market.
  • Commodities—Users can get access 24/7 to the global commodities market via Vantage FX. The platform facilitates leveraged trades. Available commodities include oil and precious metals like gold and silver. Vantage FX allows clients to speculate on very low trade volumes, sometimes as low as just 10 barrels of oil or an ounce of metal. Vantage clients can trade with maximum leverage on even sophisticated commodities markets like palladium.
  • Indices—Vantage FX gives access to 8 global stock exchange indices, including the London Stock Exchange, Dow Jones, and Japan’s Nikkei. Traders can gain access all day for 24 hours on working days. For indices, the broker offers a tool called oneZero for speculation as close to precise as it can get.
  • Cryptocurrency—Clients can get access to the hottest crypto markets via Vantage FX, including Bitcoins. You can’t own digital coins, but you can speculate on the price change volatility. Vantage FX allows hedging for crypto CFDs. However, unlike with Forex, no leverage is given.

Fees and Accounts

Vantage FX offers two types of accounts for new clients: standard and RAW. The standard account doesn’t charge a commission or any fees. It offers leverage of up to 500:1 for most trades. The spreads start at 1.0 pips. The minimum deposit requirement is $100.

vantagefx-servers

The RAW account is aimed at retail traders. It charges $3 per lot. The leverage is 500:1 just like the standard account. Minimum deposit is $500. The spread is very low and can start at 0.0 pips.

Vantage FX doesn’t charge deposit fees for any accounts. However, electronic deposit charges may still occur because of bank charges. Otherwise, Vantage FX doesn’t charge any account maintenance, subscription, or similar fees.

Both accounts offer a free demo version new users can try. Opening either a standard or RAW account will get you instant access to MetaTrader 4 on your desktop, online, or on a mobile device. You will also have access to trading services like ZuluTrade or Myfxbook AutoTrade.

Vantage FX accounts give traders access to 40 different types of currencies, seven commodities markets, and six indices. Crypto trading is enabled for both account types as well.

Benefits for New Users

Vantage FX has an education portal for new users called the Forex Training Academy. It’s essentially a crash course on how to trade on Forex markets and maximize your profits. However, you shouldn’t rely solely on this training material as Vantage FC is not licensed as a financial consultant.

The company’s main website has an extensive support and FAQ pages to help new users as well. This material gives a good primer on the trading platforms and how to manage your account. All in all, Vantage FX is great for new users who are still unfamiliar with the Forex trading environment.

Downsides

Vantage FX offers a number of benefits to users, but there are some drawbacks. Mainly, clients can only choose between two account options. It’s largely differentiated between casual and retail customers. Those in the middle may find the two options inadequate.

Additionally, clients can trade only using the MT4 trading platform. MT4 is widely regarded as a reliable and speedy platform. However, clients may prefer different trading platforms for different financial instruments. Unfortunately, Vantage FX doesn’t offer its own trading platform.

Alternatively you check check out all other CFD Brokers in Australia.

The broker offers excellent customer support infrastructure online. But when it comes down to actual customer support, they are slightly lagging. Customers have complained about the lack of immediate support to solve complex issues.

Conclusion

Vantage FX overall is a solid Forex broker option for professional and non-professional clients. Retail traders will certainly benefit from the RAW accounts the broker offers.

Clients can enjoy many benefits, such as wide, international access to the Forex market from Australia. The company is highly regulated so the level of trust is high. The software Vantage FX uses is top-notch. Free demos are available for anyone to try.

The downsides are minimal compared to the benefits. If you are a new or a casual Forex investor, Vantage FX is a great place to open an account.

cityindex australia

City Index Australia

Luckily City Index does accept traders from Australia.

If you are a trader looking for a new broker, then City Index Australia should definitely be on the top of your list.

It is equally suitable for both novice and seasoned traders, with enough features to allow everyone to place trades successfully.

Of course, this isn’t the only reason why this is one of the top rated brokers in Australia. If you want to learn what this broker has to offer, check out the details below:

City Index Australia – Features

If you are a trader looking for as much access as possible, you will find that City Index is a good place to start.

City Index Australia offers you:

  • access to over 4500 markets, worldwide.
  • For those interested in indices, you have a selection of 21 major indices to choose from.
  • You get to enjoy tight, fixed spreads from 1 point.

In case shares are more your style, you can go long or short on price predictions for local and global companies. The margins start from $5 and the commissions begin from $5 on Australian shares. Forex traders have the option of selecting from 84 different currency pairs with tight spreads from 0.5 points.

city index fx Trading

Traders with a focus on cryptocurrency will be pleased to learn that they can trade with Bitcoin, Litecoin, Ethereum, and Ripple.

What’s more, the CFD option ensures that you don’t actually need to own any of the currency to trade with. This isn’t the extent of this broker instrument options, though. You can also be involved with:

  • Commodities
  • Metals
  • Bonds
  • Options
  • Interest rates

As you can tell, with this broker you really are spoilt for choice. Regardless of the market or the instrument that you are interested in, you will be able to place a trade. What’s more, there are just as many options for local trades as well as international.

The Platforms at City Index Australia

This broker also offers a great deal of choice when it comes to platforms. Here you can select from three different options – the web trader, AT Pro, and MetaTrader4.

If you don’t want to go through the hassle of downloading a platform, you can stick with the City Index’s own web trader. This is a fully customizable platform that allows you to switch between multiple personalized workspaces.

At the same time, you get access to advanced charts and trading tools and a mobile app.

Australian trading app

If you don’t mind downloadable versions, then the AT Pro is certainly an option. It is particularly well-suited to more advanced traders that are looking for a platform with more efficient features.

This is personified by the fact that you can customize the layout as well as create your own trading templates. On top of this, you get access to dozens of charting tools and the ability to backtest all your strategies.

In case you are looking for something more familiar or easier to use, then the MT4 platform will be more suitable. Now, as you are probably aware, the exact performance of the trading platform is tied to the brokers.

So, you will be pleased to learn that City Index has been voted “Best MT4 Broker”. Therefore, in addition to all the top-notch features like custom indicators and personalized charting, you also get to enjoy tight spreads and fast trade executions.

The best alternative to City Index Australia is FXPro Australia.

The Demo Accounts

What’s great about all these platform options is that you don’t have to commit to any of them straight away. Rather, you have the opportunity to use demo accounts for each version. With AT Pro and MT4, you get to trade with $10,000 in virtual money. With the web trader, this goes up to $20,000.

City Index Australia Account Types

Continuing with the multitude of choice, City Index also offers traders the chance to select from quite a few different types of accounts. In fact, you will be hard-pressed to find similar account types with such brokers. There are options for both new, advanced, and multi-party traders.

If you are looking for something more pared down, then the Personal account will be a good fit. This is for novice, individual traders who are looking for competitive pricing and efficient executions.

You can also utilize the financial market experts associated with this broker, if you choose to.

If you have greater experience and want to step your trading up a notch, the Self Managed Super Fund account may appeal to you. Here, you have greater customization features, allowing you to manipulate the trades in a manner that is more suitable for your trading techniques.

For a more business-like approach to your trading, you can also open up either a Trust or a Corporate Trading account. If you prefer to share the trading burden with other individuals, it is just a matter of opening up a Joint account.

Now, there is no minimum deposit required for these accounts. However, the ability to open an account tends to be at the discretion of this broker. Therefore, you may only be granted permission to open up an account if all of your details align with the broker’s requirements.

Australian City Index Regulation

City Index Australia is regulated by ASIC and as such, falls under the purview of that agency. To be able to maintain this licensing, the broker is required to meet with rigorous standards. Due to this, traders who sign up with this broker can guarantee that their capital is safeguarded and that all trades that take place are legitimate.

Learning Materials – City Index

There are a considerable number of learning materials to access with this broker. For beginners, there are trading courses that include step-by-step guidance. In fact, you can even find information on how to place your first trade. More seasoned traders will find that there is just as much to learn as there is a lot of information on trading techniques and strategies. Traders making the switch from other brokers will be pleased to find that these education materials also detail how to place trades with City Index, specifically.

It is clear that City Index is a broker with a lot to offer traders of all sorts with different levels of experience. As such, it is suitable for anyone who wants to pursue a successful trading career.

fxpro australia

FxPro Australia

Is FXPro available in Australia?

FxPro is a well-known global Forex broker based in the UK.

Servicing over 150 countries, Aussies can open accounts with FxPro Australia.

Lets learn more about the broker in this FXPro review and see which are the advantages and disadvantages of this Australian friendly broker.

What is FxPro Australia?

FxPro is possibly the best known Forex broker in the world. The company first launched in 2006, and since its popularity, has only grown. FxPro also claims to be one of the leading Forex brokers in the world. The company has executed over quarter billion orders globally so far including orders from Australia.

FxPro offers financial instruments for both casual and professional traders. The main product offered is Contract for Difference (CFD) trading. CFDs are available for a variety of assets, including foreign currency exchanges, shares, precious metals, indices, energy, and futures.

Users won’t be able to directly trade with FxPro. Rather, it acts as an arbiter between traders and third-party trading platforms. The broker offers MetaTrader4 and MetaTrader5 as options for users. FxPro has its own branded platform called cTrader.

  • FxPro is based in the UK, but its reach is global, including Australia and New Zealand.
  • The company caters to a massive international clientele via subsidiaries in several countries.
  • FxPro has several licenses, being regulated by several entities.

Can Traders Register on FxPro Australia?

FxPro came to Australia in 2011. The company is licensed locally under FxPro Australia Pty Ltd in Sydney. This subsidiary services Australian clients under local regulations.

The Sydney subsidiary also acts as the headquarters for FxPro’s Asian operations. Nearly half of FxPro Australia clients are from Asian countries.

FxPro in Australia offers clients investment options not related to property or shares. The latter is traditionally popular among locals. Australians are also increasingly becoming interested in Forex trading. FxPro aims to offer reliable services on local terms.

FxPro Australia is open 24 hours, 7 days a week. The local subsidiary offers Aussie clients complete access to FxPro’s online, mobile, and desktop trading platforms. Aussies can also get fast and easy access to the broker’s 60 top trading currencies. The subsidiary also offers Aussies access to MT4 and cTrader software (with the Electronic Communication Network solution).

Australian Regulations and Licenses

FxPro is licensed under several state jurisdictions. In Australia, it’s authorised by the Australian Securities and Investment Commission (ASIC) under the license number of 405750. The ASIC allows FxPro to advise and cooperate with clients:

“in relation to foreign exchange contracts and derivatives.”

In addition, FX is licensed in the UK under the FCA and in UAE under the Dubai Financial Services Authority. The governments of Cyprus, the Bahamas, and South Africa have authorised the broker to operate in their nations as well.

FxPro is not CFTC regulated in the US or IIROC licensed in Canada. FxPro is not a listed publicly traded company.

Features of FXPro

The broker FxPro offers CFDs for 6 primary assets. These are:

  • Forex
  • futures
  • shares
  • spot indices
  • metals
  • spot energies.

CFD brokers allow investors to speculate on price changes for a certain financial instrument. Investors can thus profit without actually owning the profits. An alternative to FXpro is Xtrade Australia.

The broker promises high levels of liquidity and trade execution without intervention to clients. Moreover, the broker insures all client funds in major international banks. Client money is kept separate from company money to ensure trustworthiness and assurance.

FxPro offers several different types of account to clients depending on the trading platform. Users can start trading with a minimum of $1,000 on the cTrader platform. On MT4, the minimal is $500. The minimal deposit amounts are much lower: just $100.

Professional traders have a unique account option called PAMM. It allows a single trader to manage several accounts for other traders. High-rollers can choose VIP packages that charge zero deposit fees. VIP accounts also get a free VPS service and margin level alerts.

FXPro Commission Fees

FxPro’s spreads are considerably competitive. However, this depends on the platform. The spreads are better on the cTrader compared to other platforms it provides. On cTrader, a standard lot transaction incurs a $4.5 commission fee.

The broker offers a floating rate model for MT4 and MT5 trading platforms. Spreads here depend on the type of execution, though they can be roughly the same for both market and instant execution. On average, commissions for all-in spreads average around 1.53 pips. The pricing follows the standard trend compared to other brokers like Forex.com and Saxo Bank.

Trading Platform

FxPro has dynamic and innovative trading platforms. The MT4, MT5, and cTrader platforms are highly user-friendly. The platforms are designed to be simple and efficient for both professionals and beginner traders.

The automated trading systems offer a diverse array of asset classes and pricing options. The platforms are available in desktop, mobile, and web-based versions. Trading platforms allow users to choose between the type of spread and the type of execution.

It should be noted that not all platforms are available on multiple versions. MT5 is only available on desktop and mobile. MT4 has a “light” web version of the desktop version. cTrader is available in all three versions.

Overall, FxPro trading software is highly responsive and versatile. The mobile trading platforms are particularly convenient and are highly regarded. The mobile apps are available from third-party developers, however.

It should be noted that some features are not in-built to the trading platforms. For example, pricing and reporting features are not native and have to be customized by the user. New users may struggle in this regard.

Clients can try any of the trading platforms in a demo version. This doesn’t require making real trades.

FX Pro Australia Pros and Cons

FxPro doesn’t face major criticisms. However, some have pointed out that the type of platform in use affects trades. For example, how a margin call is handled differs on cTrader from MT4.

The type of account can also trigger different margin requirements. An account with high leverage options could suddenly stop on cTrader (but not MT4). Some accounts may be subjected to re-quotes without warning. But this type of problem is not unknown among other trading platforms that follow similar execution.

Pros and Cons

These are the main overall benefits of FxPro:

  • Highly trustworthy and regulated in Australia
  • Variety of CFD options
  • Client funds segregated and insured at major banks
  • Dynamic trading platforms
  • Highly regarded mobile apps
  • Demo of trading platforms available
  • Competitive spreads

The biggest downsides of FxPro:

  • Trades may occur differently depending on the platform in use
  • Account type may affect trade execution

Should Australian Traders Register on FXPro?

All in all, FxPro is a highly reliable and trustworthy CFD broker for Australians. FXPro has an Australian license and local clients can enjoy the offers uniquely tailored to them.

The broker offers an excellent trading platform with corresponding mobile apps. Leverages are competitive and options are many. It looks like FxPro does deserve the hype of being the best Forex broker in the world.

xtrade australia

XTrade Australia

Is XTrade available to traders for Australia?

When it comes to trading brokers, one of the top requirements is versatility and support.

If this is something you value, Xtrade will quickly become one of your favourite brokers.

Of course, these aren’t the only advantages offered to you by this broker.

XTrade does not accept Australian traders. But don’t worry because there are top alternatives like Highlow (AU regulated broker).

Unfortunately XTrade does not accept traders from Australia. Read this XTrade Australia review to see what are the alternatives.

Why Are Australians Not Accepted On XTrade?

The reason why Australia is not among the accepted countries on XTrade is that the broker does not have an Australian ASIC regulation. Here is a list with ASIC regulated brokers.

Luckily there are more than enough brokers for Aussie traders (for example Highlow).

What Does Xtrade Offer

xtrade appApart from the ETFs, this broker tends to offer CFD services for each of its instruments. The upshot of this is that you don’t have to physically own any of the assets that you want to trade with. Rather, you have the option to make a profit from the price movements alone.

There are some perks to trading these CFD-based assets with this broker. Namely, you don’t have to pay any commission and you get to enjoy fixed spreads. Also, leverage makes it easier to expand your position. Here are the conditions for each of the CFD instruments offered by this broker:

  • Indices: here, you get access to some of the biggest indices on the global market. You can also view real-time and continuous index rates, ensuring that you know how to open and close your position.
  • Commodities: there are so many different commodity assets to select from with this broker. These include soft assets like coffee and cotton as well as crude oil and metals. There is also the option to predetermine your market position as well.
  • Shares: here, too, you get access to shares in the global market, allowing you to make a profit without having to invest as much money. By setting automated limits on your trades and predefining your profits and losses, you can lower your risk level.
  • Forex: you have the opportunity to trade with major currency pairs, with the benefit of fixed spreads to boot. Traders also receive quite a bit of trading support and access to up to date information, making it simple for you to improve your position.
  • Cryptocurrency: you can engage in one of the most contemporary forms of trading, without having to take responsibility for the actual ownership of the cryptocurrency.

The Platform

There are two options when it comes to trading platforms – MetaTrader4 and the Xtrade WebTrader. The MetaTrader4 is one of the more popular platforms around and it isn’t difficult to see why. Its user-friendly features make it a good option for both novice and seasoned traders alike. To top this off, partnered with Xtrade, you also get to enjoy top-notch features like one-click trading and full Expert Advisor functionality. There are also lots of technical analysis tools to select from, allowing you to determine your position in a much more informed manner.

As for the Xtrade WebTrader, this negates the need to download any software. Instead, you can simply access this platform from virtually anywhere so that your trading has no limits. This isn’t the sole feature of the platform, however. For instance, this platform gives you access to highly accurate and up to date market analysis. You can also execute trades more efficiently and quickly allowing you to open and close positions that much better. There are also mobile versions of this platform, allowing you to trade on the go.

The Accounts

There is technically only one type of account you can open with this broker. The advantage of this, of course, is that you will not have to wade through a number of different terms and conditions to understand just what the advantage of each account is.

Another benefit of this account is that it is completely free to open and register. As you can imagine, though, you can only really begin trading once you have made a deposit. In addition to the main trading account, you also have the option to open up a demo account. This is activated as soon as you open a regular account. Nevertheless, the activation is subject to a minimum deposit.

If you don’t want to open up a regular account, you still have the option to only activate a demo account. However, the demo account that is opened alongside the regular account doesn’t have an expiration date.

Trading Support

When you open an account with this broker, you can expect a fair amount of trading support. This is largely in the form of technical analysis features. You are able to view economic calendars as well as receive Autochartist market news and reports. It is due to these elements that you will find trading with this broker to be highly accurate. All the trades you place can be verified to a significant extent.

XTrade Educational Materials

One of the features that really put this broker on the map are the educational materials. There are so many to choose from that you will find it easy to build yourself up from scratch, even if you are a novice trader. The beginner’s course, for instance, teaches you everything you need to know about forex trading as well as the forex market.

It isn’t just information on forex that this broker provides you with. You can also learn about commodities, cryptocurrencies, and trading CFDs. So, regardless of what you want to learn, you will be covered.

Yet another advantage is that the educational courses are offered in different ways. For instance, if you prefer a more traditional way of learning, there are comprehensive e-books that you can refer to. If you like something that is more interactive, there are plenty of video tutorials to select from as well.

XTrade Regulations

Now it should be noted that the brokerage is registered in Belize. This isn’t something to be alarmed about, as it is still registered. Instead of the ASIC, though, the broker is authorised and registered by the International Financial Services Commission in Belize. As a result, it needs to adhere to certain requirements and standards, if it wishes to maintain its license.

The above factors are the main elements you need to know about this broker. Unfortunately XTrade does not accept Australian traders, but maybe the will have an Australian ASIC license in the future. We will keep you updated.

By going through them, it is easy to note that this is a legitimate broker that has a suitable number of features for all kinds of traders to enjoy.

losing streak

Binary Options Losing Streaks

It is not something that traders like to think about but it is a natural part of the trading system. You win some, and you lose some.

The losses can be more deeply ingrained than the wins, however, and they can certainly hurt a lot more. Therefore, it is quite common for people to get frustrated and even turn their backs on trading completely.

Although it is not easy, there are ways of dealing with a losing streak with binary options trades. Here are some helpful tips to help you through this turbulent and disappointing time:

Examine the Streak

The first thing you need to figure out is just why you are ending up out of the money on all of these trades.

It could be that the market is simply not favorable towards your asset or that there is a great deal of volatility. Perhaps you are deviating from your trading plan or are not using the strategies that you typically do.

It can be difficult to admit to yourself when you have made a mistake. It is important to do, however, as it can help you learn from the error and make the necessary changes to improve the circumstances.

What is really essential is that you don’t just keep making the same mistake over and over again. You should also keep in mind that rarely is there just one aspect at fault. It is more likely that several factors are responsible for your current downfall.

Go Back to Your Demo Account

Clearly live trading is not working out for you so it is time that you take a break from that.

This doesn’t mean that you have to give up on trading altogether, however. Rather it is about reassessing the way in which you are placing your trades. It is also a good way to evaluate your strategy.

By using it in a non-risk environment, you are better equipped to determine if there are flaws in your strategy. It may turn out that you simply have been using the wrong strategy for the wrong trades.

Take a Break

As hard as you may try, it can be difficult to not let a losing streak get to you. This can cause you to doubt your strategy, yourself, and the entire form of trading.

This is why, every now and then, it can be good to take a little break. Sometimes you just need a week or two to help you clear your mind and get your head back in the game.

This also helps you get some fresh perspective on your situation. Even if you continue to experience losses, it will be a little easier to bear with them as they will not have been back to back.

Manage Your Money Well

One of the biggest risks with losing streaks is that you can stand to lose all of your money. As tempting as it may be, avoid pouring in additional money to stem the loss. Instead, continue with your money management strategy as long as it is a safe and logical one.

Of course, if your funds are running low, you may want to reduce how much you are placing on each trade.

This is quite important if your strategy carries a high amount of risk. If your strategy is not quite so risky, you don’t have to lessen your investment by all that much.

These are some pointers for dealing with a losing streak with binary options trades. You need to remember that this streak will not last forever. Eventually, you are going to start placing in the money trades and making a profit once more.