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Unfortunately he not only found that Forex Peace Army explicitly do not allow the editing or deletion of any review whatsoever when posted — What kind of 'review' website does not allow for editing or deletion? After reading through their responses to own users on their website, the 'staff' come across as childish and it feels as if this 'business' is managed by very young, un-trained and again, arrogant and disrespectful people.

It's absolutely no surprise to then come here to TrustPilot to find the majority of reviews being negative. I genuinely feel this is some type of scam to perhaps attract advertisers whilst simply laying the rest of the site out as a 'let's just let people do whatever they want without interfering' situation.

Avoid at all costs. Scam website only interested in negative reviews. Awful arrogant customer service. Popular and interesting site for forex traders with strict moderation. Extremely unprofessional, they edit reviews, they only publish negative ones, unless you work with them and pay them.. Has been a great area of information for me. I would definitely recommend.

Even as the world still experience slow recovery in terms of economic meltdown due to the recent Covid outbreak, it is best advised to find another alternative to make good income. For me cryptocurrency has been one of the best alternative mostly Bitcoin as the leading asset. Involving in day trading backed with a very accurate signals and strategy is the best way to grow a very strong portfolio when it comes to bitcoin trading properly guided by a pro trader.

At this stage, i still encourage traders to buy and also with the little you hold, it is much advisable to find a better working strategy to build a strong portfolio ahead of the up-rise, This of course is a good time for me and its been going on for months now, because i have been trading with Mr Luis daily signals which has proven to be very profitable several times and have been using since the bear market, with which have been able to make at least 6. Luis daily signals are very accurate and always yields a great positive return on investment and is always available to give a helping hand, He can be reach on Telegram LuisT62 for inquiries into profitable trading system.

Top educational platform and forums to discuss and learn from traders and get a feel for what works and what to watch out for. Top job. I have actually experienced the problems pointed out here. I find this website very cool. It has all the forex talks, trends, strategies that people go for.

I personally find it very helpful and exciting. Yes, is scam site, just check forexpeacearmy. A good place to find reviews of brokers, chat on forums with other traders and get some analysis etc. Overview Reviews About. See business transparency. Write a review.

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Forex traders are simply investors in currencies. Investors aim to profit by buying a currency they believe will increase in value relative to another currency , or by selling a currency that they believe will fall in value. Later on in the article, we break down an example of a forex trade to further explain this advantage.

Plus, only a small amount of capital is needed to get started. This is different from other investment options such as cryptocurrency , gold , and others. From Monday through Friday, the market is open 24 hours a day. Like stated before: forex traders are simply investors in currencies. Forex can be both a short term and long term investment — short term strategies focus on buying and selling currencies in response to short term fluctuations while long term strategies focus on buying and holding.

The instruments traded in the forex market are currency pairs. Whenever you make an investment in the forex market, you are essentially buying or selling one currency against another. All the major pairs include the US dollar as one of the two components. Okay, so how does an investor trade currency pairs? Keep in mind the basic fact that, in forex trading, you are always trading the value of one currency relative to the value of another currency.

Stronger economies typically have stronger currencies. Relatively weaker economies typically have relatively weaker currencies. Currency pair price quotes are generally quoted to either the fourth or fifth decimal place — for example, 1. The fifth decimal place represents a tenth of a pip. The difference between the exchange rate of 1. The difference between 1. Make sense? What does that mean?

One unique note is that there are no restrictions in forex trading on short selling like there are in stock trading. Make sure that you have enough money in your trading account to cover the necessary margin, plus allow for the market to move moderately against your position at least temporarily. You can also place a stop-loss order to minimize potential losses. Large price moves can occur suddenly in the forex market.

It is, therefore, recommended that you always trade using protective stop-loss orders. Minimizing risk is critical to successful forex trading. A forex trade beings with an investor placing an entry order. In this instance — a Take Profit order — the investor has specified the exact price to close out his or her position. This exact price is 1. If the investor no longer thinks so for example if there are signs of possible weakness in the market then he or she may decide to close out the trade with the existing profit.

A stop loss order is designed to limit loss. The bid is the highest price currently offered to buy the pair, and the ask is the lowest price currently offered to sell the pair. As with trading any investment market , there both advantages and disadvantages of forex trading.

Most forex traders rely heavily on technical analysis to guide them in initiating and exiting trades. One of the first choices a forex trader must make is what time frame s he or she wants to trade. Long-term or intermediate-term traders most frequently chart price action on the daily or weekly time frame, although they may also look at market action through the lens of the four-hour, or evenly the hourly, chart.

Day traders may plot their trading moves on time frames ranging from one minute all the way up to the daily charts. Which currency pair s do you plan to trade? Some traders focus their efforts and only trade one currency pair. Forex brokers provide their clients with a wealth of technical indicators to choose from and apply to charts.

A simple technical strategy might employ two moving averages, one faster such as a period average and one slower such as a period average. The trade entry signal with such a strategy is the faster moving average crossing over the slower moving average. If there are bugs or technical problems, technical support quickly fixes them. I have not yet found negative reviews and it makes me really happy because I became their client.

I decided to engage in trading and I hope for fruitful cooperation with this company. Stability is a guarantee of reliability. I had no problems upon acquaintance with the broker. I opened an account and started trading. I registered as a trader through my affiliate link.

I received an affiliate commission and used this commission in trading too. Everything is running smoothly so far. The high-quality platform, good flexible conditions. I think that everyone should like it here. I have not encountered any problems; everything works fine. Trading is easy as a candy for a baby, with such a good platform having a convenient interface. There are a lot of tools, the spread is one of the best among the well-known regulated brokers.

I withdraw money often, there are no restrictions, the money arrives within one day, and they provide a huge choice of ways of withdrawing and replenishing. Pretty convenient broker, as it seems to me. I have tried to trade with different companies, but this is the best option. In addition, the profit will amaze you. Basically, I do not need a large choice of tools from a broker. For me, XM broker is a priority due to excellent spreads. Perhaps in the future I will come to professional trading and reconsider my relationship with a broker.

However, for now, it makes me happy that I can get extra income without much effort and investment. XM Broker can be safely recommended to those who are interested in professional trading with high order processing speed and optimal level of commission. The first thing worth noting is that it has licenses of three leading regulators in the world simultaneously.

The second moment is the types of accounts. The broker guarantees the same quality of execution for all types of accounts, which means a minimum of requotes, slippages and instant overlap of orders with counterparty counter transactions. The level of leverage complies with the European standards including the MiFID directive that all CySEC licensees work in accordance with - up to 1: with a deposit amount of up to 20 thousand US dollars.

Above this limit, 1: leverage is available. There is an average market spread. Attractive trading conditions for novice traders are also worth noting. The minimum deposit is 5 US dollars; there are cent micro accounts with a lot equal to 1, units. Thanks to its elaborated service and high-tech platforms, XM Broker is rightfully one of the best companies in the Traders Union rating. XM Broker broker is focused on providing professional trading services, because its policy does not provide for passive investment programs.

However, as an aid to active traders, the company provides several support services, which are worth considering in more detail. MQL5 is a community of traders from all over the world located on the platform of MetaQuotes company, the developer of Metatrader platforms. XM Broker offers direct access to MQL5 trading signals from traders with productive trading for more than 1 month. In addition, traders get direct access to the programming environment directly from within the broker's trading terminals.

Disadvantage: signals are provided for 1 month, after which the question about paying for a subscription appears. One trading account can be subscribed to only one signal provider. Our professional team will take you through all the intricacies of the deal and all the steps from signing up to withdrawal of profits. Signals are available for the owners of real accounts and are provided for gold, oil, 2 stock indices and 10 currency pairs. The frequency of signals is 2 times a day.

XM Broker offers only one variant of affiliate program with the following conditions:. Affiliate program profitability statistics is available in your Personal Account. The rebate service of the Traders Union offers you to further reduce trading costs by compensating daily for the part of the spread that you spent during trading with XM Broker. If you have not opened an active trading account yet, at XM Broker you can do this for free by clicking on the partner link at the Traders Union website.

Preliminary registration is required at the Traders Union website. It is free. Compensation is accrued on both profitable and loss-making transactions, including automatic trading using MQL5 signals. Regardless of the type of account, the Traders Union remuneration is 10 US dollars for each full lot. On all accounts except Micro, 1 lot corresponds to , units.

For 20 working days of the month, the trader will conduct transactions in the amount of 20 lots. Trading conditions of XM Broker are ideal for both novice traders and professionals. There are cent, standard and ECN accounts, loyal minimum deposit requirements, a relatively large leverage. To test strategies, get acquainted with the functionality of platforms and test their potential, a demo account is provided. Traders Union analysts have analyzed the main and additional commissions for each XM Broker account.

There are no additional commissions on all accounts except Shares, which provides exchange commission for the fixed volume of transactions. There are no hidden commissions; there are no commissions for replenishment and withdrawal of money.

There is a floating commission for shifting transactions to the next day swap - the size depends on the market situation. Besides, the Traders Union analysts prepared a comparative analysis of the main commissions of XM Broker with the similar commissions of competitors and conducted a comparative assessment.

XM Broker offers fairly medium rates that are comparable to the quality of services provided. You can further reduce trade costs with the help of a rebate from the Traders Union. XM Broker broker is one of the leading European brokers working in the Forex services sector for more than 10 years. During this time, the company has developed an innovative technological base that allows it to outperform its competitors in many respects. First of all, we are talking about the speed of orders execution and minimal slippage.

It sends client orders directly to liquidity providers or to the ECN network. The XM Broker team decided to concentrate directly on providing active trading services. Constantly improving platform technology and data transfer, XM Broker has been able to achieve good results in this direction. The company offers more than 1, different trading instruments. XM Broker is one of the few brokers that added to classical instruments such assets as cotton, palladium, CFDs for shares of individual companies - there is everything for building complete correlation trading systems and a diversified investment portfolio.

In the future, the addition of cryptocurrencies is expected. European regulation XM Broker is licensed by 3 regulators. Classic MT4 and MT5 platforms in various modifications, but still the same familiar to most traders. There are micro accounts for novice traders, standard accounts and ECN accounts. There are daily Forex webinars and free signals. XM Broker focuses on active trading, that is why there are no PAMM accounts and direct copy trading here, traders can directly connect to the MQL5 service from the platform, where you can copy tradings of individual traders, take part in algorithmic developments or discussions of trading topics.

You can get acquainted with the potential of XM Broker by opening a demo-account. The bonus is credited instantly upon the first replenishment of the deposit. Provides for the accrual of a credit bonus of 10 US dollars for each lot to close a trading position. It has a limited validity period, the expiration date of the offer is indicated in the Personal Account.

They have a limited period of validity and are periodically repeated stay tuned for updated information at XM Broker website. Participation in promotions gives you the opportunity to participate in sweepstakes and lotteries with real cash prizes.

There may be requirements for a minimum deposit balance. Accrued depending on the turnover. The greater the turnover, the higher the status of the trader and the more points are awarded to him, which can be exchanged for credit bonuses. Traders Union offers all customers of XM Broker an opportunity to save even more by using the rebate service.

Follow the link to XM Broker website, open a live account, earn money and receive partial spread compensation on the Traders Union account every day. Read here about how to link two accounts together, or contact the Traders Union customer service. XM Broker has dedicated a separate section to training, which focuses on video content. Novice traders can watch the video, which describes the basic functions of the broker's platforms.

There are also webinars and seminars conducted repeatedly at the site. The subjects are the most diverse - from the basics of fundamental and technical analysis to the development of trading systems. All these tools are more of an auxiliary nature, giving traders the opportunity to build up their own experience and their own views on trading systems and trading. All customer accounts are separated from brokerage accounts for operating activities and are in the European banks.

XM Broker works with almost all types of payment systems and electronic wallets. Several credit cards, payment systems, bank transfer, replenishment through local banks are available to traders. Detailed information on replenishment and withdrawal methods can be found in the Personal Account. Withdrawal procedure is regulated by the broker's internal documents and provides for prioritization.

The priority is to withdraw to credit and debit cards, then, electronic wallets are among the priorities. The time for processing a request is 24 hours, withdrawal time is in accordance with the technical capabilities of payment systems up to 5 business days. The number of requests is unlimited.

The withdrawal currency corresponds to the deposit currency; in case of a discrepancy, the broker automatically converts it at the average exchange rate. There are no commissions for withdrawing and replenishing funds. Customer service is available to each user around the clock 5 days a week except holidays.

Before contacting customer service, look in the Questions and Answers section - maybe the information you are interested in is already there. You can start working with XM Broker by opening a real or demo account, for which you need to click one of the buttons on the broker's main page. The initial deposit amount of the demo account is , US dollars, but after its opening, you get access only to the platform.

To gain access to your Personal Account, registration of a real account is required. Be sure to indicate the platform and type of account. Data is entered in Latin letters. The account number, which is your login, will be sent to the indicated email address. In the future, you will need to download the platform from the broker's website and tie this account to it.

Having received the data, we enter the Personal Account. Please note that registration takes 10 minutes and provides only the opportunity to get acquainted with the functionality of the Personal Account. For further registration and subsequent trading, you need to go through verification. Access to trading signals, customer service, to the Invite a friend affiliate program. Then we started making by trading currency pairs. We were helped in this by training programs that we continue to master and we really like it.

In the future, we plan to broaden our horizons and start using other trading tools. There were never any problems with the withdrawals. We are satisfied with the company. We wish you all good and easy additional earnings! In cooperation with XM, I, unfortunately, did not manage to avoid slippage. However, unlike with the other brokers, I liked the quick response to my inquiries from XM. A big advantage for me is the various options for working with currencies, although I have not yet reached the earnings I need.

As a novice trader, I was very afraid of the risks. That is why I decided to start my activity by opening a demo account. Slowly, step by step, I am mastering the skills of Forex trading. XM proved to be an efficient and easy tool. The terminals are user-friendly, the customer service is friendly and fast.

So, I decided to start earning with this very broker. I have great hopes for our cooperation, because I see how dynamically this broker is developing. As a professional trader, I decided upon XM. I am satisfied with good service, low spreads and quick response of the customer service to any inquiries.

In addition, a large selection of working tools gives good chances for a further expansion of activities, and, accordingly, an increase in income! This is why I continue my cooperation with XM broker. My wife began to earn at the forex market first. However, I saw that she had certain difficulties in working with a broker.

Of course, I decided to help her choose the right tools for her business and, which is the most important, the right broker. Thus, I joined the search for this right broker. We settled on XM Broker. My wife is quite happy, and I began to earn by trading currency pairs. We are generally satisfied with the work of the broker, especially since we are going to buy a new house. I have been engaged in trading for more than five years. As a broker, XM attracted me with its mobility and the availability of a large choice of trading instruments for professional activities.

I am glad that the company does not stand still, but is actively developing together with its customers I intend to continue improving my skills thanks to XM tools. Thank you for the cooperation! XM Broker was recommended to me by a friend who had been working with it for 1 year and was very pleased with the spreads. As a broker, XM was to my liking because of the good service, which cannot be said about many other brokers.

And while I'm getting used to this new business for me, working with XM is convenient and quite simple. During this time, he has written more than analytical articles on technical and fundamental analysis, reviews of financial companies and has developed more than 10 proprietary trading systems. John's motto is to help everyone go from a novice to a professional trader. Do reviews by traders influence the XM Group rating? Any review can raise or lower the rating of any broker in the general list of brokers.

To read reviews about XM Group you need to go to the broker's profile. To leave a review about XM Group, register on the Traders Union website or you can also leave a review through Facebook. Anyone can leave feedback about XM Group on multiple participating clients; however, Traders Union clients also receive additional payments later for working with any broker listed at the Forex market.

Because you will receive additional payments from Traders Union every day while all other functions on your chosen trading platform remain the same. Overall rating 9. Open an account. Davis J. Robertson A. September Open an account Benefits of opening an account through TU. Top 3 Reviews. Latest Comments. Expert Review.

Analysis of XM Group. Dynamics of the Popularity. Investment Programs. Trading Conditions. Detailed Review. Client Area of XM Group.

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Vantage FX is considered average-risk, with an overall Trust Score of 79 out of Vantage FX is not publicly traded and does not operate a bank. Vantage FX is authorised by two tier-1 regulators high trust , zero tier-2 regulators average trust , and one tier-3 regulator low trust. Learn more about Trust Score. The following table summarizes the different investment products available to Vantage FX clients.

Regardless of the platforms used, the trading cost at Vantage FX depends on the account opened. For its Raw ECN accounts, average spreads are 0. However, it is only available on the Standard account, which has the highest spreads from among all the account options available. Vantage FX distinguishes itself from other MetaTrader-only brokers by offering a diverse range of additional add-ons and compatible 3rd party platforms and tools.

As a result, Vantage FX is a top contender for inclusion in our best MetaTrader brokers category in The broker also has some basic features, such as an economic calendar and client sentiment data. My only issue is they are highly-templated with pre-recorded parts that repeat across every video. Calendar: The Featured Ideas are useful for traders looking for trading signals and actionable ideas, while the Analyst Views are more of a templated analysis driven by automation.

That said, Vantage FX should fully integrate trading into its client portal or research into its trading platforms. Overall, Vantage FX does not offer a comprehensive range of educational articles for traders. Pro Trader videos: Besides platform tutorials for MetaTrader and related available platforms, Vantage FX provides a library of over videos as part of its Pro Trader videos. Content ranges from short introductory clips for beginners to longer advanced concepts across forex and CFD trading across various markets, including cryptocurrencies.

I found many of the videos produced by Trading Central useful. Charting offers only five time frames, one chart type, and a handful of indicators and overlays. On the plus side, tapping on the chart launches it into full-screen mode in landscape view, which is a nice touch. Integrated features: I found the multiple advertisements within the Vantage FX app to be a distraction from the trading experience. I'd rather avoid ads when using a mobile application for trading.

Limitations: For a new mobile application, the Vantage FX app still has measurable room for improvement, and I look forward to its evolution. For example, only one study overlay can be chosen at a time, from among four available within the charts, and likewise, the same for five indicators.

In contrast, charting from Plus comes with over indicators and permits multiple at a time. Vantage FX distinguishes itself from other MetaTrader brokers by offering additional platforms, including from Zulutrade, and DupliTrade, along with its proprietary mobile app helping to round out its offering. For example, offering a broader range of in-house written content would help balance its offering, which otherwise consists primarily of third-party materials, including video.

Meanwhile, the Raw ECN account features a lower all-in cost compared to its Standard account offering. As an authorized representative of Vantage Global Prime, the broker caters to retail traders under the Vantage FX brand in Australia, and the rest of the world through its Cayman Islands entity. With respect to margin-based foreign exchange trading, off-exchange derivatives, and cryptocurrencies, there is considerable exposure to risk, including but not limited to, leverage, creditworthiness, limited regulatory protection and market volatility that may substantially affect the price, or liquidity of a currency or related instrument.

It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable, or that they will not result in losses. Steven previously served as an Editor for Finance Magnates, where he authored over 1, published articles about the online finance industry. Steven is an active fintech and crypto industry researcher and advises blockchain companies at the board level.

Over the past 20 years, Steven has held numerous positions within the international forex markets, from writing to consulting to serving as a registered commodity futures representative. All providers have a percentage of retail investor accounts that lose money when trading CFDs with their company. You should consider whether you can afford to take the high risk of losing your money and whether you understand how CFDs, FX, and cryptocurrencies work.

The ForexBrokers. Below is a slow and steady large forex account managed from January 1st through the end of July about 7 months. The main focus with this larger account was to return slow and steady, while keeping drawdown to a minimum. The strategy employed was a mean reversion system focused on higher time frame swing trades. Below is a trading account Nick traded during the unique covid market crash with a strategy specific to crash-like environments high risk, high reward, volatility based.

An additional note about this trade: Nick initially took trades on this account on US30, which resulted in some skewed positive results. In the interest of transparency, the trades opened resulted in much larger than expected returns, due to the high levels of volatility and contract size trading this instrument. Following the image below is a link to a video where Nick shows this account on his MyFxBook account. Please note, MyFxbook can be manipulated using the "inspect element" tool in some browsers, but refreshing the page nullifies this.

Nick makes sure to refresh the page in the video below on camera to load the account and display results. In this video, Nick talks about a great trading month he had in April , but puts it in context with some of the drawdowns he experienced the month before. All accounts shown are real verified accounts, and Nick points out how he worked his way out of a drawdown and into a solid profit overall. In this video, Nick is trading one of his accounts, showing it is a real account in the top left.