Forex BackTesting: Pros and Cons | Best Free Backtesting Software to Explore
Imagine you're driving from New York City to Philadelphia and want to know if your route is optimal, then you take two steps: Firstly, you gather the traffic records in the past five years, including traffic patterns, historic weather conditions, and holiday congestion records. Second, you run simulations of your proposed road to see if it is most efficient and fuel-saving before an actual trip.
City Index Review 2025: Trading Accounts & Withdrawals to Explore
Founded in 1983, City Index is a long-established online trading platform specializing in CFDs on an extensive range of markets covering Indices, Shares, Forex, Gold & Silver, Commodities , spread betting (for UK clients only) , future trading. City Index features comparably low forex trading fees, simple and quick account opening process, ideal for retail investors to experience trading process here. However, this broker does not support social trading and provides limited cryptocurrency choices.
Solidinvesting-Overview of Minimum Deposit, Spreads & Leverage
Solidinvesting was registered in Saint Vincent and the Grenadines. It offers trading services related to forex currency pairs, commodities, and indexes. Besides, it provides 3 types of accounts, among which the minimum deposit is $250 and the maximum leverage is 1:300. However, it is not regulated, and potential risks cannot be ignored.
Spectra Global
Founded in 2023, Spectra Global is an unregulated fianancial broker registered in Mauritius. It offers trading in Forex, CFD Stocks, Indices, Commodities, and Futures with three tpyes of account (Gold, Platinum, VIP). Moreover, it provides traders with MT5 and Spectra Global Trader platform. Demo accounts are also available and the minimum deposit requirement to open a live account is $100.
Midasama
According to WikiFX's investigation, there is no regulatory approval or oversight from any recognized financial regulatory organizations.
ECG Brokers
ECG Brokers is an unregulated broker registered in Mauritius, offering trading in forex, stocks, cryptocurrencies, commodities, and indices with leverage up to 1:500 and spread from 0.6 pips via the MT5 platform. Demo accounts are available but the minimum deposit requirement to open a live account is as high as $500.
FALCON
Registered in the United Kingdom, FALCON is a global brokerage specializing in Fertilizer products. P2P trading on Falcon Platform as well as traditional voice broking services. FALCON also provides 6 major brokerage services.
MMC
MMC, also known as Matsuda Markets Capital Management Ltd., is a UK-based trading company that has been in operation for the past 1-2 years. However, their regulatory license raises suspicions about their credibility, and caution should be exercised when considering them as a trading partner. The minimum deposit required by MMC is $1,000, which may be a barrier for some traders looking to start with a smaller investment.
Pure Market-Overview of Minimum Deposit, Leverage, Spreads
Pure Market was registered in 2016 in Vanuatu, which is a broker offering trading services related to FX pairs, metals, CFDs, indices, and commodities. It uses MT4 and MT5 as trading platforms, and it provides 2 types of accounts, with a minimum deposit of 100 EUR/USD and a maximum leverage of 1:200. However, this company is offshore regulated and it holds a clone license, which means potential risks are high.
BLUEOCEAN ASSET
BLUEOCEAN ASSET is a broker incorporated in the United Kingdom in 2018 that offers cryptocurrency trading. It gives traders 4 account investment options and offers referral commissions. At present, the brokerage does not provide information about the trading platform and is not regulated.
MC
MC is an unregulated brokerage company registered in China. While the broker's official website has been closed, so traders cannot obtain more security information.
Koderan Forex- Some Important Points about the Broker
Koderan Forex is a brokerage company registered in Belize that provides various services and products covering forex, metal, and energy. However, the broker's official website has been closed, so traders cannot obtain more security information.
Vertical Markets
Vertical Markets is an unregulated brokerage company registered in China. It focuses on stock trading and provides the popular MT5 platform.
Union Forex
Union Forex is an auto trading platform services provider. The auto trading services include 6 major packages, such as Basic, Bronze, Silver, Gold, Platinium, and VIP. The minimum deposit is $999. Union Forex is still risky due to its unregulated status and inaccessible office website.
WinnerFX
WinnerFX, a broker incorporated in the Seychelles in 2013. For traders, it mainly provides trading products such as Forex, Precious metals, Cryptocurrencies and Shares, and supports trading using MT4. There are also 3 types of accounts for traders to choose from. At present, WinnerFX is still unregulated, and there is a loss of security.
Square FX
Square FX's official website:https://www.squarefx.uk/ is currently inaccessible normally. Square FX was founded in 2012 and is based in the United Kingdom.
Oliver FX Limited
Oliverfx is an unregulated broker based in the United Kingdom. Oliverfx offers various market instruments, including Cryptocurrency, Forex, Oil, Metal and Index.
Gildencrest Capital
Gildencrest Capital, founded approximately 10-15 years ago, is based in the United Kingdom. The company is regulated and offers a wide range of trading assets, including Forex, CFDs, Commodities, and Indices. Traders can access MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms, along with mobile options for Android and iOS. Gildencrest provides multiple account types, such as Starter, Premium, ECN, Pro, Corporate, and Demo. Minimum deposits start at $100, with leverage up to 500:1 for professional clients. Spreads and commissions vary across account types, with spreads starting from 0.6 pips.
Velos Technology Limited
Founded in 2021, Velos Technology is an unregulated financial company based in the Virgin Islands. It mainly provides forex and offers MT4 and MT5 platform.
Why Most Forex MLM Participants Never See Profits?
Forex-related MLMs have garnered significant attention, often for the wrong reasons. These Multi-Level Marketing (MLM) schemes typically promise participants substantial profits through foreign exchange (forex) trading, but the reality is often quite different. Here's a closer look at the phenomenon:
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