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Friday, 19 September 05:47 (GMT -05:00)


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Foreign exchange market

New Account Types at NordFX


Despite its young age (2008 – year of establishment), NordFX, a division of Nord Group Investments Inc., an investment financial company, is well known globally, including in the post-soviet space. During this short period of time NordFX managed to be nominated the Best Foreign Currency Broker, the Best Platform for Retail Trading in Foreign Currencies, the Best Foreign Currency Trading Expert etc. This is the broker that real pros of the forex market trading and absolute newcomers who are only starting to master the ins and outs of trading in the international forex market cooperate with.
 
NordFX has many features appealing for the trader, including an abundance of accounts the broker offers to its partners. Choosing the account is entirely up to the trader who should take into consideration his or her experience, available capital and the trading platform they use.
 
Micro
It best suited for beginner traders who are still preparing for real money: the minimum deposit – $5, the minimum lot – 0.01, leverage – 1:500, 21 currency pairs.
 
Welcome!
Intended for people who want to find out how the broker works. Similar to the Micro account. However, $8 is credited to the trader's account straight away. Margin Call/Stop Out – 40%/20%.
 
Standard
The name speaks for itself. The minimum deposit – $50, the minimum lot – 0.1, leverage – 1:200, 44 currency pairs plus gold and silver, Margin Call/Stop Out – 40%/20%.
 
Standard-MT5
Intended for trading through MetaTrader 5 (NordFX offers its traders as many as four different platforms). Terms and conditions are mainly similar to those in the Standard account.
 
Premium
For VIP partners. The minimum deposit – $50,000 plus custom services and lower spreads for currency pairs.
 
MT-ECN
Suitable for experienced traders and helps to minimize costs. Operates in MetaTrader 4 with prices streamed directly from ECN Currenex, without any adjustments. The minimum deposit – $1,000, the dynamic spread – from 0 pips, the maximum lot – 20 (with an increment of 0.1).
 
Integral
For hugely experienced pros who can work through NFX Trades or by using the FIX protocol. The minimum deposit – $20,000, the dynamic spread – from 0 pips, the maximum lot – unlimited.
 
CQG
For those accustomed to trading through the globally acclaimed CQG Trader platform. The minimum deposit – $50,000.
 
Late last year NordFX offered its traders another account type:
ZuluTrade
NordFX was able to introduce this account through close cooperation with ZuluTrade, a major automated trading developer in the international forex market. By using the ZuluTrade account, the trader can trade both manually and automatically. This account is characterized by the following features:
• Minimum deposit — $50 (or €50).
• Leverage – 1:200;
• 44 currency pairs, gold and silver.
• Minimum lot – 0.01.
• Maximum lot – 50, increment – 0.01.
• Spreads – from 1 pip;
• Maximum volume of open trades — unlimited.
• Number of open trades and pending orders – unlimited.
• Margin Call / Stop Out – 40% / 20%.
• No Trailing Stop support.
• Automated trading based on laws of logic and rules out emotion.
• A wide selection of signal providers.
• Exclusive signal provider rating system.
• Trading any time of day and night (even if the PC is off).
• Full control of the account.
 
A fee is charged from this account for using the ZuluTrade system (further details of amounts are available at the broker's official web site, www.nordfx.com).
 
Regardless of the account type that the trader chooses at NordFX, it is easy and fast to open as you don't have to prepare a pile of papers and send them by mail. Just fill out a short form on the broker's web site. Accounts can be funded online through such electronic payment systems as Webmoney, Liberty Reserve, Moneybookers etc. When transferred, funds become immediately available in the trader's trading account.
 
NordFX holds a very high second place of the Supreme League in the Forex Brokers' Rating of the Masterforex-V Academy. Almost a third of the points NordFX won in the Forex Brokers' Rating comes from traders as a result of their positive feedback on this broker's service.

 

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US Dollar Gains Value And Sets New Local High At 84,81 After Fed Meeting Results

 

Today, on September 18th, the US Dollar index, which indicates the strength of the American currency against a basket of 6 other currencies, continues its way up to new local highs. The thing is that this morning, the index managed to gain 0,38% to set the new high of the year at 84,81. The rally resumed as a response to the results of the latest Fed meeting. In particular, the Fed left all of its policies unchanged. However, the central bankers warned the world about the likelihood of monetary toughening in longer-term perspective.
Publication date: 18 September 06:10 AM

Masterforex-V Academy: Who Cannot Enter Masterforex-V Expo’s Ultimate League of Forex Brokers and Why?

 

Sooner or later, any Forex trader has to face the challenge of choosing a reliable broker, which will help him/her to succeed in Forex trading in the long run. The thing is that depositing is easy with any broker, both a scam and a truly reputable one. However, when it comes to withdrawing funds, only reputable brokers can withdraw money without delays and questions and lame excuses, which is certainly not the case with minor brokers and scam brokers.  
 
Publication date: 17 September 03:33 PM

EURUSD Still Trades Around 1.2960

 

The currency pair managed set another local high at 1.2994 yesterday. This thing happened closer to the end of the American trading session. EUR/USD managed to go up to set another local high after overcoming to resistance in the form of the top of the range between 1.2858 and 1.2962. It should be noted that the currency pair used to be consolidating within the scope of the mentioned range for 5-6 days. Therefore, yesterday’s European and American trading sessions were mostly dominated by the buyers. Surprisingly, the common currency managed to gain some value amid weaker-than-expected figures coming from the Eurozone.
Publication date: 17 September 01:11 PM

EURUSD Trades Close To 1.2960

 

The currency pair has been bullish since the beginning of today’s European trading session on September 17th.  
 

 

The currency pair managed set another local high at 1.2994 yesterday. This thing happened closer to the end of the American trading session. EUR/USD managed to go up to set another local high after overcoming to resistance in the form of the top of the range between 1.2858 and 1.2962. It should be noted that the currency pair used to be consolidating within the scope of the mentioned range for 5-6 days. Therefore, yesterday’s European and American trading sessions were mostly dominated by the buyers. Surprisingly, the common currency managed to gain some value amid weaker-than-expected figures coming from the Eurozone.
Publication date: 17 September 07:11 AM

EURUSD: Euro Keeps Regaining Value Against Dollar

Yesterday, the currency pair set another local high at 1.2994. This occurred during the American trading session. EUR/USD rallied up to the local high after breaking above the top of the 1.2858-1.2962 price range, which was a pretty wide one. The price used to consolidate within the price range for almost a week. So, yesterday’s trading session were mostly won by the bulls. Strange as it may seem, but the currency pair gained value amid weak stats from the Eurozone.
 
Publication date: 17 September 06:55 AM

Forex. USDCHF: Dollar Rallies Against Franc

 

Switzerland’s producer prices and import prices continued their way down in August 2014, as reported by the Swiss Federal Statistical Office. At the same time, the Swiss National Bank expects the period of low inflation to continue longer than expected.
Year over year, the PPI and import price decline reached 1,2% in August after July’s decline of 0,8%. As we can see the downward tendency accelerated over the reporting period.
 
Publication date: 16 September 04:15 PM

EURUSD Goes Up to 1.2966

 

The key currency pair, which is EURUSD, is still trading within the scope of the 1.2858-1.2962 price range. The current trading range has been underway since the middle of last week.
 
Publication date: 16 September 09:30 AM

US Dollar and Forex: This Week’s 5 Key Drivers

 

Without any doubt, the Fed’s meeting is the event of the week. Millions of retail and institutional traders around the globe are looking forward to seeing the result of the meeting since this one will be influencing all financial markets thanks to the future monetary policies, including the intentional to start raising interest rates. On top of that, the Fed’s meeting will end up with several economic predictions and will be followed by the press conference conducted by Janet Yellen, the Fed’s Chair.
 
Publication date: 16 September 09:28 AM

EURUSD Stays Flat

 

The key currency pair, which is EURUSD, is still trading within the scope of the 1.2858-1.2962 price range. The current trading range has been underway since the middle of last week.
Publication date: 16 September 08:56 AM

NAS Broker Gives Micro Trader Interbank Market Access!

The contemporary Forex industry keeps on evolving. More broking companies emerge and more cutting-edge solutions and innovative ideas are manifested to expand the list of the client’s trading opportunities. NAS Broker is one of such young but promising Forex brokers focused on innovation.

Publication date: 16 September 07:07 AM