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Friday, 30 January 11:24 (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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Dukascopy Launches New Forex Trading Contests

The Dukascopy community invites you to participate in new demo-trading contests. With that said, you don’t have to invest your own money to participate in the contests and to be able to win excellent cash prizes. Dukascopy, which is a truly reputable and client-oriented Forex company headquartered in Switzerland, designed these contests in order to support promising and talented traders who have potential to grow into trading heavyweights but currently cannot afford to invest their own savings in Forex trading for any reason. it all about the concept of social trading.

Publication date: 30 January 06:35 AM

WTI Oil Drops Below $44/b

 

As Saudi Arabia and other OPEC nations are reluctant to cut down on their oil production, oil prices keep on going down while being pressed by growing oversupply. In particular, WTI dropped down below $44/b yesterday, Masterforrex-V Academy reports.

Publication date: 30 January 05:50 AM

Chinese Yuan Enters TOP5 World Currencies

 

According to Masterforex-V Academy, the Chinese Yuan has become one of the 5 most popular currencies worldwide. This is the first time, the Renminbi has ousted the Australian Dollar and the Canadian Dollar.  In December 2014, the Chinese currencies was used in 2,17% of international transactions. This is confirmed by the SWIFT figures.

Publication date: 29 January 05:26 AM

“Panteon-Finance” Presents a New Contest “Miss Investor 2015”

 

Investment, just like any kind of business, is considered to be an exclusively men's business. However, regardless the settled stereotypes, business-ladies are most successful. Even in conservative India in due time the post of president of Bombay exchange was held by a woman – Deena Mehta. What is more, women successfully work (whoever would have thought it?) on stock exchanges of Islamic Kuwait.
 
Publication date: 28 January 01:23 PM

Soros Wars ECB Against Money Printing

 

George Soros, the famous American billionaire, made a speech within the scope of the latest economic summit in Davos. During his speech, the financial tycoon warned the representatives of the European Central Bank against printing money any father since any extra emission of money may well result in major consequences for the Eurozone and other parts of the globe, Market Leader reports.

Publication date: 27 January 10:17 AM

“Panteon-Finance” Names Leaders of New Season of “Arena of Investors” at Forex

 

Unstable economic situation in the world together with a statement of the Bank of Switzerland that has shaken financial markets about not pegging the national currency to the Euro, as well as lasting inflation and devaluation in many countries, make many investors actively reconsider constituents of their portfolios.
 
And Forex traders actively get rid of some instruments and almost blindly get others. This panic mood is generally reflected in market trends, which are exposed to high volatility. Nevertheless, even in such not very, at first sight, favourable conditions many Forex participants get high and stable profits.
 
Publication date: 26 January 11:56 AM

EURUSD: Euro Drops Down To 9-Year Low

 

The common European currency seems to be setting new records, Market Leader reports. In particular, according to Mario Draghi, who is currently presiding over the European Central Bank, the official exchange rate of the common European currency against the U.S. Dollar dropped down to the lowest level in 9 years. At this point, EURUSD is trading at 1,1520.

Publication date: 23 January 08:58 AM

HY Markets Reports No Damage Arising from SNB’s Unpeg and EURCHF Drop

At the end of last week, the Swiss National Bank, which is Switzerland’s central bank, announced a shocking and unexpected decision to start unpegging the Swiss Franc (its national currency) from the Euro (EURCHF was 1.2). Needless to say that this almost instantly provoked unseen volatility in the Franc-related currency markets, thereby  resulting in thousands of retail traders getting major losses resulting from negative balances while Forex brokers had major difficulties. Some Forex companies had to announce insolvency since they fail to cope with the situation due to improper risk management and excessively high leverage offered to retail traders.

Publication date: 22 January 02:30 AM

FIBO Group: SNB’s Decision and EURCHF Drop Failed to Affect FIBO Clients

Approximately a week ago, the Swiss National Bank came up with a shocking and unexpected decision to unpeg its national currency  - the Swiss Franc - from the common European currency (which used to be pegged at 1.2). This instantly triggered unprecedented volatility in the CHF-related markets, which resulted in thousands of retail trader seeing negative balances while Forex brokers having major difficulties. Some of them even had to announce insolvency due to improper risk management and too leveraged business.

Publication date: 22 January 02:12 AM

Analysts Calculate Possible Russian Ruble Exchange Rates Depending On Oil Prices

 

The analysts working for Renaissance Capital perform some complicated calculations to find out what the Russian Ruble exchange rate is going to be depending on the future prices of crude oil. It is not a secret that the Russian economy is heavily dependent on its exports f crude oil. In particular, the exports of crude oil account for thirty percent to nearly half of the Russian GDP. With that said, oil prices seem to be the key factor influencing the Russian economy and national currency, Market Leader reports.

Publication date: 21 January 06:18 AM