About TradedWell

TradedWell is the name of the trading platform, which is operated by iTrade Global CY Ltd. This is an investment company that owns the “iTrade” brand and operates TradedWell.com. The company is incorporated in Cyprus and is regulated by the Cyprus Securities and Exchange Commission (“CySEC”). The Company’s registration number is HE 335424 and its CIF license number is 298/16. The registered office of the Company is located at Isiodou, Andrea Laskaratou & Emanouel Roides Street 10-12, 2nd Floor, Ayia Zoni, 3031 Limassol, Cyprus. The Company has also appointed a tied agent, Alef&Kiai S.L., a company incorporated and domiciled in Spain.

Users can choose from 3 account types at TradedWell: Silver, Gold and Platinum, with the highest account type unlocking the most features and benefits. However, regardless of the account type, all users can trade more than 300 CFD financial instruments. The portfolio includes more 30 cryptocurrency trading pairs (as CFDs) as well as currencies, commodities, stocks, indices and metals.

Most important info

✅ Website address: https://www.TradedWell.com
✅ CFDs: currency pairs, cryptocurrencies, commodities, stocks, indices and metals
✅ Leverage: up to 1:30 (for individual traders), up to 1:500 for professional traders
✅ Minimum deposit: from $250
✅ Demo account: Yes, for 360 days+
✅ Deposit and withdrawal methods: credit cards (Visa, Mastercard, Maestro, V Pay), wire transfer, Neteller and Skrill

**Risk Warning: Risk Warning: FX/CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 82.78% of retail investor accounts lose money when trading CFDs with this Provider. You should consider whether you understand how FX/CFDs work and whether you can afford to take the high risk of losing your money.

Is TradedWell trustworthy?

The most important question when choosing a broker is whether it is safe and trustworthy. The most important criterion in terms of trustworthiness is regulation by a supervisory authority. In the case of TradedWell, the company behind the platform can boast a license from the Cyprus Securities and Exchange Commission, which is the financial regulator of the European country of Cyprus. The authority ensures supervision, maintenance of sufficient capital, regular audits and security of customer deposits.

In addition, CySEC ensures that client funds are kept separate from the company’s business accounts. Furthermore, TradedWell offers protection against a negative balance. The moment your account balance reaches zero, the broker automatically closes the position so you can’t slip into the negative. Another advantage of the CySEC regulation is that there is a compensation fund in case the platform has to close unexpectedly.

In terms of website security, TradedWell can boast Secure Socket Layer (SSL) encryption, SAS 70 data servers, and a firewall.

To protect users from making bad decisions, TradedWell also offers an extensive educational portal. This includes educational material such as videos on demand (VoD), ebooks, courses, tutorials and daily news. For more advanced users, TradedWell offers numerous tools to evaluate and analyze their own trades in order to make the best decisions for themselves.

Last but not least, in case of any problems, TradedWell also offers customer support that can be contacted via phone call, email and live chat from Monday to Friday 07:00 – 16:00 GMT. All of the above arguments suggest that TradedWell is a reputable CFD broker.

Account types at TradedWell

At TradedWell you can choose between three types of accounts. All accounts have in common that there are no deposit limits, no deposit fees and offer over 300 different CFDs.

The maximum leverage offered for professional traders is 1:500. Moreover, the leverage also depends on the type of account. For example, for the gold account it is 1:400, for the silver account it is 1:200 and for the private accounts it is 1:30. There are also significant differences in the spreads, which decrease significantly if you choose the gold or platinum account:

Silver account

• Hedging
• FX leverage for retail accounts 1:30
• FX leverage for professional accounts 1:200
• Dedicated account manager
• Personalized investment messages

Gold account

• Hedging
• FX leverage for retail accounts 1:30
• FX leverage for professional accounts 1:400
• Dedicated account manager
• Personalized investment messaging
• Free VPS
• Five decimal points
• Swap discount 25%

Platinum account

• Hedging
• FX leverage for retail accounts 1:30
• FX leverage for professional accounts 1:400
• Dedicated account manager
• Personalized investment messaging
• Free VPS
• Five decimal points
• Swap discount 50%

Platforms for trading on TradedWell

WebTrader

TradedWell WebTrader works in such a way that you do not need to download any software, but can trade directly from your computer. Within the WebTrader you can analyze the latest market news and trading conditions with a wide range of analytical tools. In addition, WebTrader offers you a full history of your trades, a real-time balance level, automatic stop loss/take profit functions, multi-lingual support, 1-click account switching and inherent platform support, as well as live chat.

Mobile App

If you like to trade on the go, there is an app for Android and iOS, which you can download from the respective app store. By means of the app, you can get full control over your trading from any place and at any time. The mobile app has the same functionality as the WebTrader, so you can check your account balance in real time, use stop loss/take profit functions, contact multi-lingual support and use over 60 professional analysis tools.

Available CFDs on cryptocurrencies

On TradedWell, you have 24 different trading pairs available for CFDs on cryptocurrencies. The big advantage of CFDs over “real” cryptocurrencies is that you do not bear the risk of custody. Thus, you don’t have to worry about storing them in a wallet. Below you can find the list of available trading pairs

Trade crypto CFDs on TradedWell

Fees

As part of trading on TradedWell, spread and swap fees are charged, which vary depending on the instrument traded and the account type opened. The spreads for popular products such as EUR/USD are average:

• Silver from 2.8 pips
• Gold from 2.0 pips
• Platinum from 1.8 pips

For non-Islamic accounts, overnight funding or “swap” fees are charged on positions that remain open overnight (22:00) GMT. If positions are held over the weekend, a three-day swap fee is charged on Wednesdays.

Conversely, TradedWell offers Islamic forex accounts that comply with Islamic religious principles. Islamic accounts are free of any overnight fees during the first 5 days a position is opened. On the 6th day, a storage fee of 10 USD / lot per night is charged, with the fee reaching triple if the overnight order falls on a weekend day.

Similarly, certain international accounts are swap free during the first 5 days. On the 6th day, a storage fee of 10 USD / lot per night is also charged, with the aforementioned weekend rule applying in the same way.

There is also an inactivity fee. Customer accounts where no trades have taken place for a period of more than 60 calendar days are considered dormant accounts. Due to this, a dormancy fee will be charged in the following amount:

• from 61 to 90 days: 160 EUR
• 91 to 180 days: 120 EUR
• 181 to 270 days 200 EUR
• Over 271 days 500 EUR

Payment methods

At TradedWell you can choose from a variety of payment methods, namely:

• VISA
• VPAY
• Verified by VISA
• Mastercard
• Maestro
• Mastercard Secure Code
• Skrill
• NETELLER

Open an account

The account opening process of TradedWell is very simple and intuitive, so even beginners should not have any difficulties opening an account. You need to go through the following steps:

1. Enter login information. Enter your name, email address, phone number and create a password for your account.
2. Additional personal information (KYC): Here you must enter all the information that will be asked.
3. Questionnaire: TradedWell will ask you various questions about, among other things, your trading experience.
4. Upload documents: Upload all the required documents as part of the KYC.
5. Trading: You can deposit money and start trading or use the practice account first.

Once you are registered, you will have access to a practice account with $100,000 in virtual money to test out your trading skills. The practice account is initially available for up to 360 days, and can be extended upon request to the account manager. When you feel ready to trade live, simply click the “Start” button on the account labeled “Live”.

Conclusion

Our research has shown that TradedWell is a reputable and safe CFD broker. The broker is regulated by CySEC with license number 298/16 and takes numerous measures to protect the client. On the other hand, TradedWell offers a large amount of educational material and a 360 days+ practice account to be the suitable choice for beginners. Last but not least, there is a large number of CFDs available with 300+. Included in this are 24 different trading pairs for CFDs on cryptocurrencies.

**Risk Warning: FX/CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 82.78% of retail investor accounts lose money when trading CFDs with this Provider. You should consider whether you understand how FX/CFDs work and whether you can afford to take the high risk of losing your money.

Der Beitrag TradedWell review: How good is the CFD broker based in the EU? erschien zuerst auf Crypto News Flash.

About Capixal

Before you deposit money with a broker to use it for trading, you should check in advance who is behind the platform. In the case of Capixal.com, this is IFC Investments Cyprus Ltd, a limited liability company incorporated in the Republic of Cyprus with registration number HE342390, licensed by the Cyprus Securities and Exchange Commission (CySEC) under license number 327/16 and whose registered address is: Arch. Makariou III, 242nd P.Lordos center, block A, 2nd floor, Office 203, Limassol.

Now, what does the platform offer? Traders have the opportunity to trade over 350 CFD assets on the platform, which is incredible and should satisfy the demand of most market participants. As a user, you can choose from all markets: Stock trading, CFD trading, Indices, Forex, Commodities, just to name a few. In the cryptocurrency space, you can access the most popular ones such as Bitcoin, Ripple, Ethereum, Litecoin, Bitcoin Cash, etc. as CFDs.

In commodities trading, you can access more than 25 commodity assets as CFDs – from gold, silver, platinum to natural gas, oil, cocoa, corn and sugar. In the stocks section, you can buy and trade CFDs of renowned companies such as Apple, Google, Tesla, Microsoft, Netflix, Disney, Amazon, Intel and several others.

You can choose between three account types: Silver, Gold and Platinum. In addition, there is an Islamic account. Generally, trading on Capixal is done through the renowned MetaTrader 4 trading software, WebTrader or a mobile app, so you have every possible way to access your portfolio. The maximum leverage depends on the account type and asset class, but it is maximum:

• Forex: 1:500
• Indices: 1: 500
• Commodities: 1:150
• Commodities: 1:125
• Equities: 1:10
• Cryptocurrencies: 1:2

Most important info at a glance

✅ Website address: https://www.Capixal.com
✅ CFDs: currency pairs, cryptocurrencies, commodities, stocks, indices and commodities
✅ Leverage: up to 1:30 (for retail traders), up to 1:500 for professional traders
✅ Minimum deposit: from $250
✅ Deposit and withdrawal methods: credit card, Neteller, Skrill, Webmoney, bank transfer

**Risk Warning: CFDs are complex instruments and carry a high risk of losing money quickly due to leverage. The vast majority of retail investor accounts lose money trading CFDs. Think carefully about whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Is Capixal trustworthy?

When it comes to the question of trustworthiness, traders should ask themselves two questions:

1. Is the broker regulated?
2. Does the broker take industry standard measures to ensure customer safety?

Regarding the first question, it can be stated about Capixal, as mentioned at the beginning, that Capixal is licensed and regulated by the Cyprus Securities and Exchange Commission (CySEC) under license number 327/16. The authority ensures supervision, maintenance of sufficient capital and regular audits. Due to its location in the European Union, Capixal is thus also subject to the strict regulatory requirements of the EU.

In terms of security, it has to be noted that the broker provides industry standard security for client funds by adhering to the following regulatory requirements: Keeping client funds in separate accounts from company funds, and providing a negative balance protection policy. In addition, the website can boast secure SSL encryption to protect all data during transmission.

Another plus point is that the platform provides a good selection of research and educational materials. For instance, clients can access research via the Signal Centre, which contains trading signals for forex and index markets. There are also e-books, courses and tutorials to help traders maximize their success. Last but not least, Capixal offers multilingual customer support that is available 9 hours a day, Monday through Friday via email, phone and live chat.

Account types at Capixal

When choosing an account type, Capixal offers you three options. All accounts, meanwhile, have in common that there are no deposit limits, no deposit and withdrawal fees, and over 350 different assets. In addition, private clients always have a maximum leverage of 1:30, while professional clients can have a maximum leverage of 1:500.

However, depending on the account type, there are differences in spreads, as the following screenshot of the website (as of 04/2021) shows.

There are also differences in the services and extras that the platform offers. Below we have compiled the most important information:

Silver account

• Safeguarding of funds
• Fifth decimal place
• no financing fee discount

Gold account

• Safeguarding of funds
• Fifth decimal place
• 25% discount on financing fees
• Personal account manager

Platinum account

• Protection of funds
• Fifth decimal place
• 50% discount on financing fee discount
• Personal account manager
• Free VPS
• Individualized investment news

Platforms for trading on Capixal

Meta Trader 4

Like numerous other trading platforms, Capixal makes use of the renowned and long-established Meta Trader 4, commonly known as MT4 and considered one of the most advanced and widely used trading platforms within the financial industry worldwide. When using it, users can benefit from advanced analysis tools, a wide range of charts and ultimately one of the most proven trading tools on the market.

WebTrader

In addition to MT4, Capixal also offers its clients the opportunity to trade via a WebTrader platform based on MT4. Through this, users also get access to 350+ markets, 60+ analytical tools, real-time price streaming, customizable price alerts and “one-click trading”.

Mobile App for Android and iOS

The third option is to access mobile trading on the go via the MetaTrader 4 Mobile Trading App for Android and iOS systems. The app is available on Google PlayStore and Apple AppStore respectively and allows trading and managing the user account on the go. Among other features, the app includes 3 chart types, 9 time frames, as well as charting and live trading.

Available CFDs on cryptocurrencies

On Capixal, you can choose from 20 different cryptocurrencies as CFDs, as well as more than 30 different trading pairs. Below is the list of available crypto CFDs (as of 04/2021):

Trade crypto CFDs on Capixal

Fees

Capixal does not charge any deposit or withdrawal fees. However, the following fees apply:

• Spreads: the difference between the buying price (rate) and the selling price (rate) of the financial instrument. Spreads are variable and are calculated automatically once the position is opened. According to the website, “under normal trading conditions” the minimum spread is applied, while the spread can be widened under extreme trading conditions.
• Rollover Fee: is a daily overnight funding fee charged on all open positions that remain open at 21:00 UTC time each day. An exception rule is Wednesday: the fee for positions held from Wednesday to Thursday is different from other days and includes the fee over the weekend. The overnight swap triples in this case.
• Conversion fees: All cash, realized gains and losses, adjustments, fees and charges denominated in a currency other than your account’s base currency will be converted to the account’s base currency, so the account will be charged a conversion fee.
• Inactivity Fee: For accounts with no trading activity, a management/maintenance fee will be charged on a monthly basis to keep such account available.

Trading accounts with no trading activity for a continuous period of 60 days are classified as an inactive account. Inactive means that you do not open or close a trade or make a deposit. Inactive accounts will be charged with an inactivity fee as follows:

• For more than 61 days of inactivity, an inactivity fee of 160 EUR
• Over 91 days up to a maximum of 180 days, an inactivity fee of 120 EUR will be charged
• Over 181 days up to a maximum of 270 days an inactivity fee of 200 EUR will be charged
• Over 271 days the inactivity fee will be 500 EUR
• or the equivalent amount in the customer’s currency according to the exchange rate of the day.

Registering an account

To open a trading account with the broker, you need to follow the steps below. The process is designed to be simple and intuitive:

1. Register on Capixal.com by providing your name, last name, country, phone number and email address for verification.
2. Upload the required proofs, including a proof of identity and proof of address.
3. Choose your desired asset to trade and deposit the appropriate amount. Start trading!

Payment methods

The process of depositing and withdrawing funds is simple and straightforward. Capixal offers a variety of fee-free deposit and withdrawal methods, including debit/credit card, bank transfers and e-wallets such as Neteller, Skrill and Webmoney. According to the broker’s regulations, deposits are usually processed in a period not exceeding 7 days and withdrawals within 1 business day.

Conclusion

Our review has shown that Capixal is a regulated broker that puts a lot of emphasis on the education of its clients. The review shows how important it is to choose a reputable broker. Capixal meets this criterion by being licensed in Cyprus. On the other hand, the broker offers over 350 CFDs. Private clients can use a maximum leverage of 1:30 for their own protection (due to legal requirements), while for professional clients the maximum is 1:500.

**Risk Warning: CFDs are complex instruments and carry a high risk of losing money quickly due to leverage. The vast majority of retail investor accounts lose money when trading CFDs. Think carefully about whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Der Beitrag Capixal review: Everything you need to know about the CFD broker erschien zuerst auf Crypto News Flash.

To support your deep understanding of two brokerages, I have attempted to produce a detailed comparison in several terms of available investment products, fees, trading platforms, payment methods and security. With that said, this review may help you reach a suitable trading partner for your goals and experience.

What is NSBroker?

Launched by NSFX Ltd in 2011, NSBroker* is a Malta-headquartered broker under the regulation of the MFSA and other regulatory governmental bodies in different Eurozone jurisdictions.

As an ECN broker, NSBroker offers narrow spreads and low commissions. Such fees vary as per tradable assets but generally, they are among the most competitive ones. Furthermore, the company covers a wide range of investment products entailing fiat currency pairs, precious metals, share indices, energy carriers and cryptocurrencies.

Regarding the trading platform, NSBroker cooperates with the third party, MetaQuotes Software, to provide you with the latest model known as MetaTrader 5 (MT5). The platform is better known for its automated trading and advanced features that facilitate your risk management.

What is FXCM?

FXCM, short for Forex Capital Markets, entered the forex and CFDs industry more than two decades ago. The retail broker is powered and administered by Leucadia Investments which functions as the merchant banking division of Jefferies Financial Group. Headquartered in London, FXCM has expanded its operational activities across the Europe and Asia-Pacific regions. Therefore, it comes as no surprise that the brokerage is regulated by various competent authorities (FCA, FSCA and ASIC).

Acting as a market maker, FXCM allows CFDs trading on forex currency pairs, stocks, commodities, indices and cryptocurrencies. Besides, what differs the brokerage from other counterparts is its forex and stock basket offerings.

Apart from the provision of the prevalent trading platform, MetaTrader 4 (MT4), the company offers four additional platforms. They include ZuluTrade, TradingView Pro, NinjaTrader and Trading Station which is a self-developed platform.

1. NSBroker vs FXCM: Tradable Markets and Assets

The first comparison between NSBroker and FXCM lies in tradable instruments and markets.

To begin with, NSBroker affords 100+ purely CFDs instruments; they are classified into five categories: fiat currency pairs, precious metals, indices, energy carriers and cryptocurrencies.

Despite the long-standing history of the establishment, the FXCM’s portfolio is less diverse in comparison with its competitor and records just over 60 financial instruments. You may conduct CFDs transactions on forex currency pairs, stocks, indices, commodities and crypto-assets.

One unique metric of the brokerage is its trading baskets which allow you to speculate on the subsequent price movement of one group rather than one currency pair or one stock separately to diminish the involved risk of one instrument. FXCM provides stock baskets for different sectors, entailing FAANG, BIOTECH, ESPORTS, CANNABIS, CN.TECH and CN.ECOMM.

In a similar sense, FXCM’s forex baskets consist of Yen, USD and emerging markets indices which are denominated as JPYBasket, USDOLLAR and EMBasket respectively.

Winner: Draw

When it comes to tradable markets and assets, both FXCM and NSBroker end in a draw. FXCM becomes outstanding with both CFDs and basket products. However, NSBroker dominates FXCM in the number of financial offerings, particularly 100+ versus 60+. Further, forex currency pairs are the main contributor at both brokerages with the figure of approximately 40 instruments.

2. NSBroker vs FXCM: Fees and Commissions

This part compares how NSBroker and FXCM charge your trades, as well as mentions non-trading fees that possibly arise when you register with them.

Debuting as an ECN intermediary, NSBroker gives clients a direct connection to liquidity providers and other clients on an electronic communication network. In other words, the brand doesn’t engage in your orders as the counterparty. Hence, bid/ask prices at NSBroker are based on quotes of liquidity providers (e.g. CitiBank, Dukascopy Bank, Barclays and UBS), thus becoming closer to real market prices.

In addition, the company imposes tighter spreads and low commissions which are its main income. This renders you less prone to widened spreads when the market becomes volatile. Those fees are clearly prescribed on NSBroker’s website. That is, the smallest spread is as low as 0.3 pips for majors. The commission is fixed at $8 per lot for most instruments, whereas that of cryptocurrencies and indices is 0.5% and 0.05% of the position size in a given order.

In comparison, FXCM plays a role as a market maker, also known as a dealer. This means price quotations will be determined by the broker. The minimum spread starts at 1.3 pips and may significantly change in the period of illiquidity. As spreads are the main transaction costs paid to the broker, no additional commission is required.

OTHER FEES

Besides the given trading fees, you should consider other charges as well. If you choose swing or position trading styles, overnight funding (also called swap or rollover rate) is charged as per the broker’s policy. In the case of financing your trading account, no deposit fee is incurred regardless of payment methods.

When it comes to withdrawal, NSBroker charges you nothing if you wish to take profits out by credit/debit cards or wire transfer. Nonetheless, withdrawn money via Skrill and Netller will count the extra withdrawal fee of 2.9% per transaction.

As of November 2018, FXCM demands different withdrawal fees when you draw incomes out by wire. Depending on the location of your local bank, the charge will vary. For instance, your bank account is funded in the USD and you prefer receiving money at the UK or US-based bank, the fee is regulated at $25. In a meantime, it costs you $40 if your receiving account lies outside those jurisdictions.

Furthermore, FXCM’s clients are obliged to pay other fees for account conservation, Virtual Private Server (VPS) hosting, the interest rate on negative balances and currency conversion.

Winner: NSBroker

In this battle, NSBroker defeats FXCM. The above description indicates more assorted expenses you may bear when trading with FXCM. Though, fees at NSBroker are generally limited to spreads, commissions, withdrawal costs and swaps.

3. NSBroker vs FXCM: Trading Platform and Tools

Another important comparison is trading platforms and tools. NSBroker provides you with MetaTrader 5 (MT5) – the most cutting-edge platform – of all versions (Web, Desktop and Mobile). The platform is already integrated with 21 time-frames, 50+ technical indicators and 40+ graphical objects, in conjunction with trading signals and expert advisors that back up automated trading. Compared to its brother, MetaTrader 4 (MT4), MT5 gives two additional order types (Buy and Sell Stop Limit) and other supportive functionalities (e.g. Depth of Market and multi-threaded strategy tester).

Meanwhile, you’re impressed by the diversity of trading platforms at FXCM. Particularly, it provides MT4, ZuluTrade, TradingView Pro, NinjaTrader and Trading Station, which is better known as FXCM’s proprietary platform.

MT4 has similar attributes to its successor, with the availability of Web-based and mobile models.

The broker also develops its own platform for desktop trading on Mac only, web and mobile trading. Generally, Trading Station gives you easy access to 15+ indicators, customised trading analytics, incorporated news and economic calendar. For better trading performance, it provides advanced indicators including Real Volume and Speculative Sentiment Index (SSI) to help you in approaching real-time market data.

Meanwhile, other outsourcing platforms (ZuluTrade, TradingView Pro and NinjaTrader) practically support your trading decisions by giving you what is called copy/social trading. Accordingly, you may apply the best suggestions of seasoned traders to adjust your trade settings.

What strikes traders to the forex and CFDs market is leverage and no minimum capital requirement. When opening a live account on any given trading platforms, you’re required to choose a fixed leverage ratio and fund.

At NSBroker, the leverage amount for each type of financial asset is different. Particularly, novices may have the maximum 1:30 leverage ratio regardless of currency pairs. Meanwhile, this figure for other instrument groups is much lower; even when you can merely double your investment when you wish to speculate on cryptocurrencies. According to my experience, professional traders who represent hedge funds or investment management companies and are technically supported to make precise predictions can leverage their deposits up to 100 times. What’s more, you must top up at least $500 to open an account.

At FXCM, the maximum leverage is 1:400 whilst the minimum deposit is $50. These parameters are confined to 1:30 and €300 for European and UK speculators though. Moreover, the brokerage holds the Active Trader program for those with high investments, thus requiring the smallest funding of $25,000.

Winner: NSBroker

Despite four separate trading platforms to facilitate your speculation, FXCM’s trading conditions are seemingly riskier for traders, especially newcomers to the forex and CFDs market. Provided you pick the high leverage level, coupled with low capital, you may encounter the higher possibility of burning all account balance right after a few losing trades.

Conversely, NSBroker’s MT5 is pre-loaded with more modern indicators and advanced tools for better risk management. In conjunction with the $500 deposit and smaller leverage amounts, NSBroker will be a safer choice for the inexperienced. So, in this comparison, NSBroker wins hands down.

4. NSBroker vs FXCM: Payment Methods

One possible consideration is payment solutions. No matter whether you would like to fund or withdraw, NSBroker offers a modest number of methods including credit/debit cards (Visa and Mastercard), bank transfer, Skrill and Netller. Before making any deposit, any new holders should validate their trading accounts by submitting personal credentials such as proofs of your passport or national identity and your residential address (e.g. utility bill, bank statement or certificate of residence).

Most funding methods are instantly processed by the broker, except for wiring that lasts from 2 – 3 business days. NSBroker slower deals with the withdrawal request that might take up 1 – 2 working days.

FXCM also provides the same payment options plus two other digital wallets as Klarna and Rapid Transfer. Like NSBroker, FXCM also seeks to cope with the deposit and withdrawal requirement within 1 – 2 business days.

Winner: Draw

Speaking of payment methods, no broker dominates the other. This is simply because their funding and withdrawing solutions are quite limited compared to other competitors.

5. NSBroker vs FXCM: Safety and Security

Security and regulation are always one of the leading criteria for traders to choose brokers.

Since its establishment in 2011, NSBroker has been regulated by the Malta Financial Services Authority (MFSA). In compliance with the organisation’s strict laws, the brokerage pledges to provide a transparent and regulatory space for trading activities and reimburses clients with the compensation of up to €20,000 in the case of insolvency. Additionally, the broker abides by MIFID Compliant to promote monetary transparency, improve competition and enhance client protection in trading activities.

After its operational activities reach other Eurozone jurisdictions, NSBroker is endorsed and licensed by the following reputable entities:

• Federal Financial Supervisory Authority (BaFin) – Germany – License No. 131055.
• French Prudential Supervisory Authority (ACP) – France – License No. 74397.
• National Securities Market Commission (NSMV) – Spain – License No. 3354.
• FINANSTILSYNET – Denmark – License No. 9221.
• Consob – Italy – License No. 3597.

In comparison, FXCM is under the regulation of three top-notch regulatory bodies including:

• FXCM Ltd (Forex Capital Market Limited) regulated by the Financial Conduct Authority (FCA) in the UK, License No. 217689
• FXCM Australia Pty. Ltd regulated by the Australian Securities and Investments Commission (ASIC), License No. 309763.
• FXCM EU Ltd regulated by the Cyprus Securities and Exchange Commission (CySEC), License No. 392/20
• FXCM South Africa Ltd regulated by the Financial Sector Conduct Authority (FSCA)

Admittedly, the FCA protects the EU or UK clients’ reserves from the insolvency of FXCM by giving them the maximum reimbursement of €85,000. Nevertheless, this policy isn’t applied to traders from other regions.

Moreover, NSBroker and FXCM become reliable partners on the ground of their negative balance protection policies. In particular, the former commits to hindering client account balances from being negative. Meanwhile, assuming your negative balance exceeds $50,000, FXCM will cover this amount and you will take responsibility for the remaining debt.

Winner: Draw

This time, the comparison is declared a dead heat. Unsurprisingly, the FCA is valued over the MFSA in reputation and strict regulations; but it doesn’t translate to the inferior position of NSBroker in terms of trading security. Besides, FCA’s legislation doesn’t secure citizens outside the Eurozone and United Kingdom.

NSBroker vs FXCM: The Verdict

In conclusion, NSBroker and FXCM are both trustworthy and legitimate brokers. Which one is more suitable depends on your understanding of financial markets and experience.

If you’re new to the market and don’t want to suffer heavy tolls from strong market moves, NSBroker is a better option. Altogether with the humble leverage ratio, the large capital required to fund your account shortens the time of depleting your reserves after a consecutive losing trade. Besides, you don’t need to worry about debt payments thanks to the broker’s hindrance from negative balances. Even when you make some profits, fees are worth noticing as well. With a shorter list of payables, NSBroker once again proves a greater partner for rookie traders.

Der Beitrag NSBroker vs FXCM: Head to head erschien zuerst auf Crypto News Flash.

BigoMex is a cryptocurrency contracts trading platform that carries the slogan “Trade With Ease”. From the slogan, we know that BigoMex’s mission is to make trading easy for users by using the methods we discuss in this review.

The BigoMex team consists of individuals who have more than 10 years experience in the finance industry, tech industry, and early investors in Bitcoin. The team believes that existing contracts trading platforms are too complicated and can be intimidating for new users. Therefore, by building a platform that has simple features and is easy to use, BigoMex aims to become a reliable platform for crypto contracts traders.

This platform has a headquarter office in Singapore, and therefore is regulated by the Accounting and Corporate Regulatory Authority (ACRA) agency. Additionally, BigoMex has recently acquired license from Money Services Business (MSB) in the USA, as an indicator for its service expanding widely around the globe. The licensing shows that BigoMex is a legitimate platform to assure users that it is a professional service.

*BigoMex is Compliant with ACRA and MSB

Crypto contracts trading

Cryptocurrency contracts is a form of derivatives trading in the digital asset market. Instead of buying and selling spot assets, users buy and sell contracts tied to the price of an asset. This mechanism allows for users to put a buy or long order and, more importantly, a sell or short order.

Using a short sell order, a trader can profit during a bear market when the price of cryptocurrencies are decreasing. Traders who only engage in the spot market can’t profit when the price of the assets they hold are going down. But traders who do short selling can make a profit on the way down, and also place a long order to profit when the price resumes an uptrend.

These instruments are important for an investment portfolio to maximize gains during any market condition. An investor can also use a short order as a hedge or protection of their portfolio when the market is going through a bear phase.

Trading at BigoMex

BigoMex introduced two additional trading features on top of real trading that allow beginners to learn and practice crypto contracts trading that not every other exchanges have: a trading tutorial and a demo trading account. Users who sign up will immediately be able to get access to the two main trading features for free (no deposit is required).

The trading tutorial is an animated step-by-step trading guide that is user-interactive. This tutorial course covers the explanation of contracts trading, long/short, margin, leverage, and profit calculation. It is a short and helpful visual tutorial so that new users can understand the mechanics of trading and how they make a profit and even how they make a loss.

*BigoMex Trading Tutorial Interface

For users who already understand the basics but aren’t ready to trading real money yet, BigoMex also offers a demo trading feature. Using the demo, users get 100,000 BUSDT credited to their account as trading capital. Users can make demo trades following the real market price of assets, and see if their strategies result in profit or loss.

The demo trading has all the same features as real trading. The difference is that in real trading, users deposit their money and use that as capital to open their long or short positions. For traders who are beginning, we recommend taking advantage of the demo trading feature.

*BigoMex Demo Trading Interface

As can be seen from the trading interface, BigoMex team makes the trading panel as straightforward as possible without installing any unnecessary buttons.

Set up BigoMex account

To open an account, head over to the BigoMex official site. Click on Sign Up at the top navigation menu. You can create an account using a phone number and a verification code that will be sent to your phone. Alternatively, you can use your Facebook account or email to sign up. A verification code will be sent to your email.

Deposit & trade

Once you enter the verification code, your account is set up and ready to go. There is no KYC necessary, you don’t need to provide any ID to make a deposit or withdrawal. This feature allows traders to make an account and start trading immediately without needing to upload and verify documents that can take a long time.

After your account is ready, login, click on your account name, and choose balances. Here, you can choose to make a deposit to start trading. Here is where you will also make withdrawals. You can also access the deposit screen from the trading screen by clicking on Deposit.

BigoMex offers various ways to make a deposit. Users can deposit one of the following crypto assets: USDT, BTC, ETH, XRP, TRX, or EOS. USDT deposit is available in OMNI, ERC-20, or TRC-20.

You can copy the address or scan the QR code. Note that deposits in the form of cryptocurrencies (BTC, ETH, and others) will be converted to USDT upon successful deposit. That is because the base pair for executing trades is USDT. USDT-based contracts trading will enable traders to use USDT margins to trade in all the trading pair market.

Users can also buy USDT directly using fiat currencies. The fiat currencies supported by BigoMex include Indonesian Rupiah (IDR), Vietnamese Dong (VND), Thailand Baht (THB), and Malaysian Ringgit (MYR). BigoMex claims to open more fiat deposit gateways and credit cards deposit options in the near future.

Enter the USDT amount you want to buy, or enter the fiat amount you want to spend, and then click on Get Buy Quote. Once you agree with the quote, you will be directed to the fiat payment processor screen according to your chosen currency.

*BigoMex offers various deposit options

Upon successful deposit, a user can begin trading immediately. Trading is very simple, users can choose either a Market Order or a Limit Order. A Market Order means a user buys at the current price, while a Limit Order means a user sets an order to buy at a determined price.

Here, users can make a long or short order. The leverage available includes 10x, 20x, 30x, 50x, and 100x, though some pairs don’t have 50x and 100x in the consideration of their price volatility to protect trader’s investment. The minimum margin is only 2 USDT, so users can trade with a small margin if they want to test their strategies first before trading with large size.

The crypto pairs that are available for trading now include:

• BTC/USDT
• ETH/USDT
• BCH/USDT
• LTC/USDT
• EOS/USDT
• XRP/USDT
• ETC/USDT
• XLM/USDT
• ADA/USDT
• TRX/USDT
• IOTA/USDT
• XMR/USDT
• DASH/USDT
• ZEC/USDT
• NEO/USDT
• QTUM/USDT
• OMG/USDT

*The real trading interface

BigoMex’s price feed is indexed to major cryptocurrency platforms Binance, Bitfinex, and Coinbase to ensure stability. It means that the price will adhere to global standards and not experience any sudden crashes or abnormalities that can cause extreme loss to the user.

BigoMex users receive a Perks balance in their balance account. The amount of balance in Perks can be used to deduct up to 50% of the trading fee when a trade is closed. Users can receive Perks from registration bonus.

Withdrawing funds from BigoMex is quick. Users can withdraw USDT OMNI, ERC-20, or TRC-20. The minimum withdrawal amount is 30 USDT, and the fee is 9 USDT for ERC-20 and 0.5 USDT for TRC-20. Note that this withdrawal fee is dynamic depending on the state of the blockchain and not marked up by the team.

New users promotion

New users who sign up can get a 5 USDT bonus which includes 1 USDT to the Assets Balance, 2 USDT to the Bonus Balance, and 2 USDT to the Perks Balance. The Assets Balance is the one used to do trading, the Bonus Balance can be used to deduct margin (up to 25%), and the Perks Balance can be used to deduct trading fees (up to 50%).

Other than the sign-up bonus, BigoMex offers a 20 USDT Perks bonus for users who make a first time deposit of 100 USDT or more, and a 1 USDT Perks bonus for users who deposit 5 USDT or more.

Once a user begins trading, they can get up to 268 USDT extra bonuses by achieving various levels of trading volume. The bonus includes 1 USDT upon reaching 1,000 USDT trading volume, up to 153 USDT bonus after reaching 1,000,000 USDT trading volume.

*Trading Bonus up to 268 USDT

Besides trading, BigoMex has an interesting program called Captain Miner. Through this feature, users can mine USDT at certain times each day. By clicking on the bubbles, the USDT mined from Captain Miner goes to the Perks balance and can be used to deduct trading fees.

Referral program

Similar to popular cryptocurrency exchanges, BigoMex has a referral program. If User A invites User B, B gets the 5 USDT sign-up bonus. If B becomes a valid user, A will get 5 USDT.

Other than that, A will get a trading fee rebate up to 70% what B is trading.

Conclusion

With the many bonus and rewards for both first time sign-ups and active users, and the simple-to-use interface that doesn’t use complicated buttons, BigoMex is a top option for a crypto contracts trading platform. Thousands of traders have made wise investment decisions using the BigoMex platform.

Long term users get rewarded through the trading volume bonuses. New users can take advantage of the demo trading feature to practice making profit. With more trading pairs coming in the future, BigoMex is a user-friendly platform to help traders make a profit during both bull markets and bear markets.

Sign Up BigoMex to Get 5 USDT Bonus!

Der Beitrag BigoMex review & guide – User friendly crypto contracts trading erschien zuerst auf Crypto News Flash.

About AbInvesting

Before depositing money into a platform and using it for trading, every user should first check who is behind the website. In the case of Abinvesting.com, this is Hub Investments LTD, a company incorporated under the laws of Mauritius, with company registration number 176512 GBC, regulated by the Mauritius Financial Services Commission Authority (FSC), license number GB20025728 with registration address 6th Floor Tower 1 Nexteracom Biulding Ebene, Mauritius.

In addition, Hub Investments LTD makes use of Andragathia LTD (registered address: Vyzantiou 40, Strovolos, 2064 Nicosia, Cyprus, registration number HE417238) as a payment intermediary and provides payment services the platform.

Now, what does the platform offer? There is a demo account – which is a big plus to be able to test the platform – as well as a real money account and an Islamic account. Users can also choose between three account types for the real money account: Silver, Gold and Platinum. Each account type has different advantages, with the Platinum account offering the lowest spreads starting at 0.3 pips.

Regardless of the account type, there are over 350 different assets available to every trader on the platform, with over 30 cryptocurrency pairs offered, as well as currency pairs, commodities, stocks, indices and metals. Trading on AbInvesting is done via the renowned MetaTrader 4 trading software. The maximum leverage depends on the account type and asset class, but is max:

• Forex: 1:500
• Commodities: 1:125
• Cryptocurrencies: 1:2
• Indices: 1:125
• Equities: 1:50
• Metals: 1:125

Most important info at a glance

✅ Website address: https://www.AbInvesting.com
✅ CFDs: currency pairs, cryptocurrencies, commodities, equities, indices and metals
✅ Leverage: up to 1:30 (for retail traders), up to 1:500 for professional traders
✅ Minimum deposit: from $250
✅ Demo account: Yes, free of charge
✅ Deposit and withdrawal methods: VISA, V PAY, Mastercard, Maestro, Skrill, Neteller, SecureCode

**Risk Warning: The products offered by the company are complex instruments and involve high risk. Trading on such products may result in loss of your invested capital. Please ensure that you fully understand the risks involved before entering any transactions. You should never invest more than what you can afford to lose.

Is AbInvesting trustworthy and user-friendly?

As mentioned at the beginning, the question of trustworthiness is probably the most important (next to fees) when choosing a broker. In this regard, regulation by the country-specific authority is the most important criterion. AbInvesting is licensed by the Mauritius Financial Services Commission Authority (FSC). The authority ensures supervision, maintenance of sufficient capital, regular audits and security of customer deposits. Thus, AbInvesting passes this review.

In terms of website security, AbInvesting can boast secure SSL encryption to protect all data during transmission. Moreover, AbInvesting offers instant access to complex financial instruments to react to any price shift in real time. For beginners, the platform also offers extensive learning material to make it as easy as possible to get started in the financial market. For more advanced users, AbInvesting provides its customers with various complex tools to facilitate trading. All in all, this makes the platform seemingly safe and user-friendly.

Account types at AbInvesting

When choosing an account type, AbInvesting offers you three options. All accounts have in common that there are no deposit limits, no deposit fees and over 350 different assets. Depending on the account type, however, there are significant differences in the spreads – with which the platform would like to protect inexperienced traders in accordance with the legal requirements – which vary significantly.

The same applies to the spreads (while this is common in the industry):

Source: https://www.abinvesting.com/

There are also differences in the services offered by the platform. Below we have compiled the most important information:

Silver account

• Protection of funds
• Fifth decimal place
• Offering top products
• Dedicated customer support
• Spreads as low as 0.07
• Maximum leverage of 1:200

Gold account

• Protection of funds
• Free VPS
• Fifth decimal place
• Dedicated account manager
• Webinars and videos
• Swap discount 25%
• Spreads as low as 0.05
• Maximum leverage of 1:400

Platinum account

• Protection of funds
• News and price alerts
• Dedicated account manager
• Webinars and videos
• Offers of top products
• Free VPS
• Fifth decimal place
• Swap discount 50%
• Spreads as low as 0.03
• Maximum leverage of 1:500

Platforms for trading on AbInvesting

Meta Trader 4

Trading does not take place directly on AbInvesting.com, but by means of Meta Trader 4 software, commonly known as MT4, which is considered one of the most advanced and widely used trading platforms within the financial industry worldwide. Users appreciate the advanced analysis tools, as well as the large selection of charts. Ultimately, MT4 has proven itself over many years, and is therefore an excellent choice for trading

WebTrader

AbInvesting’s WebTrader is a browser version of MetaTrader 4. You only need a web browser and internet connection to get the best trading features and tools of the MT4 software, which is considered to be the leader in the industry. Through WebTrader you can analyze various market trends, prices and assets, as well as use automated trading. Last but not least, you can immediately contact the customer support and enjoy the full functionality of MT4.

Available CFDs on cryptocurrencies

On AbInvesting, you can choose from over 30 different pairs for CFDs on cryptocurrencies . As a trading pair for cryptocurrencies, you have the option to trade between the US dollar (USD), euro (EUR) or the British pound (GBP). Here is the list of the available crypto CFDs:

Trade Crypto CFDs on AbInvesting

Fees

AbInvesting does not charge any deposit fees or commission. However, the following fees apply:

• Spreads: the difference between the buying price (rate) and the selling price (rate) of the financial instrument at the same point in time. The spread is dynamic and can be a factor of liquidity in external markets and pricing by competitors.
• Rollover fee: charged on a daily basis. In the event that a spot FX transaction or the CFD transaction is not closed by the client before 21:00 GMT on the business day, a rollover fee will be charged. This is a common procedure among brokers.
• Inactivity Fee: For accounts with no trading activity, a management/maintenance fee will be charged on a monthly basis to keep such account available.

Trading accounts with no trading activity for a continuous period of 60 days are classified as an inactive account. Inactive means that you do not open or close a trade or make a deposit. Inactive accounts will be charged with an inactivity fee as follows:

• For more than 61 days of inactivity, an inactivity fee of 160 EUR
• Over 91 days up to a maximum of 180 days, an inactivity fee of 120 EUR will be charged
• Over 181 days up to a maximum of 270 days an inactivity fee of 200 EUR will be charged
• Over 271 days the inactivity fee will be 500 EUR
• or the equivalent amount in the client’s currency according to the exchange rate of the day.

Registering an account

To open a trading account with the broker, you need to follow the steps below. The process is designed to be simple and intuitive:

1. Register on AbInvesting.com by providing your name, last name, country, phone number and email address for verification.
2. Upload the required proofs, including a proof of identity and proof of address.
3. Choose your desired asset to trade and deposit the appropriate amount. Start trading!

Payment methods

The process of depositing and withdrawing funds is simple and straightforward. Deposits are processed immediately, while withdrawals take two to three business days. The following payment methods are available to you:

• VISA
• V PAY
• Mastercard, Maestro
• Skrill
• Neteller
• SecureCode

Conclusion

Our review has shown that AbInvesting is a reputable and user-friendly broker. On the one hand, the trading platform is characterized by a very robust legal framework – the broker is regulated in Mauritius. On the other hand, the platform offers its clients a first-class service by providing MetaTrader 4, educational materials and numerous advanced tools for analyzing the market

**Risk Warning: The products offered by the company are complex instruments and involve high risk. Trading on such products may result in loss of your invested capital. Please ensure that you fully understand the risks involved before entering any transactions. You should never invest more than what you can afford to lose.

Der Beitrag AbInvesting review: Guide to getting started and important information erschien zuerst auf Crypto News Flash.

Nominex is a centralized cryptocurrency exchange that was launched in m August 28, 2019, and has its corporate headquarters in Seychelles (Suite 1, Second Floor, Sound & Vision House, Francis Rachel Str., Victoria, Mahé, Seychelles.). In terms of regulation, the exchange holds a license. It is licensed by the Estonian Financial Intelligence Unit (FIU).

With its intuitive and simple user interface, the cryptocurrency exchange is especially aimed at beginners and crypto enthusiasts who have not been active in the market for so long. A unique selling point of Nominex is the trading of trust assets. This is the transfer of cryptocurrency assets from the exchange to its users, who in turn receive profits from trading these funds.

Users can deposit fiat money via “Koinal” or “Mercuryo” using Visa or Mastercard. An advantage is that no KYC procedure is required up to a trading volume of 3 BTC per day. As a centralized exchange, Nominex acts as a custodian for customer funds on the exchange. Therefore, to ensure security, 99% of all deposits are held in “cold storages” and secured with multi-sig technology.

Another attractive perk of Nominex is that there are many contests, tournaments and giveaways, so users have numerous opportunities to earn money while trading on the exchange.

A unique feature of Nominex is its token distribution model. Instead of hosting an ICO or selling tokens directly, the company has distributed, or is still distributing, its NMX tokens in various ways.  According to a December 2020 decision, token distribution will not be completed by April 2021 as originally planned. Originally, all 193 million NMX were to be issued in April 2021. But plans have changed.

The distribution will now continue for up to 100 years. The scheme calls for each next weekly distribution pool to decrease by a percentage of the previous weekly pool. Thus, 3,170,800 NMX will be distributed in the first year. This is expected to have a positive effect on the price of NMX, as the fact that the number of coins distributed is less is a factor in price growth.

What cryptocurrencies does Nominex offer for purchase?

In total, Nominex offered 50 cryptocurrencies for trading at the time of writing. As mentioned earlier, trading pairs are available for BTC, ETH, USDT and USDC. For Bitcoin, the following trading pairs were available in January 2021:

Nominex costs and fees

Like other exchanges, Nominex also charges fees. The special feature of Nominex is the NMX token. Owners of the token (on Nominex account) will have their trading fees automatically deducted from their NMX balance by default. In the first year NMX holders get a 50% discount on the trading fee, in the 2nd year 30%, in the 3rd year 20%, in the 4th year 15% and in the 5th year 10%.

In addition, trading fees are determined by the level of the user. The levels are determined based on the trading volume over a 30-day period (in USDT) and the NMX balance. Every day at 00:00 (UTC), trading volumes over the past 30-day period and current NMX balance are evaluated. The user’s tier level and the corresponding maker/taker fees are updated one hour later.

Source: https://nominex.io/fees/

How do I set up a Nominex account?

Step 1: Registration

The registration process is basically very simple and intuitive. After you visit the official website: https://nominex.io/*, click on the “Get started” button.

Nominex will then require your email address and a password. Be sure to choose a strong password (it should be unique and contain at least one capital letter and a combination of numbers and letters). After you have accepted the Terms of Use and Privacy Policy, you can click “Create Account”.

Step 2: Confirm account and 2FA

Now you will receive an email, and you can activate your account. After that, you should immediately set up Google 2FA to give your account the highest security.

Step 3: Verification and KYC

Unless you do further verification, your trading volume is limited to 3 BTCs per day. Due to this, you should activate Level 1 and Level 2.

To do this, go to your account and go to the “Profiles” section. Press “Upgrade to next level” in the “Account verification” section. You will then need to select your country and ID type to start the KYC process. Here you have several upload options such as direct upload or upload via your cell phone. Accepted types of documents include a government issued ID document: ID card, passport, driver’s license. Furthermore, you need to upload proof of your residence (utility bill, bank statement, etc).

The documents should not be older than 3 months. In the last step of the KYC verification process, you must also upload a “selfie” with your documents. After that you can press “Proceed”. The process of verification usually takes from 3 minutes to 24 hours.

>> Buy cryptocurrencies on Nominex now <<

Education platform

Another noteworthy feature on Nominex is the online educational platform, called EduCamp. This was created by Nominex together with Oles Sribny, an investor and famous trader. The highlights are:

• The course includes 150+ minutes of video content
• Unique knowledge on how to start making profits in trading
• A reward of up to 300 USDT to your account upon completion of the course

Buy and trade cryptocurrencies on Nominex

Make a deposit

Step 1: Deposit funds

Making a deposit is as easy as registering. To do this, go to the “Wallet” section of your account. Then select the currency you want to deposit. Note, however, that you cannot make fiat currency deposits at this point. When you click “Deposit”, you will be shown your deposit address (e.g. of BTC), which you can specify elsewhere.

To deposit fiat currency, there is a “Buy/Sell crypto” menu item. Here you can buy various cryptocurrencies, such as Bitcoin, Ether, Litecoin, TRON and USDT via “Koinal” or “Mercuryo” using Visa or Mastercard.

Trade cryptocurrencies on Nominex

After depositing or buying your desired cryptocurrency on Nominex, you can click on “Trade” in the menu and then “Exchange”. After that, you will find a classic and plain trading interface where you can set your desired trading pair (step 1 in the screenshot).

In the second step, you will choose a buy and sell option in the order area and select the type of order you want to place. For beginners, the easiest option for a trade is the “market order”, where the exchange of e.g. Bitcoin for Litecoin (see screenshot) is executed at the current market price and thus filled immediately.

Of course, Nominex also offers limit, stop, stop limit and other common options. Also in the 2nd step, you choose the amount you want to exchange. In the last, third step, you just click buy\sell (e.g. “Buy LTC) and place your order.

>> Buy cryptocurrencies on Nominex now <<

The Nominex wallet

As explained at the beginning, Nominex is a centralized exchange. Users can store, manage, and of course trade their cryptocurrencies on Nominex’s wallets. You can find the corresponding menu item under “Wallets”. At this point, you can also view pending or terminated transactions in the transaction history and search for them using any filter.

Nominex put to the test

Nominex reviews

There are numerous reviews of Nominex on the Internet, and the tenor is pretty clear and unambiguous. Nominex is a professional and reliable exchange, and not a scam. On Crypto Wisser, the exchange receives a rating of 3.95 out of 5 stars with 86 votes. On TrustPilot, it’s 4.6 out of 5 stars, with 61 reviews. Also, Nominex scores a 4.6 out of 5 on Revain.org. The tenor of the overwhelming number of reviews is that Nominex is a platform that is easy to use and understand due to an intuitive interface. Likewise, the daily contests and the online educational platform are highly praised.

Seriousness and security

In terms of seriousness, it is a big plus to see the real names of the employees declared. It helps if you are working with real people that you can get in touch with. Another indication of the seriousness of the platform is the KYC procedure. Even if no one likes it, KYC is necessary. It is also a sign of a professional business if KYC and AML procedures take place. Also, an important feature for security is the use of cold storage for the safekeeping of customer deposits.

Support

Even though we have not tested the support ourselves, the reviews online are mostly positive, which is not common for crypto exchanges. They are often overloaded and respond late, to not at all. This does not seem to be the case with Nominex.

Conclusion

The convincing functionality of Nominex, the predominantly very positive testimonials and detailed documentation convince us and speak for the fact that there is no reason to think Nominex is a scam. In our view, Nominex is a good alternative to established exchanges, such as Coinbase and Binance.

Key features:

• 50 cryptocurrencies, token pairs are based on BTC, ETH, USDT, and USDC
• Distribution of NMX tokens
• Easy to use and intuitive interface
• Excellent reputation on several review websites
• Highly praised educational platform with incentives

>> Buy cryptocurrencies on Nominex now <<

Der Beitrag Nominex review: Our Experience, test and guide 2021 erschien zuerst auf Crypto News Flash.

Bitcoin is an asset that inspires intrigue the world over. Nicknamed “digital gold” due to its unique properties, the cryptocurrency was the best-performing asset of the 2010s, rising from a fraction of a dollar to an all-time high (ATH) just shy of $20,000. In the final months of 2020, bitcoin’s price surged dramatically once more before achieving a new ATH of over $41,000 in early 2021. 

The headlines generated by this surge have inspired a new wave of buyers keen to add bitcoin to their investment portfolios – a desire that will only increase as governments tempt inflation by pumping trillions of liquidity into the economy. Because growth in its value cannot possibly inflate the bitcoin supply, the crypto is considered to be the “hardest” money ever invented and an excellent long-term hedge against inflation. So, how can you get your hands on bitcoin?

The easy way to buy Bitcoin

There are several ways to buy bitcoin. If you know someone who owns some, you can simply ask to buy directly from them in exchange for cash. You can alternatively locate sellers online who are willing to sell via peer-to-peer (P2P) marketplaces. Additionally, several cryptocurrency platforms feature fiat on/off-ramps, enabling users to purchase bitcoin using their credit or debit card. 

Let’s discuss the process for buying bitcoin on one such platform, the popular bitcoin exchange KuCoin. Based in Singapore, KuCoin provides digital asset transaction and exchange services for customers all over the world.

Within seconds of alighting on the website, you’ll notice ‘Buy Crypto’ at the top of the page, alongside options like Markets, Trade, and Futures. 

Hovering over ‘Buy Crypto’ will reveal your options, which comprise credit/debit card (Simplex, Banxa, PayMIR), P2P fiat trade (bank transfer, PayPal, SEPA, Interac), and fast trade. For the purposes of this article, let’s say we want to buy crypto using a debit card. Clicking this option brings up the following: 

OK, so pretty self-explanatory. Complete the form, noting how much bitcoin you wish to buy in dollar terms (or your choice of fiat currency: there are many options including GBP, AUD etc). Visa/Mastercard is pre-selected, as is Simplex, the payment gateway that will facilitate the fiat-to-crypto purchase. There will be a modest difference between Banxa and Simplex, with a ‘Best Offer’ tag attached to the option that provides the highest amount of BTC for your stipulated payment value. 

When the form is complete, you’ll be shown how much bitcoin you’re set to buy. Check the disclaimer below and hit Confirm. 

A log-in screen will now appear. If you haven’t opened an account already, select ‘Sign up now’ then enter your details. KuCoin only requires a phone number or email address: enter your email or digits and hit ‘Send Code’; depending on which choice you select, you’ll either receive an email or text message containing the code. Put this in the relevant tab, set a log-in password, check the Terms of Use box, and sign up.

Having signed up, you’ll see an order summary. Simply enter your details, including your name, date of birth, and home address. Then hit Submit verification. Thereafter, you’ll receive your BTC deposited directly into your KuCoin wallet. 

All in all, the process of buying bitcoin via KuCoin is a breeze and can be done in less than ten minutes. Bitcoin isn’t the only supported cryptocurrency either: you can take your pick of altcoins, including ETH, XRP, TRX, LTC, and BCH. You can also buy US-pegged stablecoins such as USDT and USDC, assets that play a vital role in trading if you’re into that kind of thing.

When you’ve made your purchase, you can view your account via the website or the official KuCoin mobile application, from which you can also dispatch funds to another address, receive digital assets, view your order history, check price charts and trade.

Demystifying Bitcoin

As a provably scarce asset, bitcoin is only likely to attract more interest in years to come. If you’ve yet to purchase your first BTC, there’s never been a better time to give it a go. The process is far quicker and easier than you may have suspected. Once completed, and the coins – or fractions of a bitcoin, since you’re unlikely to purchase a whole BTC – have been added to your wallet, congratulations: you’re now a cryptocurrency holder, or “hodler,” as they’re known. Whether you choose to use your BTC for trading, digital payments, or saving is your call. Once you’ve acquired your first coins, you can afford to take your time mulling over what to do with them. After all, bitcoin isn’t going anywhere. The world’s original cryptocurrency is here to stay.

Der Beitrag How to buy Bitcoin in 2021 erschien zuerst auf Crypto News Flash.

Bitcoin Store: Important facts

The Bitcoin Store was founded in 2017 and is an exchange for Bitcoin and other popular altcoins. The platform is a suitable alternative for beginners and experts. Bitcoin Store is based in Croatia and is connected to the www.Bitkonan.com exchange, which was founded in 2013 as one of the first cryptocurrency exchanges. Digital Assets d.o.o. is the parent company of both entities, registered in Split, Croatia. It was co-founded in 2013 as a limited liability company by Šime Bakić, Jakov Dolić and its current CEO, Tomislav Vajić. According to its website, the company consists of a team of “crypto-enthusiasts”.

As a company registered in Croatia offering crypto-related services, a license is required. The company has acquired this license from HANFA (Croatian Financial Services Supervisory Agency). Furthermore, as a European based company, the exchange is also subject to the strict European Union guidelines regarding AML and KYC, which is definitely a seal of quality and trust for the exchange.

The financial information of the exchange’s parent company, Digital Assets, is also publicly available and is part of the Croatian court records, which can be found under the numbers OIB (37096783668) and MBS (060297216). Accordingly, the company’s business activities include brokerage, trust and virtual currency exchange and custody services.

What does Bitcoin Store offer?

The platform offers support for 3 languages (English, German and Croatian) and has an offer that includes more than 80 cryptocurrencies. Bitcoin Store users can choose between the biggest winners of the top 20 or the tokens with the best profits in the DeFi sector:

• Bitcoin (BTC)
• Ethereum (ETH)
• Tether (USDT)
• XRP
• Chainlink (LINK)
• Litecoin (LTC)
• Bitcoin Cash (BCH)
• Polkadot (DOT)
• IOTA (MIOTA)
• Wrapped Bitcoin (WBTC)
• Aave (AAVE)
• Yearn.finance (YFI)
• compound (COMP)
• Uniswap (UNI)
• Curve (CRV)

In addition, local users have the advantage that they can use the physical store to buy cryptocurrencies. Currently, the Bitcoin Store website shows that there are 3 physical stores (https://www.bitcoin-store.hr/en/stores) in Croatia. In addition to the possibility to buy Bitcoin, users can also take advantage of financial advice from the specialized staff. They can help you choose and install a crypto-wallet and also give instructions on how to create a backup for it.

Source: https://bitcoin-store.hr/en/stores

Prices for the purchase of cryptocurrencies in the Bitcoin Store

Users of the Bitcoin Store can buy cryptocurrencies with the assurance that there are no temporary or hidden fees. The exchange only adds a 1.9% fee for online transactions (for the most popular and liquid crypto coins). The sales fee is calculated in relation to the “price movements on the world’s stock exchanges” as indicated on the website. For cash purchases or sales in the stores, the fees are up to 4-5% due to bank charges for cash manipulation.

As a buyer or seller, you will see the price of the cryptocurrency you want to buy when you fill in the transaction information. The exchange also states that the fee for a transaction is not guaranteed if the buyer/seller is not registered (and verified) in the Bitcoin Store, and it is only set when the Bitcoin Store receives your deposit. So if the price fluctuates significantly, you may have to pay a difference. Registered users, on the other hand, have a guaranteed purchase price, so you should always log in to the platform before buying.

Source: https://bitcoin-store.hr/en/buy-sell/BTC

Account verification and KYC

Bitcoin Store only allows registered and verified users to trade EUR. In this way, the exchange implements the strict guidelines of the European Union.

For the safekeeping of your cryptocurrencies, the platform offers a dedicated Bitcoin Store wallet. You can of course also use your own personal wallet, such as MetaMask or Exodus, and withdraw the crypto coins from the exchange.

Registration with Bitcoin Store

To trade BTC and the cryptocurrencies available on the Bitcoin Store platform, all you need to do is complete the simple registration process. When you enter the exchange, go to the registration option and enter the required information: name, email and a password. Then go to your inbox in your mailbox to confirm your email address.

Under the menu item “Buy/Sell” you can choose the cryptocurrency you want to buy or sell. To do so, click on “I’m buying” and then enter either the Bitcoin amount or the Euro amount you want to buy. In the line below, see screenshot, you have the option to select the Bitcoin Store wallet or to enter your own wallet address. Again below, you can choose whether you want to pay with your deposited funds at the Bitcoin Store or by bank transfer. If you do not have a discount code, you can click on “Buy” afterwards.

Deposit funds in the Bitcoin Store

Once you have completed the process described above, you can make the transfer using the information provided by the exchange. Before you complete the process, please note that Bitcoin Store only works with the currencies mentioned (EUR, HRK). After you have made the transfer and it is confirmed by the exchange, the amount will be transferred in the cryptocurrency you purchased.

Furthermore, you should consider that the transactions are processed manually, so they are done during office hours: Monday to Friday from 8:00 in the morning to 20:00 in the evening, Croatian time, and on Saturdays from 8:00 in the morning to 14:00 in the evening.

The Bitcoin Store wallet

The Bitcoin Store Wallet offers a simple and fast option for storing Bitcoin and altcoins, especially for newcomers who do not want to go through the complex process of setting up their own wallet. However, as we write in all our wallet reviews, it is safer to set up your own wallet or even buy a hardware wallet. True to the motto “Not your keys, not your Bitcoin” each cryptocurrency owner should be his “own bank”.

Nevertheless, the Bitcoin Store wallet can be at least at short notice a good option, in order to store cryptocurrencies. An important factor is that the platform offers 2-factor authentication, which gives your account and thus your wallet a high level of security.

For the safety of the user funds, Bitcoin-Store uses a combination of hot and cold wallets. Furthermore, all wallets are protected by multi sig security. Users can also protect their own funds by turning on 2FA protection on their accounts what is highly recommended.

To create a new external wallet, just click on your account area (under your name) and you can create a new wallet under “add wallet”, see screenshot. If you want to use the Bitcoin Store Wallet just click “Bitcoin Store Wallet” below your name (in the image). 

Bottom line: Buying Ethereum, BTC, XRP from the Bitcoin Store

The Bitcoin Store is an established exchange based in Europe, which is particularly interesting for Bitcoin and crypto enthusiasts from Croatia and Europe. Compared to other exchanges where you can buy BTC and co. by bank transfer, the fees (1.9% online) are very fair and rather in the lower range compared to other exchanges. In addition, there are currently three physical stores in Croatia, where interested persons can get detailed advice and also buy or sell Bitcoin and other cryptocurrencies for cash.

Der Beitrag Bitcoin Store: Largest Croatian cryptocurrency exchange put to the test erschien zuerst auf Crypto News Flash.

About Brokereo

Brokereo.com domain is operated by Concorde Investments (Cyprus) Ltd, authorized and regulated by the Cyprus Securities and Exchange Commission (License number 189/13). The head office is located at Pavlou Nirvana No.4, ALPHA TOWER, Office N.13, 3021 Limassol, Cyprus. Users can choose from 3 account types at Brokero: Silver, Gold and Platinum to trade more than 300 CFD financial instruments. The portfolio includes more than 30 cryptocurrency CFDs as well as currency pairs, commodities, stocks, indices and metals. Each account type has different features and benefits, with the platinum account offering the lowest spreads starting at 0.3 pips.

Trading on Brokereo is done using the world-renowned trading software MetaTrader 4, with a web version and a mobile trading application. Users also have access to a wide range of research and training resources, including eBooks, quotes, tutorials, daily news articles and videos. Furthermore, customer support is available Monday through Friday from 8:00 to 17:00 GMT (Silver account).

Main info

✅ Website address: https://www.brokereo.com
✅ CFDs: currency pairs, cryptocurrencies, commodities, shares, indices and metals
✅ Leverage: up to 1:30 (for retailers), up to 1:500 for professional traders
✅ Minimum deposit: from $250
✅ Demo account: Yes, free of charge
✅ Deposit and withdrawal methods: credit cards (Visa, Mastercard, Maestro, V Pay), bank transfer, Neteller and Skrill

**Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. 

Is Brokereo trustworthy and secure?

An essential question when choosing a broker is whether the broker is secure and trustworthy. An important indication of this is always the issue of a license by a financial supervisory authority. Brokero can refer a license from the Cyprus Securities and Exchange Commission, better known as CySEC, which is the financial supervisory authority of the European country of Cyprus. The Authority ensures supervision, maintenance of sufficient capital, regular audits and security of client deposits.

In addition, the CySEC ensures that the broker does not interfere in fraudulent activities, while the users’ deposits and their profits are kept separate from the company’s business accounts. Furthermore, Brokereo offers protection against a negative balance. The moment your account balance reaches zero, the Broker automatically closes the position, so you cannot slip into the negative. Another advantage of the CySEC regulation is that there is an equalization fund in case Brokereo has to close unexpectedly.

With regard to the security of the web site, Brokereo uses secure SSL encryption to protect all data during transmission. All transactions are transmitted by first level PCI compliance services to securely store and manage all information entered. This ensures that all sensitive information is secure during the entire use of the website.

Account types at Brokereo

At Brokereo you can choose between three types of accounts. All accounts have in common that there are no deposit limits, no deposit fees and offer over 350 different CFDs. The maximum leverage for retailers goes up to 1:30. If you choose a professional account, the leverage goes up to 1:500. There are also significant differences in spreads, which decrease significantly if you choose a Gold or Platinum account:

Silver account

• Max. FX leverage: 1:30 (for retailers)
• Spreads starting from 1.0
• More than 300 assets
• 24/5 support

Gold account

• Max. FX leverage: 1:30 (for retailers)
• Spreads starting from 0.4
• More than 300 assets
• Account Manager

Platinum account

• Max. FX leverage: 1:30 (for retailers)
• Spreads starting from 0.3
• More than 300 assets
• Account Manager

Platforms for trading on Brokereo

WebTrader

Brokereo’s WebTrader is a browser version of MetaTrader 4, which means that you have the best trading features and tools that the MT4, widely used in the industry, offers to its users, whether it is thousands of technical indicators or automated scripts. With WebTrader you can analyze the different financial markets and access the various charting tools and a watch list in the standard workspace, as well as use automated trading. You can also contact the customer support and enjoy the full functionality of MT4.

Mobile Trader

Brokereo’s mobile app is available for iOS and Android devices and is designed to make trading quick and easy. The app offers real-time streaming quotes with built-in charts, technical indicators, trade alerts and push notifications. Similar to the WebTrader, the Mobile Trader is also based on the MT4 software.

Available CFDs on cryptocurrencies

Brokereo offers 30 different CFDs on cryptocurrencies , which can be traded either in US dollars (USD), euros (EUR) or the British pound (GBP). The great advantage of CFDs over “real” cryptocurrencies is that you do not bear the risk of storage. This means that you do not have to worry about keeping them in a wallet. Below you will find the list of available crypto CFDs:

Trade crypto CFDs on Brokereo

Fees

First of all, Brokereo does not charge any deposit fees or commission. However, the following additional fees may apply:

• Spreads: the difference between the purchase price (price) and the sale price (rate) of the financial instrument on the same date. The spread is dynamic and can be a factor that influences liquidity on external markets and the pricing of competitors.
• Rollover fee: charged daily. In case a spot foreign exchange transaction or CFD transaction is not closed by the client before 21:00 GMT on the business day, a rollover fee is charged. This is a common practice among brokers.
• Inactivity Fee: For accounts with no trading activity, an administration/maintenance fee is charged on a monthly basis to keep such an account available.

The monthly inactivity fee for 61 to 90 days is 80 EUR per month. The account will then be retroactively debited with 80 EUR for each month of management or the equivalent amount in the client’s currency according to the exchange rate of the stock exchange on that day. For example, for 2 months the fee is 160 EUR = (80 EUR ×2). The fee increases according to the duration of inactivity as follows:

• 91 to 180 days: 120 EUR per month or the equivalent in the client’s currency according to the exchange rate on that day
• 181 to 270 days 200 EUR per month or the equivalent in the customer’s currency according to the exchange rate on that day
• Over 271 days 500 EUR per month or the equivalent in the customer’s currency according to the exchange rate on that day

Payment methods

At Brokereo you can choose from many different payment methods, namely: credit cards (Visa, Mastercard, Maestro, V Pay), bank transfer, Neteller and Skrill.

Conclusion

Our research has shown that Brokereo is a serious and secure CFD broker. On the one hand, Brokereo is characterized by a very robust legal framework. The Broker is regulated by the Cyprus Securities and Exchange Commission (CySEC), which is a well known and trusted European regulator. On the other hand, Brokereo offers a large number of CFDs and, with MetaTrader 4, a powerful, industry standard trading software. On the platform, 30 different cryptocurrencies can be traded as CFDs, as well as CFDs on forex, cryptocurrencies, commodities or shares, with leverage for professionals up to 1:500.

**Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. 

Der Beitrag Brokereo review: How does the new CFD broker from Cyprus perform? erschien zuerst auf Crypto News Flash.

One of them is the renowned provider ScryptCube. The platform offers Cloud Mining for Bitcoin and other cryptocurrencies and is dedicated to making the entry into the mining business as easy as possible. We took a closer look at the provider and show you whether you can use ScryptCube easily and without any problems.

ScryptCube Mining: Easy and secure for all investors?

ScryptCube is a provider of cloud service solutions based in the United Kingdom. The company wants to make Bitcoin Mining accessible to everyone and has therefore set the entry threshold for customers relatively low. It is already possible to use cloud mining contracts for low performance of 100GH/s.

This allows potential investors to carry out BTC mining with little capital and to try out the platform step by step. The first step is to register on the official website, create an account and provide personal and payment information. When this has been successfully completed, you can have a look at the clearly arranged dashboard. You can use Visa, Mastercard or even Bitcoin for the deposit.

Source: https://scryptcube.com/

Even for inexperienced users it is possible to use the services of ScryptCube. There is a very detailed FAQ section. Furthermore the customer support of ScryptCube can be contacted at any time via the ticket system. The prices are simple and clearly arranged.

There are 2 different contract forms: Bitcoin Mining for 1 year with a price of 1.90 USD per 100 GH/s and a 2-year contract with a price of 3.50 USD per 100 GH/s. You can effectively save on the larger package.

The contracts can be designed flexibly so that the right hardware performance and price is available for every investor. There is also a calculator on the website, with which the investment as well as the resulting profit can be calculated. In the dashboard you can see which contract you have selected and how much Bitcoin you have on your wallet.

Source: https://scryptcube.com/

You can also adjust the contract at any time and buy more hashrates. In addition, there are detailed statistics on all mining key figures, which can be viewed in real time on the website or app. ScryptCube guarantees a once completed operating period, constant fees and the maintenance of all conditions entered into at the time of signing the contract.

Conclusion on ScryptCube Mining

Although we are not experts in the mining business, we know our way around. We are really completely satisfied with the range of functions and the support. We received an answer from the support within 24 hours.

ScryptCube has been selling hashrates since 2016 and can look back on a long experience in the business. The payout of the Bitcoins we used including our winnings was very simple and worked without any problems. We can recommend the platform for both beginners and advanced users.

If you have any questions about the provider, feel free to contact us by mail or contact the company via Twitter, Facebook, Instagram or via the Telegram chat.

Der Beitrag ScryptCube Cloud Mining review: Is the provider secure and reputable? erschien zuerst auf Crypto News Flash.