If you looking for a new, innovative approach to online forex trading then read on…
There are a many online forex programs and brokers that claim to offer the perfect answer to the Forex trader. We decided to do some investigating and see which of the many brokers and programs really lived up to its name. After a lot of searching and testing, we found a new and unique trading platform where, on the same screen and at the same time you can trade in foreign currency pairs, financial indexes and stocks and commodities. You pay no commission on any of your trading activities; it’s all in the spread between purchase price and selling price just like FOREX.
The first thing we did was to see how easy it was to set up shop and start trading. Nothing could be easier or quicker than downloading and installing the program. The entire process is simple and clear and enables you to open an account, either real or “Demo” and begin trading within a surprisingly short time.
Then we started to see how the program works. We have seen and checked a lot of online forex trading programs. Many do an excellent job but are clumsy and have a steep learning curve making it difficult for the novice, and even the experienced, trader to work. We were surprised at the ease of this system, clear, logical and it’s obvious that a great deal of thought has gone into the development of the platform. Even when performing relatively complex tasks such as moving from one currency pair to another or a foreign currency pair to financial indexes or shares; the system works quickly, smoothly and efficiently. Every transaction takes place on the screen in front of you – you have total control and constant up to date information. . If you want a number of investment channels, you don’t need to open different accounts. The same account and the same program can be used even if you decide to divide your investment portfolio over a wide spread of investment opportunities and channels.
You are working with one broker with customer service available 24 hours a day. And if that isn’t enough, the system provides you with real-time quotations taken from alternative stock markets, options for Trailing Stop trading and the ability to concentrate each of your investment channel’s on the most popular and favourable options whether currency, stocks or indexes . Also, if you prefer, you can show in one window your most important investments. This makes tracking your transactions much easier and your trading experience more enjoyable and more efficient and, more profitable!
The platform exists and is ready for you to download and to start trading today. It is constantly being updated and developed to provide you with the best and most professional trading platform available. Some of the tools you may need to analyze your portfolio are not yet available in the current version of the program – that is simply because the developer’s won’t settle for second best and are committed to providing their customers with the best possible platform. One thing we are confident of, even if you use an external program for analytical purposes, you’ll complete your transaction with this broker and the new trading program because it is so clear, logical and simple to use. Whilst you are trading with the current version of the program, the development of the final version is forging ahead and, when it is released, we believe that you will see that the wait was well worth your while because all the additions and improvements will bring you an excellent return.
10pips.com online forex trading – Program characteristics:
• “Demo” Trading – Yes and with no time limits. Score: 10
• Minimal first investment required -Anywhere between 50$ – 100$. Score: 9.7
• Deposits and withdrawals possible with – Credit card, bank transfer, internet account, PayPal. Score: 10.
• Spread – 2-5 with the more popular investments (foreign currency). Permanents: do not change during the trading session. Score: 8.3
• Stop Point- You must consult the broker regarding a guaranteed Stop Point
• Leverage – From 1:50 to 1:200 (dependant on the chosen investment channel). Score 8.7
• Interest – calculated according to the transaction. Calculation times for each channel are clearly displayed.
10pips.com online forex trading – Tools for the trader:
• Technical and professional support – 24 hours a day. Score: 10
• Trading courses – the site provides basic trading knowledge and information.
• Range of currency pairs, stocks, financial indexes and commodities – a range of foreign currency pairs, financial indexes, stocks, and commodities, mainly the more popular. Score: 8
• Language interface – support for seven languages.
• Bonuses – monetary gifts for trading plus other bonuses based on deposit levels.
• Trading platform – Downloadable to any computer. Easy to use, trade, track and supervise transactions.
• Allows for foreign currency trading and differential index trading, commodities and stocks all with the same program.
10pips.com online forex trading – Advantages:
• Innovative and original approach to trading.
• Ease of use.
• Excellent range of pairs, indexes and shares.
• The platform allows for multiple trading over a wide range of investment channels all at the same time and on the same screen.
• No commissions, calculations on the basis of spread only with complete transparency
• An easy to understand, up to date picture of the current situation.
Obviously, nothing is perfect, but this broker is nearly that. Supporters of multiple-choice trading in shares and indexes may find a lack of diversity with this broker. The fact that the program is still being developed can slightly hinder trading but the addition of new, advanced functions is fast and efficient and each new addition is up to the same high levels of quality. The broker does not offer courses, an on-line trading room or any additional tools that you may find in other programmes, however, this is not critical to the average trader and the advantages of the program more than make up for this lack.
Weighted Score for this broker: 9
Please note: as in any business or commercial enterprise, brokers may, from time to time, change their offers and conditions. Additionally, the benefits given to traders may also be changed. So, when deciding to work with the broker, it is worthwhile checking to see if any changes have been made or are imminent to the details presented in this document.
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