Avatrade forex review dubai
The organization has become an expert in providing different financial products under its various brands, which allow traders from different categories to invest in the financial markets according to their specific requirements. GAIN Capital also appears to be the primary choice for banks and institutional traders due to their excellent service offerings, which enables the company to be ranked as one of the top Forex brokers in the global financial market.
GAIN Capital offers different financial products under different brand names. GAIN Capital also provides access to shares and indices trading through its exchange trading brokerage in Chicago, known as Daniels Trading. Every different brand has different account options, which are designed to suit the different regulatory requirements of that particular jurisdiction. The comparatively higher deposit requirements and lower leverage are designed to deter traders from using too much margin and succumbing to the volatility of the markets.
Of course, US traders will have to accommodate even lower leverage of 1: The spreads for the standard market maker and STP accounts fluctuate between 2 to 5 pips on average. For lower GAIN Capital spreads, a trader must open an ECN account at GTX, which should help traders to tap into a global liquidity pool to enjoy fast execution times, experience limited requotes, and trade with tight spreads.
Of course, GTX accounts do charge a commission per trade, which is a small price to pay for enjoying the best trading conditions. GAIN Capital has licensed third party platforms on top of designing their own proprietary platforms, in a bid to satisfy a significant part of the retail traders that are looking for multiple options in their choice of a platform.
DIFC is one of the lesser known regulatory organizations that is highly intent on protecting the welfare of the Middle Eastern investors, which makes it a highly respected authority in the Gulf region. HYCM offers a branded trading platform known as the PrimeTrader that provides the entire different assets through a robust and user-friendly trading platform for desktop users.
The PrimeTrader was launched only recently, and the platform is still in its initial phase of testing and implementation. Being a new platform, PrimeTrader is bound to have a few bugs and issues.
Therefore, it is only recommended for traders who trade with a small percentage of their equity and lower leverage, as it is easy to face significant losses if the platform freezes during high-volatile events.
For more stability in your trading, you can also choose the MT4 terminal as the HYCM platform, which is the best option for professional traders and scalpers without worrying about the platform freezing up during a trade. MT4 is a tried and tested platform, and there are rarely any issues with the software.
All trading interfaces are connected to fast and efficient servers, but being a market maker model, traders should expect re-quotes and slippages, as well as extra wide spreads during both low volume and high-volatile sessions. The broker used to provide an HYCM bonus for traders making a deposit into their live trading account, but it seems that the broker no longer offers any bonus due to the conflict of interest with clients.
Bonuses also make it difficult to make a withdrawal, as traders are required to satisfy all the terms and conditions of the bonus before initiating a withdrawal, and more often than not, traders and their brokers always get into a conflict regarding the applicable rules and policies. Nevertheless, HYCM is following the footsteps of other FX brokers by offering a loyalty program that provides a cash rebate by accumulating certain lot conditions.
Such a loyalty bonus program is free of any terms or conditions, which allows clients to withdraw their loyalty bonuses without any strings attached. Clients can contact HYCM through three different forms of customer support channels, direct phone, email, and live chat. HYCM has been in the business for a long time and is aware of the significance of improving customer satisfaction by listening to their clients.