Nowadays, you can easily learn trading from free forex webinars provided by forex brokers. Find out more about these webinars in this article.
Many traders would step into the forex market expecting to get a huge profit in a short period of time. While it is true that the forex market is massive, highly volatile, and has a high chance of profit, the market is also highly competitive, complicated, and risky. There is no guarantee that the traders' funds will be safe and bring profit every single time. Even professional traders experience loss from time to time. They could fail miserably if they pick the wrong move or predict the wrong outcome.
So, it is not easy to consistently win in the forex market, especially if you just started trading. For that reason, every trader needs an effective trading strategy that can help them compete against other participants in the market, including other traders, hedge funds, and even large multinational corporations.
Now to build a proper trading strategy, you need to be smart and speculative. There are solutions to make traders get over the learning curve: trading courses. Many forex brokers have started to offer their clients learning programs in recent years, usually for free. So, traders are only required to register an account with the broker to access these educational programs. One of the most practical learning methods is the online forex webinars provided by the forex broker. This article will talk about the advantages of free forex webinars provided by forex brokers and the list of brokers that provide the service.
Table of Contents
Forex Webinars Explained
If we break it down, the term "webinar" comes from the words "web" and "seminar". In short, webinars are seminars held via an online network. Forex webinars contain educational materials, which, in this case, are about forex trading. The instructor will provide presentations, trading simulations, video tutorials, or other learning tools. The program can be structured to accommodate traders from all levels, from beginners to advanced.
See also: Best Forex Broker for Beginners
Webinars provided by forex brokers are typically free, so it is very beneficial for traders who want to learn more about forex trading. Not only that, because all processes are carried out virtually, so it is not limited to distance and location. Besides, many brokers offer webinars in various languages or provide subtitles in the videos. For international traders who can only speak certain languages, a course like this can be beneficial.
Especially during the coronavirus pandemic, webinars are even more convenient because it allows traders to attend a seminar without having to meet each other physically. Even more, this learning method is ideal for traders who feel more comfortable listening to tutors' explanations than reading the materials themselves. Some brokers even provide opportunities for the webinar participants to discuss and ask questions directly to the instructors.
Things to Consider in Choosing Forex Webinars
With the increasing number of webinars offered by brokers recently, there are several qualities that you should take into account before choosing one:
1. The Flexibility of Time and the Supported Language
Some trading courses need more commitment than others. Pay attention to the duration of each webinar provided by the broker, make sure that the webinar's duration is worth the amount of lesson that you will get. Also, since many webinars are live programs, it's important to keep track of the schedule so you won't fall behind or come in late. Apart from the time, you should also check the language used. Most brokers offer English webinars as the main program, but some brokers offer webinars in some other languages as well for non-English speakers.
2. The Cost
Most brokers provide free webinars for their traders. However, although it is referred to as free, some brokers set additional requirements such as opening a real account or depositing a certain amount of funds. If you consider the requirements still affordable and the webinars worth checking out, then go on. But if you have any objection to the conditions given, you can either find another broker or watch free webinars on Youtube.
3. The Course and the instructor's Credibility
If you want a high-quality webinar, you can search reviews about the broker first. Some brokers are widely known to provide excellent educational programs in the form of free forex webinars. You can also find out more about the reputation of the webinar's mentors or instructors. Usually, the instructor is an expert trader with many experiences and a good track record. The more information you can gather from the instructor who will teach in the webinars, the better.
Be careful of scam brokers that promise free courses about getting instant profits or building a perfect trading strategy that works every time. Remember that a solid training program won't promise anything unrealistic like that. They will only emphasize the importance of trading with tested strategies and realistic information about the forex market.
Forex Brokers Offering Free Forex Webinars
As a part of their strategy to attract clients and commitment to serve the best trading support, brokers started to offer free webinar programs in the last few years, making it easier for traders to find free educational materials regarding forex trading from reliable forex instructors. Here are 5 examples of forex brokers that provide free forex webinars.
Interest rate on funds
Trading by telephone
Islamic accounts available
Requires sending documents via postal mail
Established in 2009, XM is a member of an online brokerage company called Trading Point of Financial Instruments Ltd. In providing clients on a global scale, the company has branched into XM Australia and XM Global, and XM Cyprus. Each member has different headquarters and licenses, with XM Australia registered under the Australian Securities and Investment Commission (reference number: 443670), XM Global under the IFSC (60/354/TS/19), and XM Cyprus under the Cyprus Securities and Exchange Commission (reference number: 120/10).
XM is one of the more experienced brokers in the world of online forex trading today. Since its founding, the broker has experienced a lot of changes, including the addition of the Ultra-Low Account and Webinar feature that is accommodated in 19 different languages with 35 native instructors for each language.
In terms of trading instruments, XM is a well-known diverse class assets provider, varying from Forex, Commodities, Equity Indices in CFDs, Precious Metals, Energies, to Shares. XM prides itself to be the ideal broker in trading execution, offering a stat of 99.35% orders to be executed in less than 1 second. Trading in XM would be also provided with a strict no requotes policy, no virtual dealer plug-in, no rejection of orders, real-time market execution, and the choice for traders to place orders online or by phone.
Spreads on all majors can reach as low as 0.6 pips in Ultra-Low Account, while spreads on other accounts usually start from 1 pip. Instead of providing maximum leverage on the scale of 1:500 or 1:1000 (round numbers), XM chooses to limit their leverage on a 1:888 scale, a unique number that is now widely recognized as XM's trademark.
To protect the client's fund in the event of extreme volatility, XM presents each account type with Negative Balance Protection. The deposit starts from $5 in Micro and Standard Account, while Ultra-Low Account requires a minimum deposit of $50. Traders who open accounts in XM are enabled a condition similar to a Cent Account environment in the Micro Account, in which the Contract Size for every lot is only 1,000 units. If it is applied with the smallest lot size in the MetaTrader platform which amounts to 0.01, it means that traders can go as small as 10 units per trade.
For the deposit, XM applies zero-fee deposits in most of its available payment methods. Traders can choose to fund or withdraw their accounts via wire transfer, credit card, as well as the most favorable e-payment choices like Skrill, Neteller, and FasaPay.
XM also provides an Islamic Account for Muslim Traders obligated to Sharia Law that prohibits the use of interest generated by overnight swaps for each currency pairs. To give their clients the best experiment in trading, XM has given access to both MT4 and MT5 platforms, each is available for more than 6 display formats (PC, Mac, Multiterminal, WebTrader, iPad, iPhone, Android, and Android Tablet).
All in all, there is no doubt that XM has gone global with its deep commitment to providing trading services in more than 15 languages around the world. Aside from easing traders' experience with mainstream trading platforms and high-quality trading execution, XM is open to various types of traders, from small capital traders to the more experienced ones with big deposits at the ready. Traders are even provided with a Cent Trading environment should they choose to register under Micro Account.
XM is one of the globally recognized brokers that include free weekly webinars. The webinars are available in over 10 languages and quite informative in appearance both for beginners and advanced traders. According to the broker's webinar guide, the webinars are meant to signify XM's commitment to providing free forex education for traders. This aspect can also determine the broker's credibility because most scam brokers don't even bother with the traders' knowledge and skills. Even worse, they would trick their clients into losing the trade.
To participate in the XM weekly webinars, traders only need to register, open an account, and choose which webinar to participate in. After completing the registration process, traders will receive a confirmation email containing instructions on participating in the free webinars.
Variable and Fixed
Islamic accounts available
Since 2009, the action of FBS Holding Inc. or known as FBS in the world of forex trading has been recognized by various international institutions. With clients reaching 14 million as of 2019, FBS has received the title of Most Transparent Forex Broker 2018, Best Investor Education 2017, Best Customer Service Broker Asia 2016, IB FX Program, and many others.
FBS is regulated by IFSC Belize and CySEC Cyprus. This broker has been trusted by millions of traders and 370 thousand partners from various countries. Based on their data, FBS garners about 7,000 new traders and partner accounts every day. And, 80% of the clients stay in the FBS for a long time. No wonder the broker is growing rapidly due to the incredible growth in the number of clients.
Trading products offered by FBS range from forex, CFD, precious metal, and stock. For forex trading, CySEC-regulated FBS offers leverage up to 1:30 on Cent and Standard Accounts. Clients who want to try higher leverage than that can alternatively register an account under FBS Belize.
In all types of accounts, provided spreads start from 1 pip. On a standard account, volume orders can be made from 0.01 to 500 lots. Therefore, this account is recommended for experienced traders.
Whereas on Cent Accounts, volume orders can be carried out with a maximum of 500 cent lots or the equivalent of 5 standard lots. Cent Accounts involve a different level of risk. FBS recommends Cent Accounts for beginner traders. All account types support the following trading tools: 28 currency pairs and 2 metals.
Before plunging into the real forex market, traders can practice with FBS Demo Account which consists of two types, i.e Standard and Cent.
FBS uses the MetaTrader 4 and MetaTrader 5 platforms. They offer them on Windows and Mac as well as Android and iOS mobile. These platforms provide a trading experience at traders' fingertips, allowing traders to progress as a trader anywhere at any time.
MetaTrader platforms also have a variety of mainstay features, including the possibility to create, buy, and use expert advisors (EA) and scripts, One-click trading and embedded news, technical analysis tools, the possibility to copy deals from other traders, hedging positions, and VPS service support.
Another advantage provided by FBS is a deposit bonus of 100% for clients who fulfill certain requirements. The process of depositing and withdrawing funds can be run easily and quickly. Based on clients' testimonies, each process usually takes no more than 3-4 hours, except on holidays.
To increase the security of client funds, FBS also provides segregated account where 70% of funds can be deposited in the client bank. This broker also presents something unique; a guarantee 10% to 100% of the deposit fund. If a trader loses funds during a transaction but is insured, FBS will refund the trader's funds.
Traders also have the opportunity to develop a side business when trading with FBS, namely as an Introducing Broker (IB) or Affiliate. The FBS partnership system provides partner commissions that are already in 3 level positions. Only by introducing new clients to FBS according to certain procedures, traders can earn extra income.
Traders will also get trading education experience at FBS. They have prepared a comprehensive forex course. The course consists of 4 levels: beginner, elementary, intermediate, and experienced. Traders can take courses that will turn them from newbies to professionals. All materials are well-structured. Besides, FBS provides various forex analyzes, webinars, forex news, and daily market analysis that can be accessed easily on their site.
Traders can access the FBS website with many language choices. Of course, this will increasingly provide comfort for traders. Available languages include English, Dutch, Italian, French, Portuguese, Indonesian, Spanish, and others. Live chat support is also provided 24 hours 7 days a week.
In conclusion, FBS is a widely known broker among retail traders around the world. It continually grows to become a preferred broker because of flexible trading conditions that enable its clients to trade with various instruments, low deposit, and other trading advantages.
FBS is the next broker that provides free forex webinars for its traders. The free webinars are usually held weekly, and cover various themes suitable for almost any type of traders. The materials include real-time analysis, event trading, trading skills, and market analysis. Tips are also offered on how to manage the risks of trading.
Additionally, FBS provides information on the current trends and future price movements in the forex market. The webinars are only available in English, and the speakers are top analysts. Registering to FBS forex webinars is quite easy; you only need to enter your name and email address in the required fields. Not only webinars, but FBS also offers other educational programs such as daily analysis and online trading courses.
Interest rate on funds
Trading by telephone
Islamic accounts available
OctaFX is one of the most famous brokers in the world and has won many awards for its very comfortable trading atmosphere and proximity with customers. OctaFX was founded in 2011 with headquarters in Strovolou 47, Kyros Tower, Nicosia.
Prestigious awards that have been received by OctaFX include the Best ECN/STP 2019 and the 2019 Best Broker in Asia given by FX Daily Info. The Global Banking and Finance Review magazine also gave the Best Broker award in Asia in 2018 to this broker. More than that, there were also awards from European CEO Magazine (Best FX Broker 2018 and Best Trading Conditions).
For traders in most countries, OctaFX is under the authority of Octa Markets Incorporated and is registered in Saint Vincent and the Grenadines. This broker also provides various facilities, such as providing support services by live chat and WhatsApp in Indonesian. Not only that, deposits and withdrawals of funds can be done through various local banks. OctaFX does not charge commissions for every deposit and withdrawal of funds made by traders.
OctaFX offers different types of accounts that are carried out with market execution (STP/ ECN) and floating spreads from 0.2 pips. A variety of forex strategies, ranging from Scalping, Hedging, and the use of Expert Advisors are permitted in all accounts at OctaFX brokers.
There is also a fixed exchange rate offer when opening a Micro MT4 account. All deposits made in IDR will be calculated at the rate of USD1 = Rp10,000 and will be entered into the trader's account balance. Also, Swap-free accounts are available for Muslim traders who want to avoid overnight interest.
Trading in OctaFX is also suitable for novice traders. Because OctaFX offers low spreads, which are floating starting from 0.0 pips. The required initial deposit is also low, only USD50. The currencies used on the account are US Dollars and Euros.
OctaFX gives a bonus of 50% each time a trader makes a deposit. That way, the capital gained by the trader becomes bigger. Opportunities to open positions increased and deposit bonuses can be withdrawn on the terms and conditions.
If traders are still confused about calculating profits, the OctaFX platform provides a trading calculator for each account type. Traders only need to enter the currency pair being traded, the amount of leverage, the number of lots, and the type of currency used in the account.
Opportunities to get profits are also getting bigger with the Autochartist feature. Traders will get notifications quickly when there is a profit signal in trading. The accuracy of the trend prediction reaches 83%.
Traders do not need to worry about the safety of funds at this broker. OctaFX uses segregated accounts and protects personal data and online financial transactions with SSL technology. This is adjusted to the international accounting standards and regulations.
Another advantage offered by OctaFX is the Trade & Win program. Opening an account in OctaFX would open the opportunity to collect trading lots, which can be accumulated into a variety of attractive prizes. Traders only need to open a real account on MetaTrader4 or MetaTrader5 through OctaFX and simply exchange the prize lot in this promotion. Prizes that can be obtained by traders include T-shirts, Android Smartwatches, smartphones, and laptops.
Traders need not worry about missing out on promotions. Because OctaFX often bonuses and other promotions. This broker holds a trading contest every week on a demo account with real prize funds that can be used for trading.
One example of a prize contest is OctaFX Champion - MT4 Demo Contest. With a total prize of USD 1,000, there are places for 4 winners in each contest period. OctaFX broker also provides contests on the cTrader platform, titled cTrader Weekly Demo Contest. As the name implies, this trading contest is held on a demo account for 1 week and uses cTrader as the platform.
OctaFX is a popular retail broker that has been around since 2011 and has added free webinars to its service in 2017. Unlike other brokers that require traders to first register and open an account, OctaFX provides free webinars literally for any trader via their Youtube channel. In recent years, the broker has expanded the program to present other experts from non-English countries.
Aside from the education program, the OctaFX channel on Youtube also publishes forex fundamental analysis videos. Some of them were led by Yohay Elam from Forex Crunch that already has more than 10 years of forex trading experience and Dan Blystone, a market strategist at FXStreet, who hosted the weekly market projections.
Trading by telephone
Islamic accounts available
Pepperstone was founded in 2010 by a team of experienced traders with a shared commitment to improve the world of online trading. Based in Melbourne, Australia, they grew to become one of the largest forex brokers in the world. If traders want to find a broker that provides low spreads, fast execution, and award-winning support, then the answer is Pepperstone.
Pepperstone has a strong legality guarantee because it has been licensed by the Australian regulator ASIC and FCA. Traders' funds can be deposited in segregated accounts at top Australian banks, one of which is the National Australia Bank (NAB). Therefore, the safety of funds is not a concern if a trader chooses to open an account in Pepperstone.
They succeeded in collaborating with 23 top banks to bring Bid to investors instantly via optical fiber. This allows all orders to be executed 100 percent automatically with low latency up to 0.05 milliseconds, without dealing desk intervention and requotes, as well as with super low trading costs.
Trusted by over 73,000 traders around the world, Pepperstone processes an average of USD12.55 billion of trading volumes every day. Because of that, they have many awards such as:
- The Best Global Forex ECN Broker 2019 and Best Forex Trading Support-Europe
- Best Australian Broker and Best Trading Platform 2018 by Compareforexbrokers.com
- Best Forex ECN Broker, Best Forex Trading Support, and Best Forex Trading Conditions by UK Forex Awards 2018
With the many rewards gained, Pepperstone hopes to attract more and more traders from all over the world. The rising performance of Pepperstone is not only due to the super-tight spreads and fast execution that it provides, but also because many traders are interested in trading with deposits in currencies other than US Dollars.
For this reason, Pepperstone is one of the most market-responsive brokers because it is willing to accept deposits in 10 currencies, which include AUD, USD, EUR, CAD, GBP, CHF, JPY, NZD, SGD, and HKD.
Trading in Pepperstone would allow traders to choose between 11 trading platforms: MT4 for desktop, MT4 Mac, MT4 iPhone, MT4 Android, MT4 iPad/Tablet, MT5, WebTrader, cTrader WebTrader, cTrader cAlgo, and cTrader Mobile. The choice of trading platforms may seem confusing to novice traders, but actually, it is very useful because it has fast execution.
When trading forex, traders can enjoy raw spreads from 0.0 pips on Razor accounts, over 61 currency pairs, and commission-free account funding on a wide range of deposit options. In addition to currency pairs, Pepperstone provides many types of trading instruments, including CFDs for indices and shares, commodities, and cryptocurrencies.
Instruments in commodity trading are pretty much diversified. Not only metal, gold, and silver, but traders can also trade with soft commodities such as cotton, sugar, coffee, cocoa, and orange juice. Pepperstone also provides trading on energy (oil and gas).
There are two types of accounts provided by Pepperstone, namely Razor accounts, and Standard accounts. If you area beginner, it is recommended to choose a Standard account with an average EUR/USD spread of 1.0-1.3 pips and free commission.
Those with particular trading styles such as scalpers and algorithmic traders may enjoy the lower cost setup traditionally seen in a Razor account, with a commission from AUD7 round turn of 100k traded. The initial deposit starts at USD200 with a minimum lot of 0.01 (micro) and 1:500 leverage.
As a Pepperstone client, a trader can fund and withdraw with alternative methods including Visa, Mastercard, POLi internet banking, bank transfer, BPay, PayPal, Neteller, Skrill, and Union Pay.
If you are new to trading or looking to practice your trading strategies in a risk-free environment, you can create Demo Account in Pepperstone. But if you are an experienced trader or prefer to learn by doing, Pepperstone provides a Live Account that allows you to trade with live executions and pricing.
Traders can also follow and copy strategies from popular traders using third-party services while learning how to improve their trading abilities. Pepperstone has partnered with a range of social trading platforms that traders can choose from, such as Myfxbook, ZuluTrade, Mirror Trader, MetaTrader signals, and Duplitrade.
Pepperstone is well-known to be a scalping-friendly broker. Scalping is a trading style that focuses on making small but consistent profits from small market changes in the forex market. This style is quite unique and requires its traders to analyze the market correctly to maintain high winning rates. However small, the basic principle is still profit, so scalpers need to minimize the risk of losing and increase the probability of winning.
See also: Best Forex Brokers for Scalping
In this case, Pepperstone provides webinars that cover the essentials of forex scalping. The instructors will explain how to scalp effectively and even demonstrate the strategies. So if you are a scalper or you're interested in scalping, Pepperstone's webinars can be particularly essential for you.
Variable and Fixed
Trading by telephone
Islamic accounts available
FXTM was initially launched in 2011 with a unique vision to provide unparalleled superior trading conditions. Opening an account in FXTM would also bring about access to advanced education and sophisticated trading tools in the forex industry.
Now, FXTM is registered under the Financial Conduct Authority of the UK with the number 600475. The company is also regulated by the Cyprus Securities and Exchange Commission with CIF license number 185/12, and is licensed by the Financial Sector Conduct Authority (FSCA) of South Africa, with FSP No. 46614
FXTM has 1 million registered accounts with more traders joining every day. The company continually tries to improve their performance and have got many awards such as Best Trading Experience 2019 by World Finance Awards, Best Online Forex Trading Company Nigeria 2018 by International Finance Awards, Reputable Investor Education Forex Broker Award 2018 by Hexun.com, Forex Brand Of The Year China 2018 by Fxeye.Com, and many more.
As a responsible broker, they determine leverage (expressed as a ratio of transaction size relative to trader's buying power) according to the trader's level of knowledge and experience in trading, which is evaluated by the Appropriateness Assessment. The company also enables trading with leverage up to 1:1000.
As for spreads, FXTM offers low spreads starting from 0.1 pip, so traders can withdraw profits at the start of trading. The company, which has headquarters in several countries, uses No Dealing Desk (NDD) technology and partners with credible liquidity providers to provide the best bid and ask prices.
For beginners, there is an automatic trading facility called algorithmic trading provided. When trading in FXTM, traders can develop their trading strategy or adopt other traders' strategies. Furthermore, the strategy is applied to automated trading systems, such as Expert Advisors. The purpose of this system is traders do not have to worry about losing opportunities while not observing the market so that profits can still be earned.
Three types of ECN accounts use the MT4 and MT5 trading platforms. There are also mobile and Tablet Apps trading platforms. Aside of providing many account variants, FXTM goes above and beyond to ensure that their client receives excellent support that they deserve, making their trading experience optimal and user-friendly.
FXTM also provides a diverse range of products. In addition to over 50 currency pairs, they provide gold, silver, CFD on commodity futures (oil), CFD on ETFs, and indices.
Education about the basic concepts of the forex industry is also accessible in this broker. Traders can read all the concepts provided in the form of e-books, video tutorials, articles, webinars, and forex seminars. There are 17 languages provided on the FXTM website to make it easier for traders to learn about forex.
Traders are also given various choices for payment methods, including Credit Cards (Visa, Mastercard, Maestro) and E-Wallet (Neteller, Skrill, Western Union). For withdrawing funds, traders are not charged a fee with a length of 2 hours to 2 days. Traders can live chat to ask further questions and contact the admin via email. There is also a question and answer page about forex trading on FXTM.
Compared to other brokers, FXTM is one of the brokers that take the education of their traders seriously. This broker provides various educational resources on forex trading, including webinars presented by forex experts. The webinars are intended to help traders learn the fundamentals of forex trading and discover unique trading strategies.
Additionally, the webinars cover topics about risk management practices, the use of trading indicators, and trading psychology. Even better, some of these concepts are informed by using strategy simulations. Therefore, traders can simulate their selected strategies to check how effective it is and how well it adapts to market changes.
Forex learning doesn't require you to fly across countries and attend seminars held by professionals. You can just sit down in front of your computer and attend a high-quality webinar directly from home, entirely for free. There are plenty of advantages from trying out webinars, from improving your trading skills, maximizing the use of various trading instruments, to helping you analyze the market better.
It is also very cost-effective because you only have to register and open an account (which you must do anyway to start forex trading) to access the webinars. Imagine the cost if you have to attend a seminar in another country or subscribe to trading courses for a one-on-one consultation with an expert.
If you are interested to explore more on the 5 brokers mentioned above, here is an informative table that compares 3 of them side by side:
rated by 156 users
rated by 790 users
rated by 964 users
|Office(s)||Australia, Cyprus, Greece and Hungary||Saint Vincent, Grenadines and United Kingdom||Australia, China, Kenya, Ukraine and United States|
CNMV (Spain), 2010157773
CONSOB (Italy), 3046
FCA (UK), 538324
FSP (New Zealand), FSP235905
FCA (UK), 679306
IFSA (St. Vincent and Grenadines), 19776 IBC 2011
Capital Markets Authority of Kenya, 128
DFSA (Dubai), F004356
|Minimum Position||0.01 lot||0.01 lot||0.01 lot|
|Payment||CashU, Credit/debit cards, FasaPay, giropay, iDEAL, Moneta.Ru, Neteller, paysafecard, QIWI, Skrill, SOFORT, UnionPay, WebMoney, Western Union and Wire transfer||Bitcoin, Credit/debit cards, Neteller and Skrill||BPAY, Credit/debit cards, Neteller, PayPal, Skrill, UnionPay and Wire transfer|
|Official Website||Visit XM||Visit OctaFX||Visit Pepperstone|
|Forex Demo Account|
|US traders are welcome|
|Requires sending documents via postal mail|
|Overnight interest rates (swaps)|
|Trading by telephone|
|Interest rate on funds|
Trading Platforms and Complements
|Trading via API|
|One-Cancels-Other (OCO) orders|
|Gold & silver|
|Website Languages||Arabic, Chinese, English, French, German, Greek, Hungarian, Indonesian, Italian, Japanese, Korean, Malay, Polish, Portuguese, Russian, Spanish, Swedish, Thai, Turkish||Bengali/Bangla, Chinese, English, German, Hindi, Indonesian, Malay, Portuguese, Spanish, Thai||Chinese, English, Russian|
|General Review||Read XM Review||Read OctaFX Review||Read Pepperstone Review|
P. RichardJul 21 2020
To ease your withdrawal process, make sure your trading account has been verified by XM. The verification process relates to your personal data agreement. Otherwise, any difficult withdrawal may be caused by an unverified trading account. For me, XM is good at all, including their deposit and withdrawal method. Good, XM!
P. RichardJul 21 2020
To ease your withdrawal process, make sure your trading account has been verified by XM. The verification process relates to your personal data agreement. Otherwise, any difficult withdrawal may be caused by an unverified trading account. For me, XM is good at all, including their deposit and withdrawal method. Good, XM!
NovrizalJul 21 2020
Trading at XM's Zero Account was pretty good. They give zero spread and low commission. I like it!
Mr. ZackJul 21 2020
I have no problem during trading at XM real account, but I suggest XM to consider a longer expiration time on demo account :D
R. NimiJul 21 2020
Trading execution at XM is very good. They also help novices like me to understand forex trading through free webinars. I wish XM held their trading contest again :)
KaiandraJul 21 2020
The trading platform at XM is very nice! I believe this is the most appropriate one for Indonesian traders! They offer MT4, MT5, even MetaTrader for web-trading. Nice work XM!
IvanovaJul 21 2020
I got confused during registering for my trading account. Fortunately, their customer service is fast-response and very helpful. Their trading condition and trading platform are also awesome. Thanks XM!
Cak MoestopoJul 21 2020
So far so good at XM. They have CS that is fluent at Indonesian, also deposit withdrawal method with a free commission. Broker joss lah!
Salam from Indonesia.
Evan SJul 21 2020
XM is very good for those looking for free trading signals. They also often held free online webinars. Unfortunately, they don't have an ECN account yet for traders.
Finn R.BJul 21 2020
I love trading at XM due to their commission-free deposit and several instruments offer, though their account verification is quite difficult *LOL XD
Syarif ZJul 21 2020
Hi, I'm from Indonesia. I also trade on XM and find out their customer care is very good for Indonesian. Mantapp!!!
W. BillieJul 21 2020
I tried to register a trading account XM and got no deposit bonus. After 2 weeks, I got a profit as much as USD108. I decided to withdraw for USD60 and it was accepted. Thank you, XM!
DemianJul 21 2020
I've traded on several brokers, but I think XM is the best due to their trading conditions. Nice work, bruh!
C. LeeJul 21 2020
I registered for my trading account at XM last year. I found their whole services are pretty good, especially their commission-free on deposit. But their spread is extremely unpredictable during news release. Be careful, traders!
GabrielJul 21 2020
XM's website is very hard to load! I look for any bonus info but it takes for hours!
ShafeeyaJul 21 2020
I feel so disappointed with XM regarding their leverage option. My trading account firstly used 1:888 leverage, but then it was changed to 1:100. Plus, they said my trading account will no longer available to get any bonuses from XM. I've sent my complain but they didn't give any responses yet,,
ZalandraJul 21 2020
I've been trading at XM for almost 7 years and had no much problem with them. But recently they changed their deposit withdrawal method with no longer using MasterCard. This made me confuse sooo much!! Whyyy??!!
Mr. PawwwJul 17 2020
I used to trade on zero account, but recently I moved to ultra-low trading account. I think it doesn't matter on what account is used. The most important one is money management. I love XM because their withdrawal process is quite great.
LylyJul 17 2020
I'm XM's client for these several years. Recently, their customer service gives slow responses to any troubles. Plus, their website is difficult to access. I have almost moved my trading account to other brokers.
GeorgieJul 17 2020
I've been trading at XM for almost a year, and everything goes well. I always withdraw my balance per month.
AshleyJul 17 2020
I do trading forex using a few balances. My friend suggests me to register at XM and it's quite good so far. I don't find any notable problems with XM. Nice!
ZaheeraJul 17 2020
My first trading at XM was quite good, but it went worse even more. It's hard to do deposit or withdrawal. That's why I don't have much balance at my account that often. I hope they can improve their service for the clients.
FeliciaJul 17 2020
I'm new at XM. I chose XM because they have many leverage offers. It's good for a novice like me
AbbyJul 17 2020
I got my passive income from XM rebate program. It can be withdrawn weekly, so it's good as my additional shopping budget :D
PatriciaJul 17 2020
I joined on their roadshow at Indonesia last year. It was so great and useful for me! Thankyou XM!
AbrahamJul 17 2020
Though XM has so many customers, their customer care is incredibly great! Two thumbs up for you!
ReginaJul 17 2020
I do agree that XM is one of the well-regulated forex brokers for traders! Cheers to you!
BerlianaJul 17 2020
One thing I love most from XM is their regular trading event. I even can't miss them once. It's always good and awesome!
CathyJul 17 2020
Hi, I'm new at trading forex. I want to share my trading experience at XM. Before being a part of this broker, I was trading at other brokers since 2017, but their commission and payment method for deposit withdrawal isn't my type. Finally, I chose XM at the end of 2018. To this day, I am so satisfied with XM's services, especially their regular webinar event. You guys have to trade on XM!
ElenaJul 17 2020
It's good to trade on XM. They have lots of trading competitions. One of them was even prized as much as $11,000 for the winner! WOW! I'm gonna join it sooner! Thankyou XM!
MatthewJul 16 2020
I'm so disappointed with XM. I did a withdrawal on May 28th, 2020 but it wasn't sent to my bank account until June 10th. Better you trade on other brokers. XM ISNT GOOD AT ALL, IT'S SCAM!
Rattoon VrajnavikhulJul 28 2020
OctaFX made a lot of improvement in these recent years. When they first appear, there are a lot of flaws. But their service is getting better, so I consider to give 5 stars.
GyverJul 28 2020
The competition in octafx is interesting, so I join this broker. After joining the competition and learn some trading strategy, I finally register and open real account. Everything works just perfect, Octafx meets my expectation.
Moori SheinJul 28 2020
I already try a lot of brokers, and this broker is the best.
While another broker tricks me with difficult withdrawing process, OctaFX don't do that kind of things.
JunoJul 28 2020
OCTAFX is good.
I already trade here for 2 years, deposit and withdrawal are smooth.
My transaction never has any problem.
Mitika FSJul 28 2020
The spread is tight, except when there's a piece of high news. But it's still better than other brokers who feels like manipulating the price. I succeed to withdrawal my trading results so I think this broker is recommended.
ZorroJul 28 2020
Been trade on several brokers. For me, OctaFX is the most suitable for trading in a small amount. It's newbie-friendly. Plus, the demo account competition is useful for those who want to improve their skill in trading.
Davis IozoJul 28 2020
The customer service is very friendly. They help me as noobs who don't understand how to withdraw for the first time. Still doing transactions in small amount of fund, but overall I'm quite satisfied with this broker performance.
Namiii HarseyvehJul 28 2020
I LOVE THE ECN ACCOUNT! Very transparent and fast executions. I got a comfortable trading experience from octa. The withdrawal process is also fast. Protips, don't withdraw on weekend, better if you submit withdrawal request within Monday-Wed.
Lam Soo NGJul 28 2020
Competitive spread, easy to deposit and withdraw through the local bank. There's also a lot of promotions.
I already got some prize from trade and win. generous broker with no complicated problems.
DruJul 28 2020
Octa is suitable for me. I'm looking for a broker that allowing scalping and EA usage. The platform works just fine.
Alimen HattahJul 28 2020
A friend introduces me to octafx., the platform is easy to operate. The website also informative, and I don't find any difficulties in doing deposit. I didn't withdraw yet, but so far I'm quite satisfied with this broker.
shaniaJul 27 2020
Octafx gives me convenience to trade, with a lot of bonus and promotions. It's very suitable for a newcomer like me.
Pieter TraderJul 22 2020
So far, I have been trading on OCTA and it's very safe. As anticipation, put your fund not more than 500 USD. The withdrawal process is done smoothly everyday.
HidekazuJul 22 2020
Octafx is just fine. Before using Octafx, I repeatedly changed brokers. So far, not bad. Moreover, Octafx has the lowest spread in a pair that I use for trading. Unfortunately, he doesn't have MT5 yet ... But I'm not going to change the broker anymore, because Octafx's execution and CS response are fast enough. Good job Octafx!
Michael EvyyJul 22 2020
Before using octa fx, I use another broker. Using octa fx is pretty good, it has a low spread. Go ahead octa fx, hopefully, you'll become a good quality broker.
Ariani ArthesJul 22 2020
I am trading with Octa Forex, so far it is very satisfying, primarily when it comes to deposit, but I can't give a word about the withdrawal, since I didn't get profit yet. Lo. Hopefully, in the future, OctaFX will become the best and biggest broker. Go OctaFX!
Jairo KJul 22 2020
OctaFX The most suitable broker for me, the spread is low and the WD is fast. I just wished that the execution may be faster
Abyar HadieJul 22 2020
recommended broker, proven to withdraw quickly. I recommend this broker coz withdrawing and depositing via local banks is very easy. Service value score is 10, it only takes 3 hours of deposit and withdrawal, yesterday I withdrew 700 USD, only takes 30 minutes liquid, good broker
Noriaki FXJul 22 2020
I won't say that octafx cheating, but there is something wrong with the stop loss order system. When there is a reversal, stop loss doesn't execute according to the order price, so you might still suffer some loss. Even though the stop loss is placed above/below the price to lock in profit, the result remains a loss.
I dare say this because I trade in several brokers and octaFX is the only one that executing my stop losses far from the price I requested. I think it's impossible to succeed in this broker because using disciplinary stop loss is a dead price developing strategy. Hopefully, it becomes an octa evaluation material and the consideration of newbies like me looking for a broker of choice.
Yaji ArkhrJul 22 2020
So far it's still safe. Before opening an account on Octa FX, I have also been on another broker. But I move for looking a better trading condition. In Octa, the spread is decent. the CS also has good service .. good luck octaFX
Sandy MahrembeJul 22 2020
During my trading on OctaFX there were no problems and it was smooth. I just want to add a suggestion. Please have another welcome bonus and also copy trade. Hopefully can be a positive input for OctaFX. That is all from me. thanks.
RayyfiandJul 22 2020
Octafx broker is good, I think. Even though the spreads widen when there's a news. I hope OctaFX service will improve.
Hendry LamJul 22 2020
Withdrawal is written succeed but no money entered the account.
On the 18th of May, I sent a WD 50 USD request, the money in the MetaTrader account has been cut off and in the personal area written successfully, but the account money has not yet been entered, even I printed the transaction in the savings book too.
Next, I try WD again 10 USD, and thank God... it's transferred, but the 50 USD not entered yet. Many times I submit a complaint to OctaFX, the answer is only "we will continue to review". Please respond and help.
Arafah YanneJul 22 2020
Today I made withdrawal request 4 pm. I never succeeded, all I could do was wait for the process.
I was disappointed with this. Actually, I had been trading with OCTAFX for over 2 years. This case made me uncomfortable, the 1-2 hour OCTAFX WD commitment was unsuccessful
JharuJul 22 2020
I wanna withdraw in the morning, but it's pending more than 1-2 hours, chat cs at the queue, too many requests, wait until evening... then I get an email like this:
Beny OctaFX (OctaFX) Jun 21, 13:58 EEST Dear Customer, Thank you for contacting OctaFX! We locked your account because the company decided not to continue our services to you, sir. Thus you can no longer trade with us. Based on the customer agreement in the following link that reads, "The Company reserves the right, at its discretion, at any time to refuse to provide the Services to the Client and the Client agrees that the Company will have no obligation to inform the Client of the reasons.
That means the company refuses to continue our brokerage services to you.
3.10 The Company has the right, at its sole discretion, to refuse at any time to provide Services to the Client and the Client agrees that the Company will not have an obligation to notify the client of the reasons.
As a trader, maybe I have a mistake. But lesson learned. Never trade at a broker that has rules like that, especially the broker can not show your mistakes!
Gamon TsawariJul 20 2020
Comfortable in trading.
I joined octafx since 4 years ago and until now I feel comfortable with octafx.
Deposits and withdrawals are also getting better, very fast. Hopefully, the octafx service will always improved, so it brings more convenience to traders who want to be succeed. And hopefully Octafx has a loyalty program. thank you
Rosa LindaJul 20 2020
Octafx always pays attention to the other with attractive prizes, with the prize lot I have already got 3 times. A pretty memorable prize for a novice trader. Thx octafx trade and win.
JaredJul 20 2020
Just want to leave a testimony. Yesterday I deposited outside working hours because I want to open a position. It turned out that the service was fast, the fund immediately transferred to the account. thanks.
DonnieJul 20 2020
OctaFX is great
Easy deposit and withdrawal, the platform is okay, so far so good 🙂
Trajhapparn AngtornJul 20 2020
suddenly disconnected and there was a surge in prices ...
Is it normal and reasonable? real octa server suddenly disconnected, and once again connected to the price surge. because I noticed on the octa demo account, it's normal, in other brokers, there are also no price spikes.
Arthur SmithJul 20 2020
I have also experienced trading with buy stops. Suddenly the price spike very quickly, and my order was immediately executed. My profit suddenly turns into a loss. I checked the Take Profit level that I made, there was nothing wrong. I have complained but until now I did not get an answer to why that happened, and there is no accountability. Please improve the service, octafx.!!
Nguyen LaPhoJul 20 2020
Octafx is often stealth a transaction.
I often get my account open position without any pending orders, gadgets and my laptop even though dead, the first case was 0.04 lots, the second case was 1.01 lots, I was forced to cut losses at the order of 180 dollars.
I have sent the transaction log, but the broker doesn't respond. Be careful with this broker, if you are too often profited, a huge stealth lot will appear in your account when you sleep, even though you are not connected to MT 4 at all, I suggest using a trusted broker like alpari and oanda or justforex.
JumanjiFXJul 20 2020
As long as I know, octaFX is credible and trustworthy.
DaffaJul 20 2020
Hello Newbie HereJul 20 2020
I just started learning to trade earlier this year, trying to make small deposits at several brokers. So far, trading on octafx is the most convenient. the deposit is easy, the trading application is also not complicated
Rosie TalyumJul 20 2020
Deception! Octafx deceives the beginner. Do not be tempted by low deposits ... In the end, your deposit can't be withdrawn, then the money is gone.
Abdullah KJul 20 2020
lots of promos! In Ramadan, OctaFX giving a lot of bonuses, thank you. I hope in the other months you will also give me lots of benefits. I will wait for your promotion
MarcosJul 20 2020
at first, I was hesitant to use this broker because of lots negative comments. But because Octa FX provides swap and commission free accounts, I am interested. I made an initial deposit of $ 500 on Friday. And Monday I already made a profit of around $ 200, then I tried WD $ 195. Confirm the e-mail for about 5 minutes. After waiting for about two hours, the funds came into my account.
Janna LimJul 20 2020
In my opinion Octafx is HONEST BROKER .. Trusted .. I have only been trading for 2 months .. fast deposit and withdrawal process .. And it is suitable for beginners with free swap .. and low deposit .. Highly recommended for beginners ..
The Custoemer service is so Friendly. so far very satisfied for its facilities .. Hopefully it remains like this and continues to be improved ...
Langdon VJul 20 2020
Octa is a scam broker .. Be careful guys never deposit here. I have evidence that octa is cheating and I have emailed this to Octa support on 26/2/2020 and only was told to wait.
Here is my transaction history: # 3795647 was closed at 1637.02 on 2020.02.26 15: 46.20, While it should be at 1632.
It can be seen at 15:46 minutes that the candle closed at 1.634 while my transaction was closed at minutes 15:46:20
there is a difference of 20 seconds and the next candle drops down meaning that the price should be in the range of 1631-1634 while my transaction is closed at 1637. On that transaction I lost about $ 250.
Howard SayeedJul 20 2020
OCTAFX BROKERS TRICKS ME
1. Candle NAS100 on March 12 2020, jump from 15:25 to 15:30 which resulted in my order not being executed.
2. I place six orders at the same time at 13.30, 3 orders at the price of 7580, and 3 more orders at the price of 7530. But those 3 orders at the price of 7530. Octafx executes at the price of 7447 while 3 orders at 7580 cancelled.
If your reason is in the gap, my 6 orders are in the gap, but why are 3 orders executed and 3 again you cancel? And until now my loss fund has not been reimbursed, how do you explain this situation.
YahariJul 20 2020
OctaFX broker is cheater !!
This morning I checked my account, I was surprised how come I automatically closed all my positions huh? Short positions hit at 1.24705, Buy positions hit at 1.24345
Even though last night 9 April 2020, the highest price of GBPUSD at 1.24831 was not a problem. Why is my position all gone? Please cooperate, refund my funds or position my order !!!
Drew FabrizioAug 20 2020
I started with Pepperstone a couple of weeks ago. For the first time, everything seems fine, but it's just that their MT4 platform is really lagging during events. Also, their commissions are relatively expensive. It's not that they're not good, but their calculation with commissions and swaps really not my type.
Harley CadwellAug 20 2020
I place my withdrawal on Saturday, then on Monday, I got the money. It's a relatively fast process. Looking forward to another withdrawal this week. Not much but glad I got the profit.
Ruby PearceAug 20 2020
Such a great service and they have a good trading platform. I've been using Pepperstone for a while now and they keep improving its service in all different aspects.
Audrey PackmanAug 20 2020
I'm very interested in cTrader. That's why I join Pepperstone, it's the main reason. I've been trading with them for a while with no issues. I took my withdrawal profit (unfortunately, not that much :D) 2 or 3 times a week and it takes 2 days max to processed.
Eugene HackathornAug 20 2020
At the start, the broker running very well. But the longer it lasts, the worse it gets. Found that there was no more credit card option for withdrawals and can only be paid to PayPal which charged with high fees. Compared to other competitors, you know that deposit and withdrawal fees are relatively considered. Fastest and cheapest is a good sign of customer service.
Hannah CreedAug 20 2020
Such a good Australian local broker which hard to find these days. Excellent for support. Hope you guys can improve your mobile app tools for quick deposit and withdrawal, and also for other customer service support.
Markus ShallowAug 20 2020
I think Pepperstone needs to re-training its customer service once in a while. Because some of their representation doesn't have a clue about their own regulations. They are not well informed.
TuckerAug 20 2020
I don't have any problem with Pepperstone right now. They are very helpful dan provides good insight on their Telegram channel. I don't have problems with withdrawing funds too. Keep up the great job.
Patrick WilsonAug 20 2020
Many said that they were dealing with a sudden abnormal spike in the spread on a daily basis during the first hour each day. Not to scare anyone, but I just want to alarm other users about this broker.
Dawson MilesAug 20 2020
My experience with Pepperstone was very pleasant. I can make a decent profit. There is no problem with the withdrawal process.
Liam CastwoodAug 20 2020
So far, as a newbie on the forex trader, I don't have any problems with Pepperstone. They didn't hound me with phone calls, only called me to introduce themselves, and gave me an email to request assistance just in case I have any problems later. I am yet to make a withdrawal with Pepperstone but I will report back once I have.
Justin FrancoAug 20 2020
I don't have an account on Pepperstone right now, however, their 24/7 service is excellent. I have lots of questions and they answer all of them. It is very clear that they help me to understand. The great first impression so far.
Elijah BartonAug 20 2020
Their spread is lower than the other brokers. They close your position with no warning at all. It was a sell order and they close it way above my SL for no reason, all in an open market. Their customer service is so so. Think twice if you want to invest in Pepperstone.
Tom LucindaAug 20 2020
I have a pleasant experience with Pepperstone since have a live trading account. I made the account after more than a year building confidence over the demo account. I would like to see their Webinar based on the Ctrader platform. Looking forward to more content there since I'm not really used to MT4 or MT5.
Bennett SkylarAug 20 2020
So, I planned to trade temporarily with Pepperstone. Their platform is OK, but other brokers have better spreads. Their support is not terrible and pretty average. Also, I read some reviews and news about their data security. Apparently, their 3rd party leaks Pepperstone client's data. Data is very crucial for business these days, but to have a problem like this surely made me be aware of their circumstance.
Callum OlsonAug 20 2020
Pepperstone is a good broker that offers a great platform base for all of its users. The support is okay tho.
Puff HedgetonAug 20 2020
Their live support is amazing. I've been contacting them couple times since before I opened an account until now. They replied fast and answered all my questions. Pretty happy with the great experience.
Shayla KumarAug 20 2020
Recently, I had an issue with the logging process to my account on MT5. But the customer service assists me until the issue is sorted. Now it's resolved and I'm very happy.
John NeymarAug 20 2020
Excellent support and help. Thank you very much. They have the fastest system to approve the process. I recommend this broker.
JanikaAug 20 2020
Hello there, I had a great experience with broker Pepperstone. It's been a while with them. Their customer support is amazing. Even with someone with broken English like me, they still help me through the process.
Pam YohanneJul 27 2020
I've tried the Pepperstone Broker. I have tried to compare it through demo accounts among all existing brokers.
I think this ECN broker has the thinnest spread. But what prevented me from opening a real account was the language barrier.
I'm worried if there are certain complaints where I have to complain, whereas the Live chat service can only be in English. English is not my first language.
EzharJul 27 2020
What I like from Pepperstone, the trading technology is very modern, and the razor account for ecn trading is really raw spread, not manipulated
JoahnJul 27 2020
It's been a few years using this broker there are no obstacles. Just a small language barrier, can be helped right with google translate or something like that.
Razor ECN account is quite good, withdrawal to local bank is quite satisfying, 2 working days already liquid. so far quite satisfied with this broker
Davinne AtmarJul 27 2020
Between IC Markets and Pepperstone competing in terms of spreads. A minimum deposit of $ 200. And the winner is IC Markets broker Australia with the smallest spread in the world
|Open Real Account||Open XM Real Account||Open OctaFX Real Account||Open Pepperstone Real Account|
To compare the remaining two, check out the forex broker comparison tool here.