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Eightcap Review

Eightcap enhances its status as a MetaTrader-only broker with support for a suite of third-party plug-ins and access to Capitalise.ai’s algorithmic trading platform.To get more news about eightcap review, you can visit wikifx.com official website.

Despite Eightcap’s impressive crypto offering, its narrow range of markets, lack of standout educational content, and meager research material leave it struggling to keep up with the best forex brokers.Eightcap’s 45 forex pairs and roughly a dozen CFDs put its offering of investments below the industry average. The following table summarizes the different investment products available to Eightcap clients.

Cryptocurrency: Cryptocurrency trading is available at Eightcap through CFDs, but not available through trading the underlying asset (e.g. buying Bitcoin). Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents.Eightcap offers two account types across its global entities, including those in Australia and Vanuatu. The commissions and fees you pay will depend on whether you choose the commission-based Raw account or the spread-only Standard account.

Eightcap lists an average spread of 0.06 pips for its commission-based Raw account. However, after factoring in the per-side commission of $3.50 per trade, the all-in cost amounts to roughly 0.76 pips – coming in just under the industry average of 0.8 pips.With no proprietary mobile app available, Eightcap simply can’t compete with industry leaders like IG and Saxo Bank. For our top picks among trading apps, read our guide to best forex trading apps.

Apps overview: As Eightcap is a MetaTrader-only broker, iOS and Android versions of the MT5 app come standard and are both available for download from the Apple App Store and Google Play store, respectively.
Eightcap offers a suite of plug-ins from FX Blue that enhance the standard MetaTrader platform suite. It also supports integration with Capitalise.ai, allowing algorithmic trading within your MetaTrader 4 (MT4) account. With a variety of extra features that enhance the standard MetaTrader experience, Eightcap has inched closer towards offering what the best MetaTrader brokers provide.

Platforms overview: Eightcap is a MetaTrader-only broker offering the popular MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platform suite from MetaQuotes Software Corporation. Eightcap also recently introduced the ability for clients to connect their accounts to TradingView, a popular third-party charting platform.
Eightcap produces a modest variety of research content that includes daily updates in both written and video format – however, its research offering doesn’t stack up against what the best brokers offer.

Research overview: Eightcap’s research primarily takes the form of daily written updates from its in-house staff – such as its Trading Week Ahead series – accompanied by the occasional video posted to the firm’s YouTube channel, which hosts its Market Update video series.

Market news and analysis: Expanding the range of research by integrating third-party research tools and content (such as Autochartist and Trading Central) would help lift Eightcap’s ranking in this category.
Eightcap’s educational offering delivers a wide variety of written articles, but only a limited selection of videos. Some of the best brokers in this category offer lesson programs, complete with quizzes and progress tracking – features that are absent at Eightcap.

Learning center: Eightcap offers just a dozen educational videos, and a handful of archived webinars, such as its TraderFest series which covers CFDs and forex. These videos are archived on its YouTube channel and organized by playlist. The selection of written educational content articles has improved, and includes at least 74 articles covering fundamentals and trading strategies.

Room for improvement: Expanding the selection of educational videos and organizing articles by experience level would help balance Eightcap’s overall educational offering.

What is GMI?
Global Market Index or GMI is one of the known online leveraged Forex trading providers, that was established in Shanghai and then due to expansion opened several representative offices within China, also in Auckland and enabled office in the financial hub – London.To get more news about gmi review, you can visit wikifx.com official website.

GMI has been around since 2009 and is considered one of the largest forex and CFD brokers in the region. The broker is well-regulated and has since attracted over 1 million clients in over 30 countries.
The company profile is determined as a technology-driven brokerage solution along with transparent pricing, cutting-edge systems, multiple customer support and numerous proposals of software. The product offering states a pure ECN, STP connection that brings direct, light-fast connectivity to multiple top-tier liquidity providers with deep liquidity and tailor-made trading solutions.

Is GMI a market maker?
No, our research showed that GMI is not a market maker broker. GMI is an ECN and STP broker meaning that the broker provides direct access to other participants in the financial market.
GMI Pros and Cons
Our financial experts consider GMI a reliable broker with good quality trading proposals including Institutions and Money managers. We checked that the broker is well-regulated and authorised offering its clients compensation in case they go insolvent. There is a great selection of trading platforms, MT5 bridges, technology and tool available at GMI. There are various options to deposit or withdraw funds.

On the negative side, the broker doesn’t seem to provide educational materials, hence we conclude that it may not be suitable for beginner traders.
Apart from the retail traders offering, the GMI brings advanced proprietary software that includes MT4 and MT5 bridges, tailored partnership programs for Institutional traders, Money Managers, White Labels and APIs via the FIX connectivity network.

Indeed, it is obvious that the main pro of GMI is the technology and software, which also was recognized by many awards received for special achievements within the industry and overall ratings.
Is GMI safe or scam?
No, GMI is not a scam, our experts consider GMI a trustworthy broker due to top-tier authorization from FCA and trader compensation schemes offered within the FCA framework.

GMI Group of companies includes the firms and entities that are registered in several jurisdictions while using the shortcut-trading name of Global Market Index Limited. GMIUK is a trading name of the Global Market Index that is based in London and authorized by the Financial Conduct Authority.

FXCM Review

For traders who appreciate advanced trading tools and quality market research, FXCM is a winner – especially for algorithmic trading. Though its range of tradeable markets is growing, it remains fairly narrow, and the pricing at FXCM is just average.To get more news about fxcm review, you can visit wikifx.com official website.

The range of products available to you will depend on which global entity under the FXCM Group houses your trading account. In addition to a growing selection of over 300 CFDs that includes fractional shares and 44 forex pairs, FXCM offers exchange-traded securities across 43 exchanges in Europe, North America, and the Asia-Pacific region. The following table summarizes the different investment products available to FXCM clients.

Cryptocurrency: Cryptocurrency trading is available at FXCM through CFDs, but not available through trading the underlying asset (e.g. buying Bitcoin). Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents.
Standard account spreads: Using the time-weighted average tradeable prices from April 1, 2020, to June 30, 2020, all-in spreads on the EUR/USD at FXCM were 1.4 pips, which is higher than the industry average (although it is worth noting that Q2 2020 saw more volatility due to the coronavirus’ impact on markets).

Active trader discounts: FXCM’s Active Trader Rebate Program (not available in the U.K. or EU) has five tiers. Depending on the tier, traders can receive a rebate ranging from $5 per million traded (Tier One) to as much as $25 per million traded (Tier Five). It’s good, but not great – Tickmill and FP Markets offer far more competitive pricing for active traders. For example, FXCM’s commission-based pricing has low underlying spreads of 0.2 pips during peak hours (using Q2 2020 data for the EUR/USD), yet the effective spread is closer to 1.1 pips after including the commission-equivalent of $0.90 per mini lot.

Active Trader requirements: The requirements for each tier may vary depending on which FXCM Group entity you use. In the U.K., for example, a $25,000 account balance with at least $50 million (or 500 lots) of monthly volume will see the commission per side drop to $3 ($6 round-turn). This brings the effective spread to 0.8 pips, based on an average core price of 0.2 pips (using Q2 2021 data for the EUR/USD). Above $150 million in monthly volume, commissions drop slightly to $5 per round turn, which would bring the effective spread to 0.7 pips in the above example. Deeper discounts are available if you trade over $500 million per month at FXCM.

Execution methods via order type: FXCM offers “At Market” orders, which have the potential for slippage, and “Market Range” orders, which are less likely to experience slippage but can be rejected if the requested price or price range is no longer available. Likewise, limit orders are more likely to experience positive slippage. I found the ability to select execution type by order to be more favorable than having the execution method separated by account type like FxPro does.

Other notes: FXCM publishes detailed monthly execution statistics, showing the percentage of orders filled with positive or negative slippage across its offered order types. Through the 8 months ending August 31, 2021, FXCM delivered average price improvements on at least 23.78% of orders executed each month, compared to negative slippage on just 12.69% of total orders. The remaining 63.54% of monthly orders experienced zero slippage. According to its spread widget, the effective spreads at FXCM on the EUR/USD in August 2020 are closer to 1 pip than the displayed price. This effective spread is due to the likelihood of price improvements (primarily on its limit orders).
Thanks to its combined offering of both Trading Station and MetaTrader 4 (MT4), FXCM delivers a reliable, feature-rich mobile experience for forex traders.

Apps overview: FXCM doesn’t offer the MetaTrader 5 (MT5) platform, but the broker makes up for that shortcoming with its wide support for third-party algorithmic trading platforms.

Ease of use: Though the Trading Station mobile app may appear to lack an official watchlist function, it’s worth noting that traders can select instruments for display, and that these instruments will sync across devices and platforms. Also, the app includes a comprehensive trade ticket, which offers advanced order types such as one-cancels-other (OCO) orders.

Charting: With nearly 60 indicators and multiple drawing tools, charting in the FXCM mobile app is a pleasure. Trendlines can be drawn with precision thanks to a magnifying glass feature that auto-zooms while dragging the trendline into position.

Tickmill Review

First introduced to traders in 2014, Tickmill currently serves clients across the globe with its own accessible blend of online trading services designed to promote education and maximize user functionality. Founded by a knowledgeable team of professionals with decades of experience, Tickmill is passionate about supporting its clients’ interests. Evidence of this dedication is clear from the countless honors awarded to Tickmill including the prestigious “Most Trusted Broker in Europe” from Global Brands Magazine in 2017, “Best Forex Execution Broker” from the UK Forex Awards in 2018, and “Most Transparent Broker” from Forex Awards in 2019.To get more news about tickmill review, you can visit wikifx.com official website.

As an online ecosystem founded by experienced professionals, Tickmill reflects this degree of understanding with a carefully constructed ecosystem that capably fulfills the demands of both inexperienced and professional investors. Starting with the platform’s high degree of accessibility, beginners without investing experience will find the affordable trading conditions, intuitive trading platforms, and ample educational materials especially relevant for learning the basics. The addition of helpful tools like one-click trading, Autochartist, and fundamental and technical analysis all go a long way towards increasing confidence and bolstering novices’ abilities.

More advanced users will appreciate the ability to implement any trading strategy, with all strategies including arbitrage, hedging, scalping, and algorithmic options invited to join the platform without restriction. Although traders who prefer more advanced trading technology might not find MetaTrader 4 to be extensive enough to suit their personal preferences, access to the FIX API and even a Prime brokerage model ensures that sophisticated and institutional investors have applicable options available. Stellar execution, raw spreads for higher account tiers, and no-requotes contribute to a thriving trading ecosystem that is capable of leveling the playing field of global financial markets for all Tickmill clients.
Tight Spreads Starting From 0.0 Pips: The highly affordable and competitive trading conditions offered by Tickmill mean that variable spreads in Pro and VIP Account types start as low as 0.0 pips for major FX pairs.
Commission-Free Stock Indices, Oil, and Bonds: Across all account types, there are no commissions for trading CFDs tracking major global stock indices, oil futures, and bonds. Commissions for Pro and VIP accounts are still very affordable given that spreads in these account types can start as low as 0.0 pips.
Ultra-Fast Trade Execution: Trades placed via the Tickmill platform’s non-dealing desk model are executed on average within 0.15 seconds. Moreover, FIX API access means speedy execution for traders with algorithmic strategies and EA users.
No Requotes: Even during periods of heavy volatility during news and other major market announcements, Tickmill clients benefit from no requotes when placing orders across the broker’s asset offerings.
All Trading Strategies Welcome: Tickmill permits the usage of all trading strategies including hedging, scalping, arbitrage, algorithmic strategies, and even EAs, inviting investors with all tactics and styles to appreciate the purposefully built trading ecosystem.
To build a highly accessible online trading platform, Tickmill has acquired licensing and regulation in three major jurisdictions to attract investors. Tickmill is regulated by the United Kingdom’s Financial Conduct Authority (FCA), the Cyprus Securities and Exchange Commission (CySEC), and the Seychelles Financial Services Authority (FSA). Moreover, Tickmill is registered with BaFin in Germany, CONSOB in Italy, ACPR in France, and CNMV in Spain. To comply with licensing requirements, Tickmill must adhere to all the applicable Know Your Client (KYC) and Anti-Money Laundering (AML) checks.

Beyond these standard measures, Tickmill keeps client funds segregated from the company’s operational accounts in Tier-1 bank institutions to ensure an extra layer of security for clients. Additionally, Tickmill has implemented advanced data security measures including encryption and regular back ups to properly protect client information and data. UK-based investors are also insured for up to GBP 85,000 through participation in the Financial Services Compensation Scheme while European traders are covered by the Investor Compensation Fund for an amount up to EUR 20,000 per account. Furthermore, all accounts offered by Tickmill offer negative balance protection, meaning that clients are not liable for trading losses amounting to more than the capital deposited into their trading accounts.

WeTrade Group Inc. ("WeTrade" or the "Company") (NASDAQ: WETG), a global diversified "software as a service" ("SaaS") technology service provider committed to providing technical support and digital transformation tools for enterprises across different industries, today announced that the Company had been awarded the "Strongest Potential IPO of the Year" by the 2022 GURUCLUB Greater China Best Listed Company Awards.To get more news about wetrade review, you can visit wikifx.com official website.

The "Strongest Potential IPO of the Year" award is designed to reward the most influential publicly listed companies in the investment community. Specifically, this award analyzes companies'financing scale, profitability, financial security and market capitalization management. It also motivates companies with promising major businesses, stable performance growth, continuous creation of value for shareholders to take on their social responsibility. Additionally, the award recognizes companies that have made significant contributions to economic development, improvement of people's living standards and national competitiveness. The finalists are announced based on quantitative data analysis by a team of experts.

The "Strongest Potential IPO of the Year" award not only marks a perfect ending for WeTrade in 2022 but also a promising future in 2023. Since its successful uplisting on NASDAQ in 2022, the Company has been executing its business expansion and continuing to adjust its business structure, which constitutes YCloud, Y-Health and WTPay, the Company's three major business segments.

In August 2022, WeTrade successively signed a $50 million partnership contract with Jiqing Biomedical Technology Co. Ltd and Parkway Medical Limited to sell the monkeypox virus test kits. WeTrade Group also entered into a partnerships with Zhixun Biotechnology Limited and others to promote COVID disinfectant spray via its platforms.
In October 2022, WeTrade launched the WTPay system in Singapore and announced a strategic cooperation with Vmade Tech PTE. LTD, which would pay WeTrade a guaranteed fee of $120 million for technical support.

The Company's business development can be attributed to YCloud, which can be used by enterprises and businesses. It is also a critical digital tool that contributes to flexible employment in China, such as courier and online hailing services, which will further expand as China gradually loosens pandemic prevention policies.

Hechun Wei, Chief Executive Officer of the Company, commented, "The 2022 GURUCLUB Greater China Best Listed Company Awards marks a perfect conclusion for our Company. In 2023, we plan on further refining our business structure by launching a multi-industry and diversified development strategy. Specifically, a YG new energy business segment will be developed alongside YCloud, Y-Health and WTPay segments. The Company will further cultivate markets in Central Asia and Middle East and continue to create value for our shareholders."

XM Group is a MetaTrader-only broker that offers an outstanding selection of high-quality educational content and market research.To get more news about xm review, you can visit wikifx.com official website.

That said, XM falls behind with its limited pricing, range of markets, and platform offering — none of which can compete with the best brokers in this space.
At ForexBrokers.com, our reviews of online forex brokers and their products and services are based on our collected data as well as the observations and qualified opinions of our expert researchers. Each year we publish tens of thousands of words of research and detailed forex guides, and we monitor dozens of international regulator agencies (read more about how we calculate Trust Score here).

Our research team conducts thorough testing on a wide range of features, products, services, and tools (collecting and validating thousands of data points in the process). We test all available trading platforms for each broker – whether they are proprietary or come from third-party providers – and evaluate them based on a host of data-driven variables.

We also take an in-depth look at each broker’s commissions and fees, such as bid/ask spreads – including the average spread data for some of the most popular forex currency pairs. We research other trading costs, such as inactivity or custody fees, minimum deposit requirements, VIP rebates and/or discounts, and a range of other important fee-based data points.

Some of the other important research categories that are factored into our testing include mobile trading accessibility and capability, availability of market research and educational content, and each broker’s overall Trust Score.
For the ForexBrokers.com 2023 Annual Awards, brokers were evaluated against ForexBrokers.com’s 8 Primary Categories: Commissions & Fees, Offering of Investments, Platforms & Tools, Mobile Trading Apps, Research, Education, Trust Score, and Overall.

Best in Class honors were awarded to the Top 7 forex brokers in each of the following areas: Beginners, Social Copy Trading, Ease of Use, MetaTrader, Algo Trading, Crypto Trading, and Professional Trading.

ForexBrokers.com also recognized brokers that demonstrated excellence and innovation with our exclusive Industry Awards. To see the complete list of Industry Award winners (and to learn more about our Annual Awards from our Director of Online Broker Research, Steven Hatzakis), check out our ForexBrokers.com Annual Awards page.
There is a very high degree of risk involved in trading securities. With respect to margin-based foreign exchange trading, off-exchange derivatives, and cryptocurrencies, there is considerable exposure to risk, including but not limited to, leverage, creditworthiness, limited regulatory protection and market volatility that may substantially affect the price, or liquidity of a currency or related instrument. It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable, or that they will not result in losses.