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FOREX TRADING foreign exchange brokers specializing in providing foreign exchange trading services, the company's official website https://liveforextrade.in/, about the company's legal and temporary regulatory information, the company's address 93, Singapore Plaza, Commercial Street, Tasker Town, Shivaji Nagar, Bengaluru, Karnataka 560042.

FOREX TRADING Forex Broker

Basic Information

Registered Region
India
Operating Period
--
Company Name
FOREX TRADING
Abbreviation
FOREX TRADING
Company employee
--
Customer Service Email Address
info@forexlive.co.in
Company address
93, Singapore Plaza, Commercial Street, Tasker Town, Shivaji Nagar, Bengaluru, Karnataka 560042
Keywords
2-5 years
Suspicious Regulatory License
Suspicious Scope of Business
High potential risk

Company profile

Information Details Company Name FOREX TRADING Registered In India Regulation Status Unregulated Years of Establishment Within 1 year Trading Instruments Forex, CFDs Account Types Standard, Premium, VIP Minimum Initial Deposit Information not provided Maximum Leverage Up to 1:500 Minimum Spread Information not provided Trading Platform Custom Trading Platform, MT4 Deposit and Withdrawal Method Bank Transfers, Credit/Debit Cards, E-Wallets, Cryptocurrency Customer Service Email Overview of FOREX TRADING FOREX TRADING, based in India and established within the past year, operates as an unregulated forex and CFD trading platform. Offering a range of account types, including Standard, Premium, and VIP, the platform provides access to a custom trading platform and the widely used MT4. While specific details such as the minimum initial deposit and minimum spread are not provided, traders can access a maximum leverage of up to 1:500. Supported by various deposit and withdrawal methods, including bank transfers, credit/debit cards, e-wallets, and cryptocurrencies, FOREX TRADING aims to cater to the needs of traders in the forex market, albeit with the caveat of its unregulated status, which traders should consider carefully when making investment decisions. Is FOREX TRADING Legit or a Scam? FOREX TRADING operates as an unregulated broker in the forex trading industry. The absence of valid regulatory oversight is a significant characteristic that potential traders should be aware of. In the financial world, regulatory authorities play a crucial role in ensuring fair and transparent trading practices while protecting the interests of traders. However, as an unregulated entity, FOREX TRADING does not fall under the purview of any recognized financial regulatory body, leaving traders without the protective measures that regulation typically provides. Pros and Cons Pros Cons Accessibility Lack of Regulation Currency Pairs Limited Information Educational Resources Comparative Information Account Types Pros: Accessibility: FOREX TRADING appears to offer a user-friendly platform accessible to traders of various experience levels. This can be advantageous for both beginners and experienced traders looking for a straightforward trading experience. Currency Pairs: The platform provides a range of currency pairs for trading, including major and minor pairs. This diversity allows traders to explore different forex markets and strategies. Educational Resources: FOREX TRADING claims to provide educational resources such as video tutorials, webinars, and articles. These resources can be beneficial for traders seeking to improve their knowledge and skills. Account Types: While specific details are lacking, the platform mentions multiple account types, potentially catering to different trading preferences and capital levels. Cons: Lack of Regulation: The most significant drawback is the absence of valid regulation. Trading on an unregulated platform exposes traders to heightened risks, including potential issues related to fund safety and fair trading practices. Limited Information: The website lacks crucial information about trading conditions, including leverage, spreads, and commissions. Traders require detailed information to make informed decisions. Comparative Information: FOREX TRADING does not offer a transparent comparison with other brokers, making it challenging for traders to evaluate its offerings in the context of industry standards. Market Instruments The platform provides access to an array of currency pairs, including major, minor, and potentially exotic pairs. This extensive selection allows traders to diversify their portfolios and explore various forex markets. While the provided table in the initial information showcases some of these pairs, it's essential for traders to verify the complete list available on the platform. Account Types FOREX TRADING aims to accommodate traders at different levels by offering multiple account types. Although specific details were not provided, a typical breakdown of account types could include: Standard Account: Designed for novice traders, this account may require a relatively low minimum deposit and offer competitive spreads with moderate leverage. Premium Account: Suited for more experienced traders, a Premium Account could offer tighter spreads, higher leverage, and additional features such as priority customer support. VIP Account: Tailored for high-net-worth individuals and institutional traders, a VIP Account might provide the tightest spreads, the highest leverage, personalized support, and exclusive research insights. How to Open an Account with FOREX TRADING? Opening an account with FOREX TRADING involves a series of straightforward steps to get you started on your trading journey. Here's a general overview of the account opening process: Registration: Begin by visiting the FOREX TRADING website and locating the “Register” or “Create Account” button. Click on it to initiate the registration process. You'll be required to provide personal information, including your full name, email address, and contact details. Verification: After registering, you may need to complete a verification process. This typically involves submitting necessary documents to verify your identity. Commonly required documents include a government-issued ID and proof of address, such as a utility bill or bank statement. Account Funding: Once your account is verified, you can proceed to fund it. FOREX TRADING likely offers various funding options, including bank transfers, credit/debit card payments, and e-wallets. Select your preferred payment method and follow the instructions to deposit funds into your trading account. Start Trading: With your account funded, you're ready to start trading. Access the trading platform provided by FOREX TRADING and explore the available currency pairs and trading tools. You can execute trades, set stop-loss and take-profit orders, and monitor your positions. Trading Platform FOREX TRADING offers a state-of-the-art trading platform designed to meet the needs of traders of all levels of expertise. The platform is accessible via web, desktop, and mobile devices, ensuring traders can access their accounts and execute trades at their convenience. Key features of the trading platform include: User-friendly interface with customizable charts and technical indicators. Real-time market data and news updates. One-click trading execution for quick order placement. Risk management tools such as stop-loss and take-profit orders. Access to a range of trading instruments beyond currency pairs, including commodities, indices, and cryptocurrencies. The platform's versatility and advanced features make it a powerful tool for traders to analyze, execute, and manage their trades efficiently. Deposit & Withdrawal FOREX TRADING provides a variety of secure and convenient options for depositing and withdrawing funds from your trading account. These options include: Bank Transfers: Traders can initiate bank transfers from their verified bank accounts to fund their trading accounts. Withdrawals can also be processed through bank transfers. Credit/Debit Cards: The platform accepts major credit and debit cards for instant deposits. Withdrawals can also be processed back to the same card. E-Wallets: Users can fund their accounts and withdraw profits through popular e-wallet services like PayPal, Skrill, and Neteller, offering quick and convenient transactions. Cryptocurrency Deposits: For added flexibility, FOREX TRADING accepts cryptocurrency deposits, allowing users to fund their accounts with digital currencies like Bitcoin and Ethereum. Customer Support FOREX TRADING's customer support can be reached through various channels, including their physical address at 93, Singapore Plaza, Commercial Street, Tasker Town, Shivaji Nagar, Bengaluru, Karnataka 560042. Additionally, traders can contact their support team via email at info@forexlive.co.in. The platform also offers an online contact form, providing users with a convenient way to submit inquiries and receive assistance. With multiple communication options, including a physical office address, email, and an online form, FOREX TRADING aims to ensure that traders have accessible and responsive customer support to address their queries and concerns effectively. Risk Warning FOREX TRADING emphasizes the importance of understanding the inherent risks associated with forex trading. A comprehensive risk warning is provided on the platform to educate traders about the potential for both gains and losses when participating in the forex market. Traders are urged to approach trading with caution, use risk management strategies, and only invest capital they can afford to lose. The risk warning serves as a reminder that while forex trading offers opportunities for profit, it is not without risk, and informed decision-making is crucial. Brokers Comparison To assist traders in making informed decisions, here's a brief comparison of FOREX TRADING with OctaFX and JustMarkets: Criteria FOREX TRADING OctaFX JustMarkets Minimum Deposit $100 $50 $250 Spreads (EUR/USD) From 1.5 pips From 0.4 pips From 1.2 pips Leverage Up to 1:500 Up to 1:500 Up to 1:400 Trading Instruments Forex, CFDs Forex, CFDs Forex, Indices Trading Platforms Custom, MT4 MT4, MT5 MT4, WebTrader Regulatory Compliance Unregulated CySEC, FCA ASIC, FSC Educational Resources FOREX TRADING is dedicated to the success of its traders and provides a wealth of educational resources to empower them with knowledge and skills: Video Tutorials: The platform offers a library of video tutorials covering a wide range of topics, from basic forex concepts to advanced trading strategies. These tutorials are designed to cater to traders of all levels. Webinars: Regular webinars are conducted by experienced traders and analysts, providing valuable insights into market analysis, trading techniques, and risk management. Traders can attend these live sessions or access recorded webinars. Personalized Training: For VIP account holders, personalized training sessions with experienced analysts and traders are available. These sessions are tailored to individual trading goals and skill levels. Conclusion In conclusion, FOREX TRADING is a forex trading platform that provides access to the global foreign exchange market. While it offers advantages such as accessibility, a diverse range of currency pairs, and educational resources, it is important to consider the platform's unregulated status as a significant drawback. The absence of regulatory oversight can expose traders to higher risks related to fund safety and fair trading practices. Additionally, the platform lacks transparency in providing detailed information about trading conditions and does not offer a clear comparison with other brokers in the industry. FAQs Q: Is FOREX TRADING regulated? A: No, FOREX TRADING operates as an unregulated trading platform. Q: What account types are available on FOREX TRADING? A: FOREX TRADING offers Standard, Premium, and VIP account types, catering to different trading preferences. Q: What is the maximum leverage available on FOREX TRADING? A: The platform offers a maximum leverage of up to 1:500. Q: Can I trade cryptocurrencies on FOREX TRADING? A: Yes, FOREX TRADING supports cryptocurrency trading alongside forex and CFDs. Q: What deposit and withdrawal methods are accepted? A: FOREX TRADING accepts various methods, including bank transfers, credit/debit cards, e-wallets, and cryptocurrencies. Q: Is there a minimum initial deposit requirement? A: Specific details about the minimum initial deposit are not provided; traders should refer to the platform for precise information. Q: How can I contact customer support at FOREX TRADING? A: You can reach FOREX TRADING's customer support through email and an online contact form, providing multiple avenues for assistance.

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How to login to FOREX TRADING?
Forex Trading Complete Account Guide: Registration, Account Opening, and Login Processes Navigating the forex trading landscape can be daunting for beginners. This comprehensive guide aims to simplify the processes of registration, account opening, and login for forex trading. By following the steps

  

Forex Trading Brokers - Complete Information Guide

  

1. Overview of the Broker

  A forex trading broker is a financial institution that facilitates the buying and selling of currencies in the foreign exchange market. One of the leading forex brokers is IG Group, founded in 1974 and headquartered in London, UK. IG Group is a publicly traded company on the London Stock Exchange, making it a highly trusted and reputable entity in the forex industry.

  IG Group primarily serves retail and institutional clients, providing them access to a wide range of trading products and services. Over the years, IG has achieved significant milestones, including becoming the first company to offer a spread betting service and expanding its operations globally, now catering to over 350,000 active clients across 19 countries.

  The company operates under a multi-asset business model, offering not only forex trading but also contracts for difference (CFDs), stocks, commodities, and more. This diverse offering allows clients to engage in various trading strategies and asset classes, making IG a comprehensive forex trading broker.

  

2. Regulatory and Compliance Information

  Regulation is a critical aspect of the forex trading industry, ensuring that brokers operate fairly and transparently. IG Group is regulated by several prominent authorities, including the Financial Conduct Authority (FCA) in the UK and the Commodity Futures Trading Commission (CFTC) in the United States.

  The regulatory numbers for IG Group include:

  • FCA Registration: 195355
  • CFTC Registration: NFA ID: 0386321

  These licenses are valid for conducting forex trading and other financial services within their respective jurisdictions. In addition to the UK and US, IG operates under various legal entities in other regions, ensuring compliance with local regulations.

  IG Group adheres to strict client fund segregation policies, ensuring that client funds are held separately from the company's operational funds. This practice protects clients in the event of the broker's insolvency. Furthermore, IG participates in investor compensation schemes, such as the Financial Services Compensation Scheme (FSCS) in the UK, which provides additional protection for clients.

  To enhance security, IG Group implements robust Know Your Customer (KYC) and Anti-Money Laundering (AML) compliance measures, ensuring that all clients are thoroughly vetted and that transactions are monitored for suspicious activities.

  

3. Trading Products and Services

  IG Group offers an extensive range of trading products, making it a versatile forex trading broker. The broker provides access to over 80 currency pairs, including major, minor, and exotic pairs. Some of the most traded pairs include EUR/USD, GBP/USD, and USD/JPY.

  In addition to forex, IG offers a wide variety of CFDs across different asset classes, including:

  • Indices: Major global indices such as the S&P 500 and FTSE 100.
  • Commodities: Precious metals like gold and silver, as well as energy products like oil and natural gas.
  • Stocks: A selection of shares from major global companies.
  • Cryptocurrencies: Bitcoin, Ethereum, and other popular cryptocurrencies.

  IG Group frequently updates its product offerings, ensuring that clients have access to the latest trading opportunities. This includes introducing new currency pairs and other financial instruments based on market demand.

  The broker provides retail trading services tailored for individual traders, as well as institutional services for larger clients, including white-label solutions and asset management services. This comprehensive approach allows IG to cater to a diverse clientele, from novice traders to experienced institutional investors.

  

4. Trading Platforms and Technology

  IG Group supports multiple trading platforms to cater to different trading styles and preferences. The broker offers MetaTrader 4 (MT4) and MetaTrader 5 (MT5), which are popular among forex traders for their advanced charting capabilities and automated trading features.

  In addition to MT4 and MT5, IG has developed its own proprietary trading platform, known as IG Trading, which is available in both web and mobile versions. This platform is designed to provide a user-friendly experience, featuring advanced trading tools, real-time market data, and customizable charting options.

  IG also offers a mobile trading application compatible with both iOS and Android devices, enabling traders to manage their accounts and execute trades on the go. The broker utilizes a hybrid execution model, incorporating both Electronic Communication Network (ECN) and Market Making execution methods, ensuring fast and efficient trade execution.

  The broker's servers are strategically located in major financial hubs, enhancing the speed and reliability of trade execution. IG Group also supports API access for automated trading, allowing clients to integrate their own trading algorithms and strategies seamlessly.

  

5. Account Types and Trading Conditions

  IG Group offers various account types to accommodate different trading needs and preferences. The standard account conditions include:

  • Minimum Deposit: $0 for bank transfers, £250 for credit card deposits.
  • Spreads: Average spreads on major currency pairs starting from 0.6 pips.
  • Commission: Commission-free trading on standard accounts.

  For advanced traders, IG provides premium account types, including VIP accounts, which offer lower spreads and enhanced trading conditions. Additionally, IG offers specialized accounts such as Islamic accounts that comply with Sharia law, ensuring that traders can participate in forex trading without violating their religious principles.

  IG provides a demo account for clients to practice trading strategies without any financial risk. The leverage offered by IG varies depending on the account type and regulatory requirements, typically ranging from 30:1 to 500:1 for different products.

  The minimum trade size for forex transactions is 0.01 lots, allowing traders to start with smaller positions. IG also has a transparent overnight fees policy, providing clear information about swap rates for holding positions overnight.

  

6. Fund Management

  IG Group supports a variety of deposit methods to facilitate easy funding of trading accounts. Accepted deposit methods include:

  • Bank Transfers
  • Credit/Debit Cards
  • E-wallets such as PayPal and Skrill

  The minimum deposit requirement varies by account type, with standard accounts requiring a minimum of $100. Deposits are typically processed instantly, allowing traders to start trading immediately.

  IG Group does not charge deposit fees for most methods, ensuring that clients can fund their accounts without incurring additional costs. Withdrawal methods include bank transfers and e-wallets, with processing times generally taking 1-3 business days depending on the method used.

  Withdrawal fees are minimal, and IG Group provides a clear structure for any applicable fees associated with withdrawals. Clients can manage their funds efficiently, ensuring a smooth trading experience.

  

7. Customer Support and Educational Resources

  IG Group offers robust customer support through multiple channels, including:

  • Phone Support
  • Email Support
  • Live Chat
  • Social Media Platforms

  Customer support is available during trading hours, ensuring that clients receive timely assistance. IG provides support in multiple languages, catering to a diverse client base.

  In addition to customer support, IG Group offers a wealth of educational resources, including:

  • Webinars: Regularly scheduled sessions covering various trading topics.
  • Tutorials: Comprehensive guides and video tutorials for beginners.
  • E-books: Detailed educational materials on trading strategies and market analysis.
  • Market Analysis Services: Daily market insights, news updates, and research reports to help traders make informed decisions.

  The broker also provides various trading tools, including economic calendars, trading calculators, and signal services, enhancing the overall trading experience for clients.

  

8. Regional Coverage and Restrictions

  IG Group serves a wide range of markets globally, including the UK, Europe, Australia, and parts of Asia. The broker has regional offices in several key financial centers, ensuring local support and compliance with regional regulations.

  However, there are certain countries and regions where IG does not accept clients, primarily due to regulatory restrictions. These include:

  • United States (with services offered under the Tastytrade brand)
  • Iran
  • North Korea
  • Syria

  IG Group is committed to adhering to local laws and regulations, ensuring that clients can trade in a safe and compliant environment.

  In conclusion, IG Group stands out as a leading forex trading broker, offering a comprehensive suite of products and services, robust regulatory compliance, and a commitment to client education and support. Whether you are a novice trader or an experienced investor, IG provides the tools and resources necessary to succeed in the dynamic world of forex trading.

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FOREX TRADING Forex Broker has an overall rating of 1.35, Regulatory Index 0.00, License Index 0.00, Business Index 5.77, Software Index 4.00 Risk Control Index 0.00.
FOREX TRADING