EXT forex broker provides various trading information, with an average trading speed of 0ms, a trading cost of null, an average slippage of , a liquidation rate of %, a spread cost of 0.00, etc
Rating Index
Business
Risk Control
EXT Broker Trade
EXT Trade: A Comprehensive Review of the Forex Broker
The forex market is a dynamic and essential component of the global financial system, enabling traders to exchange currencies and speculate on price movements. Among the myriad of forex brokers, EXT Trade has carved a niche for itself, offering a robust trading platform and a wide array of financial instruments. This article aims to explore three key aspects of EXT Trade: its trading conditions, the features of its trading platform, and an assessment of its advantages and disadvantages.
Broker Overview and Trading Conditions
| Established | Regulating Authority | Headquarters | Minimum Deposit | Leverage | Average Spread |
|---|---|---|---|---|---|
| 2011 | CySEC | Limassol, Cyprus | €10,000 | 1:30 (EU), 1:500 (HK) | 0.3 pips (EUR/USD) |
EXT Trade, regulated by the Cyprus Securities and Exchange Commission (CySEC), operates under stringent European financial regulations, ensuring a high level of investor protection. The broker caters primarily to professional traders, evident from its minimum deposit requirement of €10,000 for individual accounts. This is significantly higher than the industry average, which often ranges from €100 to €500.
The leverage offered varies based on the trader's location: European traders can access a maximum leverage of 1:30 for major currency pairs, while those trading through the Hong Kong entity may benefit from leverage of up to 1:500. The average spread for the EUR/USD pair stands at 0.3 pips, which is competitive compared to other brokers in the market.
Trading Platform and Product Analysis
EXT Trade offers a proprietary trading platform that is accessible via web, desktop, and mobile devices. This platform supports various trading strategies and provides essential features such as advanced charting tools, real-time market data, and customizable layouts.
Available Currency Pairs
| Currency Pair Category | Number Offered | Minimum Spread | Trading Hours | Commission Structure |
|---|---|---|---|---|
| Major Currency Pairs | 50+ | 0.3 pips | 24/5 | Variable |
| Minor Currency Pairs | 30+ | 0.5 pips | 24/5 | Variable |
| Exotic Currency Pairs | 20+ | 1.0 pips | 24/5 | Variable |
The platform supports a diverse range of currency pairs, including major, minor, and exotic pairs. The execution speed is notably fast, thanks to the broker's extensive server network, which minimizes latency. However, traders should be aware that slippage may occur during high volatility periods, impacting the final execution price.
Advantages, Disadvantages, and Security Assessment
Advantages:
- Regulatory Oversight: EXT Trade is regulated by CySEC, providing a layer of security and trust for traders.
- Diverse Financial Instruments: The broker offers access to over 600,000 financial instruments, including stocks, ETFs, bonds, futures, and options, which allows for portfolio diversification.
- Advanced Trading Platform: The proprietary platform is user-friendly and equipped with advanced features that cater to both novice and experienced traders.
- High Minimum Deposit: The requirement of €10,000 for individual accounts may deter beginner traders or those with limited capital.
- Limited Educational Resources: The broker lacks comprehensive educational materials, which could be a drawback for traders seeking to enhance their skills.
Disadvantages:
Security Measures
EXT Trade employs various measures to ensure the safety of client funds, including segregated accounts and adherence to strict regulatory standards. Additionally, the broker offers risk management tools such as stop-loss orders to help traders manage their exposure effectively.
Customer satisfaction ratings indicate a generally positive experience, with many users praising the broker's responsive customer support and the efficiency of its trading platform.
Practical Strategy and Summary Recommendations
For traders utilizing EXT Trade's platform, a simple yet effective strategy is to employ a trend-following approach. This involves identifying the prevailing trend in the market and entering trades in the direction of that trend, using technical indicators such as moving averages to confirm entry and exit points.
In conclusion, EXT Trade presents a competitive trading environment, particularly suited for professional traders who can meet the higher minimum deposit requirement. The broker's robust platform, diverse range of instruments, and regulatory oversight make it a reliable choice for experienced traders. However, beginners may find the initial capital requirement and limited educational resources to be significant barriers.
FAQs
1. Is EXT Trade a regulated broker？
Yes, EXT Trade is regulated by the Cyprus Securities and Exchange Commission (CySEC), ensuring compliance with European financial standards.
2. What is the minimum deposit required to open an account with EXT Trade？
The minimum deposit for individual accounts is €10,000, while corporate accounts require a minimum deposit of €50,000.
3. What trading platforms does EXT Trade offer？
EXT Trade offers a proprietary trading platform accessible on web, desktop, and mobile devices, equipped with advanced trading tools and features.
Risk Warning: Trading in financial markets involves significant risk and may not be suitable for all investors. Always ensure you understand the risks involved before trading.