Oct 30, 2017

Top 3 Best ECN Forex Brokers With Lowest Spreads


Updated Nov. 14, 2017

 

low spread is one of the main criteria of a trader when choosing a broker. Scalpers in particular, which are the most frequent traders need a low cost transaction fee as much as possible, and an ECN broker that offers tight spreads with low commissions is the best option. 


Why trade with an ECN Forex Broker?

Trading with an ECN Forex Broker is much better compared to Market Maker Brokers because their is a clear conflict of interest when trading with a MM broker, your profit is their loss, and your loss is their profit. Whereas when you trade with an ECN broker, your orders are routed to their big liquidity providers like Citi, JP Morgan, Deutsche Bank, Goldman Sachs, Bank of America, HSBC and etc., which results to much tighter spreads due to the strong competition. ECN brokers simply charge a commission for each trade conducted by the clients and they don't take the opposite side of the trades. Therefore, ECN brokers doesn't have market exposure and thus, they don't have to worry if their clients make profitable trades since it's not them that fills the clients' orders.

Below is a list of the Top 3 Best ECN Forex Brokers with the lowest spreads.



IC Markets (22% Discount Link)

IC Markets is a "True ECN Broker" based in Australia and is one of the best brokers out there. This company was founded in 2007 and is currently regulated by the Australian Securities and Investments Commission (ASIC). Their Headquarters is located in Level 6, 309 Kent Street, Sydney. 

IC Markets is one of the few brokers who disclose their liquidity providers. This leads to more trust from the clients since they will know who they're trading with. You can easily find all of their liquidity providers on their homepage. They also don't offer deposit bonuses, typical of a true ECN Broker.

IC Markets True ECN Broker Lowest Spread

IC Markets' average floating spread on major pairs like EUR/USD and USD/JPY is only 0.1 pip and goes to zero during peak hours. They charge a commission of $7.00 per lot on majors and crosses.

Min Deposit: $200

Max Leverage: 1:500 

Trading Platforms : MetaTrader 4 & 5, cTrader, ZuluTrade, Myfxbook Autotrade

Join IC Markets using the link below and get a 22% ($1.50) commission discount so you get charged only $5.50 per lot instead of the regular $7.00 per lot.

IC Markets Discount link 




TradeView Forex (22% Discount Link)

TradeView Forex is a true ecn broker with their liquidity providers being several big banks. This broker is based in Cayman Islands and is currently regulated by the Cayman Island Monetary Authority (CIMA). 
TradeView Forex provides a true ECN marketplace and has one of the tightest spreads and lowest commission brokers in the industry. 

TradeView is also a good option for institutional clients through the "Liquidity Connector" account. With their outstanding experience and valued relationships with liquidity providers, TradeView offers unified institutional services to help institutional clients take their brokerage business to a higher level and achieve their business goals.

TradeView True ECN Forex Broker




TradeView Forex's average floating spread on major pairs is only 0.1 pip and also goes to zero during peak hours. They also charge only $7.00 per lot on major and cross currency pairs. 

Min Deposit: $1,000

Max Leverage 1:400

Trading Platforms : MetaTrader 4 & 5, Currenex, cTrader 

Join TradeView Forex using the link below and get a 22% ($1.50) commission discount so you get charged only $5.50 per lot instead of the regular $7.00 per lot.




Global Prime (22% Discount Link)

Global Prime FX is an Australian based broker located in Sydney and is currently regulated by the Australian Securities and Investments Commission (ASIC). This broker boasts of it's transparency, top tier customer support, and Prime Broker relationship.

* Not the usual broker

Unlike many other retail brokers, Global Prime does not offer deposit bonuses and extremely high leverages. Deposit bonuses have a lot of strings attached to it while very high leverage, on a historical basis, leads to blowing accounts much faster instead of making gains faster.

* Trade receipts

Global Prime is one of the rare forex brokers who provides trade receipts to its clients. This receipt shows which liquidity provider filled the clients' orders so they would know who took the opposite side of their trade. This transparency of Global Prime is what makes them one of the best forex brokers.

Global Prime ECN Forex Broker Lowest Spread

Global Prime's average floating spread on major pairs is only 0.1 pip and goes to zero during peak hours of the market. They charge $7 per lot on major and cross currency pairs. 

Min Deposit: $500 AUD or equivalent in other currencies

Max Leverage: 1:100

Trading Platforms : MetaTrader 4, Myfxbook Autotrade, FIX API

Join Global Prime using the link below and get a 22% ($1.50) commission discount so you get charged only $5.50 per lot instead of the regular $7.00 per lot.




Exness is based in Saint Vincent and the Grenadines and is currently regulated by the Cyprus Securities and Exchange Commission (CySEC), and Financial Conduct Authority (FCA) in the UK. This broker was founded in 2008 and is now one of the leading forex brokers. They also disclose their liquidity providers which proves that they are also a true ECN broker.

Exness ECN Forex Broker

Exness' average floating spread on major pairs is 0.3 pips and they only charge $5.90 per lot on both major and cross currency pairs.

Min Deposit: $300

Max Leverage: 1:200



Your broker must have these attributes:

- Regulated by financial regulatory authorities
- Offers ECN accounts
- Offers raw spreads from Interbank Foreign Exchange Market
- No minimum Stop Loss and Take Profit levels
- Provides quick withdrawals, not only deposits
- Quick response from customer support representatives


All of the above listed brokers have these attributes so rest assured that your money is in the right hands.


Characteristics of a true ECN Broker:

- No reqoutes of course
- Allows all kind of trading strategies like hedging, news trading, scalping and arbitrage trading
- Does not offer generous bonuses like 100% or 50% deposit bonus because these bonuses have a lot of strings attached to it, and you don't need any kind of deposit bonus if you are a profitable trader
- Does not trade against you by hedging your trades/taking the other side of your trades, but instead routes your orders to their liquidity providers or matches it with other clients' orders
- Charges commission for each trade instead of spread markups
- Offers 5 digit pricing from the decimal point for USD pairs and 3 digit for JPY pairs
True ECN Broker Characteristics
This broker uses 5 decimals accurate pricing on EUR/USD and 3 decimals on USD/JPY, an indication that it is a true ECN broker.


fake ECN Broker
This one does not use accurate decimal pricing. It only has 4 decimals on EUR/USD while 2 decimals only on USD/JPY, an indication that it is not an ECN broker.

- Does not have a minimum Stop Loss and Take Profit level
genuine ecn broker no minimum stop loss and take profit
This broker does not have a minimum Stop Loss or Take Profit

fake ecn broker
This broker has minimum stop loss or take profit of 7 pips for GBP/JPY pair which is an indication that it is not a true ECN broker.
- Offers variable spreads, not fixed spreads or fixed zero spreads             
true ecn broker variable spreads
This broker has variable spreads
forex broker fixed spread
This broker has fixed spreads which is an indication that it is not an ECN broker
forex broker fixed zero spread
This broker offers fixed zero spreads but charges too much commission per trade, equivalent to 2 pips. ECN brokers doesn't offer fixed zero spread because they are not the one who dictate the spreads, it's their liquidity providers.



Advantages of trading with an ECN Broker

- No conflict of interest as ECN Brokers doesn't take the opposite side of your trades but instead routes it to their liquidity providers or matches it with other clients.
- Tighter spreads due to strong competition from several liquidity providers.
- Prices are much more volatile which is good for scalpers.


True ECN Brokers have Market Maker systems too.

As you may have noticed, several ECN Brokers have market maker systems too through their micro accounts and standard accounts, that's because some traders cannot afford the higher minimum deposit for ECN accounts, that's why ECN Brokers offer micro and standard accounts for these traders so they could experience live trading as well with just a small amount of money, this is much better than trading with a pure Market Maker Broker since you can't move your funds to an ECN account with MM brokers.

If you are currently trading with a micro account and you have reached the minimum deposit for an ECN account, then you should open one because you'll get more benefits like tighter spreads with this type of account.

Did you know? 

An ECN Broker is automatically a STP (Straight Through Processing) and NDD (No Dealing Desk) Broker because your orders are executed automatically/electronically and routed directly to the liquidity providers or matched with other clients' orders without the intervention of a middleman. So an ECN Broker is an STP, and NDD broker at the same time.


If you think that your broker deserves to be included in this list, then put their name in the comments and I will conduct a thorough review.

Do you have questions regarding this article? Just leave them in the comments and I will reply asap.


*Risk Warning: 

Before you start trading, you should completely understand the risks involved with the currency market and trading leveraged products, and you should be aware of your level of experience.

*This article is not directed to jurisdictions where retail forex trading is restricted.



tags: top forex brokers with lowest spreads 2017, best ecn forex broker for scalpers, tight spread forex broker, ecn brokers for beginners, forex broker spread comparison, best ecn forex brokers 2017, ecn broker list

Aug 24, 2017

Free $10 Forex No Deposit Bonus Without Verification



Trading forex needs money, but some traders doesn't have spare cash in their pockets for forex trading, others just wiped out their accounts recently and they don't have money yet to deposit to their account again, so when a forex broker offers a no deposit bonus for new clients, a lot of traders immediately grab the offer. 

FXOpen is one of these brokers who offer a no deposit bonus for new clients, this is there way of allowing new clients to test how good their platform is before the new clients deposit their own money. The good thing about this bonus is that you can claim it without verification of your account and you can withdraw all the profits you make from it.


FXOpen No Deposit Bonus


Overview of FXOpen

FXOpen is an ECN broker and is one of the oldest brokers which started offering brokerage services in 2005. They are regulated by the Australian Securities & Investments Commission (ASIC) and Financial Conduct Authority (FCA). FXOpen offers several account types and these are:
Micro - Minimum Deposit $1
Crypto - Minimum Deposit $10
STP - Minimum Deposit $10
ECN - Minimum Deposit $100

When choosing a forex broker, you must see to it that the broker is large enough to handle lumps of money and is able to put them in the safest place. The broker must be insured, offers tight spreads, quick response from customer support representatives, have been around for many years and have a lot of experience about this kind of service and FXOpen has all these. Read below to find out how you can claim their $10 welcome bonus.

Amount : $10
Account Type: STP (Straight Through Processing)

To receive this bonus, follow the steps below:

1. Register an FXOpen e-Wallet and open an STP trading account. 

2. Verify your mobile number.

To verify your mobile number, follow the procedure below:

a. Click Settings on your Personal Area then click SMS notifications.
FXOpen No Deposit Bonus Tutorial

b. Enter your mobile number then submit.

c. Enter the four digit verification code you recieved.
FXOpen No Deposit Bonus Verification Code

d. Check all the boxes you'll see, then click save.
FXOpen SMS Notifications

e. Enter the second code you receive then click Confirm.
FXOpen SMS Confirmation


f. Login to your STP account on MT4 and you'll see the $10 bonus has already arrived.


The bonus will be added automatically to the first STP account that you open. You can use the bonus for live trading and withdraw the profit received when the trading volume exceeds 2 lots. All closed trades are counted - both losing and profitable. 

As the title of this post says, you don't need to verify your account by submitting scanned copies of your ID and utility bill in order to recieve the $10 bonus, but you need to somehow verify your mobile number. This is FXOpen's way of ensuring that you're not a bot.


Bonus withdrawal terms: 

- The bonus is paid once to your first trading account. You cannot withdraw the bonus, but you can withdraw any profit after trading a minimum of 2 lots. 

- There is no expiration date on the $10 bonus after you receive it.

Link to FXOpen
https://www.fxopen.com/


If you have questions, just leave them in the comments and I'll reply as soon as possible.

*Risk Warning: Trading leveraged Forex and CFDs carry a high level of risk. Trade with caution and don't risk what you can't afford to lose. 


tags: forex no deposit bonus without verification, forex welcome bonus, forex brokers offering no deposit bonus list

Jul 27, 2017

Top 5 Highest Paying PopUnder Networks - Best CPM Rates


Below is the list of the top 5 highest paying best pop under ad networks, ranked according to their popularity.


Note: Your CPM rate will greatly depend on your traffic source, if your visitors come from tier 1 countries (wealthy countries), then you'll get the best rates available.




1. PopCash
https://popcash.net/

popcash highest paying popunder network.

PopCash is one of the highest paying popunder network with a CPM of up to $8 for traffic coming from tier 1 countries and a guaranteed 0.001 pay for each visitor for low quality traffic. PopCash was established in 2012 and kept on expanding since then. They accept almost all kinds of websites and blogs and their approval process is really quick so you'll be able to implement their ads just minutes after signing up.

Payout Methods - PayPal, Paxum, Payza

Minimum - $10


Payout Schedule - Daily


2. Propeller Ads Media
Propeller Ads is also a high paying popunder network with a CPM rate of up to $7 for quality traffic. Propeller Ads started in 2011 and is currently one of the fastest growing ad networks. The only con about Propeller Ads is that they don't offer PayPal as a payout method which is the most preferred way of publishers in withdrawing their earnings. But in terms of reliability, you can definitely rely on Propeller Ads on monetizing your traffic.

Edit: Propeller Ads already added PayPal as payment option with minimum cash out of $100. Good news for publishers who were requesting to add PayPal.

Payout Methods - PayPal, Payoneer, Wire Transfer

Minimum -  $100 for PayPal and Payoneer, $500 for Wire Transfer

Payment Schedule - Net 30 Days


3PopAds
PopAds is a high paying popunder network and is one of the oldest which was established in 2010. PopAds' CPM rate does not go below $4 for US traffic and they also allow you to determine your own rate, so if your site receives a lot of traffic, then you can set your minimum rate.

Payout Methods - PayPal, AlertPay, Wire Transfer

Minimum - $5 for PayPal and AlertPay, $500 for Wire Transfer

Payment Schedule - Daily


4. PopMyAds
PopMyAds is another high paying popunder network which was established in 2014. They also accept almost all kinds of sites just like PopCash and the application approval is instant as well.

Payout Methods - PayPal, Payza, Wire Transfer

Minimum - $5

Payout Schedule - Within 7 Days after request


5. RevenueHits

RevenueHits is a performance advertising network which also offers popunder ads. The only con about RevenueHits is that they don't use SSL (https://) on their site which is important for securing the login information of the publishers. But in terms of CPM rate, theirs is also high and they also have banner ads which you can implement on your site to increase your revenue. They also accept almost all kinds of sites and the application approval is fast as well.

Payout Methods - PayPal, Payoneer, Wire Transfer

Minimum - $20

Payout Schedule - Weekly, Net 30 Days



What do you mean by quality traffic?

- Quality traffic means that the visitors to your site comes from wealthy/developed countries and are 21 years old and above. These type of visitors usually have jobs already or have pensions and has credit cards, and they can afford to purchase the products or services that the advertisers offer. Therefore, they are the kind of people that the advertisers are looking for.

What is CPM rate?

- CPM rate is the average amount you'll receive for every 1,000 visitors. If the CPM rate is $5, then you'll earn an average of $5 for every 1,000 unique visitors.


Tips: 

1. It is best to place only 1 - 2 popunders on your site that displays only once every 24 hours per visitor so that you won't hurt the user experience. Visitors get annoyed when they already clicked something on a site a couple times but only popunders keep on opening in a new tab instead of being redirected to their desired page. So don't put too much popunders on your site so that your visitors would keep coming back instead of avoiding your site because of too much popunder ads

2. To see for yourself on which popunder network really pays the highest, try each of them for one week then record your earnings. Your list will likely be the same as here.


Conclusion

Their is only a small difference on CPM rates between popunder networks. Whichever ad network you're working with, as long as you can deliver quality traffic, you'll always get the best rates automatically once their system detects that your website is bringing in quality traffic. Ad networks give a little bit more importance to their top earning publishers by responding quickly to their queries and processing their thousands worth of withdrawals as soon as possible so that these high quality publishers won't leave their network. Because the more income their publishers generate, the more income they generate as well.

This does not mean that they do not give importance to the low earning publishers. They know that each publisher has the potential to increase their traffic significantly thus increasing their earnings as well, it's just that they give a little bit more priority to the already high earning publishers.


Which pop-under network do you think is the best? Share your thoughts on the comments.

Top 3 Most Popular ECN Forex Brokers


tags: best popunder network, best pop up ads network, highest paying pop up ads, top mobile pop under network, pop up ad network for tech support, best paying popunder network 2017