Introduction
Aboutcurrency.com is a website that provides information about the currency markets. It offers users a platform to trade currencies, as well as tools and resources to help them make informed decisions about their investments. The website also contains user ratings and reviews of different currency brokers and platforms. In this Aboutcurrency.com review, we will take a look at the website’s features, including its regulation, platforms, instruments and user ratings.
Aboutcurrency.com Review
Aboutcurrency.com Review – Currency Regulations
When investing in foreign exchange, it is important to be aware of the different regulatory agencies that oversee the markets. In the United States, there are three primary regulator bodies: the National Futures Association (NFA), Commodity Futures Trading Commission (CFTC) and the Financial Industry Regulatory Authority (FINRA). Each country has its own set of regulations, so it is important to check with the relevant authorities before investing.
Instrument Coverage on Aboutcurrency.com
Aboutcurrency.com provides users with access to a wide range of currency instruments, including major and minor pairs, exotic pairs and emerging market currencies. The site also offers a number of tools and resources to help users make informed decisions about their trades. These include live quotes, charts, news and analysis from leading industry experts.
User Ratings and Feedback
Overall, aboutcurrency.com seems to be a popular choice among currency traders, with most users giving the site positive feedback. There are a few complaints about customer service and platform issues, but these seem to be in the minority. Overall, aboutcurrency.com seems to be a safe and reliable choice for those looking to trade currency online.
Regulations
The majority of online brokerages in the U.S. are regulated by the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC). Aboutcurrency.com is regulated by both the SEC and CFTC.
Aboutcurrency.com offers clients two different types of trading platforms: a web-based platform and a mobile platform. The web-based platform is designed for active traders who need advanced charting capabilities, while the mobile platform is more suitable for casual traders who want to trade on the go.
In terms of instruments, Aboutcurrency.com offers forex trading, as well as CFDs on indices, commodities, stocks and cryptocurrencies. Leverage of up to 50:1 is available on forex pairs, while leverage on other instruments is capped at 20:1.
Finally, in terms of user ratings, Aboutcurrency.com has a Trustpilot score of 4 out of 5 stars based on over 300 reviews, and a BBB rating of A-.
Platforms
The forex market is traded on the interbank market, which is a network of computers that connect banks and other financial institutions around the world. It is the largest and most liquid financial market in the world, with a daily trading volume of more than $5 trillion.
There are a number of different platforms that allow you to trade forex, including online brokerages, dealing desk brokers and phone-based brokers. Each platform has its own strengths and weaknesses, so it’s important to choose one that best suits your needs.
Some of the most popular forex platforms include MetaTrader 4 (MT4), cTrader and NinjaTrader. MT4 is the industry standard platform for retail forex traders, while cTrader is designed specifically for institutional traders. NinjaTrader is a popular platform for technical analysis and automated trading.
When choosing a forex platform, it’s important to consider factors such as ease of use, costs, customization options and execution speed. You should also make sure that the platform you choose is compatible with your broker’s trading systems and software.
Instruments
Instruments
Currency pairs, precious metals, and CFDs on energies, indices, and stocks are the main instruments available for trading at Aboutcurrency. The broker also offers cryptocurrency CFDs.
There are more than 50 currency pairs to trade including majors, minors, and exotics. The maximum leverage is 1:500 for forex pairs. For other instruments, it varies from 1:2 to 1:25 depending on the asset class.
Precious metals such as gold and silver can be traded against USD or EUR with a maximum leverage of 1:500. Gold spreads start from 0.4 pips and silver from 0.5 pips on the MetaTrader 5 platform. There is no commission charged on these trades.
CFDs on energies include natural gas and crude oil which can be traded against USD with a maximum leverage of 1:10 and spreads starting from 0.01 pips on MetaTrader 5. For indices CFDs, the leverage is up to 1:200 and there are 28 stock index CFDs to trade with Aboutcurrency against USD with spreads starting from 0.1 pips on MT5 platform. Stocks CFDs are offered with a maximum leverage of 1:10 and 22 individual stocks are available to trade with this broker against USD with spreads starting from just 0 pips on MT5 platform again. Last but not least, cryptocurrency CFDs can be traded with a max leverage of 1:2 and there are
User Ratings
User ratings play an important role in the Aboutcurrency.com review process. We take into account the number of ratings as well as the average rating when considering a platform or instrument for our reviews.
In order to get a better sense of what our users think about a particular platform or instrument, we encourage you to leave your own rating and review. Your feedback is valuable to us and helps us improve our reviews. Thank you for taking the time to provide your insights!
Pros and Cons
When it comes to online forex trading, there are a number of different things that you need to consider before you start. One of those things is finding a reputable broker that suits your individual needs. In this Aboutcurrency.com Review, we will take an in-depth look at the various aspects of this broker, including their regulation, platforms, instruments and user ratings.
PROS:
-Reputable and well-regulated by the FCA
-Offers a wide range of currency pairs, CFDs and other financial instruments
-Good customer support available via live chat, email and phone
CONS:
-Not the cheapest broker around with slightly higher than average spreads on some pairs
Conclusion
Overall, Aboutcurrency.com is a reliable and informative website that covers a wide range of topics related to the world of finance. The site is well-regulated and offers a variety of platforms, instruments and user ratings to help you make informed decisions about your finances.