Introduction
Currency trading is becoming more and more popular as a main source of income for people all over the world. The foreign exchange market (Forex) is the largest and most liquid market in the world, with a daily turnover of more than $5 trillion. This huge amount of liquidity makes it easy to trade currency pairs 24 hours a day, 5 days a week. If you’re thinking about becoming a currency trader, there are a few things you should know before you get started. In this blog post, we will explore some of the key regulations, platforms, instruments and ratings involved in currency trading.
What is Complete Currency Trader?
Complete Currency Trader is an online trading platform that offers a range of benefits for its users. One of the main advantages of using Complete Currency Trader is that it is regulated by the Financial Conduct Authority (FCA). This means that the platform is subject to strict financial regulations, which protect users’ funds and ensure that trades are executed fairly.
Another benefit of using Complete Currency Trader is that it offers a wide range of tradable instruments. In addition to major currency pairs, the platform also supports exotic pairs, metals, and CFDs. This gives users a great deal of flexibility when it comes to choosing which markets to trade.
Finally, Complete Currency Trader has received positive ratings from both users and independent reviewers. On Trustpilot, the platform has an Excellent rating, with over 90% of users giving it a 5-star review. Similarly, on Forex Peace Army, Complete Currency Trader has a 4-star rating, with users praising its customer service and easy-to-use platform.
The Different Types of Platforms
There are three primary types of cryptocurrency platforms: exchanges, wallets, and payment processors.
Exchanges are online marketplaces where buyers and sellers can trade cryptocurrencies for other assets, such as fiat currencies or other cryptocurrencies. The most popular exchanges include Coinbase, Kraken, and Binance.
Wallets are digital storage devices for cryptocurrencies. They can be software programs installed on a computer or phone, or physical devices like USB drives. Some wallets can only store one type of cryptocurrency, while others can store multiple types. Popular wallet providers include Trezor and Ledger.
Payment processors are companies that facilitate the transfer of funds between buyers and sellers. They typically charge a fee for their services. Popular payment processors include BitPay and CoinBase Commerce.
The Instruments You Can Trade
You can trade a number of different instruments when you use the Complete Currency Trader platform. These include:
-Major currencies: You can trade the major currencies such as the US Dollar, Euro, Japanese Yen, British Pound, Swiss Franc, and more.
-Minor currencies: In addition to the major currencies, you can also trade minor currencies such as the Canadian Dollar, Australian Dollar, and New Zealand Dollar.
-Commodities: You can trade commodities such as gold, silver, oil, and copper.
-Indices: You can trade indices such as the Dow Jones Industrial Average, S&P 500 Index, NASDAQ Composite Index, and more.
The Rating System
The Complete Currency Trader platform is regulated by the Cyprus Securities and Exchange Commission (CySEC). The platform is also registered with the U.S. National Futures Association (NFA) and is a member of the Commodity Futures Trading Commission (CFTC).
The platform offers a variety of currency pairs for trading, including major, minor and exotic pairs. In addition, traders can trade precious metals, energies and equity indices on the platform.
Complete Currency Trader provides two account types for its clients – Standard and Professional. Both account types offer leverage of up to 1:500 and a minimum deposit of $100. However, the Professional account type requires a minimum trade size of 0.1 lots, while the Standard account type has no minimum trade size requirement.
The Complete Currency Trader platform uses a market maker model and quotes fixed spreads on all instruments. The spreads start at 2 pips on major currency pairs and increase to as high as 5 pips on exotic currency pairs. Precious metals are quoted with spreads starting at 0.4 pips, while energies have variable spreads that start at 1 pip. Equity indices are quoted with fixed spreads of 3 pips.
In addition to its CySEC regulation, Complete Currency Trader is also registered with the following organizations:
-U.S National Futures Association (NFA)
-Commodity Futures Trading Commission (CFTC)
Conclusion
The Complete Currency Trader is a great resource for those looking to trade forex. It provides an overview of the different regulations, platforms and instruments available, as well as ratings from other users. This can help you make an informed decision about which broker to use and what platform would be best suited for your trading style.