About EgoFreeTrading.com
EgoFreeTrading.com is a new online broker that has quickly made a name for itself in the online trading world. regulated by the Cyprus Securities and Exchange Commission (CySEC), EgoFreeTrading.com offers investors a robust and user-friendly trading platform with a wide range of financial instruments to trade.
In addition to offering traditional forex currency pairs, EgoFreeTrading.com also provides access to CFDs on commodities, indices, stocks, and cryptocurrencies. This makes it an ideal choice for traders who are looking for a one-stop shop to fulfill all of their online trading needs.
Another impressive feature of EgoFreeTrading.com is its customer service team, which is available 24/7 to answer any questions or concerns that traders may have. Overall, EgoFreeTrading.com is a reliable and trustworthy broker that is well worth considering for both beginner and experienced traders alike.
Regulations
EgoFreeTrading.com is a website that offers advice and resources for trading stocks, options, and other securities. The company is headquartered in the United Kingdom and is regulated by the Financial Conduct Authority (FCA).
The website provides an online platform for users to access information and make trades. The platform is simple and easy to use. It includes features such as charts, news, and analysis. Users can also set up alerts to notify them of changes in the market.
EgoFreeTrading.com offers a variety of different instruments to trade including stocks, options, futures, and Forex. The site also provides research and education resources to help users make informed decisions about their trades.
Overall, EgoFreeTrading.com is a reputable website that offers a good selection of products and services for traders of all levels of experience.
Platforms
The platforms that are available on EgoFreeTrading.com are the following: Metatrader 4 (MT4), Webtrader, and Mobile trading. MT4 is a desktop application that can be downloaded and installed on your computer, while Webtrader is a web-based platform that can be accessed from any internet browser. Mobile trading allows you to trade on the go from your smartphone or tablet.
All of these platforms are available for demo and live trading accounts. The demo account is a great way to test out the features and functionality of the platform before committing to a live account. The live account is where you will place your actual trades and have access to real-time market data.
In terms of instruments, EgoFreeTrading.com offers currency pairs, CFDs, and spot metals for trading. You can trade over 50 currency pairs, including major, minor, and exotic pairs. CFDs are contracts for difference that allow you to speculate on the price movements of underlying assets such as indices, commodities, and shares. Spot metals are precious metals that can be traded in their physical form or as futures contracts.
Instruments
Instrument choices on the EgoFreeTrading.com site are average with 55 forex pairs available as well as CFD’s on indices, energies, metals, and shares. The selection could be improved as other online brokerages offer upwards of 70-80 currency pairs.
Spreads start at 1 pip for the EUR/USD pair which is about average when compared to other online brokerages. One nice feature is that there is no commission charged on any trades. Most other sites charge a commission of $5-$7 per standard lot traded. So if you trade a mini lot of 10,000 units, that would be a commission of 50-70 cents per lot traded with EgoFreeTrading.com versus $5-$7 with other brokerages.
Leverage goes up to 1:400 which is high when compared to traditional brokerages but about average for online forex brokerages. Higher leverage can be both good and bad depending on your strategy and risk tolerance. With higher leverage you can make more profits (or losses) on a smaller movement in the market but you are also increasing your risk.
Ratings
EgoFreeTrading.com is a website that offers forex and CFD trading services. It is operated by a company called Ego Free Trading Limited, which is registered in the United Kingdom and is regulated by the Financial Conduct Authority (FCA).
The website offers two types of accounts: a standard account and a VIP account. The standard account requires a minimum deposit of $250, while the VIP account requires a minimum deposit of $10,000. Both accounts offer leverage of up to 1:200 and allow for micro lot trading.
The website provides its users with access to the MetaTrader 4 platform, which is one of the most popular forex trading platforms in the world. The platform offers a variety of features that can be used by both beginner and experienced traders.
In terms of instruments, EgoFreeTrading.com offers more than 50 currency pairs, as well as precious metals, energies, indices, and cryptocurrencies. The spreads on the website are variable and start at 0.0 pips for the EUR/USD pair.
As for ratings, EgoFreeTrading.com has been accredited by the Better Business Bureau (BBB) with an A+ rating. The website has also been rated 4 stars out of 5 by Trustpilot, based on 9 reviews.
Pros and Cons
When it comes to online trading, one of the first things you need to consider is the broker you will use. There are many different brokers out there, and each has its own set of pros and cons. In this EgoFreeTrading.com review, we will take a look at the regulation, platforms, instruments, and ratings for this broker.
EgoFreeTrading.com is a regulated broker by CySEC in Europe and ASIC in Australia. This means that they are held to high standards of conduct and must follow strict rules in order to protect their clients’ money. They offer a variety of different trading platforms including MetaTrader 4, Webtrader, and Mobile Trader. You can trade a wide range of instruments including forex pairs, CFDs, indices, metals, and energies. And finally, they have received high marks from independent rating agencies such as TrustPilot and Investing.com.
Now let’s take a look at some of the pros and cons of using EgoFreeTrading.com as your online broker.
Conclusion
EgoFreeTrading.com is a reliable online trading website that offers a wide range of products and services to its clients. It is regulated by the Cyprus Securities and Exchange Commission (CySEC) and provides a safe and secure platform for its clients to trade on. The website also offers an extensive range of educational resources, which makes it an ideal choice for those who are new to online trading. Overall, we would recommend EgoFreeTrading.com as a reputable and trustworthy website where you can trade with confidence.