Introduction
In this blog post, we will be taking an in-depth look at Focus Markets, a forex and CFD broker that offers trading on a wide range of assets. We will be discussing the pros and cons of using this broker, as well as traders’ ratings to give you a better idea of what to expect should you decide to sign up with them. Focus Markets is a popular choice for many traders, but is it the right broker for you? Read on to find out everything you need to know about Focus Markets.
History
The history of Focus Markets is one that is shrouded in a bit of mystery. The company was founded in 2014, but there is very little information available about the early days of the company. What is known is that the company was founded by a group of experienced financial professionals who saw an opportunity to create a new type of online trading platform.
The company has always been focused on providing traders with a simple and easy to use platform that offers a wide range of features and tools. In the early days, the company was one of the first to offer social trading features. This allowed traders to copy the trades of other successful traders on the platform.
Since those early days, Focus Markets has continued to evolve and add new features and tools for traders. The company now offers a full suite of forex, CFD and cryptocurrency trading options. The company has also recently added stock and index trading to its list of offerings.
Despite its relative young age, Focus Markets has quickly become one of the leading online brokers in terms of both size and reputation. The company currently serves clients from over 150 countries around the world. And with its focus on customer satisfaction, it looks like Focus Markets will be around for many years to come.
Services
At Focus Markets, we offer a wide range of services for our clients. We have a team of experienced and professional traders who can provide you with the best possible trading experience. We offer a variety of account types to suit your needs, including demo accounts and managed accounts. We also offer a variety of educational resources to help you learn about the markets and how to trade effectively.
Focus Markets is committed to providing the best possible trading experience for our clients. We offer competitive spreads, fast execution speeds and a comprehensive range of trading resources. Our customer support team is available 24/5 to answer any questions you may have.
Products
There is a wide range of products available to trade with Focus Markets. These include forex pairs, commodities, indices, shares and cryptocurrencies. The broker also offers CFDs on metals, energies and agricultural commodities.
The average spreads on major forex pairs are around 1.5 pips, with leverage of up to 500:1 available. Spreads on other instruments vary, but are generally competitive. For example, spreads on MT4 gold start at 0.4 pips.
Focus Markets offer a decent selection of tradable assets and their spreads are reasonable. However, it is worth noting that they do not currently offer any micro lot trading (trades in increments of 1,000 units). This may be off-putting for some traders who like to have more control over their position sizes.
Markets
The Markets section of the Focus Markets Review provides an overview of the different types of markets that are available to traders on the site. There are four main markets that are available: forex, commodities, indices, and shares. Each market has its own unique benefits and risks that need to be considered before trading.
The forex market is the largest and most liquid market in the world. It is also the most volatile, which can make it both risky and profitable for traders. The key to successful forex trading is to have a solid understanding of the currency pairs that you are trading and to be able to manage your risk.
The commodities market is another popular choice for traders. Commodities are physical goods that can be bought and sold, such as gold, oil, or wheat. The prices of commodities can be affected by a variety of factors, such as supply and demand, weather, and politics. Like the forex market, commodity trading can be both risky and profitable.
The indices market consists of major global stock indexes, such as the Dow Jones Industrial Average (DJIA) or the S&P 500 Index. These indexes provide a way for traders to get exposure to a broad range of stocks without having to trade each one individually. The key to successful index trading is to choose an index that is well-suited to your investment goals and risk tolerance.
The shares market refers to the buying and selling of stocks in public companies. This type
Account Types
There are three main types of accounts offered by Focus Markets- a standard account, a managed account, and a demo account. The standard account requires a minimum deposit of $500 and gives the trader access to all the features of the Focus Markets trading platform. The managed account is only available to clients with a minimum deposit of $10,000. This account type gives the client access to a personal manager who will help make trade decisions. The demo account is available to all traders and does not require a deposit. This account type allows the trader to use virtual money to practice trading before investing real money.
Promotions
In order to entice new clients, Focus Markets offers several promotions. For example, they currently offer a $50 cash bonus for those who open a new account and deposit at least $500. They also offer up to $2,000 in bonuses for referrals. And finally, they offer a loyalty program that rewards their most active traders with cash bonuses, free gifts, and even vacations.
While these promotions are certainly appealing, it’s important to remember that they come with certain strings attached. For instance, the $50 cash bonus is only available to those who trade at least 20 lots within the first month of opening their account. And the referral bonuses are only paid out if your referral trades at least 500 lots within their first 6 months. So be sure to read the fine print before signing up for any of these promotions.
Fees and Commissions
Investors can trade on the Focus Markets platform with commission-free trades. There is no account minimum, and investors can trade in USD, GBP, EUR, and CHF. The company makes money from the bid/ask spread.
The following fees and commissions are associated with trading on the Focus Markets platform:
-Trading Fees: $0 per trade
-Withdrawal Fees: $0
-Deposit Fees: $0
-Inactivity Fee: $0
Education
Investors in search of a simple, yet effective way to trade the financial markets may want to consider opening an account with Focus Markets. This online broker offers access to a wide range of tradable assets, including major forex pairs, popular cryptocurrencies, indices, and shares. What’s more, the trading platform is user-friendly and can be accessed from both desktop and mobile devices.
In terms of education, Focus Markets provides traders with a selection of helpful resources that can be used to improve their trading knowledge and skills. These include an economic calendar, market news section, educational videos, and a glossary of trading terms.
Safety and Regulation
In order to trade on Focus Markets, you must first open an account and deposit funds. How much you need to deposit depends on the account type you choose, but the minimum is $250 for a Micro account.
Focus Markets is a registered Futures Commission Merchant (FCM) with the Commodity Futures Trading Commission (CFTC), and is a member of the National Futures Association (NFA). This means that it is subject to strict regulation designed to protect traders.
For example, Focus Markets is required to keep your funds segregated from its own money, so that if the company were to go bankrupt, your money would be protected. It is also required to submit regular reports detailing its financial position, so that regulators can ensure that it remains solvent.
Overall, then, Focus Markets is a safe and regulated broker that should give you peace of mind when trading.
Customer Service
If you’re looking for a broker that offers great customer service, Focus Markets is definitely worth considering. The company has a team of knowledgeable and experienced customer service representatives who are always willing to help with any questions or concerns you may have.
One of the best things about Focus Markets is that they offer 24/7 customer support. So no matter what time of day it is, you can always get in touch with someone if you need to. This is extremely convenient and really goes above and beyond what most brokers offer.
In addition, Focus Markets offers a dedicated account manager to each and every one of their clients. This means that you’ll have someone to help you with all aspects of your trading, from setting up your account to placing trades and managing your portfolio. Having this kind of support can be invaluable, especially if you’re new to online trading.
Conclusion
In this Focus Markets review we have looked at all the pros and cons of trading with this broker. Overall, we would say that it is a good choice for those who are looking for a reliable and regulated broker that offers a good selection of assets and features. However, there are some drawbacks to be aware of, such as the limited customer support options and the lack of a mobile trading platform. But overall, we think Focus Markets is a decent option for online traders.