Forex Taxation Malpractices Exposed by Zimbabwe Revenue Authority
Forex News

Forex Taxation Malpractices Exposed by Zimbabwe Revenue Authority

By 16148 0

Zimra (Zimbabwe Revenue Authority) is collecting a mere 25% in the form of forex tax even when there is a rise in forex deposits to the tune of 1.1 billion dollars. As per RBZ (Reserve Bank of Zimbabwe), about 50% of all local transactions are presently occurring in forex after the government gave the go-ahead to the utilization of free funds for local trading.

Forex Tax Malpractices

The poor tax performance related to forex clearly indicates tax non-compliance and the malpractices carried out by business players.

On June 17, the dual pricing system was announced by RBZ and from that time, forex taxation started drawing more attention. This dual pricing system meant that businesses were now allowed to accept foreign currency payments.

Ms. Faith Mazani, Zimra Commissioner, has mentioned that malpractices have been observed by the tax authorities related to forex tax. The reason is that transactions are not being recorded by many businesses where foreign currency is involved in the transaction. Ms. Mazani made this statement yesterday while speaking at a virtual press conference, jointly organized by tax authorities and RBZ on the topic of forex business income and its taxation.

Ms. Mazani added that when any transaction is being recorded, the tax-related declaration is not happening for either entire or partial foreign currency amount. She mentioned that when any foreign currency transaction occurs, it is entered in manual registers, but operators are getting foreign currency and issuing customers receipts for RTGS.

Ms. Mazani also revealed that foreign currency that someone tenders is not getting banked. Where foreign currency is involved, transactions are being recorded using parallel manual invoicing and also, the declaration is not happening for such invoices for tax purposes.

Violation of VAT and Finance Act’s Provisions

According to Ms. Mazani, it is a direct violation of the VAT and Finance Act when separate offline systems are kept for foreign currency-related transactions.

RBZ Governor, Dr. John Mangudya, who was part of the press conference, said that presently forex deposits have moved up to one billion dollars and foreign currency accounts hold around 405 million dollars. However, despite an increase in forex transactions, forex tax collection has not increased significantly. He added that they are working towards creating a mechanism that will help in enforcing compliance.

Dollar Recovers from 2-Year Low Amid Hopes of Stimulus Deal
Forex News

Dollar Recovers from 2-Year Low Amid Hopes of Stimulus Deal

By 31121 0

The US dollar showed some signs of recovery after falling for consecutive seven weeks as it reached 93.597 on August 11, 2020, from a 2-year low of 92.495 on August 7. Investors expect more recovery in its value and hoping a bi-partisan economic stimulus deal to take place in Washington.

Traders credit rebounding of the yields on 10-year U.S. Treasuries, which reached 0.581% after relentless lows for several months, for gains in the value of the dollar.

The value of foreign currencies against the US dollar also showed a little bit of change with Euro standing at 1.1741, lira at 7.320, and the Yen at 105.96. Driven by all this, the S&P 500 index reached a five-month high on August 10, 2020.

Excited with recovery in the Dollar, MUFG Bank’s chief currency analyst Minori Uchida said that it would diminish the possibility of any cut-off of extra unemployment benefits.

On August 8, 2020, executive orders were signed by U.S. President Donald Trump to extend unemployment benefits and defer payroll taxes.

However, JPMorgan’s head of Japan rates and FX research Takafumi Yamawaki is of the opinion that as investors expect an economic stimulus deal, the government’s measures so far to boost the economy would be insufficient.

Amid all this, on August 10, 2020, the Congressmen and Trump administration announced to restart talks over a COVID-19 aid deal. But Democrats and Republicans need to sort out their differences to make it happen.

Investors are also looking carefully at the growing tensions in the U.S.-China relations as in a politically motivated reaction; China banned few Republican lawmakers after the U.S. imposed sanctions on some Chinese and Hong Kong officials.

Furthermore, Steven Mnuchin, the U.S. Treasury Secretary, threatened to delist Chinese companies, among others, from the U.S. stock exchanges by the end of 2021 if they failed to comply with accounting standards.

UK Shaking as EY and PwC Faces Investigation for Finance Audits
Company News

EY and PwC Facing Bad Times Due to London Capital & Finance Audits

By 13699 0

The mega-companies like PwC and EY are facing bad times. The companies have to deal with troubles with their London Capital and Finance office. They are right now face-to-face with the Financial Reporting Council or FRC interrogation. The reputation of these two audit firms is at stake. The London mini-bond specialist-auditing firm crumbled last year due to its high-risk products. FRC has put on this order on the London audit firm of both EY and PwC. PwC audit firm’s auditing reports from 30 April 2016 to 30 April 2017 is under scanning.

The investigation is on the way

According to the FRC update and today finance news, these two firms will go through the investigation. The enforcement division will make sure to follow all the ethical procedures to find out the truth and facts. Pieces of evidence claim that the London Capital & Finance is a mini-bond investment firm. They unethically sold mini-bonds of high risks. According to the administration, the firm had eleven thousand and six hundred savers who lost around two hundred and thirty-seven million pounds in January 2019.

FCA’s curiosity

The collapse was the reason behind attracting too many eyes within a short period. The FCA or Financial Conduct Authority noticed such a crash and became curious enough to investigate. This was back in December 2018. The firm, at that time, decided to retreat all the materials and products related to the promotions of the mini-bonds. This happened, especially after people started commenting regarding the marketing being absolutely misleading, unclear, and very unfair.

Answer to Treasury Committee

There were many queries put forward by the Treasury select committee. According to the committee, there are doubtful points of FCA’s dealing with the collapse. They charged the FCA of regulating the promotional materials. Although the committee was not able to charge FCA of regulating the mini-bonds, the question remains.

EY in Trouble

EY, on the other hand, is facing charges on collaborating with Thomas Cook. Thomas Cook is a travel operator on an international basis, which collapsed in 2019. EY was also involved with NMC and the hospital crashed last year too. NMC had a hidden debt of 2.7 billion dollars. There has been a connection of EY with Wirecard, a German company with a massive scandal on the financial term.

As of now, both EY and PwC are under scrutinization and both of them are answerable to the FRC.

Playing Online Casino Games
Opinion & Analysis

How to Earn Money by Playing Online Casino Games?

By 27879 0

It is easy to earn money through online casinos provided you by the tricks. There are different kinds of casino games and you can earn money by knowing the skills required in all of them. The different kinds of skill-based games are poker, blackjack, and roulette. However, apart from skill, luck is also important in games like roulette. You never know which number is going to come out in a game of roulette. 

There are large chances that in online gambling games, the casino has a better opportunity. So, no one can win a lot of money by playing such games. You can’t predict the outcome of a roulette table or a slot machine. So, the casino is going to win a large number of times and you can’t have a lifetime of making money through these games. So, a roulette wheel can’t allow you to win all the time, but you can minimize the loss by avoiding the wrong wagers. 

How to win some real money in a game of roulette?

Choose an authentic casino: It is important to understand that wherever you play the game of roulette, it should be a fair organization. It’s because then you are assured that the game of roulette is not rigged. That’s why the site should have the mark of the United Kingdom Gambling Commission. This is how you can assure that playing online is completely safe.

Don’t bet all your money: You should not put your entire money in a wager in a roulette game. It is also tough to gauge other players when you are playing an online roulette game. The best way you can warm up your way in the game is to actually play in the free variants of the game in the brick and mortar games.

Take some free spins: You get to know about all the factors after playing this game in the free version. In a real game, you can also check how swiftly the wheel moves. You can also get to know about the wheel biases, where the ball gets itself again and again. 

You get to know how your dealer is like, the payout, and the table structure with free spins. You also get some idea of the roulette wheel which helps you in predicting your wins. You just have to register with a casino to get free spins. You can get free spins without depositing any money in a casino in Las Vegas. Sometimes you have to pay some casino bonuses to enjoy free spins. So there are many platforms available which offer Bitcoin casino no deposit bonus. 

Play European roulette: Moreover, one should decide to play European roulette, since the chances of winning are high. There is always the feature of house edge means the casino has a better chance of winning the game, but since American roulette has 38 numbers on the wheel, your chances of winning are low.

In roulette, it is better to place your bets on chances of getting odd/even numbers or red and black numbers. Although the payout is low in these kinds of bets, they are the best way to make money in online roulette.

Moreover, Professional roulette players don’t bet the amount they win, but only bet the initial bankroll they have come with to the casino games. They use the winning amount as a backup. 

You should play on a table that has the least minimum bet and the highest maximum bet. One of the ways to take advantage of a game of roulette is the Martingale Strategy. Every time, you lose with a wager, you place the same wager next time by doubling the money. This strategy assures that you are able to cover all your losses by doubling the bet. You can click here to stay updated and get more information about it.

Slot machines 

To be better at slot machines in online gambling, you need to choose a slot machine app that helps you practice more. To choose a slot machine, you need to calculate the return to player percentage. This percentage is about the betted money that a machine gives back to all its bettors, as per CasinoNewsZ.  You can find information about such a machine using search engines. There are websites about online casino games news that have content written about the slot games and their RTP percentages. 

A bitcoin casino offers swift payments because they are made in bitcoins. Hence enjoy yourself in games and earn more too.

Interest Rate Matter In Forex Trading
Trading News

Why Does Interest Rate Matter In Forex Trading?

By 23091 0

Interest rates drive the foreign exchange market. Global rates of interest rule the world of forex trading. The expert forex traders closely monitor the interest rates of every country to predict the right time to trade in the forex market. It is of utmost importance to keep an eye on the varied interest rates.

How does the interest rate affect forex trading?

The interest rates of the world

The monetary policy of the central bank is the driving force of the interest rates of the world. Whenever there is a change in the expected interest rate, the currency follows suit as well. The central banks wield a variety of tools of fiscal policy to influence the movement of interest rates.

The central bank generally performs two significant tasks. These tasks include the management of inflation and maintenance of the stability of the exchange rate of a country. The interest rate of a country is an estimation of the country’s economy. The central bank strives to increase the interest rate when the economy of a country grows and thereby induces inflation. On the other hand, the decline of interest rates during economic descent tends to stimulate the economy. Economies are always contracting or expanding. The central banks monitor the rates of inflation and permit the steady growth of the economy.

Economic cycle and interest rates

The consumers in the market begin to earn more when the economies rise, and the GDP witnesses a positive growth. The increase in earnings leads to an increase in the amount of expenditure, which eventually causes growth in inflation. The central bank strives to control the inflation growth and support the level of the target by increasing the interest rates.

When the economies recede, and the GDP witnesses a declination, the deflation in the market tends to be threatening for the forex traders. The central bank then steps in to decrease the currency interest rate for the stimulation of investments and spending. The low rate of interest attracts more and more investors. The forex market experiences a favorable growth in investment, which stimulates further economic growth and employment, leading to inflation. The forex trader needs to keep track of the impact of interest rate on the currency of a country. The higher the interest rate of the country, the greater is the probability of the growth of the currency.

Expectations of interest rate

The expectation of the occurrence of a variety of events constantly continues to change the dynamics of the market. A majority of the foreign exchange traders rarely consider the current interest rates. The forex traders usually try to forecast the overall direction of the interest rate, but it is more prudent to keep an eye on current events and updates for more efficient and profitable forex trading.

The forex trader needs to understand that the interest rate always shifts with changes in the fiscal policies of the central bank. If the interest rate keeps going down, then there will be a shift in the expectation, which will trigger a speculation shift as well. Besides, the gradual shift, there can be sudden shifts in interest rates as well, so it is better to stay alert all the time to make the most of forex trading.

Interest rate differentials

Forex traders often apply the widely popular trading technique of comparison of interest rates between two currencies. The comparison indicates whether the currency will weaken or strengthen while trading. The value of interest rate differential is the difference between the values of two interest rates. It also helps in calculating the probable shifts in currency interest rates. The foreign exchange market witnesses the biggest swings when the interest rates of two currencies move in opposite directions. And when the interest rate of one currency rises, while the other falls, the market experiences erratic fluctuations.

Nominal vs. Real Interest Rates

The nominal interest rate refers to the base rate or the interest rate of the currency before inflation. It is more profitable to focus on the real rate of interest instead of the nominal rate of interest during forex trading.

Keeping tabs on the interest rate is important for successful and efficient trading through forex trading brokers in the foreign exchange market.

Know About Crypto Exchanges
Trading News

Characteristics to Ensure a Crypto Exchange is Unique and Competitive

By 23063 0

Digital currency exchange (DCE), also called cryptocurrency exchange, is a web-based business that provides customers with services for trading any cryptocurrency for various assets like fiat money. The platform works solely online, and provides exchanges in electronic form and charges a fee for them.

Standalone traits that successful Cryptocurrency Exchange have

Today, there are around 1,600 cryptocurrencies in circulation, with a total market cap of nearly $289 billion. Given are five, among many, of the important features of successful cryptocurrency exchanges.

  • Decentralized trading

This no-central-authority feature is the most advanced way to trade the cryptocurrency. As traders, it is natural to seek zero interruption and expect complete control over funds while conducting e-commerce. Exchanges are verified through cryptography by network nodes and recorded in the blockchain. This way, third parties cannot play middleman when two primary parties trade between them.

  • Instant buying/ selling attributes

Not all come to trade on a cryptocurrency exchange. Some are there looking out for a quick option to either buy or sell a Bitcoin. Therefore, a cryptocurrency exchange should be flexible enough to accommodate the needs of both traders and nontraders. For one-time traders, the exchange should provide easy to access and instant order-placing features.

  • Facilitate multi cryptocurrencies and multi-currencies trading

People do not transact just with Bitcoins in crypto trading; they look out for options that allow them to trade any small-cap cryptocurrency of their likings, such as SelfKey, monero or ripple. Therefore, an exchange should take into account the different categories of traders and allow everyone to exchange with any type of cryptocurrency. Further, a global exchange would facilitate currency pairings with more than 50 fiat currencies, not just with the USD and EUR.

  • Margin trading

Margin trading is cryptocurrency trading where traders borrow money from a brokerage to buy an investment. It leverages a trader’s position to a trading eligibility level where marketeers can exchange more Bitcoins with the funds they have. A margin amount is loaned to the traders who, in turn, provide collateral, i.e., securities held in the investor’s account, for the deposited amount at a certain ratio level. When traders reach the eligibility mark, they can trade with the loaned amount. After the trade closes, the traders should return the loaned margin amount with interest.

  • Futures trading

Futures trading is the exchange of any asset, e.g., cryptocurrency or real assets, at a fixed price conducted at a specified future date/time. The trading process is carried out based on a futures contract that represents the tradable resources’ value. Futures trading protects sellers against price falls and buyers against future price increases.

Some of the other key features facilitating a successful cryptocurrency exchange include:

  • lending,
  • token listing/IEO(initial exchange offering)/Launchpad,
  • community interaction,
  • validness and security,
  • UI/UX functionalities
  • low fees, and
  • reliable customer service.

Conclusion

Crypto trading has become very easy and efficient with the help of platforms such as Bitcoin Code Review. It provides an automatic and manual trading facility. Click for more information. Regardless of a trader’s experience level in the cryptocurrency exchanges, these traits would make it possible for a successful and dominating cryptocurrency trade.

Bitcoin or Fiat Currency
Trading News

Cryptocurrency Vs. Fiat: Which One Should You Bet Your Money On?

By 24116 0

The debate between cryptocurrency and Fiat currency has just got interesting. Especially in the wake of the coronavirus epidemic, which has literally devastated our overall economic scenario, questions are now put up against the efficacy of the fiat currency to save our global financial system. The highly contagious disease has virtually put a full stop on businesses with most of the production and service activities cease to be operational.

Amid such doom and gloom, most nations are scrambling to hedge their economies against the devastating impact of coronavirus. Rescue packages are being announced as central banks come into action to support their dwindling economies. One such significant announcement has come from the Federal Reserve, which has announced that it is going to infuse infinite currency into the system. This, in turn, poses serious questions about the valuation of Fiat currency.

Law of Economics

It is a well-known law of Economics that an increase in the supply will have a negative impact on its demand and vice versa. More money you put into the system, less desirable it will become. The same law applies to the valuation of Fiat currency and the decision of the Fed to immediately supply $1.5 trillion is bound to have a negative impact on the dollar’s value. This decrease in the value of the dollar is expected to prove beneficial for other avenues of investment, such as cryptocurrency, gold, and other commodities.

Specifically, the value of digital coins is expected to rise as investors will switch to the safe heavens of investment where they can earn more profit on their investment. It is true that the coronavirus pandemic has also had some negative impact on the cryptocurrency market, but then one needs to appreciate the resilience of the digital coins, which bounced back from the initial shock immediately. The recovery was quick, especially when compared to the stocks in the equity market and now the crypto market is looking well-placed to consolidate its position as the growth curve of coronavirus infections seems to flatten out.

Another important indicator that points towards an increase in crypto valuation is the upcoming event of Bitcoin halving, which will sometimes happen in the month of May this year. Post the event, the rewards associated with the mining of Bitcoin will be halved from its current level of 12.5BTC to 6.25 BTC. As per the analyst of coinlib.io, this will constrain the supply of the digital coin in the market, thereby making it more valuable. The increasing adoption of Bitcoin and other digital currencies across the globe is also expected to give a fillip to their value. Governments and Central banks are now realizing that the adoption of cryptocurrency is only going to favor them with high efficiency, low operating cost structure, and global reach. In sum, the coming time seems to be more favorable for cryptocurrency, while the fiat currencies embrace uncertainties and turbulence amidst speculation of a global financial meltdown.

Bitcoin Circuit

Amidst this favorable scenario, if you are also thinking of taking a plunge into cryptocurrency trading by becoming part of the Bitcoin community, then there is no better place to start then the automated Bitcoin trading software, the Bitcoin Circuit. According to the Bitcoin circuit review, this automated trading software is very convenient to use and can help you to earn a handsome amount of money from your Bitcoin investment. Give it a try and feel how convenient and easy it is to trade with Bitcoin Circuit.

etrader review
Opinion & Analysis

eTrader Review

By 22578 0

Introduction

eTrader is the pioneer platform of online brokerage, which specializes in providing access to significant foreign currencies along with other financial instruments. With its headquarters in Cyprus, eTrader permits the retail traders and the holders of company funds to open accounts and conduct trading. Execute trading and investment on the most advanced and efficient platform. Avail of the most incredibly valuable educational material at eTrader to advance your knowledge of online trading. Invest and trade on the eTrader platform to explore the lucrative and richly profitable American, European, and Asian indices. Read an honest and detailed eTrader review and invest today.

 

Quick facts

A few fast facts before launching into the eTrader review:

  • eTrader allows trading in a wide variety of financial instruments that include Shares, precious metals, Forex, and CFDs
  • The trading involves standard lot sizes
  • The spreads begin from three pips on Euro Dollar
  • The minimum amount of the initial deposit is $250 as a wire transfer
  • The minimum amount for the initiation of trade is $100
  • Professional clients receive leverage up to about 1:100

Salient features of the eTrader platform

Account types

Besides the demo account, the trader can open either of the two types of accounts on eTrader. These two types include a company account and a personal account. If a user is seeking to trade in individual funds, then he should open a personal account.

On the other hand, if the individual wants to trade on behalf of his business, then he should open a company account on eTrader. Traders need to register on eTrader with certain documents like address proof, bank account information, and so on. For company accounts, users need to furnish valid business documents to conduct trade and investment on eTrader.

Platforms

The platform of eTrader is highly secure and advanced. The users can personalize the dashboard, integrate various plugins, and get access to comprehensive trading reports. The user-friendly interface of the platform appeals to every user. One can access eTrader easily from desktop browsers, smartphones, and other devices of iOS and Android. Download the mobile app from the app store to get access to live data, execute trading, and manage the account. The platform portability is one of the highlights of the eTrader review.

 

Trade sizes

For every Forex pair, the size of the standard lot is 100000 units of the fundamental currency. Therefore, the minimum level of the trade size is about 0.01 lots. eTrader provides comparatively limited leverage, which constrains the maximum position size. However, the broker does not mention the maximum trade size on the website. The maximum margin call is 100%, and that of Stop-out is 50%. The user needs to login to his account to check for margin calls. Constant monitoring of every activity is mandatory for successful trading. The eTrader platform sends alerts if the margin call reaches 100%. The trades enter the liquidation stage when the margin call is 100%.

Leverage

The user can receive up to about 1:30 in leverage. Some pairs of currencies offer a leverage of up to 1:20. Initial users of eTrader can set the leverage level, which should not exceed 1:30. The advanced traders who possess a profitability track record can receive up to about 1:100 in leverage. eTrader reserves the right to modify the leverage amount. It does so when the trader loses a huge amount of money through risky trading. One may consider the leverage value to be a drawback of the eTrader review, but the low leverage ensures safe trading.

Assets

Besides currencies, the user can also trade in stocks, indices, and commodities on eTrader. The trader can get access to more than sixty pairs of ForEx too. Some of the most exotic currencies on eTrader include Hungarian forint, Brazilian real, Czech krona, and more. eTrader permits the account holders to conduct trade in the CFDs of companies in the UK, the US, Germany, Japan, Hong Kong, and other countries. The user can trade in shares as well. The shares include equities in the EU and the US, and Hong Kong markets. Furthermore, eTrader provides access to significant market indices, and different types of commodities like agricultural products, energy, and metals.

Spreads

eTrader deals with the floating type of spreads, beginning from three pips. The lowest spreads include pairs of AUD.GBP, EUR.JPY, AUD.USD EUR.USD, USD.CAD, NZD.USD and GBP.USD. The exotics possess to the tune of hundreds of pips. Pairs like the Russian ruble possess spreads in the thousands.  

Deposit method and cost

The user can make deposits into the eTrader account via several modes. These modes include wire transfer, MasterCard and Visa, and DotPay. There is no separate fee for making deposits. The broker does not accept deposits in cash. However, the banks or financial institutions might charge a separate fee. There is no limit on the maximum amount of DotPay and wire transfer deposits on eTrader.

Withdrawal method and cost

On eTrader, the method of withdrawal of funds is only through wire transfer to the user’s bank account. There is no separate fee for the withdrawal, although the bank might charge an amount. The minimum amount of transfer is $250.

 

Bonus and promotion

If you work for eTrader and open a local eTrader office in your area, then you can be a part of the Tied Agent program. For this program, the user has to show that he has no registration with any other brokerage firm in the country.

Pros and cons

According to this eTrader review, the following points are the pros and cons of the eTrader platform.

Pros 

  • A very nominal amount of fee for trading in the broadest range of instruments
  • Easily accessible from any device of any operating system
  • Hassle-free online trading in foreign currencies
  • Free access to educational content upon registration
  • Lucrative bonus and promotion facilities
  • Highly profitable returns on investments

Cons

  • There are limitations on the leverage
  • The spreads are not sufficiently convenient
  • The mobile app is not as thorough as the browser-based application of eTrader

Conclusion

The eTrader review reveals that the platform is excellent for the beginner as well as advanced traders. The value of leverage may seem to be low, but it is an improbable deal-breaker, thereby less prone to trade risks. Novice traders can learn the art and strategies of trading from the wide variety of educational content available on eTrader. The company account on eTrader perfectly suits the financial goals and commercial objectives of big businesses. The platform is robust, efficient, highly secure, and completely regulated. Even though the spreads are a tad too high, eTrader is still a pioneer in its field.

Baku to Host Fintech Summit 2020 Exhibition Supported By CBA
Financial Planning

Baku to Host 2020 Fintech Summit: An Expo On Financial Technologies

By 22521 0

A Fintech Summit is to be hosted by Baku for two days, i.e., on 14th May 2020 and 15th May 2020. As per the reports referring to Azerbaijan Banks Association (ABA), the summit is dedicated to the technologies of Azerbaijan.

The concept behind this exhibition is to portray new trends in the sectors of security, banking, payment ecosystem, innovative solutions, monetary technology.

The event is organized in partnership with VISA and supported by the ABA, the Central Bank of Azerbaijan (CBA), Transport Ministry, and also by the Center of Economic Reforms and Communication.

The main purpose of organizing this summit is to conduct a platform to exchange ideas over financial technology, digitization, payment ecosystems. The summit provides opportunities to explore and discuss new products related to finance and banking, new payment systems, digital currencies, banks co-operating with fintech, and raising security issues with the rise of such technologies.

The summit is considered one of the most known finance and banking event where CEOs and management of government bodies, top management commercial banks gather to share the ideas on the development of the monetary sector and banking technology. It also holds other officials such as commercial managers, public organizations, financial institution representatives, well-known firms who provide finance and banking products and solution systems, and stakeholders.

Euro Prime All Set to Enrich the Experience of Its Traders
Trading News

Euro Prime All Set to Enrich the Experience of Its Traders

By 27528 0

Euro Prime is one such online brokerage firm that offers a unique trading platform to its traders. The firm is to provide a seamless trading experience to all its traders. With exceptional customer service and trading platforms, the Euro prime is one of the leading brokerage firms, which is highly popular among the traders. The availability of a wide range of tradable assets makes it one of the best trading platforms.

The firm is best for both novice and seasoned traders. The trading platform that the firm offers has all kinds of tools and charts to help the clients to predict the financial market. The trading platform is advance but still easy to use even for the beginners. The firm offers SIRIX web trader for trading to its clients. SIRIX web trader is one of the most praised trading platforms which don’t need any software to download. The SIRIX web trader is accessible through all devices like mobile, PC, tablets, etc. The firm has also launched its SIRIX mobile app which is highly suited to the traders who are on the go. With the help of the SIRIX mobile app, a trader can keep a record of his trades and balance anytime and anywhere.

Making deposits with Euro Prime is easy as it supports various deposition modes like bank transfers, credit cards, etc. The firm offers multiple accounts to its clients, and a client can pick any account he like considering the risk that he can bear and his experience with trading. One of the best things about the firm is that it allows all the account holders to take benefit from its educative material. The various accounts that the firm offer is Mini, Standard, Platinum, VIP, Islamic, and Gold. The informative resources are available in all formats including pdfs, videos and eBooks. The firm strictly follows KYC and AML norms and is registered with the International Financial Services Commission of Belize.

The firm offers extraordinary customer service which is available 24/7. Anyone can reach to their support team via live chat, email, and calls. The website also has a dedicated FAQ section where anyone can find the answer to different types of trading questions.

The Euro Prime trading platform offers multiple charts and analytical tools which help the traders to trade profitably. The online brokerage firm also provides daily, weekly, and monthly market analysis. Though the financial market is unstable, the availability of the firms like Euro Prime boosts the chance of profit from trading.