AMarkets is a broker that is regulated in an offshore jurisdiction and serves clients in more than a hundred countries across Asia, Africa, and Latin America. By utilizing cutting-edge tools and favorable market conditions, they provide cutting-edge trading solutions to their clients. Foreign exchange, equities, and virtual currencies are only some of the six asset groups represented by their various trading instruments. They also provide a trading app for both iOS and Android devices. Next, we have TeleTrade, a broker that has won multiple awards, is transparent and regulated, and has a wide variety of trading instruments. You can select from several different account kinds to meet the needs of your individual trading strategy and priorities.
Account Categories on AMarkets for Traders
Traders of all skill levels can find an appropriate account type on AMarkets. We’ll explore a few of them below:
-
The Basic Account
Both novice and seasoned traders will benefit from the regular account. It enables both Instant and Market execution and has a varying spread for foreign exchange and metals. The minimum opening deposit is $100, and the maximum leverage available to traders is 1:3000. The account supports both US Dollars and Euros. Customer negative balance protection is included as well.
-
Constant Sum
Clients who would rather pay the same amount for each trade can benefit from the fixed account’s fixed spread. It’s good for long-term investments. There are many parallels to be seen with the conventional narrative. The limited account has a fixed spread and fewer Forex trading instruments.
-
Cryptocurrency Wallet
Similar to the Standard account, the Crypto account is denominated in MBT. It has the tightest spreads starting at only 1.3 pips and the lowest leverage available. All trading instruments and protection against negative balances are available to users of the Crypto account.
-
ECN Account
The Prime broker processes orders directly through the ECN. Due to its fast order execution time, it is ideal for scalping. Spreads begin at zero pip increments with a minimum deposit of $200. All trading instruments are available, and it even protects you from going into a negative balance. The required stop-out level is 40 percent, while the margin for a hedged position is 50 percent.
-
Halal Bank Account
Those who wish to operate in accordance with Sharia law are welcome to request an Islamic account. There are no swap fees or other hidden costs with the Islamic account, which is a variant of the Fixed, Standard, and ECN accounts. For cryptocurrency wallets, it is not an option.
Tools for TeleTrade
According to article, TeleTrade provides traders with a number of helpful trading tools for conducting research and planning trades.
-
Profit Margin Analyzer
Use the margin calculator to see how much initial capital is needed to initiate a trade. This can be useful for controlling trades based on lot size and leverage. After choosing your preferred currency pair, trade size, leverage, and account currency, you can easily determine how much margin you’ll need by clicking the “calculate” option.
-
Swaps Estimator
A swap fee is applied to overnight trades. This is the interest rate spread between the two currencies exchanged, and it changes based on the long or short nature of your transactions. Every night, a swap fee is assessed, and on Wednesday, that fee is multiplied by three to account for the weekend. The swap calculator allows you to determine the swap charge by entering the base currency, the amount of the exchange, and the base currency of your account.
-
Pip Calculator
The value of your position in the currency you desire to trade can be determined with the help of the pip calculator. Possible deals can be better prepared for with this information. To find out how much each pip is worth, select the pair of currencies you wish to trade, the size of your trade, and the currency in which your account is denominated.
-
Revenue Estimator
The profit calculator can help you determine how much money you could make or lose on a certain investment. Altering the starting and ending costs will produce different outcomes. To show the potential gain or loss, you need just choose the currency pair, trade size, position direction, hold time, open/close prices, account currency, and click the calculate button.
