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Online trading is becoming popular each day, as more people are enticed by the prospect of earning more profits. But no matter if you’re a beginner or a veteran trader, it’s important to understand the current updated techniques and skills to compound your wealth.
This article talks about the online forex trading website IMMFX and shares the benefits of trading with IMMFX, but before moving to the topic, let’s recall what forex trading is all about.
What is forex trading?
Forex trading is the act of trading one currency for another, and traders, companies, and other institutions, must go through a currency exchange or forex broker to do this.
Benefits of forex trading:
1. Advantages in exchange rate changes
The exchange rate between currencies changes all the time, and traders take advantage of these changes to earn a profit. Let’s understand this better with an example:
Let’s assume that you plan to travel abroad and would need euros. So, you visit an exchange to convert your 500 dollars into euros. After a week, you come back to your native country without spending a single euro and exchange your euros back to the dollars but you are surprised to receive $505.
It’s because, during the week, the exchange rate changed which led to a profit of an extra five dollars, made by trading currencies.
2. High Liquidity
When compared to any other financial markets, the forex market has the largest number of traders. Forex trading platforms provide the highest level of liquidity, which means numerous orders of currency trades are easily filled efficiently without any large price deviations.
3. Trade the highs and the lows
It doesn’t matter if market prices are rising or falling, you can still trade and even multiply your profit, depending on the forex trading strategies you use. You can find opportunities in any market condition, be it when the price of a currency pair is going up or when the price is falling down.
4. Leverage
With the help of leverage, you can essentially ‘borrow money’ from your broker to trade values much larger than your actual deposited funds. This is a powerful tool and an attractive feature of forex trading.
5. 24-hour market
With three major trading sessions across different continents throughout the day, forex trading platforms essentially function across the globe, around the clock, from Sunday night to Friday night.
IMMFX – A leading online forex trading website
IMMFX is a forex and CFD trading platform with a wide selection of currency pairs at low transaction fees. It supports MT4 on the desktop, android, and iOS devices for both brokers and traders globally.
IMMFX is a global STP and CFD forex broker exchange platform, registered and licensed for online forex and commodities brokers by the Financial Service Authority (FSA). It’s also registered as an International Business Company (IBC).
IMMFX offers multiple trading accounts, trading software, and tools to trade commodities, precious metals, energy, indices for individuals and institutional clients.
IMMFX – Best STP and ECN forex provider
IMMFX offers STP forex brokerage services with zero conflict of interest. STP stands for a straight-through-processing system that processes transactions electronically. In IMMFX, our STP will simply pass this trade to our network of liquidity providers, which consists of 12 major banks connected directly to the MT4 platform via FIX Bridge.
Benefits of STP model
● Trade orders are filled more quickly.
● Trade execution is seamless.
● No conflict of interest.
● Get live market trends.
On the other hand, ECN stands for an ‘Electronic Communication Network’ that has permission to facilitate interaction between banks and individual traders. An ECN broker must play the role of an intermediary between your buying and selling orders, matching up with different market participants.
An ECN broker must play the role of an intermediary between your buying and selling orders, matching up with different market participants.
Benefits of ECN model
● No price re-quotes and minimal slippage.
● Fixed commissions for each transaction.
● Current and past price data is accessible for traders, to prevent price manipulation.
● Traders deal with the price based on exchange strategies, market position, or size of the order.
IMMFX – Best in KYC and anti-money laundering processes
IMMFX exchange has a secure account opening procedure for new traders. These procedures must be followed in conjunction with the screening of prospective clients against anti-money laundering policies. The new traders must fill in the required information and upload government-issued documents for us to get to know them better and evaluate their suitability. Upon signing up, all details are verified by our back office compliance team members, and applicants can always review the status of their application through indicator colors (eg. red = under process).
IMMFX – An award-winning broker platform
● Best ECN/STP Provider St Vincent & The Grenadines 2017
● Best Rates Platforms in 2015
● Best Execution Broker in 2016
● Best Sell-side Analysis Contributor in 2017
● Best Forex research in 2018
Benefits of Trading with IMMFX
● IMMFX traders are protected against spam activities and are able to execute trades with the utmost security and convenience.
● As a leading STP forex and CFD trading broker platform, IMMFX provides attractive contract specifications for each trading product.
● IMMFX offers a variety of trusted methods for securely depositing funds such as bank/wire transfers, FasaPay, i-Account, MoneyGram, OKpay, PayCo, Payza, Perfect Money, UnionPay, Western Union, UAE, among many others.
● IMMFX representatives offer multilingual support through phone calls, online chat, and email to respond to any problems or inquiries from traders.
● IMMFX provides an Affiliate Link program to traders, so they can potentially earn extra profits from introducing their contacts to our platform.
IMMFX – Types of products for Trading
● Forex trading
● Metals and Energies trading
● Stock indices
● Individuals Stocks
● Cryptocurrency
Why choose IMMFX?
IMMFX is the reputed trading exchange platform established by the IMM Group Ltd. We always care for our traders and never delay in responding to their queries. We analyze the trends in the CFD and crypto markets and provide special software and tools for trading. Here are some of the advanced features:
Premium Features in IMMFX
● Fast and easy account opening process
● Licensed and regulated broker
● Segregated client funds
● Negative balance protection
● No withdrawal restrictions
● Swap-free accounts and trading
● Solid data and fund protection
● Free demo account, step-by-step tutorials, and articles on trading
Start trading instantly and be a part of the IMMFX community – Sign up Now!