Instaforex review 2021

Instaforex PAMM enables traders to invest their funds into the system while other expert traders will trade on their behalf.

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InstaForex Review, instaforex review 2021.

Insta.Standard trading accounts

Instaforex review

ℹ️ important info

�� regulated by :	RAFMM
�� headquarters :	russian federation
�� min. Deposit :	1 USD
�� max. Leverage :	1:1000

Description about instaforex

Instaforex is a multiple award-winning forex and CFD trader. The brand was founded in 2007 and has become a global broker with about 260 offices around the globe. The broker’s website is available in 27 languages. Instaforex sponsors several contests, veteran athletes and many sports events. It boasts of over 7 million clients from all over the world.

Instaforex regulation and security

The regulation of instaforex is questionable. The broker states that it is licensed by the financial services commission (FSC) of the british virgin islands (BVI). It is also registered with the FSC in st. Vincent and the grenadines. Most traders are apprehensive when dealing with offshore regulated brokers.

Instaforex states that it has 9 trading servers. These servers are protected with modern security technologies. The website and platforms are protected with SSL. This is to deter internet fraudsters from hacking into the system.

Trading instruments on instaforex

Instaforex offers over 200 tradable assets for trading on its platforms. The broker offers 107 currency pairs, 90 shares, 26 commodities, 7 indices, and 5 cryptocurrencies.

Account types and trading conditions

To open an instaforex account, fill a registration form on the website and the account is opened within a few seconds. A variety of account types are offered and they are grouped into “insta. Standard” and “inst.Eurica” accounts. The maximum leverage is 1:1000 for all account types. Here are the account types:

Insta.Standard trading accounts

These accounts are charged from the spread with no commissions. The spread starts from 3 pips. Traders are allowed to adjust the trading leverage and choose a capital within his budget. The following sub-accounts are available:

Micro forex: the minimum deposit is $1

Mini forex: the minimum opening balance is $100

Standard forex: the least deposit is $1,000

Insta.Eurica trading accounts

Commissions are paid on trades. Spreads are usually zero or very tight. Only $1 is required to open an account while there is no maximum deposit.

The minimum opening balance is $1 and the limit is $1,000. Spread starts from 3-7 pips.

The minimum opening balance is $1 and the maximum deposit is $1,000. Commissions are paid.

Risk-free demo accounts are offered to all customers without any restrictions.

Deposit and withdrawal options

The following payment options are available:

Debit cards: maestro, mastercard, and visa card. Local cards accepted are dankort, cartasi, postepay. Deposits are instant while withdrawals take up to 3 days.

Bank wire: it is normally processed within 2-4 working days.

Local bank transfers are available in 11 countries. It is processed within the same day. No commissions are charged.

Online payments accepted are payco, skrill, neteller, wechat, alipay, epay.Bg, eps, giropay, ideal, poli, nordea SOLO, przelewy24, SOFORT, trustly. All deposits are processed within 24 hours while withdrawals take up to 48 hours.

Bitcoin and litecoin can also be used for payments. Deposits are processed within 3 hours and there are no charges. Withdrawals may take up to 2 days.

Web, desktop and mobile trading platforms

These trading platforms require no downloads or installations. One major advantage of these platforms is that they run on all operating systems. Instaforex has 2 web terminal platforms:

Instability: this platform is developed by instaforex for binary options trading.

Webifx: this is instaforex’s webtrader for trading forex and cfds.

This is a very popular platform known for its variety of features which include analytical tools, order management tools as well as auto trading support. It can be downloaded on windows PC.

This platform is supposed to be an upgrade to the existing MT4. But, many traders choose to remain with the MT4. The MT5 has all the features of the MT4 and even more. It is also downloadable on a windows computer.

This platform is for multiple account managers. It enables the management of multiple accounts from a single account.

MT4 and MT5 mobile apps:

The mobile applications of the MT4 and the MT5 are downloadable for ios and android devices. They are available on ios and android.

Instaforex mobile trader:

This is a mobile trading app developed by instaforex as android and ios apps. The app has a lot of features including live quotes, all order types, technical analysis tools, news, and analytics, etc.

Research and trading tools

Every weekday, instaforex provides forex analysis, market news, and analytical reviews. The broker’s team of analysts handles the reviews and analytics. Traders’ calculator, economic calendar and VPS are provided for all clients. The VPS is free only for clients that maintain a balance of $5,000.

Instaforex has a social trading service known as “forexcopy”. It enables traders to copy the signals and strategies of expert traders at a fee.

Instaforex PAMM enables traders to invest their funds into the system while other expert traders will trade on their behalf.

Www.Forum.Instantforex.Com is the broker’s forum where traders interact, exchange ideas and assist each other.

Customer support

Customer care service is available 24/7 in over 10 languages. You can request a call back by filling the feedback form on the website. You can also reach support by chatting via web instant chat, viber, skype, telegram and whatsapp. Email and phone calls are also available for support. The social media handles are twitter, facebook, and youtube.

Instaforex education

The instaforex training course is designed for beginners. It is made up of 16 lectures. The course can be downloaded by only instaforex account holders that have a minimum account balance of $100. There are free training articles and training videos on the website. These learning resources are best for beginner traders.

Bonuses, promotions, and contests

The following bonuses are available:

First deposit bonus of 100%.

55% bonus on every deposit.

30% bonus on every deposit.

Instaforex club bonus is 40% for each deposit.

Chancy deposit: deposit $3,000 to participate in the monthly raffle draw to win $4,000 or more.

Instaforex has 9 sports athletes as brand ambassadors including daria kasatkina, ilona korstin, viswanathan anand, etc. There are numerous trading contests on instaforex.

Hyundai sonata for nigeria: only for nigerian clients. $500 deposit is required.

Win lamborghini from instaforex: the draw will be held on 20 december 2019. Clients can compete to win this car by topping their accounts with $1,000.

Trade wise, win device: deposit $500 and you may win a smartphone in the fortnightly draws.

Instaforex sniper: this is a weekly contest where the winner wins $500.

Great race: A demo account contest with $6,000 real price money.

Real scalping: monthly demo account contest with a prize pool of $6,000.

Miss insta asia online beauty contest: the winner gets a prize of $20,000.

Conclusion

Instaforex is a global broker with a clear focus on customer satisfaction and appreciation. The broker has localized its services in various countries and speaks several languages. The platforms provided are standard. Its numerous bonuses, contests, and promotions keep traders busy by competing for the prize rewards even on demo accounts. Many clients have already won exotic cars, cash rewards, and gadgets through instaforex.

Compared to other brokers, instaforex’s regulation is substandard, the training resources are inadequate and the spreads are high. Yet, the broker is trusted by over 7million traders and has over 40 excellence awards.

Instaforex review 2021

Instaforex is an ECN broker, which has been providing access to the trading operations on the international monetary market since 2007. The company has more than 2,000,000 customers.

Intro

Start year: 2007

Country of origin: russia

Regulation: CRFIN

Payment options: QIWI, skrill, visa, mastercard, china union pay, boleto, payco, NETELLER, megatransfer, bank transfers, cash (instaforex dealer)

Minimum account size: $1

Minimum lot size: 0.01

Leverage: 1:1000

Spreads: 3 pips on EUR/USD

Regulation

Instant trading ltd (BVI) is licensed by BVI FSC, license number SIBA/L/14/1082

Instavector ltd (russia) is licensed by central bank, license number 039-11737-100000

Insta service ltd is registered with FSC saint vincent, reg. Number IBC22945

Insta global ltd. Registered in saint vincent, IBC24321

Services are provided under instaforex brand which is a registered trademark

Instaforex is an ECN broker, which has been providing access to the trading operations on the international monetary market since 2007. The company has more than 2,000,000 customers. Instaforex offers one of the best trading conditions and contract specifications. Moreover, the company provides the customers with a wide range of bonuses and services such as the PAMM system and forexcopy enabling the clients with different knowledge level to earn money on forex.

Instaforex bonuses

Instaforex offers its clients a wide range of bonuses. They differ in size, conditions for receiving, and the use in trading. Remarkably, profits made with the use of bonuses can be withdrawn. The information on this page can help you to choose the bonus suitable for your trading strategy and deposit.

Instaforex gives you a unique opportunity to get the 100% bonus on first deposit. You just need to open and top up a live trading account and fill in the application form. Bonus funds are not available for withdrawal and are credited to deposit up to $2000 but you can withdraw all the profit from these funds without any restrictions.

Instaforex offers its customers a matchless opportunity to receive the 30% welcome bonus to their trading account. In order to obtain the welcome bonus, you need to register a live trading account and fill in the online application form. All the above-mentioned procedures are simple and do not take much time.

Instaforex give $5000 no deposit forex trading bonus start forex trading and CFD without deposit and without risks. The new $5000 no deposit forex trading bonus from instaforex is an exciting opportunity to start forex trade.

Trading accounts

Each type of account offered by instaforex represents a universal trading tool that helps to work on international financial markets. Regardless of the chosen account type, you will have access to every trading symbol available, when working with instaforex.

Insta.Standard trading accounts

These types of accounts are relevant for standard trading terms on forex market and function without fees. Once a trader gets access to all trading instruments he/she pays a fixed spread setting a trade.

Insta.Standard accounts work for all types of traders and allow a trade to be settled with classical spread and with no fees. The main advantage of this type of account is its universality, as often a trader can change the trading leverage and work with a deposit size convenient for him/her. The features of the account allow trading with micro forex (minimum deposit $1-10), mini forex (minimum deposit $100), and standard forex (minimum deposit $1000).

Insta.Eurica trading accounts

The account of this type does not require any spread to be paid at opening a trade. For most currency instruments of insta.Eurica account type zero spreads are applied, due to this the BID price is always equal to the ASK price. It should be noted that the offered price runs higher than the BID price (on the basis of which a chart in the trading terminal is plotted) by half of the standard spread for a given trading instrument which is rounded up to its integral value due to some technical peculiarities of the metatrader 4 platform.

This account type is recommended for newbies because it is not necessary to take into consideration the spread in case of pending orders usage: a pending order is executed right when the price reaches its value if the spread equals to 0. Before GTC orders’ placing and market entrance there is no necessity to calculate spread influence on the position result, this makes technical analysis highly effective.

Aside from the fact that insta.Eurica accounts allow the newbies to get the hang of the market using a simpler system of trades conducting, this account type can be also used by professional traders, because its trade characteristics are the same as of insta.Standard account type.

Cent.Standard and cent.Eurica trading accounts

Cent.Standard and cent.Eurica account types are developed for beginning traders and oriented to those clients who just learn to trade, and for this purpose they need access to the minimal possible trade volume. Micro forex is available with the lot volume of 0.0001 of the market lot (the lot price is 0.1 U.S. Cents) and allows practicing almost without any risks for deposit. This type of account will suit well those who want to test trading strategies with minimal risks using the trade advantage of 0.0001 lot.

In addition to the smallest allowed trade volume – 0.0001 of the market lot – the owners of cent.Standard and cent.Eurica accounts have the same trading terms as insta.Standard and insta.Eurica. The only constraint here is the maximally allowed deposit size for cent group accounts of cent.Standard and cent.Eurica related to their directivity to the beginning traders. For more experienced traders it is recommended to open accounts of insta.Standard and insta.Eurica types which do not have any size constraints for maximal deposit and deal size.

Details	insta.Standard	insta.Eurica	cent.Standard	cent.Eurica
deposit currency	EUR, USD	EUR, USD	USD cents, EUR cents	USD cents, EUR cents
minimum deposit	1 USD	1 USD	1 USD	1 USD
maximum deposit	no limit	no limit	1000 USD	1000 USD
spreads	3-7	0	3-7	0
fee	0	0.03%-0.07%	0	0.03%-0.07%
minimal trade	0.01 of the lot	0.01 of the lot	0.10 of the lot (equivalent of 0.0001 market lot)	0.10 of the lot (equivalent of 0.0001 market lot)
maximal trade	10000 lots	10000 lots	10000 lots	10000 lots
leverage	1:1-1:1000	1:1-1:1000	1:1-1:1000	1:1-1:1000
margin for locks	25%	25%	25%	25%
margin call	30%	30%	30%	30%
stop out	10%	10%	10%	10%
interest rate	5%	5%	5%	5%
order execution	instant execution	instant execution	instant execution	instant execution

Minimal trade size

The size limitation of the minimal trade equals to 1 lot ($1 per pip) for accounts of standard and eurica types with balance over $100,000 or its equivalent in other currencies.

Trading platform

Every instaforex client is free to choose a trading platform which suits best his/her needs to trade in global financial markets. Today the company offers several types of popular trading terminals. Each of these trading platforms aims to fulfil individual requirements. Below you will find out which platform suits best particular trading objectives.

Features of metatrader 4

9 time frames

Variety of tools for technical analysis

Online financial market news

Automated trading

Locked positions

Wide choice of free indicators and advisors

Creating your own indicators and advisors (MQL4)

High security 128 bit encoding

One click trading

Trailing stop

12.01.2021 09:41 forex analyse & reviews: technical analysis of BTC/USD for january 12, 2021

The 2017 altsseason was just an addition to the bitcoin bull race. As the BTC price rose to the new ATH, investors' exposure to altcoins also increased. This meant there wasn't much independence in the altcoin price rallies. Besides, after the short-term BTC peaks, there were increases in altcoins as investments flowed in and out faster and faster, including in altcoins. This seems to have changed for good in 2021.

Ethereum was the leader of the current altcoin gains mainly thanks to the introduction of ETH 2.0 and the price increase to $ 1,300. Most of the top ten altcoins, based on data from coinmarketcap, recorded double-digit gains. Cryptocurrencies such as stellar lumens and cardano posted double-digit gains, largely independent of bitcoin's rising prices.

In the last two quarters of 2020, the correlation of altcoins with bitcoin decreased, but most of the time the price increase continued. So it may seem that the current alt season is different from all we have seen so far.

In this season, we observed large price movements in the context of defi projects, with a high investment flow of 30.17 thousand. BTC. Bitcoin's dominance has risen to 68% and it is likely that it could rise to 70% or more in the future. The growing BTC dominance poses a threat to the flow of altcoin investments, and before that happens, the alt season could suddenly stop. The correlation of the best altcoins with bitcoin has decreased since the BTC price rose.

Technical market outlook:

The BTC/USD pair has made a new local low at the level of $30,567 after a 27% drop during the last couple of days. Nevertheless, the bulls have managed to retrace 50% of this wave down and currently the market is trading around the level of $36,241. The next target for bulls is seen at the level of 61% located at $37,577. Please notice, that any break below the long term trend line support located around the level of $29,000 will be the first confirmation the up trend is terminated.

Bitcoin made another ATH and bulls are in control of the market. The up trend continues and the next long term target for bitcoin is seen at the level of $50,000, so any correction or local pull-back should be used to open the buy orders. This scenario is valid as long as the level of $20,000 is clearly broken.

Instaforex review

Instant trading EU ltd

Also instaforex.Eu

Instaforex is a forex broker. Insta forex offers the MT4 and MT5 trading currency platforms. Instaforex.Com offers over 105 currency pairs, bitcoin, cryptocurrencies, shares, oil, gold, silver and cfds for your personal investment and trading options.

2018-08-02: cysec had fined instant trading EU (one of the companies behind instaforex and forexmart) €130,000. The fine was for non-compliance with article 36(1) of the law, as it did not act fairly, honestly and professionally in accordance with the best interests of its clients and also for non-compliance with article 36(1)(d) of the law and paragraphs 15 and 16 of the directive, as it failed to ask clients to provide the necessary information regarding their knowledge and experience, to assess whether the investment service or product is appropriate is appropriate for them.

CLICK HERE to confirm.

Scam alert!

The FPA has confirmed a scam case against instaforex.

Click here to read what happened.

Scam alert!

Instaforex is hereby blacklisted by the forex peace army. We urge traders not to open accounts with insta forex. If you already have an account open with them, we urge you to withdraw all of your funds immediately. If instaforex refuses to process your withdrawal, we recommend contacting your bank and local police to see if you can file charges for internet-based financial fraud.

2011-01-26: the CFTC filed a lawsuit against 14 offshore forex brokers, including instaforex. CLICK HERE to verify.

Need more info?
Read and ask HERE .

Broker details

deposit methods:

bank wire, VISA, mastercard, alipay, american express, bitcoin, diners club, JCB, litecoin, local bank deposits, local bank transfers, payco, unionpay, wechatpay

withdrawal methods:

bank wire, VISA, mastercard, alipay, american express, bitcoin, diners club, JCB, litecoin, local bank deposits, local bank transfers, payco, unionpay, wechatpay

Live discussion

Join live discussion of instaforex.Com (.Org) on our forum

Video

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Let other traders know if this service is worth checking or should be avoided.

Traders reviews

Length of use: 0-3 months

Length of use: 3-6 months

I deposited my money with this shit broker. My trades where always at a loss, and if it manages to show blue is just for some seconds and the market will suddenly become very slow. But when its showing red, the market begins to move very fast. I wondered what problem really was until I started placing trades simultaneously on another broker. That was when I discovered instaforex was manipulating their platform.

I later tried to withdraw my funds to no avail. Everything about them is a scam

Length of use: 6-12 months

Length of use: 0-3 months

Length of use: 3-6 months

Instaforex took my profit 8.5k. They claimed that the profit 8.5k was made from 900usd usd bonus given during my initial deposit 3k usd.
They took my profit clause 11. Fyi, my fund manager did not inform about clause 11 impact if i took 30% bonus.

Instaforex is an unethical company.

Length of use: 0-3 months

My son committed suicide because of instaforex.

They were confiscated illegally for his son's profit of $ 7000.

My son was recording all $ 7000 transactions.

I requested payment by september 26th.

If instaforex does not pay, i will sue instaforex yes.

If you are not paid, write your email address here.

People who were in the same damage!

Length of use: over 1 year

Frequently asked questions

Is instaforex a good and legitimate company?

Instaforex has been fined by cysec for several reasons, including that "it did not act fairly, honestly and professionally in accordance with the best interests of its clients."

Instaforex has been sued by the US CFTC. Instaforex has been the subject of warnings by at least 4 other government regulators around the world.

The FPA does not consider instaforex.Com, instaforex.Eu or any related site to be a good or legitimate company.

Can I withdraw an instaforex bonus?

Getting bonus money or else profits from a bonus at instaforex is not always easy. Even if a trader follows all the rules, instaforex can accuse a trader of cheating, cancel the bonus, and confiscate all profits. Instaforex can do this without presenting any evidence.

In 2008, two FPA members were accused of cheating while using an instaforex bonus. Instaforex not only removed the bonus, but also confiscated the profits that both traders had made. Instaforex's representative to the FPA promised to provide evidence to back up this cheating accusation. She never provided a single piece of evidence. Instead, she just kept emailing her claim that they cheated and said that her repeated unsupported claims of cheating qualified as proof of cheating. The FPA does not consider repeating an accusation dozens of times to be evidence that the accusation is true. The clients were never paid for the profits instaforex took from their accounts.

Even without a bonus being involved, it is possible for instaforex to confiscate profits based on an unsupported accusation of cheating.

The FPA is not surprised that cyprus fined instaforex for being unprofessional, unfair, and dishonest in dealing with its clients. The FPA is only surprised that it took so long before this was done.

Is instaforex regulated?

Even in march of 2020, instaforex.Com's website still claimed that the instavector branch of the company is registered with the russian federal financial markets service. The FFMS was disbanded in 2013 .

Instaforex was regulated in belize. It is not regulated there any more. Some people claim that the belize IFSC threw instaforex out. Instaforex claims they voluntarily gave up being regulate there.

Instaforex is regulated by cysec in cyprus. Instaforex has also been fined by cysec for being dishonest and not acting in the best interests of its clients.

Outside of europe, instaforex is regulated by the BVI FSC, which is not known for being a very strict regulator.

Instaforex is also registered with the SVG FSC, which specifically does NOT regulate forex, binary, or crypto trading.

Instaforex UK review 2021

	instaforex provide forex, cfds, stock and cryptocurrency trading. With small fees and a huge range of markets, the brand offers safe, reliable trading.
Instaforex provide forex, cfds, stock and cryptocurrency trading. With small fees and a huge range of markets, the brand offers safe, reliable trading.

Instaforex is a multiple award-winning broker that provides access to currency pairs, cfds on commodities, indices, stocks, cryptocurrencies, metals. Instaforex allows traders to use the metatrader4 trading platform, but unfortunately not metatrader5 at this point.

Instaforex also gives traders access to 5 cryptocurrencies: BCH, BTC, ETH, LTC and XRP.

Instaforex summary

Instaforex provide forex, cfds, stock and cryptocurrency trading. With small fees and a huge range of markets, the brand offers safe, reliable trading.

Ratings

CFD trading

FTSE spread	0 (€5 fee)
GBPUSD spread	av. Floating 0.8
oil spread	€40 per lot
stocks spread	0.1% var (average)

Forex trading

Offering a range of accounts, including ECN, instaforex can reduce average spreads to just 0.8 pips. The range of pairs offered is also among the largest of any broker.

GBPUSD spread	av. Floating 0.8
EURUSD spread	av. Floating 0.8
EURGBP spread	av. Floating 0.8
assets	200+

Cryptocurrency trading

Instaforex offer crypto trading on 5 leadings currencies with very low fees, plus cryptocurrency cfds. Leverage is 1:2 for eu traders.

Spread	BTC 1%, ETH 1%
coins	BCH, BTC, ETH, LTC, XRP

Payment methods

Instaforex accepts the following payment methods:

Skrill

Sofort

Yandex money

Mastercard

Perfect money

BPAY

Awards

Instaforex is an award-winning broker, with 2 awards received so far.

The best forex cryptocurrency trading platform 2018 by UK forex awards

Most active broker in asia 2020 by atoz markets forex awards

Instaforex vs other brokers

If you want to compare instaforex with other brokers, use the detailed comparisons below.

Instaforex review – is it a scam or legit broker (2021)

In this instaforex review, we are going to take a look at the offer that this broker prepared for its traders. Instaforex is regulated by the cysec in cyprus. Instaforex operates on the financial market since 1995. When it comes to trading platforms, the broker features webtrader. The instaforex minimum deposit is 1 USD.

Between 74-89% of retail investor accounts lose money when trading cfds. You should consider whether you can afford to take the high risk of losing your money.

Basic information from this instaforex review

website address:	instaforex.Com (.Eu)
operated by:	instaforex group
licensed and authorised by regulatory bodies:	cysec BVI FSC
supported languages:	english, german, spanish, french, italian and portuguese
customer support available via:	E-mail, phone, live-chat
contact details:	[email protected] +443300109336
available deposit methods:	bank transfer, VISA, mastercard, alipay, american express, bitcoin, diners club, JCB, litecoin, local bank deposits, local bank transfers, payco, unionpay, wechatpay
available withdrawal methods:	bank transfer, VISA, mastercard, alipay, american express, bitcoin, diners club, JCB, litecoin, local bank deposits, local bank transfers, payco, unionpay, wechatpay
minimum deposit:	1 USD
min. Trade in lots:	0.01
spreads:	typical spread on the currency pair EUR/USD - 2,0 pips * on standard account type
tradable assets:

The maximum available leverage can be limited by local financial regulators or by international regulations, in such case, the displayed maximum leverage may not match the leverage you can actually trade with.

For instance, in the european union, the financial regulator ESMA restricts the maximum available leverage to 1:30 when trading major currency pairs, 1:20 when trading minor pairs and commodities and 1:2 when trading cryptocurrencies. Similar restrictions apply in australia and possibly in other jurisdictions.

Instaforex fees (typical spreads)

We have scanned fees (typical spreads) that instaforex charges when trading popular currency pairs, here is their breakdown in pips.

*typical spreads were recorded on 17.01.2020 at 21:21 for the standard account. Instaforex spreads in the table above serve as illustrative examples only as they for instance, may change according to the market conditions.

Random reviews of competing FX & CFD brokers: ixsecurities, LCG, idealing and poloniex

Frequently asked questions

�� is instaforex a scam?

Instaforex is a broker licensed and regulated by the cysec and BVI FSC. While regulation gives to brokers much needed credibility, it still does not mean every regulated broker is honest. In order to be sure that instaforex is not a scam, read our trader reviews and check other popular trading related websites and forums.

�� what is the instaforex minimum deposit?

In order to start trading with instaforex, you have to deposit at least 1 USD.

�� what deposit and withdrawal methods instaforex supports?

We don’t have our own personal experience with instaforex. However, because the broker is regulated by the cysec and BVI FSC, there is a high chance that it is not a scam. With that being said, it still does not mean that instaforex is the best option, as there are also hundreds of other regulated brokers with similar or even better trading conditions.

Should you be looking for a highly reliable broker featuring forex trading and cfds, you can get your hands on our marketing broker IQ option – 85% of retail CFD accounts lose money , which is a cysec regulated company that allows trading from as little as $10 and charges highly competitive fees on all assets.

Cfds are complex instruments and come with a high risk of losing money rapidly due to leverage.

Between 74-89% of retail investor accounts lose money when trading cfds. You should consider whether you can afford to take the high risk of losing your money.

¹ variable spreads, spreads recorded for the EUR/USD on 05.10.2020 at 11:42 GMT.

Tradingbeasts helps individual traders learn how to responsibly trade binary options and cfds. We actively trade, publish educational articles and news. We verify and compare brokerage companies and warn our readers about suspicious projects or scam marketing campaigns. We are also a community of traders that support each other on our daily trading journey.

Disclaimer/disclosure

All information on this website represent subjective views of the authors and they are solely informational. We do not give investment advice. The operator of the website or the authors of the articles do not bear any responsibility for any decisions that visitors may make after reading articles published on the tradingbeasts website. When you trade binary options or cfds products you are exposed to a high risk of loss. We review and rate companies offering trading platforms for binary options and cfds. We do our best to warn people about scams and promote only companies we personally consider to be very good. From some of these companies, we may receive compensation. In order for you to use this website in any manner, please read our disclaimer/disclosure page and privacy policy

11.01.2021 10:20 forex analyse & reviews: hot forecast for EUR/USD on january 11, 2021

The dollar is steadily strengthening despite a new round of political madhouse in the united states. This is largely due to the fact that the flow of political news from america is increasingly reminiscent of waving fists after a fight, which looks amusing, but has no practical meaning. Rather, all this causes bewilderment and ridicule, especially if we talk about another attempt by the democrats to crank up the scheme with the impeachment of donald trump. Such actions are completely devoid of any sense, since the inauguration of joseph biden is set to take place on january 20. Democratic leaders justify their intentions by the need to thwart donald trump's future attempts to run for US president. Not only is it not funny, but it is also terrifying, as it carries long-term consequences. Moreover, they are extremely negative. After all, the political system of america has always been distinguished by the fact that defeated political opponents calmly retired, and now the democrats want to arrange a real reprisal, in the spirit of some third world country. This can lead to an even greater radicalization of the political struggle, when the one who is in power, fearing persecution from his political opponents, will hold on to his place in every conceivable and inconceivable way. But while no one thinks about it yet, investors are more likely to look at the fact that the dollar is still strongly oversold and it is urgent to correct this imbalance.

However, the euro has made attempts to grow, which perfectly coincides with the release of macroeconomic reports. The first attempt was made when the eurozone unemployment report was released. The unemployment rate was projected to rise from 8.4% to 8.5%, but to everyone's surprise, it fell to 8.3%. So unemployment in europe has been falling for the fourth consecutive month, which is good news.

Unemployment rate (europe):

Another attempt was made when the US department of labor released its report. First of all, everyone was impressed by the fact that for the first time since april last year, the number of new jobs created outside of agriculture had dropped. Moreover, by 140,000. The number of jobs were projected to rise by 112,000. In general, the picture is not pleasant. Nevertheless, literally half an hour later, the dollar began to strengthen again and completely won back all the previous losses of the day. This is partly due to the fact that the euro is obviously overbought. Other indicators of the state of the US labor market also contributed. For example, the unemployment rate did not rise from 6.7% to 6.8%, but remained unchanged. In addition, the growth rate of average hourly wages, instead of slowing down from 4.4% to 4.3%, accelerated to 5.1%. So the decrease in the number of jobs was not so significant as to affect the situation as a whole. And salaries are growing, which portends a further increase in consumer activity. In other words, the content of the report is not so bad. Rather, it is moderately neutral.

Number of new jobs created outside agriculture (united states):

The EURUSD pair is in the stage of correction from the local high of the medium-term upward trend, where market participants managed to strengthen their dollar positions by about 180 points. The oversoldness of the US dollar is still felt in the market, which may have a positive effect on the volume of short positions.

The market dynamics is high, which confirms the speculative mood in the market.

If we proceed from the quote's current position, we can see that downward interest prevails as soon as trading starts, which leads to a succeeding downward movement.

Considering the trading chart in general terms, the daily period, it is worth highlighting that, taking the corrective course into account, the EUR/USD quote is still at the peak of the medium-term upward trend.

We can assume that sellers still have a chance for a subsequent decline towards 1.2130, where the turning point is located, which may affect the volume of short positions. The most impressive downward trend will occur after the price settles below 1.2130, which can lead the way to 1.2060-1.2000.

From the point of view of a comprehensive indicator analysis, we see that with the submission of a corrective move, we have a sell signal on the hourly and daily periods.

11.01.2021 10:20 forex analyse & reviews: hot forecast for EUR/USD on january 11, 2021

Unemployment rate (europe):

Number of new jobs created outside agriculture (united states):

The market dynamics is high, which confirms the speculative mood in the market.

If we proceed from the quote's current position, we can see that downward interest prevails as soon as trading starts, which leads to a succeeding downward movement.

From the point of view of a comprehensive indicator analysis, we see that with the submission of a corrective move, we have a sell signal on the hourly and daily periods.

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