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    • Turkey stocks lower at close of trade; BIST 100 down 1.47%

      Turkey stocks were lower after the close on Friday, as losses in the Textile & Leather, Banking and Food & Beverages sectors led shares lower. At the close in Istanbul, the BIST 100 lost 1.47% to hit a new 6-months low. The best performers of the session on the BIST 100 were Ipek Dogal Enerji Kaynaklari Arastirma ve Uretim AS (IS:IPEKE), which rose 4.18% or 0.280 points to trade at 6.980 at the close. Meanwhile, Dogan Sirketler Grubu Holding AS (IS:DOHOL) added 3.19% or 0.030 points to end at 0.970 and Anadolu Cam Sanayi AS (IS:ANACM) was up 3.13% or 0.080 points to 2.640 in late trade. The worst performers of the session were Yatas Yatak ve Yorgan Sanayi Ticaret AS (IS:YATAS), which fell 6.06% or 1.520 points to trade at 23.560 at the close. Aygaz AS (IS:AYGAZ) declined 5.86% or 0.71 points to end at 11.40 and Anadolu Efes Biracilik ve Malt Sanayi AS (IS:AEFES) was down 5.71% or 1.44 points to 23.76. Falling stocks outnumbered advancing ones on the Istanbul Stock Exchange by 282 to 88 and 34 ended unchanged. Shares in Aygaz AS (IS:AYGAZ) fell to 52-week lows; falling 5.86% or 0.71 to 11.40. Gold Futures for June delivery was down 0.24% or 3.10 to $1297.00 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in July fell 0.63% or 0.42 to hit $66.62 a barrel, while the August Brent oil contract fell 1.22% or 0.95 to trade at $76.61 a barrel. USD/TRY was up 1.64% to 4.6000, while EUR/TRY rose 1.45% to 5.3741. The US Dollar Index Futures was up 0.12% at 94.06.

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    • Norway stocks higher at close of trade; Oslo OBX up 0.58%

      Norway stocks were higher after the close on Friday, as gains in the Media, Insurance and Capital Goods sectors led shares higher. At the close in Oslo, the Oslo OBX gained 0.58%. The best performers of the session on the Oslo OBX were Gjensidige Forsikring ASA (OL:GJFS), which rose 3.33% or 4.2 points to trade at 130.5 at the close. Meanwhile, Schibsted ASA A (OL:SBSTA) added 3.20% or 7.4 points to end at 238.4 and Petroleum Geo - Services ASA (OL:PGS) was up 2.57% or 1.01 points to 40.38 in late trade. The worst performers of the session were Grieg Seafood (OL:GSFO), which fell 4.63% or 4.25 points to trade at 87.45 at the close. Leroy Seafood Group ASA (OL:LSG) declined 2.95% or 1.6 points to end at 52.6 and SalMar ASA (OL:SALM) was down 1.90% or 6.80 points to 350.20. Rising stocks outnumbered declining ones on the Oslo Stock Exchange by 97 to 71 and 34 ended unchanged. Crude oil for July delivery was down 0.64% or 0.43 to $66.61 a barrel. Elsewhere in commodities trading, Brent oil for delivery in August fell 1.24% or 0.96 to hit $76.60 a barrel, while the June Gold Futures contract fell 0.24% or 3.10 to trade at $1297.00 a troy ounce. EUR/NOK was down 0.31% to 9.5349, while USD/NOK fell 0.18% to 8.1649. The US Dollar Index Futures was up 0.12% at 94.06.

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    • Asia stocks recover from earlier losses, Europe seen firm

      By Shinichi Saoshiro TOKYO (Reuters) - Asian equities recovered from early weakness on Friday as a lower yen supported Japanese stocks and firm exports boosted South Korean markets. Still, rekindled concerns about U.S. trade policies limited regional gains. Spreadbetters expect European stocks to follow Asia's firmer tone and have marked in a modest rise of 0.15 percent for Britain's FTSE (FTSE) and gains of 0.5 percent for Germany's DAX (GDAXI) and France's CAC (FCHI). MSCI's broadest index of Asia-Pacific shares outside Japan (MIAPJ0000PUS) rose 0.1 percent but the index was still down roughly 0.6 percent for the week, during which it hit a six-week low on concerns about Italy's struggle to form a government. A fall on Wall Street on Thursday after the United States said it would impose tariffs on aluminum and steel imports from Canada, Mexico and the European Union, set the initial tone in Asia. Fears of a global trade conflict, which had partially receded in past weeks, were reignited as Washington's allies retaliated against the U.S. measures. However, regional sentiment recovered somewhat with South Korea's KOSPI (KS11) rising 0.7 percent on upbeat export data and Japan's Nikkei (N225) advancing 0.2 percent off the back of yen weakness against the dollar. Still, equity markets are likely to be weighed down, said Soichiro Monji, senior economist at Daiwa SB Investments in Tokyo, "as the United States has opened up a new point of contention on the trade front by getting involved with the European Union." "President Trump has not accomplished very much in terms of trade issues and is likely to remain vocal with the U.S. midterm elections coming up," he said. The Shanghai Composite Index (SSEC) fell 0.5 percent and the blue-chip CSI300 index (CSI300) dropped 0.75 percent. Traders said Chinese stocks were volatile as the long-awaited inclusion of large-cap shares from the country in MSCI's emerging markets index had failed to buoy the market or attract any immediate flows of foreign money. (SS) On Friday, about 230 yuan-denominated mainland A-shares were included in MSCI index for the first time. Bank of America Merrill Lynch (NYSE:BAC) estimates China's A-shares could account for some 30 percent of MSCI's emerging market index once they are fully included. "It took Korea and Taiwan some six to nine years to gain full weighting. It may take (China's) A-shares longer in our view due to size, access and capital mobility constraints," wrote equity strategists at Bank of America Merrill Lynch. The Canadian dollar and the Mexican peso were on the defensive, weighed down by the U.S. decision to impose tariffs. The euro was little changed at $1.1679 (EUR=), holding onto modest gains made on relief overnight as Italy's anti-establishment parties reached a deal to resurrect their proposed coalition government. The deal averted the prospect of a snap election, which had rattled global markets earlier this week and sent the euro to a 10-month low of $1.1510 on Tuesday. The dollar climbed 0.3 percent to 109.150 yen , supported by U.S. yields reversing their overnight declines. The 10-year Treasury yield (US10YT=RR) was at 2.867 percent after brushing a 1-1/2-month low of 2.759 percent on Tuesday. Brent crude (LCOc1) dipped 0.1 percent to $77.49 a barrel. U.S. crude was down 0.25 percent at $66.87 a barrel . Prices have swerved between a three-week low of $$74.49 and $78.75 this week on speculation about output by major oil-producing nations. Brent's premium over U.S. crude reached its widest since March 2015 this week. [O/R]

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Currencies

Trade Forex at TradesFX.com

Forex is one of the cornerstones of the financial market.

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CFD trading is risky. CLICK HERE to read full risk warning.

The Concept

ECN which stands for Electronic Communication Network, is a network of Tier-1 Banks, Prime Brokers, and FCMs, connected together to form a deep pool of liquidity available for trading.

Until recently, ECN forex trading was exclusively available for large financial institutions, with huge trade volume and deposit requirements, and leverage up to 1:50. However, TradesFX has proudly created its own ECN Forex platform, which gives access to aggregated liquidity from 16 Tier-1 Banks AND TOP LPs connected directly to our trading platform via FIX Bridge, granting its retail and institutional clients direct access to the inter-bank market right from your MetaTrader4 client terminal, with the lowest deposit and trade size requirements, and the highest available leverage.

Pricing

As the diagram above illustrates, our MetaTrader4 Server sits behind a price aggregator, which is responsible for receiving market prices from our connected banks, selecting only the best Bid and the best Ask individually, and posting them to our MetaTrader4 Market Watch.

This mechanism ensures that you are receiving lowest forex spread available amongst our major providers at all times.
With TradesFX, the spread could be as low as 0.8Pips! Execution

On the other hand, our MetaTrader4 Server is connected via FIX Protocol Bridge to an ECN platform, which is responsible for matching your trade orders with the best available liquidity-price combination at the moment of receiving your order, and then sending it to the counterparty bank for execution. Keeping in mind that we only disclose the Price, Direction (Buy or Sell), and Instrument, your orders will be always treated anonymously and fairly.

This process is usually done in microseconds, due to the high-speed messaging of FIX Protocol (Financial Information Exchange), which was designed mainly for this purpose.

Benefits

With our ECN Forex Accounts, as well as with all of our accounts, attention to you and your needs is our priority. We provide you with a comprehensive system of resources and the professional team to guide you through all of your trades. We have the best tools and insights to help you be successful. You deserve and expect exceptional customer service and TradesFX, unlike other brokers, makes that our priority for every trader, every day.

a) No conflict of interest

Since all ECN trades are executed at the counterparty bank directly, we do not interfere in the execution process and we only benefit from a fixed fee per lot.

b) Trading Freedom

We believe that it is our duty to accommodate and support your needs, and that it is a nonnegotiable right for you to implement your desired trading technique. Having ECN Accounts in place, you will be able to implement:

Scalping( ethical trading)

  • Hedging
  • Automated Trading (EAs)(ethical EAs)
  • Gridding (As long as it does not overload our trade servers).
  • c) Tighter Spreads
  • In ECN trading, you can get spreads as low as 0.8 pip on all majors, and since these spreads are raw spreads directly from the interbank network they often float much lower than any other traditional broker with fixed or variable spreads.

    d) Accurate Execution:

    ECN forex trading guarantees that all market participants are equal with respect to: instant access to prices provided by leading FX banks on a strict price/time model without intervention from any dealing desk and without requotes due to very high liquidity.

    e) Liquidity Providers

    Investor Alert: Forex Trading & Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. There is a possibility that you may sustain a loss of some or all of your investment and therefore you should not invest money that you cannot afford to lose.