According to syndicate research, Forex Interest Calculator is a one-of-a-kind service, through which you can easily calculate the approximate amount of your extra income. Working with a broker through an intermediary such as Traders Union will allow you to get a daily and monthly return of part of the spread or commission, even with unprofitable trades. This is a special service designed for the convenience of the Union customer that will help you to assess the amount of this additional income.
Spread compensation calculation conditions
- Traders Union compensation is paid for every closed (concluded) trade, including those that are not profitable.
- The accumulation is added to the Traders Union client’s personal account balance. Daily payments are made the day after the report and monthly payments the following month.
- Compensation is calculated for both merchants and managers of PAMM accounts (some exceptions are possible).
The amount and procedure for calculating Traders Union compensation may vary depending on the individual conditions of the broker. Find more information about possible earnings in Forex with Traders Union by following this link, choose a broker, open an account and receive the profit after your first trade. If you have any further questions at any time, please contact Traders Union Customer Service.
OspreyFX Review 2022
According to the Traders Syndicate, OspreyFX Review offers its global clients two of the world’s most popular platforms for trading Forex, Cryptos, Stocks, Commodities and CFDs. Although unregulated, the broker is a licensed firm in St. Vincent and the Grenadines and offers competitive leverage rates and a range of payment options. This review takes a look at the pros and cons of signing up for OspreyFX, including account types, financial assets, scam safety and more.
OspreyFX, despite its name, does not limit its clients to speculating in the forex markets. The full range of financial assets offered by the broker are:
- Forex – 53 major, minor and exotic currency pairs
- Cryptos – 14 of the largest cryptocurrency tokens against the US dollar
- clues – 8 global stock indices, including the Dow Jones US30 and the FTSE 100
- Shares – shares in 10 European companies and 27 American companies
- Goods – 7 CFDs, including energies and metals
One of the benefits of not being under the jurisdiction of a regulator is that OspreyFX can offer leverage rates of up to 1:500 across its asset range. Although it may be appealing to many, thanks to its possibility of greater market exposure and opportunities for profit, margin trading should be done with caution. Leverage can also magnify your losses, even losing more money than you have in your account capital.
OspreyFX clients are not tied to their desktop if they wish to access their accounts or execute trade orders. MT4 and MT5 mobile apps can be downloaded for free from the App Store or Google Play Store, facilitating on-the-go trading and position monitoring. However, mobile trading has its limitations, with fewer advanced features and analytical capabilities than those supported on desktop or web-based platforms.
OspreyFX accounts can be funded and cleared using multiple payment methods, with varying fees and processing times. The options are:
- bank transfer
- Credit/debit card
Bank transfers incur an additional $25 fee, with an increased minimum deposit requirement of $100. All other payment methods have a minimum deposit of $10. Bitcoin payments can be tracked on blockchain.info for added security.
Withdrawals by bank transfer and Bitcoin are free, excluding third-party bank fees. The withdrawal time for any payment method is at least 24 hours. Deposits and withdrawals must be made from accounts under the same name with which the trading account is registered. Account transactions are made easily from the OspreyFX portal.
OspreyFX trading accounts can be opened with the base currencies USD, EUR, GBP, CAD, AUD and BTC. Such a range can minimize costs and risks, with fewer currency conversion costs. PayPal payments are currently not accepted.
OspreyFX offers a well-equipped demo account for those who want to try before they buy. The account is credited with as many virtual funds as desired and supports all forms of trading possible on the main account, with the same maximum leverage rate of 1:500.
Practice accounts are a great way to get a feel for a broker, platform, or asset line before committing actual capital. They can also be used to test new strategies and ideas without risk. That being said, spreads, liquidity and slippage may not always match those seen on real accounts, given their unpredictability.
OspreyFX holds trading competitions regularly, with a variety of rules and objectives, often with monetary prizes. For example, the first quarter of 2021 saw a gold and silver trade contest for the chance to win a PS5, a $2,000 New Year’s Eve contest, and an $80,000 profit contest on two months. The broker also offers a referral bonus system.
We may receive commissions and other income from this article. We are a paid partner of the organizations mentioned in this article.
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