According to trader union research Forex Interest Calculator is a unique service of its kind, by which you can easily calculate the approximate amount of your additional income. Working with a broker through an intermediary such as Traders Union will allow you to obtain a daily and monthly return of part of the spread or commission, even with unprofitable operations. It is a special service designed for the convenience of the Union customer that will help you assess the amount of this additional income.
Conditions for calculating spread compensation
- Trader’s Union compensation is paid for each closed (concluded) trade, including unprofitable ones.
- Accumulation is added to the balance of the Traders Union client’s personal account. Daily payments are made the day after the report, and monthly payments the following month.
- Compensation is calculated for both traders and managers of PAMM accounts (some exceptions are possible).
The amount and the procedure for calculating the Traders Union remuneration may vary depending on the individual conditions of the Broker. Find more information about the possible income in Forex with Traders Union by following this link, choose a broker, open an account, and receive the profit after your first transaction. If you have any further questions at any time, please contact Traders Union customer support.
OspreyFX Review 2022
According to the trader union OspreyFX review offers its global clients two of the world’s most popular platforms for trading forex, cryptos, stocks, commodities and CFDs. Though unregulated, the broker is a licensed business in St. Vincent and the Grenadines and offers competitive leverage rates and a range of payment options. This review delves into the benefits and drawbacks of signing up with OspreyFX, including account types, financial assets, scam security and more.
OspreyFX, despite its name, does not limit its clients to speculating on the foreign exchange markets. The full range of financial assets offered by the broker is:
- Forex – 53 major, minor and exotic currency pairs
- Cryptos – 14 of the biggest cryptocurrency tokens against the US dollar
- Indices – 8 global stock indices, including the Dow Jones US30 and FTSE 100
- Stocks – shares in 10 EU and 27 US companies
- Commodities – 7 CFDs, including energies and metals
One benefit of not falling within the jurisdiction of a regulatory agency is that OspreyFX can offer leverage rates of up to 1:500 across its range of assets. While this may be attractive to many, thanks to its opportunity for greater market exposure and profit possibilities, margin trading should be carried out with care. Leverage can also magnify your losses, even losing more money than you have capital in your account.
OspreyFX clients are not tied to their desks if they want to access their accounts or execute trade orders. Both MT4 and MT5 mobile applications can be downloaded for free on the App Store or Google Play Store, facilitating on-the-move trading and position monitoring. However, mobile trading does have its limitations, with fewer advanced features and analysis capabilities than are supported on desktop or web-based platforms.
OspreyFX accounts can be funded and emptied using several payment methods, with varying fees and processing times. The options are:
- Bank wire transfer
- Credit/debit card
Bank transfers are charged an additional $25 fee, with an increased minimum deposit requirement of $100. All other payment methods have a minimum deposit of $10. Bitcoin payments may be tracked on blockchain.info for added security.
Withdrawals via bank transfer and Bitcoin are free of charge, 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 that the trading account is registered with. Account transactions are made easily from within the OspreyFX portal.
OspreyFX trading accounts can be opened with USD, EUR, GBP, CAD, AUD and BTC base currencies. Such a range can keep fees and risks to a minimum, with less need for currency conversion charges. PayPal payments are not currently accepted.
OspreyFX offers a well-equipped demo account for those who wish to try before they buy. The account is credited with as many virtual funds as desired and supports all forms of trading that are possible on the main account, with the same 1:500 maximum leverage rate.
Practice accounts are a brilliant way to get a feel for a broker, platform or asset range before committing real capital. They can also be used to test new strategies and ideas in a risk-free manner. That being said, spreads, liquidity and slippage may not always match those seen in live accounts, given their unpredictability.
OspreyFX regularly runs trading competitions, with a variety of rules and goals, often with monetary prizes. For example, the first quarter of 2021 saw a gold and silver trading competition for the chance to win a PS5, a $2,000 New Year competition and an $80,000 two-month profit competition. The broker also offers a referral bonus scheme.
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