11 Best Forex Brokers with Volatility 75 Index – ( Reviewed ) 2020

Volatility 75 Index

 

The Volatility 75 Index better known as VIX is an index measuring the volatility of the S&P500 stock index. VIX is a measure of fear in the markets and if the VIX reading is above 30, the market is in fear mode. Basically, the higher the value – the higher the fear. If the VIX is below 30, it shows a level of complacency so, the lower the VIX level, the higher the complacency.

 

The Volatility 75 Index is a great instrument for traders who want to trade market volatility or as a short-term hedge during market turmoil.  There are several top-quality brokers that offer Volatility 75 Index trading with high leverage and good trading conditions.

 

A review about Pepperstone
 

 

Pepperstone

 

Pepperstone was founded in 2010 in Melbourne, and processes, on average, $12.55 billion of trades each day (October 2019) and is best known for its extensive selection of third-party trading platforms.

 

Pepperstone provides forex and CFD traders competitive pricing, outstanding customer service, and one of the largest selections of third-party platforms available.  Pepperstone also offers a small set of tradeable products but.

 

Is Pepperstone Safe?

 

Pepperstone is measured as average-risk and is not publicly traded and does not operate a bank. Pepperstone is authorised by:

 

  • Two tier-1 regulators
  • Zero tier-2 regulators
  • Zero tier-3 regulators

 

Pepperstone is authorised by the following tier-1 regulators: Australian Securities & Investment Commission (ASIC) and the Financial Conduct Authority (FCA).

 

Commissions & Fees

 

Pepperstone is an agency-execution broker and offers a decent range of options on pricing plans, with its commission-based Razor Account being the top choice.

 

Account types:

 

Pepperstone offers two pricing models which are dependent on the account type the user wishes to open, ranging from:

 

The Standard Account: Which incorporates commissions into the prevailing spreads. Fees may also slightly vary, depending on the platform the user choose to trade.  The standard account is commission-free but has higher spreads nd is not as competitive as the Razor Account.

 

Razor Account: The Razor Account can be used with either the MetaTrader (MT4) or cTrader platforms and follows a commission-based pricing structure in addition to prevailing spreads.

 

Active traders: Pepperstone’s active trader program offers discounts on the appropriate commission rates which helps to boost its ranking in the active trader category.

 

  • A minimum amount of 200 lots is required to qualify for the lowest tier
  • A rebate of $1.00 per standard lot
  • Applies only to Razor accounts.

 

Order-Routing: Pepperstone uses its EDGE infrastructure to help bridge the MetaTrader platform with liquidity providers and incorporates its Pepperstone Price Improvement (PPI) technology to help improve execution rates.

 

Platforms & Tools

 

Pepperstone offers an excellent third-party platform.

 

  • Platforms: Pepperstone offers the full MetaTrader and cTrader suites which includes a MT4 (desktop and web), MT4 Multi-terminal, MT5, cTrader (desktop and web), and cAlgo. Traders can use either account type, Razor, or Standard, with any platform.

 

Copy trading:  Pepperstone offers

 

  • The MirrorTrader and RoboX platform from Tradency
  • The ZuluTrade platform
  • MyFxbook for MT4

 

cTrader vs MT4: Both cTrader and MT4 support algorithmic trading, cTrader has an advantage with its web-based platform.

 

Broad range of third-party social copy-trading platforms and research tools:

 

  • Third-party tools:Pepperstone offers traders access to AutoChartist, which is a well-known, popular software provider of automated pattern recognition and trading signals.

 

  • Smart Trader Tools are also offered by Pepperstone which included an MT4 add-on with tools such as sentiment indicators.

 

  • Market analysis: Pepperstone offers content from third-party analysts. Trading Economics, a provider of market data, powers the firm’s economic calendar.

 

  • In-house commentary:  Pepperstone’s in-house research offers content such as “Daily Fix” and a “Chart of the Day” series.

 

Mobile Trading

 

At Pepperstone, Mobile trading is conduct with either the MetaTrader 4 (MT4) or MetaTrader 5 (MT5) mobile app, or the cTrader app, all available directly from the developer.

 

Customer Service

 

  • Average Connection Time:<1 minute
  • Average Net Promoter Score:9 / 10
  • Average Professionalism Score:5 / 10
  • Overall Score:42 / 10
  • Ranking:4th of 22 brokers

 

A review about Saxo Bank
 

Saxo Bank

 

Saxo Bank is perfect for traders that are able to afford the USD 10,000 minimum deposit (GBP 500 for the UK), and offers competitive pricing, excellent trading platforms, brilliant research, reliable customer service, and 40,000+ instruments to trade.

 

Is Saxo Bank Safe?

 

Saxo Bank is considered low-risk, and is not publicly traded, does operate a bank, and is authorised by six tier-1 regulators (high trust), one tier-2 regulator (average trust), and zero tier-3 regulators (low trust).

 

Commissions & Fees

 

Saxo Bank provides traders excellent all-around pricing and three account types.

 

Classic account:                requires a USD 10,000 minimum deposit,

Platinum account:           for active traders requires USD 200,000.

VIP account:                       is reserved for elite investors who deposit at least USD 1,000,000.

 

Platforms & Tools

 

SaxoTraderGO: SaxoTraderGO is a responsive web-based platform designed with simplicity in mind, yet it is still rich with features. Charting is robust, offering 55 indicators and nearly 20 drawing tools, including Trade Signals from Auto Chartist.

 

SaxoTraderPRO:  Functionality is similar to SaxoTraderGO; however, the PRO platform offers a larger selection of professional trading features.

 

Customer Service

 

  • Average Connection Time:<1 minute
  • Average Net Promoter Score:8 / 10
  • Average Professionalism Score:9 / 10
  • Overall Score:21 / 10
  • Ranking:7th in 22 brokers

 

 

Saxo Bank offers a combination of quality in-house research paired with well-known third-party providers to offer an excellent research experience.

 

A review on Plus500
 

Plus500

 

Plus500 is a trusted global brand with a user-friendly platform on offer.

 

Is Plus500 Safe?

 

Plus500 is considered low-risk, and is publicly traded but does not operate a bank.

 

  • Regulated
  • Licensed
  • Considered as a safe broker to trade forex and CFDs with.

 

Plus500 offers 2033 CFDs, together with on 50 currency pairs, which is a touch higher than most forex brokers.

 

Commissions & Fees

 

Plus500 has a minimum deposit of €100 and does not offer any discounts to active traders or VIP clients.

 

Platforms & Tools

 

The Plus500 platform is available for desktop, web, and mobile; but, MetaTrader is not offered. Plus500’s flagship platform includes:

 

  • The Plus500 WebTrader (browser-based) platform is perfect for beginners and both the desktop and web-based versions focus on simplicity.

 

  • The Plus500 WebTrader platform offers robust charting with over 100 optional technical indicators plus the ability to save chart templates.

 

The Plus500 mobile app is similar to the web and desktop versions, consistent in both look and feel.

 

A review of IG Group
 

IG

 

IG offers traders a wide-ranging list of tradeable products, outstanding trading and research tools, industry-leading education, and competitive rates.

 

Is IG Safe?

 

IG is considered low-risk, and is a publicly traded company which operates a regulated bank, and is authorised by six tier-1 regulators (high trust), three tier-2 regulators (average trust), and one tier-3 regulator (low trust). IG is authorised by the following tier-1 regulators.

 

Commissions & Fees

 

IG provides traders competitive pricing across the board, regardless of the product chosen to trade.

 

  • Average spreads:For small and standard size contracts, minimum spreads on the EUR/USD were 0.6 pips, average spreads were 0.73 pips, for the end of November, 2019.

 

  • Active traders:For volume traders who qualify as professionals under EU rules, IG offers even more competitive rates on its commission-based offering, Forex Direct.

 

  • Execution method:Forex Direct streams from interbank liquidity providers where IG acts as an agency broker – not adding on any additional spread. IG adds a commission to each trade made.

 

Platforms & Tools

 

IG provides an outstanding offer of trading platforms and tools.

 

Flagship platform: IG’s main trading platform is its proprietary web-based platform with usability at the centre of the experience.

 

Charting: The default charts within the platform offers traders advanced functionalityincluding the ability to add an alert on a specific indicator, with a total of 28 studies available to select.

 

Additional platforms:  IG offers the MetaTrader4 (MT4) platform and a L2 Dealer platform where Forex Direct and Direct Market Access (DMA) are available for share trading.

 

ProRealTime charts:   Via the ProRealTime premium charting more advanced charting with nearly 100 indicators is provided.

 

Customer Service

 

  • Average Connection Time:<1 minute
  • Average Net Promoter Score:7 / 10
  • Average Professionalism Score:2 / 10
  • Overall Score:17 / 10
  • Ranking:8th in 23 brokers

 

IG provides traders a large selection of quality market research from both in-house and third-party providers plus, a mobile app that comes packed with plenty of features.

 

Mobile app features include:

 

  • Tools:Alerts, sentiment readings, an economic calendar, watch lists, detailed market information and a well-designed layout.
  • Charting:The charting function is loaded with 28 technical indicators and drawing tools.
  • Research:News content and signals from AutoChartist.
  • MetaTrader:MetaTrader is also available for traders who prefer the MT4 mobile app.

 

IG offers traders powerful research tools, competitive spreads and over 17,000 tradeable assets.

 

A review about eToro
 

eToro

 

eToro is an online broker which was founded in 2006 and offers CFDs and Social Trading, with a head office based in Cyprus, UK.  eToro offers traders two ways to trade: CFDs, Social Trading and eToro traders will need to make a minimum deposit of $200 and the platform can accommodate various levels of traders from beginner to expert.

 

eToro is supervised by the Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC) regulatory bodies and has been in operation for over 14 years.

 

Traders can trade in a wide variety of over 100 instruments and over 50 currency pairs on eToro’s user-friendly custom trading platform which is available as a browser-based web application. eToro also offers traders mobile apps for Android and iOS, making it easier to keep an eye on and execute trades.

 

eToro trading accounts on offer include:  Demo, Micro, Mini, Standard, STP and Islamic.  eToro supports a wide range of languages including English, German, Spanish, French, and Italian.

 

A review of AvaTrade
 

Avatrade

 

AvaTrade is an online broker which was founded in 2006 and offers Forex, CFDs, Spread Betting and Social Trading and is a global broker with their head office situated in The British Virgin Islands.

 

For those who are looking to start out with AvaTrade will need a minimum deposit of $250 and a demo account is available for those who want to get acquaint with the popular MT4 forex trading platform.  AvaTrade also offer mobile apps for Android and iOS.

AvaTrade is perfect for various levels of traders including beginners and all traders can trade a wide variety of instruments and currency pairs.

 

  • Over 250 instruments
  • Over 80 currency pairs

 

AvaTrade Trading benefits include:

 

  • Allows scalping
  • Allows hedging
  • Low min deposit

 

AvaTrade Trading Accounts on offer include: Demo, Micro, Mini, Standard and Islamic and AvaTrade allows traders to execute a minimum trade of 0.01 Lot and support a wide range of languages including English, Italian, German, French and Greek.

 

A review of XTB
 

XTB

 

XTB is an online broker which was founded in 2002 and offers Forex, CFDs, and Cryptocurrency trading.  XTB is a global broker with their head office situated in Poland.

 

XTB have won numerous industry awards over the 18 years that they have been operating as a financial broker and traders can choose to trade in a wide variety of instruments over 1,500 instruments and over 50 currency pairs in fact.  XTB offer traders the popular MT4 forex trading platform alongside the award-winning Xstation5.

 

XTB also offers traders mobile apps for Android and iOS and customer support in a wide range of languages including English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian, and Turkish.

 

A review about CityIndex
 

City Index

 

City Index is an online broker which was founded in 1983 and offers Forex, CFDs and Spread Betting trading and traders can trade in over 12,500 instruments and over 100 currency pairs on the popular MT4 forex trading platform.  City Index also offer mobile apps for Android and iOS.

 

City Index is a global broker and has a head office situated in the UK and new traders will need to make a minimum deposit of $25 to make a start.

 

City Index Trading benefits:

 

  • Allows hedging
  • Offers STP
  • Low min deposit
  • Guaranteed stop loss
  • Offers Negative Balance Protection

 

City Index Trading Accounts on Offer include:

 

  • Demo account
  • Micro account
  • Mini account
  • Standard account
  • STP account
  • Managed account

 

City Index support a wide range of languages including English, Spanish, German, Arabic, Polish, and Chinese and has a triple AAA grade support rating.

 

A review of IC Markets
 

IC Markets

 

IC Markets is an online broker which was founded in 2007 and offers Forex, CFDs, Spread Betting, Share dealing, and Cryptocurrencies trading on offer both of the MetaTrader platforms; MT4 and MT5 plus the cTrader platform developed for traders.

 

IC Markets is a global broker and has a head office situated in Australia and new traders will need a minimum deposit of $200 to get started and a demo account is on offer for those who want to get acquainted with the IC Markets platform.  IC Markets are able to accommodate various levels of traders whether they are experienced or just beginning in the trading game.

 

Traders can trade in a wide variety of instruments and currency pairs

 

  • Over 232 instruments
  • Over 65 currency pairs

 

IC Markets also offer traders mobile apps for Android and iOS and two accounts types, Standard account and Raw Spread account.  IC Markets supports a wide range of languages including English, Japanese, Chinese, Polish, Afrikaans, Danish, Dutch, German and more.

 

HotForex Review in south africa
 

HotForex

 

HotForex is on the list of Top 100 Companies by World Finance Magazine and is regulated by multiple major international organizations including the FCA, CySEC and the FSCA.

 

Trading Conditions

 

Minimum Deposit USD 5
Base currencies USD, ZAR
Number of FX Pairs 51
Hedging Allowed
Scalping
Swap-Free Accounts

 

Average Spreads

 

EUR / USD 0.7
GBP / USD 0.5
USD / JPY 0.2

 

Is HotForex Safe?

 

Regulated by CySEC (license 183/12) 2012, the FCA (license 801701) since 2013 and the FSCA (FSP 46632) since 2016, HotForex adheres to strict internal processes and auditing policies.

 

Trading Conditions

 

All accounts have variable spreads, and deposits and withdrawals at HotForex are free.

 

Account Types

 

HotForex provides clients with a choice of six account types, dependent on location (Europe will only have access to three accounts), and trading conditions vary as the minimum deposit increases.

 

Min. Deposit Max. Leverage Min. Spread Commission
Auto USD 200 500:1 1.0 pips None
HFCopy USD 300 Variable 1.0 pips None
Islamic USD 100 1000:1 1.0 pips None
Micro USD 5 1000:1 1.0 pips None
Premium USD 100 500:1 1.0 pips None
Premium Pro USD 5000 400:1 1.0 pips None
Zero USD 200 500:1 0.0 pips $3.00

 

The spreads on all accounts are variable, where the Zero account has the tightest spreads on FX pairs – an additional commission is charged based on the trading volume.

 

A review about CMC Markets
 

CMC Markets

 

CMC Markets Has the Lowest Minimum Deposit and is one of the largest online brokers for stock market and currency trading in Nigeria. CMC Markets offer:

 

  • A range of financial markets including Bitcoin
  • $0 minimum deposit and easy funding methods
  • Advanced charting through the Next Generation CFD platform

 

Financial Markets With CMC

 

CMC Markets specialise in trading forex with over 330 forex pairs but this is not the only CFDs financial markets traders can trade.

 

Other CFDs include:

 

  • Indices
  • Shares
  • Efts
  • Commodities and treasuries

 

A more recent addition is cryptocurrencies which ranges from:

 

Bitcoin, Ethereum, Litecoin and to Tron. Leverage ranges based on the crypto chosen with more well know cryptocurrencies like bitcoin offering more leverage compared to niche currencies pairs.

 

Funding with CMC Markets

 

CMC Markets offers basic funding methods including:

 

  • Credit Cards (minus AMEX or Diners cars)
  • Debit Cards
  • Bank account transfers

 

The biggest advantage is that CMC Markets has a $0 minimum deposit which means that you can move from a demo account to a live account without a large deposit required.

 

Advanced Charting Through the Next Generation Platform

 

CMC offers the choice of MT4 forex trading platform or the next generation platform.

 

Other key features of the Next Generation charting include:

 

  • 35+ drawing tools
  • Technical indicators
  • Price History
  • Chart Intervals
  • Customised Charts

 

These five key features and the ability to trade directly from charts is why CMC’s CFD trading platform is considered the leader when it comes to charting.

 

In Conclusion

 

There can be multiple strategies to use when trading in the Volatility 75 Index, but the simplest strategy which offers good results is to simply follow the news and buy the VIX when volatility reaches high levels compared to historical standards, traders can take the opposite direction and short the VIX. High volatility tends to last for short time periods and when it is very high, chances are it will slightly go down.  Playing the volatility swings can be a great strategy of trading during unstable markets but traders but remember that volatility never stays too high for an extended time period, so if it reaches extremely high levels, there is a very high chance to drop pretty fast.

 

Frequently Asked Questions

 

What is the Volatility 75 Index?

An index that measures the volatility of the S&P500 stock index, also known as the VIX.

What is the purpose of the Volatility 75 Index?

In short, the Volatility 75 Index measures the fear in the market.

Which brokers uses Volatility 75 Index?

Here is a list of the 11 Best Forex Brokers with Volatility 75 Index

What is the best time to trade Volatility 75 Index?

That would be when the price reacts to previous support or resistance levels.

Is volatility good for day trading?

In the long term it is good for traders because of the opportunities it presents.

 

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