The right choice, when it comes to choosing the right trading platform, is highly crucial. A slightly wrong choice can have a tangential effect towards losses. Choosing a wrong trading platform, or a wrong broker can cost you your entire investment. So, the need for the right choice can’t be emphasized enough.

Luckily, we have GigaFX, which offers great stability, security, and feature-packed trading platform. This online broker was founded in 2018 and is based on the Dominic Republic. The company has made a big name in such a short period based on its thorough professionalism which offers its customers absolute clarity, transparent transactions, user-friendly deposits and withdrawals, speedy processes, high levels of security and so on. Based on the quality of the services, the company has made an impression on the global stage in the trading world.

With fantastic services offered in over sixty countries, the company, with its strong experience in the trading field offers great insights to its users. This platform suits both the beginner as well as the experienced alike. In this article, we will look at the features and the reasons why we are all praises about the trading platform.

The all-in-one platform-

Giga FX is truly an all-in-one platform given the number of excellent services it offers. In this section of the article, let us look at its features-

• Trading instruments- GigaFX boasts of offering more than 2k financial trading instruments. This gives the users immense freedom to explore trading and have a versatile trading portfolio. Here, at this platform, you can purchase CFDs (Contracts for Difference) for a good range of assets.
• Currencies supported- As of now, the platform supports only two currencies, namely- Euro and Pound. It doesn’t mean you can’t use other currencies. You absolutely can use any currency, but it will be converted into either of the two mentioned currencies and therefore, with a little conversation charge, you can use any currency for the trading purposes.
• Natural Resources- Yes, you can choose to trade in these categories- gold, silver, oil, natural gas, and so on. Given they are not too volatile markets, therefore, the user can get good levels of leverage, and make use of versatile spreads and prices. The user also gets the freedom to choose the trading platform of his or her choice.
• Stocks- Trading in stocks market with Giga FX is like having your best friend with you all the time. The platform is a highly-responsive one that offers you its service on a 24/7 basis. Moreover, Giga FX offers a great variety of stocks to choose from, with competitive rates, and favorable trading positions that make it a highly profitable platform.
• Forex- The user enjoys a great variety of trading pairs at GigaFX. In addition, with quick executions and high leverage, forex marketing becomes very efficient. In order to support its users, the platform offers educational tools as well as analysis tools for supporting them as they grow.
• Cryptocurrency- GigaFX offers all that a crypto trader ever dreams of. It offers services such as an exhaustive variety of cryptocurrencies, which includes Bitcoin, Ethereum, Litecoin, and so on. Further, it offers a secure, crypto wallet to trade these cryptos easily. The users can enjoy high leverage, amazingly competitive rates, and overall a tight security that can be relied upon easily. Cryptocurrency trading is in high demand, and therefore, the platform has left no stone unturned to bring the best services to its users.
• Indices- Here at GigaFX, the user gets access to the trending indices, with a backing of great index tools and high leverage. These services are available during the day time.

This was a little glimpse of the main services offered by the platform. Other services include Cannabis Stocks, eBooks, Video-based learning tools, in-depth educational tools, latest market news, detailed market analysis, and so on. Our say is simply that when you come across such a platform, you should not miss it at any cost. Just remember to stay wise, vigilant, and aware when it comes to trading.

For some traders understanding the CFDs’ trading charges is difficult as they vary according to the type of broker chosen and the market conditions. You can get CFDs for any financial asset; this offers a lot of variation to its traders.

While trading in CFDs, there are three ways how you are charged. First is ‘spread’ which is a difference between the ‘ask’ and ‘bid’ price. Spreads are not large, but when you are choosing a broker, you should pay attention to their spreads. Some brokers will claim to have no commission fee, but then they will have a wider spread to compensate. As a trader, it is important that you compare before deciding where to start your trading from. Some brokers use market made price with the spreads while there are other brokers, who will charge spreads according to the market movements.

Second is the commission charge, which may be about 0.1% of the value of the particular asset when you move in and out of the position. Some brokers even charge as high as 0.25% but even then trading in CFDs have lower commission then trading in actual stocks.

Additionally, all CFDs have overnight charges whenever a position is being held overnight. This interest rate is decided in advance. The charges vary with different assets, so make sure what interest rates your broker is charging for CFD trading. The charges are triggered when a trader passes the daily cut-off time. If a trader closes his positions before that time, no charges are levied to him.

One of the benefits of trading CFDs is that it doesn’t entitle the rights to the shareholders, but they get to enjoy the benefit when a share pays a dividend.  Thus most of the Brokers make a dividend adjustment to the traders’ account. It is a good thing for the traders who holds a long position on the underlying asset but for those taking a short position; this can be bad news as the account will be adjusted downwards.

Another cost that you will have is a charge for the trading platform, and this depends on the type of broker you are working with. This fee is normally monthly payments. Some brokers waive off this fees if you sustain a certain level of activity on your account.

Lastly, there can be ongoing costs of holding CFDs. CFDs value are updated in your account, and if the position is losing, the margin will be deducted from the balance in your account. If the position keeps on losing, you will get a margin call telling you to put money in your account on an urgent basis. The opposite is also true. If your position is making a profit, your account will be credited with the margin.

AAATrade.com, one of the established European based firms, offers an exhaustive list of CFDs products to trade with. The firm has a different account for the traders of different level. Spreads based account are for the beginners and Commission based accounts are best suitable for experienced traders.

Stock markets across the world showed a mixed response, while the Asian shares fell due to fears of a global slowdown due to weak economic data from Germany and South Korea. The oil prices also reduced slightly after it hit a 7 month high earlier this week. The Wall Street stocks rallied as the earnings reports from major tech companies rolled in.

In the market:

Stocks

The Asia Pacific shares broadest index, MSCI fell by 0.5% as the South Korean economic data showed the economy had reduced in the first quarter fueling worries of a slowdown.

The Wall Street swung and ended lower as many companies reported their earnings with some missing the estimates and other like Microsoft posting a surprise profit. It reached the $1 trillion value for the first time predominantly due to its cloud computing. Facebook also beat the estimates for the first quarter. Investors are waiting for other companies to report to know if the stocks will rally.

The Nikkei ended the day with a rise of 0.5%. The Bank of Japan announced that it was in discussion to introduce a facility to expand its monetary policies by lending the traded funds. The announcement did not help the Nikkei as there was no consensus among the traders about what the move meant was it to improve cash or liquidity of the stock market. Leading strategist at Mitsubishi said ‘This is one technical move I would assume aimed at lack of liquidity in the stock market. I wouldn’t consider it as a monetary policy’.

Currency

The yen ended a little higher as the Bank of Japan decided to reduce the interest rates to as low as possible until 2020. The dollar index against six major currencies was at 98.189 and was down by 0.15%. The euro was steady at $1.1157 and the pound was at $1.291 hitting a two-month low. The Canadian dollar was also reaching a 4 month low and was at C$1.3488 for a dollar as the Bank of Canada reduced the growth forecast.

Commodities

The Brent Crude futures were at $74.75 for a barrel a rise of .25% and the WTI crude futures remained at $65.93 for a barrel. The oil prices which reached a 6 month high earlier this week continues to remain in that range as there were reports that the US will stop waiver to all countries importing oil from Iran. Moreover, the OPEC has already cut supplies which have added to the price rise.

Asian stock which had reached a 9-month high due to positive export and banking data in China continued to rally as the investors hoped that the Chinese economy would get better. Meanwhile, Wall Street underperformed as the quarterly earnings of major banks started pouring in.

In the market

Stocks: Asia-Pacific’s shares broadest index MSCI climbed by 0.3% mainly due to market gains in India and China. The index was at its 9-month high due to positive export and banking data in China. The Chinese shares reacted positively to the house pricing data and rose by 1.7%. The NSE, India climbed 0.8% as the country heads to general elections. In the other important Asian market, Nikkei was up by 0.2%.

The positives from the Asian market could not see through the pessimism seen in Wall Street as the banking earnings reports did not meet expectations. The major stock indexes were all lower than before with only the S&P 500 doing better.

The European shares picked up as Frankfurt and London shares rose to 0.3%.

Treasury yields: The 10-year US treasury bond yields were at 2.548% a fall from its previous high of 2.574%.

Commodities: The oil rally due to a supply crunch and also sanctions on Iran and Venezuela by the US halted as OPEC and Russia may increase oil production in a fight for domination with the United States. The US WTI crude was at $63.30 for a barrel a fall by 0.15 cents.

Spot gold suffered its fourth consecutive day loss and was at $1,286.21 for an ounce.

Currencies: The dollar was at 96.980 against the major currencies. Against the yen, it was at 111.94. The euro remained unchanged and was at $1.13045.

Senior Strategist Yukino Yamada talking about the recent developments in the Asian markets said ‘Recent Chinese data is boosting confidence in the Chinese economy while earnings have not been bad either’. On the Indian stock market doing well she said ‘Indian shares are rising on hopes on the country’s elections. In the past, they have tended to do well during a six-month period leading up to the election as well as one month after the election.’ To top it, the Asian investors became optimistic about the trade negotiations ending with a deal between China and the US. Wall Street will only hope that the earnings report that is due in this week by big corporates is not too bad as that could mean another downward spiral for the stocks.

U.S. consumer prices went up the most in the last 14 months in March. However, the underlying inflation trend seems to slow down the domestic as well as global economic growth.

On Wednesday, a mixed report was released by the Labor Department which seemed to support the Federal Reserve’s decision to suspend its campaign in raising interest rates. The projections put forth by the U.S. central bank showed no interest rate hikes planned for this years, especially after the borrowing costs were lifted four-times last year.

The minutes of the Federal Reserve’s March 19-20 meeting was published on Wednesday. It showed that most of the policymakers saw the price pressures to be muted. However, they expected inflation to go up to reach the central bank’s target of two percent. The Federal Reserve’s inflation measure which includes personal consumption expenditures price and excludes energy and food is currently at 1.8 percent.

According to Joel Naroff, a chief economist at Naroff Economic Advisors in Pennsylvania, the inflation is likely to remain tame. He also said that the Federal Reserve seems to have gone on vacation and is likely to stay that way for a few more months.

The Consumer Price Index went up by 0.4 percent according to the Labor Department. This jump was encouraged by the prices increase of gasoline, food, and rents. In fact, this is seen as the biggest increase since January 2018.

In the past twelve months till March 2019, the CPI has gone up by 1.9 percent. The CPI went up by 1.5 percent in February alone. Economists who were polled by Reuters had forecast a 0.3 rise in March.

After excluding volatile components like food and energy, the CPI went up by 0.1 percent, thereby matching February’s gain. This CPI remained held down by the 1.9 percent drop in apparel prices.

Last month, the government introduced a new method to calculate apparel prices. This caused the apparel prices which had gone up for two consecutive months to be trimmed to 0.07 percent suddenly. Most economists expect a reversal this month.

In the past twelve months till March 2019, the core CPI went up by 2.0 percent, which is the smallest increase since February 2018.

The dollar was traded at a lower rate compared to a basket of currencies as the U.S. Treasury prices went up. Stocks on Wall Street also went up as well.

Inflation remained mute, as wage growth increased moderately even though conditions tightened in the labor market.

Ping An Bank Co., a Chinese bank is performing at its best at the moment after its dismal performance last year. This has given hope to the investors that the strength of the lender in retail banking will help shoulder the country’s economic slowdown. Ping An Bank shares went up by 39 percent this year. This is the largest gain seen on the CSI 300 Banks Index. According to the analysts in the industry, the bull run will probably continue. The rise of share prices has stoked demand for its $3.9 billion convertible bond sale, which offers nearly 1,400 times the amount.

With Chinese banks benefiting from the pledge made by policymakers for regulatory and capital support, China Merchants Bank Co. and Ping An Bank are reaping the rewards for their concentrated focus on retail banking.  The sector is dominated by the Shenzhen based lenders where competition is slightly less fierce and offers higher returns than in the corporate lending sector.

According to Liao Chenkai, an analyst at Capital Securities Ltd, investors are open to paying a premium to retail banking even during the economic slowdown as it is less recurrent than wholesale banking. He also mentioned that although China Merchants Bank and Ping An have a lot in common, the former bank trades at a higher premium which will probably cause Ping An bank shares to rise further.

China Merchant Bank shares were traded at almost 1.6 times its forecast price while Ping An shares were traded at almost the same forecast price.  The transition of Ping An Bank from corporate to consumer backing began in the year 2016, several years behind the China Merchants Bank. At the tie, retail contributed only forty-one percent of its profit. When the share prices rose to 68 percent in 2018, the bad-loan ratio of Ping An Bank stood at around 1.05% which was lower than the corporate lending bad-loan ratio at 2.49 percent. However, Ping An Bank’s return on equity remains at eleven percent which is lower than the sector’s average, as the bank continues its transition.

The fourth quarter net income of Ping An Bank beat market expectations and triggered a rally among the mid-sized banks in the country. China International Capital Corp. has forecasted about 17.6 percent gain compared to the average 9.4% for China listed banks. According to analysts, retail banking is bright at the moment due to its ability to being less capital consuming and able to provide earnings stability.