Synthetic indices are online trading assets that are not under the effects of news or world events. They are not real, but synthetic as their names imply. They, however, behave in the same manner as the real assets that are influenced by real-world events. The synthetic indices are based on cryptographic arbitrary number creators and inspected by independent third parties to prevent manipulation.
The synthetic indices display the same market structures as you would find in real-life assets; they showcase uptrends, downtrends, and ranges. The same strategies you can use or trading some other markets can also be used in trading synthetic indices. They tend to respond to the same market structures and indicators but are not under the influence of economic news or political events.
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In This Guide
Synthetic indices simulate real-world market movement and do so perfectly, enabling individuals to adopt the same strategy for Forex on synthetic indices. Synthetic indices are backed by a cryptographically secure random number generator. Synthetic indices are available for trading 24/7, which is one area where it stands a head taller than other markets. You can therefore access the various assets offered here at any time of the day or night. You can also access the assets on weekends. There is no stoppage time at all. The following are some of the unique features of brokers offering synthetic indices:
Synthetic indices offer a good opportunity for traders to make money, but you must first register with a reliable Synthetic indices broker. In the remaining part of this write-up, we will show you some of the best synthetic indices brokers available today, enabling you to choose among them with ease.
This is among the leading synthetic indices brokers out there today. The site is easy to navigate even if you have limited experience in synthetic indices trading. Once you have the basic knowledge of Forex trading, it will not be difficult for you to also trade synthetic indices on this site. The flexibility of the site makes it stand out and it is accessible on MetaTrader 5 (MT5) trading platform. The site offers tutorials to its customers, enabling them to understand how the site works before they start trading. Even if this is your first experience with the site, it will not be difficult for you to find your way around.
This synthetic indices broker is domiciled in New Zealand and is among the leading ECN Forex brokers around. The broker started operation in 2014 and is adequately regulated by the relevant regulatory agencies in New Zealand. So, it is a safe platform for synthetic indices traders. Aside from synthetic indices, the trader can also access 64 currency pairs for trading. The minimum deposit on the site is $200. The customer service is among the best.
This is one other outstanding platform you can trust when looking for Synthetic indices brokers you can trust. The company had been around since 2009 and had proved itself to be one of the most transparent brokers you can ever come across as far as synthetic indices trading is concerned. The broker is regulated in Australia and you can access the services from any part of the world. It is also regulated by the authorities in Vanuatu and Cayman Islets.
This broker is regulated and, therefore, one of the best places to trade synthetic indices. The trading platform is relatively new; it only started operation in 2017. Nevertheless, it is among the leading Synthetic indices brokers today. The broker is regulated by the Vanuatu Financial Services Commission (VFSC) and CySec in Cyprus. You have nothing to fear as far as safety and security are concerned on this site.
Synthetic indices trading can earn you a lot of money if you get it right. Nevertheless, it is still as risky as the Forex market. You must be on the lookout for the associated risks and watch out for them lest you end up losing your hard-earned money.
For you to be a successful indices trader, you should consider the points below:
The points above would have opened your eyes to some of the many features that set synthetic indices apart and we have shown you some of the outstanding Synthetic indices brokers you can register with. You can make money from synthetic indices trading, but you must never risk more than you can afford to lose.