techroki.com – How to Choose a Didimax Vs Finex Broker According to the Trading Strategy. Not all brokers including the Didimax broker and the Finex broker have trading conditions that suit your trading strategy . Which is right for your Didimax or Finex trading strategy? Have you found the right broker for your needs?
Of course, if Every trader has a different style and strategy of choice, not all brokers can offer trading conditions that are suitable with all these differences. As we know, there are various types of trading strategies that are often applied based on certain timings, such as: B. Scalping, Intraday, Swing Trading and Positioning.
The implementation of the trading strategy that is implemented is ideally based on the trader’s personality. If every trader can understand which trading method suits his personality, the profit opportunity will be great.
But once you know which trading strategy suits your personality, can there be a broker that offers trading terms that suit your needs? The answer is, not all of them.
Among the best local brokers that are regulated by CoFTRA, there are two brokerage companies to choose from which can be a little confusing, namely Didimax and Finex.
Overview of Didimax and Finex brokers
Didimax Futures is one of the largest local brokers in Indonesia, was founded and operated in 1999 under the supervision and license of BAPPEBTI. No.: 44/BAPPEBTI/SI/XII/2000. Award for Best Forex Education Broker in Indonesia by Global Banking and Finance U. In 2018 and 2020, Didimax Broker is committed to provide training and quality services.
Schedules of training and seminars, personal training and webinars are available on the Didimax Education Center page. There is also a free education center with a guide to technical market analysis and fundamentals to help you understand your trading style based your personality. Meanwhile, P.T. Finex Futures or often known as Finex is also one of the best local brokers operating in Indonesia since 2012. FINEX Brokers, such as DDIMAX, strive to provide quality trading conditions and services.
Under the supervision and license of BAPPEBTI No: 47/BAPPEBTI/SI/04/2013, Finex Brokers offer other interesting trading instruments such as Forex, share CFDs, indices and commodities including gold and silver precious metals.
Broker Didimax vs Finex with its own advantages and disadvantages, each also has different trading conditions.
Which one is best for your trading strategy? Here are some of the main differences between Didimax and Finex trading conditions.
Just like forex trading, a trusted broker to make a profit from the spread. Each broker must determine the size spread both variable and fixed spread. The same goes for the overall differences between Didimax and Finex.
The broker is one of the local brokers that offers very competitive spreads. According to a report published on its official website, Didimax uses a variable spread (floating) starting from 1.0 pips, which tends to increase when the price is exposed to high volatility.
Meanwhile, the fenix broker allows traders to choose between floating or fixed spreads when opening an account . For Floating spreads, Finex sets a minimum of 0.0 pips and for fixed spreads we set a minimum of 3.0 pips depending on the pair.
Apart from spreads, the main profit for brokers also comes from trading commissions. As with the spread, the amount of the commission is the prerogative of each broker. So how much is the commission determined between Didimax and Finex? Broker Didimax receives a large commission of 50 USD/lot. On the other hand, Phoenix brokers have lower commissions on their professional and small accounts. You are
For professional accounts with variable spreads, Finex Charges a commission of $10 per lot. On Pro and Mini accounts with fixed spread, the commission charged by Finex is $3/lot.
However, for standard, land and mobile accounts, the commission is the same as Didimax, which is $50/lot.
Leverage actually can provide potential trading far exceeding the initial capital of a trader , however, leverage which is higher is directly proportional to the amount at stake.
However, it doesn’t mean you shouldn’t use a high leverage forex trading method. The leverage at the Didimax broker is not too high, but also not too low, namely 1:100, while the finex broker provides leverage of up to 1:500.
Choice of Trading Instruments
A forex broker with a large variety of trading instruments gives you more freedom in diversification so your risk can be lower. So how about choosing a trading tool Didimax versus Finex? The amount of trading instruments is almost the same for both brokers.
Brokers Didimax and Finex offer 27 currency pairs , precious metals (gold and silver), crude oil and several US stock indices. The difference is in the stock of goods that are not available at the Didimax broker. There are 33 shares offered by the Finex broker.
The nominal amount of the deposit also determines the trading strategy and trading style. Usually, for scalping style traders, initial capital around $100 is ideal for experienced traders. Broker Didimax demands a very large initial deposit from traders. Didimax has a minimum deposit of $10,000 at the initial opening of the account .
You can only deposit $5,000 on your next deposit to your registered account. Meanwhile, the Finex broker has three types of accounts with different minimum deposit requirements. The minimum deposit to open a small account is $100.
When opening a professional account, you must deposit at least $1000. Also, for a standard account, the minimum deposit amount is 10,000$.
Islamic or Swap Free Account
Swap is a term for differences in currency interest rates traded on the foreign exchange market. You will be charged an exchange fee. If your trading position is overnight or after midnight , it depends your broker server time. The swap-free concept, interpreted holistically, is an interest-free feature offered by brokers.
Please Note that not all brokers offer this feature. Between these two brokers, Didimax does not offer a feature without exchange like Finex. You can choose this service the first time open an account Finex.
The final word
Thus the discussion that admin can convey, hopefully it can help you.
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