December, 2016 | International Finance Portal

Dec 22 2016

Tips on trading with the IC markets

Over the last three years trading with IC Markets, many people have not had many issues and dealing with IC Markets continues to be a delight. Among the list of enormous benefits of dealing with such markets is that they accept deposits in 8 different foreign currencies AUD, USD, CHF, JPY, EUR, HKD, NZD, and GBP.

Being able to fund my primary account and secondary accounts in numerous currencies other than USD which the majority of forex brokers provide means that you don’t have to deal with foreign exchange risk on my cash.

The only risks that you have got to deal with are those bought through your fx trading, and this can be easily be managed with stop loss orders. Therefore you need to understand how to handle IC markets without any loss of cash.

Tips on trading with the IC markets?

1. Asses brokers first

You should first examine the brokers and foremost by looking at the spreads that they display. Spreads are naturally substantially more important if you are scalping and day trading, however, for those forex traders who hold open long positions, spreads are not something that you ought to be worried about. You should consider the spreads of the brokers in the IC Markets to trade with the best ones who won’t exploit you.

2. Consider slippage

This is also an important aspect to consider if you plan on scalping the market or using high-frequency expert advisors. Slippage at IC Markets does exist though it is negligible and to their credit, they also pass on positive slippage in their client’s favor. If you’re dealing with a True ECN forex provider you need to think about this, however, do not be discouraged as it works both ways, this is particularly the case when trading with IC Markets.

3. Understand the funding methods

IC Markets also offer some different funding methods like credit card, wire transfer, and Moneybookers. Having a range of funding methods enables you to fund your account at any time without much hassle. Be sure, you will not any problems depositing money or withdrawing it. It is, therefore, crucial to understanding the funding process when you want to trade with the IC markets.

4. Consider ordering latency

Having trades reach the market quickly and receiving deal confirmations rapidly is critical. Remember that the trade speeds at IC Markets every day and the typical execution time is 130 milliseconds, the quickest speed that I have experienced is 40 milliseconds.

Martina Lapoint 0 Comments

Dec 9 2016

Beginner’s Guide To The Lending Club

Lending club decides whether the credit of the borrower is right on the credit report, credit score, the requested loan amount and the debt to earnings ratio of the borrower. Then credits are assigned to the borrower and given a credit grade, interest rate, and fees. The loans can be paid back with no penalty at any point. The usual loan period is three years. A five-year period is available too at higher interest and costs.

Understanding how lending clubs work

How lending club functions

Investors search the loan lists on the company website and see whether there are any loans in which they’d wish to invest in are available. You can read an in depth Lending Club review here. If anything looks attractive, the investor can decide how much they would like to invest.

Stockholders Earnings

Stockholders will earn cash from the interest rates on the loans. The prices run from 6.03% up to 27.48%. The lousier the creditworthiness, the higher the rate of interest will be. Lending Club promises to pay the note holder any money received from the borrower. There’s a risk to the bank that Lending Club could go bankrupt. The bank can also put a note up for sale before the maturity of the note.

Benefits to borrowers

For borrowers, the system is touted as giving access to credit at a cheaper IR. Statistics are cited utilizing the 6.78% rate of interest as a comparison to understand bank interest rates for the same loan of up to 9.06% as a state average. For the financier, a higher return on the money invested is suggested that 93% of investors earned between 6% and 18%, miles away better than CD rates of 1% and less. Lending Club protects the secrecy of the financier and promotes the transparency that exists between the company, Lending Club, and the financier.

Growth of lending club

Lending Club is the world’s largest P2P platform for lending. Since its founding in 2007, it has turned heads and received positive reviews for its efficiency and results. By employing technology to match banks (investors) and borrowers, a lower cost system is available and is passed along.

By focusing on prime borrowers, Lending Club has achieved a default rate of only 4%. Lending Club review is growing by powerful jumps. In December of 2012 the company went past $1 bill in loans. Institutional money is taking interest as one or two bigger investors have invested right into the enterprise.

Conclusion

This model certainly is not going away shortly and will definitely be emulated by others. It has still to be seen how widely the peer-to-peer concept will grow. Lending Club may continue to pave the way.

Michelle Waddell 0 Comments

Dec 5 2016

Managing your debts with an IVA

Individual Voluntary Arrangements, or IVAs, are a debt settlement solution that can be arranged for you by a specialist company. It is a formal legal agreement between an individual and creditors. The individual voluntary arrangement creates terms for monthly payments over a set period and after that period has been completed the remaining debts will be written off.

Debt management with IVA

With IVAs you simply need to get the creditors of 75% of your debt to agree to it, and the remaining 25% will be bound to the legal agreement whether they wish to or not. This is perfect if you owe 75% of your debt to a single creditor and the remaining to others.Here are the reasons why is IVA better for debt settlement.

You can keep trading

You only need to get that single creditor to agree to the IVA, then no matter what the other lenders wish they have bound to the agreement anyway. With an IVA you can keep trading if you are a business owner and are still allowed to have a bank account, you are also less likely to lose your home as you would be with bankruptcy, so an IVA offers you more control. There is a fee to set up an IVA, but the specialist companies who handle it typically factor their fee into the agreed upon monthly payments under the terms of the IVA.

Your interest owed is frozen

The another advantage of an IVA over bankruptcy is that your interest owed is frozen form the time the period under the terms begins, which means your debt can not increase in the interim. Not every debt problem is best solved with an IVA; you need to make sure there is not a better solution before you enter into one. Many debt companies will provide information on IVAs but be careful that you are not dealing with a company that will only suggest an IVA so that they can collect the set-up fees from you.

You can control your debt

Whether an IVA is ideal for your situation or not, you will want to make sure you are dealing with a company that can find a solution that is best for you and your situation. If you think an IVA is your best option, then approach some specialists that have a good reputation, get some feedback from a couple of companies and see who can offer you the best deal for paying back your deal, with the lowest monthly cost and the least amount of time required paying that price.

There are plenty of people who have successfully used IVAs to control their debt, and therefore you can find the companies that have arranged these for them without taking advantage