Overview of Bell Potter Securities

Based in Australia, Bell Potter Securities is a full-service internet trading broker that offers a wide variety of financial instruments. They pioneered the e-commerce space when they launched in 2015 and have been at the forefront ever since. Currency, indices, metals, equities, and commodities are the primary areas of focus of Bell Potter Securities, which is home to a highly regarded and feature-rich trading platform.

Bell Potter Securities is a broker dedicated to empowering investors and traders with tailored financial solutions. It is a full-service internet trading broker. Since their 2015 inception, they've amassed a clientele of over 10,000 users. Bell Potter Securities currently holds a full license authorized by the Australian Securities and Investments Commission (license number: 243480). The minimum deposit to open an account is $5. Bell Potter Securities provides customer support to assist traders with various channels and traders can typically contact customer support through email or phone.

Is Bell potter a legit or a scam？

One of the main considerations in evaluating a brokerage, such as Bell Porter Securities, is to assess the broker's regulatory status and administrative body. Brokers operating without supervision from a regulatory authority are free to make their own rules, which may pose a risk to investors.

Instead, brokers operating under the supervision of regulators are bound by strict guidelines that prohibit them from manipulating market prices for their own benefit. Regulatory oversight ensures that brokers operate in an honest, fair, and transparent manner, protecting investors' deposits.

Established in 2015, and in operation for 8 years Bell Potter Securities Limited have a head office in Australia. Bell Potter Securities Limited are supervised by and is checked for conduct by the Australian Securities and Investments Commission (ASIC) regulatory bodies under license number 243480.

Bell Potter Securities Limited are held accountable for their actions and may face severe consequences if they violate any financial regulations. By partnering with a trustworthy broker like Bell Potter Securities Limited, you can enjoy peace of mind and focus on your trading activities without worrying about the safety of your funds. If Bell Potter Securities Limited violate any regulatory rules their regulated status could be stripped.

Pros & Cons of Bell Potter

Some advantages and disadvantages of Bell Potter are clearly listed below:

Bell Potter offers several advantages as a regulated brokerage firm. Firstly, being regulated by ASIC (Australian Securities and Investments Commission) provides a level of assurance and protection for clients, ensuring that the company operates in compliance with industry standards and regulations. Additionally, Bell Potter offers competitive commissions for trading, allowing clients to execute trades at a reasonable cost. The brokerage also provides a diversified range of services, including access to various financial instruments, which enables clients to diversify their investment portfolios. Moreover, Bell Potter maintains tight spreads, which can benefit traders by reducing their trading costs.

However, there are a few drawbacks to consider. Bell Potter does not provide negative balance protection, meaning that in the event of significant market volatility, clients may be responsible for any losses beyond their initial investment. Another limitation is the absence of guaranteed stop-loss orders. Additionally, Bell Potter Securities imposes high withdrawal fees, which may be a consideration for clients who frequently need to access their funds. Finally, it's worth noting that Bell Potter Securities does not offer cryptocurrency trading, limiting the investment options available for those interested in digital assets.

Products & Services

Bell Potter Securities is a stockbroking firm, which provides a full service offering to retail, corporate, and institutional clients. The business comprises Retail Equities, Institutional Equities, International Equities, Equity Capital Markets, Portfolio Administration and Super Solutions, and Research. The foreign exchange service includes spot and forward foreign exchange, foreign currency options, tailored forwards, research and foreign currency accounts. Specific product information is as follows:

How to Open an Account？

To open an account with Bell Potter Securities, you can follow the steps outlined below:

1. Research and Gather Information: Before opening an account, it is essential to familiarize yourself with Bell Potter Securities and their services. Visit their official website or contact their customer service to gather information about the account types they offer, fees, requirements, and any specific documentation you may need to provide.

2. Contact Bell Potter Securities: Reach out to Bell Potter Securities through their customer service channels, which may include phone, email, or an online contact form. Request information about opening an account and express your interest in becoming a client. The customer service representatives will guide you through the process and provide any necessary forms or documents.3. Complete the Application: Bell Potter Securities will provide you with an account application form. Fill out the application accurately and provide all requested information. This typically includes personal details such as your name, contact information, date of birth, and tax identification number.

4. Submit Required Documents: Along with the application form, you will likely need to submit certain documents to verify your identity and comply with regulatory requirements. Commonly requested documents include a copy of your identification (such as a passport or driver's license), proof of address (e.g., utility bill or bank statement), and sometimes financial statements or employment information.

5. Review and Sign the Agreement: Carefully review all the terms and conditions, as well as any contractual agreements presented by Bell Potter Securities. Ensure you understand the rights, responsibilities, and obligations associated with opening an account. If you have any questions or concerns, seek clarification from the company's representatives before proceeding. Once satisfied, sign the necessary agreements.

6. Fund Your Account: To start trading or investing, you will need to fund your account. Bell Potter Securities will provide you with instructions on how to deposit funds into your account, which may include bank transfers or other accepted payment methods. Follow these instructions and transfer the desired amount to your newly opened account.

Minimum Deposit

In order to get started with Bell Potter Securities, a $5 minimum deposit is required. For a person just getting started, this is a reasonable sum. With more coordination, you can make deposits of greater complexity. Before investing a substantial sum of money, though, make sure you know how to maximize its potential.

Commissions & Fees

Brokerage firms like Bell Potter Securities Limited may charge commission fees as compensation for executing trades on behalf of traders on their trading platforms. Commission fees can vary depending on the type of financial asset being traded and the Bell Potter Securities Limited trading account level held by the trader.

Generally, Bell Potter Securities doesn't charge high fees in comparison to other online brokers. For operations other brokers charge for, they do not charge a brokerage fee, or they charge a lesser amount. This is beneficial for those who regularly exchange, such as weekly or daily trading.

Bell Potter Securities Limited may charge commission fees for fulfilling, modifying, or canceling an order on behalf of its clients. However, if a market order is not fulfilled, no commission fee is usually charged. Reviewing Bell Potter Securities Limited terms and conditions to understand the commission fees and any other charges that may apply is essential.

Inactivity Fee

When a client of Bell Potter Securities does not make a trade for a certain period of time, the broker will assess an inactivity fee. You should close your Bell Potter Securities account if it is dormant, even if the brokerage has not yet notified you of any fees. Many financial services, not only brokerages, include inactivity fees.

The inactivity cost on other trading platforms will vary based on the type of account you have. There are a number of caveats that apply to the inactivity fee that the broker should make plain to the client before they agree to pay it.

Trading Platform Available

Bell Potter uses the most popular MT4 trading platform for traders today, with powerful charting tools, a large number of technical analysis indicators, with expert advisors to run automated trading, which can help traders get ahead in the financial markets.

Deposits & Withdrawals

Bell Potter supports traders to fund their investment accounts via credit/debit cards of Visa, Diners, MasterCard, Visa Electron, PayPal, etc. Usually, it takes a few business days to withdraw funds from Bell Potter Securities. It may take up to 7 business days before the funds show up in the investor's account based on the chosen withdrawal method.

Withdrawals are free of charge at Bell Potter Securities. From your Bell Potter Securities account, you can withdraw money at any time. With the margin set aside, you can withdraw amounts up to your account balance. Keep in mind that you can get by without actually having any cash in your account.

The funds withdrawn will be transferred instantly to the deposit accounts you specify. Because of this, withdrawals made using a credit card will also be made using the same card, though Bell Potter Securities may request other withdrawal methods if your information has changed. For each withdrawal, a minimum quantity must be met. A currency conversion fee is also relevant if you intend to withdraw funds in a currency other than US dollars. Your withdrawal will be subject to a currency conversion fee based on the currency you select.

Customer Support

If clients have any inquiries, they can get in touch with Bell Potter by calling them, or just visiting their office. besides, There is also a contact form for clients to fill ip their questions. or you can also follow this broker on some social media platforms, such as Twitter, Facebook, Linkedin, and Youtube.

Conclusion

To summarize, Bell Potter Securities is a renowned online brokerage firm that provides a diverse range of account options catering to various trading requirements. The broker offers an extensive range of tradable instruments and competitive trading fees. The user-friendly trading platforms come equipped with advanced trading tools, enabling traders to make informed trading decisions. The broker also offers excellent customer support, with multiple channels available for assistance.

While Bell Potter Securities presents an excellent trading opportunity, it is crucial to exercise caution and implement proper risk management strategies.

Frequently Asked Questions

Q: Can I try Bell Potter Securities before I buy？

A: Yes, you can most definitely try Bell Potter Securities before you buy. Bell Potter Securities offers demo accounts for the ease of beginner traders.

Q: Is Bell Potter Securities safe？

A: You can drop all of your worries since we believe that Bell Potter Securities is totally safe to use. It's in compliance with all the rules of Australian Securities and Investment Commission (ASIC).

Q: What funding methods do Bell Potter Securities accept？

A: There are a number of methods to finance your accounts with Bell Potter Securities. You can use debit or credit cards ranging from Visa, Diners, and Maestro to MasterCard and Visa Electron. Other deposit methods you can adopt are Neteller, Skrill, Rapid Transfer, and iDeal.

Q: Which Countries do Bell Potter Securities support？

A: Bell Potter Securities operates across the world. However, due to regulations Bell Potter Securities can't accept clients from Brazil, Republic of Korea, Iran, Iraq, Syrian Arab Republic, Japan, and United States of America.

Q: What is the minimum deposit for Bell Potter Securities？

A: The minimum deposit to open a live account with Bell Potter Securities is $5

Q: How long do Bell Potter Securities withdrawals take？

A: Normally, withdrawal of money from Bell Potter Securities is completed within a couple of working days but depending on the withdrawal method chosen, it could take up to 7 working days for a withdrawal from Bell Potter Securities to show in your bank account.

Q: When was Bell Potter Securities founded？

A: Bell Potter Securities was founded in 2015 in Australia. Bell Potter Securities is regulated by Australian Securities and Investment Commission (ASIC).

General Information & Regulation

FXGiants is an international online broker that offers retail and institutional traders across the globe access to trade over 200+ instruments from multiple asset-classes including Forex, Commodities, Cryptocurrency, Stocks, Shares, Indices, Metals, Energies & CFDs.

FXGiants, registered in Bermuda, operates as an unregulated broker. While it offers a diverse range of market instruments, including Forex, Metals, Indices, Commodities, Futures, and Shares, investors should approach the platform with caution due to the lack of regulatory oversight. The maximum leverage ranges from 200:1 to 1000:1, providing traders with flexibility but also exposing them to higher risks. Spreads and commissions vary across different account types, with options such as fixed spreads, zero spreads, and variable spreads. The absence of regulation raises concerns about investor protection and transparency. Additionally, limited deposit options, the absence of a demo account, and unclear minimum deposit requirements can be considered disadvantages. However, FXGiants offers robust trading platforms, including MetaTrader 4 and PMAM, along with VPS hosting services for enhanced performance. The customer support team is responsive and available via phone, email, and live chat. Traders can access educational resources through the company's blog, although the offerings may be limited. In summary, FXGiants provides a wide range of trading options but requires careful consideration of the associated risks and limitations.

Is FXGiants legit or a scam？

No, FXGiants, registered in Bermuda, operates without holding any licenses and is not subject to regulatory oversight from any governing bodies. As a result, investors should approach the platform with caution and carefully assess the risks involved. The absence of regulatory supervision means that there are no guarantees regarding the platform's compliance with industry standards and customer protection measures. It is advisable for investors to conduct thorough due diligence, seek professional advice, and consider alternative regulated options to ensure the security of their investments.

Pros and Cons

FXGiants offers a range of advantages and disadvantages for traders. One of the key advantages is the availability of diverse market instruments, including Forex, Metals, Indices, Commodities, Futures, and Shares, allowing traders to diversify their portfolios. FXGiants also offers multiple account types, providing flexibility for traders to choose the one that aligns with their preferences. Additionally, FXGiants provides high leverage up to 1000:1. However, a significant drawback is the lack of regulation, which raises concerns about investor protection. The limited deposit options and the absence of a demo account for practice trading are also notable disadvantages. Moreover, the unclear minimum deposit requirement and limited educational resources may hinder comprehensive learning. Traders should carefully consider these factors before engaging with FXGiants.

Markets Instruments

1. Forex: FXGiants offers a wide range of currency pairs for trading in the Forex market. Forex, also known as foreign exchange, involves the buying and selling of currencies. Traders can speculate on the price movements of major, minor, and exotic currency pairs, taking advantage of the volatility and liquidity of the Forex market.

2. Metals: FXGiants allows trading in precious metals like gold, silver, platinum, and palladium. These metals are considered as safe-haven assets and are often used as a hedge against inflation or economic uncertainty. Traders can take positions on the price movements of these metals, benefiting from both rising and falling markets.

3. Indices: FXGiants provides access to a variety of global stock indices, such as the S&P 500, FTSE 100, DAX 30, and Nikkei 225. Stock indices represent a basket of stocks from a specific exchange or sector and are used to gauge the overall performance of a market. Traders can speculate on the direction of these indices, capitalizing on market trends and economic indicators.

4. Commodities: FXGiants offers trading opportunities in popular commodities like oil, natural gas, and agricultural products. Commodity markets involve the buying and selling of physical goods, including energy products, metals, and agricultural produce. Traders can take advantage of price fluctuations in these markets, driven by factors such as supply and demand dynamics, geopolitical events, and weather conditions.

5. Futures: FXGiants allows trading in futures contracts, which are agreements to buy or sell an underlying asset at a predetermined price and date in the future. Futures cover a wide range of assets, including commodities, stock indices, and currencies. Traders can speculate on the future price movements of these assets, taking advantage of leverage and the ability to profit in both rising and falling markets.

6. Shares: FXGiants provides access to trading shares of major companies listed on global stock exchanges. Share trading allows investors to take ownership in a company and participate in its growth and profitability. Traders can speculate on the price movements of individual stocks, leveraging fundamental and technical analysis to make informed trading decisions.

These market instruments offered by FXGiants provide traders with a diverse range of opportunities to capitalize on price movements across various financial markets, catering to different trading strategies and risk preferences.

Account Types

FXGiants offers a range of account types to cater to different trading preferences and strategies. Here are the details of the six account types:

1. Live Floating Spread Account: This account features variable spreads starting from 1.0 pips, with no commissions charged per trade. Traders can benefit from a maximum leverage of 1000:1, allowing for greater trading flexibility and potential.

2. Live Fixed Spread Account: With this account, traders enjoy fixed spreads starting from 1.3 pips, and there are no commissions per trade. Similar to the Live Floating Spread Account, the maximum leverage is set at 1000:1.

3. Live Zero Fixed Spread Account: This account type offers zero fixed spreads. Instead, traders are charged a commission of $9 per lot traded. The maximum leverage for this account is set at 500:1.

1. STP/ECN No Commission Account: Designed for traders who prefer straight-through processing (STP) and electronic communication network (ECN) execution, this account provides variable spreads starting from 1.7 pips without any commissions. The maximum leverage is set at 200:1.

2. STP/ECN Zero Spread Account: Traders opting for this account enjoy zero spreads, meaning there is no markup on the raw interbank spreads. However, a commission of $3.75 per lot is charged. The maximum leverage for this account type is 200:1.

3. STP/ECN Absolute Zero Account: This account features extremely low spreads starting from 0.2 pips, with no commissions charged per trade. Traders can leverage up to 200:1 in this account type.

These various account types offered by FXGiants allow traders to choose the one that aligns with their trading style, risk tolerance, and specific requirements, ensuring a customized trading experience.

How to open an account？

Here are the steps involved in the account opening process with FXGiants:

1. Registration: Visit the FXGiants website and click on the “Open Account” or “Register” button. Fill in the required personal information such as name, email address, phone number, and country of residence.

   

2. Verification: After submitting your registration details, you will need to complete the verification process. This typically involves providing identification documents such as a valid passport or driver's license and proof of address, such as a utility bill or bank statement. FXGiants may require additional documents based on regulatory requirements.

3. Account Type Selection: Choose the type of trading account that suits your trading preferences and needs. FXGiants typically offers different account types, such as Standard, Premium, or VIP, each with varying features and trading conditions. Select the account type that aligns with your trading goals.

4. Deposit Funds: Once your account is verified, you can proceed to deposit funds into your trading account. FXGiants offers various deposit methods such as credit/debit card, wire transfer, or online payment systems. Choose the preferred method and follow the instructions to deposit the desired amount.

5. Start Trading: After successfully depositing funds, you can log in to your FXGiants trading account using the provided credentials. Download the trading platform (such as MetaTrader 4) or access the web-based platform. You are now ready to start trading by selecting financial instruments and executing trades.

It's worth noting that the specific steps and requirements may vary slightly based on your location and regulatory guidelines. FXGiants typically provides clear instructions and guidance throughout the account opening process to ensure a smooth and hassle-free experience for their clients.

Leverage

When it comes to trading leverage, the maximum leverage offered by FXGiant is super high, reaching up to 1:1000. Generous leverage is not necessarily a good thing,e especially offered by unregulated brokers, so traders should take extra care to use it.

Spreads & Commissions

FXGiants offers varying spreads and commissions across different account types, providing traders with flexibility and choice. Here are the details:

1. Live Floating Spread Account: This account features spreads starting from 1.0 pip with no commissions charged per trade. Traders can benefit from floating spreads while enjoying commission-free trading.

2. Live Fixed Spread Account: With this account, traders can take advantage of fixed spreads starting from 1.3 pips without any commissions. The absence of commissions ensures transparent trading costs.

3. Live Zero Fixed Spread Account: This account type offers traders the benefit of zero fixed spreads, meaning there is no markup on the raw interbank spreads. However, a commission of $9 per lot is charged for each trade.

4. STP/ECN No Commission Account: Traders who opt for this account type enjoy variable spreads starting from 1.7 pips without any commissions. This account offers direct market access with no additional commission charges.

5. STP/ECN Zero Spread Account: With this account, traders benefit from zero spreads, while a commission of $3.75 per lot is charged. This ensures traders have access to raw interbank spreads with low-cost trading.

6. STP/ECN Absolute Zero Account: This account features incredibly low spreads starting from 0.2 pips with no additional commission charges.

FXGiants' diverse account types allow traders to choose the spreads and commissions structure that aligns with their trading style and preferences, providing flexibility and transparency in trading costs.

Trading Platform

FXGiants offers a robust trading platform that caters to the needs of traders. The platform primarily supports MetaTrader 4 (MT4), a widely acclaimed and popular trading platform in the industry. MT4 provides a comprehensive set of tools and features for traders to execute trades, perform technical analysis, and access real-time market data. It offers a user-friendly interface, customizable charts, and a wide range of technical indicators for advanced analysis.

In addition to MT4, FXGiants also provides the PMAM (Percentage Allocation Management Module) platform. This platform allows traders to easily manage multiple forex investment portfolios. With PMAM, traders can allocate and distribute funds among different trading accounts, monitor performance, and efficiently manage their investment strategies.

FXGiants also offers VPS hosting services. By connecting their trading accounts to FXGiants' free MT4 VPS (Virtual Private Server), traders can benefit from enhanced trading performance, reduced latency, and uninterrupted trading even during power outages or Internet disruptions. VPS hosting ensures that traders can fully utilize the potential of their trading strategies without worrying about technical issues.

Overall, FXGiants' trading platforms, including MetaTrader 4 and PMAM, coupled with their VPS hosting service, provide traders with advanced tools, convenience, and reliability to optimize their trading experience.

Deposit& Withdrawal

FXGiants offers convenient options for depositing and withdrawing funds. Clients can choose from various methods, including VISA, Wire Transfer, and BTC. VISA provides a quick and easy way to transfer funds using a credit or debit card. Wire Transfer allows for direct bank-to-bank transactions. Additionally, FXGiants supports BTC, enabling cryptocurrency enthusiasts to deposit and withdraw funds using Bitcoin. While FXGiants' official website does not specify the minimum deposit amount, clients can contact their customer support for more information.

Customer Support

FXGiants provides excellent customer support to assist traders in every possible way. Their dedicated staff is available 24/5, ensuring prompt assistance during trading hours. Clients can reach out to FXGiants' customer support through various channels. Alternatively, clients can reach out via email, allowing them to provide detailed information and receive a timely response. Additionally, FXGiants offers a convenient live chat feature on their website, enabling real-time communication with a support agent for quick resolutions to any issues.

Educational Resources

FXGiants offers educational resources to help traders gain knowledge about the financial markets. While their official website primarily provides a blog for accessing trading market information, it serves as a valuable resource for traders to stay informed about market trends, analysis, and insights. Traders can leverage these resources to enhance their understanding of the markets and make informed trading decisions. While FXGiants' educational offerings may be primarily focused on their blog, the availability of valuable market information can still contribute to traders' learning and development.

Conclusion

In summary, FXGiants is an unregulated broker registered in Bermuda. It offers a wide range of market instruments, including Forex, Metals, Indices, Commodities, Futures, and Shares. The platform provides multiple account types with varying spreads, commissions, and leverage options. FXGiants' trading platforms, including MetaTrader 4 and PMAM, offer advanced tools and features for traders. However, the lack of regulation raises concerns about investor protection. The limited deposit options, absence of a demo account, and unclear minimum deposit requirement are notable drawbacks. The customer support is responsive, and educational resources are available through the company's blog. Traders should carefully consider the risks and limitations associated with FXGiants before engaging with the platform.

FAQs

Q: Is FXGiants a regulated broker？

A: No, FXGiants is not a regulated broker.

Q: What trading instruments are available at FXGiants？

A:FXGiants offers a wide range of trading instruments, including Forex, Metals, Indices, Commodities, Futures, Shares

Q: Does FXGiants offer a demo account？

A: No, FXGiants does offer a demo account.

Q: What payment methods does FXGiants accept？

A: FXGiants accepts three kinds of payment methods, including VISA, Wire Transfer, and BTC

Q: What trading platforms does FXGiants offer？

A:FXGiants offers trading platform MetaTrader 4

Q: What is the minimum deposit required to open an account withFXGiants？

A: The minimum deposit required to open an account withFXGiants is $100 for all account types.

Q: Does FXGiants offer any bonuses or promotions？

A: Yes, FXGiants offers bonuses or promotions and the information is provided on their website.

Q: What is the maximum leverage offered by FXGiants？

A: The maximum leverage offered by FXGiants is 1:1000.