9 REASONS TO CHOOSE ASX MARKETS FOR YOUR TRADINGASX Markets is an established exchange that has just been introduced into the Vietnamese Market around 10 years ago. However, this broker is showing tremendous strength in their coverage. Check out 9 reasons below to know why you should choose ASX Markets as the place to start your trades.
1. ASX Markets is a reputable broker
ASX has a history of more than 10 years in the international market. ASX Markets stands for the business name of Asia Exchange Markets Ltd. Licensed and supervised by the Financial Services Committee, ASX Markets headquarters is currently located on Level 1, First St Vincent Bank Ltd Building, James Street, Kingstown St. Vincent and the Grenadines.
2. Trading with more than 600 products
Forex: offers more than 50 currency pairs, including major currency pairs, cross currency pairs and exotic currency pairs.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. The vast majority of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Indices: investors are allowed to trade 13 indices of the US, Japan, Switzerland, Hong Kong, UK, Germany, France stock markets…, along with some famous indices such as NAS100, SP500, UK100, HK50 , AUS200, JPN225…
Stocks: more than 500 stocks of famous companies listed on the US, European, and Asian stock markets… ASX Markets allows investors to trade stocks through Contracts for Difference CFDs.
Commodity: including precious metals, crude oil and agricultural products. Metals include gold (XAU/USD) and silver (XA/USD). Crude oil includes WTI and Brent oil.
3. Diverse trading accounts
ASX Markets provides 4 different account types for traders. These 4 account types are suitable for both new investors or experienced investors. So whoever you are, ASX Markets will provide an account that’s right for you. Here are some more details of the 4 account types:
ASX Zero: is an account for new customers, with little capital, to trade all products currently on the floor. This account has floating spread, ranging from 1.1 pips and no commission.
ASX Classic: the client using this account is similar to ASX Classic, but the spread is fixed. The minimum spread is 1.8 pips and there is no commission to trade. Depending on the investment needs and strategy, new traders can choose either an ASX Classic or an ASX Fixed account to start familiarizing with the market on a small amount of capital.
ASX Vip: an account type similar to an ECN account. Order processing speed is fast, orders are pushed directly out of the market, without re-quotes. The spread on this account is the lowest, from just 0.0 pips, as forex offers traders the best quotes from liquidity providers. This account is especially suitable for professional traders who trade high volume.
ASX Raw: This is a type of account exclusively for large customers with a lot of capital who want to experience the best trading conditions. Traders who register for this account will receive direct support from the exchange’s experts, access to the best trading tools. Spread on this account ranges from 0.6 pips.
4. Top trading platform
ASX Markets currently allows exchanges on the MT4 platform. This is also a commonly used trading software today. This software satisfies quite a lot of requirements from simple to complex of both novice and professional traders. Therefore, MT4 is the choice of many brokers in the world.
5. Reasonable leverage ratio
The maximum leverage commonly used for trading accounts is 1: 400. However, this rate will be applied differently in different account types.
- Forex is 1:400, forex pairs and some cross currency pairs can only use a maximum ratio of 1:100.
- Index is 1:100
- Goods are 1:100
1:400 is quite reasonable leverage. Too low leverage will not help investors improve investment returns. Meanwhile, high leverage comes with a high risk ratio. 1: 400 is probably the right ratio for trading investors to have the opportunity to increase their income, while minimizing the risk in the transaction process.
6. No commission fees
When opening an account at ASX Markets, investors will reduce part of the transaction costs because the exchange will not charge commission on your trades.
7. Low spread
ASX Markets applies fixed spreads on ASX Fixed accounts and floating spreads on the other 3 account types. ASX Raw and ASX Vip have very low spreads, which are very suitable for investors with large capital and high trading volume.
Like other brokers, floating spreads at ASX Markets also have a certain degree of expansion. Depending on the degree of strong market volatility, spreads are stretched. However, as commented by some investors who traded at ASX Markets, the spread of this exchange did not stretch too strongly and was within acceptable levels.
8. Many attractive promotions
Talking about promotions, ASX Markets is a leading name among brokers in Vietnam. This exchange regularly organizes trading programs to receive gifts, receive attractive monthly bonuses to motivate traders.
In addition, ASX Markets also has an attractive bonus program for new investors:
100% First Deposit Bonus: a program offering 100% bonus on the first deposit. This is only applicable once and the maximum bonus received is 5,000 $.
50% ReDeposit Bonus: this is also a deposit promotion, but applies from the 2nd deposit onwards and only gets a 50% bonus on the amount deposited.
9. Best customer care service
This is an outstanding advantage that helps ASX Markets beat a series of other emerging exchanges. Whether you are trading or have not opened an account on this floor, the consultants are very enthusiastic. Customer Service Center 1900299990 will support investors 24/5 any time with questions in transactions.