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This CFDAdvanced review will address the prominent features that this brokerage firm offers. Before creating an account with a trading firm, it is important to make sure that the features it offers meet your requirements. Sometimes, you may come across brokers that seem to offer features and trading conditions that seem too good to be true. In reality, when you come across a broker that offers exceptionally great features, you should make sure that it is not a scam. 

CFDAdvanced is an online trading firm that I can vouch for. I have been trading with online brokerage firms for quite some time now, and I can confidently say that CFDAdvanced was among the impressive firms that I experienced trading with. 

Prominent Features of CFDAdvanced

Propriety Trading Platform

CFDAdvanced offers web trader and mobile app versions of its trading platform. Traders can choose whichever version they prefer to use as they both are maintained to provide high-quality performance. The propriety trading platform offers traders modern trade tools that help them make smart investment decisions that have high probabilities of bringing them profits. The platform was designed with state-of-the-art technology which makes sure that it can provide the best trading solutions to traders. Despite the advanced software of the platform, it is very easy to use as it has an intuitive and user-friendly interface. Users can quickly get used to the functions of the trading platform thanks to its easy-to-use interface. 

Diverse Accounts

To accommodate traders from different backgrounds, CFDAdvanced provides a variety of account options to its users. The firm also offers personalized accounts to traders who want to trade under some specific conditions. The trade accounts that CFDAdvanced offers have five different tiers starting from the Silver account. The basic account is followed by the gold, platinum, diamond, and VIP accounts. What’s more, is that these account types are categorized under two main account options which are executive accounts and expected managed accounts. Traders can choose any account option that matches their current requirements. The diverse range of options provides traders with the opportunity to grow with the broker as they can upgrade their account types as their experience in trading increases.  

Customer Support

CFDAdvanced offers a reliable customer support system that traders can rely on whenever they need assistance. The department is active 24 hours a day, 6 days a week which means that you don’t have to wait for long hours to hear back on your queries. You can get in touch with the customer support staff via emails, phone calls, and live chats. 

Payment Methods

To begin investing in assets as an online broker, you need to deposit money into your trading account. Online traders need to use online banking methods to deposit money into their accounts. CFDAdvanced supports several different payment methods so traders can comfortably proceed with these transactions. You can use debit and credit cards, bank wire transfers, and e-wallet services to make deposits into your account. The number of days that it takes to complete the transaction process depends on the method of payment that you choose. 

Trade Instruments

CFDAdvanced supports a wide range of assets that you can enjoy trading with. The firm supports the trade of over 200 different assets that categorize commodities, cryptocurrencies, forex, indices, and stocks. Traders have access to the market of all the assets that the firm supports which allows them to understand the nature of each asset market. This wide range brings many benefits to traders including increased investment opportunities, diverse trade portfolios, and low-risk trading.  

Conclusion 

CFDAdvanced is a brokerage firm that provides amazing features and services to its traders. The technologically advanced trading platform paired with its user-friendly and intuitive interface makes it very easy to use. The firm assists all traders as if they are new to the field which allows traders to quickly get settled in the firm’s trading environment. I would recommend CFDAdvanced to anyone who is looking for a high-quality and trustworthy brokerage firm to sign up with.

Tax season is almost upon us and if you haven’t started planning for it, you’re late. Most small business owners and real estate investors have a small, expert team working with them for tax planning and investments, but for those individual investors, DIY or otherwise, tax time is always tricky. If you’re already working with a financial planner Orlando, you have the benefit of working with an investor who’s also helping you with tax planning. However if your current financial advisor doesn’t assist with your tax planning, here’s 4 reasons why you should find a new financial planner who will help with your taxes.

Your Financial Planner Knows More About Your Finances 

There’s a great chance that your financial expert sees more of your financials than your accountant does. This is usually because they will find more success by knowing more about your spending habits and financial goals. As most advisors don’t charge per hour, clients are inclined to share every bit of information with them.

Accountants tend to be thought of as strictly tax people, so a client generally won’t ask them other financial questions if there is not an obvious and direct link to a tax question. This equates to your financial planner knowing much more and having more of an impact on your taxes than your accountant, and why they should certainly be working with you to tax plan.

Your Financial Planner Has More of an Impact on Your Taxes

We already know that they know more about your financial details. Whether it’s investments, retirement, annuities, or other financial questions, your financial expert is the cornerstone of your financial strategy. This long list of financial questions also has tax implications, but your accountant can’t help with this type of preparation because it’s not what they do. Additionally, they can’t offer guidance until their tax season slows down, which is too late. Your advisor, on the other hand, already knows your finances inside and out, and is aware of the big picture plan. They are in the perfect position to help you regarding the tax impact of your financial decisions.

One Tax Mistake Can be Catastrophic

Financial advisors pride themselves on outperforming the market. Obviously no guarantees can be made, but they are truly experts in their field and often show examples of their superior investment performance. If they are able to make you alpha, or additional earnings, it’s generally a small percentage point. Meaningful, but not yet tangible. But if they make a mistake that ends up costing you more in taxes, it can wipe out your alpha earnings and hurt twice as badly because paying a tax bill is tangible. It’s actual money coming out of your pocket and going straight into Uncle Sam’s. Your advisor should always be trying to keep money in your pocket and keep the government’s hands out of it.

Tax Efficiency is The Best Investment Strategy

Simply put; the more money you have to invest, the more money you can earn. Because taxes are a zero-sum game, every penny you keep is a penny of yours that the government doesn’t have. Those who are tax savvy and able to keep their tax bills lower, are the ones with more money to spend or invest. Whereas others, who are not tax focused, end up having to commit more money to the government, which results in less capital to invest with, and thus making it  harder to accumulate wealth.

Ask your current advisor about tax prep and if they don’t offer it, or charge more for it, find a new financial expert who will tackle it with you. When you work with a financial planner who is able to incorporate tax planning into your big picture, financial strategy, the result is financial success. 

 

As the name suggests, group insurance plans are designed to offer insurance benefits to a group of people. Employers often purchase these group insurance plans to cover their employees. This includes professionals, co-operative societies, and co-workers. A majority of organizations have a set of policies to ensure the well-being of their employees. The sole purpose for employers to buy life insurance online is to provide a financial cover for their employees at a relatively low premium. Group insurance plans also provide the option of customization and are available for people of all gender, profession, age, social background, and so on. There are various benefits that come with group insurance plans. Here they are.

  • Insurance cover

There are times when some employees cannot afford to buy life insurance online. Group insurance plans offer financial cover to employees simply because they are a part of an organization. The insurance cover is valid as long as they are continued to be employed there.

  • Low premiums

As opposed to other insurance plans, group insurance plans offer financial cover to the employees at a relatively lower premium. This makes it convenient and feasible for the employees to pay the premiums regularly. However, the rate of premium depends on various factors like age and professional hazard.

  • Rider options

It is possible to customize the plan and expand it by adding the riders at an additional cost. It is helpful for the employees since these riders provide benefits such as double accident benefits, loss of future payment, critical illness, and so on. 

  • Ease of payment

The problem of delayed payments of premiums does not arise in the case of group insurance plans. The premium automatically gets deducted from the salary or the bank account of the employee on a fixed date.

  • Employee welfare

Group insurance plans protect the employee as well as their family members in case of emergencies. Also, providing group insurance builds a positive image of your business and helps with employee retention.

  • Tax benefits

The payments made toward these group insurance plans by the employer are considered business expenses. This means the employer gets tax benefits on the insurance coverage offered to the employees. 

In these times of uncertainty, group insurance plans are the best thing you can offer your employees.

 

If any financial product comes to your rescue and bails you out of different medical and financial emergencies, they are Personal Loans. You can apply for them for varied reasons like wedding, festival planning, domestic and international trips, or buying furniture or gizmos. Banks and other financial institutes generally do not ask for loan application reasons, but you need to ascertain Personal Loan eligibility and whether you have the repayment capacity.

If you decide to apply for the loan in the future, here are ways in which you can improve the eligibility for Personal Loan:

Repay debts timely

The best way to improve your eligibility for such loans is by repaying all the loans timely. This also includes your Credit Card dues. Ensure to pay the bills at the earliest after they get generated. Make sure you do not default on any equated monthly instalments and Credit Card debts as doing so negatively impact the credit scores, thereby hurting your eligibility.

Clearing existing debts

As mentioned, when you apply for an offline or online Personal Loan, lenders need your credit report. Your scores give lenders an insight into your repayment behaviour. It helps them understand how often you take loans and whether they get repaid timely without defaulting. If you have an existing loan when applying for one, there are chances that the new loan might get rejected. So, apply for a new loan after clearing the existing ones.

Low credit utilisation ratio

If you hold a Credit Card, ensure you maintain a low credit utilisation ratio. At any given time, this means restricting using more than 30% of the credit limit offered. So, if the limit is Rs. 1 lakh, ensure you do not swipe for more than Rs. 30,000 monthly. Maintaining a low credit utilisation ratio proves to lenders that you can exercise restraint and not buying everything on credit, thus convincing loan providers of your good credit behaviour.

Show additional income

When you use the Personal Loan eligibility calculator, your income is the most crucial criterion and enhances your loan approval chances. Show your monthly salary and employment status while applying for Personal Loans. For gaining instant approvals, it is better to provide additional income sources. This could be your variable pay, incentives, and performance bonus. When you apply jointly, show your spouse’s income.

Moreover, if you have a leased property, portray the rent earned from the additional income. Holding a higher salary boosts your loan eligibility chances, making you creditworthy of the loan.

Today, since you can apply for the loan directly from the lender’s portal, make sure to use the eligibility and Personal Loan EMI calculator.

Making the decision to refinance your mortgage is a big step, and while it does have the potential to save you a lot of money over the term of your mortgage – thousands of dollars in some cases – it does come with risks that you should be aware of before making any final decisions.

Below are the benefits and disadvantages of refinancing your mortgage:

Pros:

  • You get the chance to consolidate your debt with a lower overall rate
  • You can access equity from your home
  • You may get a lower interest rate and save money

Cons:

  • The penalties associated with refinancing may outweigh the savings
  • When your debts are consolidated, the incentive to pay it down faster diminish

How can you refinance your mortgage?

If you decide, after consulting with a professional financial advisor or mortgage broker, that refinancing your mortgage has more benefits than disadvantages, you can choose one of several ways to carry it out:

  1. Break your current contract, early

 

If you wanted to get access to a lower rate of interest or access equity from your home, you could consider breaking your mortgage contract early. Your existing contract becomes null and you take on a new one with another lender; a process a qualified mortgage broker can help you with. However, you will likely incur a prepayment penalty from your bank, so it’s important to discuss this with a mortgage expert in detail, to determine whether it would be financially viable.

  1. Add a home equity line of credit (HELOC)

 

This gives you access to the equity from your home, with a HELOC functioning in a similar manner to a credit card account, but with significantly lower interest rates because it’s a secured loan. Taking money from your HELOC means that you’re responsible for monthly interest-only payments on the outstanding balance, and your existing lender along with a few others, will be able to help you access this line of credit.

  1. Blend and extend your existing mortgage

 

Blending your existing mortgage rate and any extra money you borrow at current market rates, a ‘blended rate’ might be offered to you by your current lender, but their rates are typically higher, so always seek professional advice before making the decision to do this.

What are the costs associated with refinancing your mortgage?

Depending upon the type of strategy you use to access equity or lower your interest rate, the cost of refinancing your mortgage may vary significantly, and as a lawyer has to change the financing title, legal costs will need to be factored in. That said, if your mortgage balance is greater than $200,000, you might find that a broker and/or lender will cover this cost.

If you decide to break your mortgage mid-term, you will be charged a prepayment penalty from your lender, and if you have a fixed mortgage rate, this amounts to the greater of three months interest or the interest rate differential payment, or IRD. If you have a variable mortgage rate, you’ll simply be required to pay an amount equivalent to three months interest.

For the full lowdown on refinancing your mortgage, schedule a consultation with a licensed mortgage specialist, who will help you assess the pros and cons and guide you towards making the best decision for your individual circumstances.