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December 4, 2024 by in Bookkeeping

A Deeper Dive into Not-for-Profit Functional Expense Reporting

statement of functional expenses

It also provides transparency for stakeholders, donors, and board members, ensuring they understand how funds are utilized to https://www.bookstime.com/ advance your mission. The Statement of Activities is similar to an income statement in the for-profit world and helps nonprofits track their financial performance over a specific period, typically a fiscal year. This document highlights how your organization generates revenue and allocates expenses, ultimately revealing the change in net assets. The notes accompanying the SFE must include specific disclosures regarding the allocation methods used.

Key Takeaways

  • The effective categorization of expenses provides the foundation for a comprehensive and insightful statement of functional expenses.
  • This could include costs like salaries for office staff or the maintenance of office facilities.
  • Understanding the allocation categories of functional expenses for nonprofits is crucial to managing your organization’s finances effectively and maintaining transparency with donors and stakeholders.
  • Organizations can create a custom export of all expenses grouped by both natural and functional expense types.
  • In this article, I’ll break down the options of how to setup QBO and book transactions correctly.
  • Many donors will review organizations’ Form 990s as part of deciding which organization they wish to donate.
  • Reviewing examples of functional expense statements can help you understand how expenses are categorized and structured.

Not only is this a requirement for the IRS, but many donors will look at this breakdown for their funding decisions – so it’s important to get right. In this article, I’ll break down the options of how to setup QBO and book transactions correctly. Additionally, all nonprofits must file an informational tax return, Form 990, made publicly available by the IRS.

Is the statement of functional expenses required for all nonprofits?

statement of functional expenses

Firstly, it offers transparency to donors, members, and regulators by explicitly demonstrating how the organization uses the funds. It helps leadership understand the full costs of each function, which aids in strategic decision-making statement of functional expenses and budgeting. Once you have decided on the natural and functional categories, you need to consider each natural category of expense for allocation. Some expenses are very clearly 100% Program Services, such as the purchase of educational materials given to program participants, or awards and grants made to others.

statement of functional expenses

Who is responsible for generating and reviewing these reports?

statement of functional expenses

A detailed presentation of expenses also aids in compliance and ethical financial practices. Organizations that prioritize transparency often experience increased support. Trust encourages continued contributions and can enhance the potential for future donations. Adhering to these standards enhances the transparency of financial documents.

Why is the SFE Important?

  • The goal is to accurately assess the full cost of carrying out each function within your organization.
  • In fact, because nonprofit accounting differs so significantly from regular accounting practices, NPOs are in even greater need of strong financial leadership.
  • For example, you can see whether a specific administrative function is taking up more of your expenditures than it should.
  • This can give the users of your financial statements a better visualization of which programs require more resources and funding.
  • This transparency allows readers to understand how management divided expense items among various functions.

They want to see how an organization’s supporting costs relate to and drive its programs. Successful functional expense allocation hinges on consistent methodology, transparency, and an understanding of nonprofit accounting. Regularly review and update allocation methods to match organizational changes. Prioritize clarity and integrity to bolster stakeholder confidence and ensure compliance.

FREEFinance & Accounting Risk Assessment

These can cover programs like short- and long-term disability, workers’ compensation, paid medical or family leave and more. You’ll also have to report these amounts (and other information) regularly to the IRS. Your employees could lose future Social Security, Medicare, or unemployment benefits if those funds aren’t paid. So take care of your obligations—and your employees—by making complete payroll tax payments on time. Your company withholds FICA taxes (along with their federal income taxes) from your employees’ paychecks. You’ll then transfer these funds, along with your own contributions, via the Electronic Federal Tax Payment System (EFTPS).

  • Monitoring these activities is vital for ensuring that the organization can continue to fulfill its mission.
  • The accurate reporting of the SFE depends heavily on the systematic allocation of costs that benefit more than one functional area.
  • This process is crucial for accurate reporting and compliance, especially for nonprofits filing Form 990.
  • Aside from accounting regulations that require a SOFE in some form, it’s a useful tool for the organization to visualize how their resources are being used.
  • At the close of the reporting period, review functional expense classifications.
  • Remember, your allocation of functional expenses can influence stakeholder trust, budget planning, and decision-making.

How Are Functional Expenses Allocated?

statement of functional expenses

As mentioned above, functional expenses are essentially an allocation of expenses by purpose. But making this allocation can be easier said than done since there is no standard methodology, and costs differ depending on a nonprofit’s programs and use of resources. Once validated, format the statement in a clear, accessible manner for stakeholders, board members, and auditors. An accurate and well-prepared statement of functional expenses not only meets regulatory requirements but also supports strategic decision-making and builds donor trust. Separate expenses into categories based on their designated purpose, such as program services, management and general, and fundraising costs.

Associations should consider the users of their financials when determining how detailed these natural categories should be. An SFE is in accordance with Financial Accounting Standards bookkeeping Board (FASB) standards so stakeholders have a clear view of expenses, both from a functional and natural classification. The statement is also a requirement for the IRS 990 form to maintain nonprofit status. Allocating your costs in detail on your financial statements showcases how much of your funds go to program costs vs. administrative and other areas. This transparency isn’t lost on generous stakeholders looking for a cause to support, as they understandably want to see how their donated funds make a direct impact.

November 29, 2024 by in Uncategorized

Comprehensive Review of BassWin Casino

Why Comprehensive Review of BassWin Casino Matters

In an industry filled with numerous options, selecting the right online casino is paramount for serious players. BassWin Casino stands out with its innovative offerings, but understanding its features requires a deep dive. Evaluating factors such as game variety, payout percentages, and customer support can significantly impact your gaming experience. This review aims to provide a thorough analysis, ensuring you make an informed choice. For those eager to explore its offerings, you can join BassWin Casino for an engaging experience.

The Game Selection Spectrum

BassWin Casino boasts an impressive library of games, catering to diverse player preferences. Here’s a breakdown of their game categories:

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The variety is not just superficial; many of the slot games feature high RTP percentages, often exceeding 96%, giving players a fair chance at winning.

The Math Behind Player Returns

Understanding Return to Player (RTP) rates and house edge is critical for serious gamblers. BassWin Casino emphasizes transparency with its game statistics:

Game Type Average RTP House Edge
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These statistics highlight that players can expect competitive returns, especially in table games like Blackjack, where strategic play can further reduce the house edge.

Navigating Bonuses and Promotions

BassWin Casino offers a rich array of bonuses aimed at both new and returning players. Here’s a closer look at the promotional structure:

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While these bonuses are enticing, it’s crucial to read the terms carefully, especially regarding the wagering requirements, to avoid unexpected outcomes.

Payment Methods: A Comprehensive Overview

BassWin Casino supports a variety of payment methods, ensuring convenience and security for players. Here’s a snapshot of available options:

  • Credit/Debit Cards: Visa, MasterCard
  • E-Wallets: PayPal, Skrill, Neteller
  • Bank Transfers: Standard bank transfers available

Minimum deposit limits are set at £10, while withdrawals typically process within 24-48 hours, depending on the method used, which is a significant advantage over many competitors.

Customer Support: A Pillar of Trust

Effective customer support is vital in the online gambling realm. BassWin Casino provides multiple channels for player assistance:

  • Live Chat: Available 24/7 for instant help.
  • Email Support: Responses typically within 2-4 hours.
  • FAQ Section: Extensive resources for common queries.

The presence of a dedicated support team enhances player confidence, ensuring that any issues are promptly addressed.

Hidden Risks: What to Watch Out For

While BassWin Casino presents numerous advantages, players should remain vigilant about potential pitfalls:

  • Wagering Requirements: As mentioned, high wagering requirements can be a barrier to withdrawal.
  • Game Restrictions: Some promotions may exclude certain games, limiting your options.
  • Account Verification: Prolonged verification processes can delay withdrawals.

Being aware of these risks can help players navigate the casino landscape more effectively.

The Final Verdict: Is BassWin Casino Worth Your Time?

BassWin Casino has established itself as a competitive player in the online gaming market, offering an attractive game selection, solid RTP rates, and robust customer support. With a wide range of promotions and payment methods, it caters well to both novice and experienced gamblers.

However, understanding the intricacies of its wagering requirements and potential hidden risks is essential for maximizing your experience. As with any gambling platform, informed decisions are paramount to achieving success.

November 7, 2024 by in Новости Форекс

【Gerchik Trading Ecosystem】- Образовательная платформа трейдера Александра Герчика

Поймете базу трейдинга и узнаете, как правильно и безопасно дойти до своих первых реальных сделок. Счет, разработанный для начинающих трейдеров и клиентов с небольшим депозитом. Обеспечивает быстрое исполнение ордеров при минимальных торговых издержках, что позволяет эффективно работать на валютном рынке. Премиальный cчет с профессиональными условиями для инвесторов и трейдеров.

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  • Вместе с менторами и Александром Герчиком все участники живут в одном отеле, отдыхают, каждый день торгуют на разных рынках и обмениваются опытом.
  • Премиальный cчет с профессиональными условиями для инвесторов и трейдеров.
  • Торгует акциями, фьючерсами и на рынке Forex с капиталом $300k.

Профи по опционам, акциям и фьючерсам limefx брокер на рынке США. Trading Camp — это формат современного, совместного отдыха для трейдеров. Вместе с менторами и Александром Герчиком все участники живут в одном отеле, отдыхают, каждый день торгуют на разных рынках и обмениваются опытом.

Биография Александра Герчика

  • HedgeПозволяет одновременно держать на счете множество открытых позиций по одному и тому же символу, в том числе разнонаправленных.
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  • Занимается трейдингом и инвестициями с 2015 года.
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Пройдите один из наших мини-курсов, чтобы узнать больше о трейдинге, сделать первые шаги в профессию, лучше узнать нашу экосистему. После регистрации вы сразу получите доступ к материалам и своему прогрессу в личном кабинете. Занимается трейдингом и инвестициями с 2015 года. Управляет портфелем на сумму $3 млн и торгует на рынке США. С 2019 года обучает трейдингу в качестве ментора GTE. Трейдингом занимается с 2006 года, освоил множество https://limefx.io/ рынков.

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Hedge Позволяет одновременно держать на счете множество открытых позиций по одному и тому же символу, в том числе разнонаправленных. Net Позволяет держать на счете только одну позицию по одному и тому же символу. При совершении сделки в том же направлении, в котором открыта текущая позиция, происходит увеличение объема текущей позиции. HedgeПозволяет одновременно держать на счете множество открытых позиций по одному и тому же символу, в том числе разнонаправленных.

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October 29, 2024 by in Bookkeeping

Explanations for Obedience

One of the pivotal moments in the development of the concept of obedience can be attributed to the groundbreaking work of social psychologist Stanley Milgram in the 1960s. The concept of obedience has a rich historical background in the field of psychology. It involves recognizing the authority of the person giving the directives and can have both positive and negative consequences depending on how it is applied.

Psychological Factors: The Invisible Strings of Compliance

We’ve seen how obedience is a fundamental aspect of human behavior, shaped by a complex interplay of social, cultural, and psychological factors. Milgram’s work revealed the powerful influence of perceived authority and the ease with which ordinary people could be led to commit potentially harmful acts. It involves following direct orders or commands from an authority figure, often despite personal reservations or ethical qualms. Obedience isn’t the same as conformity or compliance, although they’re all kissing cousins in the family of social influence. These were not cruel people but they followed the experimenter’s instructions to administer what they believed to be excruciating if not dangerous electric shocks to an innocent person. No one was hurt or injured during this study, the research participant receiving the electric shocks was a confederate – part of the study – but the actual research participants did not know this.

Factors of obedience

Promoting ethical behavior in the face of authority pressure requires a multifaceted approach. Resistance to authority can also stem from a strong sense of personal identity and values. When people are taught to question authority, to seek evidence, and to think independently, they’re better equipped to make ethical decisions in the face of pressure to conform.

When individuals change their behavior to go along with the group even if they do not agree with the group These variations show that when the humanity of the person being shocked was increased, obedience decreased. Several variations of the original Milgram experiment were conducted to test the boundaries of obedience. In response to a string of incorrect answers from the learners, the participants obediently and repeatedly shocked them. The participants were told to shock the learners if they gave a wrong answer to a test item—that the shock would help them to learn. The participants were told that they were to teach other students (learners) correct answers to a series of test items.

In situations where multiple people are present, individuals are less likely to take action or help others in need. This can result in a psychological state where individuals no longer see themselves as accountable for the consequences of their behavior. Obedience to legitimate authority facilitates social order and cooperation. Those at the top have more influence and are more likely to be obeyed. Power dynamics and social hierarchies play a crucial role in obedience as well. There’s an energy that sweeps through the masses, a collective mood that can influence individual behavior.

Overall, these modifications illustrate that reducing the perceived authority of the experimenter and forcing participants to confront the harm they may inflict can significantly lower obedience rates. This phenomenon is particularly pronounced in uncertain or new environments, where individuals look to authority figures for guidance on appropriate behavior. Obedience is a behavioral change that occurs in response to the demands of an authority figure, often seen in situations where norms are defined by those in power. These findings underscore the influence of authority perception on behavior and the ethical implications of obedience in social contexts.

  • Although we may be influenced by the people around us more than we recognize, whether we conform to the norm is up to us but sometimes decisions about how to act are not so easy.
  • Submission to the requirements of an authority.
  • Understanding obedience is crucial, especially in today’s complex social landscape.
  • Since the line judgment task was unambiguous, participants did not need to rely on the group for information.
  • Lastly, the separation of the learner from the experimenter does not significantly affect obedience rates.
  • The question of why people obey others, its impact on society, and the factors that impact obedience are essential in understanding social behavior and social influence.

The Hofling hospital experiment

Others reported amplifying their behaviors to help give the experimenters the results they were looking for. In addition to the long-noted ethical problems with the study, a more recent analysis of the study’s methods has revealed serious issues with the experiment’s design, methods, procedures, and authenticity. During the early 1970s, social psychologist Philip Zimbardo staged an exploration into the study of prisoners and prison life. The study found that obedience rates were only slightly lower than those originally reported by Milgram. He soon discovered, however, that many people are surprisingly obedient to authority.

In addition to the above studies, additional research using participants from different cultures (including Spain, Australia, and Jordan) also found participants to be obedient. They also found that participants would either stop the experiment at the first sign of the learner’s pleas or would continue until the end of the experiment (called “the foot in the door scenario”). He also found that the more the experimenter prodded the participant to continue, the more likely they were to stop the experiment.The Utrecht University study also replicated Milgram’s results. Other studies showed that the sense of agency, as measured through the implicit task of time perception, was reduced in the coerced compared to the free-choice condition, suggesting that the sense of agency diminishes when individuals obey orders compared to acting freely.

It shows how authority figures can influence people’s actions and decisions. The standard definition of obedience in psychology is as a form of social influence elicited in response to a direct order or command. Zimbardo’s prison experiment highlighted the role of situational factors in shaping behavior, showing how individuals can conform to social roles and engage in abusive behaviors.

How would you have behaved if you were a participant in Asch’s study? Since the line judgment task was unambiguous, participants did not need to rely on the group for information. Research shows that the size of the majority, the presence of another dissenter, and the public or relatively private nature of responses are key influences on conformity. What factors make a person more likely to yield to group pressure?

Power Causes Brain Damage: The Neurological Impact of Authority

If the learner made a mistake, the teacher was instructed to administer electric shocks using a shock box, which was designed to appear authentic but was actually harmless. A pivotal exploration of obedience was conducted by Stanley Milgram in the 1960s, inspired by the Nazi trials post-World War II, where many perpetrators claimed they were merely following orders. Whistleblowing mechanisms, ombudsman programs, and independent ethics committees can provide channels for employees to raise concerns about unethical behavior without fear of retaliation.

Unlike obedience, which is a response to explicit instructions, conformity is often a tacit adaptation to social pressures. Milgram’s experiments on obedience to authority had a profound impact on the field. Pioneering experiments by researchers such as Stanley Milgram shed light on the extent to which individuals are willing to obey authoritative commands, even at the expense of their own moral judgments. These studies also underscore the importance of protecting participants in psychological research.

Another consequence of blind obedience is the bystander effect and diffusion of responsibility. But the dark side of obedience is equally potent. On the other, it can lead to moral disengagement and harmful actions that individuals might never consider on their own. On one hand, it’s the glue that holds societies together, enabling cooperation on a massive scale.

Q: What is the Milgram experiment?

Following the Utrecht studies, another study used the stress remarks method to see how long participants would obey authority. Milgram attempted to explain how ordinary people were capable obedience psychology definition of performing potentially lethal acts against other human beings by suggesting that participants may have entered into an agentic state, where they allowed the authority figure to take responsibility for their own actions. Obedience is a form of social influence that involves acting on the orders of an authority figure. This less prestigious setting weakened the authority figure’s legitimacy, making participants less willing to comply with harmful orders. Whether it is due to normative or informational social influence, groups have power to influence individuals.

In the context of obedience, several key terms such as conformity, compliance, and authority warrant further exploration to fully grasp their interconnectedness within social psychology. It highlights the psychological concept of obedience and how hierarchical social structures can have a powerful influence on individuals. Obedience in psychology refers to the act of following instructions or obeying commands from an authority figure or conforming to societal norms.

  • A participant assigned the role of agent must either freely decide or receive orders from the experimenter to deliver or withhold a mildly painful electric shock to another participant (the “victim”) in exchange for €0.05.
  • The process by which individuals change their thoughts, feelings, or behaviors as a result of real or imagined pressure from others.
  • In the Stanford Prison Experiment, college age students were put into a pseudo prison environment in order to study the impacts of “social forces” on participants behavior.
  • Participants in the study reportedly faked their responses to leave early.
  • The experiments underscored the ethical and psychological implications of obedience, particularly in understanding historical events like the Holocaust.
  • Despite these concerns, the study provided valuable insights into human behavior and the influence of authority, prompting the development of stricter ethical guidelines in research.
  • Participants were told to make all of the instructed stress remarks to the confederate that ultimately made him fail in the experimental condition, but in the control condition they were not told to make stressful remarks.

In psychology, obedience refers to a person’s willingness to comply with demands from others, usually in a position of authority. Obedience includes considering social context, the authority and power of others, and personal morals and values. A variety of individual and social factors can impact the likelihood that a person will obey a leader. Surprisingly, Milgram found that 65% of participants were willing to deliver the maximum level of shocks on the experimenter’s orders.

October 29, 2024 by in FinTech

Should You See A Liquid-detection Alert In Your Iphone

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October 22, 2024 by in Sober living (1 Comment)

Learn What Spiritual Malady Is And The Role It Plays In Your Recovery

You’re not alone – there are plenty of people in AA who don’t believe in God, or who have trouble with the concept of a higher power. People in the rooms refer to this as a ‘god-sized hole’. It’s a void that we used to fill with drugs and alcohol. Once the substances are taken away we feel lost. We will try to fill this god-sized hole with anything we can. Spiritually, we have a difficult time connecting to a higher power.

The important thing is that you stay committed to your sobriety and continue working the program – eventually, everything else will fall into place. As we work towards this state of selflessness we find that we are slowly being relieved of the hopeless alcoholic state we once thought we were doomed to be in forever. It is constant maintenance of being spiritually connected with a god of your understanding. If we do not get spiritually connected with meditation or prayer with a power greater than us it will bring us closer and closer to that drink or drug.

The 12 Steps of AA: A Roadmap to Recovery and Renewal

  • I wanted to be able to have some integrity but I was not who I wanted to be.
  • He will presently try the old game again, for he isn’t happy about his sobriety.
  • It is the emptiness we feel on such a deep level that we turn to self-medication in order to alleviate the sadness and despair that go hand in hand with.
  • Without addressing this spiritual malady, we have absolutely no hope for intrinsic change or recovery.

You are merely instructed to be open to the idea that you are not the end all be all, that there exists out in the universe something that is greater or more powerful than yourself. Whatever you designate that power to be is up to you. However, you choose to interact with that higher power is also up to you. Whether you seek to engage in formal prayer, informal mental conversations, or merely by doing good and putting positive energy into the universe, there is no right or wrong way to pray to your higher power. Once you open up to this idea and implement that spiritual connection, you will experience your long-awaited spiritual awakening, the answer to that pesky spiritual malady we suffer from as alcoholics. Our recovery from alcoholism through the Steps must be a three-fold process.

Big Book ASL – Appendix II – Spiritual Experience

The 164 and More book is sold on this website at the Publisher List Price of $20.00 plus postage. The book may also be sold by Intergroup/Central Offices or recovery book stores at List Price  or slightly higher. But beware of others that sell the book marked up 400% or more. For the same money, you could buy 4 books and use 3 as sponsee gifts. Alcoholism didn’t need David to drink in order to continue trying to kill him, and in the end…it succeeded. In the end, instead of self abandoned…David abandoned hope…and discovered a bitter end.

A Spiritual Remedy for a Spiritual Condition

For me, the circle and triangle represents the Alcoholics Anonymous solution to alcoholism. It is a perfect overview of our three-part answer (unity, recovery, and service) to our three-part disease (physical, mental and spiritual). I also think that it’s important to note that there is a BIG differencebetween “the fellowship” and “the Program.” Both are important.

spiritual malady aa big book

For a while, that seemed to spiritual malady aa big book work for us but once we stopped using substances the discontentedness came back to the surface in sobriety. A spiritual malady can manifest itself in many different ways. For some, it may manifest as a feeling of being disconnected from others or as a sense of emptiness. For others, it may manifest as anger, anxiety, or depression. The bottom line, a true alcoholic or addict has no power to stop, avoid, or control their drinking. We begin to obsess and buy the lie because we want to feel the ease and comfort of the first drink.

If he did not work, he would surely  drink again, and if he drank, he would surely die. With us it is just  like that.” Thankfully, the “spiritual malady” is no longer a “missing piece” of Step One for me. It is a  reality of my powerlessness and unmanageability and enables me to see why I so desperately need to  seek a Power Greater than myself. And unless this malady is recognized, and a course of action (the  Twelve Steps) is taken to enable God to remove it, the root of our alcoholic illness can lie dormant and  burn us when we least expect it. Process requires for its successful consummation. But we saw that it really worked in others, and we had  come to believe in the hopelessness and futility of life as we had been living it.

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spiritual malady aa big book

First published in 1939, its purpose was to show other alcoholics how the first 100 people of A.A. Now translated into over 70 languages, it is still considered A.A.’s basic text. In conclusion, we find that alcoholism/addiction is not a disease but a spiritual malady. A malady that can be remedied with a simple, moral-spiritual approach, as instructed in the text of the Big Book of Alcoholics Anonymous. If you have found yourself or a loved one suffering from alcoholism or addiction, you are not alone!

  • In the end, instead of self abandoned…David abandoned hope…and discovered a bitter end.
  • We use everything and everyone, even when we stop using alcohol and drugs to cope with thesefeelings of being unsatisfied and uncomfortable in life.
  • Research shows that those brain changes that make it so difficult to put down that drink can be reversed thanks to the power of neuroplasticity — the brain’s ability to rewire itself.
  • When we have the first sip of a drink, or whiff of a drug, it is then controlling our bodies.

Comparison Table Between Illness and Disease

And some of us don’t develop an addiction…in attempting to meet these crying demands of our blocked spirit, we develop other malformations of behavior, and suffer in a hundred different ways. As an alcoholic, parts of my spirit are blocked off. My character, or basic nature, doesn’t work right. At its root, it is a fundamental and seemingly irresolvable insecurity…a hole that can’t ever be filled. It is an instinct run rampant, a desperate need for acceptance and love that cannot be met.

Is it not evident to all the rest of the players that these are the things hewants? And do not his actions make each of them wish to retaliate, snatching all they can get out of the show? Is he not, even in his best moments, a pro­ducer of confusion rather than harmony?

If you are an alcoholic, then you know you cannot just put the plug in the jug and quit. If it were as easy as not eating a peanut anymore, then you would have stopped long ago. We did exactly the same thing with our lives. First, we searched out the flaws in our make-up which caused our failure. Being convinced that self, manifested in various ways, was what had defeated us, we considered its common manifestations. Though our decision was a vital and crucial step, it could have little permanent effect unless at drug addiction treatment once followed by a strenuous effort to face, and to be rid of, the things in ourselves which had been blocking us.

October 18, 2024 by in FinTech

An update from CommonBond Communities

Additionally, always assess the necessity and feasibility of taking a loan, ensuring you can comfortably manage its repayment. This aligns not only with the growing environmental consciousness but also with the increasing demand for practical and feasible solutions for individuals looking to make the switch to solar power. By offering tailored financing options for both homeowners and solar installers, CommonBond addresses a critical need in the market, fostering a more sustainable and eco-friendly approach to energy consumption. Prioritizing transparency, Rocket Loans stands out for its absence of hidden fees and pre-payment penalties, providing borrowers with peace of mind.

Founded in 2012, CommonBond is one of the newer entrants into the student loan industry. Initially successful, it raised significant funding and disrupted the student loan market. You may also be able to get out of student loan debt through loan forgiveness programs. If you don’t qualify for public student loan forgiveness. You can check your rate for all of the lenders on this page in under 3 minutes.

Student borrowers have access to Money Mentors, who are essentially specialized customer care representatives who can help students beyond their CommonBond loan, such as with budgeting, building credit, finding internships, and more. Private lenders don’t have the same protections as the Federal government and are therefore neither obligated nor incentivized to offer forbearance, making CommonBond’s policy a huge advantage for student borrowers. For example, undergraduate student loan variable rates range from 3.31% to 9.29% and fixed rates range from 5.45% to 9.74%. On its FAQ page, CommonBond states that borrowers who are considering opting for forbearance or who anticipate encountering financial difficulties should call customer service for more information.

However, we warn that you may be disappointed by the results and recommend that only those who are sure of their financial situation apply. This isn’t very attainable criteria for many borrowers, even the most affluent ones. Unemployment, perhaps the most common form of financial hardship, may result in granted payment deferment, but we think it’s safer to say that cases are evaluated individually. While CommonBond’s policy is quite generous, qualifications for forbearance remain unclear. Our best guess is that you can reach a customer care representative between 9am and 6pm on weekdays.

Our Mission

CommonBond’s commitment to transparency, operational fairness, and delivering a positive customer experience further reinforces its legitimacy. However, approval is not universal, and applicants with credit challenges or insufficient income may face more stringent criteria or potential denial. Meeting the minimum requirements, including a certain credit score and income level, enhances the likelihood of approval.

CommonBond Email

In the dynamic landscape of financial services, CommonBond stands out for its innovative approach, particularly in the realm of residential solar financing. Their loans feature fixed rates and payments, ensuring borrowers benefit from stable and easily manageable repayment plans. A reputable and enduring lender in the financial landscape, OneMain Financial provides personal loans spanning from $1,500 to $20,000. One notable legal dispute involves Laurel Road Bank filing a lawsuit against CommonBond, Inc., alleging infringement of trade dress related to an advertising campaign for student loan services. If you are approved for a loan, the interest rate offered will depend on your credit profile, your application, the loan term selected and will be within the ranges of rates shown. A student loan marketplace will allow you to quickly and easily compare offers from multiple lenders, including CommonBond.

By the company’s launch in November 2012, $2.5 million had been invested by Wharton alumni and $1 million of seed funding was provided by a Wharton alumnus in return for a stake in the company. The beverage program includes a full-service coffee bar. The necessity of having a cosigner can be a hard hurdle to overcome for some students who may not have that kind of support immediately available to them. Additionally, we recommend that only students with surefire cosigners with whom they have a stable relationship opt for CommonBond.

CommonBond Student Loans: What happens if I can’t pay my student loan?

You can qualify for 3 months of forbearance at a time for up to 12 month. If you are eligible for and are granted forbearance with CommonBond, you’ll find that CommonBond’s forbearance policy is quite generous. CommonBond performs a soft credit pull that will not affect your credit score when you apply. Depending on the type of loan you are looking for, ranges may be higher or lower. Forbearance is offered for a total of 24 months over the life of the loan.

What Happened to CommonBond?

Borrowers using CommonBond’s student debt refinancing loan get access to some of the longest loan terms in the industry. As long as you have a sufficiently high credit score and aren’t an international student, you will likely be eligible for CommonBond refinancing. If you decide to continue with your refinancing application, CommonBond will request a full credit report that may impact your credit score. When you initially check your rates, CommonBond will perform a soft credit search that won’t show up on your credit score. The company also offers a 10-year hybrid loan where the first five years have a fixed interest rate and the last five years are at a variable rate. You may also need to provide additional documentation (including a government ID, proof of residency, etc.), as is typical of loan applications.

  • CommonBond student loans are some of the most competitive on the market with few, yet major, drawbacks.
  • Since then date, they have funded more than $3 billion in student loans and become a favorite amongst many borrowers.
  • Boasting an extensive network comprising approximately 1,400 locations, the company offers widespread accessibility and convenience for those in search of financial support.
  • This is quite a generous forbearance policy for a private student loan lender, but its unclear what the eligibility for forbearance is.
  • We’re on a mission to provide smart insight for all financial decisions.

The approval process is contingent on various factors, with creditworthiness being a crucial determinant. CommonBond offers solar financing with a borrowing range designed to accommodate various project sizes and needs. In each category, we carefully considered the most critical factors in selecting a lender.

Fortunately, for many graduates, refinancing can be a great opportunity to help with loan payments. You’ll need to consider factors like your xcritical interest rate, the length of your repayment term, and your overall financial goals. The company has one of the best forbearance policies and you can visit CommonBond to learn all of their options to see what they have for you. CommonBond members save over $24,000 on average and they don’t have https://xcritical.solutions/ any application fees, forbearance options, or prepayment penalties. CommonBond promises to jump-start your dreams with better loans & bigger savings.

  • CommonBond appears to be a good choice for certain student borrowers, but the necessity of having a cosigner can be a hard hurdle to overcome for some students.
  • If you are approved for a loan, the interest rate offered will depend on your credit profile, your application, the loan term selected and will be within the ranges of rates shown.
  • Based on customer complaints and the nitty gritty details of CommonBond student loans, we recommend that only student and cosigners with sufficient income and stellar credit scores submit an application.
  • You can check your rate for all of the lenders on this page in under 3 minutes.
  • The beverage program includes a full-service coffee bar.

An update from CommonBond Communities

The company uses technology and administrative protocols to protect the data it collects through its website. The most strict condition is that you must have graduated from one of 2,000 graduate programs and title IV accredited universities in CommonBond’s network. This means that, if a customer loses their job, CommonBond will temporarily pause payments and help them to find a new job. Lastly, CommonBond customers can intend in-person events held in the New York City CommonBond office.

Resident at Upper Post Veterans Community

While TCB will not be bringing social services to our sites (we will continue to do that), they understand and value CommonBond’s Advantage Services. Designed to help users make confident decisions online, this website contains information about a wide range of products and services. By using our content, products & services you agree to our Terms of Use and Privacy Policy.

CommonBond’s mission is to build stable homes, strong futures, and vibrant communities.

There are a lot of competing student loan companies and that’s good for you. Saving thousands of dollars on your student loan debt seems ideal, and that’s just what CommonBond promises. Now, CommonBond focuses only on loans for solar panels. She also spends her time volunteering and leading volunteer projects with the Good+ Foundation and Achilles International when not providing information on the best deals, products, and services on the internet to TopTenReviews readers.

Empowering communities, one home at a time.

All variable rates are based on a 1-month LIBOR assumption of 0.15% effective Oct 10, 2020 and may increase after consummation. All Annual Percentage Rates (APRs) displayed assume borrowers enroll in auto pay and account for the 0.25% reduction in interest rate. If you choose to complete an application, we will conduct a hard credit pull, which may affect your credit score. CommonBond claims that it saves customers an average of $14,000 when refinancing their debt. Additional features include employment support services. Additionally, the CommonBond website provides an in-depth FAQ section that covers the entire borrowing process and has pages specifically for students, graduates, and parents.

Vibrant communities.

Then select the type of loan that you would like to apply for. Enjoy our site, learn, form your own opinions, but consult a financial professional before making any major financial decisions. However, our content shouldn’t be considered financial advice and is intended for educational purposes only.

To start refinancing your student loans, you must be xcritical cheating a graduate. The company xcritically offers student loan refinancing and consolidation for loans over $5,000. If you’re looking for an alternative, check out our list of the best private student loans. The lender will continue to support its existing borrowers and said it will process open student loan refinance applications until June 1, 2022.

If, in the end, you decide that a private student loan makes sense for your unique situation, we recommend that you shop around to find the absolute best interest rate and terms. These loans typically carry lower interest rates and greater borrower protections than private loans. If you are pre-approved for a CommonBond student loan, they will offer you a range of interest rates and terms. Below, we answer the most common questions about CommonBond, including who they are, what types of student loans they offer, and more so that you can make an informed decision when applying for a student loan. However, the pandemic-induced pause on student loan payments and a failed pivot to solar loans led to its closure in 2022. You could also refinance your student loans to a longer term to help lower your monthly payments.

October 10, 2024 by in Финтех

Lender Invest: отзыв о платформе краудлендинга

Вывести деньги можно также на свой банковский счёт. Пополнить счёт можно рублями обычным банковским переводом по реквизитам, а также по СБП. Но это в самом идеальном сценарии, однако есть один момент – простой денег. С надёжностью у платформы всё в порядке, есть лицензия. Также Lender Invest является резидентом проекта Сколково с 2021 года. Инвестиционные платформы представляют собой как бы аналог брокеров на фондовом рынке.

  • В целом что я могу сказать, для меня платформа довольно интересная так как тут есть оригинальная идея с займам грузоперевозчикам – процент высокий, а срок займа очень короткий – можно быстро заработать.
  • С надёжностью у платформы всё в порядке, есть лицензия.
  • Для квалифицированных инвесторов ограничений по инвестициям нет.

Lender Invest: обзор и отзыв о инвестиционной платформе

Краудлендинговая платформа Lender Invest занимается выдачей займов маркетплейсам и грузоперевозчикам. Куда инвестировать ежемесячно небольшие суммы в 2024 компания xcritical году? Инвестируйте в маркетплейсы и получайте доход до 36% годовых на Lender Invest Второй риск краудлендинга это ликвидность – то есть возможность продать актив, в нашем случае займ, по цене близкой к рыночной.

Как пополнить счёт и вывести средства?

Для этого они отбирают заёмщиков, контролируют их работу и взыскивают долги, если дефолт всё-таки случился. Конечно, платформы заинтересованы в том, чтобы инвесторы получали свой доход. Инвестиции в краудлендинг связаны с риском и не застрахованы. Также платформа заявляет, что вскоре у неё появится автоинвестирование. Для квалифицированных инвесторов ограничений по инвестициям нет.

Максимальная и минимальная сумма инвестиций

Сейчас у платформы нет вторичного рынка займов, чтобы вы могли продать ваш займ досрочно, однако Lender Invest говорят что вскоре сделают такой функционал. Учитывая, что вам нужно проинвестировать для диверсификации в несколько компаний минимально я бы советовал пополнять счёт на руб минимум. Вознаграждения начисляются раз в месяц на ваш счёт после выдачи займа рефералу или инвестирования. Так вот у Lender Invest есть реферальная программа по которой вы получаете 0,5% от суммы инвестиций приглашенного инвестора. Дополнительным способом заработка на платформе является привлечение так называемых рефералов. Платформа заявляет, что на ней можно заработать до 36% годовых, это с учётом сложного процента.

Риски и особенности краудлендинга

  • Рынок таких платформ регулируется ЦБ по 259 фз, а средства, которые вы переводите платформе, хранятся на отдельном счёте с  которого платформа может только выдать деньги заёмщику, но забирать их себе не может.
  • Также Lender Invest является резидентом проекта Сколково с 2021 года.
  • Также платформа заявляет, что вскоре у неё появится автоинвестирование.
  • Так вот у Lender Invest есть реферальная программа по которой вы получаете 0,5% от суммы инвестиций приглашенного инвестора.
  • Внимание, минимальная сумма инвестиций на платформе 1000 рублей в одну компанию не важно грузоперевозки это или маркетплейсы.
  • Такое мало у кого есть в основном платформы выдают займы на 6, 12, 24 и даже 36 месяцев, а здесь всего 30 дней.

Так вот платформа позволяет владельцам магазинов на маркетплейсах получать инвестиции от сотен частных инвесторов на развитие своего бизнеса и пополнение оборотных средств. Основатель является финансистом, учредителем 3-х компаний и работал в private-banking Альфа-Банка. Сколько на ней можно заработать и насколько надёжна эта платформа?

Сколько можно заработать в Lender Invest?

Lender Invest в основном специализируется на выдаче займов маркетплейсам под ставку примерно 30% на срок где-то 6 месяцев и  грузоперевозчикам под ставки примерно 25%, но срокам всего на 30 дней. Оператором инвестиционной краудлендинг-платформы является ООО «ЛЭНДЭР-ИНВЕСТ». Обычно на таких платформах встречается множество инвесторов которые хотят дать деньги в долг и множество компаний, которые хотят взять деньги в долг. Рынок таких платформ регулируется ЦБ по 259 фз, а средства, которые вы переводите платформе, хранятся на отдельном счёте с  которого платформа может только выдать деньги заёмщику, но забирать их себе не может. Итак, для тех кто не знает кратко напомню, что краудлендинг — это предоставление займов под финансирование малого и среднего бизнеса, через инвестиционные платформы. Из этой ситуации может быть выходом вторичный рынок займов, но в Lender Invest его еще нет, однако они обещают обещают сделать такой рынок.

В чем отличие Lender Invest от других платформ?

В целом что я могу сказать, для меня платформа довольно интересная так как тут есть оригинальная идея с займам грузоперевозчикам – процент высокий, а срок займа очень короткий – можно быстро заработать. Второе направление инвестиций как я уже сказал – грузоперевозки и там есть займы всего на 30 дней под ставки примерно 25% годовых. Такое мало у кого есть в основном платформы выдают займы на 6, 12, 24 и даже 36 месяцев, а здесь всего 30 дней. Однако у платформы есть и минусы – неудобная система того, что займы нужно “ловить” в первой половине дня особенно по грузоперевозкам https://xcritical.club/ и то что компаний не так уж и много. Дело в том что займы вы даете например на 6 месяцев и если вы захотите вернуть деньги раньше 6 месяцев это сделать не получится, нужно ждать окончания займа. Внимание, минимальная сумма инвестиций на платформе 1000 рублей в одну компанию не важно грузоперевозки это или маркетплейсы.

October 9, 2024 by in FinTech

Find Out About Bitcoin, Crypto Trading, Nfts & Web3

The buyers are rewarded with digital tokens instead of a cloth product or a inventory at a company, which might solely acquire in worth within the occasion of a profitable project. Disaster response is a important component of any organization’s threat management technique. It entails the actions taken to address and mitigate the influence of a crisis state of affairs. Effective crisis response can shield a corporation’s reputation, preserve stakeholder belief, and guarantee enterprise continuity. A pre-launch checklist is a vital initial exchange offering (ieo) device that helps guarantee all necessary steps are taken before introducing a product or service to the market.

Mastering The Chatgpt Api: Sensible Developer Guide

ieo meaning crypto

They involve the sale of securities and regulatory compliance but differ in the kind of Smart contract securities being offered and the regulatory requirements concerned. ICO, popular within the crypto and blockchain communities, includes the difficulty of new digital tokens or currencies. Initial public providing entails a company selling its shares to the general public for the primary time in compliance with market laws and obligatory disclosures. An IEO is a crypto project funding strategy the place an trade platform permits the selling of IEO tokens to its customers. The exchange undertakes a screening process to make sure the project’s validity and sustainability earlier than distributing its tokens to the exchange’s user base.

Upcoming And Recent Ieos

Media relations involve constructing and sustaining a positive relationship with journalists, editors, and different media professionals. This is essential for any organization looking to improve its public image and communicate effectively with its viewers. Token distribution refers to how tokens are allocated amongst numerous stakeholders in a blockchain project. The competitive panorama refers to the analysis of the competition within a market.

This structure supplies a number of advantages for each the project and investors. Understanding the authorized necessities and adhering to them be sure that your project sails easily. Many well-known crypto exchanges require that initiatives conduct authorized checks to make sure that the tokens they offer are utility ones. If you lack authorized expertise, it’s essential to rent the companies of a lawyer who understands laws that guide ico ido ieo. The change you choose in your ieo full form crypto makes a big difference in figuring out your project’s success price. The platform handles the whole process in your behalf and provides IEO PR providers.

How Each Crypto Fundraising Model Works?

  • It additionally aids in selecting the proper marketing channels and ways to succeed in them effectively, which is essential for creating a content technique.
  • At a high level, you ship textual content or binary payloads and receive structured responses — completions, chat messages, embeddings, or file-based fine-tune artifacts.
  • Token properties outline its value which may tackle the form of discounts for items, access to miscellaneous companies or preferential proper to buy goods.
  • After you’re accomplished with that, take a look at the cryptocurrencies you can use to contribute to the IEO and fund your account with a coin that is accepted in the crowd sale.

It helps in conveying the proper message to the audience and stakeholders. The technique should outline how information shall be shared before, during, and after the launch. Key messages that resonate with your viewers must be recognized, and a number of channels for communication, including social media, email, and press releases, ought to be utilized.

ieo meaning crypto

There appears to be no good answer to this problem other than giving a big chunk of coins to the trade forward of time and promoting them at a onerous and fast price, which essentially becomes an ICO. The content published on this website is not aimed to provide any sort of financial, investment, trading, or any other form of recommendation. BitDegree.org does not endorse or recommend you to buy, sell or hold any type of cryptocurrency. Earlier Than making monetary investment selections, do consult your financial advisor. DeepSeek API has emerged as a specialised toolkit for developers and researchers who need granular, semantically wealthy entry to crypto-related paperwork, on-chain information, and developer content material.

This publish breaks down how the API works, core endpoints, implementation patterns, operational concerns, and sensible tips to get reliable results while managing value and threat. Use streaming to improve perceived responsiveness for chat-like experiences or lengthy outputs. Streaming reduces time-to-first-token and permits progressive rendering in UIs.

Rapid Innovation can assist in growing data-driven ambassador programs that utilize AI to identify key influencers and optimize outreach efforts, guaranteeing most engagement and return on funding. At Rapid Innovation, we leverage our expertise in AI to reinforce the security audit course of. By using superior machine learning algorithms, we will automate vulnerability scanning and danger assessments, allowing for quicker identification of potential threats. This not only improves the effectivity of the audit process but additionally ensures a more strong security posture for our purchasers, ultimately leading to higher ROI. Our method includes complete assessments such because it security audit and infosec audit, making certain all elements of security are lined.

For this reason, we advise folks to not invest in cash where circulation provide is small and not evenly distributed. IEO, or Preliminary Exchange Providing, means a project will get listed on an trade immediately with out going by way of an ICO. We see more of these kind of token issuing in international locations where ICOs are restricted. Members ship donations via the platform that hosts the IEO, as opposed to ICOs, where contributions are delivered to good contracts. For integrated AI research and ratings, see Token Metrics which demonstrates how semantic retrieval could be https://www.xcritical.com/ paired with model-driven analysis for structured insights. Track token utilization by endpoint and user journey, set per-key quotas, and sample outputs somewhat than logging everything.

By following a radical pre-launch guidelines, businesses can reduce dangers and improve the chances of a profitable product launch. At Speedy Innovation, we leverage superior AI instruments to analyze market information and shopper conduct, enabling our purchasers to outline their audience with precision. By utilizing machine studying algorithms, we can establish patterns and trends that inform efficient channel choice, guaranteeing that advertising efforts yield maximum ROI.

September 30, 2024 by in Forex Trading

Octa FX Broker Review in 2025

You’ll be asked to choose between a real or demo account and select your preferred trading platform. It provides unlimited access, real market data, and complete platform tools. Octa’s Forex demo account suits both beginners and experienced traders.

Opening an account with OctaFX

We do our best to provide fast and efficient processing, but unfortunately, we sometimes experience some shortcomings. I have lost opportunity of being in the market for 6 days and it seems Octa does not care at all despite my plea to them numerous times per day trying to understand what the issue is. No one can give me a precise answer what is happening with my money deposited into their bank account, its been 6 days of agony and anger.4. Placed a deposit but cancelled and haven’t received my refund after almost 2 weeks now the customer support is just an AI and doesn’t ever get to someone real I don’t even know if I’ll get my refund back After carefully reviewing your account, we can confirm that your deposit has now been successfully credited.We regret that the process took longer than expected.

Are there any commissions or hidden fees on Octa?

Octa has struggled with pricing in the past, but has vastly improved in this category and is now gaining on the lowest-cost MetaTrader brokers. By comparison, industry leaders Saxo, IG, and CMC Markets all offer over 10,000 tradeable instruments. Trust Scores range from 1 to 99 (the higher a broker’s rating, the better). Use our country selector tool to view available brokers in your country. We also review each broker’s regulatory status; this research helps us determine whether you should trust the broker to keep your money safe.

Octa Web Platform

Tailored for both experienced brokers and newcomers, it equips affiliates with the tools and rewards needed to create a consistent, scalable income stream. Traders can fund or access their accounts without worrying about extra transaction costs, making the platform cost-effective and user-friendly. Both OctaTrader and MT5 accounts share this fee model, ideal for traders who value simplicity and transparency. Octa offers broad asset access and customizable leverage to suit various trading objectives. Working like a personal trading coach, it offers actionable insights based on real-time data.

Trading with Octa – Immediate Advantages and Disadvantages

Instant deposit & fast withdrawal. Best is there is additional trading points given for every trade. Brokers giving up to 50% bonus credits for all deposits. Fast withdrawal and deposit!

Why you can trust FXEmpire

As for education, I found Octa https://lunarcapital.vip/ provides a consistent stream of webinars with professional traders through a live trading session aimed at all levels. The broker provides a decent research service through its Space feature on the OctaTrader platform which provides a range of technical analysis ideas on the platform for free. My experience with Octa’s customer service was largely positive thanks to its 24/7 customer support and impressive AI live chat service. I think this is a sweet spot for the majority of traders unless you are seeking less popular markets or specific stocks to trade. Octa has 52 forex pairs for CFD trading including forex majors like USD/JPY, AUD/USD, and EUR/USD as well as minor and exotic pairs. Although the range is limited compared to most brokers, you don’t pay swap fees saving you additional costs if you hold positions longer than 24 hours which is a bonus.

While partners may pay to provide offers or be featured, e.g. exclusive offers, they cannot pay to alter our recommendations, advice, ratings, or any other content throughout the site. He heads research for all U.S.-based brokerages on StockBrokers.com and is respected by executives as the leading expert covering the online broker industry. He holds a Bachelor’s Degree in English Literature from San Francisco State University, and conducts research on forex and the financial services industry while assisting in the production of content. An experienced media professional, John has a decade of editorial experience with a background that includes key leadership roles at global newsroom outlets. A forex industry expert and an active fintech and crypto researcher, Steven advises blockchain companies at the board level and holds a Series III license in the U.S. as a Commodity Trading Advisor (CTA).

The broker has been operating for 13 years so far. We hope, with these insights, anyone interested in Octa trading opportunities could decide whether to invest in them or not. This Octa review aims to give a clear view of the broker and its services. Clients using the OctaTrader, MT4 or MT5 account do not have to pay swaps. However, there is a markup on the spreads. Octa does not charge any deposit/withdrawal commissions.

OCTA offers 260 CFD instruments across currency pairs, commodities, shares, indices, and cryptocurrencies. I appreciated that the app is packed with advanced market analytics, helping traders spot potential opportunities even on the go. It supports one-tap trading, watchlist customization, and trading alerts. The ‘Space’ and ‘OctaVision’ tools are nice additions, greatly enhancing the platform’s capabilities.

OctaFx Compared to Other Brokers

I found that Octa is regulated by the Cyprus Securities and Exchange Commission (CySEC) for European traders under its Octa Markets LTD entity based in Cyprus. The broker has also been operating for 12 years, which is a strong signal of safety in my book. It is regulated by the FSC in Mauritius, the LunarCapital cheating Mwali International Services Authority (MISA), and CySEC for European traders. I think having Octa Copy is a good alternative for beginners or those who don’t want to invest their time in learning how to trade.

With approximately 165,000 monthly Google searches, it ranks as the 16th most popular forex broker among the 65 brokers analyzed. A nice feature I liked was the order ticket showing your potential profit and loss in monetary value compared to just in pips like other platforms. I found the signals to clearly demonstrate the trading idea and the market commentary is a nice touch to help explain the move.

  • However, its analytical tools and chart configurations are very limited.
  • This makes OCTA an attractive option for traders who hold positions overnight.
  • Octa’s Invite-a-Friend program lets traders earn extra income by referring friends at no cost.
  • Octa provides a secure trading environment through segregated accounts, SSL encryption, and strict verification protocols.
  • On the other hand, the broker charges elevated spreads on instruments from certain asset classes, including crude oil and indices.

OCTA has also created a detailed 11-lesson video course that dives deeper into core areas like chart analysis, market fundamentals, and building the right trading mindset. The broker’s YouTube channel hosts over 400 educational videos and past webinars, tackling topics as simple as the ABCs of trading and as complex as Elliott Wave strategies. I liked its innovative market trackers, sophisticated market breakdowns, and featured trading ideas. When trading Contracts for Difference (CFDs), positions can be opened for a fraction of their value because of leverage. When we test a broker’s customer support, we evaluate the agent’s knowledge of their own website, how long it takes them to respond to questions, and how detailed their answers are. It also offers support via email and has developed a FAQ section for more general questions.

  • Thus, it enables Muslim traders to develop their skills ethically while confidently accessing global markets.
  • Please don’t put all hard money in this platform.
  • Octafx is a tested and trusted broker.Instant deposit and instant withdrawal made this broker, a must broker to trade with.The bonuses offer of LunarCapitalfx is a great support for traders like us with s…
  • If you still encounter any issues, please provide more details about the deposit you’re referring to on our official social media in DM.
  • With Octa being an ECN broker, I found MetaTrader 5 can utilise its advanced features like depth of markets tool for you to analyse market order flow.

His expertise is swing trading and day trading with a heavy emphasis on psychological and fundamental analysis. Having been a retail trader since 2013, Plamen has gained an in-depth understanding of the challenges that novice traders face today. Overall, OCTA’s offering is well-suited for long-term traders, investors, day traders, and copy traders alike. While spreads on EURUSD and share CFDs are impressively tight, costs on commodities and indices—especially crude oil—are noticeably higher than average. When stacked against competitors, OCTA lands in the mid-range for fees.

What Can You Trade on Octa’s Platform?

Service wisely super good but on deposit and withdrawal your company using others account… A few users have also mentioned issues with the MT5 platform and concerns about spreads.See more However, some reviewers have reported inconsistencies in deposit verification times and a discrepancy between deposit and withdrawal rates. The availability of responsive and helpful customer support also stands out, with users noting the clear and professional assistance they receive.People value the platform’s improvements and the convenience of managing trades on the go through the mobile app. Many consumers have reported smooth and timely deposits and withdrawals, with some specifically mentioning the speed and transparency of these processes. At FXEmpire, we strive to provide unbiased, thorough and accurate broker reviews by industry experts to help our users make smarter financial decisions.

OCTA has developed a sophisticated OctaTrader platform integrated with AI-powered market research. The OctaTrader platform combines a sleek design with detailed, easily scalable charts, making it a great fit for day traders. OCTA doesn’t charge swap fees for all available instruments, so you can trade overnight at no extra cost. When reviewing a broker, we assess whether it suits different trading strategies and trader profiles. Notwithstanding the areas in which OCTA is yet to make improvements, I deem the broker an excellent fit for long-term traders, investors, day traders, and copy traders. Octa broker provides transparent conditions, and when I heard about zero fees on swaps, I thought they were just kidding on us.

The platform is easy to use, even for beginners, and it offers fast execution with almost no sli… I have had good experience until recently (last Sunday) when I was withdrawing funds from my account. Prevention of copy traders Stop-losses Octafx is a good app to invest or trade in forex. I have been using OCTA FX for many years yet recently I felt NOT SATISFIED with OCTA MT4 platform spread which is much BIGGER than other well known brokers so the result is some EA’s will result eithe…

The OctaTrader account offers the best overall conditions of the bunch, but it doesn’t support algorithmic or stock trading. The main difference between OCTA’s accounts lies in the trading platform they use. OCTA also supports the popular MT4 and MT5 platforms, both of which are ideal for algorithmic trading. On the plus side, the broker offers swap-free trading and doesn’t charge any non-trading fees. OCTA has also carved a reputation for itself as a broker that offers swap-free trading for all available instruments and at no extra cost.

However, the minimum deposit amount may vary depending on your region and the payment method you choose. What is also great, there are no charges for deposits so you won’t pay any commission, however always define it with your payment provider or Bank itself as an international rule varies from one jurisdiction to another. Yet, if you still prefer to use high leverage, the international entity of Octa Leverage still allows so. This means that European traders or those clients that are registered with Octa European entity will fall under ESMA regulation Leverage. The risk level is defined also by the leverage level you use since higher leverage dramatically increases your high risk of losing money as well.

How to open Octa Live account?

You can open a demo account with unlimited funds and no expiration giving you ample time to test each platform to see which suits you best. One of Octa’s impressive features I found was the no swap fees on all of its accounts. If you want to see how Octa’s spreads compete with other Malaysian brokers, I created a simple trading cost tool that you can use. The spreads on the MT5 account were stable in my tests during the New York and Asian trading sessions. I opened an MT5 Trading Account to test the broker’s trading conditions and I was impressed with the spreads Octa supplied. Unlike most ECN brokers, Octa only provides spread-only Standard accounts (i.e. a commission-free account).

However, as the company developed the broker Octa established its legal entity in Cyprus and respectively got a license from the local CySEC, which also imposes regulations according to European ESMA standards. Octa International is useful since it provides a complete learning center, including webinars, videos, and articles, also various research and promotional tools are appealing too. While obviously, Octa Cyprus is more trusted, the international proposal features more comprehensive tools and conditions along with education and research materials and MT4 availability.

With zero commissions, no deposit or withdrawal fees, and tight floating spreads from 0.6 pips, it provides affordable trading. Both platforms are secure, mobile-compatible, and designed for modern trading, enabling traders to choose the interface that matches their skills and objectives. Octa delivers two robust trading platforms tailored to different experience levels. Octa offers 277 trading instruments, including CFDs on 150 global stocks, 52 forex pairs, precious metals, energies, indices, and 34 cryptocurrencies. Octa is a well-regulated and dependable CFD broker offering competitive spreads across more than 300 trading instruments. OctaFX’s no-fee policy for deposits and withdrawals, combined with its competitive spreads and high leverage, creates a cost-effective trading environment.

OctaVision is Octa’s intelligent AI tool built to help traders boost their performance. Thus, traders can work with the software that best meets their needs. Octa lets you select a platform that fits your style – whether it’s the beginner-friendly OctaTrader, the classic MetaTrader 4, or the advanced MetaTrader 5.