Forex Brokers Are The Top 5 Best
Till about a decade ago, you had to make use of the telephone if you wanted to. You had to call up your broker for placing as well as closing orders. Introduction of online trading has, however, simplified every aspect of the investment process. You can carry out trades from the convenience of your home or on-the-go using the platform provided by brokers. Sounds simple, but the problem is there are umpteen number of forex brokers that offer trading platforms out there in the market. And, you need to work with the best forex broker if you want to achieve your financial goals.
So, it all boils down to identifying the right broker to work with and it is definitely not an easy task. Read on to find out as to how you can identify the best forex brokers. In this post, various aspects you need to take into consideration when choosing a forex broker are discussed in detail so that the selection process becomes simpler and easier for you. Top Recommended and The Best Forex Brokers for 2018 Broker Info Bonus Open Account Min Deposit: $100 Spread: From 0,2 Pips Leverage: 1:200 Regulation: FCA UK (#186171), CySEC (#259/14) 10% Welcome Bonus up to $5,000 Min Deposit: $1 Spread: From 0 Pips Leverage: 3000:1 Regulation: CySEC, IFSC $50 No-Deposit Bonus, 100% Deposit Bonus, Lucky T-shirt, iPhone 6s Plus Min Deposit: $5 Spread: From 0.2 Pips Leverage: 500:1 Regulation: FSA (Saint Vincent and the Grenadines), FCA UK (#679306) 50% Deposit Bonus, Real contest 1st prize Luxury car BMW X5 M, Copy trading, Trade&Win. It is highly recommended that you choose only forex brokers that are regulated or authorized by leading regulatory bodies such as Commodity Futures Trading Commission (CFTC), National Futures Association (NFA) and Financial Conduct Authority (FCA in UK), among many others. This is because regulated brokers are more reliable than their non-regulated counterparts.
Further, your hard earned money remains safe with such brokers for two reasons: they will be appropriately capitalized and they maintain segregated accounts for theirs as well as traders’ funds. #2: Forex Trading Platform The that recommended forex brokers provide would not only be simple, but also intuitive and easy to operate or navigate. It, therefore, makes sense to try out a few online forex platforms and see for yourself as to which one has a better user interface and is easily navigable. #3: Customer Support Services Customer support is a key aspect that you need to evaluate. Best Fx brokers would often be aware of the needs of the traders and provide good, efficient and responsive customer support services. During the course of trading forex on an online broker’s platform, there will be times when you need certain time sensitive clarifications.
If the customer support service of the broker you are planning to work with is not good enough, you could end up losing money. It is, therefore, recommended that you evaluate the brokers’ customer support service both by speaking to their representatives on telephone and by communicating with them through email. #4: Leverage Options Leverage offered for forex trading varies from one broker to another. If the leverage is high, the trader can make more profits.
Here’s our top 5 of the best forex brokers for MT4 ECN of 2018 (or you can have a look at out list of the best ECN forex broker UK, or the general one of the best STP ECN broker.). (This post is part of the top forex brokers series). Swissquote received 4.5 stars in several categories including offering of investments, research, and customer service – where it finished best in class (top 5) among 20 brokers. Swissquote’s Switzerland entity is one of the few forex brokers that can offer traders a Swiss bank account.
True.those $433,347 are REAL dollars.Not some demo account or some back-tests.but real money that can buy real things.produced by the century's most robust, profitable and easy to use Forex robot! Home Real Money Forex Robot Real Money Forex Robot. Top Expert Advisors November 2018. Top Expert Advisors November 2018 – Best Forex EA’s – FX Robots Dear fellow Forex trader, Welcome to this 100% free testing website. Price: $299 (1 REAL & 1 DEMO Account, FREE UPDATES & SUPPORT). forex robot free real money MFM7 is a new Forex robot that’s built to work with every single pair available. The developer of the software goes by Matthew and doesn’t share his last name. Maybe he prefers to be a single entity like Cher, just kidding.
However, the risk of accumulating losses is also equally higher. Therefore, you should choose a broker that offers leverage suiting to your needs and based on your style of trading. #5: First Deposit Bonus Brokers often try to attract you by offering high capital bonuses when you make your first deposit. This is good because you get more money for trading. You can choose the broker that offers the highest first deposit bonus, but you should make sure other aspects discussed above and those that are discussed below suit your needs.
Top International Forex Brokers
#6: Deposits and Withdrawals It is important that you understand the brokers’ policies related to deposits and withdrawals. The features to be evaluated when choosing top forex brokers are minimum amount to be deposited to start trading, deposit methods offered, currency options provided, minimum withdrawal amount specified and waiting time for withdrawals, among others. Further, it makes sense to go through all other written policies in detail. #7: Trading Costs Brokers make money by charging a fee for each of the trading transactions that you execute on the forex trading platform provided by them. As far as the broker and you are concerned, the significant source of revenue would be the spread, the difference between ask and bid prices. It pays, therefore, to check as to how the brokers you have shortlisted handle spreads: Do they offer fixed or variable spreads?