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There is a large number of Forex trading brokers available offering different types of accounts. You need to decide which one is best for you and that matches your trading goals. It will be easy to decide if you read some good FOREX broker reviews and get details about current trading methods.
Wiki User
∙ 8y ago
Wiki User
∙ 9y agoA trusted Forex Broker should possess the following key qualities:
1. Should be regulated with an internationally known, and accepted financial regulator. A broker with multiple licenses from different regulators is more secured. For example I would be confident, and secured with a broker that has multiple licenses like FCA (UK), NFA/CFTC (US), CySEC, FSC, e.t.c. (i.e a mixture of licenses from European bodies).
2. Should operate on ECN/STP or Currenex account platform (although this does not make a broker 100% trusted).
3. Should have a very good history of customer satisfaction with regards to support services, easy withdrawal & deposit methods.
4. Should be free from scam related issues.
5. Should be stable, integrity, opened, honest, and transparent.
There are lots of brokers that possess these qualities but you have to decipher, which of them suits your trading personality, and budget.
An example of a trusted broker is HotForex.
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What is trading 212?
Trading 212 is an international forex broker.
What is the best website for Forex trading?
There are many brokers out there to choose for your successful Forex trading such as Admiral markets, FXCM, Alpari, Greenvault FX, FXPro,etc... so try to choose a trusted Forex broker by evaluating their services and also who satisfy your needs.
What is the name of one broker that offers Forex trading in the UK?
One broker that offers Forex trading in the UK is 'Plus500'. They allow one to start trading in Forex with as little as å£200 and one can open an account using a credit card or PayPal.
What exactly is Forex trading?
Forex trading means foreign exchange. One will find that Forex trading has some risks involved. One will need a broker for this as one may earn (and sometimes lose) money.
What does Broker Forex specialize in?
Broker Forex specializes in trading in currency differentials. In particular they speculate on whether a particular currency will rise or fall and hedge money based on this.
Which websites can assist with Forex trading in India?
Forex4you is one of the best forex trading platforms in India. A forex broker is a financial services firm that offers its clients the ability to trade foreign currencies. Through forex4you you can trade forex in India through a regulated, local forex broker.
What is the best way to do forex trading?
One of the best way to do Forex trading is to try your hands free on demo account with a trusted Forex broker which help you to learn more about the Forex market and which in due course you can convert it into real account.I too started trading with a FSP registered and FSCL regulated Forex broker Greenvault FX by first practicing a demo account.
Is FOREX trading a good idea?
Yes it is nice but risk factors will be there. that risks will resolved by trading broker like integerfx.
Is FOREX an online foreign exchange broker?
FOREX is an online foreign currency broker. They offer foreign currency trading online. It is like eTrade but instead of investing in stocks, you invest in currency.
Can you become a millionaire from Forex trading?
Yes, you could become a millionaire from Forex trading, a lot of people have, but they had 50k to 100k to start with. If you are going to get a Forex account, look for an ECN broker (good) and learn what a market maker is (bad).
How does CFD and Forex trading work?
If you are an individual and not a firm, you can open an online account with a broker. The advantage of trading with a broker is that your broker provides you with leverage. For example, NordFX will muliply your funds by 1000 and you will get profits thousand times higher!
what is forex trading?
Forex trading with low and stable spread. Access the global forex market and trade the world’s most popular currency pairs with better-than-market conditions. Take the currency market by storm and trade currencies on award-winning Forex trading platforms with a broker that processes over $3 trillion in monthly trading volume
