If you are new at this Forex business, you are probably wondering how to find the top Forex brokers in the world. After all, you can earn a lot of money from Forex trading, especially if you find a reliable broker and stick with them for a while. So, what do you need to look for in order to determine who the best Forex brokers are in the world? Here is a quick list of the top 10-Forex brokers in the world today.
Before you open an account with a Forex Broker in any country, there are a few things that you need to know to ensure you get a good broker. The first thing that you want to do is to research the brokers online reputation. Here’s the top list of points to think about before selecting a Forex Broker from one country to another.
Get all the information about foreign exchange brokers minimum account balance, margin requirement, brokerage, and product offerings, platform offered, etc. Look at some reviews about forex trading software and platforms from independent organizations and from users. Forex brokers do not publish information for free but they normally have a reputation management firm who tracks and publishes consumer perceptions of their trading service and software. For instance, here’s a review of Metatrader, the most popular platform and software used by forex traders worldwide:
Forex Brokers by Country. Here is the second tip for finding the right foreign currency broker by country. Find a broker in your country that has an established and strong customer service reputation. You can easily find information about forex brokers from brokers’ websites, blog sites, and even from forex forums. This will give you an idea of how the broker will treat you as a customer and how well they plan to serve you. Also, remember to check whether they have a license to operate in your country and if they are members of the Association of Foreign Exchange Brokers or other such associations.
When looking for the best Forex Broker in the World or Top 10-Forex Brokers in the World, I went through many websites and read countless reviews. I actually tried using one or two but I found that they were just too high-priced for me. And the reviews on some of them said that they failed to make any money with Forex trading!
But it wasn’t until I started using one myself that I discovered how much difference a good broker can make. It’s not just the fact that they give you winning trades, it’s the fact that you can get Forex signals sent directly to your desktop. I also discovered the fact that Forex brokers now trade more than one currency pair. You can now trade: EUR/USD, USD/JPY, GBP/CHF etc. They even trade stocks, commodities, and futures!
So my advice to you is that if you want the best Forex Broker in the World to help you start with, then you have to follow these few simple rules. You must make sure that your broker can receive the latest trading updates from all the major worldwide markets (to give you the most accurate information). And finally you need to find one that has a live customer support telephone number so you can call up any time for any questions or to enquire about any of the best Forex brokers in the world.
FXCM – The best thing about FXCM is that they have an online interface for their clients. This allows brokers all around the world to access their account at the same time. Also, they have excellent customer service and are very reputable. One of their specialties is their service to European businesses. Therefore, if you have a European company, FXCM is a great place to start when you want to get help with your Forex trading.
E-Toro – Also known as Hector Trader, E Toro has a very easy-to-use trading platform, and many feel this is one of the reasons why they are so popular. You can find a demo account with E Toro, and you can even find a live account if you would like. This broker provides a lot of research tools on its website, as well as tips on determining where buy or trade depending on the current market conditions. This is a good place to start, because you will learn a lot with this broker.
TradeStation – This is perhaps the best broker available, because it is highly integrated. When you log into TradeStation, you will see your account, your charts, and even your charts are automatically updated. You can see which currencies are moving in the Forex market, and you can get an accurate prediction of when the currency will be dropping in value.
Metatrader – This is an excellent platform if you are just getting started in the Forex world. It comes free with every Forex software package. You have access to all of the tools you need, and many of them are built into the Metatrader platform. However, it is important to remember that most people do not know how to utilize these tools, and if you are lacking experience with Forex trading, you should learn how to use these before installing Metatrader.
E*TRADE – This is a great place for beginners to start. In order to get a good understanding of how to Forex trade, you need to know how the prices of different currencies move during certain times of the day. If you are new, this is the best platform you can use. There are many tutorials available, and many of them can be found on the Internet. E*TRADE also has several demo accounts that can give you a feel for the software.
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