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 Forex
QUESTIONS ANSWERED...


How Can I Get Started With Forex?

Answer...

Step 1: Choose a broker and create an account

Step 2: Take the trading platform in hand

Step 3: Train on a demo account

Step 4: Make your first deposit

Step 5: Start trading in real money

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What should I look for in a Forex Broker?

Answer...

1. Commissions:

2. Spread

3. Rollover

There are NO guarantees of success, no matter which system, strategy, or program you might be using. A good rule of thumb is that if someone PROMISES you success in trading, you will likely experience the exact opposite of that. Don’t hand over your money for what they are trying to sell you. So, while “Is Forex Trading Expensive?” can be relatively easy to answer in terms of transactional costs as listed above, there is always the chance that your actual trading capital can be lost and that’s the part of trading that can make it expensive.

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Order Execution: Available execution methods can depend on whether the broker is a principal dealer acting as a market maker, and/or if they are an agency-only broker relying on third-party dealers (liquidity providers). Other execution methods, policies, conditions, or available order types can vary (including premium or free trade protection tools such as guaranteed stop-loss orders, fill-or-kill or fill within a maximum deviation range) can vary from broker to broker.
Company Policies and History: As part of every investors due diligence process, steps to help ensure account security should include verifying a firm’s regulatory licenses and its legal obligations in safeguarding clients’ money. It is also important to review the customer agreements, read up on the company's history, and verify that its primary offices are located in a well-respected country, if not your own. What is the best forex trading course?
The names, products, services, branding/logos, and other trademarks or images featured or cited within this Website (www.forexbrokers.com) are the property of their respective owners and the owners retain all legal rights therein. These trademark holders are not affiliated with ForexBrokers.com and the use or display of names, trademarks or service marks of another is not a representation that the other is affiliated with, sponsors, or endorses ForexBrokers.com or any of its reviews, products, or services. ForexBrokers.com declares no affiliation, sponsorship, nor any partnership with any trademark holders unless otherwise stated. Is it easier to make money in stocks or Forex?
Most regulated brokers are mandated by their respective regulatory authorities to provide their clients with the latest, powerful, and easy-to-use trading platforms. In fact, most of their platforms will readily provide you with all that you need to begin trading immediately. You’ll get a lot of educational materials including webinars, videos, articles, seminars, and e-courses at no extra charge. It goes without saying that regulated brokers also offer their clients free demo accounts to help them sharpen their skills before going live. How does IQ option work?

OANDA is one of the earliest pioneers of the retail forex industry. Having roots in academia, the company built its reputation, product offerings, technology, and customer base to the point now that it’s one of only two forex-only brokers in the U.S., and also serves customers throughout the U.K., Singapore, Canada, and Australia. Since the company’s inception back in the 1990s, OANDA has been at the forefront of retail forex, offering the latest trading technology and services to a global customer base.
Company Policies and History: As part of every investors due diligence process, steps to help ensure account security should include verifying a firm’s regulatory licenses and its legal obligations in safeguarding clients’ money. It is also important to review the customer agreements, read up on the company's history, and verify that its primary offices are located in a well-respected country, if not your own. Do Forex traders pay taxes?
If you’re looking to become a successful Forex trader, then working with a skilled and trustworthy broker is very crucial. in the Forex market, the two main types of brokers you’ll get include the regulated and the non-regulated brokers. Obviously, the former typically operates under regulations stipulated by a forex regulator. Regulated Forex brokers must also be fully licensed and registered in their country of operation, unlike their non-regulated counterparts.
It’s an open secret that most of us like to deal with trusted organizations, especially when money is involved. That being said, the credibility of any Forex broker is greatly enhanced if the company is regulated by the relevant agencies. Remember that all regulated forex brokers are mandated to follow some strict rules put in place by their respective regulatory bodies. Furthermore, their regulatory bodies expect them to regularly present a copy of their audit report. Therefore, if a broker is listed on its regulatory body list, then it’s safe to say that the Forex broker has fully complied.
Interactive Brokers (IBKR) took second place with a wide range of top-tier regulatory licenses. Interactive Brokers provides traders access to 6,100 CFDs (up from 4,217), 115 forex pairs (up from 85), global exchange-traded products, US-traded bitcoin futures, and much more, including powerful research tools. IBKR’s removal of its previously steep minimum account opening deposit (down to $0 from $10,000) was a major milestone in 2018 that enhanced its offering to a wider audience.

If you’re looking to become a successful Forex trader, then working with a skilled and trustworthy broker is very crucial. in the Forex market, the two main types of brokers you’ll get include the regulated and the non-regulated brokers. Obviously, the former typically operates under regulations stipulated by a forex regulator. Regulated Forex brokers must also be fully licensed and registered in their country of operation, unlike their non-regulated counterparts. Do day trading rules apply to forex?
LCG provides access to a broad selection of CFDs and spread betting instruments across several different asset classes including forex, indexes, cryptocurrencies, commodities, bonds, and individual stocks. They offer competitively low spreads and no commissions. LCG also provides account holders with the benefit of negative balance protection (so traders will never lose more than the amount they have on deposit).
IG held its second place position for research, with a broad range of tools available through its web platform and numerous in-house analyst and third-party content. The broker offers its own streaming video, IG TV, along with a vast array of daily blog updates and detailed posts from a team of global analysts. Lastly, the broker’s integration of DailyFx continues to evolve as the site remains a leader for retail traders seeking educational and research content. Twitter feeds stream live within the platform, helping traders access news more readily than via traditional forex news headlines. What percent of day traders are successful?
About the author: Steven Hatzakis Steven Hatzakis is the Global Director of Research for ForexBrokers.com. Steven previously served as an Editor for Finance Magnates, where he authored over 1,000 published articles about the online finance industry. Steven is an active fintech and crypto industry researcher and advises blockchain companies at the board level. Over the past 20 years, Steven has held numerous positions within the international forex markets, from writing to consulting to serving as a registered commodity futures representative. Which is more profitable stocks or Forex?
Interactive Brokers (IBKR) took second place with a wide range of top-tier regulatory licenses. Interactive Brokers provides traders access to 6,100 CFDs (up from 4,217), 115 forex pairs (up from 85), global exchange-traded products, US-traded bitcoin futures, and much more, including powerful research tools. IBKR’s removal of its previously steep minimum account opening deposit (down to $0 from $10,000) was a major milestone in 2018 that enhanced its offering to a wider audience. Can Day Trading make you rich?
Advertiser Disclosure: ForexBrokers.com helps investors across the globe by spending over 1,000 hours each year testing and researching online brokers. How do we make money? Our partners compensate us through paid advertising. 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. Furthermore, our content and research teams do not participate in any advertising planning nor are they permitted access to advertising campaign data. Here is a list of our partners. How do you trade for beginners?

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.

If you’re looking to become a successful Forex trader, then working with a skilled and trustworthy broker is very crucial. in the Forex market, the two main types of brokers you’ll get include the regulated and the non-regulated brokers. Obviously, the former typically operates under regulations stipulated by a forex regulator. Regulated Forex brokers must also be fully licensed and registered in their country of operation, unlike their non-regulated counterparts. Can you trade forex at night?


Furthermore, execution policies vary across firms in terms of how orders are handled (slippage/rejections), even when all else is equal. Brokers may be acting as market makers (dealers) to execute your trades and/or may be acting as agents for execution (relying on other dealers to execute). Forex spreads may include a round-turn commission. In addition, not all brokers publish their average spread data, and for those who do – not all brokers record their average spread over the same time-frames, making it difficult to make an accurate comparison. Can day traders make money?
The names, products, services, branding/logos, and other trademarks or images featured or cited within this Website (www.forexbrokers.com) are the property of their respective owners and the owners retain all legal rights therein. These trademark holders are not affiliated with ForexBrokers.com and the use or display of names, trademarks or service marks of another is not a representation that the other is affiliated with, sponsors, or endorses ForexBrokers.com or any of its reviews, products, or services. ForexBrokers.com declares no affiliation, sponsorship, nor any partnership with any trademark holders unless otherwise stated.
Company Policies and History: As part of every investors due diligence process, steps to help ensure account security should include verifying a firm’s regulatory licenses and its legal obligations in safeguarding clients’ money. It is also important to review the customer agreements, read up on the company's history, and verify that its primary offices are located in a well-respected country, if not your own. Do Forex traders pay taxes?
Regulation and Trust: Not all regulatory jurisdictions and licenses are created equal for international forex and CFD Brokers. Investors should know which country their broker is based in and which country’s laws apply to their account, and the regulatory status of that broker. To avoid forex fraud, it is critical to use a well-known and well-regulated broker. See: How to Avoid Forex Trading Scams What is the best forex trading strategy?
Forex.com has been busy at work in the past few years upgrading and revamping its trading platforms and related systems. As a result, the company’s technology, both for Forex.com and City Index, are one of its primary strengths. Additionally, GAIN Capital employs a global team of market analysts that provide clients with useful and constantly updated market insights. Besides the usual forex and CFD markets (outside of the U.S.), Forex.com also offers bitcoin for trading. How do you buy and sell currency? 

While the all-in cost to trade can be critical for many traders, it is essential to look at the whole picture in terms of how a broker’s overall offering could best suit your needs. Questions to ask include: What are average spreads for the account types offered? How will differences in margin requirements or execution type offered affect my forex trading volumes and related trading costs? These are just some of the questions that can help traders consider key differences between offerings. How much do top forex traders make?
For the 28 international forex brokers included in our customer service assessment, we conducted institutional-grade phone testing with the help of UK-based customer experience research group Customerwise. Over the course of six weeks, 229 phone tests were conducted across the UK (Note: brokers who do not offer any UK-based phone support were excluded from testing). How much do forex traders make?
The names, products, services, branding/logos, and other trademarks or images featured or cited within this Website (www.forexbrokers.com) are the property of their respective owners and the owners retain all legal rights therein. These trademark holders are not affiliated with ForexBrokers.com and the use or display of names, trademarks or service marks of another is not a representation that the other is affiliated with, sponsors, or endorses ForexBrokers.com or any of its reviews, products, or services. ForexBrokers.com declares no affiliation, sponsorship, nor any partnership with any trademark holders unless otherwise stated.
IG maintained its first place podium position year-over-year, with 15,000 tradable instruments available, including 91 forex pairs. It also has the most regulatory licenses among all brokers, including licenses from top-tier jurisdictions such as the US, UK, and Switzerland. IG further extended its US presence by acquiring a Forex Dealer Member license, as it prepares to roll out retail forex to US customers in 2019. In addition to significantly expanding its range of cryptocurrency CFDs, the broker provides access to global stock exchanges through its share-dealing account offering (for more information about IG’s share-dealing offering, read our IG Group UK share dealing review on our sister site, StockBrokers.com). How do you start Cryptocurrency?
Before choosing a Forex broker, it’s always recommended that you settle for one who can effectively and immediately resolve all customer issues. In this case, most regulated brokers are always competent enough when dealing with technical support or account issues. In addition, they are very helpful and kind during the whole account opening process.

To trade forex, you need an online broker. Trading with a trusted forex broker is crucial for success in international currency markets. As a currency trader or investor, you may have specific needs related to which platform, tool, or research requirements should be met. Understanding your investment style can help determine which fx broker will be best for you. What is the best forex trading app?
Meanwhile, second place finisher Saxo Bank removed the minimum monthly requirement for the base tier of its fx volume-based discount plan, which has six tiers as part of its active trader offering. As per September 2018 data, the all-in cost to trade the EUR/USD at Saxo Bank was 0.8 pips, based on 0.3 pip average spreads plus the default 0.5 pip commission equivalent on its volume-based pricing. The broker also launched a new pricing model with even lower trading costs than its volume-based pricing and is aligned with the industry best practices outlined in the Global FX Code.
For the 28 international forex brokers included in our customer service assessment, we conducted institutional-grade phone testing with the help of UK-based customer experience research group Customerwise. Over the course of six weeks, 229 phone tests were conducted across the UK (Note: brokers who do not offer any UK-based phone support were excluded from testing). How much do forex traders make?

CMC Markets maintained its first place position in our 2019 Review, as clients can access all-in costs of 0.744 pips on the EUR/USD, using average spread data published by the broker for September 2018. Through its active trading rebate program, CMC Markets reduced the barrier to entry from £200 million down to £50 million in monthly volume, making it easier for traders to qualify. The broker also rebates £7 back per million traded for those who trade between £200-£300m per month, and £10 per million, for its highest tier above £300m per month. Can Trading Forex be profitable?
Almost every forex broker aims to provide its clients with research content and tools to find and analyze investment opportunities. At the same time, we are living in the digital information age where traders can get lost in the sea of forex news headlines, making it hard to get the information they need unless brokers provide the right structure for forex research. How are Forex Pips calculated?
While the all-in cost to trade can be critical for many traders, it is essential to look at the whole picture in terms of how a broker’s overall offering could best suit your needs. Questions to ask include: What are average spreads for the account types offered? How will differences in margin requirements or execution type offered affect my forex trading volumes and related trading costs? These are just some of the questions that can help traders consider key differences between offerings. How much do top forex traders make?
All over the world, governments are struggling to deal with issues concerning money laundering. Some of them have even gone ahead to pass very strict anti-money laundering laws. So to be on the safe side, you should always trade with a regulated broker. Most regulated Forex brokers will ask you to provide some of your personal identification documents such as proof of address and photo ID. This might sound tedious to you but it’s always safe to be part of a regulated organization that can prove your money is being used in a legal way. Is it legal to trade forex in us?

Trading CFDs, FX, and cryptocurrencies involve a high degree of risk. All providers have a percentage of retail investor accounts that lose money when trading CFDs with their company. You should consider whether you can afford to take the high risk of losing your money and whether you understand how CFDs, FX, and cryptocurrencies work. All data was obtained from a published web site as of 01/15/2020 and is believed to be accurate, but is not guaranteed. The ForexBrokers.com staff is constantly working with its online broker representatives to obtain the latest data. If you believe any data listed above is inaccurate, please contact us using the link at the bottom of this page.
OANDA is one of the earliest pioneers of the retail forex industry. Having roots in academia, the company built its reputation, product offerings, technology, and customer base to the point now that it’s one of only two forex-only brokers in the U.S., and also serves customers throughout the U.K., Singapore, Canada, and Australia. Since the company’s inception back in the 1990s, OANDA has been at the forefront of retail forex, offering the latest trading technology and services to a global customer base.
Order Execution: Available execution methods can depend on whether the broker is a principal dealer acting as a market maker, and/or if they are an agency-only broker relying on third-party dealers (liquidity providers). Other execution methods, policies, conditions, or available order types can vary (including premium or free trade protection tools such as guaranteed stop-loss orders, fill-or-kill or fill within a maximum deviation range) can vary from broker to broker. Is foreign exchange trading profitable?

Getting compensated in case of any unfortunate scenario is arguably the best reason why most expert traders opt for regulated brokers. With most regulated brokers, you can rest assured that all your hard earned money will be refunded in case your brokerage firm goes down. For example, brokers operating under CySEC are required to remit their contribution to the ICF (Investor Compensation Fund). This pool of funds is to help settle any form of customer claims in case of any eventuality. Is Forex Trading Better Than Stocks?
CMC Markets offers competitive spreads that widen with larger trade and bet sizes. Dedicated sites for professionals and institutions highlight their commitment to higher skill and commitment levels, but it would be nice to see higher level perks, including rebates and the free API interface, offered to retail accounts. Even so, all account holders gain access to guaranteed stop losses, free bank wire withdrawals and other advanced features, lifting the broker into the top tier in several review categories. Can you make a living trading forex?
In the early 2000s, a fine line used to exist: brokers were most often concentrated on offering just one asset, for example forex, to their customers. However, today trading platforms are no longer just for trading forex, stocks, or futures; instead, multi-asset offerings are now industry standards among all the largest online brokers. That said, the range of products and markets you can trade still varies considerably across firms. How much do you need to start Forex in South Africa?
Meanwhile, second place finisher Saxo Bank removed the minimum monthly requirement for the base tier of its fx volume-based discount plan, which has six tiers as part of its active trader offering. As per September 2018 data, the all-in cost to trade the EUR/USD at Saxo Bank was 0.8 pips, based on 0.3 pip average spreads plus the default 0.5 pip commission equivalent on its volume-based pricing. The broker also launched a new pricing model with even lower trading costs than its volume-based pricing and is aligned with the industry best practices outlined in the Global FX Code.
Till about a decade ago, you had to make use of the telephone if you wanted to invest in the financial markets. 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.
Before buying a car, you always go for a test drive. Similarly, look for forex brokers that offer demo accounts. This helps you to open a practice account. You can try out their platform and find out for yourself as to which of the shortlisted brokers is best suited to your requirements. Most brokers offer practice accounts these days. So, it is easy for you to get a feel of the brokers’ platform before committing to depositing money and trading.
Most true ECN and STP brokers are linked to several liquidity providers at the same time period. Despite both true ECN and STP brokers having incredible trading solutions which can meet your needs as a trader, their terms of operation vary. Whether you will choose a true ECN or STP broker, the rule of thumb is always ensuring you minimize losses and maximize profits as much as you can when trading forex. Ensure you compare carefully the terms of service of both a true ECN and STP broker before you choose one to handle your trading needs.
Forex trading platforms are the modern gateway to investing in international currency markets. Regardless of your trading style, or preferred multi-asset instrument, the platform technology you use can affect nearly all aspects of your trading experience. From accessing research to analyzing news events or performing technical analysis on charts, forex trading platforms share the common goal of making it easy to help you trade and discover trading opportunities, while managing your personal investments. How do I start an online forex business?

While the all-in cost to trade can be critical for many traders, it is essential to look at the whole picture in terms of how a broker’s overall offering could best suit your needs. Questions to ask include: What are average spreads for the account types offered? How will differences in margin requirements or execution type offered affect my forex trading volumes and related trading costs? These are just some of the questions that can help traders consider key differences between offerings. Is it worth getting into forex trading?


To help you answer these questions, EarnForex offers a complete set of tools for you to search, analyze, and compare existing FX firms. Additionally, all the online Forex brokers presented here are reviewed by traders. Also, some of the brokers' representatives answer to the questions and problem reports mentioned in these reviews, providing some exclusive first-hand information to our visitors. You will find 238 brokers listed in the table below. How much do you need to start trading forex?
Meanwhile, second place finisher Saxo Bank removed the minimum monthly requirement for the base tier of its fx volume-based discount plan, which has six tiers as part of its active trader offering. As per September 2018 data, the all-in cost to trade the EUR/USD at Saxo Bank was 0.8 pips, based on 0.3 pip average spreads plus the default 0.5 pip commission equivalent on its volume-based pricing. The broker also launched a new pricing model with even lower trading costs than its volume-based pricing and is aligned with the industry best practices outlined in the Global FX Code. Who is the best forex trader in the world?
Pepperstone is an Australian broker based out of Melbourne. It offers competitive, full-featured trade execution through multiple platforms, including MetaTrader 4, browser-based entry, and mobile devices. Customers can choose among 80 tradable instruments in 72+ asset classes (including forex, index CFDs, commodities, metals, and cryptocurrencies) across the globe through a diverse range of account types that include commission-free execution and active trader benefits. An AUD $200 minimum deposit supports small trading accounts; extensive research and educational resources build users' skill levels and profit-opportunity recognition.
Interactive Brokers (IBKR) took second place with a wide range of top-tier regulatory licenses. Interactive Brokers provides traders access to 6,100 CFDs (up from 4,217), 115 forex pairs (up from 85), global exchange-traded products, US-traded bitcoin futures, and much more, including powerful research tools. IBKR’s removal of its previously steep minimum account opening deposit (down to $0 from $10,000) was a major milestone in 2018 that enhanced its offering to a wider audience. Which day is best for Forex?
Available to US residents only, second up on the podium is TD Ameritrade for its highly innovative and rich thinkorswim desktop platform. thinkorswim features thinkScripts for algorithmic trading, as well as the ability to create push notifications and alerts on indicators, and even the capability of building custom ones from scratch. thinkorswim offers over 400 indicators – more than any other broker we have reviewed. The addition of a candlestick pattern editor and numerous research and social-network sharing features, along with extremely powerful charting, helped TD Ameritrade advance in this category.
Foreign exchange markets are open 24 hours a day, five days a week, which means investors can constantly scan international markets for opportunities to invest. Having access to multiple asset classes from within a single platform is important to many investors, as financial markets, including forex and even cryptocurrencies, are highly interconnected. The ability to react quickly to geopolitical and economic news events in real time is key.

"There is a very high degree of risk involved in trading securities. With respect to margin-based foreign exchange trading, off-exchange derivatives, and cryptocurrencies, there is considerable exposure to risk, including but not limited to, leverage, creditworthiness, limited regulatory protection and market volatility that may substantially affect the price, or liquidity of a currency or related instrument. It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable, or that they will not result in losses." Learn more.

CMC Markets maintained its first place position in our 2019 Review, as clients can access all-in costs of 0.744 pips on the EUR/USD, using average spread data published by the broker for September 2018. Through its active trading rebate program, CMC Markets reduced the barrier to entry from £200 million down to £50 million in monthly volume, making it easier for traders to qualify. The broker also rebates £7 back per million traded for those who trade between £200-£300m per month, and £10 per million, for its highest tier above £300m per month. Which app is best for forex trading?

To help you answer these questions, EarnForex offers a complete set of tools for you to search, analyze, and compare existing FX firms. Additionally, all the online Forex brokers presented here are reviewed by traders. Also, some of the brokers' representatives answer to the questions and problem reports mentioned in these reviews, providing some exclusive first-hand information to our visitors. You will find 238 brokers listed in the table below.
IG is the largest CFD dealer (based on trading revenue) with the largest number of active financial spread betting accounts in the UK. As noted, the company just began serving U.S. clients once again, in February 2019 (IG had operations in the U.S. previously before leaving). Its size allows it to offer some of the lowest spreads and commissions in the industry. IG Group is a FTSE 250 company with more than 185,000 clients worldwide.
IG maintained its first place podium position year-over-year, with 15,000 tradable instruments available, including 91 forex pairs. It also has the most regulatory licenses among all brokers, including licenses from top-tier jurisdictions such as the US, UK, and Switzerland. IG further extended its US presence by acquiring a Forex Dealer Member license, as it prepares to roll out retail forex to US customers in 2019. In addition to significantly expanding its range of cryptocurrency CFDs, the broker provides access to global stock exchanges through its share-dealing account offering (for more information about IG’s share-dealing offering, read our IG Group UK share dealing review on our sister site, StockBrokers.com). What is the best forex trading platform for beginners?
OANDA is one of the earliest pioneers of the retail forex industry. Having roots in academia, the company built its reputation, product offerings, technology, and customer base to the point now that it’s one of only two forex-only brokers in the U.S., and also serves customers throughout the U.K., Singapore, Canada, and Australia. Since the company’s inception back in the 1990s, OANDA has been at the forefront of retail forex, offering the latest trading technology and services to a global customer base.
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: Is forex trading good for beginners?
Most true ECN and STP brokers are linked to several liquidity providers at the same time period. Despite both true ECN and STP brokers having incredible trading solutions which can meet your needs as a trader, their terms of operation vary. Whether you will choose a true ECN or STP broker, the rule of thumb is always ensuring you minimize losses and maximize profits as much as you can when trading forex. Ensure you compare carefully the terms of service of both a true ECN and STP broker before you choose one to handle your trading needs.
All over the world, governments are struggling to deal with issues concerning money laundering. Some of them have even gone ahead to pass very strict anti-money laundering laws. So to be on the safe side, you should always trade with a regulated broker. Most regulated Forex brokers will ask you to provide some of your personal identification documents such as proof of address and photo ID. This might sound tedious to you but it’s always safe to be part of a regulated organization that can prove your money is being used in a legal way. What is the best online stock trading site for a beginner?
CMC Markets maintained its first place position in our 2019 Review, as clients can access all-in costs of 0.744 pips on the EUR/USD, using average spread data published by the broker for September 2018. Through its active trading rebate program, CMC Markets reduced the barrier to entry from £200 million down to £50 million in monthly volume, making it easier for traders to qualify. The broker also rebates £7 back per million traded for those who trade between £200-£300m per month, and £10 per million, for its highest tier above £300m per month.
Order Execution: Available execution methods can depend on whether the broker is a principal dealer acting as a market maker, and/or if they are an agency-only broker relying on third-party dealers (liquidity providers). Other execution methods, policies, conditions, or available order types can vary (including premium or free trade protection tools such as guaranteed stop-loss orders, fill-or-kill or fill within a maximum deviation range) can vary from broker to broker.