Conducting a comprehensive Forex broker review

Trading in the foreign exchange market can be risky and difficult to navigate. Understanding the best times to trade, picking up on and interpreting trade signals, acting on breaking news updates that affect currency exchange; all of these components are necessary to learn when forex trading. The best option may be to use a broker, but it requires research and conducting a full forex broker review.

There are literally hundreds of forex brokers on the market who purport to get you the best bang for your buck. But how many of them actually deliver on that promise? In a recent list compiled by asktraders.com, they conducted a forex broker review and put together a list of brokers. We will go over a few of the top brokers on this list.

Pepperstone - Established in 2010, by a team of skilled veteran managers who had years of experience in the forex industry, Pepperstone has exponentially developed into being one of the largest CFD and forex brokers across the globe. They offer over 70 different currency pairs and have a minimum deposit amount of just $200. READ MORE

GMO - Taking the step into forex broking in 2017, it certainly does not have the experience that other forex brokers can offer. However as it comes under the jurisdiction of the EU it is regulated a little more tightly than other brokers out there. GMO offers leveraged accounts up to 1:30 and offers over 60 different currency pairs. READ MORE

City Index - City Index is a forex, CFD and spread betting provider. Founded in 1983, City Index is the forex and CFD brand, owned and operated by GAIN Capital UK. The company is based in London and is therefore under the regulatory jurisdiction of the Financial Conduct Authority. READ MORE

eToro - Best known for social trading eToro actually started out as a forex brokerage. In addition to its traditional offering, eToro has launched a collective investment fund known as CopyFund. CopyFund is an investment portfolio managed by an in-house investment team, which allows invest reap the benefits of passive investment in this fund. READ MORE

The most important fact to remember when conducting a forex broker review is to do a thorough background check. Check customer reviews carefully, as this carries heavy weight in the forex market.

 

No related posts.

 

Speak Your Mind

*