Recommended Forex Brokers
Basically, to trade in the Forex Market you must first sign up with a Forex Broker. There are lots of Forex Brokers out there that offer good service to their clients. However, their services include tight spread, number of currencies traded, partnership features and so on. For the purpose of this blog, the recommended brokers are 1. Deriv (https://track.deriv.com/_WxWzztorkVi2vdm9PpHVCmNd7ZgqdRLk/1/) 2. Exness (https://www.exness.com/a/t0q1u0q1). 3. Alpari (https://alpari.com/en/?partner_id=1244646) and 4. FXTM (http://forextime.com/?partner_id=4806145).
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Requirements To Look Out For:
In the process of choosing a broker for your financial endeavors, consider several crucial factors. Assess the spread, commissions, swap costs, available leverage options, as well as
the diversity and functionality of trading platforms and tools. The spread and associated costs directly impact profitability, while leverage options influence risk management.
Evaluate the broker’s commitment to providing robust customer service through various channels, ensuring prompt assistance when needed. This comprehensive approach
empowers traders with the information necessary to make informed decisions, optimizing their trading experience. Prioritize a broker who aligns with your specific trading goals,
combining favorable financial terms with reliable support infrastructure, facilitating a seamless and successful trading journey. Making a well-informed choice ensures that your
trading endeavors are not only financially sound but also supported by a responsive and reliable brokerage partner.
Moreover, many brokers are unregulated and this is risky for an investor. Regulated brokers are safer than the unregulated ones. Regulatory authorities are the National Futures
Association and the Commodities Futures Trading Commission.
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The Brokers:
Deriv formally known as Binary dot com came into existence in 1999.
Alpari came into existence in 1998 while Exness started in 2008.
Forextime came into existence in 2011.
These brokers value time and they understand the importance of superior customer service delivery.
They also empower traders to get the best out of their investments.
Management of clients fund is their core competence and their client investment safety and security is second to none in the industry.
I have enjoyed good service from the two brokers mentioned above over a period of seven years, and their minimum account deposit is small as compared to other brokers.
Deriv:
With Deriv, you can setup an account that will allow you to trade synthetic indices such as Volatility 75 Index, Step Index and Boom and Crash Index.
Hit this link to sign up with Deriv. (https://track.deriv.com/_WxWzztorkVi2vdm9PpHVCmNd7ZgqdRLk/1/)
Click here to learn more on Risk Management in Forex Trading.
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Deriv offers complex derivatives, such as options and contracts for difference (“CFDs”). These products may not be suitable for all clients, and trading them puts you at risk. Please make sure that you understand the following risks before trading Deriv products: a) you may lose some or all of the money you invest in the trade, b) if your trade involves currency conversion, exchange rates will affect your profit and loss. You should never trade with borrowed money or with money that you cannot afford to lose.Deriv offers complex derivatives, such as options and contracts for difference (“CFDs”). These products may not be suitable for all clients, and trading them puts you at risk. Please make sure that you understand the following risks before trading Deriv products: a) you may lose some or all of the money you invest in the trade, b) if your trade involves currency conversion, exchange rates will affect your profit and loss. You should never trade with borrowed money or with money that you cannot afford to lose.
Referral links;
(Volatility Index Broker:…https://track.deriv.com/_WxWzztorkVi2vdm9PpHVCmNd7ZgqdRLk/1/)
(Broker: Exness … https://one.exnesstrack.org/a/3tfpd2bc9i)
(Email: beanfxtrader@gmail.com)
(Telegram: https://t.me/joinchat/AAAAAE97zaWdZg5KBbrIVQ)
