When looking for the best forex broker on the internet to suit your particular needs, the first consideration will always be whether or not you feel comfortable entrusting the broker with your trading capital.
Furthermore, if a broker you are considering doing business with has a generally poor reputation among its clients or is not overseen by one of the major regulatory agencies, then you would be well advised to consider looking elsewhere for the brokers that the retail forex market has to offer.
Some of the top forex brokers in terms of their trustworthiness and reputation are eToro, Easy Forex and AvaFX. To set up an account with them in order to start trading currencies, you typically just need to visit their website, select an account type, fill out a form and provide suitable documentation.
Once the account has been opened, you will then need to fund it. This can usually be done via bank wire transfer or credit card payment, although even Paypal funds can be used in some cases.
Here is a short description of these leading brokers, to help you get to know them a little bit better:
Many people who are new to trading the foreign exchange market or who are not really serious about becoming full time traders are considering opening up accounts for the very first time. One of the best online brokers for such traders is eToro.
Entry level traders might find the educational materials and the simplistic, yet rather entertaining, graphical trading interface offered by eToro to be helpful as they hone their trading skills and set about developing a consistently profitable trade plan for themselves. Furthermore, those who are less committed to forex trading might enjoy the games offered by the broker.
Of course, they might want to graduate to using a broker that offers a more professional and traditional style of trading platform once their initial training and trade plan development phase has concluded. Nevertheless, more experienced traders still might find some of the market commentary provided by eToro useful, and they can always have a little fun watching eToro’s graphical platform that features games and currency symbols competing against each other.
Another internet forex broker that has developed a good reputation among retail traders for helping those new to forex trading get started on the right foot is Easy Forex. Like eToro, Easy Forex provides its clients with extensive training materials and good customer support aimed primarily at novices.
One of the advantages of Easy Forex over eToro is that Easy Forex introduces novices gently to a more professional style trading platform so that they can more easily adapt to using just about any broker’s forex trading platform as their trading skills advance.
Many traders consider AvaFX to be one of the top online brokers since their trading platform is both simple enough for beginners to use, as well as sufficiently sophisticated for trading experts to appreciate its features.
Another major advantage of AvaFX is that its platform permits a broader based trader to monitor and take positions in a variety of financial instruments, as well as the major currency pairs. For example, AvaFX allows you to trade commodities like oil and gas, precious metals, sugar and cotton, as well as major stock indexes like the DJIA, the S&P500, the FTSE100, the DAX40, the CAC30, the Italian MIB index, and the Nikkei 225.
Best way to learn the trends in currency markets is to follow-up on latest News before taking any trading action.
Here are the latest Forex News as provided by Forexnews.co.
After a long hard game, we finally have the second round of MultiBank 2018 Demo Competition winners with us. They are the first place winner Mr.Liu Jinbiao, the second place winner Ms. Novia Dewi Ernia Putri and Ms.Wang Qianshuo, the third place winner. Unfortunately, due to the Spring Festival for Chinese and visa issue for … Continue reading "Winners for the Second Round Demo Competition Officially Announced"
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The USD appears that it has turned the corner and is pushing higher. That has started to weigh on the majors across the board, including the EUR/USD. This week the Greenback has a number of key fundamental data releases, with none bigger than CPI. That...
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The USD got a bit of a shakeup on Friday after US employment came in better than expected. That slowed down the uptrend that we’ve seen in the EUR/USD. The week ahead looks like it’s going to be interesting for stocks as there is the potential for a bi...
The EUR/USD has been on a sharp uptrend in recent times. That’s been no doubt thanks to the very weak USD. This week the Greenback faces another stiff test as we have the FOMC Statement as well as US non-farm payrolls, which make it a highly fundamenta...
MultiBank Exchange Group is one of the largest online financial derivatives providers worldwide. With over 15 offices worldwide servicing 280,000 clients from 90 countries, MultiBank is here to provide exceptional financial products and services to our clients, as we vow to continually deliver superior technology, platforms and services. MultiBank is regulated by financial institutions across … Continue reading "Trade with MultiBank Exchange Group. Make Your Dreams Come True."
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The EUR/USD has been moving sharply higher in recent weeks. The ECB will be heavily in focus this week as we get another look at the QE program and whether or not it will be ultimately wound down. The continuing US Government Shutdown saga is also like...
The second place winner from the 1st round demo competition visited MultiBank’s Beijing office late last week to claim his cash prize of $3,000. Our second place winner is also a remarkable trader, with 7,230% gain in equity, following closely behind our first place winner and gaining much momentum on his trades. 2nd place … Continue reading "The Second Place Winner from the 1st Round Demo Competition Shares Heartfelt Words"
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