TOP FOREX BROKERS

WHO ARE FOREX BROKERS?

Forex brokers’ also known as retail Forex are Forex firms that give foreign exchange traders a trusted and responsible platform to trade currencies.  The brokers provide useful information to the currency trader. They sometimes act as Forex guide.

IMPORTANCE OF FOREX BROKERS

The brokers are the link between the banks and currency traders. Before now, only the rich and influential people who have the link to trade with banks directly can enjoy Forex trading. But with the aid of Forex brokers, trading Forex is now easy.

HOW TO IDENTIFY AUTHENTIC FOREX BROKERS

To identify the original brokers one needs to look out for the license because in some countries and regions obtaining one is a difficult job for a small company.

FIVE TOP BROKERS

In relation to the above identities of authentic brokers, the best  brokers will be judged according to the ease of transactions they make, the currency pairs they offer, the initial deposit accepted per trader and the professionalism of their customer care service unit.

Some of the leading broking firms are;

ALPARI

Apari operates in about 150 countries worldwide and runs four different platforms namely; systematic, Alpari direct and Meta-trader 4 and 5. Alpari has a very active customer care service that calls clients within 24hours of registration. The customer service unit is also on standby for 24hours of the day to handle complaints from clients. The firm also helps first time traders with their first deposit and transaction.

MIG BANK

It’s a major bank located in Switzerland that has the license to trade and exchange currency. The firm makes use of meta4 trading platform which enables transaction to be done swiftly. The brokers also help members with useful daily analysis and reviews of the Fx market. MiG bank also encourages confidential transaction without the involvement of the brokers’ style and techniques.

TENKOFX

This is another brokers firm that carryout clear swift and highly regulated Forex transactions. Tenkofx also uses the METATRADER 4 platform and offers more than 60 trading instrument including gold, silver and other precious metals. They have a well regulated platform and have stood the test of time in the Forex brokerage industry.

ETORO

Etoro offers one of the easiest Forex platforms to operate and understand. They have a great service, an outstanding feedback and a nice social forum interaction that helps in information dissemination. Aside from making trading services enjoyable and secured, they offer a transparent fee system and provide huge investment varieties and a large community of traders.

SAXO BANK

Saxo bank ranks as one of the leading broker in the foreign exchange market because they started as a forex broker firm as far back 1992. The bank is regulated by more than 10 institutions. In Saxo bank investors are protected up to the investor protection amount which varies from country to country.

There are numerous Forex brokers  in every part of the world. Some have stood the test of time by staying for years and spreading their tentacles to other nations and regions. SOME have proper regulatory incense which gives them a sense of authenticity than others. These are the reliable ones that investors should trade with and not get scared of scams and cons.

However prospective investors needs to carryout proper investigations before making their choice so as not to fall victim to Forex scams.

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