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Traders At Masterforex-v World Academy Choose The Top Forex Brokers For November
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One of the most important moments for a trader is choosing the right broker to trade with. A Forex broker acts as the middle man between buyers and sellers. Not all brokers are the same and not all brokers fit all the trading personalities of investors. Therefore, one must choose wisely. It is extremely important to first have your objectives clear; recommends, Eugene Olkhovsky a financial expert at Masterforex-V World Academy. You must choose a broker that is reliable and professional, because the broker will also become your partner in business and one must trust its partners. There are different factors that you must take into consideration when choosing a broker. Pay attention to the terms of trading and other details as listed below. Let us take a look first at the minimum deposit required by each broker to start trading. This is an important moment during the selection of the broker and it depends on the amount of the initial capital of the trader. Some brokers offer mini and micro accounts. Real accounts can be opened with as little as 100 to 200 dollars. The spread is another important factor to keep in mind. There are different types of spreads. For instance, there are variable spreads or fixed spreads. It all depends on the type of trading you are trying to do. For example, variable spreads change and widen depending on market volatility; therefore, if you are fond of trading during news announcements, most probably this type of spread is not convenient for you. Another thing to keep in mind is the fact that if you are trading with fixed or even variable spreads, there could be additional commissions charged. Therefore, be aware and ask if your broker charges any additional commissions or fees. And do not forget about the swap interest. This is interest that it is either paid or discounted from your account balance depending on the interest differential between the two currencies when trading in Forex. The type of trading platforms that the brokers provide is also very crucial, because you need to work with a platform that you are comfortable with. It is important to learn all about the convenience of working with it, whether or not it requires payment for its use, and besides that, you must learn about the availability of payment of the received analytical information. Usually, trading platforms do not charge anything for its use or analytics. The way and methods of depositing and withdrawing funds from your trading account must be kept in mind when choosing a broker. You must also find out if the broker you are planning on trading with is also a tax agent, because if this is the case, then some tax may be withheld on profits made by the trader. Also, you should find out if electronic money is accepted, what documents are needed, and what documentation should be provided along with the contract. You must also find out if the broker is regulated and where it is registered. In case of any dispute, you must know whether you have any chances of filling a formal complaint with regulators or if your funds are really unprotected. The contract should have a description of all the nuances and ambiguities that may arise in the course of trading and their solutions. The duties and responsibilities of both parties should be clearly spelled out, as well as a public regulator of operations should be present. Also, be aware of the number of complaints it has handled and how they were resolved. Obviously, the years of experience of a broker are also very important. It is important to review the history of the company; does it have a branch network? The amount of the company's own funds will let you know the broker's financial stability and find out if the traders' funds are kept segregated. What type of fund insurance is provided by the broker is one of the top priorities for a trader when choosing a Forex broker. Let's take a look now at what the raking of Masterforex-V World Academy has to tell us about the most popular Forex brokers. The top place is taken by a Ukrainian company, Forex Broker Forex Trend http://fx-trend.com . This company offers traders and investors the most unique opportunities and conditions for obtaining high and stable profits on the Forex market. Due to interesting innovations by the broker like PAMM indexes and trading contests, the company has become a leader in the financial markets. Second place is taken by one of the largest banks in Switzerland, MIG Bank. This broker is constantly providing all of its customers and partners with the most optimal trading conditions by organizing the most secure and advanced infrastructure of doing business, quality customer support and the introduction of technological innovations. Nord FX takes third place by becoming one of the most popular Forex brokers among experienced traders. What sets this company apart is the fact that it offers the most modern technology and very flexible trading terms. Besides, the company is constantly taking care of its new clients by providing them with the best guiding staff in the business. We have seen so far the top three Forex brokers chosen in the ranking of Masterforex-V World Academy, but there are still some very good brokers down the list like: The FIBO Group, Dukascopy Bank SA, RoboForex, HY Capital Markets, and Saxo Bank among others. The lagging brokers on the list are: TusarFX, Pantheon Finance, Interactive Brokers, and XE Markets. There have been different reasons for Forex Broker Forex Trend to deserve the first place on the list. For instance, Forex Broker Forex Trend has different licenses from major financial regulators like the CySEC, which is the Cyprus Securities and Exchange Commission, also the NSSMC, which is the National securities and stock market commission of Ukraine and the FDR, which is the Financial Dispute Resolution agency of New Zealand. There are other factors that contribute to the selection of the best Forex broker like, the frequency of being mentioned in the media. The more often a broker is mentioned on the media, online or otherwise, the more popular the broker is considered to be. Besides the news media, traders also took into consideration the popularity of the broker on social media and Forex Broker Forex Trend has been a leader among social networks. To conclude, the experts at Masterforex-V World Academy http://www.masterforex-v.com, agreed that the recent ranking for the month of November has served as a great tool for beginning and experience traders when trying to decide which broker to trade with. The Academy will continue to provide updated information on the best brokers in the industry for the benefit of its clients.
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