In multiple countries in the world, forex trading is illegal. Traders there have to work with foreign brokers and spend more time on the internet working with pages and sites. No pain, no gain, yet after lots of time and effort, the brokers are still out of reach. Information explosion, limited forex market, and there is also no proper guideline for them to do some self-research. For that reason, we present this article with the hope to show the best forex brokers rating.
There are many things that traders need to study, and they usually confuse, don’t know what to consider in the research, what components are essential, and in what order they should look at those key points. For example, the US and UK brokers are well-known with the reliability, but the trading condition is sort of tight, so which one is more important? Besides, the trading platform, the system for payment, and local support are also a must. Before going deep down further, there are brokers which we consider the best to take as examples for further explanation:
Moreover, these three brokers are currently targeting the Asian areas, so the better customer services in the regions.
As the tradesmen here have to work with foreign brokers, the reliability is the prior concern in the situation. Forex trading is illegal in places resulting in no regulation to protect traders from their own government. The effort would be meaningless if you shake with the untrustworthy hands.
Regulation can tell, US and UK licenses are of the standard, but the face-to-face support stands too far from the Asian need. Don’t worry, those licenses are not offered for US and UK brokers only, there are numerous brokers hold both the US or UK licenses, and even the legal document from CySEC, FCA, and many other financial associations as well. For example:
- Exness with CySEC, FCA regulations
- FxPro and license from CySEC, FCA, DFSA, FSB
- XM with CySEC, FCA, ASIC license
- FXTM with the IFSC
2. Forex trading conditions
The regulation can only assure you that the regulated brokers are safe, there is no confirmation that traders would always get success. There are various account types, you need to understand the games’ rules and figure out the suitable strategy with each broker. Reading things carefully, or the failure is inevitable.
About the trading platform, the MetaTrader 4 and 5 are the most popular, but not compatible with XP and Vista operating systems which are usually the basic setup on computer or laptop of many traders. So they need flexible with high compatibility trading platforms, and FxPro and XM provide the best products with various integrated tools that get along well with any operating system, from desktop software to mobile apps, and even the web-terminal.
3. Payment system and local support
Last but not least, payment system and local support have the straight influence on traders. All traders have names in this article have wide systems of regional offices and the local support. No more language barrier, and you can also have the opportunity to meet other local traders to exchange and discuss, better than connecting to the world through the emotionless computer screen. For online support, Exness and XM staff are available 24/7 on air. In terms of fast services, XM provide winged services and guaranteed safe with Usain Bolt sponsorship. From Exness, transactions are instant, no waiting second, the community of traders have approved.
In the forex world, there is no exact definition of ‘the best’, every broker has its strengths as well as weaknesses. And if you are serious with foreign exchange career, it’s your job to understand the risks to obtain great success. There are some standards you must follow as the key components, otherwise, the risk would become riskier and failure would gradually become your future nightmare. Anyway, understand the rules of the game, trade with the trustworthy brokers, have good strategies, and you will have a better chance to achieve success. Read everything carefully, don’t forget to take notes, and share things with the local offices for a helping hand. Hope that we can help forex traders find the right best forex brokers rating, and to succeed as well.
Synthesized by top4forexbrokers.net