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What to Expect from the Best Forex Brokers

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Finding the right Forex broker can be a hard thing to do. The choice is very big! There are lots of brokers to choose from all over the world. How do you know which one you can rely on? Which one will offer you good terms and conditions? Which one has strong safety policies? Above all, you want to make sure that your funds are safe, and that you can get your money back whenever you feel like it.

Oanda

Oanda

Oanda has become an established representative on the global online broker stage. Today, it facilitates forex and index/commodity CFD trading for traders and investors across the world. Oanda spreads are comparable to other big companies like FXCM and FxPro. To provide traders and investors with the best prices, Oanda uses an automated machine to keep track of the global prices. High volatility can widen spreads so that both current and historical average spreads can be clearly outlined. For those wanting to trade on margin, you will find leverage offerings at Oanda.

Oanda’s trading fees are considered to be highly competitive. Thus, Oanda introduced an inactivity fee that affects those who do not make any trades for at least several years. There is no deposit bonus when you create an account on the Oanda website.  It is worth monitoring the official website for any changes to overnight fees.

Oanda has extremely high scores in ratings and reviews. By offering a straightforward setup, competitive pricing, various product offerings, and sophisticated trading platforms, this online broker has gained a positive reputation.

Pepperstone

Pepperstone

Pepperstone is one of the leading Forex and CFD brokers regulated by ASIC. Despite its relative newness, it has grown considerably over the course of the last decade. Pepperstone is also highly regarded by experienced traders and investors due to attractive terms and conditions monitored by the European Securities and Markets Authority and the Financial Conduct Authority.

With its major mission to provide institutional grade trading to the online forex traders, this broker provides technology that suits individual preferences of each particular member. Thus, you can pick the platform based on features such as ease of navigation, ease of opening/closing trades, attractiveness of fees, and so on.

Most brokers provide their clientele with access to numerous global financial markets, while Pepperstone prefers to limit its operations to what it does best. The broker’s select list of investment tools also includes index CFDs, precious metals, energy, soft commodities, and cryptocurrencies. Spreads on MetaTrader 4 platform are variable, with quotes taken from almost 20 major banks and electronic crossing networks. Pepperstone is renowned for its narrow spread, fast processing, and competitiveness, so it does not offer any considerable deals or promotions.

IC Markets

IC Markets

IC Markets is a reputable online trading brokerage with the major office in Sydney, Australia. It is considered to be the best online website in the country due to the highest available leverage, low spreads, and fees. The trading brokerage aims to cover the gap between retail customers and big institutional investors by addressing investment solutions. IC Markets usually offers their traders forex trading and delves into various futures, indices, and commodities.

Apart from IC Markets ASIC regulation, the brokerage is considered to be a member of the Financial Ombudsman Service (FOS). This offering allows customers of IC Markets to resolve any complaints they have in a fast and easy way. That way, traders and investors can be covered by an additional layer of protection. This is how IC Markets receive customer satisfaction at the highest level. By knowing that they will be protected in case of any issue, they surly feel encouraged to continue the market routine.

At the same time, it is important to know that IC Markets do not provide traders with any sort of bonuses and rewards. However, this should not be addressed as a bad thing. This Forex broker has developed a strong reputation that makes it rightly proud of its offering. While IC Markets do not want to enable overtrading, it does its best to represent its products via incentives.

The Bottom Line

Over the last decade, online trading and investing have changed considerably. Prices have decreased, options have become more varied, and user’s experience has become more flexible. The customer-oriented approach is probably the only thing that has not changed.

When you want to buy and sell some assets, you need to find a reliable broker. If you join one of the above-mentioned brokers, you will surely increase your chances of success. Every nuance of your broker’s offering actually matters as it can affect your online experience.