Are you planning to join forex trading and search for the best broker? If yes, then this article can assist you. We know that in forex trading, it is of great worth to choose the forex broker carefully because otherwise, you may have to face a lot of complications. So, to know more details, delve into the article.
FOREX.com
FOREX.com is regarded as the one-stop shop for forex investors or traders. They exhibit many amazing features such as low minimum deposits, an extensive range of tradable products, and a fantastic trading platform. Owing to all these features, it is an excellent choice for people searching for a good forex broker. Whether you are a veteran trader or new in this field, you will surely like this broker’s research and education centre. In addition, they offer many courses related to forex trading. It also has a downside in that it does not allow you to buy and sell the other securities such as bonds and stocks.
CedarFX- Best for Ultra-low Spreads
CedarFX is the first eco-friendly broker in the World. When it comes to account types, they provide you with multiple choices. Additionally, they allow you to trade in various financial instruments that include cryptocurrencies, futures, major and exotic forex pairs, and stocks. But sadly, the educational resources are limited on this platform.
IG Markets- Ideal for Execution
IG markets give you a lot of currency pairs choices because they trade in almost 80+ currency pairs. Their services are restricted to US customers, so if you are residing in another part of the World, it’s not possible to join them.
 Additionally, it has easy to comprehend and affordable margin rates. Another good thing about this platform is that you can use it on your tablet and mobile as well, and it works the same as that on a desktop. Just like every other broker, it also has some demerits as well. Firstly, they do not have many options in the customer support section. Moreover, there is no 2-factor authentication if you are using it on a mobile phone.Â
Saxo Bank- Good Option for the Serious Forex Traders
If you open an account on the Saxo bank, then you can get the ample opportunity to trade in more than 40,000 financial products, and that is a big number. In addition, it offers unique analytical tools such as Thought Starters. Saxo Bank also provides a good number of investment platforms. Additionally, if you are a beginner, then you can go for the free trial.Â
Now, let’s discuss the downsides of this platform, and that includes non-availability for Canadian and US clients.Â
Final Thoughts
To sum up the article, we would like to say that it is extremely important to find out the best forex trader before jumping into this industry. Each trader has some merits and demerits, and it’s important to pick the forex trader that is offering the best services. If you have any queries, you can ask in the comments section. Visit the link for more information https://tradefx.co.za/review/markets-com.
