Forex for a trader
Legitimate forex trading sites philippines

Legitimate forex trading sites philippinesForex Philippines | Forex Trading Philippines. XM GLOBAL LIMITED – Forex Broker Review. Trade not only Forex but also Stocks CFDs, Commodities CFDs, Precious Metals CFDs, Energies CFDs, Equity Indices CFDs and Cryptocurrencies CFDs on the world’s leading forex trading platform. $30 NO-DEPOSIT TRADING BONUS 50% deposit bonus for up to $500 20% deposit bonus for up to $4,500. They support MetaTrader 5 which is the best trading platform today Trade FOREX, CFD’s and Futures (a big plus because you won’t be making more accounts on other brokerage firm just to trade commodities or futures) $30 Welcome bonus: A financial incentive for becoming our client Receive a $30 trading bonus on your initial deposit No limitations to your initial deposit amount For all clients with MICRO , STANDARD , and XM ZERO accounts Bonus available for trading within 24 hours Trade using your computer, mobile phone or tablet. Very flexible and mobile if you plan to trade while traveling. Support is very fast and accommodating. Online video training. Zero fees on Deposits and Withdrawals All e-wallets 100% covered All major credit cards 100% covered Wire transfers above 200 USD covered Instant account funding No hidden fees or commissions. The only problem I have so far is with its ability to handle fast trades. Sometimes the execution lags a bit. And the spread increases from time to time. But that is acceptable when news are breaking out. So far, I’m happy with this broker and I recommend them and sticking with them for the long term. Simply because of the $30 welcome bonus and other bonuses. Any kind of bonus is very important for a successful forex trading, any money added to your capital is helpful. You might also want to try Social Trading with eToro… If you only have Paypal as a means of depositing.

eToro Review – Social Forex, Stocks Trading. eToro – Social Trading Platform Review. What’s better than trading? Copying the trades of other successful traders! That’s what eToro is about. Get in touch with expert, experienced and successful traders and then copy their trades. Its possible to create a passive source of income, just by letting the copy trader run. Forex, US Stocks (and Global stocks), Currencies, Commodities, Cryptocurrencies Easy payment, deposit and withdrawals, accepts wide range of deposit and withdrawal options ( accepts Paypal – very convenient) Thriving ecosystem currently have 230M traders Ability to copy expert trader’s trades. The best feature of eToro is the ability to copy a trader’s trade. So it becomes easy to be profitable. The only problem is to find who are the best traders. If you are starting out and wants to know how an expert trades, I highly suggest using eToro not just for the copy trades, but for the wealth of information its community share with other traders. If you become an expert trader, you can also earn money when people copy your trades.

So there’s a lot of potential if you stick with eToro. kabayan thank you for your information about that Utrade staff. I also know one in BGC that started to do forex but in the end they were raided by NBI, probably because of fraud. I will not judge that company for now lets see baka nga legit na sila. Ang akin lang eh, i will wait na regulated na ang forex sa Pinas. I am also a trader na waiting for that opportunity for us. in my opinion kung magiging regulated na ang forex sa pinas that will protect the trader its either PSE, COL financial, BDO, BPI trade and other Legal brokers sa atin ang mag start. honestky I dont beleive that is a single legit forex broker sa internet talagang nag transact sa forex market, I am pertaining to those brokers na ag accept ng small amount like $100 or $250 as start. For my experience hindi sila nag tratransact sa forex it self, kundi sa flatform lang ng site, it never leaves the site, meaning pinapaniwala ka lang nila na gumagalaw nga ang pera mo, the truth is you are just in a gambling site na pinrogram ang flatform for you to loose your money, kaya nga wala ka plaga akapag gusto mo ilabas kahit yung samll amont na naiwan kapag natauhan kna, kasi di ka nila papansinin, kasi nga wala naman sila sa bansa mo. at sa huli wala ka magagawa, kaya nga try nyo ityoe ang broker name then add “scam” tingnan natin kung matura kahit isa na hindi nag karoon ng compalin about scamming. for me ALL OF THEM ARE FAKE.

control our greed of money, so your hard earned money will not be wasted. And that is my AIM para makatulong sa nasisislaw na mga kababayan natin. masarap mag trade nakakaddict ang exicitement, but I want to do it sa system na regulated ng Bansa natin. Tol. I understand your point na dapat regulated sa bansa natin ang mga Forex Trading. But what do you think naka pag branch out ang mga International Forex company sa Bansa natin? Daming forex sa Makati. Like what I said Alpari, meron pang iba like Axitrader (Australian based) pero may branch sa Makati. If nakapag branch out sila sa bansa natin ano kayang naka indicate sa business permit nila? Do you think hindi Forex?

I appreciate your research. We have one thing in common which is resourceful. I did researched forex “scam” din and I have to admit there were victims who thought they were scammed but there were people who profited as well. Forex has BIG HIGH RISK that’s why make sure the money you put up into it is an “idle” money meaning you can afford it to loss. To answer the question kung anong na register na brand sa forex based company sa atin eh, I believed its under financial or holding firms like other stock brokers. However even if nilagay nila eh specifically forex sa registration nila, papayagan pa rin sila kasi di pa naman illegal yan sa atin, walang batas na nag babawal nyan na mag tayo sa atin, kaya nga for now its not regulated(meaning may nag ooperate pero hindi pa standardized).Wala silang pagkakaiba sa mga MLM at networking company, hindi sila magiging illegal kung walang mag rereklamo ng fraud or staffa or related illegal claims na punishable by law. Kung meron na sigurong collected complains na hinain sa NBI duon na sila pwedeng kasuhan. initially hindi sila illegal, unless may mag file ng batas na gawing illegal siya sa nationwide or by city ordinance lang. Kaya makakapag operate pa rin sila, Ang problema it is the programmed flatform na ginagamit nila that make us think that we are in forex trading na mahirap patunayan na scam nga kasi walang batas na nag reregulated, kaya marami pa rin ang magiging victim nila bago pa matauhan ang mga subscriber nila(kawawa lang kasi ginamit yung greed o fmoney para maperahan sila).

Hindi ko kayo pinipigilan na gumamit ng mga Scam forex broker na yan lalo na yung mga foreign country based dumayo pa dito, deportation at banned lang naman ang katapat, its a very favorable risk sa kanila kasi they already taken all your money. I know its hard to accept ang sinasabi ko, kaya nga nang hihingi ako ng proof everytime because I want to be proven wrong, kasi gusto ko rin mag trade ng forex, pero hindi dyan sa mga scam company na yan(ALL OF THEM sa Internet).Kapag nakita nyo na rin yung ibig kong sabihin, please don’t forget to campaign also para mabawasan ang mga naloloko ng mga scammer na yan. toomit. com : check out this trading platform. hi, were you able to attend the free forex workshop by learn to trade? I am just curious because, that’s exactly the same thing they said to us.. Were you able to avail or enroll in their classes worth almost half a million? nope, but I understand a bit about forex trading. I got scammed by a bogus broker recently it was difficult to get a withdrawal. I had to hire a recovery solution company to get my money back. Glad this is finally over for me. Forex Philippines | Forex Trading Philippines. How To Choose a Forex Broker.

So you finally decided to jump into forex trading . But to actually begin trading, you should have a forex broker to do your buying and selling of currencies. There are thousands of forex brokers out there. Some of them legit, some of them scams. So how do you know which brokers to choose? Personal Preference Comes First. How I choose my forex broker is a personal preference. I would like to have the option to deposit and withdraw the money with either Paypal or Wire Transfer. So I search for brokers with those feature. On our top broker’s list, eToro has a Paypal feature which is great. Why Paypal? Because its easy and its good for people starting out with little capital. But don’t be complacent in using Paypal for deposit and withdrawals for long term. Because they are easy, they have the highest cost in fees.

If you would like to save money, wire transfer is still the best option, especially for large withdrawals. Is the Company Regulated? Is it regulated? Is it legitimate? Is your money protected? Is your money in a separate account than that of the broker? Ask these questions to the brokers and if all the answers are yes. Then you are in safe hands. We already did the search for you on our forex broker’s list. Do they have Metatrader? Metatrader is the most popular trading platform for forex and for a reason. They have a lot of features that caters both retail traders and bot makers. You can automate transactions, manage different accounts on different brokers in just one application.

Large presets of indicators and strategies built it and programmed in the platform. Plus, you can add your own. If they don’t offer metatrader, then I think you’ll have a hard time managing accounts. Brokers that scam people usually have leverage that are too high so they can milk money out of your account faster. Search for brokers that offer just enough leverage to let you earn money and lesser risk. Don’t be tempted to sign up with brokers that has insane amount of leverage. Its kind of like investment scams, double your money kind of thing. Don’t be fooled. Fast and Reliable Support. From time to time, even with legit forex brokers, you’ll encounter some “misunderstanding”. You want a broker that would talk to you and respond to your queries and questions.

Scam brokers usually good at the beginning and started to fade into the shadows once you have deposited your money. Try their demo account first and then ask them questions. If you like how they respond to you, then that is great. Its always great to have a good relationship with your forex brokers. Because of the frequency of the trades that happen in forex trading, you don’t want to “bleed out” money each and everytime you fill in a transaction. Each spread save, is money earned. Brokers with high spreads usually will not last long. Because of tight business competition in this market, tight spreads are abundant, just be diligent enough to look for them. Spreads for majors that range from 0.5 to 2.0 pips are good spreads in my opinion. The best thing to do when choosing a forex broker is to try their demo first. If you feel comfortable in their platform, their support and their overall service, then you found yourself a good broker. Provided that they are legit of course. If you have reviews about a broker, good or bad, please email them to me so I could make a review for them. I agree.

Try a demo account first before going live. Doing demo trading allows you to get the hang of the broker’s trading platforms. It lets you get used to it. My broker is FreshForex and used their demo for about 2 months. It helped me grasp every feature of its MT4 platform and applied every thing on the live account. Every thing went smooth. I got some welcome bonus, and I also got to be part of their affiliate program which pays me up $20 per lot. Forex and CFD’s are leveraged products that carry a high degree of risk to your capital, and it is possible to lose more than your initial investment. Leveraged trading may not be suitable for all investors, so please ensure you fully understand the risks involved and seek independent advice if necessary. The Top 10 Forex Brokers for Beginners. If you know the basics of foreign currency exchange or forex trading, also known as FX trading, and want to give it a try, there’s more to learn than you might expect. It’s best to have an idea of what you’re doing before you put live currency to the test. The first step is to choose a reputable forex broker that offers educational tools and resources for beginning traders. A few US-based forex brokers are listed below, in order of the minimum deposit required to start forex trading.

With most brokers you will find 245 or 247 live chat assistance and all offer free educational resources on their respective websites. Once you’re ready to roll, you can trade on a computer, tablet, or even smartphone. Practice Account: $25,000. Minimum Deposit: None. A forex broker since 2001, optionsXpress offers live or recorded webinars by their educational team, live in-person workshops, The Insider newsletter and blog collective, as well as the XPRESSO and XPOUND newsletters. Practice Account: Unlimited. Minimum Deposit: None. A forex broker since 2001, OANDA offers demo accounts that do not expire, giving you the ability to practice trading until you are ready to go live. Click on “Academy” for webinars (live or archived), trading basics, and scheduled learning events. Videos on demand are also available to get you started. FOREX. com ( a part of GAIN Capital Holdings GCAP) Practice account: $50,000. Minimum deposit $250. A forex broker since 1999, FOREX. com offers video tutorials specifically for beginners, two hours of webinars, live training, and Q&A sessions to teach you the basics. Fee-based online training courses are also available.

Practice Account: $50,000. Minimum Deposit: $500. A forex broker since 2005, TradeKing offers a robust Frequently Asked Forex Questions and glossary, an education tab on their website that explains the basics, technical analysis, and fundamental analysis, as well as premium education available for a fee. Practice Account: $25,000-$200,000 option for Simulated Account. Minimum Deposit: $2,000. A forex broker since 1991, TradeStation allows you to start with TradeStation Basics, so you can learn at your own pace. Branch out to TradeStation Labs, University, and Events, which includes media and quick tips. Events are both free and fee-based. Practice Account: $50,000. Minimum Deposit: $2,000. A forex broker since 1999, Fortex Capital Marketing offers daily platform walk-throughs and strategy sessions, a library of trading and instrument guides, and a calendar of events (that can be added to your personal calendar) that will teach you how to read quotes and place trades. Self-paced on-demand videos are available for a fee. Min deposit $2,000. A forex broker since 1999, thinkorswim is the TD Ameritrade forex platform . Investor education includes a rookie-learning curriculum with videos and courses to create your own learning path. The thinkorswim Learning Center consists of tutorials, videos, thinkMoney magazine, thinkManual, and Quiz Central. Name: E*trade FX (E*trade Financial Corporation ETFC) Practice Account: $50,000 for 30 days. Minimum Deposit: $2,000. A forex broker since 1982, E*trade's FX tutorials can be found by entering “forex training” in the education resources search box. Web seminars, videos, and articles in “the basics” category were specially designed for beginners. Practice Account: NA. Minimum Deposit: $5,000 ($3,000 for individuals between the ages of 21 – 26) A forex broker since 2002, Place Trade Financial's education center includes tools, widgets, videos, webinars, demos, apps, and investor education courses. Practice Account: After trading account has been approved and funded. Minimum Deposit: $10,000. A forex broker since 1977, Interactive Brokers' Traders’ University offers of a glossary, webinars (live or recorded), unmonitored discussion forums to network with other traders, apps, widgets, cheat sheets, and user guides. The Bottom Line. Bear in mind that foreign exchange trading, also known as forex and FX trading, is high-risk and may not be the best option for individuals brand new to stock market trading andor day trading.

SCAM ALERT! Ultimate Forex Philippines offering Guaranteed ROI! SCAM ALERT! Beware of this company ‘Ultimate Forex Philippines’ that’s offering another GUARANTEED Return of your investment similar to JJPTR, a Malaysian company where the SEC (Securities of Exchange Commissions) released an advisory earlier this week advising the public to STOP INVESTING on this kind of investment activity. Ultimate Forex Philippines is offering from 1.49% daily if you’ll invest $10, 10% weekly for $100 investment and 25% bi weekly for $1,000 investment and so on. (see table below) Upon checking their facebook page: facebook. comultimateforexphilippines and reading some comments they DID assured and guaranteed their investors on the return of their investments. We did WARNED all of you on the JJPTR company before but No One Listened until the SEC released it’s official advisory. Click here to read the official statement from the Securities and Exchange Commissions: HUWAG NA PO TAYO MAGPA LOKO. Tama na! Be financially educated para hindi na tayo ma scam pa. Below is the official statement of our CEO to the ‘forex’ companies that are offering GUARANTEED returns: “ It is very IMPOSSIBLE for any trader or forex broker to guarantee profits to its investor at any time. Forex market is the largest financial market in the world with a daily turn over of almost $4 trillion dollar & we don’t know what would happen next. You can maybe forecast the currencies or the commodity movement for sometimes, but NEVER consistently on the long run. Forex trading is very risky & that’s the main reason why we have our Free forex trading seminar available to any individual who wants to learn how this business works. 1 on 1 training with all of our client is also provided to make sure that they fully understand what they are getting involved with. Remember that you should always be aware of all the risks associated with foreign exchange trading and only invest the money that you can afford to lose. “ Last week we posted another article from the Bangko Sentral ng Pilipinas (BSP) and Securities and Exchange Commission (SEC) are warning the public against the various kinds of schemes proliferating in today’s financial markets, which include those schemes involving “foreign currency trading” transactions. The following precautions should be considered before placing your funds with any foreign currency trading company.

Click here to read the full article. Due to the popularity of forex trading over the past decade, hundreds, if not thousands, of new forex brokers have flooded the market, all seeking your patronage. Our desire is to help you find out exactly which one of these brokers is the right one for you, thereby avoiding a potential nightmare from ever happening before you even get started. - Over 1M Account Registered - More than 250 Trading Instruments - MT4, MT5 and Web Trader Platforms - Full ECN Trading Model - Crypto-trading only avail. for FT Global Limited. – 40% New Member Bonus – MIFID, ASIC, FSA & FSCA regulated – Free Online Trading Coach. - Well established - Beginner friendly - Free Webinars. - Trusted Global Market Leader - Online FX & CFD Trading - 180+ Global Markets, 84 FX pairs, 65 shares, 17 popular indices and more - Forex, Indices, Commodities, Equities & Bitcoin - Available to US traders. - Support in 18 languages - Negative balance protection - 245 Support. - Free ebooks, webinars + Tutorials - Free award-winning daily technical analysis from Autochartist - 1 on 1 account management + mt4 training. - Forex Pairs and CFD Trading - Tight Spreads as low as 1.2 pips - ESMA Compliant. – Min. Deposit $5 – Up to 1:500 leverage with micro-lots (0.01 size) available for everyone – Scalping, hedging, trading on the news, and EAs are permitted at OctaFX. – First Time Deposit Match: 50% Up To Any Max Deposit.

- Well Established - Good Educational Material - CySEC Regulated. – FREE Live trading signals delivered 3 times daily 5 days a week. – Complete Education pack for novices and advanced traders alike. Designed to support long term – reliable trading. – Alvexo’s New Webtrader – user friendly, tailored reports and built in trading signals. Table of Contents – 5 Step Guide. Key Considerations when choosing a forex broker Step 1: Choose a trusted forex broker Trusted Forex Brokers Top List Step 2: The broker’s offer and services Step 3: What to watch out for Step 4: Other considerations Step 5: Checklist of features For non-US traders Concluding Remarks. Forex brokers range widely from the highly reputable and well regulated firms like FXTM or AVA, handling many accounts honorably, to those engaging in questionable pricing and order execution practices, to outright fraud in some cases, like Refco, a highly publicized bankruptcy of a forex and commodities broker that attempted to hide $430 million in bad debts from investors and clients. Customer accounts were not held in segregated bank accounts and suddenly reverted to paying down other creditor claims. In other words, traders lost their money before they were able to make their first trade. Consequently, it is basic common sense that all traders should take their time when choosing their most significant business partner, the one that will support their trading aspirations going forward – their forex broker. The process is called “due diligence” or “vetting a vendor” or whatever name you may wish to assign to the task, but urgency should not be a factor. When it comes to money, there is a criminal element in our society that will go to great lengths to deceive you. Significant research in advance will pay rewards. Take your time to find a forex broker that is worthy of your trust, before you ever send them any money. There are many websites that can help you in your search process.

The staff at Forextraders. com has reviewed many capable brokers and reduced the group down to a list of worthy candidates. The selection process begins by choosing a minimum of three possible brokers, and then following with an evaluation of each and whether they meet your needs. Even after you narrow the group down to one final candidate, you may want to start off slow with a small deposit and small trade positions to validate your initial findings. There is no reason to rush. There will always be trading opportunities around the corner. Step 1: Choose a trusted forex broker. Of course, the first and most important consideration when selecting a forex trading brokerfx involves determining whether or not your funds will be secure in the broker’s hands. There are four aspects you want to examine to make sure your money is safe: Domicile , Regulation , Reputation, and Funding . If the domicile of your forex broker is in a major country with well-developed financial regulation, this legal infrastructure can often help you recover your funds if problems arise. Make sure to double-check the domicile of the company even if the address looks reputable. Sending your money to an online forex broker based in less well-regulated places like the Bahamas or Panama may not be in your best interests. Trying to exert your legal rights in a foreign jurisdiction can be a daunting task, especially if there is no regulatory oversight in the background to support your effort.

Avoiding forex brokers with a dubious base of operations will actually help narrow down considerably the search for a reputable broker! And you want to save time, right? The second security signal to check is whether the broker is regulated or not. You should be aware that opening an account with a forex broker who has taken the trouble to register with a regulatory agency – while a very good idea – will still not guarantee that the company is legitimate or that your trading funds are safe. Nevertheless, by having a regulatory agency involved, a certain amount of recourse exists for a broker’s clients if the company files for bankruptcy or if other problems develop that put the return of your trading funds at risk. To conclude, you should always choose a regulated broker. The third point to check out is the broker’s reputation. Be sure to check the Internet for either favorable testimonials or continuing complaints about the brokers you have chosen for consideration. Especially look for reviews and comments where traders have had difficulties in withdrawing their funds. If you see evidence of this, don’t waste any more time on this broker.

The fourth and last point when it comes to choosing a trusted broker involves the financial security of the broker. Your money will always be more secure in the hands of a forex broker with great financial backing. The broker should be well funded, or have a trusted owner or parent company. These supporting relationships are often disclosed on the broker’s official web site on tabs like “About Us” or “Press Releases”. Although all the top forex brokers represented here should be well funded, it is always a good idea to make sure one extra time. You may also want to visit the website for the regulatory body in the region. Regulators often publish annual statistics on the capital funding for their licensees and whether they are adequate or not. You will also want your broker to hold your funds in segregated accounts at Tier-One banks. Safety and soundness are key factors when dealing with a broker. Use the chart below to compare forex brokers. Here you will find our top choices of brokers that you can trust with your money.

BSP Forex Brokers Regulation. Anyone considering Forex trading in the Philippines is in for a confusing ride. As the country’s financial system is still very much in its infancy and there is stiff competition from neighboring countries such as Hong Kong, Japan, Singapore, and Malaysia. The official authority with monitoring responsibility for the Philippines economy and ensuring it is a safe and stable environment is the Bangko Sentral ng Pilipinas (BSP). The BSP plays a vital role in the regulation of various financial institutions, but Forex brokers are regulated by the SEC. SEC stands for Securities and Exchange Commission and is the agency of the Government of the Philippines with responsibility for regulating the securities industry. Alongside its regulatory functions, it also holds the country’s register of companies. Its headquarters are in Mandaluyong City, Metro Manila. The major functions of the SEC include: Supervising all registered business entities, including the suspension and revocation of registrations Writing policies in relation to market securities Controlling and approving security registration statements Investigating security law violations and imposing the necessary sanctions Issuing subpoenas, punishing contempt and issuing cease and desist orders. Most Secure Forex Brokers Regulated By BSP 2018. What the SEC is permitted to do. The SEC has a long list of responsibilities, aside from regulating Malaysian Forex brokers. The main interest of the Commission is to safeguard the integrity and stability of the financial markets of the country. It has ultimate control over all types of financial organization, including BSP regulated brokers.

All regulated financial companies are obliged to follow the guidelines and instruction set out by the SEC, with no exceptions. The SEC is permitted to issue licenses and also has the power to revoke, renew, cancel, suspend, and terminate them. It is the final decision maker when it comes to deciding whether a company is qualified to be issued with a license allowing it to operate in the Philippines. The SEC is concerned with improving the transparency and integrity of the Philippine financial markets and is able to issue regulatory guidelines and recommendations to reach this aim. It also acts as an advisor to the Government, Congress, and other federal authorities in respect of the regulation of the securities and exchange market. Something which makes it a little different from other regulatory agencies is its absolute power over companies and individuals. And the fact it is able to request help from civil, military, or independent enforcement organizations to assist it in carrying out its regulatory duties. It is also able to issue ‘cease and desist’ notices against a company or individual if it believes the general public is at risk of harm by way of fraud or malpractices. It is able to approach the courts to get resolution of problems, as well as issue search and seizure notices to obtain evidence. Many experts believe the Commission has been given far too much power and that it has had a dramatic effect on regulating national financial companies. Not necessarily in a positive way. Whatever your opinion, the fact that the SEC has such strong powers, usually reserved for higher authorities, makes it a very influential figure in the financial world of the Philippines. Does the BSP have a role to play in regulation?

The role of the BSP is aimed more towards maintaining the overall financial stability of the Philippines, but it does have a role to play in the Forex industry. It has roles and responsibilities which aim to streamline the money exchange process and other financial dealings which take place in the retail trading industry. It determines the exchange rate policy for the Philippine peso (PHP) against other currencies. It is also responsible for overseeing the management of the country’s currency reserves. Having a sound exchange rate policy and sufficient currency reserves is vital for the peso and allows the country to gain an international financial visibility. The BSP plays an important stabilizing role in the country’s economy. As well as regulating all banking and nonbanking financial institutions it also serves as a lender, financial advisor and a body which is able to maintain market liquidity. It does this by aiding other banks and government agencies. Should it become necessary for the economy of the country it is possible for the BSP to extend loans, issue advances, raise capital, offer discounts, and act as a depository for other financial institutions. The BSP has a huge number of important roles to play. not just in the financial sector but in the stabilization of the country’s economy. It issues currency and keeps the money supply as well as maintaining liquidity in the market and developing monetary policies for the Government. No wonder it has turned over regulatory responsibility to the SEC. Is it a sensible choice to choose a BSP regulated broker? It is not compulsory for traders to choose BSP regulated brokers as there are no such restrictions imposed on Philippine traders.

They are, in fact, able to open an account with any broker of their choosing. And while BSP, or should we say, SEC regulated brokers are still considered unable to offer the same level of protection as those regulated by more established agencies, it could be considered a better choice. BSP Forex brokers, nevertheless, do provide a high amount of regulation which is only going to protect your investment in a positive way. If you are really unsure about the direction to take, it is possible to get some expert financial advice. Whatever you decide, the fact you have been proactive in exploring your options is going to serve you well in the future and ensure your investment is as safe as possible from all the sharks swimming in the financial ocean. And let’s be honest, there are plenty of broker scams out there, especially for those traders living in a country where the industry and its regulation is still very new. TopRatedForexBrokers. Com – The Ultimate Guide To Trading Forex Online. Forex brokers are vital for both retail and institutional Forex traders success and it’s also very important to trade using a reliable trading platform. Forex trading is not restricted to professional traders or a few specially chosen people in the market. And top rated FX brokers are able to cater to a wide variety of needs, beginners and amateurs included. All Forex brokers, both good and bad, are free to be used by any trader, regardless of their experience, budget, or type of investment. The secret to finding the best and most secure Forex brokers is to know where to look and how to filter out the good ones. We choose the most reliable and efficient Forex trading companies using a detailed filtering process. It has nothing to do with luck or because the top rated Forex brokers in the industry are easy to find.

You may have already stumbled across them during your daily internet routines, but there’s a good chance you’ll have passed them by without a second glance! However, with our professional guidance, we guarantee you’ll no longer make any mistakes or miss out on an opportunity to invest with the best Forex brokers. From now on you’ll be able to find the most trustworthy systems to trade with, by following our guidelines and listening to our recommendations. Who We Are and What We Have to Do with the Best Forex Sites. We understand how important it is for you to have a reliable Forex trading broker. We also realize you don’t want some random people telling you where to trade and at which sites it would be best to register for a professional trading account. However, be confident in your ability to be in the right place at the right time and to get all the necessary information. After all, this is a prerequisite for traders who are looking for the top Forex brokers. Our team is made up of people just like you, we happen to have a little more experience in the industry. Most of our team are actually current, and ex-traders, and they have the necessary intuition and sufficient skills to identify secure Forex brokers. Along with the right knowledge to help rate them. When we rate any Forex trading broker, we consider many things including their reputation. As well as real customer feedback from open forums and websites that serve as a genuine platform for trading discussions.

This is one of the great advantages of our reviews, because we give you our professional opinion alongside other customers’ opinions. You’ll be provided with all the information you need and be able to use it when considering whether to give each broker a try and test their trading services. Choosing the right Forex broker for you is an important decision. Our experienced traders have signed up, deposited and traded at over 100 different sites in order to come up with the following list. The brokers in the table below are the best fx brokers you will find online. Each one features: A huge range of deposit methods that are credited instantly to your account Cash out times of less than 24 hours Low spreads ensuring the best prices for your trades. Best And Most Trusted Forex Brokers In 2018. The significance of Forex broker reviews and how we review Forex trading companies. Forex brokers reviews are designed to offer an insight into the performance, reliability, and trustworthiness of a broker. And require a significant understanding of how the markets work.

Normally, an average trader can only determine the efficiency of a broker by opening an account and trading the markets for a fair amount of time. Such a strategy may not only involve spending a significant amount of time and money, but can also lead to a drop in trader morale if the broker doesn’t live up to expectations. At Top Rated Forex Brokers, we believe in a fair and unbiased Forex broker rating system. Not only do we showcase the different advantages of a broker, but also concentrate on reviewing the negative aspects of a Forex trading broker. We use our industry-leading Forex review checklist to subject all Forex brokers to a stringent set of quality assessment guidelines. This allows us to provide a fair and reliable representation of the services rendered by a company. All of our Forex trading brokers reviews are compiled by professional traders and market experts, who have been involved in the financial markets for more than a decade. Our collective experience in trading, along with an in-depth understanding of how brokers operate in the market, allows our team to offer you the best information related to choosing the best Forex broker in the market. The Best Forex Brokers – What to Look for in a Top Rated Forex Broker.

Whether your main goal is to find a secure Forex broker or you want to compile a list of all the top rated trading brokers, you need to realize there are way too many brokers in the market. This can prove to be very confusing for beginners. Developing the right skills and building your experience will help you to recognize the really good brokers and sift out the dishonest ones. Which means that once you’ve read a broker review, you’ll be confident you can mitigate the risk to your trading capital and avoid choosing a fraudulent broker. The way to develop such skills is not too difficult. All you need to do is follow our guidelines carefully, and you’ll be ready to register with the best Forex brokers in the world. Here’s a collection of some of the top features and considerations you should be looking for in the best Forex brokers: Regulation – Protect Your Investments with the Help of Leading Regulatory Organizations. Only choose a regulated broker because there will be several mandatory measures that must be followed to ensure the safety and security of clients. These measures are not set out by the broker, but are laid down by specialist agencies in charge of regulating such companies.

These agencies are created by the Government of a particular country or by other specific state authorities, and may act as either independent authorities or as a Government linked agency. For example, Forex brokers located in Cyprus are regulated by CySEC, while FX companies located in other countries such as the UK, the US, and Australia, are regulated by the Financial Conduct Authority (FCA), the National Futures Association (NFA), and the Australian Securities and Investment Commission (ASIC). Additionally, countries such as the US also have specific FX trading regulatory organizations such as the Commodities and Futures Trading Commission (CFTC), which dictates the rules and guidelines for investing in the markets. These agencies take care of all the licensing aspects of a broker, which is an essential requirement for brokers to be officially listed in their primary market. If a broker or any financial company operates without a license, they may well be a scam broker, or might not be as reliable as the other licensed entities in the market. Make sure your broker has a valid license and suitable regulation from a reliable regulatory organization. Reputation – Ensure Long-Term Consistency by Choosing a Reputable FX Broker. A good Forex broker should have a positive reputation in the market. The reputation of a broker depends on many factors, but mostly on the company’s image and its history with existing customers. A broker is typically owned and backed by an independent financial provider, and if the parent company is not especially known for its reliability, you’ll eventually see a lot of negative opinions expressed about its trading services. However, a company’s online image is not the only thing you need to consider.

There are hundreds of online review websites where the rating charts can be tampered with and manipulated according to the writer’s whims and fantasies. However, many of these ratings may be submitted by real traders, who are existing or past customers of specific trading platforms. Or by anonymous reviewers who wish to discuss the pros and cons of a particular service in open forums. Review forums may also contain ratings and discussions performed by experts (that may include paid reviewers), who have the necessary qualities and experience to comment on the official performance of the various trading websites. xm XM has received numerous accolades and awards for the quality of its financial services and its innovative trading platforms. award3 award4 Licensed and Regulated Broker Focused on the Client Flexible Trading Conditions XM Review. Types of Forex Trading Accounts – a Trading Account for All Categories of Trading Capital. The Forex market caters to the needs of a global community of traders, with access to varying amounts of trading capital. Not all traders are endowed with a large amount of trading capital. Which is one of the reasons why Forex brokers now offer different types of trading account to suit the varying levels of investment by clients. Some brokers offer a trading account for as little as $1 initial deposit. Most mainstream Forex brokers, on the other hand, mandate a minimum capital requirement that ranges between $100 and $500. ECNSTP Forex brokers may increase the minimum capital requirements further, requiring traders to invest at least $1000, but there are brokers that offer DMA accounts for $100 or less. The accounts can also be classified according to the tradable lots, which may include Micro accounts and Standard accounts. Micro accounts give the freedom to start trading from 0.01 lots with high leverage.

Standard accounts typically involve trading contracts that start from 0.1 lots and considerably lower leverage than Micro accounts. Forex Trading Platforms – Choose the Most Reliable Interface for Trading the FX Market. Factors to Consider When Choosing a Platform. Is it free of charge? Is the software Internet (Java or HTML), Windows or Mac based? What types of orders are available? What charting tools are available? Is the GUI user-friendly? Is there an access to the historical data? Does it provide additional features? A solid trading platform is a must for any broker to be worth your time. If the broker uses unreliable and complex trading software, there’s a good chance it will be ignored by most traders, especially beginners. Of course, the main priority for an experienced and professional trader is to check the reliability of the trading software before actually opening a live trading account. Usually, a broker’s platform would be powered by some of the most innovative and leading software products like MetaTrader, cTrader, TradingStation, JForex, and other leading third-party trading solutions.

However, this is not the only factor to bear in mind. Today, most traders prefer to choose from an array of different trading platforms. Including those that not only offer comprehensive support for desktop trading, but also offer the option of an excellent and intuitive mobile trading platform for unabridged mobile access to their trading accounts. In most cases, this is possible when the broker has either an official mobile version, or provides specially tailored apps for tablets and mobile platforms. Mobile trading is beneficial to traders because it provides them with the chance to trade on the go. This means they’ll never miss an opportunity to trade and take advantage of the latest market movements. There are plenty of traders that prefer mobile trading over the traditional desktop experience due to their hectic lifestyles and busy schedules. This necessitates the need for brokers with a good reputation to offer excellent mobile apps along with the traditional desktop platforms. Trading Features – Discover the Best Trading Account Features for Your Investments. It’s imperative for traders to receive an excellent set of trading features, and these are usually offered by the best Forex brokers in the industry.

This is where different trading options can be involved. For instance, beginners will look for a broker that offers a user-friendly learning center, market research, and automatic trading signals. More experienced and advanced traders prefer a site where live streaming channels show the latest news and detailed market analytics. Experienced traders are sure to be satisfied if the broker doesn’t impose any trading restrictions and strategies such as hedging and scalping are allowed. Trading features also include account characteristics such as beneficial spreads, feasible leverage, and ECNSTP account protocols. A high payout ratio and availability of all trading assets such as stocks, foreign currency pairs, indices and commodities are also important. As well as educational material and other modern account features that enhance the security of trading. Financial Instruments – Trade the Largest Market with a Broad Range of Currency Pairs. The Forex market allows a trader to invest in virtually any currency pair in the world. There are more than 150 widely traded currencies in the world, and each currency can be pegged against another currency, which is then floated freely in the market. The buying and selling of currency pairs ensures there is sufficient volatility in the market, which is taken advantage of by short-term traders and investors. Along with the wide range of currency pairs, Forex trading also provides access to commodities, CFDs, and metals, which are all part of a broker’s overall product portfolio.

While most Forex trading brokers try to incorporate as many instruments as they can into their trading accounts, some FX companies may limit the number of available instruments to a minimum. In order to offer a less complicated trading account. In other cases, brokers may offer a comprehensive range of financial assets, including stocks, bonds, and indices, to take the total count to more than 10,000 instruments through a single trading account. Therefore, always consider your investment strategies and risk-appetite, before choosing a Forex brokerage firm and investing in the different financial assets. hycm Trade more than 100 instruments Spreads from 1.5 pips Start trading with $100 Forex Commodities Indices HYCM Review. Trading Protocols – Reduce Your Conflict of Interest. Trading protocols are defined as the mode of connection between a trader and the markets. Primarily, there are two different types of brokers, the market maker broker and the Direct Market Access (DMA) broker. Market maker brokers use internal dealing desks and trading platforms to connect orders internally. Which drastically reduces the liquidity in the market, but at the same time increases the conflict of interest between a client and their broker.

Direct market access protocols, otherwise known as ECN or STP protocols, offer direct access to the global liquidity pool, which offers great trading conditions that don’t involve any conflict of interest. The best Forex brokers in the market usually offer both types of accounts to their traders, but some brokers may stick to either the market maker model or the DMA protocol to streamline their FX services. Trading Costs – Keep Your Trading Economical and Cost-Effective. Traders are subjected to different trading costs and fees and these contribute to the overall revenue of a broker and its annual profits. The main types of fee incurred in Forex trading are the spreads and commissions, which are considered to be the most direct form of charging traders for the services rendered. The top rated Forex brokers are those that offer the lowest spreads and commissions in the industry. Average spreads can fluctuate between 1 pips to 5 pips on the major currency pairs, while ECN Forex brokers may offer raw spreads starting from 0 pips. ECNSTP Forex brokers often charge additional trading fees known as commission (due to the lowered spread from direct market access trading), which can hover between $2 and $20 per lot traded. Other trading costs may include fees for SWAPs, depositswithdrawals, account management costs, and subscription costs for allied products and services. Types of Forex Market Orders. Forex is an important part of the global financial market.

Orders are transacted in incremental lots as per the market conditions. Orders are transmitted through brokers according to different trading conditions, but there are different types of Forex market orders available to traders as per their trading requirements. The most popular market order is an order to buy or sell a currency pair at the best market price, and is carried out instantly according to the liquidity in the market. Other types of Forex orders include: Limit entry order – Orders are filled above or below a certain price Stop loss order – Closing positions at predetermined price Good till cancelled order – Pending order to open a position at strike price until cancelled by trader One cancels the other order – Order where one position cancels the other pending order. As per the CFTC rules, there are other types of orders such as the FIFO (First In First Out), and other pending orders. All of which depend on the regulatory status of the broker and the broker’s specific Forex services. Payment Methods – Make Safe, Secure and Fast FX Transactions. Offering a choice in the variety of payment methods, along with great ease, convenience, and security of payments, is often seen as a good quality for a broker. The efficiency and reliability of a broker’s payment methods will affect both your investments and your profits. To commence your trading operations with a broker, you will first need to make an initial deposit.

Every broker will have their own minimum deposit requirement. And if you’re a beginner, you’re going to appreciate a broker that offers an incredibly low deposit amount option. Most brokers usually have no issues with deposits, but making a withdrawal is an entirely different ball game. Withdrawal is the process of taking out your money (including deposits, profits, and bonuses) from your trading account. Bear in mind that different brokers have their own requirements for making a withdrawal. Usually, there are restrictions as to the amount of the payment with both maximum and minimum levels, as well as the frequency at which you may claim your profits. In some cases, brokers limit withdrawals within a certain period of time i. e. for a week or a month. Sometimes, there are also fees charged on deposits and withdrawals. However, top rated brokers committed to the welfare of their clients don’t usually charge any fees or commissions for payments. As for the types of payments themselves, the more variety offered on a platform, the better. Thus, the trader is at liberty to choose a payment method that best suits him or her. Payments via debit or credit card, as well as via bank wire transfer are common and can be found as a default payment option with any broker. But most traders today prefer to use electronic payment systems like PayPal, Neteller, WebMoney, Skrill, Bitcoins, etc. The leading Forex brokers in the industry realize the benefits of offering online payment processors, especially since a vast majority of traders opt for e-wallets and online payment systems for making their payments. Forex Bonuses – Increase Your Account Equity with Negligible Risk.

The availability of a bonus system is one of the main broker features traders usually consider an important factor when deciding whether a broker is good or bad for their investments. Although we do not believe that a Forex bonus should be the sole feature you look for when selecting a Forex brokerage firm, we appreciate that it matters for some traders. We mention this because there are many new brokers in the industry that have a bad reputation for scamming new clients. And it is done by offering giant bonuses in order to attract more sign-ups. Stringent tradingaccount conditions are then imposed to prevent clients from making a withdrawal. The same thing happens when the broker begins losing its reputation and tries to hold on to its current audience. Brokers may also provide attractive bonuses as well as resorting to paying reviewers to remove the negative feedback that is prevalent in online forums. Forex trading companies usually provide some exclusive promotions without mentioning all the cons of accepting such types of bonuses. Don’t fall into this trap. Bonuses are great, especially the ones such as the no-deposit bonus or the refer a friend program. But these offers should not be your sole criteria when forming an opinion of a broker, without taking into account the rest of the trading features and conditions that we have outlined above. Comparing Pros and Cons of Forex Trading Brokers and Their Trading Platforms. Most of today’s Forex broker reviews have specially tailored sections that list the different pros and cons of brokers. Numerous features and trading conditions are compared side-by-side. These comparison tables offer a brief evaluation of the different trading platforms and brokers under scrutiny, by showing both the strong and weak points.

If the pros are more substantial than the cons, you can be sure the broker is reliable in offering high-quality Forex trading products. Always make it a priority to pay close attention to the comparison section of any Forex broker review. It will help you to make a quick evaluation of a broker’s features and give you a fair idea of what you may have to deal with on a day to day basis. Customer Support – Choose the Best FX Broker for Professional Support. Good customer support service is the last thing we would suggest to our readers, as it can serve as a reliable indicator of the best possible Forex brokers. The customer support team should act as your direct connection to the broker. Such a team should be composed of the best customer support representatives and professional account management specialists. They should be able to effectively communicate with customers during regular market hours, or even during off-market hours such as the weekends and holidays. It’s the responsibility of a broker to reply to your queries when you need additional information about the broker or a certain feature they provide.

They are also supposed to respond to you promptly if you have any issues with the financial aspects of their services or their website. This is because it might require a quick resolution due to the fast-paced nature of the markets. Top rated Forex brokers provide 247 customer support services so you can always rely on their support team, no matter what time of day it is. Although 24X7 customer service is an important aspect of a broker, the language, and medium of communication also matter to a great extent. By language, we refer to the list of official languages used by the broker for customer interaction, and the efficiency of the individual customer support services that are provided. Of course, most brokers offer English as the default language for customer support, but the global appeal of Forex trading means there is a chance that a majority of traders might not be proficient in English. Therefore, a decent broker must take such a factor into consideration and adopt multiple languages into its customer support services channel. Everyone’s needs should be met regardless of their nationality and language. Your Best Choice for Forex Customer Support. Phone: +1-212-941-9609 Email: [email protected] com Live Chat: Yes No. Last, but not least, there is something else that matters when it comes to maintaining good customer support services from the best Forex brokers – the primary method of communication between a broker and its clients, also known as customer support channels. These are different approaches to customer interaction channels. They are developed by a company to enable clients to reach someone from the support team and can be chosen according to individual trader preferences. The most common communication methods include phone calls (preferably 100% free), e-mails, and online web contact forms. E-mails and online contact forms may involve a delayed response and tend to take longer when it comes to resolving an issue. Of course, when it comes to an emergency situation, it would be nice for the Forex trading site to offer the convenience of a live chat option for instant questions and answers.

And many do. How to Find Top Rated Forex Brokers Online. It’s difficult to come up with a precise list of the best Forex brokers in the market. There is an extensive collection of companies from all over the world. And it’s close to impossible to satisfy all of a trader’s particular preferences, requirements, or demands. In essence, you have to carefully consider your own priorities. From there you will be able to devise a list of your preferential trading requirements. Which in turn will help you in your quest to find a reliable Forex broker. However, when you are confident about your primary requirements, you can adopt the following when searching for a reputable trading platform, registering a live Forex account, and trading the markets. Qualified advice from all around.

Take some advice from good friends, family, or other helpful people in your social or professional circle. Those who already have some form of experience in the Forex markets, either through trading or other activities are the best to approach. Seasoned Forex traders should have many years of trading experience in the market. This will have exposed them to some of the top rated Forex brokers offering the best services in the industry. Seeking help from people around you is an optimum choice, as it will help you to get reliable and genuine information about a Forex trading company. As well as some useful tips for to how to proceed with a broker. Dealing with real people and reviews can also help you learn the best features of a broker and how to get the best trading conditions for your investments. Professional advice from experienced traders can be incredibly helpful for your trading career, so never underestimate their help or assistance. Seeking expert advice does matter a lot to a trading beginner, as there are numerous risks and loopholes in the industry with the potential to create a hostile environment for amateur traders who are new in the field.

Expert reviews from experienced and trusted professionals. Read through focused Forex broker reviews that are capable of offering a clear insight into the intrinsic qualities of a Forex broker. Many websites provide different types of reviews according to their overall affiliate or promotional campaigns, but here at TopRatedForexBrokers. com, we provide top-class Forex broker reviews guaranteed to partner you up with leading, reliable, and regulated FX trading companies. We will never recommend a scam broker and are committed in our efforts to discover the numerous top rated Forex brokers in the market. A Forex broker review not only provides brief information into the details of a specific trading platform, but also provides some vital data into understanding which broker is safe to use and which ones to avoid. Broker reviews are excellent in providing you with preliminary facts you should be aware of before registering for a live trading account. For example, if you are a beginner in the industry and have come to hear of a broker that offers the promise of a highly profitable trading account, your first reaction may be to visit the broker’s official website, register and open a live trading account as soon as possible. However, in your haste to take advantage of such a unique offer, you may fail to realize you’re unable to sign up for the broker’s services.

It could be because the broker restricts traders from your country, because of regulatory issues or the lack of deposit methods you can use to make a payment. A thorough Forex broker review will provide you with all such information in advance so you won’t lose any precious time in dealing with any FX brokerage firms that don’t suit your primary trading requirements. Comprehensive research through online and offline sources. Do your own research to complement the information found through Forex broker reviews and advice from other market participants. Regardless of the numerous online reviews and snippets of advice, the onus falls upon you as a trader to perform your own research. Of course, it will take time, but it will be time well-spent. Well-planned research will require you to evaluate the different aspects of the leading FX brokers you may come across online. And that includes checking out their features, reliability, regulatory protection, and efficiency of trading features through comprehensive broker analysis. Once you begin to develop a fair idea of a company’s services portfolio, you’ll know what to expect from that particular broker’s inherent characteristic. The job of researching a Forex broker and finding out all the relevant information is not as complex as one might assume. You can visit several online trader forums that have exclusive discussions about the different Forex companies, and you can join in with the discussion.

You can also see what the big traders are talking about regarding the overall services rendered by a particular FX broker. Make a list of the most-discussed brokers and start investigating them one by one. Visit rating pages that contain expert opinions and reviews from existing traders. Because they will have sampled the trading platforms through live trading accounts under real market conditions. Eventually, you’ll end up with a handful of Forex brokers matching most or all of your trading preferences. Shortlist your preferred FX companies by visiting their official websites and getting in touch with the customer representative teams. Verify the information you’ve gleaned while doing your research and find out about opening a live trading account. Test the different brokers through live or demo trading accounts. You can experience the reliability and efficiency of a broker by registering for an official trading account and investing your own money. Keep your initial investments to a minimum by depositing small amounts into individual broker accounts and by making a few trades with each account to analyze the overall convenience and reliability of their trading environments.

Of course, trading the markets with real money to find the most trusted Forex brokers, may sound too risky and expensive in the long run. If you’d rather not spend your hard-earned money looking for a reliable Forex trading company, don’t worry. Other free alternatives might work for you. The majority of FX brokers you find from your Google search or via other methods, usually offer a great and convenient feature, known as a demo account. A Forex demo account is an excellent, risk-free trading environment that provides you with the chance to make free trades. By doing so you get to test the broker’s services and trading platforms without investing or risking your own funds. A demo account requires an official registration with a broker. And you may be required to submit several pieces of information such as personal info, email address, physical address, phone numbers, and other personal data. However, FX demo trading accounts don’t usually require a deposit or any other investment. You can use a demo account to make trades under live market conditions, but you cannot lose or win money due to the simulated nature of such types of trading account. Demo accounts are considered as mere simulations, and only intended for practice. You should certainly use the demo account feature if you are a newcomer to the Forex market. In the beginning the theory behind it all can be very overwhelming and you’ll want to practice what you have learned.

The best way to put your ideas and new found knowledge to the test is by trading with zero risk which is afforded by a demo account. Even though most leading Forex brokers offer a demo account as part of their trading services, you should be aware that a demo account is usually offered only for a limited period of time. Demo accounts have a specific trial period, and brokers may offer up to 2 months demo for a trader to get used to the platform. In some cases, brokers might limit the demo period to 1 week, while other brokers may offer unlimited demo accounts. Therefore, you should consider your options carefully to ensure you are able to learn the dynamics of the markets well before your demo trial period runs out. Once the demo period expires, you’ll be required to open a real trading account and make your first deposit within a specified period of time, in order to remain as an official customer of the broker. If a you fail to make the required deposit, you may no longer be granted access to the website or its trading features.



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