Tag Archives: Forex Brokers

Best Forex Broker

3 Quick Tips for Choosing the Best Forex Broker

To run a forex trading business successfully, it is really important to have the best forex broker. These days, a lot of people are considering getting involved in the forex business because of the opportunity it offers for making money. But, with a good broker, trading strategies and trading system, it is hard to make any money at all. In fact, you will be losing what you have invested.

    Best Forex Brokers

  • DukasCopy: This Swiss forex broker has excellent reputation as one of the best online forex brokers.
  • Forex eToro: If you can’t afford to go for dukascopy, then you may consider eToro.

Now, when it comes to choosing a broker, here are some tips that can help you make the right decision.

Reputation
With so many brokers already making their places in the currency trading market, it is important to get hold of someone who has a good reputation. You can find a lot about the reputation of different brokers on review websites and forums. These reviews are usually posted by people who have had experience trading with certain brokers. These are unbiased and will tell you exactly what you can expect from the brokers. You will also get an idea whose services are the best and who all are fake.

Regulations
The broker you choose should be regulated. There should be regulatory authorities in his country that monitors their activities. The best forex brokers would conform and adhere to the rules and regulations of the industry.

Pip Spread
Forex brokers charge commission based on the pip spread difference of the trading currency pair. This value will be determined by your broker and most of the time they change it to suit their interest. When they fix a greater fix spread, they will be making a huge commission on the currency you trade and you will be making less. Therefore, to maximize your profit, look for a broker who has low pip spread and has the value fixed.

These are some of the tips that you can use to get the best forex broker. For a more detailed explanation see our guide on how to choose the best forex broker here.

Finexo

Finexo is an online Forex broker that offers web based Forex trading. In this Finexo review we will examine the features of Finexo and review their performance based on actual customer reviews.

Finexo Review:
It is pretty easy to open a currency trading account at Finexo. They have different account types that cater to various levels of trading: beginner, intermediate, and expert.
Supports lot of Currency Pairs: Finexo offers trading in more than 155 currency pairs including the most commonly trades pairs which allows you to trade flexibly and maximize earning potential.
Secure Transactions: One of the important features we look into a forex trader is their security features and we found that the Finexo firewall system is 100% secure. You don’t need to install any software as the web based trading platform takes care of it for you..
Apart from this Finexo also provides online tutorials and daily forex reports.

Easy Access to Finexo Broker   |   Get Finexo Demo Account

Dukascopy

Dukascopy is a Swiss Forex broker that is unique in the sense that it utilizes the financial security of private Swiss banks, as well as the Swiss Foreign Exchange, for trading. Accounts for this exclusive broker will require at least $5,000 to start.

Dukascopy Review
Dukascopy accounts boast of many features, such as high funds security, ECN liquidity, . Private Swiss Bank services, arguably some of the best bank services, are also included. There is also access to exclusive Forex news and analyses, and a 24/6 tech support system available.

For those wishing to test the broker, Dukascopy offers a 14-day demo account. The amount of this account is variable depending on your chosen trading situation: you may go as low as $100,000, or as high as $5,000,000 when testing the waters.

Update:
Dukascopy announced the new minimum deposit conditions for retail clients following contstant investor demands. From 15 March 2010 onwards trading is available starting from deposit of USD 1’000.

Visit the Official Website of Dukascopy