Forex Broker Reviews
The Forex, FX or Currency Market is a global decentralized foreign exchange that allows to trade currencies that determines the exchange rate. Means all trading is conducted electronically while transactions performed via networks between the participants and traders around the world 24/5 across the financial sessions at every time zone.
- Forex Trading is the largest and the most liquid instrument worldwide with an average volume of around $2.4 trillion per day. That is done because the currencies need to be exchanged in order to enable conversion and assist in international businesses.
- The main participants of Forex are international banks that work through financial institutions, the banks that are turned into the financial firms with involved large quantities of forex exchange known as dealers. All together it creates an interbank market that operates very large amounts daily.
- The currencies are always traded in pairs, thus there is no absolute but a relative value through the market price of the particular currency.
Currently, the number of Forex Trading Brokers increases daily, while more and more retail traders joining the markets and showing the rapid growth of the segment.
Typically exchanges are traded in an over the counter model where brokers negotiate one with another. Therefore, there are two types of FX Brokers the one operating as an agent by seeking the best price in the market for a retail order or the dealers that are principals in the transaction and quote the price to deal with.
Last but not the least is the Broker’s regulatory status, as in its growing demand it is a fact that only authorized, hence legit, Broker adheres to the best practices and provide safe regulated access to trade markets. Otherwise, you never know if you fall under fraudulent activity even though the offering may seem absolutely attractive.
Min. Deposit: 500 US$
Max. Leverage: 1:30
Trading Platforms: MT4
Min. Deposit: 250 US$
Max. Leverage: 1:30
Trading Platforms: ActivTrader, MT4, MT5
Regulation: FCA, CBS