Top Trusted Forex Brokers
by SHARIEF NAJJAR Trading Expert - Forex Financial MarketsThis year the trading
become more harder and complicated for the most of the professional traders, specially
whom using Automated Trading, actually the market for this year depends more on
Fundamentals, because much affected by ridiculous Trump tweets.
I have tried many
brokers since 18 years ago, each broker having advantage and disadvantage
points, but regarding of the most trusted in the market they will be as a
following Top Forex Brokers – Tier 1
1- Dukascopy Bank
Top Advantages:
A- Dealing with a real regulated bank since
1999, each client got trading account with IBAN, so you do deposit to your
trading account such as a normal deposit in the other banks plus you can open a
current account.
B- Regulated by FINMA, also as a bank it
should be regulated by Swiss National Bank.
C- Deposit insurance 100,000 CHF for each
account.
D- Very fast trading execution less than a
second.
E- The most advanced mobile trading application
F- Possibility to merge the multiple open trades
for the same instrument in one trade
Top Disadvantages:
A- Not suitable for small accounts because
doesn’t allow micro lots for Indices and Oil.
B- High Monthly Adjustment fees for the
indices and oil.
C- Small range of Metals and Forex products
D- Trading Future Contracts not Available.
2- IC Markets
Top Advantages:
A- Big trade name with huge monthly trading
volume, one of the Top 5 within trading volumes and active clients
B- Australian company regulated by ASIC
C- The best customer service i ever had and
very fast withdrawal process
D- Wide range of the Payment Methods and
accepting PayPal.
E- Fast Trading Execution.
Top Disadvantages:
A- High swaps for the spot Indices and spot
Oil
B- Trading Futures not available
C- Not allowing micro lots for Indices and
Oil.
D- New clients outside Australia have been
forced to open accounts under CYSEC and Seychelles
E- Max withdrawal via same card = 100% of
the total deposits, so you need to withdraw your profit only via wire transfer
3- AVA Trade
Top Advantages:
A- Very well regulated by the Central Bank
of Ireland and other 4 Authorities
B- Big range of products with ability
trading future for most of the instruments such as Indices, Oil and other
Commodities.
C- Withdrawal via same card = 200% of the
total deposits
D- Good Bonus on first deposit
E- Managed Accounts
Top Disadvantages:
A- High spread and negative swaps for the
both trades directions (long or short) on all instruments
B- Don’t accepting PayPal as a payment
method
C- Poor Client portal
D- Can’t do internal transfer between your
accounts which hold by different currency base
Conclusion: All above are tier 1 brokers providing good
service but always you need to check around the social Forex forums and read more
about the recent reviews on your broker
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Created on Nov 12th 2019 04:20. Viewed 1,092 times.