Forex, also known as foreign exchange is a decentralized global market where the entire world’s currencies trade. The forex market is the largest, most liquid market in the world with an average daily trading volume exceeding $5 trillion.
What is a Foreign Exchange Market?
The forex market is the market in which participants can buy, sell, exchange, and speculate on currencies. The forex market is made up of banks, central banks, investment management firms, hedge funds, and retail forex brokers and investors.
What are the ways in which one could invest in the Forex Market?
There are a number of ways in which one can invest in the Forex market, which are as follows:-
- Foreign Currency Futures: These are basically future contract on currencies which are based on a standard size and settlement date.
- Exchange-traded funds(ETFs): Exchange traded funds and exchange-traded notes provide exposure to foreign exchange markets.
- Certificates of deposit (CDs): Foreign currency certificate of deposits are available on individual currencies or basket of currencies.
How to start investing in the Forex Market?
Firstly we need to open a trading account. While opening the account we must be aware of various factors. Secondly, there are two main ways to trade in the foreign currency market one is the simple buying and selling of currency pairs. The second way is through the purchasing of derivatives.
Who is a Forex broker?
A forex broker is an intermediary between you and the “interbank.” Interbank is a term that refers to a network of banks that trade with each other. Typically a Forex broker will offer you a price from the banks that they have lines of credit with.
Why BlackBull Markets can be christened as the ‘Best forex broker’?
BlackBull Markets began in Auckland, New Zealand. The most integral vision of BlackBull Markets was to offer institutional level resources to retail clients. The services which set apart BlackBull Markets from other stockbroker making it one of the best brokers of the world is their proprietary in-house trade-order aggregation software.
BlackBull Markets also sets themselves apart in this field by offering professional services to their clients, such as personal account managers, daily market condition updates, and analysis for an overall superior product to name a few.
The customized client services provided by BlackBull Markets has led to its recognition to spread which has further brought about the expansion of the company with offices now in Auckland, New York, Kuala Lumpur, Jakarta and soon to be in London.
BlackBull Markets is headquartered in Auckland, New Zealand and are registered with the Financial Services Provider Registry (FSPR) and are a member of the Financial Services Complaints Limited (FSCL) dispute resolution scheme.
They are an NDD broker and therefore they don’t create markets, making them a trusted Forex broker with no conflicts of interest. BlackBull Markets also provides access to the safe and secure FX platform and MetaTrader 4.
Though the company has its head office in New Zealand there is significant demand for their products which has likewise resulted in rapid growth of the company and has thus led to avenues for expansion of the company. BlackBull Markets has a global presence with new offices being opened in both Malaysia and New York and now they are further expanding into South Asia and Europe regions in the near future as well.
The most important markets for BlackBull Markets are South Asia and Europe, with offices recently opened in Jakarta and soon to be opened in London to expand their presence. The most important perks of having a global presence is that it allows the company to provide the client with 24-hour access and assistance during trading hours throughout the world.
In the recent era, foreign exchange market is gaining grounds as more and more investors are parking their funds in foreign exchange transactions, BlackBull Markets are looking forward to riding this wave and become the world largest financial service provider.
It is quite evident that small brokers will leave the European market for offshore jurisdictions, and companies which endeavor for growth like BlackBull Markets, thanks to improved transparency, will attract clients who are not ready to make the sacrifice of reliability in order to receive trading benefits.
The market will continue growing because there is enough room for expansion. In general, the Forex market will transform into a strong financial institute with corresponding requirements and guarantees. BlackBull Markets houses its servers in groups and thus creates a large digital marketplace with worldwide connectivity.
These data centers are very reliable and available 24/7, which makes the company never miss its targets. BlackBull Markets Business Continuity trading rooms provide backup facilities in case of crisis and the facilities with keep on working even in case of a disaster.
The main vision of BlackBull Markets is that its operation should not suffer any downtime and this commitment makes the company strive for excellence, making it the best broker in recent times.
BlackBull Markets enables its clients to use multiple liquidity channels by constantly processing the live interbank spread quotes and fully integrating it into their system. When a client places a trade it is processed by the lowest current liquidity provider that the company has in its system and they also make sure that the client gets the best possible price.
Due to its commitment towards its clients, BlackBull Markets is growing at leaps and bounds.
BlackBull Markets uses highly efficient servers which mean no matter which Equinix server the client is using the execution engine facilitates a highly efficient integration of data and information flow every time any trade is placed.
The company uses latest operational technology and hardware such as, Straight through Processing (STP) for the quickest possible virtual route for you trade orders and minimal latencies, Electronic Communication Network (ECN) for the fastest internal communication speeds, Fibre Optic connected systems.
To make sure all of our systems work perfectly when integrated, they are connected in entirety by Fibre Optic cabling, No-dealing desk (NDD) broker entirely removes the conflict of interest. BlackBull Markets global network has been set up with speed, reliance, efficiency, and security as the major features of the company.
The company constantly strive to uphold high standards of compliance and ensures an environment of transparency, this reinforces the belief of the clients on the company.
BlackBull Markets is a New Zealand registered and incorporated company. They are registered with the Financial Services Provider Registry (FSPR) and are a member of the Financial Services Complaints Limited (FSCL) dispute resolution scheme.
The company also maintains a strict Anti-Money Laundering (AML) / Counter Financing of Terrorism (CFT) policy; to ensure their Brokerage are ethical and the policies of the company are directed towards the benefit of their clients.
Best Forex Broker in the US
All US forex brokers must be registered with the National Futures Association (NFA), the self-regulating body that provides the regulatory framework. The NFA also offers an online verification system called the Background Affiliation Status Information Center (BASIC), where forex brokerage firms can be verified.
BlackBull Markets has a presence in New York in the US and qualifies to be one of the best brokers and therefore investors can thus choose them to be their investing partner. Explore More
Best Forex Broker in the UK
The lack of transparency in the Forex market has left it vulnerable to numerous instances of malpractice. In the United Kingdom, the Financial Conduct Authority (FCA) acts as a watchdog.
BlackBull Markets are soon to open an office in London in the UK; presently they have a server hub there. Investors looking to invest in the forex market can choose BlackBull Markets as their investing agent as it has the recognition of being the best broker. Explore More
Best Forex Broker in France
Established in 2003 under the Financial Security Act, Autorité des Marchés Financiers (AMF) is the main agency in France that is responsible for safeguarding the stability of the French financial markets.
BlackBull Markets still now do not have a presence in France but are keen on venturing into forex markets worldwide and therefore France is a new market for them where they will soon to establish their dominion in the near future. Explore More
Best Forex Broker in Canada
Each country’s currency is managed by its central bank and/or government, and each often uses a different process, that’s why it gets tricky navigating the brokerage world. One of the biggest perks of trading with a Canadian forex broker is the Canadian Investor Protection Fund (CIPF), which ensures every trader’s account for up to $1 million.
In Canada too BlackBull Markets do not have a presence but are keen on expanding worldwide which also brings Canada under their consideration. Explore More
In conclusion, we can say the major trend in the Forex industry for the next several years is the consolidation of market players amid the increasing legislative pressure. Thus we are confident that BlackBull Markets will go from strength to strength in the coming time and will provide its clients with world-class financial technology making it the best forex brokers of all time.