With the advent of digitalization, looking for the best forex broker is quite easy. Now there is no need to be every time present on the phone. Earlier, all the deals had to be made through the mobile phone or telephone. But now this traditional system of dealing in the forex market has been completely replaced by the online setup. Now one can compare things and can go for good deals before investing. Sitting at home or at your office desk, you can browse plans whenever you want to. But the simpler it looks, the more difficult it is. It is not that easy to choose a forex firm as well as a forex broker. The one, who invests his /her money, expects a good return by achieving h/her financial goals. So it is important to have a right and genuine forex broker and choosing the right and genuine broker is not a simple task.
What is Forex?
Forex is an acronym used for foreign exchange. Every country has its own currency. For example, India has Rupees as its currency, the U.S. has Dollars ($), France has Euros, etc. Now if you wish to travel the U.S. then you need to convert your currency into Dollars. The forex market is a market where foreign currency traded. The exchange rates continuously fluctuate depending upon the demand and supply of the market. It all depends upon your estimations. If you think that a particular currency it could be any like dollars, pounds, rupees will increase in value, then you can buy it and if you think that particular currency will decrease in value, then you can sell it.
Why Invest in Forex Markets?
Who does want an investment that offers you a high rate of return? Sometimes, it’s not about saving; it is also about how you invest your money in the right direction. Investing with a right judgment you can earn a good sum on your investment. And that’s probably the best reason to invest in the forex market. Whenever you think that the value of the currency will increase, then you can buy the currency and earn a profit and whenever you think that the value of the currency will decrease you can sell the currency. A right thought combined with an experienced and genuine broker can make your savings grow.
How to Choose the Right & Genuine Forex Broker?
The foreign exchange has become the largest financial market. Now the forex markets being a single click away combined with the global accessibility has emerged in the market tremendously. As there is no availability of a centralized place for a forex market and is usually done via the internet, so it becomes crucial to for the traders to select a forex broker. And choosing the right one can be really difficult sometimes. The forex brokers help in a smooth flow of currency trading guiding you throughout.
Sometimes it can also happen that one is not well aware of the financial market. So at that point of time, a forex broker can help you in a better way, giving you a direction to where to invest your money. We will not take a look at how to choose the right and a genuine forex broker. Save yourself from the overwhelming task of selecting the right by logging onto blackbullmarkets.com or else you can even view what qualities your forex broker must have.
We can not surely invest our hard earned money anywhere i.e. where the broker says he is a legit one. Just by saying one can not trust when it comes to money. So the first important thing to look for a right and genuine broker is to have a securities broker. The broker or the firm must have registered himself or his company with a particular regulatory agency. Check the registered regulatory body of the species to which the broker belongs to and then verify that is the broker registered with that regulatory body or not. One should not only select the broker by going for the good offers but one should first verify this that the broker is really a legit one or not.
The next important step is to look for a user-friendly trading platform. As these days, the forex trading is mostly online, so one should look for a stable and user-friendly trading platform where one can access all the important information regarding the forex market so that he/she could understand the market efficiently.
There are actually so many costs incurred while trading in the forex market. There are transactional costs that include commissions or spreads or what initial amount has to be paid, etc. Before investing up your money take a deeper look into these costs as well. No matter where you are trading your currency or with country’s broker you are working, you are subject to pay a certain amount of spread. Look for a balance between transactional costs and security. Do not compromise the security for low transactional costs.
The next thing that you should see is how much the initial amount has to be paid. There are mini or micro accounts that opened with low amounts that sometimes even make the forex market an attractive market for every type and category of traders and investors.
You must look for a broker that is available to you for all your trading and issues related to trading whenever you want to contact the broker. An efficient broker means an efficient and effective trade.
Forex market works for 24 hours a day, so it is important to remain in touch with the broker whenever you want to. Speaking to the auto attendant can become frustrating at times. Talking to a live person is always effective. So before selecting the right and genuine broker you must look for his/her availability.
List of Best and Trusted Forex Brokers in 2019
AGEA Forex Broker
City Credit Capital
Fort Finance Services
FX Club Global
FX Pro BITcoin
IKON Global Markets
Nexsus Financial Markets
One Financial Markets
List of Top 20 Best Forex Brokers Globally
Before investing your money or looking for the qualities of a good broker, it is essential to look for some best forex brokers globally. When we buy a simple outfit, we google every possible thing for it starting from comparing its price to the color variations various sites offer. So why not to look for the best forex brokers, before investing your high earned money. At blackbullmarkets.com, a leading forex broker firm gives you a list of best 20 forex brokers in the global market.
Saxo Bank Review
The financial market providing accessibility round the globe, Saxo Bank Review offers a variety of premium services with a pool of trading instruments and asset classes that even includes wealth management services, active trading pricing, etc. that looks after the all required needs of the investors. It is also registered under a regulatory body that nearly deals with all types of electronically traded asset, spot FX, non-deliverable forwards (NDFs), Contracts for Difference (CFDs), stocks, Exchange Traded Funds (ETFs), Exchange Traded Notes (ETNs) including cryptos, futures, contract options, and bonds.
HYCM is another registered global forex broker firm that is regulated under the Cyprus Securities and Exchange Commission. Henyep Markets matches all your trading styles by providing raw spread, fixed spread and classical spread.
IG Review offering a score of 97% trust is another forex broker firm that is globally acclaimed. The firm is working since 1974 that has given most trustworthy and attractive deals.
Swissquote Review is another forex broker firm that has spread its roots globally offering over two million products to its investors and traders. With 91% trust score, it also offers multiple trading platforms. Trading has just become so easy.
CMC Markets Review
As the factor of trust is the crucial factor for investment, CMV Markets Review with 90% trust score is one of the leading retail forex and CFD brokerages. With the capacity of offering Next generation level platforms, it is mobile friendly also whether android or IOS.
FOREX.com offers Web Trading platform. It also caters to the needs of investors and brokers globally by providing ample of options for forex and CFD traders. It has diverse trading options and comprehensive researches.
With 86% of trust score, Dukascopy Review offers diverse trading platforms with competitive commission structure. Dukascopy Review is a registered forex firm that looks after its client’s needs by providing competitive prices and extensive trading platform.
Interactive Brokers Review
An experienced broker firm provides a comprehensive platform for its efficient traders and investors across the globe. With 91% trust score, Interactive Brokers Review also supports bitcoin futures trading. It is easily accessible as Interactive Brokers review is entirely operated on web.
TD Ameritrade FX Review
A multi asset online brokerage firm offering a plethora of trading services including off exchange spot forex and exchange trading options. With a high trust score i.e. 94%, this web based TD Ameritrade FX Review is also desktop friendly.
City Index Reviews
City Index Reviews has a hold across the globe with earning 92% of trust score from its customers. City Index Review is known for its smooth services offering competitive prices and a platform for multiple trading activities. It offers crypto CFDs offering going beyond bitcoin.
Having huge trading volume, blackbullmarkets.com is a forex market that has its roots globally. With 24×7 availability forex markets offer you high liquidity i.e. they can be at anytime converted into cash whenever the investor wishes to convert them. With blackbullmarkets.com offering low transactional costs i.e. even called a ‘spread’, a difference between buying and selling price, Blackbullmarkets offers you a high leverage with an ability to trade more money than the money present in your account.
FBS is an online broker firm that offers multifarious accounts like Standard account, Cent account, Micro account, Zero Spread account and ECN account. It provides leverage upto 1:3000 and has 24×7 qualifies support.
OCTAFX is an online firm that helps you to maximize your profits. With its excellent services, OCTAFX provides top-tier liquidity with transparent real market prices and takes no round commission.
HotForex is known for its honesty, openness and transparency has created its own space in the global financial market. Holding multi award winning brand with exceptional customer care services catering to the need of its traders and investors.
Providing a leverage of 888:1, XM is leading brokerage firm giving out a bonus of 500$ with 1000+ trading instruments. It works on low spreads as low as 0.6 pips, providing free daily technical analysis, 24×5 live support and as much as 16 platforms that are desktop, tablet and smartphone friendly.
Largest broker globally, IC Market is a choice that is always preferred high volume traders and investors. It also has no requites with spreads from 0.0 pips. Investors and traders who desire no restriction and no price manipulation can surely invest in IC Markets.
Sponsoring world’s number one footballer team none other than “Real Madrid” and the best footballer player, Christiano Ronaldo, Exness has become a popular trading firm in the financial market. The trader or the investor who has knocked the door of Exness never got disappointed as it offers zero cancelling clients’ orders. With their highly experienced brokers, they create a perfect trading environment.
Catering to the needs of its clients, Global Prime offers high liquidity by providing healthy and transparent relationships with their customers. The high rising reputation of the Global Prime has made them to serve clients from more than 100 countries. Global Prime one of the leading forex broker firm provides tight spreads across several countries.
Promoting their brand name, they actually help their customers to trade like a pro. Serving to each and every client across the globe, FxPro has a rich experience of more than 15 years offering tight spreads with no commission.
Pepperstone Forex Broker
Another globally acclaimed brokerage firm, providing quality customer services, spreads and value to your investment.
It is very important for any investor or trader to go through the best 20 forex brokers list before investing your money. Because of increasing frauds and scams, it is essential to look for a right and genuine one. If you still have any related queries feel free to contact by simply logging onto blacbullmarkets.com, a name that you can rely upon for trading your money.