Positive and Negative Sides of Forex Brokers

Forex trading has turned into a global investment phenomenon that became incredibly popular among traders and investors across the globe. Compared to conventional forms of investments, FX trading does not need a big investment. Instead, FX brokers provide massive amounts of margin for traders to take high positions in the market with a considerably small trading capital.

Forex trading has become an excellent option for investing your money without serious risks. The FX market allows you to choose the most suitable financial asset from a wide spectrum of financial tools, which may also involve commodities, shares, indices, and other CFDs. You can start trading with limited financial resources according to your plan. At the same time, you can do all this without leaving the comfort of your home. Now, the major question is: How to recognize the most suitable broker? What pros and cons should you pay attention to?

Forex.com

Forex.com is an online broker that provides financial trading services for traders and investors. The services are provided through adequate trading platforms where forex instruments like CFDs, precious metals, commodities, and forex are available. This forex broker was founded in 1999. It is administered by Financial services company Gain Capital that provides a vast array of advanced trading tools for customers, enables optimum security of data, offers an effective customer support priority, practices transparency in all directions, and offers an easy means for deposit and withdrawals. Forex.com pays much attention to the security of its traders by offering strict safety policies. So, you don’t have to worry about every investment you make.

Pros:

• Providing an effective customer service through emails, telephones, and live charts 24/7;
• Providing educational resources that help develop proper Forex trading skills;
• Offering an effective verity of Forex trading platforms for traders and investors;
• Performing trade automation with an Expert Advisor;
• Processing easy withdrawal and deposit services;
• Providing a demo trading account for all traders;
• Being administered by effective regulatory authorities;
• Providing advanced charting instruments, technical characteristics, forex trading signs, and primary analysis for its clients;
• Offering Forex trading with more than 60 trading instruments.

Cons:

• Offering no trading rewards and bonuses, as well as no specials and promotions to traders and investors.

JustForex

JustForex is an online broker developed and administered by IPCTrade Inc. Since 2012, it has been offering forex broker services to traders under traditional forex accounts as well as Islamic accounts. By checking the JustForex homepage, you can see a portal with the different facets. Their website is split into separate sections depending on one’s affiliation or status as a trader. Whether you are a beginner or professional, the broker’s website makes it easy for you to make trading decisions due to detailed analytics and easy access to live support for traders. Thanks to a hands-off approach to the trading process, traders have enough options to earn big money or learn from every mistake.

Pros:

• Offering an attractive leverage rate of 1:2000;
• Allowing scalping, hedging, EAs, and so on;
• Delivering tight spreads;
• Versatility in regard to trading platforms;
• Offering Islamic Accounts.

Cons:

• Forbidding the registration for the U.S. citizens.

AvaTrade

AvaTrade is an online Forex and CFD trading broker that offers trading services of more than 250 instruments including forex, cryptocurrency, stocks, commodities, indices, precious metals, ETFs, CFDs, etc. Since 2006, it has developed the offices in Dublin, Milan, New York, Sydney and Tokyo. The main thing about this Forex broker is a vast array of automated trading platforms that are equipped with EA compatibility, effective trading, and high-profit percentage features. Traders and investors have an opportunity to use the AvaTrade through MultiCharts or MT4 trading platforms. At the same time, AvaTrade manages to keep all data of its clients well-secured and provide proper customer care service with low spreads for traders.

Pros:

• Offering a tab navigation breakdown data with easy data interpretation and navigation;
• Providing comprehensive educational resources to help traders master the trading routine;
• Delivering special rewards and bonuses to forex traders and investors;
• Being properly managed to enable optimum safety for trading ctivities;
• Effective customer support via email, telephone, and live chart;
• Enabling fast and simple deposit and withdrawal options;
• Processing trades through the fast trade execution system.

Cons:

• Offering unsuitability to traders with a poor experience on the Forex market.