News of forex brokers. These days at Forex market, the most attractive market for those, who would like to make profit from selling currencies via Internet, one can find numerous brokers, who at some points are trying to attract traders by most incredible offers. However, practice shows that in the majority of cases a trustful client empties his deposit “trouble-free”, being totally unaware of the fact that he has been fooled. So how to make the right choice when choosing a guide at forex market and choose the company that will help to trade successfully and make profit at Forex? "Market Leader" has addressed professional traders directly in order to hear answers to these topical, especially for beginners, questions from their own lips.
It is worth reminding that discussions about "the share of trust to forex brokers still continue. To be more exact, how far should one trust their advertising campaigns, bonuses, contests, etc. It is well known that all that glitters is not gold. Writing, saying, and promising countless profits is easy, but eventually investor’s means may simply be taken away. Especially if recommendations are given by traders that have been paid or agents that work for a certain percentage of deposit, which has been lost by a client. Therefore, it is not surprising that a great number of various ratings, most of which are composed by brokers and DCs personally, have appeared in the Internet.
Consequently, it is sad to admit that choosing the "right" broker is very difficult for beginners, whereas being trapped by attractive advertisements and tempting offers is easy... So, what are the real steps that are to be taken in order to avoid such tracks? We suggest listening to recommendations from a professional broker that has earned profit in Europe, USA, and other western countries, following the rule "Investor’s profit is company’s profit". As a result, every client has the opportunity to make regular profit, and the company – to develop further, making trading terms even better.
As informed by broker company "Forex-Broker" (is among forex brokers of rating), traders make a decision in favour of one dealing center or another on the basis of the following major criteria:
- reliability;
- reputation;
- commission fee (spread, extra costs, etc.).
In its turn, "Market Leader" tried to figure out the peculiarities of work and services provided by financial company "Forex-Broker" that make it highly recommended by professional traders for beginners.
"Forex-Broker": soft start for beginning profs of forex market
"The possibilities of making profit at Forex marker are limitless," explained a well-known Canadian financial expert of Evgeny Olkhovski in his interview to "Market Leader". However, even taking into consideration attractiveness of Forex market, beginning traders are to decide on the whole range of nuances:
1. Availability for beginning traders. Gone are the times when players were supposed to have rather large capital in order to trade at Forex market. These days many Forex companies provide the opportunity of trading currency with minimal starting deposit – cent accounts. Besides, beginners are provided with demo accounts, a kind of training condition. There are also provided various contests and rewarding programs that stimulate proper work at currency market, development of own trading strategies that are directed at regularly high profit. In its turn "Forex-Broker" provides various accounts for professionals or beginning traders, such as Standard, Premium, Islam (see Islam: peculiarities of broker services in Muslim countries), or ECN-PRO. Each of these accounts has a set minimal deposit, ranging from 0 to 10 000 US dollars. In other words, these are the sums that are to be owned in order to start trading; their size depends on trader’s qualification.
2. Minimal commission fees. One should not pay various commission fees besides natural market difference between demand price and supply price. By the way, many brokers have stopped charging commission fees for transaction support, providing quotations, input and output of money means, etc. "Forex-Broker" suggests a flexible minimal spread from 1 point.
3. Credit leveraging as a tool for great financial possibilities. Due to the principal of marginal trade traders may use credit leveraging, which enables them to handle sums that are several times higher than their real deposits. For example, the most widespread size of credit leveraging amounts to 1:100, which means that if you have placed 100 dollars at your account, you may perform transactions to the sum of 10 000 dollars. The risk is high, but at the same time due to such credit resources Forex market brings the highest profit in comparison to other markets. "Forex-Broker" suggestion of credit leveraging from 1:100 to 1:500 is the most optimal variant at the market of forex services.
4. Wide choice of trading tools. Traders are provided with rather wide choice of Forex trading tools – 41 currency pair (accounts in USD, RUB, EUR), metals, CFD. The company may also boast of having no requotes, various means of money input and output, minimal lot of 0.01 with a step of 0.01, and availability of CFD from 0.01 lot.
5. Bonuses. Working at Premium account (working with means from 1000 US dollars and above) has a pleasant surprise of receiving additional 10%.
Traders: company’s licenses as a guarantee of successful business
For many years international finance company "Forex-Broker" has been providing highly professional broker services at Forex currency market. The company has a strongly marked "narrow specialization", so its clients are provided with very favourable terms, ranging from the full set of trading tools that include currency, shares, futures, indexes, as well as attractive trading terms, ultra-modern trading technologies, opportunities to take part in contests with real money prizes and other programs, which are directed at practical exploration of currency market. At the same time, every client is promised to be exposed to minimal risk.
The fact that "Forex-Broker" is a licensed company is extremely important for traders. Moreover, it has several licenses:
- License of professional participant of securities market;
- License of exchange intermediary;
- License for broker and dealer activity;
- License for operating at Forts futures market.
Therefore, the company’s financial activity is regulated, its clients are protected from unexpected force majeure consequences, and their means are bound to be saved, of course if you do not lose because of your own fault. However, if beginners follow the recommendations of "Forex-Broker" specialists, approach any transaction with thorough analysis and perspectives of the situation, and take well-thought decisions – they are unlikely to lose the whole deposit.
Moreover, if you have made a mistake, but managed to understand your mistake, you are more likely to enter the plus zone, and slowly but surely gain profit; "Forex-Broker" will certainly assist you in this.
Major benefits: why do traders choose "Forex-Broker"?
The company’s major benefits are initially provided by favourable trading terms for all clients on the basis of:
- innovation. This concerns innovative trading technologies with 24-hour technical and information support;
- trade. Traders are suggested to work with 41 currency pair, precious metals contracts, shares trading, indexes, and oil.
- trading platforms. Possibility of trading at most famous trading platform worldwide MetaTrader. It is worth mentioning that due to the use of this trading terminal one may make transactions at flow prices without requesting quotes from dealers and, consequently, without spending the precious time on waiting for the response. All processes on MetaTrader platform, including making and cancelling transactions – happen automatically, thus helping a trader to immediately familiarize with rapidly changing market prices and quotations. Possibility to work with popular trading platforms Forex-Broker Trader 4 and Forex-Broker Trader Mobile 4, which are easy to manage and extremely effective in the process of exploitation. The notion of minimal deposit does not exist at all. Therefore, inexperienced trader with modest sums has an opportunity to make minimal investments and gradually increase his deposit, familiarizing with all nuances of trading at Forex by his own experience. By the way, for such cent accounts a credit leveraging of 1:500 is provided by the company.
- contests. This concerns various contests, which are useful from the point of view of trading experience at currency market. Let us admit that "Forex-Broker" has shown creative approach to the idea of such stimulating programs. Thus, for example, contest "Gladiators of Forex" is highly popular among the majority of the company’s clients, and it has already brought high real profit to many of them.
Another attractive tournament for traders is Soros contest, which is oriented at long-term trade at currency market. Its peculiar feature is the fact that not only profit is taken into consideration when defining the best traders, but also the level of drawdown. Here, in extremely close to real conditions, "Forex-Broker" clients may try themselves as trust managers. The grand prize is 1000 dollars in cash, and the super prize of the contest is a car.
Among others, the company’s clients are provided with unique bonus offers, enabling to receive additional money means to one’s trading account. For example, if some money means are left at you cent account, every dollar may be increased ten times. In "Bonus of Growth" offer for every 1000 dollar replenishment you receive additional 10% of the size of deposit to your account. You may also receive 5 dollars for participation in the company’s poll about the quality of clients’ services; equal sum is granted for a trader’s message at the company’s forum. Besides, на 10% per annum is added to the clear balance of your deposit. As a result, even passive cooperation with the company brings profit.
You can find out more about the benefits of trading with "Forex-Broker", including unique offers and contests, at the official web-site of the company.
"Market Leader" and Masterforex-V Trading Academy hold a questionnaire at forex forum for traders and investors: what is your criterion for choosing a broker?
- judging from broker’s reliability;
- judging from broker’s reputation (including its licenses);
- following the advice of friends-traders.
