Choosing a broker

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Forex is an international financial market where currencies are exchanged. This name comes from the English Foreign Exchange, that is, "foreign exchange". The Forex market is necessary for the normal functioning of the world economy and ensuring the exchange of capital between different countries. Central banks of different countries, companies conducting international business, commercial banks and various traders (speculators) participate in Forex trading.

About Forex trading

In fact, Forex is a large interbank exchange that trades various currencies. Traders' earnings here are based on constantly changing exchange rates. By choosing the right direction for buying and selling, you can get a good profit. To do this, you should use various strategies, study news, and other sources of information.

Choosing a broker for trading

To fully trade on Forex, a private speculator must conclude an agreement with a broker - a qualified intermediary of this market . Through such a broker, a trader (investor) opens a trading account, credits the required amount of money to it and, accordingly, gets the opportunity to make transactions for the purchase and sale of currency. Choosing a broker for trading must be approached very responsibly, since this is one of the main decisions in the beginning for any trader.

In order not to be mistaken, you can compare them by the following parameters:

  1. Reliability and reputation (check customer reviews on several sites, the broker has high-quality licenses, the age of the company)
  2. Trading conditions (availability of a gaming account, commission size, minimum deposit requirements, assortment for trading, etc.)
  3. Bonuses and promotions (for beginners it serves as an additional incentive. But it is worth considering the moment that bonuses of more than 100% of the replenishment amount most likely indicate that there is a scammer in front of you. It is also very important not to drain the deposit in pursuit of wagering the bonus)
  4. Ways to deposit and withdraw funds

FxPro broker

Choosing a quality broker for trading in the Forex market, we settled on the FxPro broker. FxPro has been providing online trading services since 2006. Currently, their clients are traders in 173 countries around the world. In total, 1,300,000 open accounts were created over the entire period. The company has many advantages, among which, first of all, it should be noted reliability and safety (its activities are regulated by 4 high authorities, in 2 of which this broker has a license). FxPro has over 15 years of impeccable service, during which hundreds millions of user orders have been executed, and more than 80 international awards have been won.

A wide range of trading platforms are available, including MetaTrader 4, MetaTrader 5, cTrader, FxPro Edge, as well as web versions and mobile applications. There is also an exclusive range of tools for successful trading. A significant advantage of the company is super-fast and accurate execution of each transaction, which is very important in trading. 99.9% of orders are executed in less than 11.06 ms.

Convenient ways to deposit and withdraw funds, including bank transfer, credit/debit cards and e-wallets. The company provides Secure Wallet FxPro Wallet.

Customer reviews FXPro : comparing customer reviews on various sites, we can come to the conclusion that FxPro has a positive rating - on average 4-5 points out of 5. People generally like that the company is reliable, convenient, and quick withdrawal of their funds. Trading in it is quite simple, while making a profit in most cases is easier than in other brokers.