Best Forex Brokers - Features of Forex

Finding the best Forex brokers is the first step to have success in the trading market. Therefore, traders make much effort to find their broker. Learn more about What is Forex Broker

How to Choose The Best Borex Broker ?

Traders take into consideration all the features of the provided services - trading terminal, conditions of deal execution, quality of the quotations, etc. For professional traders it is quite easier to orientate and find a good broker, however, it is a little difficult for the beginners. In order not to get confused and make a right choice among the large number of brokers traders need to be well aware of the features the best Forex brokers` services. These features are the following:

• High reputation: Broker reviews are very important and spread easily among investors. It is not recommended to make an investment into a company with poor reputation and limited trading opportunities.
• Long experience: While comparing different Forex brokers investors should take into consideration the length of their operation in the market. They trust and give preference to brokers with, at least, 3 years of experience as FX brokers.
• High quality support: Providing high quality support for any technical issue at the professional level is highly important. Therefore, traders should take into account the professionalism of the broker`s staff and the possibility to contact them at any time.
• Trading platforms: The best Forex brokers usually offer their own trading platform, providing traders with all the necessary instruments and functions to carry out trading. The terminal of the platform should support all the necessary functions to facilitate and optimize the trade, including live quotes, chart building function, various instruments for technical analysis, user friendly interface, etc. Most importantly, it should be simple and easy to understand. Besides, traders should have an opportunity to open both real and demo accounts at first to get practice and only after that to trade with real money.
• Innovations: The best Forex brokers design, new trading systems and methods, offer new functionality for developing new trading strategies. This is, perhaps, the greatest motivation for a trader while choosing a broker.

The Best Forex Brokers' Trading Conditions

Best Forex brokers offer best trading conditions. This is why they are considered best and have high reputation. Some of these optimal conditions are:

High leverage (up to 1:400): High leverage beneficial and dangerous simultaneously. Traders are not recommended to take high leverage, as they may have big losses. While taking high leverage traders should be ready either for high profit or great losses. Learn more about What is Leverage in Forex

Fixed low spread: Fixed low spread is more convenient and beneficial for traders, as trading is more predictable and less risky with it. With fixed spread the trader is protected from high volatility of the market, which may result in significant expansion of the spread in case of a floating spread.

CFD conditions: Traders should have access to different markets, to trading CFDs on Stocks, Indexes and Commodities. And most importantly, the broker should provide all these services with good conditions. IFC Markets provides the mentioned services with beneficial conditions. For instance, leverage for trading CFDs on Indexes and Commodities is 1:400, and the leverage for Stock CFDs is 1:40.

You can find the best Forex brokers based on other traders` opinions or try to find it by yourself through Internet. Take part in different forums, read broker reviews, trade on demo accounts and you will learn very much about the broker`s services. While comparing different brokers you will find the best ones and among those best you will choose the one you think is best for you.

IFC Markets is a leading innovative financial company, offering private and corporate investors wide set of trading and analytical tools. The company provides its clients with Forex and CFD trading through its own-generated trading platform NetTradeX, which is available on PC, iOS, Android and Windows Mobile. The company also offers MetaTrader 4 platform available on PC, Mac OS, iOS, Android, Windows Mobile and Smartphone. You may compare the advantages of both platforms.