Nowadays there are so many Forex brokers that it is becoming quite confusing to choose the right one. They are quite similar, providing at first sight different trading conditions and instruments, but yet quite similar, that makes the choice more complex. Different traders have various priorities for choosing a broker, but there are not ones who do not pay attention to the reliability and security. These are the main features that make a broker top one.
How to Find Top Rated Forex Brokers?
“Top rated” name implies all the features that are required to be the best one in the market. Among so many brokers, top ones are distinguished by their security, reliability, transparency, good trading conditions, professional attitude towards clients and many more. All these factors may seem to be simple to have, but yet, there are a few ones that can be considered as top.
It is not easy to find out such brokers. For understanding which one is good one should have an experience in Forex market or at least have a person nearby to give advice. For the one who is a newcomer to the financial world, it is surely much more difficult. One should just compare different brokers, their conditions, ask lots of questions to their managers, read articles, forums and surely open demo accounts and try as much as possible on the platform to see whether all is available on the paper or the company is really a good one.
Services Top Rated Forex Brokers Offer
Below you can find some important features that should be taken into consideration by any trader who has still in searching process :
- Forex trading platform: Most of the brokers offer MetaTrader 4 trading platform, which is yet the most popular one among traders. Surely there are rare brokers that offer their own platforms (generated by the company). Surely it is trustworthy to see that a company has its own trading platform, as it is quite costly.
- IFC Markets offers two platforms: NetTradeX trading software and MetaTrader 4 software. NetTradeX trading terminal was developed by IFC Markets and is initiated only for IFC clients. Traders can enjoy trading different instruments on the platform, make technical analysis, and take a unique chance of creating their own trading instruments. The latter has become possible through the unique PCI technology (Personal Composite Instruments) which is based on GeWorko Method. This new technology eliminates all the limits of the provided lists of instruments and opens horizons for totally new trading and analytical opportunities.
- Experience: years of experience in the market is a good guarantee for considering the company as a serious one. It is preferable to work with companies that are in the market for more than 3 years.
- Deposit methods: Payment options should be diverse, as each region has a different payment requirements. All traders should have equal opportunities for funding their accounts. IFC Markets offers its clients worldwide options of payment including BankWire Transfer, Visa/Master Card, Web Money, Skrill, Neteller, OK Pay, Western Union and so on.
- Trading instruments: Providing a wide set of financial instruments is another important factor. Some traders prefer currency trading, while other trade metals, CFDs, etc. It is very important to have diverse set of instruments so as not to disappoint traders. IFC Markets offers currency pairs, precious metals, CFDs on Stocks, Indicies and Commodities, Gold instruments and is constantly working on increasing the number.
- Trading conditions:This is quite broad feature, as it includes leverage, swap, commissions, spread and many more. Some companies offer very high leverages, which may at first sight seem attractive but are quite risky, companies offer fixed or floating spreads (traders have various preferences) and so on (Learn more about What is Leverage in Forex). It is very important to open a demo account and trade to see all these details and be able to make a final decision.
Surely the above mentioned is not all. However, these are the main things that should be put under consideration when choosing a top broker.
Devices Offered by Top Rated Forex Brokers for Using Their Platforms
At present the technologies are developing so fast that it is very primitive to offer trading platforms only for one or two devices. Traders use mobiles, tablets for their trading activities and it is important to be available on all these devices.
IFC Markets offers its platforms on the following devices:
- NetTradeX: NetTradeX PC, NetTradeX iOS, NetTradeX Android, NetTradeX Windows Mobile
- MetaTrader4: MetaTrader4 Mac OS, MetaTrader4 iOS, MetaTrader 4 Android
Large number of brokers and high competition makes brokers work constantly to come out with innovations, good trading conditions and be highly competent to satisfy even the most capricious clients. One should be quite attentive when choosing a broker.
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 and Android. You may compare the advantages of both platforms.