logo |

News

    Home   >     Industry    >     Main body

    ​Must-see! Which Forex Broker to Choose in 2021?

    Abstract:No certain venues are there for the forex market, making it a must to choose forex brokers for trading, which can be troublesome.

      No certain venues are there for the forex market, making it a must to choose forex brokers for trading, which can be troublesome. Therefore, WikiFX got your back with an explanation of how to make the choice.

      1. Compliance

      This depends on whether a forex broker has registered at its home regulator. Regulated brokers conduct the management of deposits in line with laws and regulations, which is crucial for capital security and the execution of subsequent orders.

      2. Detailed information of accounts

      Leverage and margin: Margin accounts must be opened when conducting transactions. Leverage is the loan provided by the forex broker.

      Commission and spread: Both are risk-free returns of forex brokers. Larger the spread is, higher the trading costs are.

      Initial deposits: The majority of clients can start with tiny initial capital whereas some high-quality forex brokers may require a higher start-up amount to ensure that investors are responsible for their trading.

      3. Supply for currency pairs

      An important factor comes whether a broker is able to provide more tradeable currencies.

      4. Customer service

      High-quality forex brokers should guarantee personalization, 24-hour response and assistance.

      5. Trading platforms

      Most importantly, well-designed trading platforms are equipped with clear-cut buttons for “Buy” and “Sell”, even “Alert” sometimes that can close all outstanding positions. Poorly designed interfaces can lead to order-input errors.

      WikiFX, a forex broker info search tool, is popular among global senior investors! (bit.ly/wikifxIN)

    图片2.png

    Latest News

    Australia Dollar

    • United Arab Emirates Dirham
    • Australia Dollar
    • Canadian Dollar
    • Swiss Franc
    • Chinese Yuan
    • Danish Krone
    • Euro
    • British Pound
    • Hong Kong Dollar
    • Hungarian Forint
    • Japanese Yen
    • South Korean Won
    • Mexican Peso
    • Malaysian Ringgit
    • Norwegian Krone
    • New Zealand Dollar
    • Polish Zloty
    • Russian Ruble
    • Saudi Arabian Riyal
    • Swedish Krona
    • Singapore Dollar
    • Thai Baht
    • Turkish Lira
    • United States Dollar
    • South African Rand

    United States Dollar

    • United Arab Emirates Dirham
    • Australia Dollar
    • Canadian Dollar
    • Swiss Franc
    • Chinese Yuan
    • Danish Krone
    • Euro
    • British Pound
    • Hong Kong Dollar
    • Hungarian Forint
    • Japanese Yen
    • South Korean Won
    • Mexican Peso
    • Malaysian Ringgit
    • Norwegian Krone
    • New Zealand Dollar
    • Polish Zloty
    • Russian Ruble
    • Saudi Arabian Riyal
    • Swedish Krona
    • Singapore Dollar
    • Thai Baht
    • Turkish Lira
    • United States Dollar
    • South African Rand
    Current Rate  :
    --
    Amount
    Australia Dollar
    Available
    -- United States Dollar
    Risk Warning

    The Database of WikiFX comes from the official regulatory authorities , such as the FCA, ASIC, etc. The published content is also based on fairness, objectivity and fact. WikiFX doesn't ask for PR fees, advertising fees, ranking fees, data cleaning fees and other illogical fees. WikiFX will do its utmost to maintain the consistency and synchronization of database with authoritative data sources such as regulatory authorities, but does not guarantee the data to be up to date consistently.

    Given the complexity of forex industry, some brokers are issued legal licenses by cheating regulation institutes. If the data published by WikiFX are not in accordance with the fact, please click 'Complaints 'and 'Correction' to inform us. We will check immediately and release the results.

    Foreign exchange, precious metals and over-the-counter (OTC) contracts are leveraged products, which have high risks and may lead to losses of your investment principal. Please invest rationally.

    Special Note, the content of the Wikifx site is for information purposes only and should not be construed as investment advice. The Forex broker is chosen by the client. The client understands and takes into account all risks arising with Forex trading is not relevant with WikiFX, the client should bear full responsibility for their consequences.