Set Your Strategy, Here Are 10 Best Forex Brokers

Set Your Strategy, Here Are 10 Best Forex Brokers. Competition in the Forex market is quite tight. Difficulty playing Forex, it could be due to not choosing the right Forex Broker.

To find out or manage Forex trading, it's still a bit of a stretch to be successful in profiting from the world of Forex investment.

Before choosing the best Forex broker, there are a few things to consider. So that way, it is easier to find the right best Forex broker.

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Set Your Strategy, Here Are 10 Best Forex Brokers

How to Choose the Best Forex Broker

To be able to choose the best Forex broker, there are several things that need to be considered in choosing a Forex trading broker.

Here are the 10 Best Forex Brokers that you can use as reference material about the Forex world

1. Demo Account Forex Brokers should be able to provide or provide demo accounts so that novice traders can try.

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The demo account aims to find out the real trading situation and conditions without investing large sums or risks before entering the world of Forex trading.

Having a demo account can help you feel more confident, get comfortable in carrying out Forex trading.

After that, there will be various instructions on how to use the broker

If you feel confident with a broker that you understand, then you can open a real account and make real trades

2. Spreads

The spread is the difference between the selling price and the buy price on a currency offered by a Forex broker.

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If you want to make a sale and purchase transaction, you can buy it at an ask price. Meanwhile, to sell it at a bid price.

It is known that if the spread is large, this right indicates that the broker can generate more profit.

On the other hand, if the spread is small, you can deposit more money.

If you want to open a position, you will be subject to a spread and it will be an advantage for the Forex broker if there is a price difference.

Spreads can also be used as the best Forex broker that can benefit you.

3. Regulation

It is highly recommended to choose the best, quality and trusted Forex broker and have a clear legal institution

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It would be better if you choose the best Forex broker worldwide with NFA regulation from USA or FCA UK from UK

Why is that? Because these two regulations are very clear and for brokers who have received regulations, so the broker has passed the requirements

Choosing a broker that is safe and comfortable is very necessary in helping to provide a sense of security when trading.

One of them is EXNESS, which already has FCA UK regulations and has many customers from all over the world

4. Forex Trading Tools

Every Forex broker should provide a comprehensive toolkit. For example, charting currency prices in real time, tools for technical analysis, commentary on basic and economic analysis.

In other words, you need these tools to trade Forex well.

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5. Stop Order or Limit

With the intense competition between Forex brokers, with various offers and guarantees on every stop order and limit order, you are required to get into the minute details all the time.

The goal is to find out the extent of their assurance of certainty. Is it about news NFP so you are not wrong in choosing the best Forex broker in the world or in Indonesia.

6. Help Service

Of course the best Forex brokers are those who can also provide support and clear doubts whenever you need a broker system.

It would be better if you search for a system that you can easily get through multiple accesses. Some of them are through telephone access, helpdesk support, forums, and email.

7. Security

Security is a mandatory criterion that must be owned by the Forex broker that you will choose later. Of course you don't want to give relatively large amounts of money to random people, right.

Therefore, you have to make sure and check the Forex broker with the legal entity in question.

All over the world there are legal institutions that have registered regarding the legal status of Forex brokers or not. Some of the relevant legal entities and their countries are as follows.

Indonesia (BAPPEBTI, BBJ and KBI)

United States (NFA and CFTC)

England (FCA)

Switzerland (SFBC)

Germany (BaFIN)

France (AMF)

So, before you give your money to a Forex broker, make sure that the broker is registered with the legal entity in question.

8. Transaction Fee

Any type of trader will definitely be charged a transaction rate from the difference in the price of buying and selling transactions or a commission for each transaction. That way, transaction fees can be something you need to consider so that the amount of fees you incur are not too large.

However, there comes a time when you don't need to pay attention to lower transaction rates for those of you who prioritize the quality and reliability of the Forex broker.

If you need a low spread fee for this type of trading then you need to consider various options such as a balance of low transaction rates and security.

9. Withdrawal and Deposit

As the best Forex broker, of course, you will be able to make deposits and withdrawals of funds easily. Forex brokers should not complicate this process.

10. Platforms

In online Forex trading, most of the trading activities are carried out through the trading platform at the Forex broker that you have provided previously.

You need to know what the Forex trading platform provides.

Does the platform provide news feeds or economic news, understandable price charts or charting tools, as well as any other information you need to help you trade Forex.

11. Order Execution or Order Fulfillment

All Forex brokers must fulfill orders from their clients at the right price. When the Forex market is in normal conditions, Forex brokers must fulfill orders from customers, or at least approach when customers see market prices on their computers by pressing the buy or sell button.

And also to note is, what is the level of leverage of the broker. Some forex brokers offer high leverage, some offer lower levels of leverage. For full details, just refer to the list of 10 Forex Brokers below.

Set Your Strategy, Here Are 10 Best Forex Brokers

So that you are not too confused about choosing the best Forex broker, the Finansialku section will share 10 of the best and most trusted Forex brokers in the world. Here are 10 of the best and most trusted Forex brokers in the world.

1 OctaFX

Spread: Floating, from 0 pips

Leverage: 1:500

Deposit: $5

Promo: 50% bonus for every deposit, fixed rupiah 1 USD = 10,000, motorbike prizes every week, OctafX merchandise

Regulation: IFSA (St. Vincent and the Grenadines), 19776 IBC 2011

2 Finance Freedom Success (FBS)

Spreads: Starting from 0 pips

Leverage: 1:2000

Deposit: $1

Promo: 100% Deposit bonus

Regulation: CySEC, IFSC, CRFIN

3. XM (Member of Trading Point Group)

Spreads: Starting from 0.1 pips

Leverage: 1:888

Deposit: $5

Promo: 15% Instant Bonus

Regulation: IFSC, FCA UK, CySEC, BaFin, ASIC

4 InstaForex (InstaForex Trading)

Spread: 3 Pips (Fixed)

Leverage: 1:1000

Deposit: $1

Promotion: 30% deposit bonus

Regulation: RAFMM, CySEC, BaFin, ASIC

4 InstaForex (InstaForex Trading)

Spread: 3 Pips (Fixed)

Leverage: 1:1000

Deposit: $1

Promotion: 30% deposit bonus

Regulation: RAFMM, CySEC

5 FXOpen

Spreads: Starting from 0 pips

Leverage: 1:500

Deposit: $300

Promotions: –

Regulation: FCA UK

6 Exness

Spreads: Starting from 0.1 pip

Leverage: 1:2000

Deposit: $1

Promotions: –

Regulation: CRFIN (Russia), FCA UK and CySEC

7 Monex Investindo Futures

Spreads: Starting from 0.2 pip

Leverage: 1:100

Deposit: IDR 5,000,000

Promotions: –

Regulation: BAPPEBTI

8 TickMill

Spreads: Starting from 0 pips

Leverage: 1:500

Deposit: $25

Promotions: –

Regulation: FCA UK, FSA (Seychelles)

9 GainScope

Spreads: Starting from 0 pips

Leverage: 1:400

Deposit: $250

Promotions: –

Regulation: CFTC, NFA, MFSA

10 Pepperstone

Spreads: Starting from 0 pips

Leverage: 1:500

Deposit: $200

Promotions: –

Regulation: ASIC, FCA

That's our brief explanation of Set Your Strategy, Here are 10 Best Forex Brokers. Hope it is useful


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