Nowadays there are a lot of brokers that claim about their trustworthiness and professionalism, but surely many of them do not stand for what they claim so steadily. Working with a good broker is important to any trader, since investing money in a company requires reliability.
How to Identify Top Rated Forex Brokers
Comparing brokers is the best way to identify the one that is reliable. There are many features that are worth to take into consideration, such as regulation, experience, presence in the market, deposit and withdrawal options – all these are important in their own way and should not be neglected by any trader.
Making comparison is not difficult, since all brokers offer demo accounts on which traders can practice, check trading conditions, the quality of the trading platform, etc. some brokers offer various accounts for various markets, others offer a single account for all types of instruments. Brokers also differ by such features as offering fixed or floating spread, various methods for calculating swap, the minimum required amount for starting to trade, etc.
What Conditions to Expect from Top Rated Forex Brokers
Many features and services are important when considering whether the broker is a good one or not, but some of them can be distinguished as they are the most basic and fundamental ones:
- Trading platforms:
- The platform should provide qualified quotations, should be technically well – equipped and include a wide range of technical analysis tools necessary for making analysis.
- Forex brokers offer various trading platforms for PC and mobile devices, operating through various operating systems. IFC Markets provides NetTradeX Trading Software - a professional trading – analytical platform, developed in – house. The platform has unique features that differentiates it from all other platforms, available in the market. The most important one is the unique PCI tool, realized on the platform, which gives an opportunity for creating own instruments and trading them. This innovative technology makes all trading strategies realize and opens completely new trading opportunities.
- In addition to NetTradeX trading terminal, IFC Markets also offers another well – known platforms - MetaTrader 4 and MetaTrader 5 Terminals which are very popular among traders and again is one of the most professional platforms among so many.
- Various Deposit Methods and their Processing
- Traders should be able to make payments through the method they consider the most convenient. IFC Markets offers payment options such as Bank Wire, Card transfer, Web Money, Skrill, Neteller, Western Union and so on. Surely, when talking about the payment systems, the most important fact here is the quality and speed of performance of transactions. Reliable brokers should perform all withdrawals in time (many brokers perform deposits very quickly, while cause problems in case of withdrawals, and surely it is important to check the broker before investing high amounts).
- Trading instruments
- IFC Markets provides currency pairs, CFDs on stocks, indices, commodities, precious metals, CFDs on commodity futures and Gold instruments, and finally – PCIs, having no analogue in the market. Large number of trading instruments makes trading more interesting and diversified. The PCI technology has removed all existing limits and now traders can trade not only the available instruments of various groups, but also create their own, unique instruments, that can be even more profitable (in case of proper analysis) than the ordinary ones.
Surely there are other important tools and services as well that top rated Forex Brokers should offer, such as good trading conditions, highly qualified technical support, educational materials for beginners, etc. The process of finding a good broker may take time, however it is an important step when starting trading, so investors should be cautious.
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 and MetaTrader 5 trading platforms available on PC, Mac OS, iOS and Android. You may compare the advantages of each platform.
