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At FxPro we understand that different clients have different needs. A fixed spread means that it remains unchanged.
The trader wants the spread to be as low as possible, and the forex broker needs it to be as high as possible. You earn on speculation, while they make money on the spread.
If there is no spread, then the broker takes a commission of the completed transaction. But the forex broker cannot increase it too much, because he will lose the competition with other brokers.
The average spread on it is 1. A trader comes to Forex to make money, and he will be interested in how to withdraw it.
Keep in mind that the methods of depositing and withdrawing funds may vary. Before you make a deposit, check available methods to withdraw money and whether they are suitable for you.
The main ways are bank transfers, Visa and Mastercard credit cards, electronic money. Saint Vincent and the Grenadines. Saint Kitts and Nevis.
British Virgin Islands. Cayman Islands. Marshall Islands. Platforms Web. MetaTrader 4. MetaTrader 5. Ninja Trader. Social Platform. Binary Platform.
Instruments Currencies. Interest Rates. Funding methods Wire Transfer. Credit Cards. This is because regulated brokers are more reliable than their non-regulated counterparts.
The online trading platforms that recommended forex brokers provide would not only be simple, but also intuitive and easy to operate or navigate.
It, therefore, makes sense to try out a few online forex platforms and see for yourself as to which one has a better user interface and is easily navigable.
Customer support is a key aspect that you need to evaluate. Best Fx brokers would often be aware of the needs of the traders and provide good, efficient and responsive customer support services.
If the customer support service of the broker you are planning to work with is not good enough, you could end up losing money.
Leverage offered for forex trading varies from one broker to another. If the leverage is high, the trader can make more profits. However, the risk of accumulating losses is also equally higher.
Therefore, you should choose a broker that offers leverage suiting to your needs and based on your style of trading.
Brokers often try to attract you by offering high capital bonuses when you make your first deposit. This is good because you get more money for trading.
You can choose the broker that offers the highest first deposit bonus, but you should make sure other aspects discussed above and those that are discussed below suit your needs.
The features to be evaluated when choosing top forex brokers are minimum amount to be deposited to start trading, deposit methods offered, currency options provided, minimum withdrawal amount specified and waiting time for withdrawals, among others.
Further, it makes sense to go through all other written policies in detail. Brokers make money by charging a fee for each of the trading transactions that you execute on the forex trading platform provided by them.
As far as the broker and you are concerned, the significant source of revenue would be the spread, the difference between ask and bid prices.
It pays, therefore, to check as to how the brokers you have shortlisted handle spreads:. Do they offer fixed or variable spreads?