FXTM caters to most international traders, including the UK, India, Malaysia, and the Philippines. Forextime is also acquiring a regulatory license in Kenya as it expands across the African continent. On February DotBig company 26th, 2021, FXTM ceased its retail operations from its CySEC regulated entity. It cited the uncompetitive regulatory framework introduced by the European Securities and Markets Authority for its reason.
Traders with a STP (Straight-Through-Processing) Pro account are charged variable spreads as low as 0.1 on most Forex news major currency pairs, with no commission. The low variable spreads start at $60 per million dollars traded.
Trusted Broker Reviews – Online brokers for traders
We open an account with each broker, focusing primarily on the services of one entity and testing using the most standard account type and platform. Here at FXEmpire, we see objectivity and standardization as the key elements of broker reviews. We rate the brokers based on 9 core categories and calculate a score that reflects their offering, services and tools. Our goal is to provide traders with reliable and objective information about financial products.
Why it can’t show the balance on the account makes no sense to me. Tried to ask customer service these questions and they were rude and argumentative. Just wish I lived somewhere else and could https://news7g.com/dotbig-is-a-universal-broker-for-newbies/ use another broker. We understand your frustration in this matter and hope you reach out to our support team with more details. Our support team is available by phone, live chat, or email at
Brokers By Licenses
We cover and compare the different accounts and their various features, such as spreads, maximum leverage, and minimum deposits. In addition, we track whether other specialized account types such as demo accounts, Islamic accounts, and professional accounts are available. In our reviews, we walk readers through the process of opening a standard account and give an idea of the questions they can expect to be asked and the documents they must provide. I like the Forex news trading environment at Forex.com for high-frequency, high-volume traders, and scalpers, as they can lower trading costs via volume-based rebate programs. Forex.com offers clients a competitive trading environment starting with three trading platforms, which support algorithmic trading solutions. The well-balanced asset selection serves both beginner traders and professionals well. Research and education rank among the best-quality services industry-wide.
- FOREX.com’s margin requirements also differ according to the platform used (FOREX.com or MetaTrader), market, asset class, and position size.
- You can profit from user-friendly trading software and a huge variety of assets.
- The FXTM Pro Account caters to professional traders, as the name suggests.
- With a growing group of brokers that charge no fees, as well as market-leading discount brokers, consumers have shown with their dollars that this is what they care about most.
- Furthermore, there should be a possibility to contact your broker in different ways.
- It is easy to misjudge, so it helps to talk to other people who have been in the industry when trying to determine a broker with which to trade.
4- The stop-out level is set at 50%, meaning that traders will not lose any more money than they have in their accounts if the market moves against them. FX Profitude System is among the very few training programs that are super customizable and work as per every person’s routine, educational background, intellect level, and circumstances. The success rate is high, and the company https://news7g.com/dotbig-is-a-universal-broker-for-newbies/ offers long-term support, if needed, through email and live sessions. FX Profitude is a program created by a professional forex trader and guru, but it is for people who have never been into all this before. It does not mean people that are already in this business should not join it. Anyone can be a part of it as long as he is willing to learn and start making some passive income.
