B R O K E R
There are thousands of global forex brokers online. However, only a few legitimate and trusted brokers are proven to have a good track record in terms of clients’ easy withdrawal of funds from their brokerage accounts. For a newbie in the forex market, one must register an online brokerage firm to trade forex. If you want to register, a good forex brokerage firm has the following factors:
Accredited by Government Regulators
Various government regulators accredit a good forex broker. The most common regulators are FCA UK, ASIC Australia, NFA US, FMA New Zealand, CYSEC Cyprus, etc.
In addition, you can download and check from WikiFX mobile app. In this regulatory inquiry app, you can get information on the legitimacy of the broker’s office, government regulatory compliance, feedback from the clients on the withdrawal of the funds in their accounts, and the ranking of the top Global Forex Brokers.
XM Global
XM was founded in 2009 and is a licensed online international investment company that provides clients with trading opportunities in financial products such as forex exchange, CFDs, equity indices, crude oil, and gold through the MT4 and MT5 software.
Here is all about XM https://bit.ly/3cvaXIK
Most of my EAs are installed on XM Global MT4 so I have decided to be their IB Partner.
You can register in this affiliate link here: Download XM Mobile App
Spread of the broker
Some of the income sources of the broker are spread fees (difference on the buy and sell), commission, and swap fees per pair. Some brokers offer no commission on trades but with high spread fees. This is also one of the considerations to choose a broker.
Customer Support
Another important consideration in choosing a broker is customer support. A broker with live chat support, contact email, and guidance from the broker account manager is one of the best ways to consider choosing a broker. Furthermore, you can quickly contact customer service if they have features on their website in case you have some issues and concerns with your account.
These factors are important when you trade forex either using an EA or performing a manual trade.
You can find this relevant information in WikiFX mobile app and Trustpilot review. Below are the top 4 brokerage firms which are tested with good support and quick withdrawal of the funds:
IC Markets
IC Markets is one of the top choices for automated trading software or EA traders. IC Markets order matching engine located in the New York Equinix NY4 data center processes over 500,000 trades per day, with over two-thirds of all transactions coming from automated trading systems. IC Markets is the largest Forex broker in the world by trading volume.
Here is the rebate link for IC Markets http://icmarkets.com/?camp=65418
Exness Group
The Exness Group has developed at an impressive rate in the past few years and is recognized today as an industry leader. By December 2020, their clients’ monthly trading volume reached 673.6 billion USD, and their active traders worldwide surpassed 145,400. Currently, the Exness Group offers a wide range of financial instruments, including currency pairs, metals, cryptocurrencies, energies, indices, and stocks.
Here is the affiliate link if one is interested in joining Exness Group broker:
Create an Exness broker account using this link: https://one.exness-track.com/a/7iiq2mzd72
FBS
FBS is an international broker with more than 150 countries of presence. 23 000 000 traders and 410 000 partners have already chosen FBS as their preferred Forex company. FBS Link here https://fbs.partners?ibl=572804&ibp=18185502
FP Markets
FP Markets has tighter spreads and faster execution. It is one of the world’s most trusted forex brokers because it is globally regulated, segregated client funds, 40+ international awards, 24/7 multi-lingual customer support, consistently tighter spreads, with personal account managers and 15 years of trading experience.
FP Markets Affiliate link below:
https://www.fpmarkets.com/?fpm-affiliate-utm-source=IB&fpm-affiliate-agt=17938
Disclaimer:
Forex trading through brokers involves significant risk and may not be suitable for all investors. Past performance is not indicative of future results. Before engaging in forex trading, carefully consider your financial situation and consult with a qualified financial advisor. Trading with leverage carries additional risks. Ensure you fully understand the risks involved and only invest what you can afford to lose. We are not an employee of the forex brokers mentioned, but we only focus on affiliate marketing. It is essential to educate yourself and seek professional advice if needed.