|Rating:||Number of Tradable Assets/Instruments:||More than Binary Options Only?:||Mobile Trading Platform:||Analytical Support:||Educational Materials:||Leverage Amount Offered:||Tight Spreads:||Low Commissions/Costs:||Customer Support:||Read Review:||Visit Site:|
|N/A||N/A||N/A||N/A||Email Only||Read Full Review||forextrendy.com|
|120||500:1||from 0 pips||Live Chat, Email, Phone||Read Full Review||vantagefx.com|
|500+||30:1||from .054% and up||Live Chat, Email, Phone, Contact Form||Read Full Review||iqoption.com|
|2,000+||30:1||from .01% and up||FAQs, Live Chat, Email||Read Full Review||plus500.com|
|90+||3,000:1||from 0 pips||Live Chat, Email, Phone, Callbacks||Read Full Review||justforex.com|
If you are new (or even only a little inexperienced) to the exciting world of Forex and trading foreign exchange markets, then you are going to need some significant help to trade these global exchanges well. The Forex markets that hardly ever sleep trade in major international financial centers primarily based in London and Singapore and located all around the globe fully 6 days a week, for 24 hours per day (on five of them). To simply throw yourself into the deep end of the pool in foreign exchange trading and hope that you will manage to swim will likely end up with you sinking very fast. Statistics bear this hard truth out. Somewhere between 70 and 90 percent of Forex trading accounts around the world lose money, depending on the brokerage involved.
This does not mean that you should simply despair and immediately move on along to another market that you may perceive as easier and less complicated to trade. Fortunes and steady incomes alike are made in Forex trading all the time in this deepest and most liquid of international markets by far on the planet. The key is to find the right Forex trading program and service that all at once can offer you professional and quick trading execution, appropriate account structure, guidance, educational and analytical support, and more. But there are hundreds of financial companies out there offering Forex trading or Binary Options trading. So how do you know which ones to trust with your hard-earned investment and trading capital? More importantly, how can you decide which ones are best for those who are new to (or inexperienced with) foreign exchange trading?
We answer that question with the table above and in this list of important ranking criteria below. The best Forex trading programs and services offer some effective combination of the following attributes, products, and service categories to their account holding clients:
It is safe to say that not all of the Forex Picking programs and services reviewed here are created equal, even though they are all well-regarded and widely used. Forex Trendy for example is unique in the companies reviewed here as it is a program that generates trading recommendations and signals across a range of 32 different currency pairs using over 300 different charts it analyzes automatically. Yet for all of this power and performance, it does not allow you to trade the markets.
Vantage FX, Plus500, and JustForex allow for trading access to Forex markets, although Plus500 focuses more on Binary Options trading. IQ Option as its name indicates is only an options trading firm. They provide access to a large number of Binary Options instruments and assets but not to any actual spot currency pairs like US Dollars versus the euro.
Another important distinction between some of these companies pertains to which countries they service. Many of them will no longer provide access to American clients because of complications surrounding U.S. trading and assets disclosure requirements enforced by the IRS. Some of them are truly international operations with clients on all or nearly all inhabited continents.
The key is to find the Forex trading program and service that works best for your own unique circumstances. Be sure to do plenty of research so that you do not encounter any unpleasant surprises once you have gone through the trouble of verifying your identity and the time-consuming KYC “know your customer” rules and regulations enforced by the U.S., Great Britain, Australia, Switzerland, and the European Union countries.