It is normal that in the forex trading world there are some concepts will confuse traders if they are not prepared a lot of knowledge about trading business. In this article, I will analyze some aspects about some best forex brokers or best ECN brokers so that trader can be aware if they are trading with the best forex brokers that fitting their trading strategies and help them strike.
The best forex brokers support their clients excellently
Here is the list of some amazing service providers, which are considered to have a lot of standards of the good services that help traders to overcome the language lacks and the timing:
|Exness supports 18 languages 24/7|
|XM supports 23 languages 24/7|
|HotForex support 27 languages|
|FxPro and FBS supports 19 languages|
These best service brokers have office in some of the Asian countries like Dubai, China, Malaysia and they are even the best forex brokers in Thailand, and Indonesia. These local offices work 24 hours a day and even clients can contact with them through online chat. And Asian or Africa clients feel welcoming because the best brokers help them to get the professional advice in their very language so they feel free to explain their problem and feel safe for their trading forex.
Best forex brokers with best choice for licenses
The best licenses are now most recommended for brokers to show their principles are from US, UK, AU, JP, Hong Kong, Singapore, and CySEC. Usually, brokers with licenses from their clients’ countries will get trust from them. Or brokers can have the second best choice is that they own one of the most reputable licenses mentioned above. With these methods about licenses, traders can make sure that they are saved for the financial risk situations. These brokers as I list below have one license for their reliable proof:
1 Exness.com has CySEC, FCA
2 HotForex has CySEC, FSCA, FCA
3 XM.com has CySEC, FCA, ASIC
4 FBS has CySEC, IFSC
5 FxPro has CySEC, FCA, DFSA, FSB
Best forex brokers charge their traders the tiny cost for trading
Basing on brokers’ trading condition, license owing, and the working areas, these are the most suitable for traders from where they live:
Asian traders: Esness is one of the best forex brokers for beginners.
African traders: XM and Fxpro
US traders : Forex.com
European traders : XM, FxPro and Exness
For whose are familiar with the trading fees, these are the income that brokers try to make from spread and commission. However, you should only trade with these brokers above because if an Asian trader try to deposit for UK and US brokers, they will be cost more than regular fee because of the fee for more licenses that they have to pay.
The other problem about fee is minimum deposit, when opening an account among Exness account, the minimum deposit is very low, at 1$, which is the same with FBS, or 5$ with XM and Hotforex. The tiny deposit is the interest for new traders and trader who want to pay least to get to know about one broker. It is the fact that new traders have no skills so the little trading amount will be the safe choice and also the little payment for their study for trading experience. And the traders who want to learn more about brokers also need to start with the little minimum deposit to know about brokers’ trading system.
In conclusion, these best forex brokers or best ECN forex brokers below have met the trading standards for most traders:
– HotForex: 8/10.
– XM: 8/10.
– FBS: 7.5/10
– FxPro: 7/10.