A Global Digital Media Network - Digital Journal

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A Global Digital Media Network - Digital Journal

A Global Digital Media Network - Digital Journal

Posted: 13 Feb 2020 08:50 AM PST

Forex is the largest financial market in the world. There is no trading center for the forex market, so traders must conduct trading operations through forex brokers. The number of forex brokers is very large, so traders should take the time to research, evaluate and compare them to know how to find a trusted forex broker that best suits their needs. This tutorial article will help you explore important considerations when choosing a forex broker in a competitive forex market.

Forex regulations

A reputable forex broker should have rules, programs or services that protect the integrity of the market. They should protect traders from fraud, manipulation, and frauds to make the forex market more competitive and stable. Reputable forex brokers will state their membership regulations or ID numbers on their website, usually in the About Us section of the website. Go to forexreviewdaily.com to learn more about forex regulations.

Trading platforms

The trading platform is a trader's trading portal to markets. With this, the trader should ensure that the platforms and any softwares are easy to use, intuitive and have many basic/technical analysis tools. Most importantly, transactions can enter and exit easily, a well-designed trading platform will have a clear Buy and Sell button, and some even have a "panic" button that immediately closes orders. is open. On the other hand, a poorly designed interface can lead to transaction mistakes, such as accidentally entering a trade order rather than closing it. Find the best trading platforms at bestbrokersnow.com.

Maximum leverage

Forex traders have the right to choose different leverages depending on the forex broker and the country where that person resides. Leverage is expressed as a ratio, for example, 1:50 or 1:200. Leverage is a forex broker loan for account holders and collateral. Leverage can bring great profits but also cause a lot of risks, you should use with caution. Find the best forex leverage at reviewyourbrokers.com.

Commission and other fees

Customers can find detailed information regarding commission and fee schedule of forex trading platform. Forex brokers make money through commissions and spreads - the difference between the buying and selling prices of the currency pairs. Many forex brokers do not charge commission. Spread can be fixed or stretched depending on market movements and the rules of each forex broker. The larger the spread, the harder it is to make a profit.

Any fees related to deposits, withdrawals or other procedures should be clearly stated by the forex broker. You can check all brokers' commission at bestbrokerslist.net

Deposit/Withdrawal methods

Most forex platforms allow customers to make deposits by credit card (credit) or debit (debit), such as Visa or MasterCard, in addition to bank transfers, electronic wallets like Paypal, Skrill, Neteller ... The method of depositing with an electronic wallet is processed faster, almost immediately. These methods are often quick and allow traders to trade immediately. Find out which method is the best at thebestreview.net

Withdrawing funds from a trading account can be done in several ways, depending on the forex broker. Many forex brokers support withdrawals by wire transfer, credit card, check or e-wallet. If you withdraw money to a credit card, you can only withdraw to the card used to top up, not to other cards. The forex website must specify the time to complete the withdrawal, if there are any costs, they must also be disclosed to traders.

Language

Many forex websites have only a few languages listed to support customers, but there are many multilingual support platforms with staff from many different countries. In general, just trading with a forex broker can provide clear and helpful support in the language you are proficient in.

If a trader knows how to find a trusted forex broker, they will spend a lot of time paying attention to forex analysis and strategies. A little research before opening an account with forex can increase the success rate of a trader in a competitive forex arena.

Media Contact
Company Name: Top6forexbrokers
Contact Person: Mario Draghi
Email: Send Email
Country: Vietnam
Website: https://top6forexbrokers.net/

Will Public Exposure Be the End of Forex Trading in Israel? - Traders Magazine

Posted: 11 Feb 2020 05:49 PM PST

The Israeli Securities Authority has published a draft, which is open for public comment, that proposes requiring Forex trading companies to publish client losses publicly. After widespread speculation that most traders lose money during Forex deals, the ISA would like companies to disclose to future clients the true risk of their potential transactions. This information will be made public, allowing traders to better understand the implications of their trade before following through.

The act is aimed at highlighting the risks that exist in trader activities, bringing to light that most traders lose their money in the Forex market through data and published warnings. The Authority hopes to provide potential investors with facts, allowing them to weigh the true risks of their investment activities properly.

Forex platforms allow investors to trade currencies using collateral such as high lines of credit, stocks, and valuable commodities, which include oil and gold. Due to the inherently volatile, unpredictable, and loss-prone nature of the market, highly leveraged loans (loans that have a very high default risk) are offered at a rate of up to 100 times the amount of the transaction. Combining leveraged loans, frequent losses, and the short-term nature of transactions (sometimes only lasting a few minutes), many feel that such activities should be classified as a type of gambling.

Some officials see the ISA's actions as an attempt to eliminate the Forex trading but, "the merchant arenas are an issue in themselves and often receive less than stellar coverage due to their reputation. However, the power of regulation lies precisely in allowing industries to continue operating within a framework that protects everyone while allowing both businesses and customers free choice." said David Malits, Founder & CEO of DM Communications. "If one examines all of the regulator's actions, they focus on transparency, competition, and fairness is prevalent. This move may reduce concentration in the capital market and increases competition in banking. The real driver behind this decision is likely part of an overall approach rather than an attempt to eliminate the industry."

The purpose of the amendment is to bolster the awareness of potential investors, protecting the public from engaging in risk-laden financial activities in which they do not understand.  A significant step by the Authority hopes to reduce the level of leverage loans offered by merchants, in line with a global trend towards minimizing investor risk in the market.

"If one examines all of the regulator's actions, they focus on transparency, competition, and fairness," concluded Malits.

7 Best Forex Trading Platforms for South Africans - Lowvelder

Posted: 07 Feb 2020 04:48 AM PST

With its daily growing exposure Forex industry shows constant development as well as bringing more and more opportunities to world traders and for South Africans in particular. Eventually, South Africa recently passing through a Forex boom as many investors are willing or already sign up into Forex trading.

This was caused by several reasons, the first of them is that South Africa established a regulated trading environment through its FSCA (Financial Services Conduct Authority in South Africa) which is a regulatory body that oversees trading activity and promotes its healthy development. It is indeed a great measure for both, South African traders with the possibility to invest safely and world Forex companies that may expand and still offer licensed trading opportunities beyond.

Lastly, FSCA regulatory regime set its regulatory standard aligned to international security rules and yet allows high leverage ratios up to 1:200, while European ESMA already significantly lower its allowed leverage, which is another point causing South Africa to quick expand on being world Forex hub.

Which South Africa broker to choose?

So now understanding the importance of regulatory regime within the jurisdiction, as it obviously promotes safe trading conditions and limits the risks to fall under the scams for you as a trader lets see the choices among the trading brokers. Consequently, you should choose only among the FSCA regulated brokers, which you should also verify by checking the broker's license and never trust to alluring opportunities of offshore firms, as they may easily scam you.

Actually, with its growing daily activity, there are already numerous world-leading brokerage firms operating its entities in South Africa and also strongly compliant with FSCA Regulation. For this reason we assist in your choice and create a list of 7 Best Forex trading platforms for South Africans in order to support your selection among trusted firms.

South Africa Trading Brokers comparison

To compare the trading offering and select the best one for you we present 7 South Africa Brokers that were determined and selected by a particular ranking. This including broker's legal sides and regulation, the overall competitiveness of trading conditions and offering, its international reputation or trust, and other important profile data.

So see below the list and choose the appropriate one in balance to your personal values, also you may access in-depth review with all important point covered of each broker trading conditions by clicking the link.

1. FXTM

First in our list is FXTM broker, a company operating since 2011 with headquarter in Cyprus, also with established regulated entity in South Africa. Eventually, FXTM is not only highly regarded broker, but also the one that becoming quite valuable in South Africa in terms of both its trading quality and customer satisfaction ratings.

Whether you are beginning trader or professional FXTM designed specified conditions suitable for any type of trader. Beginners or Professional will find necessary conditions accompanied by truly professional educational material and support materials, and that is besides regular contest broker takes.

2. XM

XM is another great option and trading solution, which operates globally and a quite known broker in Cyprus, UK, Australia and worldwide as well. With its great variety of trading instruments and focus on the client needs with a range of account types including micro accounts and specified type with ultra-low costs brings you a comprehensive feature for trading. Read a full review of XM here

3. IG Group

Eventually, IG Group or IG Markets is one of the pioneer companies within trading and Forex industry. It started its operation in 1974 and was standing at the very beginning of the online dealing and trading, which produce as a result of powerful combination for world investors.

So besides t its numerous entities around the world, the broker also deploy a trusted trading environment with greater conditions which indeed not many brokers has access to. IG received numerous industry awards and timely recognized for its excellence in both trading service and technology solution they provide. With IG NDD connectivity, you will get truly comprehensive trading capabilities, so definitely IG worth consideration.

4. HotForex

HotForex also offers a powerful solution to trade CFDs and Forex, also with costs built into the tight spread. Being a fully regulated broker in various jurisdictions HotForex maintains safe trading capabilities and delivers various solutions including Zero Spread trading and Islamic Accounts.

South Africans are able to benefit from the speculation on price fluctuations on various instruments including Cryptocurrencies.

5. FP Markets

FP Markets originally an Australian broker also expand its proposal globally, serving additional entity in Cyprus and accepting South African traders. Some of the great FM Marktes is a technical trading solution, as besides its powerful execution model you are able to choose from powerful software including IRESS, and MetaTrader platforms.

FP Markets also constantly undergo development, so along the time you will get more wide offering and various interesting conditions, which is definitely a great option in the long run.

6. Plus500

Plus500 is fully based on CFD trading providing, so if you would like to deploy your strategy on CFDs with a truly amazing and very wide range of instruments, Plus500 is your choice. Its trading platform is also very customer-friendly and intuitive, so any trader will get into the process quite easily. Also, Plus500 delivers some of the great costs, while the only missing point of Plus500 is education materials.

7. FXCM

FXCM is the last one in our list with developed trading software based on MetaTrader and TradeStation, so whether your choice is automated strategy or manual trading, along with a copy trading option, you will be able to use technology to its best.

While all in all, FXCM is defined as customer-oriented and professional broker with low trading costs and great level of customer service.

Critical Points or How to Choose Trading Broker

So now you get more of the details about each one's broker offering, you should then make sure to consider critical points in choosing the trading platform.

As first it goes Regulation, as money safety always stands first. Then you should take in account type and your personal level of expertise in trading, so if you're a beginner select among beginners friendly brokers. The third point is to select appropriate Broker Type along with its structure of the fees, either based on spreads only variable or fixed spread, or to a mainstay on commission charges with raw spread offering. Of course, never forget and verify additional fees or check-on specified conditions if necessary. Lastly, see the instrument range along with platform and trading software which you will use to execute orders maybe you prefer to use MetaTrader4 or another specific platform, so select broker with the included offering.

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