Forex Brokers with the Highest Traders Rating
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How should we rate brokers on their trading platforms?
Since forex brokers mainly offer online trading, it is crucial for them to have the latest technology. First and foremost, the trading platforms must be accessible and affordable for all traders. It is also a great idea to provide additional technical indicators and trading tools to help clients take their trades to the next level.
MetaTrader 4 and MetaTrader 5 are the most popular trading platforms at the moment. As such, many brokers are content with offering these two options. However, we should also note that these days, there are loads of other available trading platforms in the market. Some of them are entirely unique and offer innovative features that are often found absent on the more popular platforms. Therefore, providing a wider list of platforms can attract more clients, especially those who are looking for specific, advanced trading tools and analysis.
Continue Reading at 5 Things to Rate in Forex Brokers Quality
Why are trading instruments important in rating brokers?
Not all forex brokers can offer a wide range of trading instruments apart from currency pairs. Therefore, this can be a great opportunity for brokers to stand out in the market and attract traders who are looking to expand their investment portfolio. Some top brokers can offer hundreds, even thousands of tradable instruments, including stocks, index CFDs, commodities, precious metals, etc. A few of them even go beyond traditional instruments and offer cryptocurrencies which are undoubtedly in demand these days.
Continue Reading at 5 Things to Rate in Forex Brokers Quality
Why should we rate brokers on their trading conditions?
Trading conditions are a great way to start because they are basically the foundation of the broker service itself. This includes the amount of trading spreads and commissions, leverages, and more. Trading conditions can directly impact the trader's overall trading cost, making it a critical aspect of any broker's selling value. Great pricing must be one of the top priorities to offer to potential clients, especially with the cut-throat competition between brokers these days.
Moreover, since standard regulations are starting to take effect, regulated brokers can no longer offer fantastic bonuses or exaggerated promises of high returns. Instead, they can offer low fees to reduce the trader's cost, combined with a transparent trading ecosystem and no hidden fees.
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Why is a balanced review actually a good thing?
Because it is almost impossible for promotional websites and paid reviewers to mention a negative review about a broker.
While a genuine reviewer can also leave a positive review and praise the broker for their services, they would state the reasons clearly instead of just saying how good the broker is, and maybe add some flaws that the broker has despite the other excellent services.
Keep in mind that getting negative results in the reviews does not necessarily mean that the broker is straight unsafe or bad. It shows the reality of how forex brokers offer their service; there will always be a trade-off that traders need to weigh on carefully.
In fact, showing just the positive side of a broker is not realistic and may seem dangerous since it is just what a scammer would definitely do to attract clients.
Continue Reading at How to Avoid Fake Broker Reviews
