When you’re trading online, you definitely want to find a reliable and convenient broker to work with. If you’re just starting your trading career, choosing a suitable brokerage service may prove difficult: you have to compare dozens of options and gather pieces of information about them online. Even when it seems like you are ready to decide, you don’t know which features will be necessary when you finally gain more experience. To help you out, the Traders Union experts have analyzed the Forex market to find the best broker.
Looking for the best
Choosing the best option among hundreds of online brokers is a complex task. You won’t achieve any rational result by comparing them subjectively, so you have to develop certain criteria and rate all the competitors according to them. First, the experts rated the most crucial characteristics of every broker: fee structure, trading tools, account types, conditions, withdrawal methods. Then, bonuses, additional features, and educational materials were considered. Finally, the experts analyzed reviews online to find out what common users think of every platform.
The result seems to be pretty clear: while there are dozens of exceptional brokers out there, RoboFX is slightly ahead of the competition.
Founded in 2009, RoboForex has managed to become one of the leading brokers in the world with an impressive variety of available trading instruments. There are 36 currency pairs, stocks, indices, and so on. You can start trading with just $10 on your account, and that’s important for novice traders who don’t want to spend too much at first. The leverage, however, can reach 1:2000, and that’s great news for experienced traders who can use these extreme rates to make more profits with less.
RoboForex is widely considered the best broker for Forex trading: it has many awards for its services, and the reviews online are overwhelmingly positive. The broker is secure and well-regulated: all of its European operations are licensed and monitored by CySEC. The withdrawals are quick and easy, but you have to verify your account before you can withdraw anything.
The broker has an extensive educational program with materials covering the basics of Forex trading and market analysis. There are also all kinds of bonuses, including a welcome bonus of up to $30 and a bonus for deposit replenishment.