Forex broker – provide trading solutions in currency markets for worldwide traders. You can trade over 150 pairs, cryptos, stocks, idiocies, metals and mores with a broker. To trading you have to an account with a brokerage house – not only an account you need a good broker to open an account and trading.
So, there is some criteria to compare and select a good broker. Here are some parameters you should keep in mind while deciding on where to open an FX account:
Spreads offered
The tighter the spread, and the higher your profits would be. Find a broker that offers spreads as tight as 3-5 pips.
Online deposits
Ensure that the forex broker allows you to deposit money in your account from your checking account or credit card. Don’t forget to make sure that the payment method is safe and secure.
Leverage
This is the maximum amount of money the broker will lend you when you open a position (make a trade). You should look for online brokers that offer you the leverage of at least 200:1. Many brokers offer leverage of 400:1.
Charges
Make sure that the currency spread is the only fee you would be charged. Ensure that you do not have to pay any extra brokerage commission.
Investment amount
Find a broker that will allow you to open an FX account for as little as $100. Make sure that the broker does not ask you for a substantial initial investment fee.
Trading platform
Check the trading platform your broker would use to enable you to trade online. You want the ease of use and reliability and check that the broker provides assistance and support.
FX education
Check if your broker provides services like trading guides, FX training seminars, trading news, trading recommendations, trading literature, online guides, etc.
Compare Forex Brokers before You Open an FX Account
The best way to find a reliable FX broker that offers you all the functionalities is to visit a site that offers comprehensive broker reviews. It would be best if you used these reviews to compare various brokers on the different parameters. Moreover, it would be best if you read user reviews since these may offer valuable insight. For example, compare brokers based on the platform used, maximum leverage offered, the number of currency pairs, spread, minimum deposit, and transaction, stop order, limit order, trading hours, among other parameters.
JustMarkets Broker Details
Founded 2012 · Seychelles- Max leverage
- 1:3000*
- Min. deposit
- 1
- Spreads from
- 0.2 pips
- Platforms
- MT4 for Desktop, MT4 Web Terminal, MT4 Android, MT4 iPhone Trader, MT4 iPad Trader MT4 Multi Terminal, MT5 for Desktop, MT5 Web Terminal, MT5 Android, MT5 iPhone Trader, MT5 iPad Trader, Platform for Android, Platform for iOS
- Funding methods
- Credit Card, Debit Card, Western Union, Perfect Money, Neteller, Skrill, FasaPay, Internal transfer, Local Deposits, Bitcoin, TrustPay, Boleto, Multiple local methods, Sticpay, PayTrust, PayRetailers, Payment Asia, Crypto, Absa , Help2pay, Pix
- Base currencies
- USD EUR GBP JPY MYR IDR THB VND KWD CNY ZAR
- support@justmarkets.com
- Headquarters
- Seychelles: office 10, floor 2, Vairam Building, Providence Industrial Estate, Providence, Mahe, Seychelles Cyprus: office 102, 13/15 Grigori Afxentiou, 4003, Limassol, Cyprus
Risk warning: Forex and CFD trading on margin carries a high level of risk. A bonus does not reduce that risk. Only trade with money you can afford to lose.
