The Top 10 Forex Brokers Regulated In The UK (FXCM, GCAP)
HY Markets a division of the Henyep Group, a global conglomerate with a presence in 20 countries. Hundreds of companies operate in the Forex market in India, but if you want to succeed in the field of forex trading it is important to make the right choice of the Indian Forex Broker from the very beginning. So keep on reading for you are going to be very hard pressed to find a better set of Brokers than those listed below! Lowest Brokerage Charges in India. What to look for when choosing a Forex Broker?
Choosing the Right US Forex Broker
Many of the individual traders are US citizens and forex trading is very popular in states, considering that some other online investment forms are highly restricted. There is a number of forex brokers that offer forex trading to Americans, including operators who are based in the country, as well as brokers that are located offshore.
The US dollar is one of the strongest, most sought after and the by far the most traded currency in the world. That is the main reason why only pairs where the US dollar is paired with either of the other seven strongest currencies is considered a major pair. The importance of the US dollar and its role as the most powerful currency, is definitely an encouragement for many Americans to engage in forex trading.
After all, a change in the value of the dollar, which may be a result of a decreased or an increased trade activities to and from the US or a change in the political climate of the country may cause significant changes in the forex market.
Some traders might benefit, whereas others may lose a lot. Learning how to recognize when the value of one currency may grow or fall in respect to the value of another currency is no easy task and there is nobody who can accurately predict the price movements the whole time. But you can certainly get better at it and manage to get it right most of the time, or at least more often than not.
The first, and perhaps the most important aspect is the legal aspect. You are strongly advised to only trade through regulated forex brokers, who have a permission to provide trading services to US citizens.
Only thus you will know that both you and your money are fully protected and that there is no danger of fraud or scam. The Natural Futures Association NFA is the body in charge of regulating several financial markets in the country, including forex trading. The NFA is a self-regulatory, non-profit organization. The NFA was founded in Avoid any Brokers who are going to keep you waiting for more than 48 hours, in act you are going to come across several Brokers who will pay you on the same day that you request as withdrawal fi you make your withdrawal via a web wallet!
Licensed Brokers — Whilst there are no licensing authorities in India who license and regulate Forex Brokers you will find that there are many other countries who do have a legal framework to licensed Forex Brokers. It is therefore going to be the case that you should sign up to a Forex Broker that is licensed in places such as Cyprus, the United Kingdom and other recognised jurisdictions as you will have the added peace of mind in having the licensing authority to call upon for help if you ever need any help.
Currency Parings Options — One other aspect to you choosing just which Forex Broker to sign up to is that you will need to sign up to a Forex Broker that is not going to offer you just a small selection of currency pairings. The more trading opportunities that are available to you at any Forex Broker the better, and as such always have a good look around their website to see just what each Broker is offering you by way of currency parings, and select one with a large number of them on offer to their traders.
To give you some ideas of which are the best Forex Brokers that you can sign up to and trade at, below we have some mini reviews of the top rated India trader friendly Forex Brokers. Each of the following Brokers are going to let you sign up to their Brokerages with no problems no matter where you live in India and you are also going to find that you can claim some large sign up and ongoing bonuses and promotional offers at each of the following sites.
And now you may do the same! You can choose any leverage from 1: Should you be a long term trader who abides by conservatism when it comes to capital management, then a 1: But if you are an aggressive type of daytime trader, then a 1: InstaForex provides great opportunities for their clients. This gives new and professional traders even more possibilities! Trading without spreads makes the trading process easier to understand visually, and makes more effective use of technical analysis when accepting trading solutions.
InstaForex Company offers the most competitive swaps, refusing from the standard system of making profit with a spread against the client. The interest is calculated on sum not used in trading. InstaForex customers need not worry that their profit will be decreased due to inflation. Even if you are using a demo-account, you can count on expert advice and get answers to all the questions you may have, until you become experienced enough to start working with a real account.
The main goal of our customer support service, in our eyes, is politeness and effectiveness when dealing with customers. When InstaForex created a list of provided trading services, an entire spectrum of possibilities became available to traders. If you become a customer, you can be confident that you will get well-timed access to all new types of trading services on finance markets that appear in the near future. InstaForex specialists analyze brokerage service markets and do their best to react to upcoming trends.
We constantly seek innovation, by staying abreast of competitor developments; we also continue our regular work and establish new contract types.