by admin | March 2, 2018 5:57 am
Are you looking to trade Forex? Would you like to have sound profits? If so, you need a regulated Forex broker to keep you on the right track. Although there is nothing much a broker can do as far as manual Forex trading is concerned, still, there are some factors that really make the difference between a regulated Forex broker and a broker which is not regulated. Regulation of brokers ensures that brokers are being supervised by some regulatory authority and that brokers need to follow a set of rules in place by their respective regulatory bodies. Today, we enlist Five best regulated brokers from this website, so you can open an account with them with full confidence making your way to a successful trading.
HYCM is one of the pioneers to offer Forex trading to its clients all around the world. The broker was incorporated in 1977. It is fully authorized and regulated by Financial Conduct Authority – FCA. The broker offers its clients to trade multiple assets including stocks, indices, commodities, currencies, cryptocurrencies, and CFDs. The broker also offers a state of the art flagship trading platform that allows traders to trade using a generous leverage of up to 400:1. The broker also offers competitive spreads starting from 1.5 pips.
A demo account to enable traders to practice their trading skills without risking their real investment is also available at HYCM. Clients can get started with the broker by depositing $100 only. Considering the security of clients’ funds, the broker maintains segregated bank accounts with the world’s most trusted banks. Confidential information of clients is also protected using HTTP and SSL web protocols. An excellent customer support round the clock is also available at HYCM.
FxPro is another well-trusted name by millions of traders when it comes to trade Forex. The broker is regulated by multiple regulatory bodies including Financial Conduct Authority and Cyprus Securities and Exchange Commission. It has almost been a decade since the broker is continuously offering cutting edge trading solutions to its customer all across the globe. Be its Forex or CFDs trading or customers wish to trade stock, indices, and currencies, you always get the best deal by FxPro. Getting started with the broker is also very simple and easy.
You just need to deposit $100 to be on your way to make profits. A leverage of up to 500:1 along with spreads starting from 1.3 pips can be availed at FxPro. As far as the security of clients’ investment or confidential information is concerned, the broker takes every step deemed necessary to protect both of them. The broker also provides 24/5 customer support to its clients and offers a range of deposit and withdrawal methods including debit/credit card, Neteller, Skrill, Bank transfers, Web money and other local payments methods etc.
Forex4you is another fully regulated Forex broker that came into existence in 2007. The broker is headquartered in British Virgin Island and has a regulation from FSC with a license number SIBA/L/12/1027. Over the passage of time, the broker witnessed a huge clientele increase because of providing users a complete package including a user-friendly trading platform, generous leverage, funds protection, and fully dedicated customer support round the clock.
Clients are allowed to trade a range of tradable assets including metals, stocks, indices, CFDs, commodities, currencies as well as cryptocurrencies. The broker requires its customers to deposit $20 only to get started. The only thing that holds the Forex4you at number 3 amongst the list of 05 best regulated Forex brokers is its high spread rate starting from 2.8 pips.
IG is yet another name that is acknowledged and appreciated by millions of customers all around the world. The broker is offering trading services for quite a long. In other words, it is one of the oldest brokers in the industry and most probably the most experienced one. The broker has its head office located in the UK. It is fully authorized and regulated by multiple regulatory bodies including FCA and ASIC. The reason we enlist IG at number 04 in the list of 05 best regulated Forex brokers is the low leverage offer. The broker allows you a leverage of 200:1 which is quite low as compared to its competitors. A full customer support is always available at IG.
EXNESS is also one of the best regulated Forex brokers one can ever wish for. The broker holds regulation from two regulatory bodies including Cyprus Securities and Exchange Commission and Financial Conduct Authority. The broker allows its clients to trade a range of financial instruments such as stocks, indices, metals, commodities, currencies, cryptocurrencies, and CFDs. The leverage offered by a broker is way too generous that one could have ever imagined. It is as high as 2000:1. The broker also does not limit traders in terms of minimum balance requirement.
Clients can get started by depositing any amount they can afford. You may wonder why we put Exness at number 05 in the list of 05 best regulated Forex brokers, the answer is that with such high leverage it is very likely that the traders will end up having a negative balance in their account. We strongly have concerns with such high leverage offered by the broker. Otherwise, all other aspects of brokers have compelled us to include it in the list of our 05 best regulated Forex brokers.
Source URL: https://betacash.org/best-regulated-forex-brokers-to-review/
Copyright ©2019 Beta Cash unless otherwise noted.