Forex field works on a worldwide area that very region of the world has their own features and traders from there have various needs …
… and requirements according to their trading environment.
Generally, UK and US markets are known for their reputation and also their higher cost for trading too.
DO SOME RESEARCH FOR THEIR CREDIBILITY
Regulations in the forex world can be issued by profit and non-profit organizations.
These organizations or agencies are of course trusted and they can be governed by different leaders but they have some common principles for the entire forex world.
These rules are usually about maximum of leverage, the quality of quotes and the minimum fund or segregated accounts or the public reports for clear information.
The US and UK regulations are thought to be more reliable.
And it is totally truth but brokers with these types of regulation usually have to cost more money for spread, margin and they build less trading supporting trading platforms or the payment systems are not helping a lot.
Before traders could set up the best trading applications, they should check their phone types because not all the platforms, even the most popular can be matched perfectly with certain kinds of phones.
For example, MT4 and MT5 that are known for the most popular but their convenience can be set on some phone.
In comparison with Window Vista and Window XP, they are not totally working all the ways then some brokers have found out the solving for this by creating their own platform.
Of all the brokers, FxPro and XM are those two that care much about this matter and try to build up the platform system every day.
TRADING COST IS REASONABLE FOR TRADERS
Differently, Exness or FxPro… have this number just half of US brokers’.
With the reason that US or UK serve perfect for the domestic clients but not for the outside area clients that cause the higher cost for Asian traders when they want to open an account in these brokers.
Apparently, traders usually use a Credit Card to make deposit for US accounts and the fee can reach 1.7 o 4% of the total amount and they gain back just about 5% for the profit from that.
BEST LOCAL SUPPORTING SERVICE
Therefore, these need the places that they can rely on to get advice.
They also took the English serving that help traders who are mostly not good at English.
Moreover, Exness and XM open their service in 24/7 timeframe.