It http://top10best.io/ is no secret that a good number of international Forex brokers have regulations that restrict US traders. A good number of international Forex brokers operating offshore do not accept US residents to open account with them. A good number of these brokers are the regulated ones. The reason for this will become very clear as we tackle every reason. There are strict regulations that limits doing business with US citizens. Most of these regulations originate from the US government. Fortunately, these regulations do not completely stop international brokers from accepting us citizens. There are a good number of offshore international Forex brokers that accept US citizens. Below is the primary reason why some offshore international Forex brokers do not accept US citizens.For the beginners, the support and advice from brokers are especially important because forex is totally complicated. Sometimes, to start open an account, traders will need some help from brokers. But, there are still some common problems that prevent them from contact the brokers. They are timing and language. Top-rated ECN brokers have clients from many different countries such as like China, Thailand, Indonesia, South Africa, Malaysia, Vietnam, Iran, Russia...and they do have office in these countries and their working timeframe is perfect. They open the offices 24/7 and even they equip live chat for the clients from the countries they do not have office in. In the case of language, there are brokers that can communicate with 20 different languages. For example, Exness serve in 13 languages and open service 24/7, XM has 30 languages for support and FxPro with 19 languages and work in 24/7 frame too.
Licenses are issued by credible organizations. These organizations have some standards and brokers have to be tested before they get the licenses. But do a lot of licenses mean more reliable and beneficial they are? The answer is no. Because more licenses require more fees to pay for organizations or for insurances so they can offer low commission fee or spread because they need that for the income. Like US or UK brokers, they own a lot of licenses and that cause them some drawback. Meanwhile, Exness, ExPro or XM, they just need one or two trusted licenses to define their reputation and gain trust from traders. Therefore, one and trustful certificate is a good idea.
Investing in forexis undoubtedly one of the forms of investment that can provide more benefits in the medium term.Therefore, more and more traders and individuals are interested in this type of financial product.Unfortunately, this has also had its negative consequences, generally associated with theemergence of fraudulent platforms that engage in scams.The truth is that it is not always easy to distinguish reliable platforms from those that are not.From Ubanker, a portal that was born as a solution to the arduous task of distinguishing those safe and fraudulent options, we bring you a complete guide with thebest online brokers of 2018so that you do not play it in any of your transactions.As withbinary optionsandCFDs,investment in currencies is very attractive due to thegreat potential for profitability.No doubt a high potential return has a high risk associated, but forex investors continue to increase, because the risk can be easily managed with stops, diversification and good pre-investment analysis.
Forex is a complicated market and I have realized that many traders try to find the best brokers. But it is hard to decide because it is about where you live actually. Traders from US/UK will be served well with these brokers but to whoever from Asian or Africa, Cyprus is a better choice. The reason is that it provides traders with low cost of spread or commission but high leverage and good payment system or trading platform.In Forex market a segregated account is a special type of account that the Forex brokerage company uses to keep its customer's assets separately from the firms. This separation of clients funds from the main account of the firm is very important for a number of reasons. The fundamental purpose of this separation is to create a clear distinction between the two assets. This is done so that no money from either group is used for the wrong purpose. For example, consider a case where the brokerage firm uses clients money to finance its operations. This is very possible in cases where there is no segregation simply because it is not easy to separate the two monies.
The spreads that each broker offers is also something for you to consider. The spread is the difference between the bid and ask price on a currency pair. When you place a trade, the broker keeps the spread and this is how they are compensated. You want to find a broker that has reasonable spreads when compared with others in the industry.By law, Forex regulatory bodies require that Forex brokerage companies maintain segregated accounts. The law stipulates that all clients funds are deposited in segregated accounts. The segregated accounts are constantly monitored by the Forex regulatory body controlling the brokerage firm. The intention is to prevent the clients account from any act of criminal or fraudster activity.
However, top ECN brokers have a brilliant solution for this problem. They know that liquidity providers are thought to be more reputable and give more stable quotes. Actually, these big providers give the quotes by themselves and that are even more risky and unstable. ECN brokers like Exness or FxPro choose to combine all the quotes from liquidity providers then supply for traders so that if there are any accidents they can have more choices and alternative quotes. That means there will be no higher slippages, no-quote errors or gaps. That is excellent.It is the smallest transaction size allowed by the forex broker.If for example an FX broker operates with lots of 1000 units, this will be the minimum number of monetary units of a given currency with which you can operate your customers.