forex trading terms and definitions – Recommended √ – legit forex brokers in south africa

There are nevertheless a large number of forex brokers that nevertheless use 4 digit quotes forex trading terms and definitions. These quotes are fairly simple and easy to understand as the last digit indicates the real worth of a pip. With a sizeable number of 4 digit forex brokers yet existing in the market, it is interesting to know how they stack up adjoining each other forex trading terms and definitions.

Online Forex Broker : forex trading terms and definitions

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Best Forex Brokers for 2024

1. RoboForex

RoboForex is a severely popular CFDs and online forex broker that is regulated by both the IFSC and CySEC. Founded in 2009, this online broker is moreover registered considering IFC and UK’s FCA. Being a regulated forex broker, its users can be stop assured of regulatory authorities looking after their true interests taking into account utmost care.

With RoboForex, you can pick between 4 trading platforms – MetaTrader 5, MetaTrader 4, CTrader, and WedTrader. The former two platforms are considered as the industry customary as they come next packed tools and features and are used by millions of traders worldwide.

Also, with RoboForex you can choose between 3 trading account types – Standard, ECN, and Cents. Depending on the account you choose, the spreads can either be purposeless or fixed. The customer preserve of RoboForex is open 24/7 through live chat, e-mail; request a callback through the website and, the telephone. The website too is manageable for users in 15 vary languages.

2. Admiral

This international forex broker, established in 2001, focuses upon discharging online trading facilities for CFD upon equities, currencies, energy, market indices and unnatural metals to retails traders anything across the world. All the operations of Admiral Markets are regulated by FCA in the UK and EFSA in Estonia.

Traders can look forward to using different give leave to enter of the art platforms taking into consideration Admiral Markets – MetaTrader 5 and MetaTrader 4. Also, to accommodate various devices and to back up traders carry out their activities, the broker has come out past apps for Apple and Android devices.

One of the main features of Admiral has been their analytics. In fact, traders can dig deep into obscure analysis, fundamental analysis, forex calendar, a unique heat map, and admission analysis to get an idea of where the shout from the rooftops is heading.

Customer retain through Admiral is comprehensible round-the-clock via web get into form, e-mail, the telephone, and enliven chat.

3. Forex4you

For those looking for online forex trading services, Forex4you provides profusion of options. Despite innate a small player in the trading market, Forex4you has earned large quantity of distinct reviews and recognitions and is among categorically few players that provide cents trading accounts for those traders that are starting afresh in the forex market.

This British Virgin Islands-based forex broker provides isolated one trading platform – MetaTrader 4 for its users next key features included in it in imitation of Market Alerts, Automated Scripts, Advanced Charting Package, Trade Alarms, Technical Indicators and Trailing Stops. The account types genial for traders in choosing Forex4you are – Cent, Classic, Pro, and PAMM.

In complement to providing a wide range of trading services, Forex4you provides customer preserve 24/5 through the telephone, e-mail or Live Chat.

4. NSFX

This Maltese based forex broker primarily serves the French, English, German, Arabic and Italian markets and is regulated by a number of financial authorities including, MFSA in Malta, BaFin, FSA, MiFID, and others. Besides forex, traders can as a consequence use NSFX for trading commodities like CFDs, Indices, Crude Oil, Gold, and Silver.

NSFX offers three vary trading accounts – Standard MT4, Professional ECN, and VIP account following each of them providing entry to fused indices, commodities and currency pairs. Besides the web, traders can moreover use the trading features via mobile devices.

While the NSFX website is open in English, German, Turkish, Italian and Arabic, for customer support, traders obsession to way in any of the broker’s international locations using Online Chat or E-mail.

5. FXPrimus

FXPrimus is one of those online forex brokers that place a lot of emphasis upon performance, security and transparency. Owned by FXPRIMUS.com, this forex broker has its presence go ahead across the globe and is controlled by a number of regulatory bodies. Today, FXPrimus is a distant sponsor of Manchester City Football Club.

FXPrimus users habit to rely on MetaTrader 4 platform to carry out their trading activities. Besides this platform, the broker in addition to offers a honorable mobile trading platform and a console trading platform called MyFX. Some of the best features upon offer through this broker augment Chart Recognition Software and Autochartist, both of which allow indicators and identify goings-on that can back you make the most of the trading opportunities.

Three swap trading accounts on offer are – Individual, Corporate and Joint accounts, besides a demo account. Customer preserve for traders is open in English and many extra languages. For technical support, traders have the option between the telephone, e-mail or bring to life chat.