There are nevertheless a large number of forex brokers that still use 4 digit quotes what is forex trading and how it works. These quotes are fairly simple and simple to comprehend as the last digit indicates the genuine worth of a pip. With a sizeable number of 4 digit forex brokers still existing in the market, it is fascinating to know how they stack up next to each other what is forex trading and how it works.
Online Forex Broker : what is forex trading and how it works
RoboForex is a highly popular CFDs and online forex broker that is regulated by both the IFSC and CySEC. Founded in 2009, this online broker is next registered in imitation of IFC and UK’s FCA. Being a regulated forex broker, its users can be in flames assured of regulatory authorities looking after their authenticated interests in the same way as 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 conventional as they come later than packed tools and features and are used by millions of traders worldwide.
Also, with RoboForex you can pick between 3 trading account types – Standard, ECN, and Cents. Depending on the account you choose, the spreads can either be drifting or fixed. The customer Keep of RoboForex is genial 24/7 through alive chat, e-mail; request a callback through the website and, the telephone. The website too is user-friendly for users in 15 substitute languages.
2. Admiral
This international forex broker, established in 2001, focuses on discharging online trading services for CFD upon equities, currencies, energy, market indices and precious metals to retails traders all 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 own up of the art platforms behind Admiral Markets – MetaTrader 5 and MetaTrader 4. Also, to accommodate various devices and to assist traders carry out their activities, the broker has come out in imitation of apps for Apple and Android devices.
One of the main features of Admiral has been their analytics. In fact, traders can dig deep into highbrow analysis, fundamental analysis, forex calendar, a unique heat map, and tribute analysis to gain an idea of where the spread around is heading.
Customer hold through Admiral is reachable round-the-clock via web entrance form, e-mail, the telephone, and breathing chat.
3. Forex4you
For those looking for online forex trading services, Forex4you provides plenty of options. Despite visceral a little player in the trading market, Forex4you has earned large quantity of positive reviews and recognitions and is among utterly few players that find the grant for cents trading accounts for those traders that are starting afresh in the forex market.
This British Virgin Islands-based forex broker provides lonely one trading platform – MetaTrader 4 for its users similar to key features included in it behind Market Alerts, Automated Scripts, Advanced Charting Package, Trade Alarms, Technical Indicators and Trailing Stops. The account types reachable for traders in choosing Forex4you are – Cent, Classic, Pro, and PAMM.
In accessory to providing a broad 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 furthermore use NSFX for trading commodities once CFDs, Indices, Crude Oil, Gold, and Silver.
NSFX offers three interchange trading accounts – Standard MT4, Professional ECN, and VIP account in the same way as each of them providing entrance to multipart indices, commodities and currency pairs. Besides the web, traders can in addition to use the trading features via mobile devices.
While the NSFX website is within reach in English, German, Turkish, Italian and Arabic, for customer support, traders dependence to door 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 progress across the globe and is controlled by a number of regulatory bodies. Today, FXPrimus is a snobbish sponsor of Manchester City Football Club.
FXPrimus users need to rely on MetaTrader 4 platform to carry out their trading activities. Besides this platform, the broker after that offers a well-behaved mobile trading platform and a console trading platform called MyFX. Some of the best features upon offer through this broker insert Chart Recognition Software and Autochartist, both of which come happening with the keep for indicators and identify endeavors that can help you make the most of the trading opportunities.
Three interchange trading accounts on offer are – Individual, Corporate and Joint accounts, besides a demo account. Customer withhold for traders is reachable in English and many new languages. For profound support, traders have the another between the telephone, e-mail or breathing chat.
