KathrynBrown Emukperuo June 7, at 9: Is a registered Forex broker a guarantee for an exceptional service? Multiple Platforms — We can highly recommend to you any of the above Forex Brokers and if you make the wise decision of signing up to any of them you will be able to use a mobile trading platform allows you to instantly be able to place your Forex trades wherever you are quickly and very easily, however they do all have of course their own highly advanced online trading platforms too, and as such you can use a web browser based trading platform if you prefer.
Top Rated Forex Brokers and Platforms
The forwards and futures markets tend to be more popular with companies that need to hedge their foreign exchange risks out to a specific date in the future.
What is the spot market? More specifically, the spot market is where currencies are bought and sold according to the current price. That price, determined by supply and demand, is a reflection of many things, including current interest rates, economic performance, sentiment towards ongoing political situations both locally and internationally , as well as the perception of the future performance of one currency against another. When a deal is finalized, this is known as a "spot deal".
It is a bilateral transaction by which one party delivers an agreed-upon currency amount to the counter party and receives a specified amount of another currency at the agreed-upon exchange rate value. After a position is closed, the settlement is in cash. Although the spot market is commonly known as one that deals with transactions in the present rather than the future , these trades actually take two days for settlement.
What are the forwards and futures markets? Unlike the spot market, the forwards and futures markets do not trade actual currencies. Instead they deal in contracts that represent claims to a certain currency type, a specific price per unit and a future date for settlement.
In the forwards market, contracts are bought and sold OTC between two parties, who determine the terms of the agreement between themselves. In the futures market, futures contracts are bought and sold based upon a standard size and settlement date on public commodities markets, such as the Chicago Mercantile Exchange.
Futures contracts have specific details, including the number of units being traded, delivery and settlement dates, and minimum price increments that cannot be customized. The exchange acts as a counterpart to the trader, providing clearance and settlement.
Both types of contracts are binding and are typically settled for cash for the exchange in question upon expiry, although contracts can also be bought and sold before they expire. The forwards and futures markets can offer protection against risk when trading currencies.
Usually, big international corporations use these markets in order to hedge against future exchange rate fluctuations, but speculators take part in these markets as well.
Note that you'll see the terms: FX, forex, foreign-exchange market and currency market. These terms are synonymous and all refer to the forex market. Lots of our website visitors and as such we do know and understand all of those website visitors will be looking for information regarding where and how they can place all manner of different Forex trades online or via their mobile devices.
This Forex Brokers guide will introduce you to each of our top rated Forex Brokers and we will also let you know what additional benefits out will have on offer by signing up to any or all of those Brokers.
We have compiled some very informative and definitive Forex Broker reviews for each of the following Forex Brokers, so please read through the overview of each of them and if out are interested in learning more about any of them then follow the links to read through our review of those brokers. Finexo — You will be able to open up a demo or real money Forex trading account at Finexo in a matter of minutes and it will be time well spent for you are going to find their currency trading platform a breeze to use and you will also have plenty of trading opportunities available too.
Plus if you are new to the works of Forex trading then their online and free to access trading guides will come in very handy. No matter when or what type of Forex related trade you are looking to place today or in the very near future we just know they can always be relied on to deliver you with those trading opportunities and their trading platform is easy to use too! NSFX — You will always find that your trading bankroll and trading budget will stretch much further at NSFX for they are committed to giving all of their traders the maximum value.
They do this via their ongoing monthly promotional offers that will allow you to get the best trading value no matter whether you are a high or low volume real money based Forex trader.
AVATrade — Should you be seeking out a Broker that is going to award you with one of the highest valued new trader bonuses then there is a lot to like about AVATrade , By making your initial deposit today you will find it is given a very large boost in value by their deposit match bonus offer which you should seriously consider making full use off. As you are going to be able to open up a no obligation demo trading account at each of the Forex Brokers listed above you will be able to experience firsthand but in a no risk trading environment how each of those Brokers respective trading platforms work and operate, so do consider opening up such an account as soon as you can do.