Forex is one of the most viable investment options for anyone in the world. Although there are some risks, the opportunity to make money through IC Markets Review Forex is indeed very reasonable. The broker is the intermediary between the trader and the market and as such, the need to ensure that you have a dependable brokerage firm cannot be emphasized more than it has been in the recent past. The following are some of the top Forex brokers in the market, their Pros and Cons.
FXCM Brokerage Company
The FXCM brokerage firm is one of the biggest entities in New York. The company uses modern platforms for trading such as the Trading Station II, FXCM Active Trader, Trading Station Gateway and also an innovative mobile enabled platform known as MetaTrader4. The customer service is simply amazing and reliable but also, FXCM does not have commissions on offer. This is one of the Cons of the provider. The company is well known for floating spreads which are very tight. Furthermore, FXCM is just limited to Forex alone. The good thing about the company also is that it allows you to trade the US Dollar index. Accounts can be started for as low as $50.
Markets.com is one of the fastest growing online Forex brokers. Established in 2008, the company offers up to $2000 bonus for first time deposits. The company allows a minimum deposit of at least $100 and also, markets.com offers commissions unlike other brokers. However, US clients are not allowed to trade using the website. The company offers the largest mix of Forex trading with over 47 pairs for clients to choose from. Markets.com is not only limited to Forex, clients can trade in other instruments such as CFD investments, gold, silver and the like.
FXPro is arguably one of the most globalized Forex brokers in the world. The company is currently serving clients from 120 countries in the world. The broker is an ECN/STP broker and that means that through the cTrader platform FXPro is able to pass on your trades directly to an institution. The company has a bigger diversity of trading platforms that are designed for the diverse needs of its customers across the world. From mobile trading platforms to web-based platforms, FXPro has got it all. However, one of the disadvantages of the FXPro is its high-level transaction size that stands at 10,000 units.