In forex trading, you have to be careful, besides having to master the analysis and technical trading so you don't lose, it's also important to use the right platform or broker so you don't get tricked.
You can choose the following trusted forex trading brokers as your trading partner. But before that, here we review the criteria for a trusted forex trading broker.
Criteria for Trusted Forex Trading Broker
By knowing the forex broker criteria below, you will not go wrong in choosing. So you can trade comfortably. Here's a list of criteria for a trusted forex trading broker that you can know:
1. Demo Account
Trusted forex trading brokers should provide demo accounts for novice traders to try. This demo account is very useful to know the real trading situation and conditions without investing large sums or risks before starting Forex trading on a regular account.
Having a demo account can help you feel more confident and comfortable in Forex trading. After that, there will be various instructions on how to use the broker. If you really feel confident with the broker then you can open a real or real account to make real trades.
2. Recommended Spreads
What are spreads? Spread is the condition of the difference between the buy and sell prices of the currency offered by the Forex broker.
If the spread is large, it indicates that the broker can make more profit. However, if the spread is small then you can deposit more money. If you open a clear position then you will be charged the spread and it will be an advantage for the Forex broker if there is a price difference.
3. Regulation
You are strongly advised to choose a Forex broker with the best quality or a trusted one that has a clear legal entity or has regulations. For example regulations from England or the United States.
Why is that? Because the two rules are very clear and for brokers who have accepted the rules, the broker has passed strict requirements.
Of course, choosing a safe broker is very necessary to help you provide a sense of security when you trade forex. such as EXNESS because they already have legal regulations, namely FCA UK and their customers around the world believe it.
4. Help Service
Of course the best and most trusted Forex trading brokers are those who can also provide support and clear doubts whenever you need a broker system.
It would be better if you look for a system that you can easily get through multiple accesses. Some of them are through telephone access, helpdesk support, forums, and email.
5. Security
Security is one of the must-have criteria for a trusted Forex broker. Of course you don't want to give relatively large amounts of money to random people, right?
Therefore, you should make sure and check the Forex broker with the relevant legal entity yes.
6. Withdrawals and Deposits
As the best Forex broker, of course you will be able to deposit and withdraw funds easily. Forex trading brokers should not complicate things like this.
Recommended Trusted Forex Trading Brokers in Indonesia and the World
Here are the most trusted Forex trading brokers in Indonesia and the world that you can consider choosing:
#1 OctaFX
Spread: Floating, from 0 pips Leverage: 1:500 Deposit: $5 Promo: 50% bonus for every deposit, fixed rupiah 1 USD = 10,000, motorbike prize every week, OctafX merchandise Regulation: IFSA, 19776 IBC 2011
#2 Finance Freedom Success (FBS)
Spreads: From 0 pips Leverage: 1:2000 Deposit: $1 Promo: 100% Deposit bonus Regulations: CySEC , IFSC, CRFIN
#3 XM (Anggota Trading Point Group)
Spreads: From 0.1 pips Leverage: 1:888 Deposit: $5 Promo: 15% Instant Bonus Regulations: IFSC, FCA UK, CySEC, BaFin, ASIC
#4 InstaForex ( InstaForex Trading)
Spread: 3 Pips (Fixed) Leverage: 1:1000 Deposit: $1 Promotion: 30% deposit bonus Regulations: RAFMM, CySEC
#5 FXOpen
Spreads: From 0 pips Leverage: 1:500 Deposit: $300 Promotion: – Regulation: FCA UK
#6 Exness
Spreads: From 0.1 pips Leverage: 1:2000 Deposit: $1 Promotions: – Regulations: CRFIN (Russia), FCA UK and CySEC
#7 Monex Investing
Futures Spread: Starting from 0.2 pip Leverage: 1:100 Deposit: IDR 5,000,000 Promotion: – Regulation: BAPPEBTI
#8 TickMill
Spreads: From 0 pips Leverage: 1:500 Deposit: $25 Promotion: – Regulations : FCA UK, FSA (Seychelles)
#9 GainScope
Spreads: Starting from 0 pips Leverage: 1:400 Deposit: $250 Promotion: – Regulations: CFTC, NFA, MFSA
# 10 Pepperstone
Spreads: From 0 pips Leverage: 1:500 Deposit: $200 Promotion: – Regulations: ASIC, FCA.
That was the list of trusted Forex trading brokers, recognized by local state authorities and even internationally. The list of trusted Forex trading brokers above is safe for trading. Thus, stock trading becomes more secure and convenient.
