Forex Brokers Reviews and Trading Guides

Making a list of the best forex brokers to do a review is not so easy. We have a very sophisticated analyzing process that helps our experts to make a list. Most of the time, reviewing reputed brokerage firm is the most crucial because there are several criteria we follow where those firms are not getting a higher score.

However, to make an honest review on brokers to make the best list that will help traders is the primary goal. Remember that it is not a paid review or anything like that sort. We review only to identify the most realistic broker that provides the best trading experiences to the traders.

We are committed to reviewing brokers with honesty so that we do not miss any broker that is providing excellent service. If you see we have lost any broker here that is worthy of being on our list, then please do mention them in the comment section. We will review them and add them to our list.

You will not become successful if you do not follow forex trading guidelines before you start your forex trading. Instructions are coming through years of real-life trading experience of expert traders. They have done the hard work for you and completed the trial and error part that makes a guideline perfect. Most trade giants are following instructions before they trade on the forex network.

Every financial business that involves public investment and profit through buying and selling the products need lots of experimental data to start trading. Why are they important? Yeah, we knew it would be your next query to know after hearing it the statement. Because we are talking about forex business and it is live for every moment, and the market movement is continuing endlessly. Any other financial market is running for a fixed time daily though there also you need guidelines that are very sophisticated and commercial. We are talking about the forex trading market that is the largest financial trading market on the globe.

If you are following guidelines, you are going to get two things for free. The first thing is that you are trading based on the time of your location, and you are in the shadow about what is happening while you were not present in front of your computer screen to see the market. Guidelines are based on 24/7 data so that traders can get them to get the whole picture before trading.

Now, in the below section, we have added short guidelines for each broker. So, on this page, you are getting the complete forex brokers review and forex broker trading guide together. Let’s start the journey without further due.

IQ Broker has a unique trading platform that offers its traders to experience. Traders who are trading using their platform are reviewing them as one of the most user-friendly user interfaces. Several options are enabling the comfortability while trading because the IQ Broker broker is letting their trader see a graphical representation of each instrument.

You need just to select the currency pairs or another instrument to do the trading. Select your investment amount for the particular trade. After that, choose the duration of your position with an expiration period and then decide your trading.

Now, before you call your trade, you will find a profit amount if you win the trade that will give an idea of how worthy is the trade to you. After you decide to perform the trade, just click on the call or put a button. Now, the call button means that the price of your trade will going up and put means that the price will be going down. And it will decide whether your prediction is right or wrong. That’s how the trading happens on the IQ Broker broker’s trading platform.

Deriv.com has one of the most time-efficient trading platforms for their traders. The company values its clients as they are investing through the platform. Now you can use their dedicated trading system, or there is a software called MetaTrader software.

Before trading, you must set your rules of trading based on their options, and they have tick trading, buy/sell trading, options trading as well. You may see their signals to predict the price movements to trade.

At first, you need to select the currency pairs you want to trade then choose the number of ticks you want to hold. Then select the amount you want to make the trade. Now, at this stage, you need to predict the action whether the price will rise or fall after the duration you set. Once you decide to trade, click on the purchase button, and your trading will start performing. That is how trades are happening on the Deriv.com platform.

If you want to trade different instruments or currencies on the FX-Advisor’s trading platform, then you can trade on their web platform or the MT4 software. On the MT4 platform, you know that it is a software that allows traders to trade by selecting the pairs or other commodities that available. Now, whether you are using the web platform or the software, you can either option trade or buy a currency pair and hold for the right time to sell.

But if you are using options trading, then you must choose the holding time, which is mostly within 5 minutes to 50 minutes. Then you need to put your prediction and start the trading. Once the trading will expire, and if your prediction goes right, you will get your profit. Otherwise, you will lose the money you invested in a particular trade.

24option broker has its web platform so that traders can trade being within the system. They also allow traders to trade on MT4 software. However, there few types of account types you can subscribe to on their platform. Basic, Silver, and Gold are the types where they limit the investment traders can invest in their accounts.

Now, trading is quite similar to other brokers, but the possibility and the information they provide is mind-blowing. If any newbie wants to start the trading, then it is straightforward to do because they designed their interface for traders with more comfortable usability. It will help the user of their platform to choose options and trade more efficiently.

They have three kinds of account system, standard, Gold, and VIP. The trading process is also similar to a better trading interface. You can use a “high and low” trading system for options trading. Choose your favorite currency pair or instrument that you want to trade. Select the timeframe and predict based on your strategy and analysis. After deciding, you can place the trade on the network. If your prediction is right, then you will get what the system shows you as the profit. That is how basic guidelines you may follow to trade using the Binomo broker trading platform.

IG Market has the most in-depth trading platform you may see in the trading industry. Whether it is forex trading, or CFDs, or any other trading business, IG is providing the most authentic and in-depth analysis of any commodities or currencies. If you open the platform, you will see a complete view, including what is happening in the world that can impact the market price.

To perform a trade on the IG platform, you need to start with the identity which currency or instrument you want to purchase or sell. The market analysis will be in front of you to check that before you decide. However, you need to set the profit limit, the timeframe of your trade, and the stop-loss point, and it is a must to understand as a trader. After setting up your trading now, you can order your trade, and it will start live. You will see how the price is going while your trade is running. That is how the trading on IG Market is happening.

City Index has a unique trading interface on its web platform that enables a variety of researched data displayed there. If you are learning the trading, then you can get notable information that you should write down. However, before hopping into the realtime trade on any platform, you need to master that platform using the demo account.

Whenever you start trading your demo account on City Index, they will give you enough virtual money to practice trading. You can choose any pair and start buying or selling. The practice account is virtual, but the strategy of the demo account and the trades are based on the realtime data collected by the AI.

To perform a real trade on City Index platform, you need to choose your preferred currency or commodity, and then select the take profit and stop-loss point. After picking them, you need to set a time frame that you are going to be on the trade for a specific time. You must do it on your own because you need to keep an eye on how the price is acting.

We know that Forex.com is one of the market leaders of the forex business right now. However, their trading platform is developed than most other brokers because of their resource capabilities. Now, if you studied well the strategical preferences of trading, then you may able to trade on their platform without knowing other tips.

The reason for telling it is that their trading interface has enough information regarding the selected currency pair. And it is essential to see every information as well as factors to check realtime to understand the behavior of the currency. You can set your profit limit and stop-loss point to make sure that you are not too much deeper into the loss.

Trading on the FXCM web trading platform is comfortable if you have practiced on the demo account well. Every platform provided by a broker has some similarities but several things on the interface you will find differently presented. The FXCM trading interface will give you an in-depth idea about the market’s price movements and the situation in realtime.

Now, if you can understand those data, research on your preferred analysis, then you will be getting an indication of whether you should trade or not. Many traders are there who place trade orders without checking all the factors displayed there. Every second, the prices are moving and dancing, so if you want to trade to make a profit then you must keep an eye on everyt moment when your trading is running.

Finq.com has a dedicated trading platform if you want to use it. Otherwise, you can use the MT4 software to perform a trade, then that is also useful. However, like other brokers, their platform has even options to buy and sell your currency pairs or perform options trading by predicting the price. On their platform, the difference is that they display different types of informative data that will indicate the current condition of that particular currency pair or commodity. If you can practice it well, then you are going to experience one of the most comfortable tradings on the network.