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Forex Broker Reviews

Written by ForexCult Team
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Forex Broker Reviews In this article, I would like to tell you about some forex broker reviews. I am not going to tell you about specific forex brokers in general, however I am going to tell you about some things that were listed in the forex broker reviews that you should look for when you are searching online for a forex broker. You should keep in mind that when you read forex broker reviews that the information that is there is based on the opinions of others. Some people don’t really pay that much attention to the forex broker reviews, however I think that you should pay close attention to them because it will help you out in the long run when you are trying to decide on a forex broker that is right for you, most of the time when you read forex broker reviews you are going to see the name of the broker or the company that has been reviewed and then you are going to see the advantages of that particular broker as well as the disadvantages of that broker. Make sure that you take the time to read the information carefully so that you are able to truly understand what the forex broker reviews is trying to say and what points they are trying to get across to you and other traders. All about Forex Broker Reviews Let’s start off on the right foot with the things that you should look for when you are looking or searching for a forex broker or dealer. The number one thing that you should look for is the low spreads. You will find out that when it comes to the forex market, the lower the spread the higher amount of money that you will save in the long run. The spread is the actual difference in the price of any currency pair that is given, the difference is found between the actual purchase price and the actual sell price. The second thing that you should look for is the account openings that require a low minimum amount. If you are new to forex trading or if you are a trader that doesn’t have millions of dollars to invest, you should take the time to check out the micro trading accounts that you can open up with two hundred and fifty dollars however, it is recommended that you at least start out with one thousand dollars, these types of accounts are wonderful for new traders. The third thing that you should look for is the instant as well as automatic execution of the orders that you place. You will notice that this is very important when you are choosing a forex broker. You want to make sure that your orders are going to be executed as soon as you place them and no later. The fourth thing that you are going to look for is the free charting analysis as well as the technical analysis. You want to go with a broker that is going to offer you the best well known charting analysis as well as the best well known technical analysis that is available to the traders. You are also going to want to look for a broker that is going to offer you free charting services that are professional as well as charting services that allow the trader to trade directly onto the charts as well. The last thing that you are going to look for is leverage. You will find that when it comes to leverage, it can make you filthy rich or it can make you dirt poor. If you are a beginner in the market you are not going to want to go with too much leverage. Thinking About Forex Broker Reviews It is very important that you take into consideration every word that is mentioned in the forex broker reviews because of the fact that the information that they are providing you with is information that they wanted you to know. Sometimes you may run across some forex broker reviews that may not seem like they are correct, but if that is the case you should make it a point to do additional research but you must keep in mind that the people who have wrote these reviews have had experience with the forex broker themselves and they have no reason to lie or nothing to gain by telling you information that is not true. Take your time and make sure that you find the right forex broker.

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Which is the Best Forex Broker you have traded with?

Interview with Matthew Sheppard

Senior Forex Advisor at XForex

1. What is your name and position?

Hello, my name is Matthew Sheppard and I am a senior forex advisor at XForex.

2. What is your experience and professional background?

In the last 6 years I had filled several positions in financial institutions such as a stock broker, a foreign exchange desk manager, a financial consultant and in my recent role I serve as a senior Forex advisor for XForex which is an online forex company.

3. What type of clients you deal with?

We deal with clients on all levels from the beginning stages to the more advanced trading levels.

4. Does most of your business activity come from the online or offline world?

Because of our high presence on the web, most of our business comes from the online world.

5. Why should a trader pick XForex from all forex brokers?

Aside from all the benefits that XForex offer like commission-free trading, 24/7 online support, high leverage (200:1), XForex offers educational and learning trading experience that you won’t find anywhere else..

Our team of experts and financial trainers provide personal assistance and guide clients to financial success. We provide daily analysis and market reviews to our clients giving them a better understanding of the market and helping them trade profitably.

6. From your experience, what advice would you give a person who wants to enter the forex world?

My advice to the beginning trader entering the Forex world is as follows:
  • Learn the market and understand what you’re getting into.
  • Research and find the broker that suits your needs and wants. Look for a good offering but more importantly customer service, don’t go for the low rates offer without being certain they have a good customer service department. From my extensive experience in the Forex world your key to success will be your client-broker relationship. I can honestly say that at XForex they put an emphasis on servicing clients, which is so important.
  • Invest smartly and calculate your risks.
  • Always know when to get out of a trade.

Broker of the Month

5_small_logoUFXBank provide up-to-date charts and news feeds, coupled with an easily navigated trading platform. UFXBank traders can access the biggest market in the world 24 hours a day with ease.

By keeping their platform, site and deposit process simple, safe and secure, UFXBank have become the web’s premier online forex trader.