Effective investing and trading operations need you to use a brokerage service that addresses your goals and needs. This is especially the case for beginners, looking for the best forex brokers to fulfill their needs. The main point here is to feel the difference between an attractive new income stream and functionally efficient brokerage. Let check OANDA and Exness brokers review as potentially efficient brokers for the long-term use.
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Exness forex brokers
Exness is a group of companies established in 2008. Thanks to attractive conditions for trading activities, the company has reached the top of the brokerage ratings. What makes this broker stand out from the crowd? They provide traders and investors with a great opportunity to perform their trading routine, using 100 financial instruments and minimized currency spreads.
Thanks to the “Unlimited leverage,” you can keep your funds under control without losing more you can afford. Also, this feature minimizes the marginal calls. When it comes to deposit and withdrawal, Exness traders and investors perform both operations almost immediately. Being the partner of the world’s best financial institutions like Barclays, OCBC, and Bank, the broker managed to keep all the financial operations on the special segregated accounts. Thus, the identification of each trading account’s owner is associated with protective algorithms enabling the maximum safety.
Pros:
- Low spread and low deposit requirements;
- Proficient customer support available in 20 foreign languages at any time of the day;
- Fast withdrawal and deposit making systems;
- Reliable trading platforms such as MetaTrader 4, MetaTrader 5, and MT4 Web Terminal;
- Over 90 forex trading account currencies;
- Trading tools such as trading indicators and chartings systems;
- VPS hosting available for free;
- Support of financial regulatory authorities providing the safety of trader’s data.
OANDA
OANDA is a Forex brokers that offer multi-faced financial services to forex traders. The broker was founded in the United States and licensed by the most respectable financial regulatory bodies. It has a wide range of trading tools, including commodities, CFDs, and precious metals. Apart from this, it provides a standard set of trading platforms known as FX Trade, including instruments like graphs, algorithms, charting mechanisms, and customized services. OANDA also supports the adequate safety measures to protect personal and corporate data.
Pros:
- Efficient customer service available 24/7;
- Multi-language approach, including the languages like English, Chinese, French, Spanish, German, Italian, and Japanese;
- No minimum account deposit;
- No minimum size for every trade lot;
- Regulation and safety measures required to recognize possible scam and fraud;
- Demo trading mode where traders can get some practice;
- Historical currency converter with almost 350 years of historical exchange rates for the major currencies.
Making the Right Choice in forex brokers
When you have to choose a Forex broker, you should conduct thorough research and analysis. Apart from checking the benefits, there are some serious risks you should consider. Whether you are a beginner or professional, you need a broker with sufficient experience in the stock market and attractive conditions for the long-term cooperation.
Considering the above brokers, their market-leading positions resulted from financial and operational factors. Do they enable an efficient trading or investing routine? Do they offer a mobile application for increased flexibility? What kind of assets are you going to invest in? By answering these questions, you will make the right choice.
