ACT Forex broker is a form of Forex brokerage which makes ActTrader software to engage in brokerage activities in the market. This is a computer program which is quite different from what is obtainable in the MT4 and MT5 trading platforms. This platform comes with both a web-based and downloadable versions of the program for easier access by the Forex traders.
It should, however, be noted that trading in Forex can be done both online and offline and regardless of your choice, all the platforms give you an avenue to be able to control and manage your funds during and after the trade.
HOW TO CHOOSE AN ACT FOREX BROKER
This follows the same pattern of choosing any other Forex broker in the market. The major item to be considered in this case is the usability of the platform for your trade. Here are some other factors to consider before choosing the right ACT Forex broker.
1. INTERNET CONNECTIVITY
On your own part, there is a need to know how often you can have access to internet connectivity and facilities before you consider choosing an ACT Forex broker. Being an online trading platform, the account management, deposit, and withdrawals are all carried out online.
2. EASE OF ACCESS
The best ACT Forex broker should be the one whose User Interface is easy to navigate and the app must be usable to even novices. It should be so simple that even a newbie in Forex can understand how to use the application and should have incorporated, all the options a trader may likely need.
3. CLIENT PROTECTION
Since it is an online trading platform, there is a great need for the client’s interest to be protected. The best ACT Forex broker should have diverse ways of ensuring the investment of the client is safe. There should be laws guiding investment and trading in the online platforms. Preferably, all the Forex brokers should a unique ID number for easy tracking when the need arises.
4. CUSTOMER CARE SUPPORT
During trading, whether you like it or not, there will come a time you will be stranded and need help. The best ACT Forex broker should be able to provide you with a customer care support that is easy to access 24/7. Contacting the customer care should come with options such as emails, fax, and phone calls so that your request can be processed at a very fast rate.
The best ACT Forex broker should be able to offer you some financial advice on the nature of the market and also convince you beyond a reasonable doubt, why you should trade with them.
The content of this article reflects the author’s opinion and does not necessarily reflect the official position of LiteForex. The material published on this page is provided for informational purposes only and should not be considered as the provision of investment advice for the purposes of Directive 2004/39/EC.