The best Forex companies in the world are on the increase as the day goes by. Day in day out, more and more forex companies keep surfacing with good and better services that will help make the forex market a good place to be in. a lot of brokers have and are still providing services needed by their clients.
Rather than giving a long list of all the best forex companies in the world, it will be better if we can discuss their characteristics and leave you to be the judge of the matter.
CHARACTERISTICS OF THE BEST FOREX COMPANIES IN THE WORLD
1. PROVISION OF VARIOUS ACCOUNT TYPES:
Traders should be able to access various account types from the forex company. The major types of accounts include a standard account, cent account, and the shares account. These accounts should be available in forms of a live trading account, a demo account (for newbies) and other options. These account types should also have a provision for accommodating almost (if not all) the currencies known to man.
2. PROVISION OF SOFTWARE/PLATFORM
The company should be able to provide the clients with a multiple trading platforms which could come in the form of software such as MetaTrader4 and MetaTrader5 which can be easily installed on a PC, Smartphones and phablets and tablets. The software should also come loaded with indicators which are fully optimized for trading resources.
3. IT SHOULD HAVE DEPOSIT OPTIONS
Deposit options supported by each country’s local bank wire transfer. There should be no commission attached to the deposits and money transfers should be instantly processed. The transfers should not stay more than expected.
4. AVAILABLE MARKETS
The range of currencies supported should be quite large. Metals such as gold, platinum, and silver can also be supported. A good forex company should be able to have a provision of accommodating most (if not all) of the known currencies.
5. OFFER BONUSES TO CLIENTS
The company should once in a while appreciate the customers’ effort by giving them promotional offers which comes in form of enticing bonuses.
6. CUSTOMER SUPPORT
The company should have the customers at heart by providing platforms such as social media pages where the customers can interact with the company. Telephone hotlines should also be provided for the clients to lay their complaints. The customer support should also provide language support.
The company should make the client and customer safety. There should be security measures put in place to arrest fraud and to make the customer feel s/he is at home and can trust the company.
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.