What Is The Best Forex Broker?
Founded in 1989, CMC Markets has become one of the world’s most trusted forex brokers, offering excellent pricing, over 10,000 tradeable instruments, and quality research. It is also regulated by four tier 1 jurisdictions and two tier 2 jurisdictions, making it a trustworthy choice for investors worldwide. Choose the best forex broker among the top 10 forex brokers in india.
SEBI Regulation: All Forex brokers in India must be regulated by SEBI, the regulator of the stock market in India. While the SEBI regulates the stock markets in India, the Forward Markets Commission regulates the trading of non-exchange traded financial instruments, like Forex. The Reserve Bank of India, on the other hand, does not oversee forex brokers in India.
HotForex: HotForex is considered one of the top forex brokers in India, offering several account types and a wide range of trading opportunities. The firm also offers free online trading tools and video tutorials to help beginners learn about forex trading. They also support quick fund transfers.
Oanda Review For Traders
Oanda offers traders several ways to interact with the broker, including live chat, email, and FAQs. The broker has a wide selection of educational videos, and offers a number of how-to articles for beginners. It also offers news and analytic articles regularly. But the educational section of Oanda is a little bit lacking.
Oanda provides a wide range of trading tools and is regulated by international authorities. It also has a fast, reliable phone support system, which answers common questions quickly. Additionally, Oanda offers a comprehensive FAQ section, which outlines common questions and concerns. The company is dedicated to satisfying traders and has a proven track record. This makes it a reliable broker for new and seasoned traders alike.
Another notable feature of oanda review is its floating spreads. With these, you can trade with as little as 0.3 points for any single trade. The company also charges a commission for placing orders, although the amount depends on the type of orders, trading instrument, and account size. While these are competitively priced, they are far from the lowest in the industry. In addition, Oanda also charges overnight fees for leveraged positions.
What’s Next?
Oanda also offers an Android and iOS mobile app, which includes the same features as its desktop version. It also offers the same advanced technical analysis tools, including advanced orders and trailing stops. Its mobile app includes the TradingView and MT4 trading platforms, and has low spreads and a solid educational section.
