Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 54.76% of retail investor accounts lose money when trading CFDs / Spread betting with this provider. You should consider whether you understand how CFDs / Spread betting work and whether you can afford to take the high risk of losing your money.
Important Notice - Fraud awareness
Important Notice - Scam alert
54.76% of retail investor accounts lose money when trading CFDs / Spread betting with this provider.
Important Notice - Fraud awareness
Important Notice - Scam alert
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 54.76% of retail investor accounts lose money when trading CFDs / Spread betting with this provider. You should consider whether you understand how CFDs / Spread betting work and whether you can afford to take the high risk of losing your money.
Important Notice - Fraud awareness
Important Notice - Scam alert
The vast majority of retail investor accounts lose money when trading CFDs / Spread betting with this provider.
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. The vast majority of retail investor accounts lose money when trading CFDs / Spread betting with this provider. You should consider whether you understand how CFDs / Spread betting work and whether you can afford to take the high risk of losing your money.
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    Choosing the Correct broker for trading: Which broker is best for you?

    One of the biggest challenges faced by forex traders today is making decisions on the best broker to choose for trading. Of course the choice of one's broker has a lot to contribute in the total profits made in the end. Not all brokers today meet the demands of the financial markets. Some brokers also do not provide enough trading instruments for diversifying one's portfolio while others may charge higher spreads with limited means of deposit and withdrawals.

     

    Features to look for when choosing a broker in forex trading

    While selecting a broker for trading purposes, it is necessary to ensure that the broker satisfies the following demands. Doing so helps to boost the investors confidence in trading with such brokers. Below are the distinguishing features for a good Forex Broker.

     

    • Regulation: The first mark of a good broker is that they are registered and regulated by the various regulatory bodies in the countries in  which they operate. This is very important in safeguarding the investor's fund. The major bodies regulating brokers internationally are FCA, SEC, FSC, CYSEC, ASIC and FSCA.
    • Financial instruments provided: The more the financial instruments available for trading; the higher the chances for making profits by the investors. It is therefore expected that a good forex broker should provide a variety of the following financial instruments: Forex Pairs, Commodities, Cryptos, Stocks and indices.
    • Spreads/ Commissions charged; Spread is seen as the difference between the bid and ask price. The little difference found in these two serves as the brokers commission for services rendered. A good broker charges lower spreads for using their services.
    • Educational tools and Contents provided: Good brokers are known for providing excellent educational materials and tools for analyzing the market. Also good brokers provide market news  for making fundamental analysis.
    • Customer's support services: Having 24/7 available customer support services to attend to clients is very crucial when choosing a broker to trade with.
    • Years of experience: A lot of new brokers are coming out daily to compete in the Forex market for client's deposits. It is therefore very necessary for one to consider  choosing only those brokers that have a minimum of 2 years experience in the Forex industry.
    • Speed of execution: The rate of execution is very necessary when choosing a good broker for trading.
    • Copy-trade: Copy-trading services are very important for new traders who have no information about the forex market today but still wish to profit from the market.

     

    To reflect on today’s market whilst we consider the important areas mentioned above during the process of choosing a broker, ATFX seems to emerge as a good fit being a modern fintech broker.

    ATFX is a globally regulated broker regulated by major financial bodies, FCA, CySec & FSC. ATFX offers more than 200 kinds of CFD products including currency pairs, indices, precious metals, stocks, crude oil, and other popular products in the financial market. The ATFX Group has established 12 offices in Europe, South America, Middle East and Asia. Recently, ATFX launched a new copy trade platform “ATFX CopyTrade” for Southeast Asia clients, that allows inexperienced traders to copy the trades of successful traders.

    ATFX Group has been awarded over 80 prestigious international awards, covering multiple areas such as online trading, trading experience, customer service, and CSR activities. ATFX will continue exploring new technologies to maintain its position as an industry leader. In addition, we will keep enhancing our clients’ trading experience and environment


    Outside of the trading room, ATFX fulfils its social responsibilities by participating in public service activities such as the coastal area cleaning and coral reef restoration campaign in the Philippines, donating protective suits and masks to hospitals in Thailand, offering essential materials for the child sponsorship programs organized by APAC, and sponsoring the Duke Edinburgh Cup for four consecutive years.

    Last Updated: 22/03/2022

    This market commentary and analysis has been prepared for ATFX by a third party for general information purposes only. Any view expressed does not constitute a personal recommendation or solicitation to buy or sell as it does not take into account your personal circumstances or objectives, and should therefore not be interpreted as financial, investment or other advice, or relied upon as such. You should therefore seek independent advice before making any investment decisions. This information has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Although we are not specifically constrained from dealing ahead of our recommendations we do not seek to take advantage of them before they are provided to our clients. We aim to establish and maintain and operate effective organisational and administrative arrangements with a view to taking all reasonable steps to prevent conflicts of interest from constituting or giving rise to a material risk of damage to the interests of our clients. The market data is derived from independent sources believed to be reliable, however we make no representation or warranty of its accuracy or completeness, and accept no responsibility for any consequence of its use by recipients. Reproduction of this information, in whole or in part, is not permitted.


     

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