Taking risks is what investors do. However, going through the news about brokers’ platforms helps to select appropriate brokers.
In past years there were a few trading companies that traded in the foreign exchange market. However, today things have evolved a lot. Now there are various platforms available for foreign exchange trading. Experienced brokers are available online. Investors can perform day trading or swing trading as well. However, one must choose a broker platform wisely.
We have created a list of the best forex brokers for day trading with the latest news about these platforms.
For more information click forex broker day trading
Table of Contents
Interactive brokers have been announced as the best brokers based on low fee, great research tools, and their wide range of products. The award has been presented by the online website Broker Chooser.
Interactive brokers is considered a perfect choice among traders due to the analytical tools it offers. These tools help you to make accurate decisions. The range of no-commission options available is an attraction for traders. Moreover, resources for educating traders are also available to provide them with more information. It helps in enhancing knowledge about the market.
The company provides two accounts namely IBKR pro and IBKR lite. For limited budget traders, the lite account is better while for frequent traders pro is appropriate. The difference between accounts is that the pro account charges a monthly fee.
In addition to its services, interactive brokers provide a telephone number that works 24 hours a. Moreover, chat services are also available. You can email your queries to them as an alternative too.
Compareforexbrokers.com a website that announces the best forex brokers has presented Pepper stone with Forex Broker Award 2022. It has been awarded the Best MT4 Forex Broker. The company has won various awards in the past years as well.
Pepperstone provides expert advisors as well as social trading for its customers to learn skills of trading and grow their wealth. The minimum deposit requirement is $200 with instant order execution. Moreover, it only provides MT4.
It provides two types of accounts namely Razor and Standard with no withdrawal commission on both. Moreover, it provides affiliate programs for traders as well.
For further information click forex broker day trading pepperstone
An award-winning broker company HYCM has won another award. HYCM has been nominated for Best Broker Award 2022 in the Middle East. Broker Tested a well-known leading industry review site for forex and CFDs have presented the company with the best brokers Award. HYCM has won the year 2022 award based on years of experience and best reviews.
HYCM was established in 1977 and it is the oldest forex company in the forex market. It had a focus on local accounts for trading. But later it started digital trading as well. It also has a social trading feature that is helpful for beginners who can follow the pattern of expert traders and gain skills.
HYCM provides three account types namely fixed, classic and raw. The first two account types do not charge any commission. The minimum deposit for these two accounts is $100 while for the raw account $200 is required.
The commission for small traders is higher. However, to help their customers with day trading there is a wide range of features provided. It helps traders to make efficient and accurate decisions and earn profits.
It has been recently announced that Admirals have won the broker of the year award in 2022. Broker Wahl held the elections for the 22nd broker of the year award. With the participation of 81000 online traders, the Admiral markets has been elected for the award.
Admiral Markets is a trusted broker as it is regulated by authorities including CySEC Cyprus, FCA UK, ASIC Australia, IIROC Canada, and EFSA Estonia
The minimum deposit requirement is $100 thus you can start with low risk. It also provides two tire-one-regulators which enhances its trustworthiness.
Traders can select from 47 pairs for forex trading. The average spread between USD and EU is 0.6. Moreover, there are various features for customers provided by admiral markets. It enables customers to get access to MetaTrader Supreme by a trader profile. The Supreme edition provides 12 expert advisors who help in day trading.