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It is true that traders could be seduced easily by the benefit through bonus or any other quickly gained money. It is because of that the shortly gained benefit is not safe; it can be the way to trick you into losing even more. To know about the best forex brokers 2018 well, take all the sides of one broker to analyze as I have done below.
Account types which are best for traders
Commonly, the best account is the account with the low minimum deposit or even unlimited at all. Some big traders like FXCM and Forex.com ask for the huge amount of deposit, which does not sound reasonable for small investor. The former asks for 2000$ and the latter with 500$. By contrast Exness lets traders open the account with $1minimum deposit, or with little amount like FBS (1$) and Hotforex (5$). These little amounts of minimum deposit are more preferred by low fund traders not wanting to risk a lot.
The highest given leverage
The large brokers usually give the huge leverage rate; however, brokers from Japan or UK and US can not do it because they have fees for licenses to pay. Besides, Exness is also a large broker but they can manage to give traders the big number for leverage, with endless leverage for smaller than 1000$ and having traded five times account or with 1:2000 for bigger than 2000$ account. In addition, FBS and Hotforex are also generous about leverage. They give 1:1000 and 1:888 respectively.
Small in trading cost
Big brokers ask small payment for trading fees, which are commission and spread.
Commission are commonly free for regular accounts; however, it is charged with ECN accounts with the reason that ECN account is free for Spread and the top 5 ECN brokers need the commission for their earnings. At the time, Exness has the best bargain on commission with 2.5$ for one trading lot. About spread, Exness also holds the highest position for the lowest spread. Take the most common EUR/USD pair to compare. Exness with Hotforex is now asking 1.1 pip for spread while XM and FXTM are asking for 1.7 pip. So it is clear that that Exness and Hotforex are the lowest.
Brokers own the suitable certificates
The best reputable licenses can be mentioned here which are ASIC, CySEC, FSA, CFTC, NFA, NFA. And brokers just need one of them to prove they have enough standards and qualification about trading cost…. The truth is more than one or two licenses make brokers ask for higher fees (higher deposit, spread) but less for leverage and can not be more supporting. In addition, licenses owned by brokers should be belonged to your country not to other countries. That means if you are Asian, trade with brokers with Asian licenses. As a result, brokers need only the licenses of the countries that have trading clients on. Most reliable brokers now understand about that so most of them own at least one reliable license so you are sure to feel safe to trade with the top largest brokers.
Best helping tools in the market
Traders do need a lot of help from brokers but usually they feel inconvenient about the languages and the speed of the feedback because not all the traders can speak English well do that causes the difficulty for getting back the response quickly. And more importantly, the presence of local office is rarely for some large brokers. All these problems about supporting are fixed by Exness and other big brokers like FxPro, FBS and XM, the best brokers in Thailand. Among them, Exness is recommended as the best service with local office working 24/7, operating online chat with quick contact and also they develop the IB systems very connected to update marketing strategy, sale support….The united structures help Exness become the quickest and most excellent supporting customer service between other large brokers.
