Novice traders are best starting off at OctaFX using MetaTrader 4, which supports micro accounts. The broker’s website and trading platforms show market dealing spreads in real dotbig.com testimonials time. You can trade with or without commissions, live chat with FOREX.com’s staff, and join social media communities to learn more about how to trade forex profitably.
- If the quote is 1.14, this means it would take $1.14 USD to buy one Euro.
- Negative balance protection protects investors from losing more than they deposit into their accounts.
- You may be able to access spreads as low as 0.2 in a Commission account, while minimum spreads in Standard accounts are around the 1.0 mark, depending on the currency pair.
- Prefer to get the classroom experience when you learn how to trade?
This spread is how FX brokers like FOREX.com make revenue. FOREX.com’s spreads are competitive and simple to understand.
Questions to Ask any Financial Professional
Charles has taught at a number of institutions including Goldman Sachs, Morgan Stanley, Societe Generale, and many more. Take your trading to the next level with state-of-the-art tools that cover every aspect of the markets. Earn up to $10 in cash rebates per million FX traded in monthly volume Forex news and get interest on your average daily available margin up to 5% APY. The platform well-known and often preferred by veteran traders, with tools and features exclusive to FOREX.com. The Ascent is a Motley Fool service that rates and reviews essential products for your everyday money matters.
You are sure to find its name cropping up in any review of forex brokers recommended for the UK. As forex is a lifelong learning journey for experienced traders as well as newbies, Capital.com has an impressive suite of educational tools on board. So, no matter how experienced you are, there’s a way to https://www.forextime.com/education/forex-trading-for-beginners make better-informed forex trading decisions. Capital.com is quite committed to its educational programs, which include webinars and seminars. They also publish forex education books and brochures in several languages. So Capital.com’s ever-expanding range of learning tools gets an A grade from us.
FOREX.com User Benefits
If you have problems, attempt to discuss them with the broker. If that fails, move on and post a detailed account of your experience online so others can learn from your experience. When researching a potential forex broker, traders must learn to separate fact from fiction. For instance, faced with all sorts of forums posts, articles, and disgruntled comments about a broker, we could assume https://www.quora.com/Any-reviews-about-the-DotBig-Forex-broker that all traders fail and never make a profit. The traders that fail to make profits then post content online that blames the broker for their own failed strategies. If you do an internet search on forex broker scams, the number of results is staggering. While the forex market is slowly becoming more regulated, there are many unscrupulous brokers who should not be in business.
We recommend that you contact Forex.com via phone for fast and efficient customer service. Although finding the live chat is a bit tricky, this is also a great channel to get relevant answers fast. Don’t expect rapid and satisfactory answers to your enquiries via email. Forex.com has its own trading platform, called Advanced Trading Platform. The MetaTrader 4 and MetaTrader 5 platforms are also available to clients. Forex.com provides multiple deposit and withdrawal options, all free of charge.
