Starting to jump into a forex broker business is not an easy thing to do. Do not get fooled by the successful revenue made by others as they have been in the business for a long time and they know the dos and don’ts in the forex broker world. There are some elements that you need to be aware of when picking your first broker. To ease your mind, it is similar lie picking a stock. You need to first know your investing method and style, and the important part, your goal which apart from making bucks out of it of course.
To start they are two types of brokers. Broker-resellers, who function as intermediates between the client and a larger broker, and regular brokers who deal directly with their clients. A broker operates as a go-between between an investor and a securities exchange, which is a marketplace for buying and selling financial assets. Brokers perform that service and are reimbursed in one of three ways: commissions, fees, or compensation from the exchange. Many brokers call themselves “financial advisors” or “financial representatives,” but they actually do a lot more than that. Brokers may assist investors with research, investment planning and suggestions, and market knowledge in addition to executing client orders.
Forex broker in South East Asia is a no stranger to the forex broker world as they are so many forex broker market in Vietnam. There a couple of them that are really convincing.
To start, Orbex is the Cyprus Securities and Exchange Commission (CySEC), the Financial Conduct Authority (FCA), and the Mauritius Financial Services Commission are all in charge of overseeing it (FSC) ad it was build in 2010. 4 different types of trading accounts are available, each account has its own set of minimum deposits, commissions, and services. Orbex also provides swap-free Islamic trading accounts and demo accounts. Fixed, Starter, Premium, and Ultimate are the four options.
Through their service, you will have regulated in CySEC and FSC, not to mention the effective education, trading and research tools, Islamic swap-free accounts, and suitable accounts for both beginners and advanced users. Bear in mind that Orbex does not have stocks and MetaTrader5.
Below Orbex is XM who started in 2009. This company has the Cyprus Securities and Exchange Commission (CySEC), the Australian Securities and Investments Commission (ASIC) overseeing it. Not to mention the International Financial Services Commission of Belize (IFSC). Available in all types of platforms, on the globally-recognized trading platforms MetaTrader 4 and MetaTrader 5, the firm offers over 1,000+ traded assets spanning Forex, Stocks, Commodities, Indices, Metals, and Energies. The broker also offers 10 variety of accounts, all with different benefits and features, align to their other features that have a great research and education area that includes up-to-date articles, webinars, videos, platform tutorials, and access to daily interactive live trading rooms, making it suited for both beginners and advanced traders. With XM you will get zero commission, daily interactive live trading rooms, over 1000 tradeable assets like Forex, Stocks, Indices, Commodities, Metals, and Energies, and high regulation coming from ASIC and CySEC.