Finding the best forex trading platform for you
If you are looking to start trading foreign exchange currencies you will want to get the best online account that is right for you. Below we have outlined some of the points you need to consider when choosing an account.
- What type of account do you need? - There are a range of different types of forex account including spread betting, trading accounts and CFDs (Contracts for difference); Depending on what you are looking to do make sure you pick an account that has the right features.
- Features to look for - If you are on the go then a mobile account makes sense; if you are new to forex trading then look for a demo account feature allows you to practice trading in a non live environment. When you move into live trading a stop loss feature provides protection in limiting risks. The level of fees charged is a key factor; the fee per trade as well as monthly or periodic account fees should be compared.