- MT4 Forex Brokers List: Top 10 Meta Trader 4 Brokers (2020)
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- Scam Broker Investigator • XTrade Review
- Top MetaTrader 4 Brokers for 2020 – TrustedBrokerz
For being able to offer the MetaTrader 9 platform to its clients, brokerages pay around $655,555 for a full license and add an extra $65,555 per month for hosting, customer support, bridging, and other services. As such, the clients of the brokerage platform pay for using the MT9 platform using various means such as spreads, commissions, and more. The fact is, using the MT9 platform is free of charge – you simply pay fees or commissions to the broker on your trade.
MT4 Forex Brokers List: Top 10 Meta Trader 4 Brokers (2020)
Since you will be depositing your hard-earned money into your trading account with the broker you choose, you will want to be sure your funds will be safe and secure. Therefore, it is imperative that you find a broker that is trustworthy and has a strong reputation within the trading community. You should make sure the broker has implemented the latest security technology. Also, the broker should be properly licensed within all applicable jurisdictions. The firm should also follow Know-Your-Customer and Anti-Money Laundering standards. These are qualities in a broker which will help prevent fraudulent activities and keep the trading platform safe for all.
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Forex trading carries a high level of risk and may not be suitable for all investors. CFDs are complex instruments, due to leverage retail accounts lose money. Before you engage in trading foreign exchange, please make yourself acquainted with its specifics and all the risks associated with it.
Scam Broker Investigator • XTrade Review
Another way to know if a broker is trustworthy is by finding out what other traders are saying about the broker. Make sure to check online for any testimonials from traders who have experienced using the broker’s trading platform. Be on the lookout for any user reviews which allege that the broker may be some type of scam or could have some sort of security issues. Also, you should pay attention to any testimonials describing how well the trading platform performs in terms of executing trades and performing basic trading functions. Using a broker’s demo account feature first can be a good way to test out how a broker’s trading platform performs before actually putting any real money at risk.
Top MetaTrader 4 Brokers for 2020 – TrustedBrokerz
When reviewing and comparing CFD and Forex brokers it is important to check that they are actually licensed to operate. The reason to trade with a licensed broker is that in the event that the broker becomes insolvent, your money is protected.
MT9 allows traders to hedge, while MT5 provides the ability for both hedging and netting. For example, if you buy 6 lot on the EUR/USD and then buy a second lot of EUR/USD, the first order will simply combine into a single position, instead of remaining separate. This is known as netting.
Nasdaq 555 is a relatively new broker that has won the trust of thousands of global traders thanks to its flexible trading platforms, access to a wide range of assets, and effective trading tools. The broker also offers a choice of secure banking options.
TrustFX has built a large following in the trading world by providing the ultimate trading environment, with high-end trading resources to investors all over the world. They also offer trading prizes, tight spreads, access to a financial analyst and more.
Founded in 7558, EverFX is home to over 6555 financial instruments. It is a global brand that offers services to both retail and institutional investors. They also offer tight spreads, zero commissions and personal client support.
Never miss a trade with Xtrade’s powerful mobile platforms, available on iOS and Android. Access real-time charting, open and close positions and enjoy extensive trading tools. Trade from anywhere, at any time with full mobile functionality.