the best forex companies are among the addresses that many forex lovers and traders are looking for. The foreign exchange process, or what is known as forex , is considered by many to be a risk of money, but at the same time it is a profitable risk in many cases.
In fact, the acceleration of technology in all fields in our time has made the process of trading outside or within the country an easy process.
But until you put your money in good hands; You must search well for those who safeguard this money, and keep it always profitable or even making the least loss.
This principle can only be achieved with a reputable financial intermediary, but it is not enough that the broker's reputation is good.
There are many criteria that you must bear in mind so that you can place your money with a financial broker or a trading company that we can say is one of the best forex companies.
These criteria were mentioned in a previous article, but we will summarize them again at the end of the article, which we will start by mentioning the best and most famous forex companies so that our article will be a guide for you, dear reader, when you intend to penetrate the world of forex.
Top 5 Forex Companies Ever
This company was established in 2009, it is one of the best forex companies with a long history in the field of forex, and the company deals with more than 2.5 million clients in the field of forex trading, and contains more than one financial expert and employee in the field of trading.
XM Company Features
1. The company is licensed by more than one licensing authority, including:
UK Financial Supervisory Authority FCA
Cyprus Stock and Securities Commission CySEC
Australian Securities and Investments Commission ASIC
2. The company supports more than one method of withdrawal and deposit.
3. The minimum amount allowed by the company to trade is only $5.
4. Maximum leverage 1:500
5. The account currencies that the company accepts for trading are:
USD
GBP
EUR
JPY
Australian dollar AUD
South African Rand ZAR
RUB
HUF . Hungarian Forint
Polish Zloty PLN
Singapore dollar SGD
Swiss Franc CHF
6. The Company accepts the transfer of funds through bank transfer, credit card transfer or through:
Debit Card
Online Bank Neteller
Skrill Online Bank
As for the company's defects, no harmful defects have been recorded so far about the company, as it has a long experience in the market, and gives very fruitful trading opportunities, and many forex traders agreed on it.
So we preferred you to be on our list of the best forex companies.
2. Exness Company
This company was established in 2008 by a group of experts in the field of money and currency trading, and began to expand until it became one of the most important global companies in the field of forex.
It can be ranked among the best forex companies, whose monthly trading volume in 2014 amounted to 180 billion US dollars. It is also the official sponsor of the Real Madrid football team, and one of the official sponsors of the most famous football player, Cristiano Ronaldo.
Exness Company Features
1. The company has obtained more than one license from more than one supervisory authority. It is licensed by:
The Financial Services Supervisory Authority (FSA) of Cyprus.
CySEC Cyprus Securities and Exchange Commission in Cyprus.
The FCA in Britain.
2. The company provides a special education section that provides information on forex through analyzes and electronic seminars.
3. The company provides a support team through various social media platforms.
4. You can start the trading process with only one dollar as the minimum amount to trade.
5. There are no fees for withdrawing or depositing with the company.
6. Maximum leverage 1:2000
7. Account currencies accepted by the Company for trading are:
USD
GBP
EUR
JPY
Australian dollar AUD
New Zealand Dollar NZD
Singapore dollar SGD
Hong Kong dollar HKD
Swiss Franc CHF
8. The Company accepts the transfer of funds through bank transfer, credit card transfer or through:
Debit Card
Online Bank Neteller
Webmoney Bank
Skrill Online Bank
Exness Disadvantages
Its work does not cover the countries of the world, as there are some countries that it is forbidden to deal with, but it is available in many Arab countries.
Some saw the low quality of the educational material offered through the company's website.
The website is not as detailed in its information as the websites of other forex companies.
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3. IC Market Company
IC Markets was founded in Sydney, Australia in 2007. Its main objective was to make up for the huge difference and gap that has occurred between individual traders and institutions.
The company's main mission is to create a fair financial environment that guarantees the rights of traders, whether individuals or institutions and large companies.
Features of IC Market
1. The company is authorized by the Australian regulator known as ASIC.
2. The company is based on achieving a set of values, the most important of which are integrity, credibility, justice, commitment, responsibility, and always striving for continuous innovation.
3. The company provides methods of deposit and withdrawal without additional fees, except for withdrawing an international bank transfer that costs 20 Australian dollars for all Arab countries, including the UAE, Egypt, Kuwait and Saudi Arabia, and the same applies to deposits.
4. You can start it with only $200 as a starter transaction.
5. The company clarifies its legal documents, which clarify many legal matters such as dispute resolution, anti-money laundering, data privacy, and other documents of interest to the customer to see.
6. The company provides educational lessons on its website, which helps many, especially beginners.
7. The company provides through its website a wide range of trading tools.
8. The company supports platforms for Android and iOS systems.
9. Maximum leverage 1:500
10. The account currencies accepted by the Company for trading are:
USD
GBP
EUR
JPY
Australian dollar AUD
New Zealand Dollar NZD
Singapore dollar SGD
Hong Kong dollar HKD
Swiss Franc CHF
11. The Company accepts the transfer of funds through bank transfer, credit card transfer or through:
Debit Card
Payment by check or what is known as Money Order
PayPal Electronic Bank .
Western Union money transfer company
Online Bank Neteller
Union Pay money services company
Skrill Online Bank
This company has not registered a complaint against it or detected any defects, so it was ranked among the best forex companies to invest through it as a broker.
We can say that it is suitable for both beginners and professionals, as it contains educational materials that everyone can view through its website.
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4. Tickmill Company
The company was established in 2015, and has obtained a license to operate from the Financial Services Authority of the Seychelles FSA, and is licensed by the British regulator FCA.
Features of Tickmill Company
1. The company is licensed by two regulatory authorities.
2. The company has a minimum time to execute trades which is 0.20 seconds, on average.
3. The company provides the process of trading with all available strategies such as advisors, hedging and scalping.
4. A support team is available in more than one language to communicate with traders around the world.
5. The company provides, through its website, educational groups that vary between educational books, videos, seminars and recorded conferences.
6. The trading process can be monitored through the website or the smartphone.
7. It allows many ways to deposit or withdraw, such as bank transfer, credit card, and others.
8. The minimum transaction amount is $100.
9. Maximum leverage 1:500
10. The account currencies accepted by the Company for trading are:
USD
GBP
EUR
Polish Zloty PLN
11. The Company accepts the transfer of funds through bank transfer, credit card transfer or through:
Debit Card
Online Bank Neteller
Union Pay money services company
Skrill Online Bank
Disadvantages of Tickmill
They are considered minor defects, i.e. they do not have a strong damage, but we must mention them so that the reader who trades in the forex field has a comprehensive idea about the company.
The company is new to the forex industry, and this may worry some traders.
The offers it offers to investors are limited compared to other companies.
There are some technical issues that some investors have encountered, but we expect them to be resolved in the near future.
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5. FXDD Company
The company was established in 2002 in the United States of America, specifically in the state of New York. It is headquartered in the world's largest known financial city, New York.
The headquarters of the company is located inside the World Trade Building. In 2008, the company obtained the approval or license of the regulatory authorities in the United States of America, which made it a high position among the best forex companies in the world.
The company was able to expand to the European Union in 2010, and continued to spread around the world.
Advantages of FXDD
1. The company is licensed by the British regulator FCA.
2. A license has been issued by the Maltese Investment Services Authority (MFSA) in the category of investment services.
3. The company's transactions are carried out with the largest American and international banks, which have won the confidence of the largest number of depositors and investors.
4. The company has multiple contacts, whether with phone numbers available in all countries, or through various social networking pages.
5. The Company provides educational materials on its website.
6. It provides a trading opportunity for beginners by making the minimum amount of the account $100 only.
7. The company owns many trading platforms of its own, such as MiroTrader, MetaTrader 4, and MetaTrader 5.
8. Maximum leverage 1:500
9. Account currencies accepted by the company for trading:
USD
GBP
EUR
JPY
10. The Company accepts the transfer of funds through bank transfer, credit card transfer or through:
Debit Card
Payment by check or what is known as Money Order.
Online Bank Neteller
Skrill Online Bank
Disadvantages of FXDD
The company is only licensed by one or two regulators, and this may worry some.
There is not much range to deal with more than one foreign currency in circulation, it is limited to the US dollar, Japanese yen and British pound.
Although its site contains educational materials, but compared to the sites of other companies, we find it limited.
Read also: How to make money from the Internet for beginners with practical steps
Very important criteria for choosing the best forex company
First standards for forex companies
Let us summarize for you, dear reader, the most important criteria that must be taken into account when choosing a company from the list of the best forex companies.
If you have never dealt with a forex company, or any company has not been recommended to you by someone whose opinion you trust about trading and the forex process, then don't worry.
It seems difficult to choose a forex company, especially if this is your first experience, but with good research you will reach a respectable company that has sold in the money market, and has many advantages.
Participating from us in this research will provide you with the criteria that you should look for within any company in order to succeed in reaching the best forex companies, and start entering the world of forex investment and forex trading.
These criteria were presented in a previous article, but we will summarize the most important of them in 4 points as follows:
1. License
Of course, any party where you put your money in general should look for its license and legal dealings, as this is the biggest guarantee of your financial rights and so that you are not exposed to any kind of fraud.
It is possible to know whether the company you deal with has a license or not, by addressing the responsible supervisory authorities in the country to which the company belongs, or even asking the company itself for papers proving its legal status or a direct license from the supervisory authority for this company to operate.
2. 24 hours good technical support
The presence of a dedicated technical support team for the company throughout the day guarantees you the ease of solving any problem, and communicating with the company in an easy way when making any decision to buy or sell.
You can confirm this by searching for the company's presence on the Internet through its own site that contains many contacts, and do not rely on only one contact so that communication with them is easy.
3. Fast Execution of Transactions
Meaning that the company has experience in seizing opportunities, and knows very well when it can implement the deal and when it can reverse it and not implement it.
This criterion can be known in two ways, either to start with the company with a small amount to trade with, or to ask about it from those who dealt with it before, and this has become easy in the presence of social media.
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4. No clearing house
We mean here that you have the right to make the decision easily without interference from anyone, and that he has the right to make the decision instead of going back to you.
Automated decision-making control is an important feature of the company in order to become one of the best forex companies.
Read also: Your guide to choosing the best trading company on the right basis
Second: your own criteria when choosing among the best forex companies
Now that you know the most important criteria that help you choose the best forex company to deal with, you should know that there are other criteria for you as a forex trader that you must specify before you start choosing the right forex company for you.
These criteria that belong to you guarantee you a large percentage that the company you have chosen is one of the best forex companies that is suitable for you specifically and suitable for your circumstances as an investor.
In order to easily identify these criteria, ask yourself the following questions:
1. What is your level of forex knowledge, are you a beginner, intermediate level or a professional?
Answering this question will help you choose a company that can handle your level. If you are a beginner, you should deal with companies that offer various educational tools that help introduce the forex market, and when you look at these means, you must make sure that they are from a reliable source.
If your level is intermediate or professional, this feature does not interest you as much, but you can benefit from it in increasing your knowledge of the forex markets and what is new in it.
2. What is the volume of your transactions in the forex market?
The answer to this question will determine for you the companies that accept the volume of your dealings. There are those who are afraid to risk everything they own, and there are those who want to take a risk.
Forex companies differ among themselves in the point of trading volume, and through this point you can determine the best forex companies in terms of trading volume that they accept, and therefore you can accept dealing with you without any difficulty.
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3. What is your daily activity level
Meaning, are you constantly mobile, or is there a time when you are always in a certain area?
The answer to this question is very important to determine honestly. If you are always out of the house and always on the move because of your work conditions or even your personal circumstances, or this is the nature of your day to be constantly out, you should choose a forex company that has its own online platform.
It is preferable that they have an application that you can download on your smartphone, as it is the only one that will accompany you wherever you are.
Of course, these three questions are the main criteria that make it easier for you to choose the best forex companies, so that you do not fall into bad experiences that may cost you a lot of time and effort, as well as financial loss.
And here we have finished our article today about the best forex companies, and how to choose the best ones for you, which we hope will be useful to all of our valued Seo7u who view it.
