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Forex trading is the same as any other business where it takes discipline to succeed. The field in Forex Trading includes following the trading plan prepared and dealing with any situation that arises after it. The profession requires planning and regular practice to make it a habit. The process repeats until the expected results appear. That’s the discipline that is printed from forex trading.
People generally do not think that economic, social, and political news is essential unless it directly interferes with their lives. However, forex trading will lead you to the knowledge that the world does not revolve around us but is much broader than that.
You will mainly obtain this understanding if you study fundamental analysis. You will know that the government always has a reason for every policy. Even things that you think are detrimental can be determined because there is a more extensive interest. Regardless of whether or not you agree with these policies, forex trading will open your eyes to previously overlooked realities. Also, you will be able to see other countries through a different lens.
In this modern era, you have to know about Forex VPS (Virtual Private Server). This is called “virtual” because the server can create different sessions for different users who can run other operating systems and processes on the same server. All of these users logging into the same physical server share hardware resources. So, a VPS is a virtual copy of a dedicated server hosted in a secure environment only by app on your smartphone, such as:
Gainscope
First, there is Gainscope which was established in 2002 and is based in Singapore. This forex broker supports MetaTrader4, Android MT4, and Mobile trading platforms and has many languages.
Gainscope is not recommended for beginners who want to learn to trade because making an initial deposit requires a minimum of $250. The amount is quite decent, and you should open a demo account.
Features of the world’s best forex broker, Gainscope:
- Lots starting from 0.01 lots
- Regulated by CFTC, NFA, MFSA
- Spreads from 0 pips
- Mobile and tablet trading
- Accepting USA traders
- Credit/debit card deposit methods, wire transfer, and PayPal.
OctaFX
OctaFX has been around since 2011 and is based in Saint Vincent and the Grenadines. OctaFX supports various platforms ranging from MetaTrader4, android mt4, and mobile. You can also open a demo account to learn to trade. But if you feel proficient and want to open a real account, you must prepare a minimum deposit of $5.
OctaFX 2020 best trading app features:
- Smallest lot 0.01 lot
- Regulated at IFSA, 19776 IBC 2011
- 50 deposit bonus
- Floating spreads from 0 pips
- Deposit methods use local banks, wire accounts, Moneybookers, perfect money, visa/MasterCard,phasepay, cashU, and internal transfers.
- Translation with any languages like Portuguese, Espanol, Pakistan, Vietnam, English, Thai, German, and India.
Financial Broker Success (FBS)
Financial Broker Success (FBS) is also a trusted and best forex broker today. Many traders from all over the world have used it because it comes in more than five languages.
Features of the best forex brokers 2020 Financial Broker Success:
- Smallest lot 0.01 lot
- Minimum deposit $1
- Regulated by crfin, Cysec, IFSC
- Free demo account
- 100 deposit bonus
- From 0 pips
- Supports trading via smartphones and tablets
- Deposit methods can be through wire accounts, local banks, credit/debit cards, and many more.
XM
The next best forex broker in the world is XM which has its head office in Cyprus. This XM broker is a subsidiary under the auspices of Trading Point Holding Ltd. The company is a financial investment service provider based in Cyprus.
XM Broker was officially established in 2009 and is also trusted by many traders worldwide. This broker has a Metatrader trading platform. Not only that, this 2020 best trading application also supports mobile and tablet platforms.
Features of the world’s best forex brokers 2020:
- Smallest lot 0.01 lot
- Minimum deposit $5
- Free demo account
- 15% promo bonus
- Regulated by FCA UK, CySEC, BaFin, ASIC
- Spreads from 1 pip
- Deposit methods range from Western Union, wire transfer, WebMoney, Fasapay, credit/debit cards, and many more.
HotForex
HotForex is a broker based in the Caribbean and is one of the largest brokers in the world in terms of daily volume. This broker provides various platforms ranging from web, mobile, and also Mac with the MT4 program. HotForex is known for its security system of client funds which has won them several awards.
HotForex world’s best forex broker features:
- Regulated by CySEC, FSC (not available for US customers)
- Type: STP
- Minimum deposit: $5
- Leverage up to 1000:1
- Country: St. Vincent & the Grenadines
- Supporting Instruments: Commodities, Stocks, CFDs, Indexes.
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