Markets.com is indeed an online Forex and CFD trading platform that is owned and managed by Safecap and runs on a CySEC license. More than 2,000 trading options are available on Markets.com, including indices, currencies, commodities CFDs, and trade stock. Additionally, it is available in over 15 other languages. The world market for exchanging foreign currencies is termed foreign exchange trading, usually known as forex trading or FX. The world’s largest market, forex, influences everything from the cost of apparel purchased from China to the price you pay for a margarita while on vacation in Mexico.
Education and Research
Excellent learning tools are available on Markets.com, including a demo account, daily webinars, and how-to videos on its YouTube channel. The website’s Knowledge Centre used to provide educational videos; however, they may now be accessible on the platform or through the Markets.com YouTube channel. The teaching material includes tutorial movies, brief videos on trading advice, and longer 60-minute videos on specialist subjects like trend signs. As per Markets.com review, excellent research tools are available, including News, Analysis, and Webinars. This broker offers regular statistics and discussion on market-related developments through its live stream, called XRay, accessed from inside the customized trading platforms. The News page is frequently updated with fresh content that discusses breaking news and how it affects assets. Traders receive this information in an organized and simple manner. You can also get some basic asset information.
Five days a week, seven days a week, and twenty languages are used for customer service. You can get in touch with them through phone, live chat, email, or an online inquiry form. For a speedy response, Traders Union advises using Markets.com’s live chat assistance since wait times are typically under a minute. The “Contact Us” option contains the email address and phone number for your region. Customer service representatives may aid with a variety of issues, including assisting traders to understand why an order was rejected and figuring out why a platform is unavailable. In addition, users can find assistance at Markets.com through a comprehensive support section and FAQ section.
Forex.com, as its name suggests, focuses on currency trading and provides a wide range of appealing services. For example, customers can choose spread, commission, or the broker’s STP Pro pricing, which uses prices from international banks and other sources without adding any markup. Additionally, traders have access to more than 80 currency pairings through Forex.com, which claims to be the top forex broker in the United States in terms of assets kept with the broker due to its popularity with clients.
- TD Ameritrade
A variety of tradeable assets are available from TD Ameritrade, and currency completes its offering. The broker’s well-known “thinkorswim” trading platform and a few mobile apps are available to currency traders. The broker offers 50:1 leverage, the maximum allowed by law in the United States, and uses spread pricing. It provides a wide range of options by offering more than 70 currency pairs, which makes it the best broker forex in the world. Customers of TD Ameritrade can also trade Bitcoin futures, but you must first obtain authorization. The broker’s futures scheme is used for pricing.
- Ally Invest
Although Ally Invest is better recognized as an inexpensive stock broker (and for its competitive rates on options trades), currency trading considerably broadens the company’s range of services. For traders just getting started, Ally is a fantastic option because it provides more than 80 currency pairs and simple-to-use charting software, including a smartphone app. Even if you don’t plan to trade, Ally lets you open a $50,000 practise account so you can learn how currency trading functions. Given how challenging forex trading can be, that is a fantastic resource for newbies.
Although it doesn’t provide traditional currency trading, Robinhood does enter the cryptocurrency market with its well-known clean, user-friendly design. Customers can trade seven types of cryptocurrencies here, including some of the most popular ones, including Bitcoin, Ethereum, Litecoin, and Dogecoin. Additionally, you can request rates for nine additional digital currencies. Trading cryptocurrencies on Robinhood is also free, much like it is on its main brokerage, which grants free trades on equities and options.