11 Best Forex Broker in India 2021

They not answer your call after you deposited How about the fund I have withdrawn? The transaction took place last March 8, you said you deposited it already into my bank account but still ain't appearing in my bank statement.

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You provided a vague transaction receipt. My bank already confirmed I do not have any pending remittance. It will take a maximum of "five business days" for the bank to process such remittance. Up until, I haven't receive Dear Jaycee, Thank you for reaching out and sharing your experience with us. We deeply regret that you had trouble withdrawing your funds. Unfortunately, we couldn't identify you on our system and look into what happened since you didn't provide your trading account number.

Please send it to us directly over the live chat on our official website, and we'll be happy to investigate the issue. Please don't forget that our team is always here to help, and we're looking forward to hearing from you soon.

No one can trust this broker. Withdrawal with them is like impossible. Very bad The spreads are high, and increases exponentially when going in profit, so you end up slowly losing everything. The below is all crap, false reviews. ProfitiX Nathan 27 March, Reply. Clients can choose from over tradable instruments across a wide range of financial asset classes, including over 80 forex currency pairs , CFDs on cryptocurrencies, precious metals, and stocks.

Pepperstone has an excellent customer service and allows clients to choose from a wide range of account types. Edward Kendy and his team ranks Pepperstone as best overall forex broker for , mainly due to ultra low spreads, numerous tradable instruments, blazing fast trade execution time and wide range of trading tools. Visit Pepperstone. XM Group is one of the safest trading platforms to trade on. Opening an new trading account is very fast and easy to do. It also comes with a variety of online educational tools to help build your trading skills.

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You may be charged an inactivity fee if you do not trade for more than 3 months in a row. Visit XM. X-Trade Brokers trace their origin back to central Europe in Poland. XTB is also publicly listed on the Stock Exchange. Their xStation 5 is a multiple award winning platform and allows you access from both mobile and desktop. XTB made its way into top 3 thanks to its state of the art xStation 5 platform that is far better than Meta Trader 4 for most traders.

The dedication of the whole team behind XTB to provide high quality educational webinars is phenomenal. Visit XTB. Let us save you lot of time searching and headache! We did the research for you, you will thank us later for! Despite the regulation, there are still many crooks in this business, which can cost you lot of money! If you trade with a regulated broker, you will gain protection in terms of the safety of your money and the broker will have guidelines on the way your account is dealt with to ensure you get the best service and you can contact the regulatory to settle any disputes you may have.

For example, if you are European Union resident, then you should know that any reputable company that operates on European union market should be licensed at least by Cyprus Cysec regulatory or by the FCA UK. Although there are now many others, as regulation spreads to more areas of the world.

Another well respected regulatory body is the Australian Securities and Investment Commission asic. Always aim to choose a regulated forex broker, so for example if you live in South Africa then you definitely want to choose one of the best South African forex brokers which are regulated by an FSCA regulatory agency. Find out what kind of customer service forex broker provides.

For example, eToro provides based on our experience really high quality customer service in 24 languages, including free online forex training. In case you posses losing trading positions in your fx trading account, this protects your whole forex trading account against negative balance.

It protects you as a retail trader on a per account basis. Meaning, your account will not go into debt, which could potentially happen to many inexperienced traders. Since the forex market can become very volatile in a matter of minutes, the NBT allows you to better manage volatility without having to worry about going into debt! The fee structures differ from one forex broker to another, and even from one account type to another. There are two widely used basic setups. Of these two forex broker fee arrangements, the second one is arguably the more transparent.

The spread can be fixed or variable.

Forex Broker Spreads Comparison Tool

Fixed spreads are always constant. ECN broker may even deliver zero spreads. Variable spreads change, depending on the traded asset, volatility and available liquidity. Daily spreads may only differ slightly among brokers, but active traders or even hyper active traders are trading so frequently that small differences can mount up and need to be calculated to compare trading costs.

Some brokers focus on fixed spreads. There are indeed 1 pip fixed spread forex brokers out there too. Forex brokers with low spreads are certainly popular. Forex positions kept open overnight incur an extra fee. This fee results from the extension of the open position at the end of the day, without settling. The rollover rate results from the difference between the interest rates of the two currencies. The first of the pair is the base currency, while the second is the quote currency.

While most forex brokers offer impressive-looking selections of currency pairs, not all of them cover minors and exotics. Does the broker offer the markets or currency pairs you want to trade? If you want to trade Thai Bahts or Swedish Krone as the base currencies you will need to double check the asset lists and tradable currencies. Some will even add international exotics and currency markets on request. Such flexibility is obviously a major asset, positively impacting the overall quality of the service.

Cryptocurrency pairs are quite ubiquitous nowadays. The massive volatility associated with these products makes scalping a viable strategy for profitable trading. Some traders are in the forex game specifically to trade the crypto volatility. Such operators obviously need a forex broker that features as many crypto pairs as possible.

Not everyone trades forex on a massive scale. In fact, many forex traders are small-timers.

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Some forex micro accounts do not even have a set minimum deposit requirement. Such cheap trading options certainly make sense for those looking to dive deeper into real money trading, without risking their life savings. It is however, a cheaper introduction to a complex market similar to cfd accounts — and trading for real beats a demo account for genuine experience learning how to trade.

They provide traders with technical analysis tools, live news feeds, diverse order types, automation, advanced charting and drawing options etc. Some may include sentiment indicators or event calendars.