Putrapedia - Have you ever heard of forex trading ? Forex stands for foreign exchange which means currency exchange. Forex trading is trading currencies between different countries. If you want to become a forex trader, what you are doing is buying and selling foreign currency on the forex market, for example buying euros and selling US dollars. The purpose of forex trading is to profit from fluctuations in currency exchange rates between countries.
The participants in the forex market are banks, countries, large companies, speculators, institutions and traders. With the massive scale of this market, it is quite difficult for individual traders to enter and be able to actively participate in it.
Therefore, individual traders usually need the services of a retail brokerage company that will forward their transaction orders to the forex market.
the beginner traders usually having a hard time finding the right forex broker, so here 3 best forex brokers with low commission information for you. Please find information in the bellow :
1. FBS
If you use this broker, you can deposit a minimum of $ 1. Spreads opened from 0 Pips and Leverage up to 1: 3000. Funds deposits and withdrawals can be made through local Indonesian banks such as BCA, Mandiri, BRI, and BNI. FBS broker has also received regulations from CySEC and IFSC. Trading commission from $6 per lot
2. Exness
The minimum deposit with this broker is $ 1. Spreads from 0.1 pip and Leverage up to 1: 2000. Already received regulations from CySEC and FCA UK. Can deposit funds and withdraw via local banks in Indonesia. Trading commission from $7 per lot standart
3. XM
To open an account on trading with XM, you have to deposit at least $ 5 with a deposit bonus of $ 30. Spreads opened from 0 Pip. The leverage at this broker is up to 1: 888. Funds deposits and withdrawals can also be made through local banks such as BCA, Mandiri, BRI, CIMB Niaga, and BNI. This broker has also received regulations from CySEC, ASIC, FCA UK, and IFSC. Trading without commission.
Not only for beginner traders, find the best forex brokers is very important for profesional traders. Because good forex brokers will be pay all our profit. do not choose the wrong broker so that your money is not lost. For additional information , may be you want also read 4 forex brokers with floating low spreads information. The more information you find, the better it will be for your investment going forward