The foreign exchange market is one of the most lucrative markets in the world. As such, forex brokers have seen a lot of success and growth over recent years. This blog post will discuss three of the best forex brokers to help you make an informed decision when choosing where to invest your money.
OANDA is one of the most popular forex brokers in Canada. It was founded by Michael Stumm back in 1996, focusing on providing its clients with tools, data, and resources to develop their trading strategies. The Forex market has grown tremendously since then; therefore, it’s no surprise that OANDA has also seen tremendous growth.
It is important to note that OANDA doesn’t allow clients under the age of 18, so if you are a minor, forex trading may not be for you. Furthermore, it is mandatory to have at least $1000 in your account before trading on their platform. OANDA offers its clients a variety of tools and resources that can help them develop their strategies.
RoboForex is an international broker that has been in operation for over a decade. Svetlana Marisova founded it to provide quality service to its clients while offering access to automated trading strategies, which it’s most well-known for. A RoboForex review provides several benefits, including forex signals and educational resources to help its users be successful in the Forex market.
RoboForex has a minimum deposit requirement of only $200, making it an ideal choice for novice traders looking to get started with trading without much money invested into their accounts. However, remember that RoboForex doesn’t provide its clients with direct access to the Forex market, meaning that you must execute trades through a third party.
The minimum age requirement for trading on RoboForex is 18 years old, and it does not offer binary options or CFDs.
- Global Prime
Global Prime is a Forex broker that has been in operation since 2008. It was founded by Boris Mikov, who wanted to provide its clients with tools and resources to be successful traders. Global Prime focuses on delivering quality customer service, offering customers access to several educational materials, including the “Forex Signal” app.
In conclusion, if you are looking for a trusted forex broker, these three may be worth considering. They have been in operation for several years, and they all offer their clients access to resources that can help them become successful traders.