Commexfx review for Choosing A Forex Broker!
The FX market is such a fiercely competitive market that just thinking about which broker to approach will be a tiresome task, especially if you are not sure what you are looking for
1. Commexfx review for Choosing A Forex Broker!
The FX market is such a fiercely competitive market that just thinking about which broker to
approach will be a tiresome task, especially if you are not sure what you are looking for!
Role of a Broker
In order to trade in the FX markets you need an FX broker. But what is a Broker?
A broker ( brokerage firm) is a place where buyers and sellers of different currencies, from the
FX markets, come together to buy and sell. It operates as a middle man between the trader and
the market, and it also provides the financial tools required to be able to carry out these
transactions, such as the online trading platforms.
Factors to review in helping you choosing a Broker
Regulation and licencing
A crucial point when choosing a broker, you are investing your money in this entity so it is
important that it is regulated and authorized within its financial jurisdiction.
Safety of Funds
A reputable broker should take extreme measures to ensure that client’s funds are always 100%
secure and governed by the principal of SAFETY.
Client’s accounts should be segregated and kept in different accounts to company accounts.
The broker should also guarantee it uses reputable banks for clients to deposit their funds.
Variety of Methods for Deposit and Withdrawal of Funds
A successful broker should cater for the needs of all its traders. Therefore, it should offer a
variety of fast and efficient payment methods where deposits and withdrawals are carried out at
great speed and without problems.
The methods of payment should also be safe and secure.
Tight Spreads
An attractive feature for traders as the lower the spread the more profit they can make.
Fast Execution
The faster the execution of the trade the more satisfied a trader is, as he is obtains the price he
wants, as well as seeing the market depth of the price itself. There is an element of transparency
with the absence of a Dealing Desk.
Variety of Accounts
A good broker will offer its traders a variety of accounts, with different contract size, lots traded,
different leverage and different stop levels and margin calls.
2. Online Trading Software
Since online forex trading takes place on trading platforms, make sure the broker you choose
offers the latest trading platform, which must be user-friendly and reliable, as well as fats and
efficient.
The platform should offer easy-to-use technical and charting tools, educational tools, financial
instruments to use and should be available in different languages.
Excellent Customer Service
The importance of a good customer service remains undisputed. A client needs to have
confidence that his problems and queries will be solved at all times, facilitating his trading
activity.
All in all, the more experienced you become in FX trading and the industry itself, the easier the
selection task for an FX broker!
Why CommexFX?
CommexFX is dedicated to exceed in excellence, providing our valued clients with a fully
regulated transparent bespoke brokerage service, some of the most competitive spreads in the
industry, and first-class professional multilingual support around the clock, five days a week.
At CommexFX you can expect
Genuine STP/ECN model-No Dealing Desk Intervention
Choice of trading platforms: MT4, Myfxbook AutoTrade, Mobile Platforms
Accurate and fast execution with No re-quotes
Trade forex with spreads as low as 0.4 pips
Open a trading account with as low as $200
Choose your own leverage up to 1:400
Security and segregation of clients’ funds
Fast and easy deposits and withdrawals
Hedging, scalping and Expert Advisor friendly