What Is A Forex Broker?

0
409
forex broker

What is a forex broker?

The forex broker is the intermediate between the trader and assets. Always choose a reliable broker in the trading. Capixal, ROinvesting, ETFinance, IGM FX and TradedWell is the best broker in the market. 

What is the best forex broker in Thailand? 

Capixal 

Capixal is the latest broker in the market, and it was founded in 2021. The brokerage giant is authorised and approved by the Cyprus Securities and Exchange Commission (CySEC). It is the operating name of IFC Investments Cyprus Ltd. The broker offers 350+ CFDs instruments on various assets like forex, cryptocurrency, commodity, metals and indices. The company generally provides three types of trading account: silver, gold, and platinum and Islamic account on the demand of special traders.

What are the attributes and qualities of the Capixal broker?

  • The leverage of the broker is 1:500 for the professional traders and 1:30 for the retail traders.
  • The brokerage portal doesn’t charge the commission on deposits.
  • The trader can trade on 350+ CFD assets in the market.
  • The trader has the facility of multilingual support.
  • The available currency pairs of the Capixal broker are EUR/USD, GBP/USD, USD/JPY, AUD/USD, USD/CHF, USD/CAD, NZD/USD, EUR/GBP, and more. 
  • The broker provides free education to the trader regarding the market. 
  • The spread is fluctuating.
  • The broker offers a swap discount of 50%. 
  • It allows hedging
  • Webinars and videos are available for the traders of this platform.

Spread of silver account

  • Gold 300
  • Crude Oil 250
  • Dax 600
  • EUR/USD 30
  • GBP/USD 35
  • USD/JPY 35

Spread of the gold account 

  • Gold 250
  • Crude Oil 200
  • Dax 550
  • EUR/USD 25
  • GBP/USD 30
  • USD/JPY 30

Spread of platinum account

  • Gold 200
  • Crude Oil 150
  • Dax 500
  • EUR/USD 20
  • GBP/USD 25
  • USD/JPY 25

ROinvesting 

It is the representative name of Royal Forex Ltd, and it was founded in 2015. ROinvesting is the best broker in Thailand. The brokerage giant is registered and sanctioned by the Cyprus Securities and Exchange Commission (CySEC) under the license number of 269/15, and the company registration number is 336694. The broker provides the updated software in which the trader doesn’t face any problem related to the trading. The brokerage company offers commission-free trading to all the traders. The account opening process of ROinvesting broker is very simple with just a few clicks. The trader account will be open.  

What are the attributes and qualities of the ROinvesting broker?

  • The spread starts from 18 points in the platinum account.
  • There is no limit on deposit of the money into the account.
  • The broker offers the maximum leverage is 1:500 to the professional clients and 1:30 to the retail clients. 
  • The swap discount is 50% in the platinum account. 
  • The account currency is USD, GBP, EUR. 
  • The execution model of the platinum account is MT4NDD, MT4NCC, MT4 Fixed, MT4 Cent.
  • The customer service is available for the traders, which helps a lot. 
  • The broker’s head office is at City home 81, 3rd floor, 128-130 Limassol Avenue, 2015 Strovolos, Nicosia. 
  • The broker offers the fifth decimal for better execution and liquidity.
  • The auto trading option is also available on the platform of trading. 

Spread of silver account

  • EUR / USD 28
  • GBP / USD 28
  • USD / JPY 28
  • AUD / USD 28
  • USD / CHF 28

Spread of the gold account 

  • EUR / USD 20
  • GBP / USD 20
  • USD / JPY 20
  • AUD / USD 20
  • USD / CHF 20

Spread of platinum account 

  • EUR / USD 18
  • GBP / USD 18
  • USD / JPY 18
  • AUD / USD 18
  • USD / CHF 18

ETFinance

ETFinance services are the best in the market, and it is the brand name of Magnum FX Cyprus. The broker is regulated by the Cyprus Securities and Exchange Commission (CySEC). The broker has an impressive education library for the trader in which finance articles, VOD, course, tutorials and ebooks. The payment option of the ETFinance is via, Currencies, Commodities, Stocks, Crypto, Futures etc. Platforms offered by the brokerage company can be used on any device like tablets, desktops, mobile phones, etc. The license number of the ETFinance is 359/18, and the registration number is 360548.

If you are an owner of a brokerage company or going to start one, you will probably need the best Forex CRM Solutions. We supply brokers with all core Forex Solutions which help brokerages start or improve their business.

What are the attributes and qualities of the ETFinance broker?

  • The trader can trade up to 750+ CFDs assets.
  • The customer support service 24/5 is available by the broker from Monday 3:00 is to Friday 17:00 GMT. 
  • The minimum spread is 0.03.
  • Completely commission-free trading is available for traders.
  • There is no charge for depositing the money into the account. 
  • The maximum leverage is 1:400 offered by the broker for the professional traders. 
  • A live chat option is also available on this platform. 
  • The brokerage company offered a demo account to the traders. 
  • The ETFinance is an awarded platform in the market. 
  • The head office of the broker is at 1 Agias Fylaxeos Street, 3025 Limassol.
  • $250 is the initial money that is required at the time of account opening. 

Spread of silver account

  • Gold 0.59
  • Crude oil 0.07
  • Dax 2.20
  • EUR/USD 2.20
  • GBP/USD 2.8
  • USD/JPY 2.3

Spread of the gold account 

  • Gold 0.48
  • Crude oil 0.05
  • Dax 1.5
  • EUR/USD 1.3
  • GBP/USD 2
  • USD/JPY 1.5

Spread of platinum account 

  • Gold 0.37
  • Crude oil 0.03
  • Dax 1
  • EUR/USD 0.7
  • GBP/USD 1.3
  • USD/JPY 0.8

IGMFX

IGMFX is a legit broker in the market under license number 309/16. The brokerage company is authorised and regulated by the Cyprus Securities and Exchange Commission (CySEC). 

The company offers three types of trading accounts in the market, such as silver, gold, and platinum. The broker has lots of features like scalping, automatic trading, one-click trading, live economic event data, different trading signals, etc. The webinars are the most important thing in the IGMFX broker; it helps a lot to traders; that’s why it is the best broker in Thailand.

What are the attributes and qualities of the IGMFX broker?

  • The broker provides a dedicated account manager for trading. It manages everything on traders’ behalf. 
  • The leverage of 1:400 is the maximum the brokerage company offers to professional clients. 
  • In the company, the margin call is 100% for the traders. 
  • The trader has the option of stop-loss 50% 
  • The brokerage company uses the Metatrader 4 platform for trading. 
  • The trading signal is offered by the broker, such as SMS from MTE.
  • Hedging: it is allowed in the platinum account. 
  • The VOD, articles, tutorials, courses and ebooks are available for traders of this platform. 

Spread of silver account

  • EUR/USD 3
  • GBP/USD 3
  • USD/JPY 3
  • Crude oil $0.13

Spread of the gold account 

  • EUR/USD 2.5
  • GBP/USD 2.8
  • USD/JPY 2.8
  • Crude oil $0.10

Spread of platinum account 

  • EUR/USD 1.8
  • GBP/USD 2.3
  • USD/JPY 2.3
  • Crude oil $0.08

TradedWell 

TradedWell is the latest broker in the market, and it was founded in 2020. The brokerage company is authorised by the Cyprus Securities and Exchange Commission (CySEC). The broker also charges an inactivity fee from traders if they don’t activate in 60 days. The broker uses the Metatrader 4 platform for trading. The license number of the TradedWell broker is 298/16.

What are the attributes and qualities of the TradedWell broker?

  • The technology which the broker uses is up to date in the market. 
  • The complete security of the platform is under the IGMFX broker. 
  • The broker follows the order of traders. 
  • The available base currency of the TradedWell broker is 
  • EUR/USD, USD/JPY, GBP/USD, USD/CHF, AUD/USD.
  • The average execution speed is 0.05.
  • 170+ CFDs asset for trading. 
  • The broker offers a 50% swap discount to the traders. 
  • The minimum spread is 20 in points.
  • The leverage is offered 1:500 to the professional traders and 1:30 to the retail clients. 
  • The customer support service is available for the traders of the platform from Monday to Friday. 
  • Fifth decimal training is helpful for better execution and liquidity in the market. 

Spread of silver account 

  • Gold 80
  • Crude oil 250
  • EUR/USD 28
  • GBP/USD 28
  • USD/JPY 28
  • AUD/USD 28
  • USD/CHF 28
  • USD/CAD 28

Spread of the gold account 

  • Gold 70
  • Crude oil 250
  • EUR/USD 20
  • USD/JPY 20 
  • GBP/USD 20
  • USD/CHF 20
  • AUD/USD 20

Spread of platinum account 

  • Gold 60
  • Crude oil 200
  • EUR/USD 18
  • USD/JPY 18
  • GBP/USD 18
  • USD/CHF 18
  • AUD/USD 18

The Bottom Line 

This article is beneficial for the traders of Thailand because these are all the reliable brokers in the market. The brokers’ history is completely safe from robbery, thefts, etc. The brokers provide various types of trading tools and indicators that help in better trading. 

LEAVE A REPLY

Please enter your comment!
Please enter your name here