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  • Which Broker to Use for Forex

    The forex market is a global marketplace that monitors and determines the exchange rate for currencies worldwide. Trading activity happens between banks, investment management firms, hedge funds, and dealers.

    In April 2019, it was recorded that the average daily trades on the U.S. market increased by 100 billion U.S. dollars in the last three years. These figures continue to entice those who wish to try their luck in forex trading. However, you need to use a reputable broker. The foreign exchange market can be overwhelming and confusing, especially for beginners looking to trade foreign currencies. 

    In this article, we talk about the factors you should consider when choosing a forex broker.

    What to Look for in a Broker

    Reputation and Regulatory Compliance

    One of the most important considerations is the broker’s reputation. You should check if they are compliant with regulations and are transparent about their fees and processes.

    Account Features and Types

    Each broker offers different features. Essentially, the broker’s web-based platform should be user-friendly and equipped with the necessary trading tools so that trades can be entered and exited seamlessly. Their accounts should also guarantee confidential trading, fast execution, and a deep and diverse liquidity pool. Below are some crucial features:

     

    Customer Service

    Last but not least, prompt and responsive customer support should be available at any time since forex trading happens 24 hours a day. A broker should be ready to entertain any questions you may have.

    Fair Forex: A Forex Broker on Your Side

    If you’re looking for a reliable forex broker who is trader-focused, transparent, and fair, search no further than Fair Forex. We never trade against our clients; it’s a mutually beneficial relationship. Fairness is at the heart of what we do.

    Our Story

    Fair Forex was founded by Krissy Jones in 2018 after she became disillusioned with the lack of transparency and fairness in other forex brokers. Before Fair Forex, Krissy ran a free forex support group for people who got mistreated by brokers with poor customer service, unreasonably high spreads, and hidden costs. Our founder was inspired to create the fairest brokerage on the market.

    Krissy and her experienced management team have made Fair Forex a highly successful and trusted broker trading billions of dollars monthly, with 5-star ratings on TrustPilot from over 500 clients. We know the ins and outs of the market and make sure that we stay on top of trends. We also offer one of the industry’s lowest spreads and commissions.

    What’s in it for You?

    When you work with us, you’ll benefit from:

    • Lightning-fast execution under 50ms
    • Deep liquidity
    • No manipulation or restrictions
    • Free deposits into client segregated accounts

     

    24/7 Support

    The forex market can be tricky. At Fair Forex, we strive to provide the highest possible level of customer service. Whenever you have inquiries, support will be given by real people; not robots.  As retail traders ourselves, we understand what challenges you might face in navigating your accounts. Our clients get the following:

    • Free signals via our telegram channel
    • Free peer support on our telegram chat group
    • Free indicators for the MT5 platform and video instructions on how to use them
    • Free access to professional traders via our Telegram chat group

     

    Get Started Today

    If you’re new to forex trading, Fair Forex is ideal for beginners like you. We’re here to guide you every step of the way. Visit our website to sign up for a free demo account or contact Krissy Jones at [email protected] to learn more about her financial services and currency trading expertise. For more specific customer support and FAQs about our company, feel free to visit our help centre. You may also see how we compare against other brokers.