Even though forex transactions are exchanges and not purchases of an asset like a stock or commodity, when the exchange rate moves, it creates credit risk for the counterparty showing a gain on the transaction. This is known as the brokers margin requirement. Forex brokers currently offer leverage rates of as high as 500. Since margin requirements vary among brokers, you will want to make sure that the broker you choose has guidelines you can live with. But arent there always two sides to a story? Eurusd Spread *Broker offers variable spreads which are subject to fluctuating market conditions. What country is it based in? Broker, features, min Deposit. Click on the broker's name to get more details about it and read traders' reviews.
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Additionally, all the online Forex brokers presented here are reviewed by traders. Sometimes, they will even be regulated by more than one agency. Dealing Spreads, many day trading strategies become unsuccessful over the long term if your account does not have access to competitive dealing spreads. Many brokers provide such services, so if this is important to you, check out what each broker offers in this regard and whether their software will work with your device. You want to work via state-of-the-art trading software at no additional cost. Then, there are financial service providers who are not based in Australia, but who are licensed by asic to peddle their products there. In addition, their trading conditions may not be as favorable as those of the brokers listed in the table above. Also, some of the brokers' representatives answer to the questions and problem reports mentioned in these reviews, providing some exclusive first-hand information to our visitors. MT5 The latest MetaTrader Platform MT4 The Classic MetaTrader Platform Mobile Trading Some forex traders require the convenience of trading and keeping in touch with the forex market via their mobile trading forex pour un vivant phone or other mobile device. If you are looking for a forex broker in Australia or that offers services for Australians then make sure to go here. Do those reviews look legit?