So you are into trading. Trading is an ancient type of exchange that exists since the beginning of humanity. Cavemen used to do this and it is called system barter. This particular action evolves and branches through the flow of time and technology. One of the branches is a forex broker. The simple imagery is like for instance, you wanted to buy a mango. You will go down the street to buy it, where all the mango stalls are available. Now if you are the seller, what you will surely do, is you will start selling your mango at the street because that is where your buyers would most like to show up.
It is no difference in the forex broker business world where you will still have these both important elements show up at the same place to do exchanges and tradings. The buyers and sellers in the currency markets, on the other hand, can be thousands of kilometers apart. There must be a process that matches their interests in order for them to locate each other: this is where the broker comes in. Their role is to operate as a middleman between you and the market. So if you want to search for a buyer or a seller, a broker is the place to go and they will do the Tinder thing where you will match up.
Choosing a forex broker is a full thought step. There are a lot of things you need to consider, and so many things that can go sideways. You need to know your goal and learning style in entering the broker world, for new investors especially. Know what is important to you and your target and stood with it. Start to narrow the options by accessing the available broker online through their review. There is so many forex broker review in Vietnam and there are some that catch the attention.
One of them is IC Market. Starting in 2007, IC Market gives you the option of three tradings, Raw Spread (cTrader), Raw Spread (MetaTrader), and a Standard Account (MetaTrader). The Standard Account allows you to trade commission-free with spreads as little as one pip and also demo trading accounts and Islamic swap-free accounts which are also available from the firm. The Australian Securities and Investments Commission (ASIC), the Cyprus Securities and Exchange Commission (CySEC), and the Seychelles Financial Services Authority all have jurisdiction over it (FSA). Their services are designed to fit both beginners and experts and the firm also has its New York Equinix NY4 data center, which processes over 500,000 trades per day, the firm markets itself as the “go-to” choice for large-volume traders, scalpers, and trading algos. Social trading integration with ZuluTrade and MyFXbook are among the other trading services offered by the firm.
To sums up the pros, you will get free commission trading, accounts with excellent grade raw speed accounts, 24/7 customer service support, and a wide range of libraries full of building materials and videos for you to access. Note the beginners that first time interface could be a bit challenging.