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Industry Best Practices
Top Tier Regulation
Authorities like the UK FCA, US NFA, Japan JFSA, CySEC Cyprus, and ASIC Australia among others are the most reputable regulators because they have a strict regulatory framework which protects traders.
Regional Leverages
Some brokers offer leverage as high as 1:200 but European Securities and Markets Authority (ESMA) restricted leverage to 1:30 for all brokers who are operating in the EU. A similar move was pulled by regulators in the US, Japan and South Korea. Australia is one of the main regulators where leverage is not restricted yet.
Bottom Line
Some brokers could have made a nice Forex broker but due to their short comings, it is only best to avoid such a broker. There are more competitive brokers.
Huge Offering of Investment
Definitely there is no limit to what you can trade on CFDs. Many brokers offer variety of stocks, indices, commodities, natural gas, oil, precious metals including Crypto currencies.
Industry Acceptable Initial Deposit
In terms of the acceptable initial deposit, we can say that $250 is acceptable for a basic account.
Metatrader Facility
Many Forex broker support MT4 platform for trading. So this should not be the reason as to why you are picking an offshore broker.
Finding The Right Forex Broker Is... Confusing
A lot of the brokers that we recommend are leaders in Forex trading. They offer an easy-to-use platform, expert trade ideas and efficient support.. Besides promising the best platforms, they are fully compliant with the authorities and some of them allow users to open a free account to start investing immediately. Free registration may change in the future, so if you are thinking of opening your account at one of these platforms, it is best to register early to take advantage of this feature.