Choosing Publicly Traded Forex Brokers

The growth of the forex industry has been noticed by the public. Stock prices for the publicly traded forex brokers have hit new highs in recent months. FXCM, IG Group, and Gain Capital are all up more than 20% in the second quarter. Volatility in the markets has been very good for the forex industry in general. Equities were flat and gold was down like a rock. However, there are some things to look for in a publicly traded forex broker.

Regulated platforms: Regulation is important when choosing a forex broker. A regulated broker will ensure that the money it holds is safe. Unregulated forex platforms may do bad things with your money. It's also better to choose a broker with a transparent balance sheet. Lastly, choose a publicly traded broker that offers education tools and educational services. While some brokers offer free education and support, others do not. Be sure to compare the costs of trading with different brokers to make the most informed decision.

Investors should consider a publicly traded forex broker's background before choosing a provider. The company must be transparent about its financial performance and publish its balance sheet. A well-established and reliable broker will have educational tools to help you learn about the currency market. It is advisable to check the reviews of the company and the website of competitors before making a decision. Then, choose a provider that offers a variety of services.

IG: IG is a specialized forex broker that accepts investors from the United States. This firm offers a variety of options for beginners including a free demo account, mobile app, and web platform. The company offers MetaTrader4 and ProRealTime platforms and lets you trade with spreads as low as 0.8 pips. The software is easy to use and provides comprehensive charting capabilities. It also has a very low minimum deposit.

Saxo Bank Group: Saxo was founded in 1992 and is a leading Fintech specialist. Its focus on multi-asset trading and investment, as well as delivering 'Banking-as-a-Service' to wholesale clients. Its online trading platform was launched in 1998. In 2006, the company began operating in the United Kingdom through Saxo Capital Markets U.K. Ltd. Its website does not accept U.S. traders.

IG: As one of the most popular forex brokers, IG offers access to over 190 currency pairs and is open to American investors. As an international forex broker, IG is an excellent choice for beginners because it has extensive trading features and a demo account. It offers low spreads and has excellent charting capabilities. In addition to its comprehensive trading platform, IG is also regulated by the United States Securities and Exchange Commission.


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