When it comes to the Forex trading business, one of the key players to succeed in this business is the presence of a Forex broker.
This forex broker becomes an intermediary that will bring together both parties, namely the seller and the buyer in conducting foreign currency (Forex) buying and selling transactions.
There are two types of leading brokers namely Forex4 You and Admiral Markets, so which one is better?
Get to know Forex Brokers
In the world of Forex trading that deals with foreign currencies, of course, this activity will be dominated by big banks around the world.
Generally, large banks are dominated by the central banks of these big countries to carry out currency buying and selling transactions in large portions.
Therefore, for those of us who run a Forex business with a limited nominal and on a small scale, we need a liaison with the big bank.
This is where the Forex broker’s function can be seen.
A broker is a company or individual who acts as an intermediary between a bank or a major producer with a trader.
They have full responsibility for the execution of sales and purchase orders made by an investor.
In addition, Forex brokers also function to conduct capital market analysis, as well as make recommendations to investors based on stock analysis.
Because of this very important role, it is necessary for your accuracy and caution to choose the right forex broker.
Today, there are many online platforms such as https://tradersunion.com that you can use to find information about brokerage companies more easily.
Forex4 You Comparison with Admiral Markets
Actually, there are lots of Forex brokers who can help you in buying and selling foreign currencies.
Among the many Forex brokers, Forex4 You and Admiral Markets are the most popular.
However, being popular is not enough, you also need to do some proper considerations in choosing the right Forex broker as your partner.
Between Forex4 You and Admiral Markets, which one is the best?
Here’s a comparison between Forex4 You and Admiral Markets.
• Forex4 You General Information
Forex4 You has been established in 2007 and is headquartered in the British Virgin Islands.
The company is licensed by international regulations and is registered with the British Virgin Island’s FSC under the Securities and Investment Business Act.
Forex4 You emphasizes a minimum deposit of only $1 with payment methods via credit card, bank transfer, and Neteller.
Forex4 You Broker provides the features of setting price alerts, scalping trading, tight fixed spreads, hedging trading, and one-click trading available.
Other features are Metatrader, VPS, DMA, STP, and trading signals.
• Admiral Markets General Information
Forex broker Admiral Markets was founded before Forex4 You in 2001 which means it has been in this business for 20 years.
The company is regulated by the Financial Conduct Authority (FCA), the Cyprus Securities and Exchange Commission (CySEC).
Headquartered in the UK, this Forex broker emphasizes a minimum deposit of $200.
The funding methods used include credit cards, bank transfers, Neteller, and Skrill with the payment processing time of only 1 working day and withdrawal processing time of 3 working days.
Features provided include Apple, Android and Windows applications available, Variable spreads (Forex), scalping trading, hedging trading, and one-click trading available.
In addition, there are also features of stop-loss orders, limit orders, trailing stops, Metatrader, VPS, DMA, ECN Forex, and STP.