Forex trading and currency trading has become, in recent years, the first option that a large sector of those wishing to make profits through investing their money turns to, due to its being the largest financial market in which the volume of liquidity is estimated at more than 5 trillion US dollars, in addition to what is available from Many advantages, the most important of which are freedom from centralization and the ability to start trading with simple capital estimated at less than $ 100, in addition to taking advantage of leverage to double the size of investment without having to increase the capital.
However, enjoying all these advantages and achieving the desired returns through this investment is linked to one factor, which is being able to choose the best currency trading sites and see how this can be achieved? What are the criteria for selection?
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How to choose the best currency trading sites
The forex market has become very popular in the Arab world and the world at large, and the number of investors in it has multiplied several times over the past years. However, this increased demand on the part of investors was naturally matched by a similar increase in the number of financial intermediation companies that allow investors to trade online through their platforms, and in front of This great and continuous increase in the number of sites submitted to these sites has become the question about the best currency trading sites is the most common among those wishing to enter this field of investment.
Experts in the forex markets and online trading provided a set of advice in this regard, and they identified a set of main criteria by which to infer the best currency trading sites on the Internet, which can be summarized in the following points:
Ensure that the company launching the trading site is licensed by the relevant regulatory authorities.
It is preferable to choose trading companies that have a long history in the financial markets.
The best currency trading sites support the most advanced platforms such as the MetaTrader platform or equivalent in terms of popularity and quality.
Find out the minimum requirements for opening real trading accounts.
Ensure the availability of the Islamic trading account option, which is a basic requirement for most Arab traders.
Make sure there are no undisclosed fees or a rolling commission.
Preferably choose trading sites that offer you fixed floating spreads from 1.5 pips.
In addition to all of the above, the possibility of benefiting from the experiences of others in getting to know the best currency trading sites by reading the reviews of former clients of the companies and knowing their review of the level of service they received, as well as the lists of the best trading companies recommended by "Thiqa" can be found.
The best currency trading sites that support investors
The main role of trading sites or brokerage companies is to be the link between the investor and the financial markets, that is, they only allow him to trade various financial instruments, including currency pairs, through its digital platform, but the best currency trading sites are not convinced of this role and are keen to provide support Complete it through some options and special services that aim to make the trading experience more convenient and secure.
The best supportive currency trading sites for clients can be identified by looking at the following aspects:
Does the company's customer service department provide fast and professional customer support 24/7?
Is customer service multilingual? Does the company provide a copy of its website in Arabic?
Learn about the forex analysis tools the company provides and their effectiveness, which is crucial to building your trading strategy and making successful trades.
If you are new to the world of forex, make sure that the site includes an educational section that includes a variety of graded lessons that introduce you to the basics of trading, as well as, in that case, it is preferable to choose sites that provide the option of demo trading accounts.
It is worth noting that the best currency trading sites provide full support to clients through the options referred to in advance and more, but this does not mean that they in any way complete online trading deals on behalf of the investor, or that they provide recommendations for trading specific financial instruments as such These behaviors conflict with the principle of transparency adopted by the licensed sites.
Deal with licensed and trusted trading sites
The first question that comes to the mind of those wishing to enter the world of forex and online trading is: Is this type of investment safe and reliable? And the definitive and practically proven answer to this question is "yes", but on the condition that you choose the best currency trading sites that have a long history in this field and enjoy With a good reputation, it is undeniable that there are some unreliable trading companies, but falling victim to fraud can be avoided simply by reviewing the licenses and approvals obtained by the company.
There are many regulatory authorities around the world that have been granted by the law the right to approve and license companies that operate in stock markets in the Arab world and the world, and the same authorities play a supervisory role and receive periodic reports on financial transactions that take place through these companies, all with the aim of ensuring that Brokerage firms adhere to standards and regulations governing trading operations and take the necessary measures to protect the funds and profits of traders. Among the most prominent of these regulatory bodies around the world are the following:
UK Financial Conduct Authority (FCA).
Cyprus Securities and Exchange Commission (CySEC).
Swiss General Organization for Financial Market Supervision (FINMA).
Financial Instruments Market Steering Authority (MiFID).
Dubai Financial Services Authority (DFSA).
The Australian Securities and Investments Commission (ASIC).
In addition to these licenses, the best currency trading sites can also be identified by referring to the International Excellence Awards and quality certificates obtained. As for how to examine the licenses of trading and forex companies, this can be achieved in some ways, such as making sure that the company includes on its website a copy of the licensing document It is not enough to merely refer to it, and it is also possible to communicate directly with the licensing body to make sure that the company is actually approved by it.
You can achieve the most benefit through online trading through the VIP trading account trust service, according to which you receive full support and professional guidance from a group of the most skilled and best experts in the world of forex and trading, where you can get specialized advice at any time and our experts help you in all stages starting from Learn about the best currency trading sites and even start making deals and making profits, in addition to a variety of other services that aim to make your investment experience through trading easier and more unique.
Is currency trading via the Internet making profits?
Currency trading or what is called forex trading is one of the most profitable investment markets in the world of financial markets, and the forex market is one of the largest global markets at all, but to enter the market, a reliable and licensed broker must be chosen to trade through it or trade through the bank. Reliable brokers in the Arab world and the Gulf can be browsed through List of companies listed on the thiqa website to evaluate online currency trading companies. It is worth noting here that Forex trading is fraught with high risks, so you must make sure to work and trade with reliable parties, or you will suffer a loss of all capital due to fraudulent companies.
Are all currency trading companies and websites trusted?
No, not all currency trading companies and websites are reliable, so we only recommend trading with our listed companies on the Thiqa site where we check everything related to the company from all legal aspects and licenses necessary to practice CFD trading and we do not deal with any suspicious company and currency trading will be risky because of the companies The swindler, therefore, we recommend that you contact us directly to inquire about companies and company licenses if you have any doubts about the decision to open the investment portfolio.
Is currency trading profitable in the short term?
Foreign exchange trading, or the so-called forex trading, is a field and market that is included in day-to-day trading in which fast and daily deals are dealt, so it is very suitable for those looking to enter the financial markets and start achieving quick results in the short term. At the same time, the market is one of the most dangerous global markets, as it also results in quick profits. The trader must also suffer quick losses. Therefore, we recommend entering the market with reliable and licensed trading companies that show the risks of trading to the client before opening deals with them.