For foreign exchange trading, domestic investors need to search online for international retail foreign exchange brokers that operate in other countries and are subject to strict supervision to apply for account opening and trading. It is best for us to apply for account opening and trading on platforms registered and operating in countries such as the UK FCA, Australia ASIC, Ireland CBI, Japan FSA, and South Africa FSCA. It is best for us to find an old platform that has been in operation for more than 10 years. The longer the operation time, the better the user experience, reputation, and long-term support from everyone.
Opening an account is very simple. We will prepare photos of the front and back of the account holder's ID card, as well as their registered mobile phone, email, and bank card. Then we go to the broker's official website, click on Register Real Account, and follow the required steps to register an account:
1. Fill in the information required to register an account, which should be truthful and valid
2. Conduct a risk Q&A survey and sign a risk disclosure letter.
3. Set account password and complete registration.
4. Upload photos of the front and back of your ID card and perform real name authentication on your account.
5. After passing the real name authentication, deposit money, download MT4, and start trading foreign exchange currency pairs.
After opening an account, we can experience trading for a period of time by depositing funds within 100-1000 US dollars. Mainly focus on the following aspects. If none of these are issues, we can consider using this broker for long-term trading in the future. Usually, such brokers are very good.
① Can it be held overnight? Legitimate platforms can hold positions overnight, and the margin for holding positions will not change.
② Is the margin for opening the same trading volume fixed and unchanged for each different quotation. Different market quotes may result in changes in margin for opening positions with the same trading volume.
③ Will the arrival of major market trends often result in situations where trading is not smooth, such as inability to place orders or close positions.
④ Will brokers experience slippage and widening spreads. A powerful and professional broker will not frequently experience severe slippage for no apparent reason.
⑤ Legitimate platforms only have spreads and no transaction fees. Do not choose platforms where brokers have both spreads and fees.
⑥ Opening an account on a legitimate platform is free and has no capital threshold. You can deposit $100 and start trading with a single 0.01 lot.
⑦ Legitimate platform investors need to analyze and trade independently, and broker staff will not induce you to make any trades.I hope I can help you. For more questions about foreign exchange investment trading, please click on my profile picture and add me as a friend to communicate.
Kind reminder: Investment carries risks, so choose with caution.After reading the introduction of "Which platform is better for forex trading?" in the above content, everyone should have a clear understanding. I hope it is helpful to everyone. If you want to learn more about "Which platform is better for forex trading?", please follow Dawang Finance website. We will provide you with professional answers and assistance.