Foreign exchange markets, or FOREX, are popular for their low minimum balance accounts, high volatility and profit potential, and 24-hour access. For this reason, the field has hundreds of brokers and trading platforms to cater to the high customer demand. Traders new to FOREX are easily overwhelmed by the choices. Fortunately, some FOREX platforms consistently stand out to make selection easier.
eToro
The eToro platform and brokerage service is highly regarded for its rich set of features and easy user interface. It is among the top FOREX trading platforms reviewed by forextradingplatformreviews.com and is also in the top 10 best-rated FOREX brokers at forex-ratings.com. EToro offers "paper trading" services to allow new traders the experience of real-time FOREX trading without using real money. Funding an eToro account is easy, as the company accepts a wide variety of sources, including credit cards, wire transfers, and even PayPal. Only $50 is necessary to start trading with eToro. The company makes the process of FOREX trading particularly fun by offering contests with cash prizes for its members.
ForexYard
Earning the top spot in trading platform reviews at forextradingplatformreviews.com, ForexYard is particularly effective for traders new to FOREX. In addition to an easy platform, ForexYard also offers educational services to give new traders a solid introduction into the fast-paced action of foreign currency exchange. A training class and a practice account are provided for new traders free of charge. The firm offers 24-hour support for their platform and the ability to interact with technicians and FOREX experts online. Additionally, ForexYard extends several promotions for new clients, including cash back options upon deposit of initial funds.
FxPro
Customer reaction to FxPro is the best for all FOREX brokers listed at forex-ratings.com, and the company has also received many other distinctions. World Finance Magazine named FxPro the best FOREX broker for 2009, and the prior year it received the same honor by CEO Magazine. The company offers trading vehicles on the foreign exchange markets but also extends its platform to futures and stock trading. Twenty-four hour live technical support ensures that traders get help no matter what time of the day they choose to trade. Live news feeds from Dow Jones help keep traders abreast of immediate changes in the market climate. Additionally, a single account with FxPro gives the client access to three platforms for no extra charge.
Source - eHow
