The foreign exchange (or “forex”) market is the biggest market in the world, trading currencies to the tune of more than US$4 trillion per day, according to City Index. Forex has no physical location nor set timetable and is traded 24 hours per day, seven days a week, through a network of banks, businesses, and individual traders.
Folks in Australia looking to get into forex trading can check out Compare Forex Brokers, “Australia’s leading currency exchange comparison site.”
Compare Forex Brokers offers a full service for forex trading beginners, including a highly usable trading platform; a no-risk trade simulator offered by the broker; an easy way to determine exactly how much you’re willing to lose on a trade; low, fixed fees; and ASIC regulation.
They also offer easy web trading and mobile-friendly platforms, making it simple to trade on their site.
Finally, the site offers a 20% sign up bonus for the first deposit new users make.
For folks looking for recommendations for high leverage brokers, Compare Forex Brokers has created a comparison of the top ones in Australia. Their chart gives you a breakdown of each company and finds, ultimately, that Go Markets is the best high leverage broker in Australia.
Compare Forex Brokers created this comparison system because they found that trying to compare different brokers based on features other than leverage rates was difficult for the average user. As professionals who have been working in the field since 2011, they felt they could offer their expertise to those who were seeking the best deal out there. They’re careful to note that they had no associations with any of the companies at the time of the creation of the chart.
Best bonus offers:
Compare Forex Brokers also did the digging to find the best offers out there for visitors to their site. The found that Plus 500 was the companies offering the most to people with offers ranging from 30% trading credit on the first deposit to a minimum deposit of only $100. It is also one of the few forex traders that lets users deposit via PayPal, making it convenient to use.
So if you’re an Australian who is interested in jumping into the forex market, head on over to CompareForexBrokers.com.au and see if they’re the right fit for you.