Forex exchange is a global market. It never sleeps and is considered the most liquid market. With a turnover of around 5 trillion USD, it is currently the most opted passive earning strategy. However, to begin with, forex trading, a minimum balance ranging from $1-$10 is required. The iconic Investment Brokers firm has eliminated this criterion and now offers provisions to set foot on the forex ground with zero minimum deposit.
Next in the club of minimum deposits is InstaForex, a trading platform that lets you start your trading journey at a bare minimum of $1.
Here is a brief review of both these trading platforms, leveraging international currency exchange for common people.
Interactive Brokers
Established in 1978, Interactive Brokers is a U.S-based brokerage firm that serves more than 154 million clients and has accomplished $128.4 billion in customer equity. Currently, it is a semi-public company with 76.5% of shares still with the owner and some of its employees.
It is under the financial obligations of associations like SEC, FCA, and FINRA.
The firm is credited for revolutionizing the trading arena by the introduction of the first automated algorithm-based trading system. It was also the first company to deploy fair value on the exchange trading plan.
Interactive Brokers offer to trade stocks, cryptocurrency, ETFs, CFD, EPF, hedge funds, and other spot market assets.
Pros of Interactive Brokers
Interactive Brokers are widely acknowledged for their easy-to-use services and creative analytical tools. Here is a brief list of advantages that make it superior to other trading platforms.
- Cost-effectiveness: As mentioned previously, theInteractive Brokers minimum depositpolicy is a breakthrough in the trading world. Other than this, the firm is also appreciated for its low commission fees, as minimum as $2 along with the assurance of maximum returns with minimum investment. The platform has no additional spreadsheets, platform custom fees, or market monetization.
- Geographical Diversity: Investment Brokers has emerged as a resilient platform in almost 33 countries, providing trading access in 135 markets for more than 20 currencies which includes USD, GBP, EUR, AUD, CAD, DKK, HUF, ILS, MXN, NZD, PLN, SGD, CHF, and CNH starting at zero pimps.
- IB Smart Routing System: The exclusive IB Smart routing system diligently analyzes the most reasonable stocks and their pricing for IB clients and automatically executes the order as soon as the best prices are available. It offers IB an advantage of $0.47 per 100 shares as compared to the $0.15 of the industry.
- Provision for Extra Income: IB provides interest on your fully-paid shares by lending them to its clients who are interested in them and are ready to pay interest for renting them in the meanwhile.
- Exclusive Trading Tools: Strategy builder for multi-leg spreadsheets, brackets for restricting the loss, and an Impactful dashboard for insights that match your portfolio are some of the most prominent trading tools on the IB platform. Others on the list are ETF replicator, CME micro Bitcoin, FXTrader, ESG, Stock Yield Enhancement Program, and several others that ease the trading and automate it as much as possible.
- Extensive Reporting: IBs exclusive Portfolio Analyst tracks the trader’s performance and helps in aligning savings, credit card funds, and incentive plans as per the financial standing of the trader presently and in the coming times.
- Privacy-policies: This brokerage firm has been globally applauded for maintaining the sanity of the information of its clients. It deploys nCipher hardware encryption and the triple data encryption standards for securing the login credentials of the users.
With a daily average revenue trade of 2.26 billion, Investment brokers have been leveraging technical innovation in the trading sector, simplifying for each individual who wishes to commence their trading voyage.
InstaForex
Awarded as the best broker in Asia by A to Z Markets Forex Awards, InstaForex has been in service since 20017. The platform is known for its wide range of trading tools such as PAMM, MetaTrader 4, and Forex copy. It is regulated by FSC in conformity with the Securities and Investment Business Act.
Pros of InstaForex
The platform allows trading of 107 currencies, 88 CFDs, cryptocurrencies, gold and silver contracts, and US stocks. It is said to carry trading leverage of 1:1 to 1:1000. Following are some of the advantages offered by InstaForex:
- Provision of Demo Accounts: Especially for novice traders, demo accounts aid an educational tool with virtual funds to practice trading without risking the actual money. InstaForex also offers swap-free accounts.
- Bonus Systems: To assure a profit, InstaForex has an exclusive bonus system, divided into 3 grades. First, the 55% bonus scheme for reloading your trading account. Second, 40% bonus for InstaForex cardholders, and the jackpot 100% bonus on your first deposit. A 30% welcome bonus is also provided.
- Passive Income System: The exclusive PAMM and Forexcopy procedure are deployed to analyze the market trends and calculate action that offers 1,000 returns annually. Automatic refunds serve as the cherry on the cake.
- 24/7 Technical Support: The platform is known for its comprehensive technical assistance provided throughout the clock. An InstaForex assistant helps their customer with every query ranging from account opening to verification, trading, and conveying financial assistance at every step, whenever asked.
- Video Analytics: A detailed review of the market is provided by the technical experts in the InstaForex team in a video format. This is a ritual for the company, executed every day without a miss. The aim is to spread awareness of every minuscule detail that regulates the forex market.
- Chancey Deposit: The luck-draw of InstaForex platform, the chance deposit is their campaign which offers an additional deposit of $1,000-$10,000 account replenishment with $3,000.
Conclusion
With technology taking the frontier, Forex trading is on the verge to take its leap of faith. The emergence of trading platforms that work on Artificial Intelligence and advanced algorithms automates the procedure of predicting market fluctuations, leveraging heavy returns and passive earning, the new trend of the upcoming decade.