If you want to start trading on the Forex market, you can’t open a direct account with a bank. In order for you to have a forex account, you need a Forex broker, an intermediary between you and the interbank market. Forex brokers are necessary for Forex trading. If you want to trade on the Forex market, you must have a Forex broker account on Traders Union. The broker will act as an intermediary between you and the foreign exchange interbank market.
A forex broker is an individual or a company that acts as the intermediary between the retail trader and the Forex market. They are also known as currency brokers, FX brokers, or currency dealers. The Forex broker opens an account for you on the Forex market, then you can deposit your funds into that account. The broker then will execute your orders to buy or sell currencies via the interbank market. This is how the Forex market differs from most other financial markets.
When trading in the foreign exchange (forex) market, you are basically trading in an over-the-counter (OTC) market. That means that you are directly connected to a dealer who is connected to the interbank market. Your transaction will be routed through your broker and the forex exchange through which he is connected. You can choose your preferred forex broker or let him recommend one based on your trading experience and your financial capacity.
Exness Forex Broker
Exness is a global leader in the Forex market, which is recognized by top trading platforms and experts around the world. The Exness is regulated and licensed by CySEC. The broker is also regulated by the FSA (Office of Financial Regulation and Supervision of the Republic of Seychelles) and FCA (Financial Conduct Authority) of Great Britain.
The company has a solid reputation for offering a wide range of investment tools and instruments, including forex, CFD, stocks, and commodities. Exness was the first broker to introduce a mobile version of its trading platform in 2015. In 2017, it became the first online broker in Europe to offer cryptocurrency CFDs. Exness is currently the largest forex broker in Eastern Europe and CIS countries.
Exness trading platform is characterized by a simple and intuitive interface. This trading platform works on all devices such as desktop, mobile, and tablet. It a leading online trading and investment company, today announced that it is currently offering cryptocurrency CFDs, enabling clients to trade Bitcoin, Ethereum, Ripple, Bitcoin Cash, Litecoin, and Dash on the Exness platform. This is in addition to stocks, more than 120 currency pairs, energy, and metals available for trading.
A convenient interface, low minimum deposit, instant order execution, and withdrawal of funds are the main advantages of Exness’s service. It offers infinite leverage, which allows earning on the whole deposit. The company has several options for opening an account depending on the traders’ needs. For more information visit the exness review from Traders Union.
Exness Demo Account
Exness provides demo accounts for new traders that are free to use, but it also provides demo accounts for professional traders. It can be used to practice trading on real market conditions, master trading techniques, and test new strategies in real-time. Demo trading is very useful for experienced traders who want to test their skills in real market conditions without worrying about losing their own money.
A demo account is a must for any newbie in the forex markets. It is useful for both the beginner level trader and the professional trader and can help even experienced traders to sharpen their skills and test various strategies without risking any real money.
This account is a training account that allows traders to test out a trading strategy with virtual money before risking their own capital. Demo accounts are available for most major forex pairs and CFDs. To open a demo account, open a live account and click on the ‘Demo’ tab. There you will be able to select the pairs and contracts you would like to trade in your demo account.
The demo account shows all the features that a real trading account has, however, it has no real money attached to it. In other words, you cannot lose any real money. The demo account can be used for as long as you want and can be used to test every aspect of the site and also to get a taste of live Forex trading.
You can demo trade through forex demo account and try out your strategies before using them with real money. This offers you the chance to test your skills in a risk-free environment and use our powerful Trading Platforms. You can also hold several positions at once on the demo platform, so you can easily simulate trading real accounts. It’s a great way to learn how to trade on the go, without risking any of your own money!
Exness is offering a demo account which makes it perfect for beginners. It is a binary options trading platform and offers an excellent trading environment for both trading newbies and experienced traders. One of the great features of exness is that it offers a demo account that allows traders to get used to the platform before placing any actual trades with real money.
You should open a forex account with excess because of the demo account facility, I have been using their services for the past 2 years and have never faced any issue, as a beginner I was not sure about how to invest my money but with the help of their customer support team I started trading easily and making good profits, they also provide best educational material and webinars which helped me a lot in understanding the market and to earn more profit.