Forex companies through which you can trade in the forex market, which is considered one of the most important and largest markets in the economic sector, where the word forex, which is an abbreviation of the word Foreign Exchange, refers to the foreign exchange market.
It is also a market that is used by a lot of traders and people all over the world and the process of trading in the forex market is done by buying and selling the base currencies in the markets.
The currencies traded in the forex market include: the US dollar, the euro, the British pound, the Japanese yen, the Swiss franc, the Canadian dollar and many other major currencies, and the goal is to achieve great profits.
Among the important criteria that distinguish forex companies from each other:
First: the security system, which is one of the most important criteria that must be distinguished by forex companies in order to attract more clients to them.
Second: Transaction costs Transaction costs must be at a reasonable level to suit all categories of traders and not be too expensive or too low.
Third: Islamic accounts Forex companies that want to be distinguished in the markets must provide Islamic accounts within their accounts that are free of usury and that are compatible with Islamic laws and Sharia.
Fourth: Deposit and Withdrawal Highly efficient forex companies will allow you to deposit money and withdraw profits without feeling any fatigue or effort.
Fifth: The trading platform In the event that you are looking for the best broker for you, you must be sure of its presence on its trading platform.
Sixth: Customer service The trader must search for forex companies that enjoy a high level of customer service and work around the clock to respond to all inquiries that customers ask about at any time.
IC Markets Company
Founded in 2007, IC Markets is one of the best Australian forex companies in the forex market and the best for ECN brokers. On trading currencies, gold, commodities, indices, oil and more.
IC Markets is considered the best among the forex companies in the security system thanks to its being regulated by the Australian Securities and Investments Commission (ASIC), and it offers very low fees and transaction costs compared to some other companies in the market.
*How to calculate trading at IC Markets
The company offers single and joint accounts with both the ECN account on the MetaTrader and cTrader platform as well as the standard accounts.
In addition to having the Islamic account on all of these platforms mentioned above, the company uses the cTrader, MetaTrader 4 and MetaTrader 5 platforms on its clients’ accounts, with the ability to trade via hedging, scalping, and expert advisors.
* Withdrawal and deposit process at IC Markets
The company is distinguished by a distinct withdrawal and deposit system, due to the absence of any deposit and withdrawal fees, in addition to the presence of many options that are used to transfer funds.
Pepperstone Company
It is a financial brokerage company that has managed over the past years and since its establishment in 2010 to prove its competence and capabilities in the foreign exchange trading and investment market, which led to its submission to many trusted regulatory and supervisory bodies such as FCA and others.
It also gives traders in the forex market, especially in contracts for difference, extremely low prices, in addition to the possibility of buying and trading cryptocurrencies, commodities, gold, and other options.
Regulated by high-level regulators such as the Australian Securities Exchange (ASIC) and the UK FCA, the company has a security feature and has international bank wire transfer fees of up to 20 Australian dollars, so it is one of the best forex companies in the world.
* Pepperstone trading account method
As for the commissions, on the Standard account and the Islamic account there are no fees or commissions, compared to the Razor account which has some fees.
The company advises traders who are new to the markets to trade on the Standard account, which is the most important account for them, and advises hedging and scalping traders to use the Razor account to trade on it. It also advises the traders who cannot receive or pay swaps without interest using the Islamic account.
* Customers service
The company provides a customer service feature to respond to all customer inquiries 24 hours a day, which is one of the most important advantages that characterizes it compared to some other forex companies.
*Deposit and Withdrawal Process at Pepperstone Company
The company offers plenty of withdrawal and deposit options through Mastercard, Visa, China Union Pay, PayPal, and the possibility of bank transfer through electronic banks such as Neteller, Skrill, BPay.
Tickmill Company
This company was founded in 2015 by some traders, where trading is carried out in all major financial markets. The company has access to more than 80 financial instruments and very low commissions, which are the lowest in the forex market. It is also possible to trade via scalping, expert advisors, and hedging.
The company also provides protection for clients’ accounts from negative balance with placing clients’ funds in accounts within international banks, and all accounts can be converted to Islamic accounts, which distinguishes them from other forex companies.
* Fee
There are no fees on the Standard account, and on the Professional and VIP accounts the fees are as low as $1 to $2 for every $100,000 of trading volume.
* How to trade in Tickmill
The maximum leverage on these three accounts is up to 1/500, and the minimum account balance is $100 on the Standard and Professional account and about 50,000 on the VIP account.
* Deposit and Withdrawal Process at Tickmill
The company works on having a lot of easy, fast and safe solutions for its customers to make the withdrawal and deposit process, depending on the country in which you reside and the currency of your account such as withdrawing or depositing through Neteller and Skrill.
FXTM Company
One of the most famous forex companies in the world in online foreign exchange trading, it was established in 2011 and provides many services and features to traders, whether they are experienced or new to the market.
FXTM specializes in leveraged trading that makes a lot of money whether prices go up or down, in addition to having low trading costs with fast execution of transactions in the least possible time, and is licensed by the global regulators FCA and CySec.
* FXTM Trading Account
There are Standard, Cent and Shares accounts which all offer MT4 trading except for the Standard account which also offers MT5 trading.
Moreover, all standard accounts offer instant execution of trades and Islamic accounts without any interest.
* FXTM Withdrawal and Deposit Process
The company offers many methods for the withdrawal and deposit process such as MasterCard, Skrill, Neteller and also making a bank transfer.
Read also: Best Forex Companies 2020
XTB . Company
It is one of the most important Forex and CFD brokerage companies, it has the ability to access more than 1500 global financial markets, and therefore it is licensed by four global regulators such as FCA, KNF, BaFIN and IFSC.
* XTB Trading Accounts Method
There are three types of accounts, the Islamic account, the regular account, and the professional account, and in each of these accounts there is no minimum balance to be placed, and the trading tools available on these accounts are forex, index funds, stocks, commodities, indices and cryptos.
The maximum leverage for each of these accounts is up to 1/200, and all accounts can be traded via the MT4 platform.
* XTB Withdrawal and Deposit Process
There are some types in the process of withdrawal and deposit through electronic banks, bank transfer, and both MasterCard and Visa.