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Are you searching for the best broker? On tradersunion.com, there are more than enough options to choose from. However, finding the right broker is not a simple task. Your choice will depend on various factors which are the most important to you. Whether you look for the highest payouts, the most attractive minimum deposits, the highest rewards, or probably the best trading resource, you can check the stock trading resources offered in this post. Let's get started!

Forex.com

Forex.com is viewed by many as one of the best brokers due to its advanced platform for traders and investors. Over the last decade, the company’s innovative approach has become a key strength of its trading operations. Currently, Forex.com managed to provide users with excellent research mechanisms and numerous currency pairs. The traders should make a minimum deposit of 50 units in base currency to enable the registration procedure and trading operations. In addition, the customer support provided by forex.com is effective enough to solve all the basic issues.

Forex.com is known for its reasonable pricing policy, a full-feature platform, and exhaustive market research. Thus, it is well-suited for professional traders who want to do forex trading and who expect good research instruments. Forex.com has the status of the best CFD broker due to its high trust score and great productivity. Even though it is publicly traded and does not operate as a bank, this broker is administered by authoritative regulators. Learn more about this broker by checking this Forex.com review.

Avatrade

AvaTrade is an international developer of trading resources for forex, CFD, and cryptocurrency traders. The company was founded in 2006 in Ireland. Today, it deals with the development of retail options and professional accounts. Being a licensed trading resource, it provides a set of regulatory options. Its licenses cover the European Union, Australia, Japan, and South Africa. All types of accounts offered by the broker let you reach the same trading resources, markets, and negative balance protection mechanisms. They are operated by various entities and have changing maximum leverage levels. Customers' finances are maintained by AvaTrade in segregated accounts. Meanwhile, the website does not mention any insurance or extra safety policies.

According to Avatrade review, if you are interested in the integration in CFD trading operations, the broker can guarantee you a simple and efficient resource with all the necessary resources. While the products you trade are limited, CFD is there to help you build up a highly leveraged account and make a profit. Still, you should realize all the potential risks and expenses of your cooperation with Avatrade.

The Bottom Line

In the above-mentioned information, you have learned some characteristics of two popular brokers on tradersunion.com. Now that you know Forex.com and Avatrade, you have a better understanding of what to consider while choosing a broker. Thus, you have more than enough aspects to pay attention to while making the final choice. Despite all the undeniable benefits of online cooperation, there are some serious risks you have to deal with. Thus, if you are a newcomer, you require a broker with sufficient experience in the trading sector. If you are a professional investor, you should focus on additional features like the availability of small deposits or effective mobile applications.

Considering the top-two stock brokers mentioned in this post, their market leading positions happen to be a direct result of various financial and operational factors. Are they providing trading or investing services? Do they have a smart mobile application to check your portfolio? What kinds of assets are you planning to invest in? These are only some questions you should find the right answers to. Ideally, explore the websites of the above-mentioned and some other stock brokers in order to gain a better understanding of what to expect from brokers in general. There’s no such thing as an ideal broker, but some of them happen to be an excellent fit for you than others.

When it comes to Forex.com and Avatrade, the first one is more reliable due to advanced safety measures. Moreover, Forex.com has a wider range of instruments to trade, considerably lower spreads on the major forex instruments like EUR/USD. Still, both brokers provide demo accounts, allowing you to examine their platforms to see which is suitable for you. After all, if you have no idea of what to do and which assets to trade, you can always find detailed guidelines on the Internet. That way, you will be able to find a suitable broker based on your precise needs and preferences.