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Forex Companies Important: This page is part of archived content and may be outdated. As of 2000 onwards more and more forex companies have made their appearance on the internet following in the trend and the movement of the forex trading market towards the retail sector. If you may already have been navigating around the internet searching for forex companies you most likely have realized and understood that the vast majority of forex brokers as they are predominantly called offer very much similar products and very much similar offerings with very small differences which are overall what separate forex companies from one another. We have made a list of the most important features traders should be aware of when selecting a forex trading company.
Starting from the basics depending on which forex company you decide to trade with you should understand that account type offerings vary as some forex companies offer a range of accounts addressing all major trading audiences in terms of budget where other forex companies address traders with generally larger starting budgets. 3 types of forex trading accounts which can cater to all types of traders in both terms of minimum deposit and offerings. The available deposit and withdrawal methods at forex companies are very much different as depending on where each and every forex company is licensed and regulated and depending on the audience each and every company addresses the variety of deposit and withdrawal options vary. Depending on what type of credit card you use or what kind of electronic wallet you feel more comfortable with using we would suggest that you choose a forex company that can cater to your prerequisites. If the company you are thinking of issuing a forex trading account with does not really cooperate with any serious credit card processing and might offer instant execution types of funding like Western Union or Moneygram we would advice you to research further as although both of the above mentioned money transfer companies are very much reputable they do not address business purposes and cannot be kept responsible in cases of fraud or inconvenience. As a licensed forex broker trading-point. Neteller, Moneybookers and International Wire Transfers.
Execution policy is one of the most important factors which we as more advanced traders consider a new trader should understand and comprehend before selecting which forex company to trade with. In forex terminology the term instruments more or less translated itself to products or offerings which at the vast majority of forex companies include CFD’s on Future Contracts, Spot Metals, Currency Trading and CFD’s on Equities. 120 trading instruments including Currencies, CFD’s and Futures which can be traded with the same high execution policy. If you are a Muslim trader you should understand that the forex company which you decide to trade with will have to be in compliance with Shariah Law and therefore offer swap free, interest free accounts. Islamic accounts in full compliance to Shariah Law.