Today, anyone can trade on the Forex market. Start-up capital and Internet access are the only things you need to proceed with this routine.

To start trading on Forex, any newcomer needs a special mediator called brokerage center. Thus, your trading process security, profitability and comfort will depend on a broker you choose. To find a reliable Forex broker, you should check all the relevant information about it. Don’t trust everything you see on the brokers’ homepage. Instead, you should put your efforts and find evidence of fair work of the company you are considering for trades.

Of course, if you decided to find a reliable Forex broker, you should consider the options offered on Tradersunion. Exness and XM Group are some of the most reliable representatives of this brokerage market. Let’s get deeper into details!

Exness

Exness Limited is a group of companies founded in 2008. By offering efficient conditions for trading activities, the broker has reached the top of the brokerage ratings. What makes it so attractive for traders and investors? It offers over 100 financial tools and minimized currency spreads. Also, customers can use "Unlimited leverage" feature that allows them to keep their deposits activity under control. In addition, this feature minimizes the marginal calls to the possible minimum.

For deposits and withdrawals, Exness traders can use one of the reliable payment methods, including Visa and MasterCard or PayPal. Thus, traders will be able to keep their money under control by monitoring their accounts. Being the partner of the world’s most advanced financial institutions like Barclays, OCBC, and Bank, Exness guarantees to keep the traders’ finances on the special segregated accounts. Here are some more benefits to be mentioned in this Exness review:

Pros:

• Low spread and low deposit requirements;
• 24/7 customer support available in more than 20 foreign languages;
• Fast withdrawal and deposit making systems;
• Credible trading platforms such as MetaTrader 4, MetaTrader 5, and MT4 Web Terminal;
• More than 90 Forex trading currencies;
• Efficient trading instruments such as trading indicators and chartings systems;
• Over 120 currency pairs;
• VPS hosting available for free;
• Financial regulation offering security of trader’s data.

XM Group

XM Group has been established in 2009. Over the last decade, this broker has managed to establish a customer base of more than a million users. Currently, XM Group has around 100 specialists with broad competence in the financial sector. All the customers’ funds are stored on the special segregated accounts. While there is a special negative balance safety measure, customers do not have to worry about potential losses. The trading activities are processed via popular trading resources like MetaTrader and WebTrader. XM Group knows how to provide all the orders on time and at no requotes. By checking all the testimonials left by customers, you will see that XM’s image is absolutely positive.

According to this broker’s business strategy, the major focus is set on the concept of loyalty. Compared to most trading platforms, XM Group doesn’t want you to experience any difficulties when it comes to online trading. Instead, it makes traders feel comfortable and safe in the trading market. Consequently, this online broker manages to deliver only top-quality services to trading routine with currencies, CFDs on Stocks, Commodities, Equity Indices, Precious Metals, and Energies.

XM Group aims to stick to the latest financial trends and provides tight spreads and one of the most effective processing of online orders on the Forex market. It’s also worth stating that XM Group involves a few licenses provided by authoritative regulators like IFSC, ASIC, and CySEC. Thus, XM Group follows all the necessary business norms. Here are some more benefits to be mentioned in this XM Group review

Pros:

• Suitability for beginners and professional traders;
• Educational resources, including seminars, online courses, and webinars aiming to educate traders on online trading activities;
• Licenses provided by the authoritative bodies such as FCA, CySec, and ASIC;
• Leverage estimated at the level of 888:1 with the further variations determined by the financial asset;
• Multiple tradeable instruments such as Forex, Stocks, Precious Metals, Energy, Cryptocurrencies, and Equity Indices markets;
• No deposit and $30 dollar trading bonus received by new customers;
• Negative balance protection.

The Bottom Line

If the above-mentioned brokers’ characteristics inspire your trust, feel free to join them. Even if it is not the case, you can use Exness and XM Group as examples of reliable online brokerage companies.