Brokers are aware that even the best spreads are sometimes not enough to motivate many new traders.
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Thanks to our flexible service, payments can either be deposited in your bank account or delivered to your supplier. Globex is able to provide its clients with larger amounts with a preferred rate.
We are intent on ensuring that you receive the most professional and trusted service available. However in order to serve you better please call and speak with one of our representatives at 1 in advance for any large transactions excluding cash before presenting yourself at one of our locations. Globex offers you not only a vast selection of global foreign currencies, but also an extremely competitive rate of exchange.
Conditions apply With many years of experience in the industry, Globex distinguishes itself from the competition by its knowledgeable and well informed staff that allows you to benefit from better rates of exchange. Our individual and corporate clients can always count on practical advice and great rates, always without fees or commissions. Subscribe for our Newsletter. Corporate Services With more than 16 years of experience in the industry, Globex distinguishes itself from the competition by offering competitive exchange rates for global currencies and unparalleled service.
International Payments If you have accounts to pay in a foreign currency example: Large Transactions Globex is able to provide its clients with larger amounts with a preferred rate. Follow us on Twitter. This is the major aspect of the trade offer. Currency pairs are generally divided into major, minor and exotic.
Major currency pairs are the ones consisted of the American dollar and the seven other most traded currencies in the world, including the Canadian dollar. Last but not least, exotic pairs are pairs that include some of the less traded currencies like the Turkish lira or the South African Rand.
These currencies are usually paired with the US dollar, which is by far the most traded currency in the world. Closely tied to the currency pairs is the spread. Keep note of this term, it is one of the most important terms in forex. The spread signifies the difference between the buy and the sell price. Brokers have to offer two different prices because that is how they make their profit.
The bigger the gap, the more profit they make. Generally, brokers offer a lot tighter spread on major and more popular currency pairs, whereas if you like to trade less popular currencies, you will have to settle for a less favourable spread. The leverage is another important segment, as it allows every trader to trade a lot larger amount of currency units than the amount of money that they have at their disposal.
If the leverage is Some countries and their respective regulators have set limits on the amounts of leverage that brokers can offer. In Canada that is not the case and Canadians will be able to trade with leverage rates as high as Trading with leverage requires a high level of caution and you need to be fully aware of the associated risks and dangers. Forex trading takes place through a platform.
Most brokers nowadays offer a web-based trading platform, a website, where you can register and log in without having to download any software. However, most brokers also offer a download version which you can download for free and then install on your computer.
For some traders, that is a more convenient option. Moreover, as we live in an age when we use are smartphones and tablets more often than ever, brokers wanted to make sure that people who are constantly on the move will also be able to trade forex.
Most brokers, at least the most popular ones have developed, usually, more than one mobile trading platform in order to cater to the needs of owners of different mobile devices, most notably iOS and Android. Some traders who are new to forex are looking for simpler and less complicated solutions, whereas long-time traders are looking for options and features that will allow them to make them most of their trade.
That is why many brokers offer platforms with different degrees of complexity and integration. For example, the so called MetaTrader platform gives traders a chance to analyze price movements, see important information as charts and graphs and even use automated trading mechanisms. Brokers are aware that even the best spreads are sometimes not enough to motivate many new traders.
That is why they offer a bonus, sometimes even more than one. Generally, we can distinguish between:. A No Deposit Bonus is usually paid out to new traders, and, as the name suggests they are not even required to make a deposit first.
The Deposit Bonus is usually a percentage match e. Other promotions may include tournaments, where the winner can earn a pretty hefty amount of money. Other things should also be taken into consideration.
For example, most brokers accept at least a few different payment methods. Some of them may be exclusively available to Canadian traders, whereas other are international payment methods, like popular e-Wallets or major credit or debit cards. It is important to check whether the forex broker that you like to trade with charges any extra fees on deposits and withdrawals.