Forex Demo :You can Try Before You Buy

Forex market is a huge decentralised market. It is a 24 hour market where you can trade from anywhere, anytime unlike the equity market. There are huge number of brokers who offer different platforms for Forex trading. Before choosing a broker it is crucial to learn to the software and the features of each type of trading software before investing your real money. Hence Forex Demo trading gives the real picture and idea about Forex Trading. We at Fidelis Capital Markets, encourage our customers to try Forex Demo Trading first before opening a Forex Live account. Here are a few things to look for before choosing a Forex Broker:

Low Spreads: Spread is the difference between Bid and the Ask Price. Forex Brokers earn through these spreads, hence higher the spread lower is your profit and lower the spread, higher is the profit. Forex Demo Trading gives an idea about the kind of spread you will be charged, if you register with a specific broker.

Liquidity Provider:Forex broker usually require large amount of capital as they provide high Leverage. They are tied to large banks or lending institutions for liquidity. Fidelis has a number of established direct banking relationships. Our bank partners enable our Direct Market Access Model (DMA) to provide market transparency, best pricing, and instantaneous trade execution based on the real interbank foreign exchange environment. Some of our partners are:

ü  Barclays Capital

ü  Citi

ü  Deutsche Bank

ü  Goldman Sachs

ü  J.P Morgan

ü  Bank of America

ü  UBS

ü  Morgan Stanley

ü  HSBC

ü  Bank BNP

ü  Nomura

Regulations and Licencing: Forex Broker should be registered and regulated to avoid any kind of fraud with your money. Fidelis Capital Markets Limited (Company No. 3388151) is a New Zealand registered company and is registered as a Financial Service Providers and listed in the Financial Service Providers Register (FSPR), FSP145164. Fidelis is part of a Dispute Resolution Scheme.

Leverage: Leverage isnecessary in Forex market because the price movement is in fraction of cents. Generally Leverage is expressed as a ratio between total capital available to actual capital. At Fidelis we provide our customers with 200:1 Leverage which means our customers can buy 200 times more with the amount they invest.

Tools and Forex Signals: Forex brokers offer different types of platforms for their clients. These platforms have charts, technical analysis tools, real time news, signals for trading. Forex Demo Trading helps to learn all these beforehand and makes you expert before you open a Live account. Fidelis offer two types of platforms MT4 and cTrader and our clients receive free Forex signals from Trading Central .

Account Types: Forex Brokers offer two or more types of account. Fidelis offers two types of account. One is the commission based account and the other is spread based account. Clients have the privilege to try both the accounts in Forex Demo trading and then open the Live account with the type they wish to.

Therefore Forex Demo Trading is essential these days so that you are well aware of the difference between what your broker is offering you and what you are looking for. Hence you need to try before you buy.