The inclusion of foreign exchange (Forex) in your investment mixture can diversify your portfolio to build and preserve your wealth. But where and how do you start to exchange Forex?
Fidelity Investments is one of the largest brokerage houses in the United States and could administer your 401 (K) at work. As someone new in trading forex, you may be wondering: “Can you exchange Forex on loyalty?” No, you can't – or at least not directly. Here is more why you could consider alternatives to loyalty for trading forex.
What Fidelity offers to merchants
Fidelity Investments, commonly called Just Fidelity, was founded by Edward C. Johnson II in 1946 in Boston, Massachusetts and is the third largest asset manager in the world.
The private financial company holds 5.9 billions of dollars of assets under management and is still under the control of the Johnson family, which holds 49% of Fidelity's shares. Fidelity employees hold the remaining 51%. Abigail Johnson is the CEO (CEO).
The 79 -year -old company offers a range of financial services, including brokerage accounts, retirement planning, management of investment funds, investment advice and wealth management. Fidelity provides investors with stock trading platforms, bonds, grant funds (ETF) and common funds. You can also obtain a cash management account or buy fractional actions.
If you want financial planning, Fidelity offers it. The company also manages employee service programs with more than 29,500 companies.
Why Fidelity does not offer Forex
With all that Fidelity offers, the question remains: Can you exchange Forex on loyalty?
For institutional investors, Fidelity Capital Markets (FCM) is a Division of National Financial Services LLC (NFS), a subsidiary in exclusive ownership of Fidelity, offering Forex trading by Fidelity Forex Inc., another subsidiary. Institutional investors have access to 20 currencies within the framework of the Fidelity Prime Services of the FCM.
As a retail investor, you can acquire an exhibition at Forex thanks to FNB on Fidelity. These ETFs follow the movements of a currency or a basket of currencies, but retail investors cannot negotiate the currency directly on loyalty.
This is aligned with the overall concentration of Fidelity on long -term investment and retirement services instead of speculative trading. While Fidelity indicates that it calls into question the status quo and uses innovation to create value for customers, its main commercial model remains a highly regulated brokerage house offering operations in shares, bonds, mutual funds, ETF and options to offer long -term value to customers.
Best loyalty alternatives for Forex trading
If you are looking to start the Forex trading, don't worry. You have alternatives to loyalty. The best alternatives – Forex.com, Pepperstone, Tastyfx and Vantage Markets – stand out from the pack due to the large number of currencies they offer and their trading platforms, regulations, differences, lever and customer service.
1. Forex.com
Why we chose it: Forex.com shows up the number one broker in the United States. It is popular with merchants, receiving high notes from customers, criticism and media. Forex.com is a subsidiary in exclusive property of Stonex Group Inc., which is exchanged on the Nasdaq.
The broker supports traders by offering powerful and popular trading platforms, coherent execution and tight differences. It offers promotions for American merchants.
Forex.com offers traders the Metatrader 4 trading platforms (MT4) and Metatrader 5 (MT5). MT5 gives traders mobile access to tools and features which include 38 popular technical indicators, three types of graphics, 46 analytical objects and a free cat and e-mail with other traders on the platform.
On the standard account of Forex.com, you do not pay a commission but you have a wider spread. However, on the gross account, you pay a commission, but you can see deviations as low as 0.0 pips.
If you are a VIP Forex.com, you can get an annual performance of 4% (APY) in an account between $ 10,000 and $ 500,000. Everything that happens generates 1.5% additional APY. In addition, if you go to Forex.com from another broker, you can gain up to 5% money back on your initial deposit.
The VIP program also gives you a cash recovery of $ 10 for each million Forex transactions per month. You also benefit from the treatment of the white GLAG of customer service and bank charges have deleted on transfers.
2. Pepperstone
Why we chose it: If you live outside the United States, one of the main Forex trading options is the pepperstone. It is not available for Forex merchants in the United States because it is not regulated by the Securities and Exchange Commission (SEC) or the National Future Association (NFA).
Based in Melbourne, Australia, Pepperstone operates worldwide and has high-level regulations: Australian Securities and Investments Commission (ASIC), Financial Duct Authority (FCA) in the United Kingdom, the Cyprus and Exchange Securities Commission) in China (DFSA), among others.
Pepperstone is distinguished from other Forex brokers by offering competitive differences on its standard account, even with a gross account. Peppperstone also offers more than 90 currency pairs.
On Pepperstone, you can chat with MT4, MT5, TradingView, CTRADER or PEPPERSTONE's Mobile App.
3. Tastyfx
Why we chose it: Tastyfx, based in Chicago, in Illinois, is a exchange broker formerly known as IG US. The broker belongs to Ig Group, which is based in London, England and serves Forex traders. It is regulated by the Commodity Futures Trading Commission (CFTC) and is a member of the NFA.
TastyFX gets high marks because it offers tight differences without commissions. The differences can be as low as 0.8 pips. You also get the TastyFX web platform and the mobile application, tradingView, MT4 and Prorealtime.
You can exchange more than 80 pairs of currency on TastyFX and the broker offers 24/5 access. The TastyFX platform is delivered with a variety of mapping tools, 33 indicators and 19 drawing tools. Certain trades can perform as quickly as 17 milliseconds.
4.
Why we chose it: Digitalbridge acquired view markets in 2017. The company has its registered office in Sydney, Australia. The Forex and Contracts for Difference (CFDS) broker operates on a global scale, but not in the United States, Canada, China, Singapore or the Jurisdictions sanctioned by the European Union or the United Nations or sanctioned for weak laws against money laundering or the financing of terrorism.
With competitive negotiation costs and complete educational resources, the Vantage markets are considered a good place for beginners to start.
In February, Vantage Markets won the “Global Brands Magazine” prize for the best Forex affiliation program. “Global Brands Magazine” highlights the Forex brokers which offer the best trading in class, technological innovations and excellent customer service.
Vantage Markets offers traders the trading platforms MT4 and MT5, as well as tradingView and Prottrade. The company provides low latency execution and 24/5 customer support by cat, e-mail and telephone.
Find your alternative to Forex trading on Fidelity
Now you know you cannot exchange Forex on loyalty. You can buy and sell FNB Forex on Fidelity and institutional investors can exchange Forex via a special program under a branch of the broker. However, you have alternatives to loyalty currency trading.
The best alternatives are Forex.com, Pepperstone, Tastyfx and Vantage Markets. Evaluate which has currency pairs, trading platforms, differences, regulations and customer service that meet your business needs.
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