Skyline Brokers Selecting the Right Forex Broker:
January 11,2012---By: Andrew Keys
The foreign exchange market accounts for more than $4 trillion in average traded value every day, making it the world's largest financial market. Since there is no central marketplace for the Forex market, traders must select a Forex Broker to help them conduct their trading activity. There are a large and growing number of Forex brokers, and choosing the Right one requires cautiously sifting through an overwhelming number of magazine and Internet advertisements. We have done this research and we stopped at a company called “SKYLINE BROKERS”. the research conducted tested multiple aspects including products, reliability, platforms, customer service, commissions, spreads and ease of deposits and withdrawals. We were impressed by this company, which was ranked on the top of our charts in almost every aspect. If you are looking for the best Forex Brokers online, Skyline Brokers is the answer. Let me tell you why…
Spreads and Commissions: Many Brokers advertise that they charge no commissions, and instead make their money with wider spreads. For example, the spread could be a fixed spread of any number of pips, or the spread could be variable depending on market volatility. One of the advantages we found dealing with Skyline Brokers that they have the most fixed spreads among hundreds of Forex Brokers we tested specially during market volatility. It is very common that spreads gets wider with more volatile market, we have tested many Brokers advertising fixed spreads between 0.8 pip to 3 pips. During volatility times same Brokers increased their spreads way wider than what their typical fixed spreads originally are. the wider the spread, then, the more difficult it can be to make a profit. Skyline Brokers scored the highest among all Forex Brokers having a Real fixed spreads even during volatility times, this means more money in your pocket.
Leverage and Margin: Forex participants have access to a variety of leverage amounts depending on the broker, such as 50:1 or 200:1. Leverage is a loan extended to margin account holders by their brokers. Skyline Brokers offer multiple choices of leverage that suit every participant based on his own risk factor.
Ease of Deposits and Withdrawals: Each Forex Broker has specific account withdrawal and funding policies. Brokers may allow account holders to fund accounts online with a credit card, via ACH payment or via online processors like Moneybookers. the Broker may charge a fee of 2% to 5% of the deposit amount for this service, which is typically equal to the percentage charged by the processing company to the broker. Just by making a single deposit and then withdraw your funds, you already been charged a hefty percentage of your deposit. Most if not all Brokers pass through this fee to their clients, only very few Brokers don’t. Skyline Brokers is one of the very few Brokers that don’t charge their clients this fee. This means, Skyline Brokers save its clients between 4% and 10% of the deposit amount each round.
Products: While there are a great deal of currencies available for trading, only a few get the majority of the attention, and therefore, trade with the greatest liquidity. A Broker may offer a huge selection of Forex pairs, but what is most important is that they offer the pair(s) in which the trader or investor is interested. Skyline Brokers also scored the highest between all the other Forex Brokers by offering a huge selection of currencies, commodities, precious metals, futures and ETFs all from one single platform. While performing our test, we were interested in majors like U.S. dollar/Japanese yen (USD/JPY), the Euro/U.S. dollar (EUR/USD), the U.S. dollar/Swiss franc (USD/CHF) and the British pound/U.S. dollar (GBP/USD); we were also interested in trading future oil contracts, Dow Jones index futures, Gold and Silver. Skyline Brokers offered all what we were looking for and much more from a single platform. That means more and more opportunities every minute without the hassle of switching between multiple brokers. Skyline Brokers also offers advanced charts free of charge to its clients. Feel free to check their website www.SLBFX.com and start a free DEMO account to try out their platform and products.
Trading Platform: the trading platform is the investor's portal to the markets. As such, traders should make sure the platform and any software is easy to use, visually pleasing, has a variety of technical and/or fundamental analysis tools, and that trades can be entered and exited with ease. A poorly designed interface, on the other hand, could lead to costly order entry mistakes. the award winning MT4 platform is the world’s most respectful trading platform between all beginners and professional traders worldwide.
Forex trading occurs 24 hours a day, so a broker's customer support should be available at any time. Another aspect where Skyline Brokers stand out is Customer Service. Skyline BROKERSoffers multiple ways to reach a professional attendant by phone, toll free, e-mail, 24 hours online chat and live attendant. Another consideration that Skyline Brokers offers assigned account managers for their clients that can answer your questions and help you along the way. Almost no other Broker has this option. Hats off to Skyline Brokers professional customer service.
Conclusion: Selecting Skyline Brokers as your Forex broker, you will be able to devote more time and attention to analysis and developing Forex strategies. Skyline Brokers offer the tools and support that goes a long way, and can increase an investor's odds of success in the competitive Forex market
Skyline Brokers is a worldwide provider of online off exchange retail FX trading services, offering individual traders, institutional customers’ proprietary technology and tools to trade FX
Skyline Brokers has distinguished itself as an industry leader with its unique Multibank Liquidity Feed,proprietary Forex trading tools and services and focus on customer care. This has led to long term and profitable relationships.
Headquartered in Los Angeles, CA, USA, multiple locations around the nation and numerous locations around the globe; Skyline Brokers serves thousands of clients around the world.
We consider ourselves one of the world’s top Futures Commission Merchants specializing in Forex trading, a position we feel has been earned as a result of our unique business model and, more importantly, our integrity.
SkyLine Brokers has grown rapidly since establishment as our team works hard to exceed the expectations of our ever-growing clientele. Unlike some other brokers, SkyLine Brokers has distinguished itself as an industry leader with its unique Multibank Liquidity Feed, proprietary Forex trading tools and services that align our interests with our customers.
Our strategic objective is to become one of the largest and most successful financial institutions in the provision of Forex trading services, while at the same time achieving high returns for our clients. If you are an investor looking for a commitment to excellence in service, and an experienced management team with decades of accumulated experience in the financial industry, SkyLine Brokers is your best option.
SkyLine Brokers has been in business for over 4 years with over 10,000 clients worldwide. SkyLine Brokers trading conditions are rightfully considered as one of the best across the globe. Our customers have free access to a great variety of trading instruments as well as to state-of-the art information technologies and software products from leading companies such as MetaQuotes Software MetaTrader 4 developer), Reuters, e-Signal and others.
Partnership with major market makers and brokers-contractors as well as a strong clientele hold great strategic potential of SkyLine Brokers and enable it to keep the top position in Forex and efficiently meet sensitive requirements of traders.
SkyLine Brokers has a comprehensive range of financial instruments enabling individuals and institutions to invest in exchange and stock markets. SkyLine Brokers has more than 100 representative offices worldwide. Most of them are situated in the Middle East, Gulf, and Eastern Europe, where the company has achieved the biggest success.