When you are about to jump into the forex trading world, the primary step is to consult a reliable and trustworthy brokerage company. Hundreds of forex trading companies exist, but choosing the right one is tricky. If that’s the case, this article is for you.

Trading in the financial market is a risky game. That’s why you must study some broker companies before consulting them. In this article, we will discuss some critical factors of a forex trading platform and how Shining Star Group Limited is the right choice for your trading.

Essential Factors to Consider for the Forex Trading Platform

Regulated with Financial Authorities

Forex trading platforms must be regulated by financial authorities. Every country has different regulatory bodies for these forex brokers. Here is the list of popular regulatory bodies for forex brokers:

• For the United States: Commodity Futures Trading Commission (CFTC) and National Futures Association (NFA).
• For the United Kingdom: Financial Conduct Authority (FCA).
• For Australia: Australian Securities and Investment Commission (ASIC).
• For Japan: Financial Services Agency of Japan (FSA Japan).
• For India: Securities and Exchange Board of India (SEBI).

Account Types

Forex brokers offer different types of accounts for their traders, such as standard, mini, and macro. These accounts also have different leverage and units. Most retail traders reckon the standard account option as it is the most common one. The lot size of this account is 1000,000 units.

In contrast, micro and mini accounts have the lot size of 10,000 and 1,000 units, respectively. These accounts are opened by traders who want to start trading with small investments. Therefore, check what type of accounts are offered by the broker.

Consider Friendly Customer Service

You won’t be able to get your queries answered if the broker company does not have great customer service available for its traders. So, it’s better to consult a trader with excellent customer service available. In addition, customer service plays a crucial in addressing traders’ problems and issues.

Consider Demo Account Availability

A demo account helps you to investigate the trading platform properly. The demo account allows Traders to test different trading strategies, features, and technical tools. So, it is vital for you to check whether the broker company is offering a demo account or not.

Spread and Commission

It is vital to check the commission and spread of a forex broker company. Every brokerage company has different types of policies for spread and commission. Some of the brokers do not charge a commission but cover up their expenses with widespread.

Deposits and Withdrawal

Every broker around the globe has different deposit and withdrawal methods for their traders. However, some of the common methods are PayPal, Bank Wire Transfer, Skrill, Credit/Debit cards, and E-Wallets.

Availability of Educational Content

Education contents such as tutorials, webinars, e-books, blogs, and videos help traders understand trading, technical analysis, and various trading strategies. So, broker companies need to provide valuable educational content to their customers.

How Shining Stars Group Limited Play the Right Role in Forex Trading?

Shining Stars Group Limited is a pioneer forex brokerage company based in the UK. The primary of our company is to provide a accessible and enhanced trading experience to our customers. We are a regulated broker company with the availability of demo accounts, educational content, excellent customer base service, and suitable withdrawal & funding methods.

Our team consists of hand-vetting and reliable people who are dedicated to helping clients from all around the globe. There are over 11,000+ registered users, 823 partners, and $5.5 million monthly revenue.

Furthermore, the company has advanced trading facilities and tools to help its clients for successful trading experience.

Features of Shining Star Markets

Let’s see what remarkable features we have for our clients in this section.

A)Fixed Spread

Shining Star Group has a fixed spread for its trader, so they can be aware of the exact cost when taking action in the market. A fixed spread is predetermined and unchangeable regardless of market fluctuations and conditions.

B)Zero Commission

We do not charge any commission on traders’ trades, which makes our service quite affordable for future investors and traders. As there are no separate commission fees, our clients have greater transparency and a great understanding of the total cost of their trades on our platform.

C)Android and IOS Application

Shining Star Group Android and IOS applications will help you trade from any corner of the world. You can easily download it from Google Play Store for Android and Apple Store for IOS users.

D)24/5 Chat Support

Our excellent 24/5 chat support system is there to answer all your queries. If you are stuck anywhere on the platform or confused about trading, our expert support is always there.

E)Swap Free Trading

If you adhere to Islamic principles, don’t worry, we have swap-free trading for our traders from Muslim nations. With this feature, you can hold positions overnight without having to get perplexed about incurring any interest.

F)Attractive IB Commission

You can also earn a commission through our IB (Introducing Broker) commission policy for our traders. The IB commission allows traders to earn a commission by referring the company to different clients and companies. You can earn up to $14 per lot with this policy.

Conclusion

In the end, when diving into the world of forex trading, it is indispensable for you to consult a reliable and trustworthy brokerage company. Consider the above factors, which we have mentioned above when selecting a forex broker company.

Shining Star Group Limited is a user-friendly broker company that ticks all the boxes mentioned above.