The importance of choosing a reliable broker is paramount to trading. Most traders have given a serious thought to the security of their investments and these concerns are increasingly common in this highly competitive market.
Regulatory bodies oblige forex brokers to declare the percentage of clients who lose money while trading CFDs. This statistic is becoming more important and serves as a guideline when new clients are choosing a potential broker.
At the beginning of this new quarter, EU-regulated brokers have disclosed this figure as per ESMA regulations. The reputable global forex broker, HYCM, is on the top of the list among some of the well-known forex brokers in Europe with only 58% of its retail investors losing money last year, making it one of the trusted brokers to trade with.
In a landscape of increasingly questionable brokers and practices, HYCM, a multi-regulated broker with over 40 years’ group experience and an established reputation stands out from the crowd. HYCM has always had a focus on secure trading and providing clients with a solid trading education and resources to help them make informed trading decisions.
OnsaFX, a regulated, global & zero-commission broker, is strengthening its presence in Africa by preparing to enter the Ghanaian market.