Choose The Suitable Trading Account From Top Brokers In 2021

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trading account

Top trading brokers and types of trading account offered by them 

Are you planning to invest in the financial market in 2021? If yes, then you are on the right page. This guide will cover the top brokers to trade with and the different types of accounts offered by them. You can choose the trading account and broker which suits your best. All the brokers mentioned in the article are authentic and market leaders in the financial market arena. 

What Is a Trading Account?

You all might have about the conventional bank account. The trading account is more or less similar to it. The only difference is that this account’s function is to hold financial securities such as shares, bonds, commodities, currency pairs etc. You can do direct transactions of these securities through this account. Usually, the trading account is regarded as a day investor’s key account. These traders purchase and sell securities frequently, usually within the same trading day with this account. Now, let us go through the list of top brokers and types of trading accounts offered by them. 

Top brokers for trading in the year 2021 

The most confusing aspect of trading is choosing the right broker, as there are numerous brokerage firms in the financial market. It is hard to differentiate between the fake and the authentic. We have made it a bit simple for you by listing some of the top and authentic financial service providers. These brokers who aim at upgrading your trading standards through their top-class service, features, trading indicators, trading accounts, platforms, research and educational tools. 

1) HFTrading:

HFTrading established in 2019 is a trading brand of CTRL Investing Limited. Though the broker is relatively new, it has pulled the interest of numerous traders. It is a well-regulated firm registered with the Australian Securities and Investments Commission and the New Zealand Financial Markets Authority. The minimum deposit to open a trade with the broker is $250 without any commission fee. 

1) Retail account

The broker offers three main types of retail accounts: silver, gold and platinum accounts. The features of these accounts are: 

Silver account 
  • 1.8 minimum spread
  • 300+ assets
  • Max Leverage is 1:200
  • Available base currencies: GBP/USD, EUR/USD, USD/JPY, USD/CHF, USD/CAD, AUD/USD, NZD/USD, EUR/GBP
  • No deposit limits
Gold account 
  • 1.8 minimum spread
  • 300+ assets
  • Maximum Leverage 1:400
  • Swap discount 25%
Platinum account 
  • 1.8 minimum spread
  • Maximum Leverage 1:500
  • 300+ assets
  • Swap Discount 50%
  • Available base currencies: GBP/USD, EUR/USD, USD/JPY, USD/CHF, USD/CAD, AUD/USD, NZD/USD, EUR/GBP

2) Professional account

The features of professional accounts are: 

  • Leverage up to 1:500
  • Dedicated customer support service 
  • One-click trading
  • Fast trade execution 

3) Islamic account 

Features offered by HFTrading on the Islamic account as: 

  • Based on Sharia Law
  • Swap-free account

4) Demo or virtual account 

  • Free account
  • For novice traders 
  • Allow you to practice trade before entering in the real trading world 

2) T1markets:

T1markets is a trading brand of General Capital Broker Limited or GCB, regulated by the Cyprus Securities and Exchange Commission or CySEC. The broker allows trading on more than 300 financial assets including cryptocurrencies, forex, commodities, stocks, metals and indices. You can trade on advanced and globally accepted MetaTrader 4 and Web Trader at a minimum deposit of $250. 

1) Retail account 

Features of three precious metal accounts are as follows: 

Silver
  • Deposit commission: 0%
  • Leverage for the retail account is 1:30, and the professional account is 1:200
  • Spreads starting from 0.07
  • AUD/USD, EUR/USD, GBP/USD, USD/JPY, USD/CHF, USD/CAD, NZD/USD, EUR/GBP, and more
Gold
  • Deposit commission: 0%
  • Spreads starting from 0.05
  • Leverage for a retail account is 1:30 and professional 1:400
  • AUD/USD, EUR/USD, GBP/USD, USD/JPY, USD/CHF, USD/CAD, NZD/USD, EUR/GBP, and more
Platinum
  • Deposit commission:0%
  • Spreads starting from 0.03
  • Leverage for the retail account is 1:30 and professional 1:500
  • AUD/USD, EUR/USD, GBP/USD, USD/JPY, USD/CHF, USD/CAD, NZD/USD, EUR/GBP, and more

2) Professional account 

Features offered by T1markets on professional account are: 

  • Speedy execution and low latency rate 
  • Excellent flexibility
  • The leverage provided for the account is 1:500 
  • Margin reduced up to 70%
  • Collateral service 
  • Personal account manager to help you out 24/5 

3) Islamic account 

  • Re-quotes or no hidden costs 
  • No swap or interest charges on overnight trade positions
  • There is no limit for holding a trading position 
  • Leverage up to 1:400
  • No spread widening
  • No upfront commissions
  • Dedicated account manager 24/5 
  • Instant access to the trading platforms  

4) Demo or virtual account 

  • Free account
  • For novice traders 
  • Allow you to practice trade before entering in the real trading world 

3) ROinvesting:

ROinvesting is a trading name for Royal Forex Limited authorised and regulated by the Cyprus Securities and Exchange Commission or CySEC. It is a complete financial derivative partner of famous AC Milan. The broker facilitates commission-free trading on sundry CFD instruments including stocks, indices, commodities, cryptos, ETFs, metals and forex. 

ROinvesting allows its customers to trade on globally renowned MetaTrader 4 trading platforms compatible with web, desktop and mobile. The brokerage firm also offers a wide range of educational resources through articles, courses, webinars and videos on demand.  

1) Retail account 

Features of three precious metal accounts are as follows: 

Silver account 
  • Hedging
  • Amount of FX leverage 1:400/1:500 (for the professional account)
  • Amount of FX leverage 1:30
  • Fifth decimal
Gold account 
  • Hedging
  • Amount of FX leverage: 1:400 or 1:500 (for the professional account)
  • Amount of FX leverage: 1:30 (for the retail account)
  • Dedicated account manager
  • Fifth decimal
  • Swap discount 25%
Platinum account 
  • Hedging
  • Amount of FX leverage 1:400/1:500 (for the professional account)
  • Amount of FX leverage: 1:30 (for the retail account)
  • Swap discount 50%
  • Customised investment news
  • Fifth decimal
  • Dedicated account manager
  • Free VPS
  • Islamic

2) Professional trading account 

Features of the professional account are as follows: 

  • Different leverage on complex financial derivative instruments (Forex, indices, cryptos, stocks, commodities etc.) 
  • Dedicated technical support
  • Premium access provides additional benefits and programs 
  • Trading flexibility 

3)Islamic account 

  • Dedicated account manager
  • No hidden swap or interest fee on overnight trading positions
  • No re-quotes or hidden cost 
  • Leverage up to 1:500
  • No upfront commissions
  • Based on Sharia Law 
  • No spread widening
  • No upfront commissions

4) Demo or virtual account 

  • Free account
  • For novice traders 
  • Allow you to practice trade before entering in the real trading world 

How to open a trading account with the broker? 

The steps for opening an online trading account are the same for all brokerage firms. These are as follows: 

1) Get yourself registered with the broker by visiting the site. You will have to provide sign-up information which includes name, surname, profession, email-id and phone number for verification. 

2) Upload the required documents, which include:

  • Address proof: Bills which contains your permanent address and photo
  • Identity proof: Passport or national id card in case your passport expires 
  • Banking and financial statements not older than six months 

3) Choose the trade you wish to pursue

4) Deposit the amount for the same

6) Start trading 

The Bottom Line 

After the deadly pandemic started in 2020, the world is heading toward economic recovery. Thus, the year 2021 will be crucial in terms of investment and trading. The market is expected to rise sharply, and analysts recommend investing in the right assets to generate massive returns. 

The broker is a vital entity in the financial world. It can enhance or mitigate the size of your profit. Thus, choosing the right broker is essential. We have pointed out some of the top brokers in the financial arena. You can read reviews of each broker on the website www.fxreviews.best. The review will provide you with detailed information on leverage, minim deposit, trading platforms, trading features and indicators each firm offers. Compare and choose the one which suits you and your trading expectation. 

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