Choosing the right trading platform
There’s no centralised regulated exchange for Forex, so it’s very much a case of ‘buyer beware’. That means you’ll need to do your research to ensure the safety of your online funds. There’s plenty of choice when it comes to choosing an online platform, but don’t assume that they’re all equal, and make sure you do your background research.
How long has the trading platform been operating?
It’s relatively easy to check up on the details of older and more established operations. You might need to spend more time examining newer trading platforms to see whether they match up. Ideally you’ll be on the lookout for an option with an excellent reputation – something that CAPEX has earned over the years.
What do the reviews say?
Read up on industry reviews to find out more about your preferred trading platform. It’s also helpful to see what other traders have to say – trends will soon emerge once you start scrolling through the comments, giving you valuable insights.
What level of support is available?
A simple and intuitive trading platform is one thing, but you should also make sure that there’s the right level of support available, particularly when you’re just starting out on your Forex journey. At CAPEX, we’ve completely got that covered! Our Academy is packed with tutorials, we’ve got a demo trading platform that you can practice trading on at first, and our site is packed with useful tools and learning resources, for example, if you want to learn how to trade Forex.
Conclusion – Is Forex legit?
So is Forex trading legit? We hope we’ve demonstrated that Forex trading is a reputable activity – provided that you make the right initial choices. There are plenty of Forex trading scams to watch out for, but with CAPEX on your side you’ll be better placed to avoid them.
Use our CAPEX Academy to advance your knowledge and understanding of the subject. You can read through all the articles and how-to guides, attend webinars, watch online videos and practise trading on the demo site to build up your skills. So what are you waiting for? Sign up now, and start your Forex journey right here!