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Brokers like XTrade have seen immense growth and an increased following on social media like the XTrade LinkedIn page.
The growth in the online currency trading field is partly due to the rate at which internet access has spread and internet speeds have increased. As the World Wide Web celebrates its 25th birthday, internet access levels are at a record high and are growing exponentially.
Internet growth is a great equalizer, putting people all over the globe on an equal playing field. Take Africa, for example. According to researchers at TeleGeography, "African Internet bandwidth grew 41% between 2014 and 2015, and 51% compounded annually over the last five years, to reach 2.9Tbps." Internet speeds in Africa are rapidly increasing, meaning that someone in rural Africa with an internet connection can trade in the same way that someone in the United States can.
As internet access spreads and mobile devices keep us connected to the internet 24 hours a day, traders' access to markets has also grown, giving them the ability to trade at their leisure. It doesn't matter if you are a professional trader or an amateur that trades forex to make a little bit of money, you should still stay on top of the most recent trends in the industry. This means using the most up-to-date platform and broker to ensure you are getting the most out of your investments.
Online trading platforms like XTrade offer lots of features to traders that are looking to leverage their investments and make money by trading foreign currencies online.
What The Platforms Offer
There are so many forex platforms to choose from, so how do you know which is the best for you? The only way to truly determine the best platform for you and your trading style is to do a little research and see what each offers.
XTrade, for example, offers a number of different services to its traders via its platform, making it one of the industry leaders. The company gives its traders an advantage by enabling leverage of up to 400:1 for forex trades and by providing in depth technical analysis tools that allow traders to follow market trends and changes.
One of the best features offered by the company is its customer service. Bilingual customer service reps are available to help traders in their native language and can be contacted via email, chat, or via a phone call. Similarly, the platform is constantly being upgraded and improved in order to offer the best level of services to traders.
Overall, if you have an internet connection, then you have the ability to trade foreign currencies online and potentially make money. If you are contemplating getting involved with forex, then look into the different brokers that exist on the web in order to make an educated decision about which platform is best for you and your needs.
