When looking for a broker, customer support is often the last thing on your mind. However, for those who are new to investing, this can be a lifeline. Although email is great for keeping a record of a conversation, it often has the lowest response rate. Thankfully, the lion’s share of platforms offer 24 hours customer support.
Offers Efficient Customer Support
Customer service is an essential part of choosing the best brokers in south africa. Because forex trading is time-sensitive, it’s important to work with a broker that offers efficient customer support. In addition to customer service, look for an active social media presence and user reviews. These are all indicators of a good broker.
Traders in Asia often pay 1.7 to 4% in commissions when they deposit through a credit card. This can be difficult to achieve 5% profits on a monthly basis. That’s why the best brokers in South Africa should support local payment methods. Some brokers even offer free payment through local banks. You’ll also want to look for a South African broker that supports different international payment methods. It’s important to use a regulated platform if you want to make sure your funds are safe.
If you’re new to the world of forex trading, you may be wondering: what is Oanda? This popular broker has been in the business for over 25 years, and their extensive selection of products and low fees have won them the trust of countless traders. Moreover, they’re regulated and considered a safe broker. This review will tell you what to expect from Oanda.
How To Create An Oanda Account
To get started with oanda forex, you need to create an account. It will take approximately 3 days for your account to be verified, but the good news is that there are no hidden fees or charges. You can use the desktop platform for free, and both the standard and premium accounts are available. It can be difficult to choose the best CFD broker among hundreds of options, but there are a few things you can look for. First, make sure your broker is regulated. Hundreds of brokers are competing for your deposit, and some might try to oversell you. Others may just be pushy marketers, but the latter are relatively rare. Make sure to check the regulators and major financial watchdogs. If there are problems, they can help mediate your case.
Oanda has low forex and CFD fees. Traders can choose between commission-only trading or commission-plus-core spread. They charge low fees and no withdrawal fees, and you’re allowed to trade in multiple currencies simultaneously. However, you must remember that you can lose a lot more than you invest. You’ll also need to pay interest if you’re holding a positive position overnight.
To Sum Up
Another great thing about Oanda is that it is easy to use. MetaTrader 4 is available for desktop and web, but they have their own proprietary version of the platform, called Oanda Trade Web. Both platforms are easy to use, and you can download them for free. If you’re a programmer, you’ll also find a Python or Javascript API available. The repositories for both platforms can be found on Github, so you can take a look there.
