Why Trading With Forex Bureaus Is The Best Idea
11 Aug, 2016 11:11 AM
There are many advantages of trading in a forex bureau rather than using other avenues to exchange currency, receiving or sending money. Here are reasons why many people prefer forex bureau.
• There are no Middlemen. This allows them to trade directly with the market responsible for the pricing on a particular currency pair.
• No commission is charged for clearing fees, exchange fees, government fees or brokerage fees. Most retail brokers are compensated for their services through something called the “bid/ask spread”.
• No fixed lot size because the lot or contract sizes are determined by the exchanges. In forex, you determine your own lot or position. This allows traders to participate with accounts having a small amount of money.
• They have lower transaction costs, retail transaction cost (the bid/ask spread) is typically less than 0.1% under normal market conditions. At larger dealers, the spread could be as low as 0.07%.
• The foreign exchange market is so huge and has so many participants that no single entity can control the market price for an extended period of time.
• Due to the massive size of Forex market, it's also extremely liquid. This means that under normal market conditions, with a click of a mouse, you can instantaneously buy and sell at will as there will usually be someone in the market willing to take the other side of your trade and thus you are never stuck in a trade.
For all your foreign exchange needs, come to Alpha Forex Bureau Ltd, the best Forex Bureau in Kenya and get sorted in all your foreign remittance, foreign draft, swift transfers, and facilitation of foreign trade activities, insurance premiums and foreign exchanges services.
Visit us at Empress Office Suites, Jalaram Road, Westlands or call us on 020 4451435
