IQoption top forex brokers.
The benefits of trading with a lower bid/ask spread distance are obvious, but here is the list of reasons to open an account with a low-spread brokerage company:
Pay less per trade. Although it is not always as simple as it sounds, sometimes, a low spread means smaller expenses for each position opened and closed. You are a big trader. Low-spread brokers usually charge commission, which becomes smaller depending on the cumulative monthly or quarterly volume of your trades. The more you trade, the smaller becomes the commission. High spreads would be a real drag on your profitability if you trade millions worth of currencies each day. By choosing a broker with lower spreads, you incentivize its competitors to reduce spreads , helping the retail FX industry to become a better place for all traders.
Forex trading bears intrinsic risks of loss. You must understand that Forex trading, while potentially profitable, can make you lose your money. Never trade with the money that you cannot afford to lose! Trading with leverage can wipe your account even faster.
CFDs are leveraged products and as such loses may be more than the initial invested capital. Trading in CFDs carry a high level of risk thus may not be appropriate for all investors.