In ancient times before inventing currencies, people used to give away a good to get some other good in return. This was the basic idea behind the forex brokers. Here they will help the people in exchanging different currencies based on customer needs. These forex companies will exchange the currencies of one country to that of the other countries. They won’t give the exact amount or equivalent amount of the currencies. The equivalent amount they are providing will be considerably lesser than the actual currency price. Initially, the currency was exchanged by individuals who have the equivalent currency of one who needs that currency. But after world war II, officially many foreign exchange companies were established and the exchange of many has become a business. The top10best foreign exchange companies are IG, Saxo Bank, CMC Markets, Dukascopy, TD Ameritrade FX, City Index, FOREX.com, XTB, and FXCM. These companies have separate rates of currencies and are well-known worldwide as well as more trustable companies.
OCTAFX
OCTAFX is one of the most famous forex currency exchangers in the company in India. They have nearly 1M+ active accounts and have successfully made a trade of nearly 250M. They are exchanging currencies between 100 countries right now and it will be increasing rapidly. For the best service they are providing to their customers they have won more than 20 awarded. A person who wants to exchange has to create an account and then wants to put the amount in his activated amount to exchange money. Then the amount to be exchanged will be transferred to their wallet within a few hours. After that when one receives the amount he/she can directly transfer it to their local bank account. You cannot transfer the amount from one user to the other within OCTAFX. They also have a trading facility in their site for which the customer has to deposit the amount in his account. The amount one has to deposit is based on individuals’ interests. They also help people with lesser trading knowledge to make good money out of trading. They are helping their customers in trading without getting any special or extra amount from them. They also have a mobile application for easy access to their company. This application helps their traders to track their trading details efficiently from any place since they can be viewed on mobile. They right have only two supporting languages in their application namely English and Hindi. They also have a different strategy of giving gifts like T-shirts, power banks, watches, mobile phones, and laptops. By doing so many customers will easily get attracted to these gift articles and start to invest amounts in trading. The most important thing in trading is the higher the amount you invest in trading the higher you get back in trading. There is also a negative thing in trading that sometimes you may be subjected to heavy loss due to an unpredicted drop in trade curves. So trading is good for people who can control their expectations. Because if some want large returns and keep on investing money without proper knowledge, he will be losing all his assets.
