Part of the RBS Group which operates in the UK, Europe, the Americas and Asia Pacific, MarketIndex offers a low cost Forex brokerage for traders of all levels. Using RBS as a market maker, traders won’t have to go through an intermediary broker because all deals are conducted directly through MarketIndex.com’s system.
One of the most important things to note is that US traders are not permitted at MarketIndex.
MarketIndex.rbs.com’s Special FX:
The development of a trader is something that MarketIndex takes seriously which is why it runs regular seminars and workshops. Giving novice investors a basic skill set from which to build a complete FX trading arsenal, these tailored courses outline both the basics of the currency market and the site’s toolbox.
All successful traders use a selection of tools to aid their decision-making process, such as indicators, trend analysers and statistical charts, all of which are available at MarketIndex. Understanding the flow of the market is essential in Forex trading and MarketIndex offers multiple trend lines, including: vertical and horizontal trend lines, spread lines, magnetic trend lines and pivot trend lines.
Beyond the minute details helping separate MarketIndex from the Forex pack, the backing of the RBS Group is something that can’t be overlooked. Known as one of the largest banking institutions in the world gives this broker a reputation that few others can achieve. Beyond financial security and peace of mind, investing with a reputable broker company means you’ll be able to obtain the best trading prices possible.
As part of MarketIndex.rbs.com’s online package you’ll be given a range of options through their trading platform. In addition to access to more than 25 currency pairs, MarketIndex’s platform contains a range of customisable orders, such as take profit and stop loss orders, which make it easy to manage every trade.
Novice traders can hone their skills courtesy of a demo account that’s loaded with £100,000 in virtual currency. Offering all the functionality of a real money account, beginners will be able to understand the nuances of leverage, spreads and trading with margins.
After graduating from a practice account the standard account at MarketIndex offers variable spreads starting from 1 pip on accounts with a minimum account size of $1. Trading positions start from 0.01 lots and currencies are counted to four and five digits past the comma.
On top of this traders can access their accounts on the move thanks to mobile and browser-based platforms.