Why Trade OTC Foreign Exchange with BYFX GLOBAL
Also known as off-exchange trading, OTC foreign exchange involves direct trades between 2 parties. It’s different from exchange trading in that it does not require control of an exchange. As an example of stock exchange, it is beneficial in that it provides better transparency levels; liquidity and aids keep the market prices. Using the OTC foreign exchange services offered by BYFX Global comes with many benefits.
Lower Deposit Requirements
BYFX global caters for both small and large-scale traders. Unlike other platforms that only cater for large-scale traders, BYFX global provides a room for traders of all calibers. With this platform, you can deposit and trade with as low as USD 100. It provides lot size starting from as low as 0.01. They offer a great range of payment methods like union pay, credit and debit cards, local bank deposits, and bank wire.
One-Stop Client Portal
We offer a well-customized customer portal with a one-stop service. Our client portal runs on a simple and easy-to-manage interface, which ensures even the least experienced trader can easily initiate and manage their trades. What’s so amazing about our platform is that you get a one-stop portal from where you can manage all your funding and trading activities.
High Leverage Levels
BYFX global has an incredibly high leverage level for varied tradable instruments. Our EURUSD, GBPUSD and USDJPY ranges at an awesomely high range of 500:13. As for the leverage rate of other currency pairs, it ranges at 100:1. This clearly means that choosing to trade OTC foreign exchanges with our platforms guarantees you of better rates of success.
A Great Range of Currency Pairs
With our platform, you will have access to 21 spot FX currency pairs and up to two spot bullions. This clearly means regardless of your jurisdiction and currency trading preferences, BYFX global is the ideal foreign exchange trading software for you. We don’t limit to you to certain currency pairs so you can trade as with many currency pairs as you wish.
Awesome Monthly Average Spreads
Trading with us gives you the opportunity to enjoy tighter and better USDJPY and EURUSD spreads. You are assured of higher URUSD monthly spreads of up to 0.3 USDs and a great range of currency pairs. Our average spot bullion monthly spreads are estimated at USD 28 with lot sizes ranging from 0.01 to 100:1.
If you have plans to start OTC foreign trading, it is crucial you select the best broker. You need to choose reputable and renowned trading platforms like https://www.byfx.com/en/spot-forex-and-bullion/ that promise to make your trading experiences a success. It is highly recommended you evaluate the reputation and accuracy of the platform to be sure it’s ideal for you. Make sure you check out if it’s licensed to operate in your jurisdiction to keep yourself off any legal problems that may arise. Signing up for BYFX global is extremely easy as all you need to do is to fill out your personal details, submit and wait for a congratulation message. You can always trading as soon as you create and deposit money into your account.