Excuse me SeputarForex, I as a newbie want to ask and also ask for guidance in learning Forex;
1. What is the difference between the MetaTrader application and the trading application from Forex brokers?
2. Is MetaTrader just an application or also a broker? and if MetaTrader is also a broker, then which Forex broker is it affiliated with?
3. For newbies like me, is it better to learn demo trading through the MetaTrader application or through the application belonging to the brokers?
4. Can SeputarForex create a ranking of trusted brokers in Indonesia? whether it's the ease of transactions, deposit or withdrawal through Indonesian banking, or customer service - as a reference for me in choosing a broker later, if I feel ready to dive into real trading after learning from SeputarForex and from any other sources.
@Kurniawan: Okay, Mr. Kurniawan.
1. Metatrader application is of course different from a trading application from a forex broker that is specifically designed. Some brokers create their own applications specifically for their clients, but most use third-party platforms such as metatrader and ctrader. Examples of specially designed trading applications include Trading Station from FXCM and SaxoTraderGO from Saxo Bank.
The main difference between the metatrader application and a trading application created specifically by a broker lies in the interface (display).
2. No, metatrader is not a broker but an application created by the metaquotes company specifically for trading.
3. It is better to use the metatrader application because it has many users and is easier to understand.
4. We have provided a special page for reviewing popular brokers in Indonesia on the broker review page. In this broker review page, we list withdrawal ratings, order execution, and payment methods.
For brokers that we recommend are brokers that have been regulated by internationally credible regulatory bodies, namely: CFTC, NFA, FCA, FSA, FINMA, MiFID, ASIC and FMA. Credible regulatory bodies are those that have been tested and internationally recognized, and provide strict sanctions to brokers if they are found to violate agreed terms. These regulatory bodies are also responsible for the security of client funds.
Hopefully this can help.