How To Choose The Best Broker For You

Published on: 08 August 2018 Last Updated on: 08 August 2019

Choosing the right Forex broker can make a big difference in launching a successful investment career in the trillion-dollar forex market. However, choosing the best forex broker is no easy task given the overwhelming number of brokers all gunning for people’s money at any given time.

1. Types of Forex Brokers :

When it comes to online foreign exchange trading, an important consideration is opening a trading account with a reputable forex broker. There are three types of forex brokers ranked based on how they handle transactions and how they execute market orders.

No Dealing Brokers :

As the name implies, No Dealing Brokers lack a dealing desk and instead, strive to offer the best composite quotes from multiple forex quote providers. In this case, providers will post their best market prices that NDD forex broker will have to choose to execute transactions.

NDD brokers charge a commission or widen the bid-offer in order to make profits from trades entered by traders.

Market Makers :

A market maker is a type of forex broker that offers a two-sided customer market. In this case, the broker always ends up taking the other side of trade depending on the side that a forex trader has taken. In case a trader makes a buy, the broker is obliged to take the sell-side.

Electronic Communication Network :

An ECN forex broker provides a platform whereby forex traders from all walks of life regardless of skills congregate to place trades.

2. Features of a Reliable Forex Broker :

Regulatory Compliance :

In a sector where the number of international forex brokers can be overwhelming, scrutinizing regulatory compliance can be the only way of ending up with a reliable forex broker. Going through forex brokers reviews do not a sure way of ending up with a reputable broker as such reviews can be manipulated.

Highest rated forex brokers are always in compliance with the highest level of regulation depending on jurisdiction. For example in the U.S, regulated forex brokers are members of the National Futures Association and are registered by the U.S Commodity Futures Trading Commission as well as the Retail Foreign Exchange Dealer.

A flashy forex broker website cannot be used to rate a broker. Trading with a regulated broker is essential if one is to rest assured of the security of their deposits as well as the integrity when it comes to trade execution.

Trading Platform :

The best forex trading account is one that comes with a trading platform that is pleasing, easy to use and has a variety of indicators and tools for technical analysis. Legit forex trading companies offer trading platforms that have clear-cut buy and sell buttons. Some go the extra mile and provide panic buttons for closing all open positions at once.

Conversely, trading with a forex broker offering a poorly designed platform can lead to costly mistakes such as opening a trade when one intended to close or going short when one meant to go long.

Customer Service :

Highest rated forex traders come with a robust customer service team that is always on dial any time of day to address forex trader’s needs. When choosing a forex broker, it would be essential to give them a random call just to get an idea of the service they are likely to offer once an account is opened.

3. How to Identify a Good Broker :

A good forex trader is one that charges lowest transaction costs when opening and closing trades. Spread and commission charges can significantly eat into one returns if caution is not taken.

Legit forex trading companies allow people to deposit and withdraw funds hassle-free. Any broker that comes with restrictions on when one can withdraw or the amount of money one can withdrawal should be a big no.

Execution of trades is another aspect that one should always pay close attention to when selecting forex brokers. Under the normal market condition, a forex broker should allow trades to get filled, at or very close to the market price on the screen.

Going through forex broker reviews is of utmost importance prior to opening a forex trading account. Such reviews provide clear-cut information about the kind of forex trading service one is likely to experience based on other forex trader’s experience. In addition, trading with a regulated forex broker is a must.

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Your Ultimate Guide To Creating SMS Marketing Campaigns

Every marketer would tell you that there are reasons why text marketing continues to become a mainstay in marketing agencies. In fact, both conventional and modern companies highly rely on their efficacy when it comes to reaching out to their target audience. Because when you think about it, every person checks their text message inbox every time they receive a ping. Leveraging communication strategies like an effective SMS marketing campaign allows you to grow your brand more, target more audiences, and even build closer relationships with prospects. There are a lot of things that SMS marketing can help you with in terms of achieving business goals. But before you partake in this marketing tactic, it’s important to understand the concept behind this marketing practice. Use this guide to make successful SMS marketing campaigns. What Is SMS Marketing? It’s crucial to understand first the concept behind this old but gold marketing strategy. SMS marketing refers to a short message service you send to your customers to build relationships with them. It’s important for text marketers to communicate with their target audiences in a respectful and compliant manner. No matter what your business goals are, SMS marketing puts you one step ahead of achieving them. For instance, you can drive more leads, introduce new products, lead them to check your website, and so on. The ideas that you can do with this marketing method are limitless. Compared to email or push notification marketing, SMS marketing has several advantages. For instance, every person who receives an incoming message in their phone inbox will surely take the time to check and read them one by one. While some people might check their emails at least once a day regarding text message inboxes, people often check them as soon as they receive a message. Your message can be concise and clear with SMS marketing. There’s no need for lengthy advertising messages. With brief sentences that can take up less than 160 characters of the SMS limit, you can already deliver what you want to say to your prospects. Choosing The Right SMS Marketing Tool Now, it’s time to understand the tool to use for this marketing strategy. With the advent of technology, there is now text marketing software at your disposal. For one, you can take advantage of Drop Cowboy Ringless Voicemail service and some other brands that offer reliable text messaging as marketing services. Text message delivery depends on the tools and services you choose. Such software comes with pricing plans that fit your marketing budget and goals. Unlike any other conventional marketing promotions like print ads, TV ads, and billboards, this marketing campaign is priced reasonably better. Also, consider partnering with the best SMS marketing service provider to automate your text messages to your target recipients. How To Maximize On SMS Marketing Campaigns As mentioned, a high percentage of people open text messages every time they receive one. By sending promotional messages via SMS, you ensure your customers will read them because they will arrive directly in their inboxes. Check out these ideas in which you can maximize your SMS marketing campaigns. 1. Limited-Time Promotions You can use an SMS marketing strategy to encourage your customers to avail of coupons and discounts or even redeem incentives or gifts. Offering these incentives for a limited time makes them even more effective. Announcing that the campaign only runs on a promo period is an effective call-to-action strategy so your customers won’t miss out on such opportunities. It’s one effective strategy to get your business to high ranks. Considering SMS marketing's high open rate, it’s the most effective way to communicate time-sensitive offers with customers. As a result, you ensure your customers don't pass up a good deal. This yield win-win situations for both the customers and your brand. They get discounted rates, and you could convert your sales funnel more effectively. 2. Reminding Customers One good purpose for SMS marketing is when you could send notifications regarding the recent actions of your customers. For instance, whether they checked your website, changed passwords, or linked different payment modes, an SMS notification will be sent to inform them that the activity is successful. Sending notification messages is essential for many businesses, and they’ve realized how effective it is in retaining customers. By relaying notifications about their recent purchase or online activities, the customers will grow their trust in your brand. It could lead to continuous patronage. Also, they will feel at ease by getting reminders of how your brand is already dealing with their orders or purchases. Receiving reminders is valuable, especially for customers who are always busy with other things and obligations. Make sure your brand is always at the top of your customer's minds. It’s a job that SMS is best suited for. With SMS marketing, you can remind your customers about everything from their most recently liked products to the purchased ones that are going to arrive soon. 3. Order Updates And Confirmation An SMS is also useful for customers to receive updates regarding their orders. Once they make a purchase, a message will be sent regarding the successful transaction. It ensures peace of mind for the customer. Also, the confirmation messages sent via SMS will allow them to use them as proof or evidence regarding their purchase. If products don’t arrive as planned, they can refer to the SMS notification. 4. New Product Release And Launches SMS advertising is also useful for announcing new product releases. It’s the most cost-effective way for marketers to advertise new product launching. Without paying for the expensive talents of celebrities to promote new products, a large number of users will discover your new product offering through the message they can read in their SMS inbox. Using this method will generate buzz and interest, and you could even entice old customers to come back and check out what's new. You can also use SMS campaigns to drive traffic to your website or storefront. Thus, you can simply include a link they can visit to check your new product or any offers. 5. Send Welcome Messages Send your customer a welcome message once they subscribe to your SMS marketing campaign. Companies must start building relationships with their customers. As a result, you will be able to communicate with them right away, as they will know they have been subscribed. It also alerts them to expect a few messages from your end every now and then. There’s no need for lengthy or complex welcome messages. Sometimes short but sweet thank you message about their subscription are already enough for your customers to remember your business. 6. Customer Service Tool SMS is not limited to being a marketing tool; it’s also a customer support tool. In this era where customer service should be at the forefront of any business, SMS strategy can be used to ensure customer satisfaction. It’s imperative that your work processes are as transparent as possible, and you can achieve this by constantly sending them SMS in case necessary. After all, a text message is the easiest way to communicate with pre-sale customers and post-sale tech support. 7. Collect Customer Feedback It’s essential for businesses to receive customer feedback to determine what they are doing well and what they need to improve. And it’s something that’s being offered with SMS marketing. You can send out surveys through SMS, and customers can answer them timely and convenient. There are many ways to create survey forms for them to easily fill out. The key is to attach the link to your SMS. Another option is to ask customers to rate you using a ranking system that’s easy for them to use. 8. Announce VIP Programs By offering a VIP program, you can encourage loyalty among your subscribers and customers. If you want to make your VIP customers feel special, offer them VIP-only discounts. This sense of exclusivity allows your customers to treat your brand with more respect and value. Also, use this program for customers to gain early access to sales and other promotions. One way for them to qualify for your VIP list is to encourage them to fill out a signup link. However, since it’s VIP, make it seems more challenging for them to enter this list. The harder it feels to qualify, the more special and valued they would feel. Tips To Apply Effective SMS Marketing Strategies Applying SMS marketing strategies require effective implementations. When done right, they can produce the best outcomes for your business. Here are some tips to apply effective SMS marketing strategies for your brand: 1. Ensure That Your Customers Opted In Your customers probably already provide you with their phone numbers. However, one common courtesy is to get their approval to start receiving SMS from your brand. Mass texting them without their consent is ethically wrong and will only lead to adverse effects on the customer. Ensure to get your customer’s clear opt-in before starting to send out text message campaigns. Your website or other online channels can allow customers to opt-in to receive text messages. However, you should get a text confirmation before you send them anything. There are ways to get their opt-in consent. One is to make them reply Yes or No to your single SMS regarding SMS subscription. Another way is through your website. They can press a CTA button regarding their receiving SMS messages from your brand. When the user clicks the link in the offer, they can fill out the subscription form and enter their number so they can start receiving your SMS campaigns. 2. Take Time To Introduce Yourself A good practice is to take the time to introduce your brand in any of your SMS campaigns. Chances are your customers don’t know where the messages are coming from. Failing to include your company name or brand name on the message will only forfeit its purpose. Hence, it’s important to include your company or brand name in that short message that you’re sending. 3. Make Messages Fun And Short It’s common for people to use SMS messages to communicate with friends and family informally. Texting should remain fun in your SMS campaign in the same way as a fun communication tool between people. Be friendly and personal with customers to build trust. Use local trending words that are popular with your target audience for the time being. It ensures to catch their interest and make them read your text message completely. The maximum number of characters in an SMS message is 160. With an opt-out option and the need to identify yourself, that's not much to work with. Don't waste any characters, and go straight to the point of what you want to say. 4. Don’t Forget To Use Target Keywords To encourage users to connect with you, you should select contextually relevant keywords alongside simple messages and shortcodes. Using such keywords will allow them to easily remember anything about your brand or company. If they want to research you online, they can use the same keywords found on your SMS. 5. Give An Option For Customers To Opt Out All marketing communications should follow these standards and rules. Much like getting their buy-in, you should also give them the option to opt out and unsubscribe from your SMS campaigns. You are more likely to lose customers if you constantly text them when they do not want to hear from you. Your messages should come with the unsubscribe option, so your customers can freely opt out anytime they want. There are some viable reasons for them to do this. But it doesn’t entirely mean that they won’t be good prospects for you in the future. It’s just that not everyone prefers to get this kind of information via text. SMS open rates tend to be much higher than those for email, so you should also expect a higher unsubscribe rate. After a message is sent, unsubscribes may spike and treat it as a normal occurrence. 6. Be More Informative Than Promotional You should be extremely considerate of your buyers' inboxes since promotional SMS messages can easily be turned off. Therefore, staying informative and interactive is best, and not focusing too much on sounding sales or promotional. A good rule of thumb is to focus most of your communication on order, whether a status update or a request for feedback. Schedule your promotional messages and send them at least only twice a week at a minimum. No one wants to keep receiving promotional messages that are obvious that they want to make money from you. Conclusion You can increase engagement with your target audience by using SMS marketing. Keeping your customers' attention is easier if you market to them where they are most active. Therefore, if your target audience is always in their phone’s SMS inbox, it’s worth considering SMS marketing as part of your marketing mix. Use this guide and wait for results to reflect your bottom line soon. Read Also: Calling Out – How Telemarketing Allows You to Reach a Wider Audience How To Move Your Career In Social Media Marketing Up A Gear? Best Marketing Strategies For Lawyers In Houston

Media Buying Solutions Help You Generate Organic Traffic

In terms of marketing, all the industries see traffic generation as a direct measure of progress. Putting it simply, the number of people visiting your website daily decides the total turnout and progress of your establishment. It is an important measure because it aids in estimating the conversion rates for any organization or business. Many people tend to illegal ways or con acts to improve their ranking in the search engines. They generate fake traffic to their websites and are ranked better. However, with advancements and accurate methods, this deception is recognized. Therefore, to generate organic traffic to websites and online platforms Eventige media buying solutions offer different strategies. Media Buying Solutions: Content marketing The most common and crucial requirement of marketing these days is unique content. Content is everything for a brand. It gives direction to your product. It determines your target market. And it helps attract the public to the brand. You may have found yourself visiting the brands that have a catchy name or phrase associated with the brand. This is in our instincts. Our basic emotions are manipulated by words. And the first of media buying solutions are optimizing these words to get the best in our interest. Unparalleled advertisements Apart from content, your promotion ad needs to be impeccable. Whether it's the visual content or the color scheme, it has to be so good that people get attracted to it. One thing that sets the market square is a brilliant advertisement. If your ad sends off a great message and is meaningful, it won't fail. But that is not the only ingredient it needs. It also needs to be in a certain tone and that tone must not be violent. For an online advertisement, you need to keep in mind that it spreads peace and optimism. People like to see and enjoy bright-sided things online. Idiosyncratic numbers For media buying, the numbers game is very important. An accurately estimated investment must be decided to buy a certain platform. One crucial factor in this regard is competitive analysis. You need to know what and how much your counter-part is willing to pay. Also, you must calculate is this is the right platform for you? And if you invest more than your adversary, will it be fruitful enough? In simpler terms, as a businessman, you need to know how desperate you and your competitors are plus how it will turn out. Then you can certainly make a decision. The ideal solution Conclusively, to get to a determined point, Eventide offers optimization in ideation, development, content, and visuals of an advertisement. Plus the professionals help you analyze which platform will be the most useful for you. Apart from all this, SEO optimization and email marketing are the accessory factors that help you ace it. Optimizing your website by inoculating different portals like online chat and easier interfaces play a great role in media transformations. Buying an ad on a media platform becomes a whole lot easier if you step in the field fully prepared. Read Also: How To SEO Optimize Wordpress Category And Tag Pages 8 Reasons Your SEO Campaigns Aren't Showing the Desired Results

Make Sure Your Product Hits the Market As Soon As Possible

If you have a product that you want to make and market, there are countless things that are surely on your mind. Be it supply, production, or marketing, it can be pretty overwhelming to keep track of everything. In most cases, the packaging comes last and at that point, people no longer have the energy and the will to innovate and experiment. That’s why most people work with box manufacture and design professionals. However, there is a way to optimize your packaging process and make sure that your product is available on the market as soon as possible. Here’s what you should do. Shape and Size Matter : Before you make a decision about what kind of packaging you need and want, you need to be clear about the size and the shape of your product. There are certain norms and traditions when packaging certain products. You can learn more about that here https://www.boxcoop.com/boxes-by-industry/. However, even if you don’t want to follow in the footsteps of others, there are still certain designs and shapes which are not suitable for certain product sizes and shapes. What’s more, even the weight and fragility of the product can be an issue that takes serious deliberations when picking the perfect packaging option. Choose the Right Material : Not only the design options are limited by your product, so are the materials you can use. For instance, it is really difficult to package fragile products in a thin, one-layer paperboard without risking breakage. Once again, there are some typical and traditional packaging options for various product types. For instance, high-end electronics are typically packaged in thick, highly compressed cardboard boxes, whereas food items tend to be safe enough in thin paperboard, and so on. However, if your product is not limited by such factors, it is entirely up to you what kind of material you choose. In that case, you can take other factors into account, including the price, the availability of printing options, and so on. Collaborate with Professionals : When choosing your partners, there are several factors which you need to take into account. Some people will give you fantastical prices and timelines which they are not very likely to uphold. Make sure that you only collaborate with people with good track records. You can do a lot of research online and find genuine and verified information about the company you want to do business with. The old maxim ‘if it’s too good to be true, it probably is’ makes perfect sense in this situation. Manufacturing anything costs money and takes time. Assess whether your proposed partners can actually deliver what they are promising. You can also ask for samples of their work to evaluate the quality of their work. Speak Your Mind : Once you have been given the preliminary packaging concept, it is time to give your opinion. There is plenty of time to make adjustments and change things that you don’t like before the sample is manufactured on a larger scale. The graphic designers from your packaging manufacturers will surely do as much as they can to reach a mutually agreeable option. However, once you approve the design, it is likely too late to change anything in the packaging design, at least for the first batch, so make sure you genuinely like it and want it to represent your product. Once your product is ready to hit the market, you should be confident that you have chosen the right packaging and the right design options. Read Also : How To Get Product Ideas For Your E-commerce Business 5 Steps On How To Market Your Business Using Social Media Get The Details On How Sferic Protect Can Benefit Your Business & Its Safety

How To Choose The Best Broker For You

1. Types of Forex Brokers :

No Dealing Brokers :

Market Makers :

Electronic Communication Network :

2. Features of a Reliable Forex Broker :

Regulatory Compliance :

Trading Platform :

Customer Service :

3. How to Identify a Good Broker :

Explore Some Interesting Marketing Trends for Your Business in 2018

5 Reasons to Use Magento for Your Next Ecommerce Website

Content Rally

Content Rally wrapped around an online publication where you can publish your own intellectuals. It is a publishing platform designed to make great stories by content creators. This is your era, your place to be online. So come forward share your views, thoughts and ideas via Content Rally.

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Your Ultimate Guide To Creating SMS Marketing Campaigns

Media Buying Solutions Help You Generate Organic Traffic

Make Sure Your Product Hits the Market As Soon As Possible

How To Choose The Best Broker For You

1. Types of Forex Brokers :

No Dealing Brokers :

Market Makers :

Electronic Communication Network :

2. Features of a Reliable Forex Broker :

Regulatory Compliance :

Trading Platform :

Customer Service :

3. How to Identify a Good Broker :

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Explore Some Interesting Marketing Trends for Your Business in 2018

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Content Rally wrapped around an online publication where you can publish your own intellectuals. It is a publishing platform designed to make great stories by content creators. This is your era, your place to be online. So come forward share your views, thoughts and ideas via Content Rally.

Leave a Reply

Popular

Follow Us

Recent

Related