The Forex Market Starts With The Traders Union

Forex is a world of almost unlimited financial possibilities. It is a world wherein you can make the rifle, gain financial independence, and eventually become at least a respected teacher or a successful manager.

However, there is a great distance between being a novice trader and a professional trader-analyst. Some give up along the way; some understand that the Forex is “not their thing”; and some stubbornly step-by-step overcome all learning and trading challenges, and eventually become a Forex trading guru.

How to start your professional journey on Forex?

Trading on Forex is impossible without an intermediary (i.e., a broker) who forwards the trader’s transactions to the international market. A broker is that intermediary. So, trading begins with selecting a reliable broker. It takes days to analyze the trading conditions of each broker and to get acquainted with the reviews (sometimes very subjective) on various brokers. But you do not need to waste so much time because the Traders Union and its expert analysts have already done that for you. Our seasoned masters of Forex collect the most complete information and reviews on the best and most popular brokers.

For over 10 years, our experts have analyzed and synthesized all available information for over 150 of the top brokers and integrated the reviews and the objective feedback from actual clients of each broker. So, you don’t need to review dozens of brokerage sites because the Traders Union will help you to make your best decision. The TU analysts also monitor the work and conditions of all brokers and compare them each month by using TU’s proprietary 120-point objective criteria to assess their market performance, site conditions, and reliability.

Our site contains interactive tools that allow you to compare any broker(s) using multiple parameters that you can choose from just by clicking a box. And it’s featured prominently on the Traders Union website. Also, each month our experts create a fresh List of Top Forex Brokers  that prioritizes the most popular brokers by their most recent trading conditions, trading assets, and user reviews, all of which are objectively scrutinized and fed through our 100% objective methodology.

And the Traders Union is an educational portal where you can find daily market reviews, Forex news, indicators, and strategies with practical examples. It also has a social component where you can interact and communicate with like-minded people at the forum. And it's all FREE!

The Traders Union is essential for novice traders

The Traders Union provides many services that help novice traders search, research, comprehend and become competent in developing trading strategies, analyzing trading conditions, and selecting their perfect broker. Plus, all of these services and premium features — and more! — are free. The Traders Union is also a rebate service that allows each trader to reduce trading costs on Forex transactions and sometimes even earn extra income for the development of their own affiliate network.

The trade cost compensation scheme (based on spreads) is based on the classic rebate (or cash-back) model. A trader makes a deal with a broker, the broker receives a spread (a commission for brokerage services), shares it with the Traders Union, and the Traders Union rebates part of it to the trader. Everyone wins:

• The trader receives a partial rebate based on the spread minus a tiny fee to Traders Union. It is 100% free for you to join the TU.
• Using this bonus-type method, the broker actively attracts new clients. The Traders Union is the largest trader community in the world, so brokers are interested in partnering with TU.

Important notice!

Compensation for spreads is awarded to all our affiliate traders regardless of the result (i.e., win or lose) of the trader’s transactions within the Forex market.

Calculating the rebate based on the broker’s spread 

Rebates differ depending on the broker’s terms and conditions, the type of account, and the trading instrument (i.e., currency, oil, metals, CFDs - contract for (price) differences, etc.). For example, assume these basic conditions: the payment to Traders Union for any asset is 80%; then the payment by the Traders Union to the trader will be 70% of the spread (with TU keeping the 10% as a tiny fee).

• The trader made transactions of 5 lots for the EUR/USD currency pair. The average spread is 2 pips (percentage in points).
• The cost of 1 pip for 1 full standard EUR/USD lot is calculated as follows: 0.0001x100,000 lot = $10. The trader's expenses on the spread were 10x2x5 = $100.
• The Traders Union receives a payment from the broker in the amount of 100x0.7 = $70.
• The trader is compensated for the spread in the amount of 70x0.8 = $56.

If a trader had worked with a broker without the help of the Traders Union, his costs would have been $100, but thanks to the Traders Union, the trader has decreased his costs by more than 50% to $44.

The below chart shows remunerations from Traders Union for 1 lot for the Top 5 companies on the TU Ratings List.

How to join the Traders Union 

Register for free to become a member of the Traders Union. This can be done both directly on the site and through many social networks. Registration takes less than 5 minutes. Link the Traders Union account to the broker's account after registration. Your rebates will be credited directly to your personal Traders Union account.

Important notice!

1. Technically, the model of automatic spread compensation is designed in such a way that compensation is possible only for brokerage accounts opened through the Traders Union affiliate links, i.e., using the Union's website. If you already have a valid account with a broker, then contact the Traders Union support service for help to get compensation for the spread. Otherwise, register with your selected broker directly through the Union. When you select a broker from the Traders Union Forex Broker Rating List, you can work with any number of brokers and rebates will be accrued to your personal account for all transactions, regardless of whether the transaction was a win or loss.
2. Follow the affiliate link to the broker’s website. The link is indicated on the profile page of each broker on the Ratings List.
3. Open a real account and go through verification with your selected broker. (You can select as many brokers as you wish.)
4. Indicate the number of the opened real account in the "Accounts" tab on your Traders Union personal account.
5. Deposit money to a broker's account and start making transactions.

The compensation frequency may be different for each broker you choose. Therefore, rebates may accrue for each closed trading day based on the terms and conditions of each brokerage firm. A monthly rebate is possible. You can withdraw money through electronic payment systems or transfer them to your broker’s trading account.

Traders Union’s support service is ready to answer your questions quickly, professionally, and competently! You can contact TU’s support service by phone, email, or with the feedback form.

Traders Union’s legal services protect investors for free

Membership in the Traders Union is beneficial to both active and passive investors. After all, the Traders Union is not only a rebate and analytics service but it also provides comprehensive legal support for traders in any Forex matter 100% free of charge. The Traders union has its own legal department. It is ready to defend the interests of members of the Union in controversial or conflict situations between an associated trader and its broker. It does so by acting as an arbiter. The Traders Union strives to objectively understand the crux of the dispute and works to find a fair solution that satisfies both parties.

Big investors prefer working with brokers through the Traders Union, as they understand that the Union is an amalgamation of hundreds of thousands of traders and brokers. As such, it is much easier for the Union to represent and to protect the interest of a single trader than for the trader to assert or defend its rights by acting alone. An errant broker understands this also. Therefore, brokers are mindful that their reputation is very important when partnering with traders through the Traders Union. Indeed, for brokers, the Union is a platform that allows them to attract clients. Therefore, they are interested in avoiding and resolving conflicts with traders.

Each trader, working through the Traders Union, can bank on free legal assistance. Membership in the Union means investment protection for traders, increasing their profitability, the availability of free training and market information, and prompt technical assistance 24/7.

CONCLUSION:

You save time by choosing a partner from the Traders Union Forex Brokers Rating List. You do not need to analyze dozens of sites and reviews or compile comparative tables. All this has already been done for you by the highly qualified analysts and experts of Traders Union.

Brokerage companies from TU’s Top Ratings are the most popular brokers that have established themselves as reliable partners with optimal trading conditions for traders. Dozens of trained specialists work on the preparation of the Ratings List and the constant updating of information on it. Honesty and 100% objectivity guide TU’s proprietary approach to compiling the list. The Traders Union Rating List is unrivaled among ratings because the Traders Union is the largest community of traders that pays attention to all important aspects of a broker's work.

By becoming a Traders Union member, you get the opportunity to reduce trading costs and become a member of the professional Traders Club. That is why it is better to take your first steps in the Forex market by choosing a broker through the Traders Union. After all, Traders Union is a reliable assistant and is where the Forex begins!