SuperForex Named 2021 Best ECN Forex Broker in Africa

The 2021 top industry picks from International Business Magazine are out. This year the publication selected SuperForex as the best ECN Forex broker in Africa.

The Award

Every year, the staff at International Business Magazine does a thorough examination of the companies currently shaping the world of business and finance.

Through a rigorous screening process they select and award the brands that stand out the most in each field. When it comes to Forex brokers, this year the magazine chose SuperForex as the one with the best ECN trading services.

First in 2020 and 2021

This is not the first time SuperForex wins the title of best ECN broker in Africa. A similar publication, Global Brands Magazine, gave the same award to the broker last year.

In other words, SuperForex has been in the top spot when it comes to brokerage services in Africa for two years in a row.

SuperForex ECN Accounts: What Makes Them Special?

While ECN accounts might be a bit of a mystery to newbie traders, they are an industry standard and a favorite among pros. ECN technology circumvents intermediaries and connects traders with Liquidity Liquidity The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent Read this Term providers directly.

In essence, ECN accounts allow for much faster trading at the most current prices. This is why so many professional investors prefer trading using ECN accounts.

SuperForex has its own spin on ECN accounts by offering several different types that mirror standard trading accounts. For instance, they offer a budget-friendly mini ECN account, as well as swap-free and spread-free versions of the standard ECN service.

They also have a special ECN account for trading Cryptocurrencies Cryptocurrencies By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw Read this Term.

The broker pairs this variety of accounts with very low deposit requirements. Most of these accounts can be replenished with just $1. The ECN accounts by SuperForex are also compatible with bonuses, which can add significant padding to one’s trading balance.

The Bottom Line

The diverse and accessible ECN service SuperForex offers stands out. They offer the most flexible conditions among brokers in Africa, which explains why they were selected as the best ECN broker in the region this year.