There are some points to check when choosing the broker. First of all, you need to explore reviews and if possible connect with traders that are already working with that broker. Secondly, check agreement and fees policy. And the last one, check how their support service works, as it's one of the best indicators of brokers reliability. I was always guided by these three points and never failed, so I think they work.
First of all I pay attention to the feedback and descriptions on the forums, after that I read the agreement and test the broker's platform for a demo, and the next stage is a deposit, a small test period and the subsequent withdrawal of funds, and if everything went without questions, then you are on top of it and you can build a further action plan and raise capital for more serious work.
candicesummer posted: When choosing a FOREX broker, you should always consider security, support, fees and regulations before you decide. So in order to find a regulated forex broker with a great reputation, consider these things: Where are the broker regulated FCA FSA CySEC FINRA CFTC ASIC How many years have they been in business? Have they survived bear markets, and big client losses? How much do they have in deposit guarantee? Are they holding you account deposit in a segregated bank? What support opportunities do they offer?
When you have answered these first questions, you can begin to compare spreads, fees, inactivity fees, charting software and anything else that might also be important for you as a trader. When you compare the best and regulated forex brokers you should consider: Spreads Trading fees Inactivity fees Account fees Charting software
yes good post there, i agree ...and agree that regulation is important but i have still had issues (delays with withdrawals as well as trade discrepancies) with a regulated broker, and not with unregulated. you get good and bad of both and we must not forget that.
Forex is a very complicated market. It needs more and more study to become a successful trader. You have to learn all the tools and techniques of forex. You also have knowledge about the latest information and news about forex.
Choosing a reliable broker is very essential, as it determines a lot with regards to your success as a trader. There are so many brokers out there, but it's iportant to first look at whether a broker is regulated or not. You should also consider the fees that are charged on transactions, and the reviews that other traders have concerning the broker
HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors.
Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance.
You could lose some or all of your initial investment. Do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading, and seek advice from an independent financial or tax advisor if you have any questions.
Any data and information is provided 'as is' solely for informational purposes, and is not intended for trading purposes or advice.
Past performance is not indicative of future results.