Andronn posted: Trust in a broker who has been on the market for more than 5-7 years, of course, more because there is confidence that such experience is earned on good terms
That is correct. A broker who has been in the market from quite a long time has genuine history which is required to check the worthiness of the broker. A trader can know more via reviews, news, ranking etc. of that particular broker.
The first and most important thing we should check is the regulation of brokers. Also, before choosing any broker for making investment be knowledgeable about various fees charged to get the services offered by that particular broker.
A good broker has no restriction for trading condition, are regulated, and have good customer support that helps the trader to resolve the problem. a good broker has registered trademark company with logo R behind the brane name.
I think one sign that you're looking at a good broker is evident if they have a transparent website. You should be able to learn all about their account types, available leverage and what assets they offer for trading, how much their minimum deposit is, the cost of fees for withdrawing, commissions, and spreads, how long it takes to withdraw money, methods that can be used for funding, terms & conditions surrounding bonuses, and so on. If you can't find it on their site, they are likely hiding somethin. You should also try to contact their customer support team because some brokers claim to offer LiveChat but it just turns out to be a bot that can only handle basic issues or nobody is ever online. Lastly, online reviews can help point out any red flags.
Try comparing Forex brokers for reliability and Terms of cooperation first. When trading on the Forex market, traders need to research, analyze, and compare brokers but this is time-consuming and difficult. When you are just starting, you may be unsure of what to look for. you can try leverage, minimum deposit, and spread as well as other factors you need to take into consideration as a trader when choosing your broker.
When traders already finding a good broker and them comfortable working with the broker hence usually will stick to using trading service, the good brokers also have good customers support for complaining when traders face the problem, and they get assistance to resolve the problem, but before choosing the broker usually trader will make research, about regulation, reviews, and learning from experience fellow trader, forum community is a great place to share and ask something
While choosing a forex broker, I look for their deposit requirements, trading cost and also funding methods. Leaning towards crypto forex brokers like finprotrading these days, btc deposits/withdrawals are a bliss!
Brokers work as an intermediary between market and traders. A scam broker will turn your life into a hell. So, avoid scam brokers and go for a regulated broker which provides high security of your fund. Security is a major issue when you have a large amount of capital. So, select your broker carefully and save your fund.
To be honest, we can never decide what is right or wrong as it all comes down to what you want from a broker, is it good spreads, commission, or a solid platform? For me personally, i wanted a broker with whom i can trade at the lowest cost possible and thus with fxview, have low commission ($2 rt). So know your requirements first and the decide on a broker.
AVERTISSEMENT SUR LE RISQUE ÉLEVÉ : Le trading de devises comporte un niveau de risque élevé qui peut ne pas convenir à tous les investisseurs.
Leffet de levier crée un risque supplémentaire et une exposition aux pertes. Avant de décider de négocier des devises, examinez attentivement vos objectifs dinvestissement, votre niveau dexpérience et votre tolérance au risque.
Vous pourriez perdre une partie ou la totalité de votre investissement initial. Ninvestissez pas largent que vous ne pouvez pas vous permettre de perdre. Renseignez-vous sur les risques associés au trading de devises et demandez conseil à un conseiller financier ou fiscal indépendant si vous avez des questions.
Toutes les données et informations sont fournies "en létat", uniquement à titre dinformation, et ne sont pas destinées à des fins de trading ou de recommandation.
Les performances passées ne sont pas indicatives des résultats futurs.