The rating of Forex brokers is perhaps the most useful thing for all those who want to realize themselves in the field of exchange trading. If you are looking for opportunities to earn money on Forex, you probably already paid attention to the search for an intermediary broker, without which trading on the exchange is simply impossible, is not it?
Before making a desperate choice, you did get acquainted with the feedback on the activity of brokers on the Internet, right?
In this article, we will figure out what criteria you need to choose a reliable broker to avoid the basic mistakes of all newcomers, and list a number of rules that are leading in terms of forex trading, all over the world.
Since the dreams of millionth profits own the minds of thousands of people, brokerage firms become extremely numerous. Most of them are fraudsters.
The more time the company spent on the market, the more reliable it is. The industry of Forex trading entered the phase of its active development in 1997 – 1998, the most proven companies were born just in this period. However, there are also younger ones.
The time of existence of the firm allows us to weed out questionable candidates, but this does not narrow the scope to which very many brokers still fall.
The second criterion is the number of clients (the popularity of the firm) and their relation to the broker the credibility of the office.
Visit the office of your chosen company, find out the terms of trade. The first thing you need to pay attention to is a set of tools (trading instruments), the size of the trading leverage, the size of the spread, marginal requirements, the availability of commissions.
Find out how the funds are credited and withdrawn to the trading account. Many brokers offer to enroll and withdraw funds through banks or various electronic payment systems, such as Webmoney.