Friday 20 December 2013

How to choose the right Forex broker

1-The first question you have to ask yourself is: is the broker I want to use Regulated ? There
must be no doubt about this first point. All regulated brokers must submit financial reports to
regulatory authorities, and when they fail to do it,authorities have the right to fine them or
terminate their membership.
2-This point refers to the features of the trading platform and the trading conditions with the
chosen broker. Among st the most important factors are:
Spread - Obviously the smaller the spread on currency pairs the better the conditions are for
investors and traders.
Platform execution - Trading execution refers to how fast and consistent are the execution of
trades. Some brokers guarantee fast and  transparent executions during normal market
conditions.
3-Fractional trading - Some brokers allow investors and traders to trade on a fractional basis,
instead of trading full lots "100,000 units" or "300,000 units", they allow you to trade "173,345
units" or "335,911 units". This is very helpful for trades risking certain percentage of their
balance on each trade.
4-Safety of funds.

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