How to choose The right and correct broker?
Choosing the right and correct broker, gold Brokers, CFDS, and good stockbrokers, and we will give tips on how to choose it, because if you do not understand then you can also be eaten by the Web-Web review that is not true, as often happen to the layman in this Forex world that ultimately hurt him.
Here are the criteria for choosing a brokerage company
1. Broker Identity is Clear
A good forex broker has a clear track record, starting from when it was established, under what company, to where the office is located. A good forex broker should provide a complete communication medium, ranging from chat, email, telephone, to the office address
2. Watch Account Details
In addition to regulation, you also need to pay attention to the details of the trading account. Every Forex Broker, in general, has different conditions between one with the other. This condition needs to be noticed that your trading business can run smoothly.
- Commissions and spreads
- Initial Deposit
- Ease of depositing and withdrawal
3. Trading Platform used
The trading platform is the trader’s entrance to the market. Therefore you must ensure that the broker you choose should provide the best Forex trading platform for you. Also, make sure that the platform is easy to use.
4. Currency transacted
In the Forex business, there are many currency pairs or currency pairs that can be redeemed, either a major currency pair or a cross-currency pair.
Generally, the major currency pair is a currency pair that is more in demand.
Make sure the broker you choose to support your favorite currency pair, especially the major currency pairs is EUR/USD, GBP/USD, AUD/USD, USD/JPY, USD/CHF, USD/CAD, NZD/USD.
5. Services provided by Forex brokers
Just like any other business, the quality of service is important when you decide to choose an item or service. Similarly, when choosing a Forex Broker.
A good Forex Broker can even provide you with a live chat service that lasts 24 hours during a market no holiday.
Choose the right broke
Those are some things you need to keep in mind before choosing a Forex Broker. Looking at the importance of the role of Forex brokers in this business, it is also important for you to find the right Forex Broker.
The right and correct broker you choose and also the facilities provided by your Broker, the better your Forex business transactions will be.