Which factors should you take into consideration when choosing a Forex Broker to trade with?
Here are some key factors to keep in mind when choosing the best Forex broker for you.
1. Market presence of the forex broker
Businesses that have been around for a while are a good choice. You will find more reviews to help you make a decision. Reputation is often more important for older businesses. They are therefore more likely to offer excellent service and fulfill their responsibilities.
2. Permits
You should first check the licenses. If a mortgage broker isn’t licensed or follows regulatory compliance, your trading portfolio could be at risk. Independent government agencies regulate properly licensed brokers to protect traders and investors. Additionally, licensing can be expensive so only legitimate businesses should apply.
3. Register country
Although many sports brokers offer online services now, it is important to have a network of representatives offices in order to show your commitment to the brokerage industry. Registering in a country that has strict financial protection regulations means your assets are safe.
- RoboForex
- Admiral Markets
- Tickmill
- FxPro
- Forex4you
- Evotrade
- EXNESS Group
- eToro
- Interactive brokers
- TD Ameritrade’s Thinkorswim.
Which factors should you take into consideration when choosing a Forex Broker to trade with?
Here are some key factors to keep in mind when choosing the best Forex broker for you.
1. Market presence of the forex broker
Businesses that have been around for a while are a good choice. You will find more reviews to help you make a decision. Reputation is often more important for older businesses. They are therefore more likely to offer excellent service and fulfill their responsibilities.
2. Permits
You should first check the licenses. If a broker isn’t licensed or follows regulatory compliance, your trading portfolio could be at risk. Independent government agencies regulate properly licensed brokers to protect traders and investors. Additionally, licensing can be expensive so only legitimate businesses should apply.
3. Register country
Although many brokers offer online services now, it is important to have a network of representatives offices in order to show your commitment to the brokerage industry. Registering in a country that has strict financial protection regulations means your assets are safe.
4. The trading environment
Each brokerage platform is unique in its features and limitations. Consider which features are most important for you. Do you wish to leverage your margin account? Are you looking to make a small deposit? It is easy to deposit on the platform or withdraw. What is the broker’s commission rate? These are all important things to consider before you choose a venue.
5. Customer service quality
Forex market trading can be done 24 hours a days, seven days per week. The broker should therefore be available 24/7, seven days a săptămână. See what customers have to say. You can trust that your broker will resolve any issue with your account as quickly as possible.
6. Feedback from other traders
Review from traders may be more reliable than broker’s marketing language in assessing the quality of a forex broker. Evaluations also help determine the broker’s charge for providing the services they offer.
7. Position in the FX rankings by Traders Union
For judging the quality of Forex Broker, our review is invaluable. Each platform is evaluated using over 100 parameters. We also carefully analyze the user feedback.
How to get a trading rebate (cashback) Forex Broker?
The Traders Union gives you an advantage over the rest. Our customers receive a partial refund of the spread (or commissions) they paid for trading, regardless of whether or not the transaction was successful. You may be eligible to receive a full refund up to 100% of your space.
Is this possible?
Traders Union has agreements with many of the largest forex broker in the world and crypto exchanges. This allows it to receive partial spread reimbursements. Brokers use incentives to attract new customers and to encourage them to trade aggressively.
What should I do to get a refund?
* Join the Traders Union.
* Register an account with one of our business broker and deposit * In the “Accounts” section of your Traders Union personal area, enter your trading account number * Be rewarded for all trades
