Whats Important

[angela.trninic]

Licensed and

Regulated

If the

company does not belong to a recognised authority do not trade with them.

Unlike some equity brokers, Forex brokers are usually tied to large banks or

lending institutions because of the large amounts of capital required (leverage

they need to provide). Also, Forex brokers should be registered with the

Futures Commission Merchant (FCM) and regulated by the Commodity Futures

Trading Commission (CFTCT) National Futures Association (NFA) there are many

other regulatory or licensed providers in various countries.

Bottom line:

Make sure your broker is backed by a reliable institution!(see: regulatory

bodies)

Liquidity

Try to find

out how big the company is, how long it has been operating, who is the money

behind the business and liquidity providers. You will have to research this

yourself, some people wish to remain anonymous within the industry, however,

the company should be registered legally and disclosure should be provided.