while choosing a broker

[Sharmanie Jagarsar]

The retail forex market is so competitive that just thinking about having to sift through all the available brokers can give you a major headache. Choosing which forex broker to trade with can be a very overwhelming task especially if you don’t know what you should be looking for. This is very complex thing for a new trader when it is coming to matter about choosing a broker.

 The first and foremost characteristic that a good broker must have a high level of security. And a good broker will allow you to deposit funds and withdraw your earnings hassle-free. My broker trade-24.com also giving all kind of facilities which a trader can ever get in trading. They can give you more than you can imagine.

[L Moore]

The trading spreads is a big deal when choosing a broker. As a scalper I always have to depend on lowest trading spreads which is very supportive to scalp in a proper way. Now I am with LQDFX because of its 0 pips lowest trading spreads which is very supportive to make profit with certainly by using any kinds of trading strategies in particularly the scalping that brings profit in a short time.  So, my trading life is very much profitable.  

[bluemac]

It could be a good initiative if the traders should do some research before choosing any broker, it is my opinion as well as a request to all the new traders who are desprately looking for broker recommendations.

[Jeremy Fox]

Usually a broker that is regulated by a financial authority offers segregated funds, meaning the funds that are deposited by traders are not being used for other purposes. I deposited my investments in a segregated account provided by my forex broker which is AGEA. I am very happy for that I finally got a regulated financial broker which meet my expectations.

This is a huge risk as otherwise brokers are using incoming deposits to pay for other trader’s withdrawals or to cover other expenses and just like that the business starts to look like Ponzi scheme as these brokers are dependent on the incoming funds. But with regulated brokers, traders can focus on their trading without worrying if their funds are safe.