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  1. #1
    forexk is offline Junior Member
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    Thumbs up How to Choose the Best Forex Broker?

    Right forex broker can play an important role in getting benefits from forex deal. Therefore it is very important that you choose your forex broker very carefully to get the maximum advantages from forex market. Following points can help you in choosing a right forex broker-

    Rating of brokers- verifies the qualification, quality and rating of broker. On the basis these factors you can judge the quality of services of a forex broker. You can take the help of various forex magazines and website in getting information about rating of a forex broker.

    Leverage- Leverage plays an important role in forex return. If a broker provide a big leverage, then the return can be high with a big risk of losing money. The low leverages are more cautious approach that provides you less return to your investment with minimum risk. Thus a forex trader should select a forex brokers on the basis of types of trading and leverage.

    Brokerís Commission- The next important steps in choosing a right forex brokers is commission charges of brokers. You can compare the commission charges of brokers and choose the best forex broker on the basis of low commission charges.

    Minimum Deposit Requirement
    Ė Many forex traders prefer that forex broker who offers minimum deposit requirement to open a live forex trading account.

    Lower Spreads
    - Always choose forex broker with lower spreads to save your money in future.

    Trading platform- Request a free trial of forex trading platform offered by forex brokers and compare between various trading platforms to choose the best.
    [URL="http://www.kingdomforex.com/"]Fx trading[/URL] |[URL="http://www.kingdomforex.com/"] Forex Brokers[/URL]

  2. #2
    jomorex is offline Junior Member
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    Yes .. wee have to select good broker before we start a trading especially with large amount. Simply I suggest a see from what public comments about the broker who will we choose it. You can get from any forum.
    [URL="http://jomorexen.blogspot.com/p/80-forex-rebate-plan.html"]
    [COLOR="Red"][SIZE="4"][B]Register account with our choice Broker to receive 80% Rebate Commission here[/B][/SIZE][/COLOR][/URL]

  3. #3
    won
    won is offline Banned
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    Default good

    Quote Originally Posted by forexk View Post
    Right forex broker can play an important role in getting benefits from forex deal. Therefore it is very important that you choose your forex broker very carefully to get the maximum advantages from forex market. Following points can help you in choosing a right forex broker-

    Rating of brokers- verifies the qualification, quality and rating of broker. On the basis these factors you can judge the quality of services of a forex broker. You can take the help of various forex magazines and website in getting information about rating of a forex broker.

    Leverage- Leverage plays an important role in forex return. If a broker provide a big leverage, then the return can be high with a big risk of losing money. The low leverages are more cautious approach that provides you less return to your investment with minimum risk. Thus a forex trader should select a forex brokers on the basis of types of trading and leverage.

    Brokerís Commission- The next important steps in choosing a right forex brokers is commission charges of brokers. You can compare the commission charges of brokers and choose the best forex broker on the basis of low commission charges.

    Minimum Deposit Requirement
    Ė Many forex traders prefer that forex broker who offers minimum deposit requirement to open a live forex trading account.

    Lower Spreads
    - Always choose forex broker with lower spreads to save your money in future.

    Trading platform- Request a free trial of forex trading platform offered by forex brokers and compare between various trading platforms to choose the best.
    Good list above. IF one should follow that list, i don't think we can choose wrongly. For a fact that was exactly what i used when choosing my broker, so many good options to choose from. But ended up with Profiforex and here is why in regards to your list: TRANSACTION COST: Profiforex offers their customers no hidden charges. No extra fee charged for swap. Just 0.3pips for transaction made. With low spreads on different bank quotation: profiforex has superbly fast execution. Filling you with the market and bank quotations as as possible. I think should really follow that list, is of great benefit.

  4. #4
    kaito kid is offline Banned
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    A lot of the reviews about the broker on the internet. ensure that new traders choose a broker that has a lot of positive testimonials, especially in terms of payments, speed of the server and the security of your money when the novice trader deposit. select a broker that has a high responsibility when bad things happen, do not choose a broker that makes complex requirements on money deposited when bad things happen

    I am very satisfied with FBS, when liberty reserve shut down. Only FBS have no restrictions for withdrawal! the funds are very safe.

  5. #5
    gaban is offline Banned
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    There is a lot of good brokers and the best broker is a broker that makes us comfortable when trading and provide security for our funds. Always try to give the best service for their client.

  6. #6
    fortin matthew is offline Junior Member
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    Choose a broker who offer you with less spreads and highest leverage who must be reliable and genuine. As broker is the important part of trading. I am currently trading with "SAXfx" they are offering with ZERO spreads and leverage of 1:500 with minimum deposits of $500 USD. So why dont you give it a try?...

  7. #7
    tyler scott is offline Junior Member
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    See whether the broker is regulated or not...they may be fake...there are so many brokers in the forex trading...if you are searching for good broker i would like to suggest you name that of "xDirect" because they have very good offer for there clients..and they are genuine and trustworthy.

  8. #8
    kaito kid is offline Banned
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    I think that a good broker is a broker who does not complicate the trader to withdraw money. such as the case of Liberty Reserve, where there are brokers who provide very troublesome regulations. wait 6 months and cutting 50% of the initial deposit

    http://www.instaforex.com/company_news/3333.html

  9. #9
    tyler scott is offline Junior Member
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    As I started my trade I had selected a broker but due to his less experience and knowledge I had been hitten with a big loss. Then I was thinking of stopping the trade but my friend told me of "SAXfx" and told me to just try it once. So I gave it a try and after that i had never seen any loss in my trade they are genuine,reliable and knowledgeable broker I had ever seen. They offer with 'zero' spreads and highest leverage i.e 1:600. Their minimum deposit is also low just $500. You guys must give it a try

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