About choosing a broker

[Frau Mayer]

Choosing a proper broker is an important issue for comfortable trading. And it's not easy as one has to consider lots of different aspects. First of all, I would recommend to pay attention to the year of the company's foundation and to dynamics of its development. If the company has been at the market for a considerable period of time it may serve as a sign of its financial stability, well-established business process, developed risk management system. And if the company regularly introduces new services or opens new branches it's also an encouraging signal for a trader. Of course, I don't mean that young companies provide bad services. There are lots of companies which has appeared within recent 5 years and develop successfully. Then I absolutely agree with most of you that regulation of the broker should be checked. I personally doubt the reliability of brokers registered in the offshore countries. Certainly the contract should be scrutinized thoroughly, esp. such sections of it as 'the contracting parties' & 'reipient of funds'. And at last I reckon one needs to check how a broker protects its clients' funds in case of unforseen events (e.g. bankruptcy). The segregation of clients' accounts from the company's ones is the best variant.

 

[Triantus Shango]

ECN vs STP

hi guys

i came across this very interesting info. i used to think that ECN = STP, but it would appear that that is not the case.

you can find out more here:

http://forexmagnates.com/finally-th...maker-stp-and-ecn-brokers-really-are-part-12/

http://forexmagnates.com/finally-th...maker-stp-and-ecn-brokers-really-are-part-22/

 

[ishan agarwal]

It's important to note that the choice of a broker ultimately depends on your individual needs, trading goals, and risk tolerance. Take the time to research and compare different brokers, and consider seeking recommendations from experienced traders or financial professionals.

 

[kabir anand]

When choosing a broker, it's important to consider factors such as regulation, fees, and customer support. Look for a broker that is regulated by a reputable authority and offers competitive fees and high-quality customer service.