How to Choose the Best Online Broker?

sebking1986

Recruit
Messages
295
Check reviews such as the ones here and other reputable forums once you know what you are looking for in a broker. Then try then out on demo or with a small live account (that you can afford to lose).
 

pezz55

Sergeant
Messages
155
Things to look out for are the commission charges, the spread and reviews on reputable forums. Also, if you're new to trading I would look into brokers that offer any educational support & resources.
 

Felhamand

Recruit
Messages
3
Actually, you should comply with several rules in the process of choosing a broker I guess. It's kinda difficult and the main difficulty is to dedicate uncertain amount of time to the procces of choosing a suitable broker. Some traders don't want to do it and pick the very first broker they've found out. To my mind, it's very important to choose a proper broker, because brokr is a direc treflection of traders' success. If you have unproper broker, then you probably have much more chances to lose all your accumulations, that's how the psychology works. If you see that broker isn't interested in your success, then it's very sad for you.
 

HeavenLeighRob

Corporal
Messages
87
There are several things that I would check for. At first glance, I wouldn't consider a broker that doesn't have a transparent website that lists their costs, spreads, the minimum to open an account, deposit and withdrawal methods, and so on. If those things are missing, it's usually a sign that the broker has high costs and unfavorable terms. Easy to reach support is another. Personally like to see LiveChat available as it seems like brokers that only respond via email take way too long to reply.
 

TheNewbieTrader

Recruit
Messages
105
This site is great for broker reviews. Make sure that you do your research before you sign up and put your own money into it.
 
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