How to choose the foreign exchange broker that suits you？

[irenefernandes]

It is important to choose an authentic broker, because broker’s offerings are what matters the most in trading like tightest spreads, higher leverage, fast trade execution, bonus, withdrawals processing time & minimal slippage. You must read reviews for different brokers and then take a wise decision.

 

[HeavenLeighRob]

I like the no-commission setup with floating spreads. Of course, it takes some research to find a broker that offers low spreads with this type of pricing.

 

[Enayess]

Choosing a forex broker requires you first to figure out what type of investor you are and your goals in investing in currencies. Each broker that features forex investments has advantages and disadvantages. Some of the most important things to consider are regulation, the level of security provided by these companies and transaction fees. Security features varies from broker to broker. Some brokers have integrated security features like two-step authentication keep accounts safe from hackers. Pay attention to regulations, certifications and licenses. These brokers are considered to be trustworthy.

 

[Nasabayan]

Great tips, however, I would also add here the tip about legal information of the broker.
I mean that there is lots of scam on the forex markets despite the fact that the authorities try to make it more and more regulated. Official regulation is the key thing to notice. As for me, I never trust those brokers which are not regulated. As a rule, such brokers have better trading conditions and some of them can offer such low spreads that they look extremely suspicious to me.

 

[JimmyRozza]

I also consider the range of tradable assets, leverage offered, deposit method, ease of use and reviews.

 

[JoJozil]

I also consider the range of tradable assets, leverage offered, deposit method, ease of use and reviews.

Actually, traders should point out only the most important features for them. As you have said leverages, deposit methods and so on so forth. My friends once told me that everything he wants to get from a broker is a platform and no more. He was really indifferent to other features such a regulations, despite the fact that regulations and licenses must be checked in order not to face scammers.
I personally believe that every trader decides by himself/herself what to check and what feature are interested for him/her. However, I was really shocked by the words of my friends. I don't know whether he is so naive, or just frivolous.

 

[fxoday]

I also consider the range of tradable assets, leverage offered, deposit method, ease of use and reviews.

I think this thing is also an important case when a looking broker, with many tradable assets we can choose that likely more profitable, but about leverage usually, I like to use about 1:200, deposit method also become important matter, because if we don't get the option to a payment method that we have, it will become a problem.

 

[Avefe]

go for a broker with low spreads and fast execution if you are a day trader

 

[sebking1986]

I look for trading conditions that are agreeable and then test them out with a minimum amount to see how I get on with them.

 

[fxoday]

I look for trading conditions that are agreeable and then test them out with a minimum amount to see how I get on with them.

Yes, it's a good way to save investment, but sometimes brokers have minimum investment is too high, so stick with golden rules investing in a high-risk business, just spent money that affords to lose.