subject: READ THIS BEFORE CHOOSING A FOREX BROKER [print this page] Before you choose a broker online, one congent decision to take is to know how well your broker would operate and how the operation would positively affect your forex trading. A negative operation can also make trading really tiresome for you as everything would seem not to be working well for you.
We have seen the introduction of different brokers these days and they seem to continue to increase. These brokers are so eager to get clients and they would go any extent to get these clients even by promising you what they cannot provide you with. Remember that not all brokers are genuine so before choosing you have to do a little review of them.You need to be sure of your broker so you do not loose your funds or capital.
From the history of foreign exchange also known as forex, we have seen many loose their money not based on their misadmanagement but based on the trickish way brokers deal with their clients through several requotes during trades and all sorts of tricks.To classify your broker as the best, you need to consider the following
Customer Support
The very first step to take is to verify or test their customer support. Notice how quick they respond to you when you talk of depositing money with them and see if it is the same time interval as they respond to you when you talk of withdrawal.Some brokers hate the term "withdrawal" but would give you a great smile when you talk of depositing with them . They might even start bugging you with phone calls. Now that is a smart marketing strategy.Above all, you need to be able to make contacts with broker at any given time and on any give issue.
Reliability
You must have gone through reviews to see if there are bad comments about your choice broker before you register with them.You must be sure their platform runs well without signs of requote orders or errors on their part. These could really affect your trading especially when trading fundamentals.You would also need a broker that can make you withdraw funds almost instantly from your account through electronic transfer or lesser time through bank wire and the others.
Platform
Complexity is another issue you have to tackle. You need to have a broker that has as easy to use platform. You can start with forex brokersthat provides you with a very nice platform like metatrader 4 or meta trader5 platform. There are some other platforms that are good aside those mentioned above.
Resources
You would also need to confirm if the broker would provide you with extra resources or tools for you to use.
