Read The Full Article: Forex Broker Review - Things To Look For In An FX Broker
Forex Broker Review: Things To Look For In A Forex Broker
Finding the right Forex broker can be tough, sometimes it can be a tougher task than trading itself. When looking for a FX broker, there's so many things to consider. It's important to consider the country their based in, independent reviews from other traders, the minimum deposit the broker allows for, the type of platform the broker has etc.
Here's just a few things to start with when looking for the Forex broker you want to trade with:
Broker Reputation
We've all heard that it's important to look at a brokers reputation to make sure they're not "scamming" people, it sounds cliche. Well this is a legitimate concern. Every Forex broker is going to tell you "we have the best spreads, we have the best trading, you can make the most pips with us, great bonuses blah blah" but the truth is, there's a lot of brokers out there that will take your money & run.
Let me give you a quick example. One of the most popular FX brokers, with offices in many countries, pulls a simple trick that just a select few (one's that I personally would steer clear of) use to make some extra money from their traders (us), it's called a margin call...more info
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07-05-2010, 09:42 PM #1
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Forex Broker Review: Things To Look For In An FX Broker