to execution of orders. This befuddles new traders and leaves them feeling that the market or their brokers are out to get them and take their individual profits. Nevertheless, by having a regulatory agency involved, a certain amount of recourse exists for a brokers clients if the company files for bankruptcy or if other problems develop that put the return of your trading funds at risk. CySEC, FCA, fsca, ifsc, asic, FSA, FSB, MiFID, dfsa, SIA, BaFin, CMB, KNF, cftc, cima, iiro, MAS, SFC, NFA Reputation The third point to check out is the brokers reputation. Step 5: Checklist of features The following list presents many of the more desirable features and services offered by forex brokers. If you invest with a bad broker, you will lose your money! Due to the popularity of forex trading over the past decade, hundreds, if not thousands, of new forex brokers have flooded the market, all seeking your patronage. In order to sort out the strong brokers from the weak, and the reputable ones from those with shady dealings, we must go through a series of steps before depositing a large amount of capital with a broker. We are based on various factors grading the Brokers credit such as votes of public and votes of our experts.
Some brokers support mobile trading. When you're looking to trade forex, it's important to identify brokers that are reliable and viable and to avoid the ones that are not. Go try their, free Demo Account, signup here. If there are, contact the user if possible and ask them about their experience. Conduct Broker Research to Protect Yourself. Brokers offer variable spreads which means that the spreads are subject to current market conditions. There have been reports of brokers arbitrarily moving"d rates to trigger stop orders when other brokers' rates have not moved to that price. Brokers that fail to answer questions or that put you on hold when you try to call in are best avoided. The broker should be well funded, or have a trusted owner or parent company. You should consider whether you can afford to take the high risk of losing your money.