Quote:
Originally Posted by henryduncan12
There is lots of forex brokers and due to this it is very difficult to find out the best one. So, I am interested to know the ways to find a good broker. I am expecting experience member will assist me.
|
I'm far away of the term "experienced" member since that's my first post but,
the following ways are proven to be good, so:
1 - Check if the broker is regulated, I prefer FSA. If not regulated, then search for another one.
2 - Provided platform. The broker should provide very good custom platform, or MetaTrader4. MT4 for me is the easiest to use.
3 - Support quality. Open a demo account and call the support with some question that you know the answer of, see how quickly the support will handle you problem and how would they manage to explain to you how to solve it.
4 - Unlimited demo account. All brokers, or at least the one I've tried offer demo accounts but some of they are limited by time, you can trade for a month and then you will need to open live account. Personally I needed two months to train on a demo before actually figuring some things out and starting making some profit on a demo. You must know that no matter how hard you try, demo and real account always are different. The feel is just not the same when you are risking real money.
5 - Finally, check for bonus for new live account. You need the most amount of cash when starting to trade live.
Linear Mode
