A Step by Step Guide to Choosing the Best Forex Broker |
The foreign exchange market has no central marketplace, which requires investors to trade with a forex brokerage. The largest financial market in the world offers traders thousands of options when choosing a broker. In our guide we discuss the main concerns that any trader should be aware of before choosing to open an account and trade. To help you make an informed decision we have listed our recommended brokers here, which compare, brokerage types, trading platforms, trade details, help and support. What should someone consider when choosing a broker? 1. What trading platforms does the broker offer? How reliable are they? 2. Is the firm a broker or dealer? What is the capitalization of the company? 3. Is the firm regulated? What license(s) do they have and from what countries were they issued? 4. Client support; is it available 24x5? By phone, chat and email? Is it reliable? 5. Commissions and fees; are there any additional costs a trader is required to pay? 6. What are the