The best way to predict the future is to create it. For traders, this means endless self-perfection, hard work and constant practice. However, these efforts alone are not enough to succeed in Forex trading. It is also vital to find a reliable broker.
There is a whole lot of broking companies. How to make the right choice? How to find a client-oriented company? What criteria to consider? FXOpen will try to answer these questions in this article.
Choosing Forex Broker
Obviously, this is a major task. Without a reliable broker, the trader’s skills become irrelevant. According to FXOpen, there are so many variables of success that depend on the broker.
Unfortunately, most mediocre traders do not want to go into detail. They buy catchy ads and sometimes fall prey to “dirty” dealing centers, which never give access to interbank liquidity and avoid settling accounts with successful traders. Such scammers make money on losing traders.
FXOpen warns that before choosing a broker, it is necessary to consider several factors:
1. How long has the company been in the industry? The longer, the better. If the company has managed to stay afloat after many years of existence, it means that its services are in demand and traders value them.
2. Is the company licensed by major financial regulators? If a broker is licensed by the FSA or any other major financial regulator, such a company definitely values its status and will never jeopardize it by playing some dirty tricks on them.
3. Client feedback.
4. International awards. The bigger amount of prestigious awards a certain trading company wins, the more people trust the broker.
5. Trading conditions. Spreads, re-quotes, execution of orders, direct access to interbank liquidity.
6. Innovative products.
It should be noted that FXOpen meets all the requirements. Denis Peganov, a representative of FXOpen, say that the company is trusted by thousands of traders around the globe. FXOpen tries to follow Larry Page’s advice: Always give more than they expect.
FXOpen: Reliability Multiplied By Innovation
Comfort, efficiency, reliability, innovation. These are some of the many advantages offered by FXOpen. This can be confirmed by thousand of traders from around the globe who keep enjoying their cooperation with the broking company.
By the way, FXOpen reduced the minimal deposit from $1000 down to $500 for those who want to open an ECN account. You still have time to make use of this promo as it will end on Jan 1st, 2013.
According to Larry Page, when you want to expand your business it is necessary to come up with new ideas. In this aspect, FXOpen is constantly focused on innovation and is planning to please its clients with new solutions in the near future, including more favorable trading conditions.
It was FXOpen that managed to revolutionize the Forex industry by introducing the first ECN-based MetaТrader 4. The company also introduced micro accounts with nearly instant execution of orders and allowed investing in PAMM accounts through this trading platform.
In 2009, by introducing МТ4 ECN, FXOpen became the first Forex broking company to let their clients access genuine interbank liquidity via MetaТrader 4.
Moreover, FXOpen did surprise the entire trading community by letting ECN traders open really small trades like 0,1 lots!
There is so much more to offer! For more details, you can visit the company’s official website - http://www.fxopen.com.
How to choose a reliable broker?
According to Eugene Olkhovsky, ’s leading expert in financial markets from Canada, today’s Forex industry offers a sea of broking companies. Yet, the difference between them can be huge. Obviously, every single trader wants to cooperate with a trusted reliable broker. However, more often than not, beginning traders don’t know how to choose a reliable brokers.
Well, first of all, it is necessary to consider the following factors:
· Licenses given by major regulators like the FSA.
· Experience (how long the company has been in the industry)
· Client feedback
· International awards
· Trading conditions
Moreover, you can make use of ’s rating of Forex brokers , which is unbiased because it is based on over 20 independent and objective criteria.
By the way, FXOpen is a TOP member of the rating introduced by . Therefore, having considered all the information mentioned above, we can conclude that FXOpen is a god option for any kind of traders who look for reliability, stability and favorable trading conditions.
