Choosing a fair and reliable broker is essential for successful Forex trading on live accounts. A broker is a financial mediator helping you to reach the interbank liquidity.
Apparently, the more reliable and beneficial your broker is, the more chances you have to succeed in Forex trading in the long run.
Still, the contemporary Forex industry has become extremely competitive. At this point, there are hundreds of broking companies and still counting. That is why most beginning traders have difficulty choosing a reliable broking company most of the time. They don’t know where to look and what criteria to consider. Luckily, there is a simple and efficient solution for all of them! It is called Masterforex-V Expo…
Masterforex-V Academy Expert's Opinion
According to Eugene Olkhovsky, Masterforex-V Academy’s leading expert in financial markets from Canada, when choosing a broking company, it is necessary to pay attention mainly on 2 criteria – trading conditions and reliability level.
Trading conditions include a number of factors, including the minimal deposit required, spreads, some extra commissions, some extra restrictions and conditions, trading platforms available, deposit/withdrawal options, the company’s jurisdiction and legal base, the conditions of the agreement, licenses, operational history, insurance etc.
Other Criteria
When choosing a reputable broking company, you should be calm and relaxed, without emotions. You should also do it on your own and gradually. First of all, it is necessary to limit the list of potential choices to several brokers with the best rating and client feedback, Mr. Olkhovsky says.
Dirty brokers will not get away with cheating and cases of non-payment. The thing is that students and members of Masterforex-V Academy revealed dozens of such cases and blacklisted them. You can check the blacklist for dirty and unreliable broker by going to the local forum for traders and investors. On top of that, you are strongly recommended to check multiple ratings of Forex brokers launched by Masterforex-V Academy within the scope of Masterforex-V Expo. The rating will give you up-to-date nd objective information about a certain broking company and its place in the contemporary Forex industry.
It is better to work with those brokers that support 2 types of order execution: market execution and instant execution. This will give you more flexibility.
And do not forget to check the broker you are going to sign up with for major licenses. Regulated brokers deserve much more trust than young and unregulated ones.
On top of that, Masterforex-V Academy has just published the fresh / upgraded rating of 25 most reputable Forex broker in the international industry. These are the brokers that deserve trust 100%.
