Our assessments include only the best and highest reputation brokerage forex (forex brokers). The choice of the broker can be confusing especially for inexperienced investors. Our assessments focus on what really matters to investors; the minimum size of the account, which offered lever which platform the broker uses and more.

Finding the best forex broker

Forex brokerage is one of the newest areas in the financial services area. It offers many untapped opportunities for entrepreneurs investors but, of course, comes with some problems. There is no magic to make any thorough research for you; it is clear that a period of research and study is needed. To ease your burden and help you in your task, here we offer a list of what to look for in your forex broker.

Regulatory and Safety

Our number one concern is, of course, the safety of their deposits and the honesty of your broker. Fail this first step and the sad reality is that no success will prevent his career to become a miserable frustration. Fortunately, the guidelines to be followed in seeking a safe broker are simple and straightforward.

The company is regulated by government authorities? Second, the company implements technology state of the art equipment to ensure the safety of your personal information and your account details and prevent unauthorized access?

Commissions and spreads

The lower they are, the better. Spreads low and fixed is what you look for in forex brokers. In general, paying anything above 3 pips on EURUSD pair is not a good idea and there are some firms offering spreads of even a single pip in this most liquid pair.

Initial deposit

The initial deposit required for your account to be low. But the benefit of a low initial deposit will depend on other factors such as minimum lot size, leverage and margin requirements. A mini account that requires lots of $ 10,000 can not be operated effectively with an initial deposit of $ 50. You need some operating margin where market fluctuations can be absorbed.

Leverage and margin requisites

Keep low lever. Try to choose a broker that offers the lowest possible levers in the first stage. But it is also possible to artificially keep their lower lever than the lowest level offered by using only a part of the bill. If you have $ 1,000 deposited with a broker that requires a minimum leverage of 100: 1, you can keep your leverage as low as 10: 1 operating a mini lot ($ 10,000) with your account.

Platform and Operating Software

Much can be said about a good trading platform depending on your investment style and risk tolerance. In general, the platform should present a comfortable interface with a soft color scheme and the more customization options, the better. To test the software in the early stages of operation, open a demo account to have a good experience of what is offered by the broker.