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Choosing a broker for trading on Forex.

I often ask and the party people, and our fund clients, according to what parameters and criteria should choose a broker for forex trading. Many of them are lost in a huge list dillingovyh centers and can not choose for themselves the right broker to whom he could operate without problems, without detracting from the trading in financial markets.

As - as to choose the right broker? At that first of all pay attention?

Below is a list of the main criteria on which, in my opinion, first of all you should pay attention to when choosing a broker.


1) Reliability. This criterion includes such parameters as the license for brokerage activity, the duration of the work on the brokerage market, the availability of Positive feedback from clients, which can be read on a variety of independent forums. Also, a trader needs to know through any market maker broker brings money to the international currency market Forex (if they generally displays, although now it is extremely rare). This should be a serious organization with an excellent reputation.

2) Legal clarity. Every company is seriously engaged in brokerage services, there must be a legal contract, which should be spelled out all the nuances of the trader. It should be clearly spelled out the rules for resolving disputes, the rights and obligations of the parties, the rules the broker and the client. This agreement can often help to settle many disputes traders and brokers on a routine basis, without going to court. In addition, availability of public access such a document indicates that a fair and open the company's work with clients. Serious institutional clients obrasschayutsya advice from lawyers specializing in such topics.

3) insurance funds. In major companies, have long engaged in brokerage services, means customers must be insured with an insurance company. If your funds in the brokerage account is insured - you get them in any way that would not happen with a broker.

4) terms and conditions. This item includes such parameters as the value of a spread trader on the necessary pairs, the size of the shoulder, the size of minimum deposit. Broker who offers the most advantageous trading conditions being equal parameters, there will always be a favorite among traders.

5) Competent staff. Do not hesitate to call his future broker and ask any questions you have. Dialogue with staff will allow the broker to assess literacy personnel broker - if you do not get clear answers to their questions, it is better with the broker does not work.

6) Rules of the account opening and work with a broker. Advance should know whether a broker electronic money, requires a copy of your passport when opening an account or other documents, whether you want to sign the documents personally, or rather open an account online broker. This knowledge will allow you to protect yourself of surprises in working with the broker in advance to plan their work and open an account.

This is perhaps the main points that you should pay attention when choosing a broker. It is better to choose a broker to make his short list with the given parameters and evaluate the favorite of brokers with these parameters, For example, on a five-point system. Thus, you will have its own independent ranking of brokers, where you can choose the best one for you dealing center. The network is already fully compiled the ratings, though to them should be treated with healthy skepticism.