TopAsiaFX – Here's a quick look at the features you need to look for in order to make sense of choosing a regulated broker.
-law: The most important thing to consider before choosing a broker is how and if your company is regulated. If the broker's business is located in the US, it must be regulated through the National Futures Association (NFA). It must also be registered as a Futures Commission Service Provider (FCM) with the Commodity Futures Purchase and Sales Charge (CFTC). This is a completely simple review. You can test a merchant's NFA club status and any disciplinary procedures on the NFA Professional website.
-expert internet site: "Show me the website of a company and I can let you know who they are". The way the website represents the company can undoubtedly give you a clear picture of who you manage. This is obviously a subjective number, but there are some very simple questions that you can ask. Does it crash a lot? Is it clean to navigate? Is it professional? These are all questions that you would like to ask as you check out any agency, but it becomes even more important when you are about to be able to handle your money within the company.
-aggressive spreads: This is an absolutely important factor that you must consider before signing with a trader. What kind of dissemination do you convey? To give a very basic explanation, currencies are traded in pairs. The difference between the sale and the purchase for a fee is called the spread. A good indicator is that the unfolding of the major currencies may not exceed 5 pips. The majors include: EUR / USD, GBP / USD, USD / JPY, USD / CHF, AUD / USD and USD / CAD.
Customer Service: This is an important factor for Forex as miles in other industries. Similar to disappointment due to lack of customer support, this could lead to significant cash losses. For example, if your broker does not respond to your calls or emails in a timely manner, or if you are opening a position or looking for a position that is primarily market-based, it will take too long and lead to losses. Before signing up with a particular broker, look at your customer service by sending an email, calling or talking to your online advisor. If you do not get the expected response, you'll need to do it twice before setting up an account with this profitable broker.
– Short reaction time: This is bound to customer service, even if it passes by. Despite the fact that customer support is to your satisfaction, it is important to ensure that your request is met with a minimum request once you have made a request to open or close a feature. The easiest way to verify this is to open a demo account with the merchant, which you should also do to improve your buying and selling talent. This is not a perfect method because the demo account's rate usually depends on the actual account. However, it is a good way to check the quality of the equipment you have supplied.
– Reasonable Leverage: Leverage in preference gives the foreign exchange market a strong enchantment for retail buyers. However, the risks of high leverage trading are as extraordinary as the benefits. Most critical brokers offer a leverage ratio of 100: 1 to 400: 1. The greater the leverage, the greater the risk for the trader. If a trader offers a lever that seems too big for you, this could be a great clue to the trader's fate or lack thereof.
-forestall Loss Security: With this feature, you can ensure that your losses no longer exceed a safe amount. Most brokers offer this feature, but it is important that you verify this before signing with your dealer.
Competition Platform Technology: This is one of the simplest and most important reviews you want to make before choosing a broker. On the buy and sell platform all miles move down. If your platform is not always easy to navigate and user-friendly, customer service can be high quality and you can still be a dealer. Like all the interfaces you run for your existence, the platform must have an interface that allows you to achieve your goals in just a few steps.