Best Broker Forex

Who is the best forex broker?


Anyone who trades forex knows how difficult it was finding the top broker for their taste and methods. Here you will find some information to help you make a more informed decision.

Regulated BrokersThe Best SpreadsTransaction CostsPlatformCustomer Service

Information about each of these items will help you trade better with more confidence. If you ever bought a car without test driving then, you may want to the next time you are looking for a car. As with the brokers, you can demo/practice/test their platforms and customer service even before you put any money in. These brokers know it can be difficult, but they want your business, so try every thing you can before you commit.

What are Regulated Brokers?

These particular brokers are watched by protection agencies, so the investor has more comfort on where they put their. Brokers such as www.fxcm.com and www.gaincapital.com are two brokers that are regulated by the NFA. Using a regulated Forex broker will give you a peace of mind for sure.

What are spreads?

These are price point between the bid and ask price. At any given time a fixed spread or an adjustable spread will be offered for trading. These spreads will vary and are fairly important to consider when trading. Don’t always assume the lower the spread the better the broker.

What are transaction cost’s?

These are what will crush a small account after a while of trading. Any time you have spreads or commissions you are paying the broker this amount and your trade starts in the negative. It is the price to pay for trading, but Forex rebates will help alleviate the pain of the transaction costs.

How do I choose a platform?

The ideal platform is one that will allow you single click execution and automated trading. The metatrader 4.0 platform will allow you to demo for as long as you would like.

How important is customer service?

This is the line between you and the actual broker you are working with. Should something happen this will be a core piece to your resolution. Definitely consider good customer service brokers ratings before you decide.