Many new traders (Players) on the Forex ask this question. What should I look for when choosing to later quietly earning on the stock exchange and not worry about nothing.
Here is a list of recommendations that will help you choose a reliable company.
- Reliability . Reliability is not easy to define, consult with familiar traders, brokers learn the ratings, ask your broker, as they guarantee their reliability.
- Licensing . The broker must must be licensed. Most brokerage firms forex work is licensed under the gaming houses, ie, how to take your bets on kursvalyuty. Let so, but the license shall be required. At a licensed brokerage company you can always access the claim to the appropriate licensing bodies.
- Legal transparency . The contract must be clearly spelled out all the nuances that may arise in the process, the rights and responsibilities parties. Contract will be the basis for work, and must contain all the basic conditions of work: conducting transactions, dispute or situation. This will help solve most issues in working order, and avoid litigation. Also, the existence of a brokerage firm public regulation of the transaction said the openness to work with clients and reliability of the firm.
- long work in the market Forex . You can be sure that this is not a broker-ephemera. You can also found on the internet reviews of the work of the brokerage company. Another important point that speaks in favor of the brokers with a long reputation in Forex - their own means a reliable broker should be large enough so as not winning client paid only from losing other players (as well as in the gambling business), but also from its own funds. When selecting a young brokerage firm risk left with nothing in the big win is great, because it simply nothing to pay for this gain.
- liability insurance . Guarantee the complete safety of funds that you invest in the forex game Forex may only insurance. If the brokerage firm's responsibility to clients is insured, it is an indicator of its reliability, as well as guarantees refund your money in any situation.
- Conditions . Pay attention to the set of currency pairs and contracts to which you will have access to. Just find out what of interest on your trading deposit are allowed to trade with guaranteed execution of pending orders, the size of spreads and commissions, reliable Brokerage companies do not underestimate the size of the spread, as opposed to those who are willing to do anything to lure customers. Find out what used trading platform (Terminal).
And most importantly - do not rush!
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