Monday, January 23, 2017
Wednesday, January 4, 2017
how we identify good forex broker
Step 1- Regulated
If your broker is regulated or not. If regulated, then from where. Most trust able regulatory bodies are below.
- Cyprus Securities and Exchange Commission
- Federal Financial Supervisory Authority
- Australian Securities and Investments Commission
- Swiss Financial Market Supervisory Authority
- Financial Conduct Authority UK
- Financial Industry Regulatory Authority
- U.S. Securities and Exchange Commission
Step 2 - Trading Medium and Software
After
step 1 , check if they have advanced technology platform and giving
you multiple trading platform to trade. Like, my Forex broker give me
luxury to trade from tablet, smart phone, laptop, mobile etc. One
important part of this step is to see which online trading platform,
broker is offering. Mt4 trading platform is the best option as per my
experience.
Step 3 - Customer Assistance
Because
the Foreign exchange is a 24 hour industry, your trader should also
provide a 24 hour assistance, ready to be of help anytime of the day.
Also in Dubai, most people look for Arab forex brokers / language
support.
Step 4 - Execution
A
good Australia Forex broker is one that provides the precise Buy and
Sell rate as suggested in their trading platform. The simplest way to
find this out is by starting a demo Forex account with the Dubai Forex
broker and give it a test drive.
Step 5 - Spread
In
case you are like almost all market players, then you definitely would
like low transaction expenditures. Unlike stocks and futures, different
currencies are not exchanged via a central marketplace. For this reason
that; the spread could possibly be distinct from one broker company to
another. It’s definitely worth checking a few out there before you can
start Forex trading in Dubai. In addition to that, come to a decision
whether you require a fixed or variable spread.
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