Choosing the Right Forex Broker

 

The quality of services of your Forex Broker will determine to a high extend your overall trading performance. It is strongly recommended to choose only among high-regulated Forex brokers –Brokers who are really able to ensure the safety of your funds.

■ Safety of your Funds is a top priority Issue (Regulated Brokers, Segregated Bank Accounts)

 In addition, choose Forex brokers offering the best trading terms regarding the cost of a transaction. ECN and STP brokers (No-Dealing-Desk) are offering lower spreads and faster execution than Dealing Desk Brokers (Market Makers).

■ Low Cost of Transaction (Narrow Spreads, No Trading Commissions, No Maintenance Fees)

Furthermore choose Forex brokers that can fit 100% of your special trading needs (MetaTrader platform, automated trading, scalping, fund methods, etc).

■ Brokers covering your Special Trading Needs

Finally, choose the brokers offering the highest trading rebates / and or welcome bonus.

■ Forex Trading Promotions are also important

 

Not-Honest User Ratings

If you are after finding the ideal Forex broker you may use various Reviews and Ratings found on the web today. Generally speaking, do not trust all user ratings. All brokers in every industry have a great incentive to hire outsiders to rate and to promote their services favorably. Unfortunately, fake reviews and especially fake user ratings are a common reality in a vast advertising market such is the Forex market. 

Rating Formula & Forex Comparisons

In order to deal with fake user ratings, the partner site TradingCenter.org has developed a revolutionary Rating Formula that rates Forex Brokers 100% objectively.

The rating formula is found today in its 4^th version (Rating Formula v4.0 specialized on Forex Ratings).

Four (4) major rating factors are included:

1. Safety of Funds

2. Cost of Transaction

3. Variety of Trading Options

4. Level of Technology

Forex Ratings using the Formula v4.0:  » Forex Ratings at FxPros.net

 

■ Choose the Right Forex Broker

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