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    Thread: What are the 3-4 most important things you look for in a broker?

    1. #1
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      Default What are the 3-4 most important things you look for in a broker?

      I'm curious what do you think are the 3-4 most important things to look for when considering brokers?
      I run a website called BrokerNotes.


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      1st we should look for forex broker reputation
      2nd we should look for which payment processor it support and how quickly they give withdraw
      3rd we should look at their customer support
      4th how many local senior forex trader suggest that broker


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      For me it will be :

      1. Broker reputation locally and abroad
      2. Spread
      3. Swap free
      4. Deposit and withdrawal methods


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      1. Security of your funds invested in the broker with 100% insurance from an independent entity so if anything goes wrong with the broker your funds are safe.

      2. Regulation to be sure that broker its authorized in your region to assure that you wont suffer any legal issues by trading there.

      3. Platform and execution should have enough quality to allow you to operate a good trading strategy.

      4. Costs of the services which should be competitive comparing to other brokers.
      “Know when you’re getting out before you get in.” Jack Schwager


      Bangla Forex School


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      Number one in my list is the regulation.
      Number two is where is the regulation located, I prefer regulation from UK, Australia or FINMA. I am skeptical of other regulation body.
      Third is the comments on the internet. If it's good then there will be a lot of defender against negative campaign.
      And then the last one is the trading conditions. I look for proper leverage like at least they have 1:100 leverage and also the account type of ECN.


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      Quote Originally Posted by Drake Astral View Post
      Number one in my list is the regulation.
      Number two is where is the regulation located, I prefer regulation from UK, Australia or FINMA. I am skeptical of other regulation body.
      Third is the comments on the internet. If it's good then there will be a lot of defender against negative campaign.
      And then the last one is the trading conditions. I look for proper leverage like at least they have 1:100 leverage and also the account type of ECN.
      I agree with you, regulation is very important so we don't trade with brokers who are not trusted.
      Your points are all great for choosing a broker to trade. Too many forex brokers who scam clients money and then run away so we must be careful.


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