Choosing a Forex Broker Is Not Easy

Forex market is the largest financial market in the world. There are various trading platforms like metatrader4, metatrader 5, etc. in the market, which help the traders to analyse the price and place trading orders. Brokers play a vital role in execution of trade. Metatrader Brokers, pamm brokers, etc are available in the market in large numbers. Choosing a reliable broker is a matter of thorough research.
There are various aspects one should look for, while choosing a broker for forex trading. Some of the most important aspects of selecting a broker are discussed below:

1.    Regulation: Different countries have different regulatory requirements and laws for financial transactions. So, one should select a foreign exchange broker, who is based in such a country where financial transactions are supervised by a regulatory agency. Moreover, the broker must have a proof of regulation, in an on- or off-shore country. It is very essential to know not only about the regulatory status of the broker, but also about the regulatory body of the country where the broker is registered.
The following countries have dedicated regulatory agencies:

    USA
    United Kingdom
    Eurozone
    Japan
    Australia
    Switzerland

2.    Reliability of the trading platform: Traders must have a clear reason of choosing a particular trading platform. A good trading platform does not crash often, as the traders seek stability. Priority should be given to reliability of a platform rather than its appearance.
Choice of platforms varies with the requirement of the traders. A stable platform, that rarely crash, will be preferred by aggressive traders; while a passive trader, who does not trade frequently, will have more flexible choice.
Moreover, the navigation of the platform should be user-friendly. If the platform offers some advanced features, they should be simple to access and apply by the traders.

3.    Capitalisation: Forex brokers find it very difficult to get competitive pricing without a margin deposited in a lending institution, because of the over-the-counter nature of the forex. So an investor or trader must do careful study of the forex broker before selection. A regulated broker must meet a minimum capitalisation level. This indicates whether the broker is financially sound or not. It also gives a rough idea about the size of the company of the broker.

4.    Understanding the nature of broker: It is very important to understand the nature of a broker versus the nature of a dealer, as the forex market involves a few different types of companies.

Transacting with a broker
A broker is the medium between a customer and a market maker/dealer. Orders are processed by computer systems.
Transacting with a market maker/ dealer
Market maker uses the traditional method for processing orders, i.e.  via dealing desk.
ECN brokerage model
ECN is a modified broker method in the OTC market. They act as a broker to different market makers.

5. Customer Service: Since forex is a 24 hour market, a broker who can provide support anytime should be selected.

nice topic , very good and nice information. it helps people alot to know abt forex.
Keep it up.

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I am not willing to trust at any broker which I have not used or verified at all. as most of them are found to be scams. By the way recently I have invested in TempleFX which I have been using from last 3 months.  This STP Execution first of all make sure secure trading environment for their cline by providing security of funds at any kinds of investments.  And they always ensures easy withdrawal system , low transaction cost , active customer services , lowest trading spreads and much more that are very supportive to lead a comfortable trading life with certainly.

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The best you can do is that you really have to do research about one broker especially if you are not that sure if its regulated by Cysec or what. I have a lot of friends who have been deceived by a lot of brokerage firm, but in my case I thank God that even in my first time in Forex trading I was able to find Cysec approved broker. Though I don't earn that big because I don't do big deals, but at least all of my refered this to me. I even do a research about it.

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the best way is regulated broker in your country it's safe i think.
from overseas broker i don't believe

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When looking for right brokers there are many things thatyou have to check. First of all we the traders have to ensure the brokers credibility.  Because in spite of goodtrading knowledge that’s not possible at all to lead a comfortable trading life with certainly without a reliable support from a credible trading broker. Because the broker can affects the result of our trading with certainly.  Now I am with TempleFX which is more crediblefor me and always ensures a wide range of trading technologies with security of funds at any investments. So, I always feel secure and comfortable when trading.

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