Recently I had some people ask me about how to choose a broker, many of which always looks for information of reviews online, I mean...this is not always the best place to start.
Key things for traders to look at: 1. Broker location 2. Broker regulator does it have single regulator or multiple 3. Where exactly does your deposit go 4. Fully look at the brokers license 5. Is the broker transparent with me?
What other things May you think of? Lets discuss this
Nobody knows when even a good paying broker turned into scam and stop paying its traders. We already have a lot many examples in the past like alpari UK. So better to go with those which have certain repute in the past and moreover keep on withdraw your profits by leaving the necessary capital behind with the broker.
In case of selecting broker, traders have to be very carefulsince many brokers are claiming many things but they seldom fulfill their claim. In case of selecting a trading platform you have to confirm whether it is a regulated broker or not, broker has to be a regulated one. Then you have to evaluate all the trading facilities that will have major impacts on your trading thereby on earning profit, like spread, leverage, usable bonus, etc.
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