Forex broker trading - intermediary activity in the foreign exchange market. Brokerages give the opportunity to trade the Forex market, that is, provide access to it. Commercial component of the broker is based on the profit from the deals. Reward for conducting broker transactions - it Forex brokerage. It can be installed in a fixed amount of a certain volume of sales or percentage of the transaction.
Financial market today has a huge number of companies providing brokerage services. Of course, the terms of cooperation with each of the companies have their own distinctive features.
Tom, who was determined to begin trading on the Forex it is first
necessary to decide which company will provide him with brokerage
services. There are several requirements that must comply with a good broker.
First of all, we must pay attention to the condition of cooperation
with this company - the amount of commissions and spreads, trading
platform used, and whether it is possible to trade a guaranteed
execution of pending orders.
In addition, the activity of a broker should be transparent in legal
terms - he should have the necessary licenses, and at the conclusion of
the contract should specify all the details of cooperation, mutual
rights and obligations.
The broker also must have considerable experience in the Forex market. Duration of work - the main evidence in favor of the integrity and soundness of the company.
Also measure the seriousness of the broker is the availability of
insurance funds that traders put the game in the foreign exchange market
Another way to choose a broker - to ask advice of experts who are familiar and experienced players. You can also get acquainted with the Internet activities of brokerage firms.