Criteria Of A Good Forex Broker

Before you can trade forex, you must have an account at forex broker in advance.

Forex brokers are individuals or companies that buy and sell orders according to the decision of the trader. Where the broker gain or profit from the difference in selling price on supply and demand (Forex Spread).

If you try googling, surely you will be bewildered by a large number of online brokers yg displayed. Maybe not just dozens, now could be in the hundreds. For those of you still wrote a first foray in the world of forex trading, you instead into doubt and misgivings, which o. .. YG should have selected? ...

Do not dizziness, chill out, take your time to pay attention to and membandingkanya slowly. The most fast and secure, is to ask questions or ask for recommendations from friends yg has experienced with a broker. Well the problem is sometimes You no friends can reply questioned? :)

OK. not a problem, the article below will give you the big picture as well as points You should consider a reply at the earliest. Caution do not be tempted with the offer of a lucrative bid-variety. Keep the focus on the points below.

Regulated Broker forex broker, is beregulasi?

The intent of the regulated is that this broker take shelter under a certain financial entities. And yg good forex Brokers usually must opt-in and registered under the financial entities in the country where the broker has offices or operations.

As in the United States brokers must be registered Futures Commission Merchant (FCM), the Commodity Futures Trading Commission (CFTC) as well as being a member of the NFA. The CFTC and NFA trader do to protect against fraud, manipulation, or trade practices. Usually brokers will list the status of Regulated (membership) them on his site. But surely we should also conduct checks resetting, how, by matching on the site from the financial agency.

Such as, broker lists the NFA id, we check with the NFA sites visited in

www.nfa.futures.org/basicnet/thus it is hoped we get valid information.

Well, surely this financial bodies not only NFA course, remember it's only in America. Different countries will then have his own agency. Like Switzerland, cyprus, Ingris, Russia, Japan, and so they have a financial agency of each reply set up forex market.

United Kingdom: FSA (Financial Service Authority)

Japan: FSA (Financial Service Agency)

Indonesia: BAPPEPTI (the Agency's oversight of futures trading and commodities)

Forex brokers who do not take shelter under a financial entity is usually referred to as wild or broker is not beregulasi. A good forex broker at least take shelter at one institution or regulator in the country, where he operates. With habitation under specific broker agencies is supervised, in other words, should not be lightly operate themselves, and their permits can be revoked if violated. Do not risk money/your funds on a broker who is not beregulasi, leave away.

Customer Service/customer service

The Forex market is open 24 hours non stop, 24-hour support is support is a must. If you can contact the company by phone, email, or chat? Whether their response was satisfactory? The quality of support and response can vary between a broker and the broker more, so be sure to check them out before opening the account.

Here are tips that you can try: make some questions about what the forex, then pass on to them, could be by email, phone, chat, etc, and then view the speed and quality of their responses. You try to see and feel how their attention to the customer/prospective customer. But remember usually pre sales service is always better than the post-sales service. So to put it simply, we take in on a pre sales alone was disappointing, especially later when it's so the customer. This feels strange isn't it, Yes ... Very odd but generally so and this is yg happens:)

Online trading facilities

Most forex brokers, now this has allowed us to trade via the internet is relatively easy and cheap. As we know with the internet means you can be 100% mobile, because you can do orders or reservations anywhere and anytime. The broker will provide software where such software is becoming a major factor in the booking/order system. It is important to try to advance software along with the facilities therein, the trick is to try the demo account.

Few things can reply it was noted in the online trading software:

* The ability to view the current pair price in real.

* Summary of account balances, positions, showing an open reply, the margin available, order history, etc.

* On-site analysis, charts, indicators, multi time frame.

Generally the software based on the web (HTML), so enough with the browser you're da