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  • Squawk / 30 April 2019 at 3:04 GMT
    Most Important Factors When Choosing a Forex Broker

    Choosing the best FX broker is very important for trading success. This’s because you won’t be able to trade in the market directly, but via broker’s platform. Here’re the most important factors to consider when choosing a broker.

    1. Regulation
    Here’re some popular regulatory bodies: FCA UK, US CFTC, ASIC, IIROC, CySEC.

    2. Trading Platform
    Your broker’s platform should be quick, stable as well as user-friendly, since this’s where most of the trading activities happen.

    3. Deposit and Withdrawal
    Make sure that your broker can allow hassle-free deposit and withdrawal of funds.

    4. Customer Service
    the best broker should offer quality customer service at any time and in different languages.

    5. Trading and transaction costs
    Keep in mind that as a trader, you’ll have to pay for different transaction costs like spreads or commissions.

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