Choosing an broker is a very important step in the life of any trader. Now many domestic brokers have experience of work, technology and reputation, which are not inferior to foreign ones, so you can easily choose your own, native. The article considers factors that must be taken into account when selecting a brokerage company.
1. Ratings and reviews
Study the feedback and the PAMM rating of the Forex forex trading platforms for 2014.So you can protect yourself from unnecessary risk. In the financial market, there are honest and reliable companies that provide quality services, all necessary services and interesting terms of trade. If the quality of, for example, demo servers for most companies is approximately the same, then working with real money requires a thorough choice of financial partner. Especially when it comes to PAMM investments
2. Sustainability of
indicators A broker should conduct conservative activities and be sustainable. Therefore, it is better to work with firms that have been operating for many years. They are able to work with clients, they are trusted, they have experienced successfully the economic crisis, which, frankly, has become a serious test for many companies. Also pay attention to the level of technical support. Some companies can not boast of it.
3. Foreign or domestic
There is such a misconception that foreign PAMM brokers are better than domestic ones. It arose after our traders in the nineties burned at unscrupulous DCs.
But in fact, people working in the West are pursuing the same goals. The advantages of foreign brokers include the depth of the market, the speed of execution, "rabid" liquidity, individual features of terminals. However, there are also disadvantages: prohibition of locked positions, unfriendly interface, another system of orders, unlimited spread. As a rule, the trading conditions of Western brokers are much tougher.
This applies not only to spreads, but also to the leverage, swaps. Often there are slips. This is a natural process for large foreign companies that are slow in a rapidly changing, highly competitive market. Although recently many foreign brokers have lowered minimum deposits, and also acquired Russian-language support. However, the shoulder( which is extremely important) remained at the same level.
The myth of high reliability and stability of foreign brokers remains just a myth, it is enough to look at the PAMM rating of accounts for 2014 and make sure that all of them are of domestic origin.
