competition between forex brokers. Which they have different advantages and disadvantages, so it is no easy task but it is very important to know how to choose a broker with which we work.
as choosing a brokerDentro analysis when choosing a broker should take into account several aspects, but one we believe is the one most relevant: regulation.
To choose a good Broker must analyze the pros and cons of each company, we must study its capabilities, in addition to the services provided.
STEPS TO CHOOSE A BROKER
STEP 1. Read our guide. 6 POINTS.
STEP 2. Compare Brokers.
STEP 3. Try a demo account.
STEP 4. Open a real account.
In each country there is a different regulatory environment and requirements for financial companies. To choose a good Broker is good to do considering that the venue where you are either in a country with regulatory agencies to supervise the broker. When this is regulated at international level requirements may be less stringent.
United Kingdom
U.S
Euro zone
Japan
Switzerland
Australia
There are two types of platforms, one for desktop and other web-based (Java) is important depending on the hardware and software we have, being very careful about the kind of platform that best suits our needs, which is essential for operations.
Beyond the appearance it is very important to the stability of the platform, ie the moments that economic news or global events are published, the platform or block.
When talking about a platform that is easy to use, referred to by entering an order or close a transaction is made immediately, one click for operational management in addition to stop losses. An operator may also take account characteristics and limit orders and other orders.
A trader needs constant graphics and other aids to manage well the account, a platform that has this type of aid is a good choice when it comes to choosing brokers.
For more competitive prices for both themselves and their customers, the greater must be the capitalization of market maker, this leads to more lending relationships with liquidity providers which becomes best prices in the market.
It is very important that investors carefully analyze and evaluate the broker will choose to operate. Since the OTC market by nature is very difficult to get competitive prices if before having a collateral deposit or a credit institution or a bank.
Remember to be supervised by regulatory bodies, must have a minimum solvency requirement which shows how big is the company, this will also help you to choose a better Broker
It is very important to understand and understand the difference between a Broker Dealer since currently there are few types of businesses to operate as a foreign exchange OTC (OTC FX).
The broker is an intermediary between the customer and a market maker. It is responsible for sending the customer order to a third party for execution on the operating table. Brokers earn commission this service and / or commands sent to the table.
The traditional method that most banks or financial institutions have are “trading desks” The prices offered for buying and selling to customers throughout the day have two characteristics, some are quoted permanently, ie its value is the same throughout the day, in other cases, companies use a system of dynamic hairpins, which means that the price varies depending on the liquidity of the couple. The Dealer is always interacting with others to manage their risk and position in Forex. Dealer prices vary its price each currency a little, this price is based on a book of global currencies.
Not to be confused with the ECN Broker ECN of the stock markets, they are actually quite different.
The ECN act as Broker or Dealer for different negotiating table. The ECN distributes to its customers the prices and the appropriate volume for the price previously received from the Dealer. Here are the result forks difference between the best buying price and the best price.
Forex is open 24 hours a day, so when choosing a broker is important to note how quickly perform support or customer care market.
Note the method or communication system, answers all this information is key to answering your needs.
By the account demos, you can simulate questions in cases of complications at the time of operation.
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