To make online trading, you need to open a suitable account with a forex broker. There are many brokers and it's difficult to identify the best. To make a right choice, you must make sure the broker has some basic requirements. Regulations on corporate structure and control are an important aspect, because the forex market is not regulated. Therefore, a check on corporate structure by authorities such as the FSA (Financial Services Authority) or the MiFID (Marker in Financial Instruments Directive) is a guarantee for the customer. The best forex brokers adhere to these regulation circuits.
Also the depositary bank of the funds is a very important aspect for the customer, who must pay the money on the account used to invest in forex. If the depositary bank is located in tax havens (such as the British Virgin Islands) or other areas outside the EU or in so-called BlackLists, you need to be careful. The risk is twofold: on the one hand the future
difficulties to be able to regain the capital, from the other the risk of sanctions or tax controls on such transactions. Therefore, are to be preferred the brokers that allow payments in Europe, on major banks known.
Spreads represent the broker gain. Depending on your type of trading, you have to choose between fixed and variable spreads. The first are recommended for intraday traders, that can sell at certain prices even in times of high volatility (for example during the news). Variables spreads may be more convenient in many occasions, but often penalize traders if they are to close during times of low liquidity or high market volatility. Sometimes brokers offer different types of spread, based on capital paid into the account, favoring customers with large capital.
Make sure the customer support is available 24 hours. Timeliness and care of your data by the broker are an indication of professionality. If you have a problem or if you want more information about prices, it's good to have a partner willing to confront and resolve any inconvenience.
Many brokers offer to new customers welcome bonus on first deposit, operating signals and private or group lessons to learn how to use the platform. It's always useful to inquire about the possibility of access to such initiatives, even when the broker website does not advertises them.
Many forex brokers allow you to deposit and withdraw money in different ways including: credit cards, MoneyBookers, PayPal and bank transfers. Be well informed about costs applied by the various methods, both during withdrawal as well as during payment.
In a market in constant evolution you need to have full and free access to the market quotations also with mobile devices. Make sure they are available web-based platforms and platforms for tablets and smartphones.
Some forex brokers offer only standard accounts, while others also offer micro accounts. According to your capital and your experience, it's important to choose with which account to operate. Even when you have a real account, it's useful to continue to train with demo accounts, where you can apply the new online trading strategies before investing real money.
Also the depositary bank of the funds is a very important aspect for the customer, who must pay the money on the account used to invest in forex. If the depositary bank is located in tax havens (such as the British Virgin Islands) or other areas outside the EU or in so-called BlackLists, you need to be careful. The risk is twofold: on the one hand the future
difficulties to be able to regain the capital, from the other the risk of sanctions or tax controls on such transactions. Therefore, are to be preferred the brokers that allow payments in Europe, on major banks known.
Spreads represent the broker gain. Depending on your type of trading, you have to choose between fixed and variable spreads. The first are recommended for intraday traders, that can sell at certain prices even in times of high volatility (for example during the news). Variables spreads may be more convenient in many occasions, but often penalize traders if they are to close during times of low liquidity or high market volatility. Sometimes brokers offer different types of spread, based on capital paid into the account, favoring customers with large capital.
Make sure the customer support is available 24 hours. Timeliness and care of your data by the broker are an indication of professionality. If you have a problem or if you want more information about prices, it's good to have a partner willing to confront and resolve any inconvenience.
Many brokers offer to new customers welcome bonus on first deposit, operating signals and private or group lessons to learn how to use the platform. It's always useful to inquire about the possibility of access to such initiatives, even when the broker website does not advertises them.
Many forex brokers allow you to deposit and withdraw money in different ways including: credit cards, MoneyBookers, PayPal and bank transfers. Be well informed about costs applied by the various methods, both during withdrawal as well as during payment.
In a market in constant evolution you need to have full and free access to the market quotations also with mobile devices. Make sure they are available web-based platforms and platforms for tablets and smartphones.
Some forex brokers offer only standard accounts, while others also offer micro accounts. According to your capital and your experience, it's important to choose with which account to operate. Even when you have a real account, it's useful to continue to train with demo accounts, where you can apply the new online trading strategies before investing real money.