Finding The Right Forex Broker
There are a few points to pay attention to when looking for the right Forex Company to trade with.
Make sure that the Forex company you want to work with is registered and liscensed to the corresponding regulatory bodies. A registered company will have their license number up on the website, and you can check the license number on the website of the authority it should be listed on. If that does not check-up then the company could be fraud, and likely to scam you out of your money.
Each Forex broker offers different prices for each currency pair, some offer much lower prices for their pairs and that gives you the chance to trade with more currency pairs, and do overall more trading with less money. A lot more factors play into the prices, and different traders may prefer to focus on different things, however if you are a new trader, then going for lower prices will help you invest less as you start trading.
Forex Companies should offer a free Demo account which you can use for a period of time and get used to their platform, their customer service and experience what it would be like to be their clients before investing your money with them. Most companies offer a Demo account and if they don’t, they need to have a give you a good reason for not offering a Demo account, otherwise move onto the next one.