Forex traders don’t access centralized exchanges to execute their buy and sell orders
Instead, they have to trade through a financial services organization, known as a forex or CFD broker.
This diversity makes it harder to find a perfect fit for an individual’s skill level, educational needs, and initial trading stake
To assist in your investigation, we’ve organized a checklist to print out and keep at your desk, identifying key factors to review when choosing a forex or CFD broker
Look at regulation and domicile when selecting a forex or CFD broker, examining the firm’s home page for compliance with competent regulatory agencies
Standard regulatory requirements include adequate capitalization, segregation of accounts in order to protect client funds
The new account can be funded through personal check, debit card, ACH, wire transfer, or an online service like Paypal or Skrill
All forex and CFD brokers should provide slimmed-down mobile trading platforms so you don’t have to stare at a computer screen all day