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| Nov 24, 2008 11:30 am |
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How to select brokerage firm? |
| Anne Fonda
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Is the broker I want is regulated?
All regulated brokers have to submit financial report to regulatory authority. If fails in doing so the authorities can penalize broker or even end their membership. These rules bind the broker to maintain all the financial report. Using a regulated broker protects investors because they are able to solve disputes.
What are the trading environments?
These include the features which the selected trading platform is offering. Some of the important features include.
• Spread: The most important factor to select any broker is the spread. The smaller the spread on currency pairs would be the favorable conditions for traders and investors.
• Effecting platform: This means how quickly and consistently the trades are executed.
• Does it have the facility of fractional trading: Some brokers allow investors to trade on a fractional basis? This facility is very helpful when you are making trades that risk a certain percentage of the balance on each trade.
• Fund safety: it is the most important factor that the funds placed in a account are insured for safety.
Private Reply to Anne Fonda (new win) |
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