There are a growing number of
brokers available online and equally expanding amount of websites that offer
forex broker reviews and rating. When choosing a broker, online reviews can be
very helpful. Along with your own research, the rating can truly help you find
the broker that suits your needs.
What are some of the features forex
brokers are rated for? Let’s go over the most acceptable standards:
Registration Process
None of us enjoys filling complex
online registration forms. While some brokers request documents upon
registration, others allow you to sign up within minutes and start trading.
Brokers that have hassle free registration process win a vote!
Demo Account
For a novice trader practice is
crucial. Today all forex brokers offer demo accounts. The question you should
be asking is for how long. There are brokers with unlimited time demo account.
There are also brokers with 30-day demo account. An extra point goes to brokers
with longer demo option.
Promotions
Most traders love bonuses and trading competitions. Whether it is a welcome bonus, or a winning prize in a challenge – it is nice to get a special treat.
Trading Platform
Platform offered by a broker is
definitely one of the features that gets rated. Trading platforms differ and
here are just a couple of things you need to check when it comes to choosing
one:
Web-based or
download
MetaTrader 4
in in-house interface
No dealing
desk
Streaming
quotes
Order types
Trading tools
along with news, economic calendar, market analysis
Charting
One-click
trading
Flexible
customization
User-friendly
interface
Accurate
trading prices
Security
Minimum
downtime
Automatic
features
Currencies,
commodities, indexes, stocks
Payment Methods
It’s nice to have options,
especially when it comes to deposits and withdrawals. The more payment methods
are available, the better. A great broker offers different kinds of payment
methods, such as credit card, moneybookers, paypal, neteller, liberty reserve
or wire transfer.
Customer Support
Professional, fast support is
important when you are trading forex. Whether you have a technical issue with
the trading platform, have a question about brokers terms and conditions or
simply need a trading advice; the winning broker is the one that offers
multilingual customer support both online, on the phone and via email.
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