What features to look for in a good Forex broker.

$1.48

7.42 $ earned

371 views

Click to zoom in
EagleFX Team
EagleFX Team added a new post
9 months ago

In an ever-increasing marketplace, we as consumers are constantly being sold to. Whether that be online, adverts in the newspaper, TV, bus stops and so on - we have product options EVERYWHERE.

As a consumer, it is important to do some shopping around rather than rushing into a buy to ensure we are getting value for money. Equally, consumers should not feel pressured into making purchases that they are not 100% certain with. This is especially true when considering the right Forex broker for you!

So what features should we look for when trying to source the best broker we can?

Trading conditions

Consider the spread. This is the difference between the 'bid' and 'ask' price. Tight spreads give traders the best opportunity to generate a profit from the smallest price movements. An ideal situation for scalpers.

Execution speeds should also be considered. This is how fast an order will be filled. A broker that uses ‘Straight Through Processing’ will be beneficial in that orders are filled in seconds.

The leverage available should be considered. When considering value, try to seek a broker that offers high leverage options but does not have any set account parameters. I.e. ‘’Deposit $500 for leverage up to 1:100.

Look for a broker which will have low deposits and fast withdrawals. There is no reason for a broker to hold your funds.


Having access to 24/7 Live Support is a must to ensure you are well taken care of when you need it.

New STP ECN broker EagleFX offers leveraged trading on over 200 assets with no ongoing account costs. Start your trading journey today for as little as $10.00

https://www.eaglefx.com

  • 0
  • Comment
    0
ADD IMAGE