Choosing the best broker for you is the key for your trading success. You can save lot of money and problems if you choose a good broker for you. How to choose the best forex broker:
1. Trading Style
The forex market is the largest market in the world. Consequently, we are a lot of traders and all of us work with different strategies and with different tools. Your trading style is primordial when you want to choose a broker. Did you know that some brokers do not allow scalping? Did you know that spread is not the only way to pay a broker?
An automated trader doesn’t need the same than a classic manual trader. Similarly, a long term trader doesn’t appreciate the same than a daytrader.
2. Regulated brokers
If your broker is not regulated by serious laws you can lose a lot of money because you can be cheated easily. Brokinator guru analyzes only safe regulated brokers, so you do not need to investigate any more about regulations.
3. Account currency
Most traders do not care about their trading account base currency, but this is a major problem for them. If you work with another currency you are losing money each time you do the conversion from one currency to another. Similarly, you can lose money if the currency rates change.
4. Customer services
Customer service is paramount when you need to deal with a broker. If you do not see any easy way to communicate with the broker, it could be a big red flag for the broker. Our Brokinator guru has tried all the customer services and only recommends the best ones. Our guru is not interested in brokers who do not care about their traders!
If you are looking for a broker we give you multifarious ways to choose the best one:
- Brokinator guru test: Through 6 questions our guru is able to guess the best broker for you, try it!
- Brokers comparative: We show you a list only with the best forex brokers. You can filter them to choose the best for you.
- Direct choice: The easiest way to choose a broker. Do you want the best broker for beginners? You got it! Do you need the lowest spread broker? You got it!