Dealing center for a beginner.

Choosing the first DC is quite important when starting Forex trading. What basic properties and characteristics should a brokerage company have in order to meet all the requirements of a novice trader?

It turns out there are quite a few such requirements, and some of them are quite specific and not so important for an already experienced professional.

Below I will not only list the necessary characteristics, but also give examples of some suitable DCs.

• Technical support is one of the most important points; many large Forex brokers are not willing to communicate with traders who have less than $1000 in their account.

There is some division into more and less valuable customers. Don’t forget to immediately clarify this issue with support or on the forum.

• The presence of a cent account is simply a must; only on it can you most effectively test your assumptions and theories.

• Not a high initial deposit - it doesn’t make sense to risk large sums right away; of course, you won’t be replenished by several thousand dollars, so the broker’s minimum deposit should not exceed the amount of funds at your disposal.

• Convenient method of replenishment - you haven’t really decided yet whether or not you will trade on Forex, and you don’t want to waste time opening electronic wallets, check which payment systems the broker you like works with.

• Trading terminal - it is best to start with MetaTrader 4, and then use alternative options.

Suitable options:

Forex4you is a fairly well-known company in the foreign exchange market, it has both cent accounts and accounts for professional trading, as well as many other advantages.

RoboForex is one of the leaders in innovation, a large selection of account options, excellent technical support, bonuses and promotions.

InstaForex is an interesting option with some caveats, there are micro accounts, a lot of training information, and market analytics.

You can also choose the appropriate option by studying the list of Forex brokers .