How to choose the best dealing center (DC) for Forex.

Making money on Forex is not easy, so choosing a dealing center becomes even more important. In my practice, I have had to work with quite a large number of DCs and it is very disappointing when a broker, for some reason, tries to cut profits or refuses to give them away at all. In this article I will tell you how to

avoid such annoying misunderstandings and save your profits, and with it your nerves , spent on proceedings.

Moreover, trade conditions and other advantages play not the first role in this matter. Let's return to the question - How to choose a dealing center for Forex trading.

The main selection criteria are the following indicators:

1. Turnover and number of clients - of course, rarely does any brokerage company provide completely truthful information on its website, but you should still choose the largest and most well-known company.

With a turnover of at least several tens of billions of dollars, the turnover of leaders in this field of activity usually amounts to hundreds of billions. Clients - the more of them, the better; a large dealing center will not steal a couple of thousand dollars from you and, most likely, will pay out a significant profit.

One of the indicators by which you can determine the number of people using the services of a given DC is reviews and forums. The more popular the company, the more lively its discussion is. 2. Fame and publicity - it’s hard to imagine that MMM is participating in a financial technology exhibition.

Typically, such companies are in no hurry to disclose the specifics of their work. Therefore, you should cooperate with those who are well known. The second aspect is the availability of awards and prizes for participation in various competitions, especially if these competitions are related to government agencies.

3. Partners - usually fairly reliable dealing centers cooperate with liquidity providers such as banks.

This fact indicated in the information about the DC will be an additional sign of its reliability. 4. Work scheme - it is advisable to choose those intermediaries for working on Forex who carry out their activities without interfering in the trading process, but simply transfer orders to the bank for execution.

Usually these are NDD brokers; they act as an intermediary, and not as a second party to the transaction. Imagine that in a football game the referee was a player of one of the teams; the result of the game would be easy to predict in advance. 5. Restrictions – also an interesting point when answering the question “how to choose a Forex dealing center”; often it is the restrictions that become the reason for blocking the account with subsequent withdrawal of money. Therefore, carefully read the contracts and appendices to them, especially if you trade with advisors or use scalping. For the last category, only scalping brokers , which have no transaction restrictions.

Many traders ignore the issue of choosing a DC, especially when starting to trade with small amounts, but gradually the deposit increases and then an unpleasant moment comes.

Therefore, do not regret an hour of time and better make the right choice right away. To make the task easier, you can use the rating of Forex dealing centers , which contains already verified companies that do not currently have problems with the law and payment of funds.