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

Making money on Forex isn't easy, so choosing a dealing center is even more important. I've worked with quite a few dealing centers, and it's incredibly frustrating when a broker, for whatever reason, tries to cut profits or refuses to hand them over altogether.

In this article, I'll explain how to avoid such unfortunate misunderstandings and preserve your profits, along with the hassle of dealing with disputes. Trading conditions and other advantages are far from the most important considerations.

Let's return to the question of how to choose a dealing center for Forex trading.

The main selection criteria are:

1. Turnover and number of clients – of course, few brokerage firms will provide completely accurate information on their website, but it's still worth choosing the largest and most well-known company. With turnovers of at least tens of billions of dollars, the leaders in this field typically have turnover in the hundreds of billions.

Clients – the more clients, the better; a large dealing center won't steal a few thousand dollars from you and will likely pay out a substantial profit. One indicator that can help determine the number of people using a given DC's services is reviews and forums. The more popular the company, the more lively the discussion.

2. Notoriety and publicity – it's hard to imagine MMM participating in a financial technology exhibition. Typically, such companies are reluctant to disclose the specifics of their work. Therefore, it's best to partner with those who are well-known.

Another important aspect is the availability of awards and prizes for participation in various competitions, especially if these competitions are related to government agencies.

3. Partners – fairly reliable dealing centers usually partner with liquidity providers such as banks. This fact, stated in the DC's information, will be an additional indicator of its reliability.

4. Operating scheme – it is advisable to choose forex brokers who operate without interfering with the trading process, simply forwarding orders to the bank for execution. These are usually NDD brokers; they act as an intermediary, not a counterparty to the transaction. Imagine if, in a football game, the referee were a player for one of the teams; the outcome of the game would be easy to predict in advance.

5. Restrictions – another interesting point when answering the question "how to choose a forex dealing center" – restrictions often lead to account blocking and subsequent withdrawal of funds. Therefore, carefully read the agreements and appendices, especially if you trade with advisors or scalping. For the latter category, only scalping brokers with no transaction limits are used.

Many traders ignore the issue of choosing a DC, especially when starting with small amounts, but gradually the deposit increases, and then an unpleasant moment occurs. So, don't waste an hour and make the right choice right away.

To make the task easier, you can use the Forex dealing center ratings , which list proven companies with no current legal or payment issues.