Forex brokers
Forex trading is governed by specific rules, and forex brokers play a significant role in shaping these rules.
Brokerage firms create a set of specific rules that their clients—traders—must adhere to. These rules aren't always uniform and vary depending on the company, so it's important to be careful when choosing and using certain trading strategies.
These companies are divided into several categories, and depending on which one you end up with, you can expect a certain reaction to your success.
Moreover, this reaction may not always be positive or pleasant for you.
At the moment, the situation is developing quite interestingly, especially when viewed from a slightly unconventional angle:
• Opponents of scalping - companies that cancel transactions shorter than 3-7 minutes and limit the maximum number of transactions during a day or session.
To avoid losing profits from successful trades, carefully read the agreement before opening an account, especially those sections that specify such matters. If you do not find any restrictions, send a request to support and save the response.
Ideally, so-called scalping brokers .
• Prohibition of automated trading - there are such companies on the dealing services market; you used an advisor, and in response, your account was blocked. Therefore, before starting automated trading, always inquire whether it is allowed.
There are also companies that guarantee that trading with advisors is allowed .
• Bank brokers - most often, such DCs advertise their maximum reliability, but in most cases this is the only advantage. Moreover, it is quite dubious, since you are dealing not with a bank, but with a company that has received the right to use its name, and as a result of bankruptcy, your money is still not protected.
In addition, the quality of service is poor, and banks' own trading platforms often leave much to be desired.
• Kitchen dealing centers - these are usually companies that exist for only a couple of years, then safely disappear with clients' money, and after almost a couple of months of operation, they begin to accumulate negative reviews about refusals to withdraw funds or return profits.
• Optimal options - there are not many of them left at the moment, without an exorbitant minimum deposit, with a stable platform and real spreads.
The most attractive forex brokers are Alpari , Aforex and EXNESS .
The forex market itself is quite treacherous, you should not aggravate the situation by making mistakes when choosing a broker. You should immediately approach this process with the utmost responsibility before starting large-scale trading, check and double-check who you are dealing with.
