Forex brokers
Trading on the forex exchange occurs according to unique rules, in the formation of which forex market brokers play an important role.
It is brokerage companies that create a set of specific rules that their client, the trader, must obey, and the rules are not always the same and vary depending on the company, so you should be careful in choosing and using certain operating strategies.
These companies are divided into several categories, and depending on who you work with, you can expect a certain reaction to your success.
Moreover, this reaction may not always be positive and pleasant for you.
At the moment, the situation is quite interesting, especially if we look at it from a slightly unusual angle:
• Opponents of scalping - companies that cancel transactions shorter than 3-7 minutes and limit the maximum number of transactions within a day or session.
In order not to lose profits from successful transactions, before opening accounts, carefully read the agreement, especially those places where such points are stipulated; if you do not find any restrictions, send a request to the support service and save the answer.
Ideally, so-called scalping brokers .
• Prohibition of automatic trading - there are also such companies on the dealing services market, you used an advisor, and in response the account was blocked.
Therefore, before starting automatic trading, always ask whether it is allowed. There are also companies that guarantee trading with advisors is allowed .
• Broker banks - 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 not dealing with a bank, but with a company that has received the use of 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.
• Dealing centers of the kitchen - usually these are companies that have existed for only a couple of years, after which they successfully disappear with the clients’ money; after almost a couple of months of work, they begin to acquire negative reviews about refusals to withdraw funds or give away profits.
• Optimal options - at the moment there are not so many of them left, without an exorbitant minimum deposit, with a stable working platform and real spreads.
The most attractive brokers in the Forex market are Alpari , Aforex and EXNESS .
The Forex market itself is quite insidious, you should not aggravate the situation by making mistakes when choosing a broker, you should immediately approach this process with maximum responsibility, before you start trading on a large scale, check and double-check who you are dealing with.