Change broker in time.

Most beginners, when starting Forex trading, think that the most important thing is to learn how to make a profit, and this is undoubtedly true, but such an aspect as the reliability of the Forex broker with whom trading is carried out is also important.

The financial sector contains a lot of risks, and currency trading in particular, so your brokerage company can die at any time.

There can be quite a few reasons for this phenomenon - problems with law enforcement agencies, lack of funds, lawsuits, etc.

But the main thing is not to find out the reason for the current situation, but to notice the approaching danger in time and draw the right conclusions. The consequence will be the withdrawal of funds and registration with another broker.

 When should you change broker?

1. Once you have heard about his problems, it does not matter where the information came from, even if it is just rumors.

By switching to another company, you only lose 1-2 percent when transferring funds; by staying with your broker, you risk losing everything. 2. Delays in the transfer and withdrawal of funds - currently, according to modern transfer systems, money arrives within a day at most.

Of course, an error cannot be ruled out, but if regular delays begin to appear when ordering a withdrawal, this clearly indicates the emergence of problems with solvency. Excuses of the type - many orders, weekends, etc. - are just that - excuses; the broker works according to a fairly simple scheme.

And a lack of funds most often indicates a deterioration in the situation. Especially if delays become the rule. 3. An increase in the number of negative reviews can be either a consequence of a deterioration in the quality of service or the machinations of competitors, but still this fact cannot be ignored, especially if you yourself have noticed negative changes.

Reorganization of the company - if a broker has changed his name, this also does not speak in his favor, why change an already well-known logo and established reputation, because a reliable broker , as a rule, has a solid work experience.

If one or more of the events mentioned above took place, do not be lazy to withdraw funds and open an account with another broker; without such problems, delay can result in big troubles.

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