Wednesday, June 3, 2009

4. Selecting a Forex broker

There are many Forex brokers to choose from, just as in any other market. When you are browsing for Forex, ask questions below:

  • Does the FX broker offers low spread value?
  • Is the FX broker registered with related authorizations such as FCM?
  • What kind of tools does the FX broker provides?
  • What kind of margin options are there?
  • Does the FX broker provides live customer supports?
  • Does the FX broker offers demo account for beginner traders?
  • If you do not have sufficient capital, check whether the FX broker offers mini account that requires low startup funds.

Asking questions above will help you in choosing the right Forex broker. For entry level, we suggest our users to start Forex trading with FinoTec. Click here to visit their official website and check out their deals.

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