When we enter the investment planet we begin to hear words like Trader, Broker, Markets, Stocks, Low and Raise, Take profit, and endless terms. Today we take the trouble to explain what a broker is. A broker is a mediator between a buyer and a seller to make a transaction; there are real estate brokers, insurance, and stockbrokers among many others (stockbroker).
They take charge of providing consulting services to their clients in order to specify the operation (purchase or sale) quickly and safely in exchange for a commission (yes, absolutely no one works without cost). Brokers operate within both a legal and accounting framework and must respond to government or state entities that control them. This ensures that our money does not disappear when we deliver it to you.
To choose a forex brokers USA, it is essential to feel comfortable, we can arrange an interview with the broker or the company to which it belongs and they will show us their infrastructure and operations and then inform us of their costs and commissions. Thanks to the advancement of the Internet and the rapid access to information, brokers compete with each other to provide commissions but lower and better services, it is here where we are favored. In forex brokers USA “https://topbrokers.com/forex-brokers” we have many options where to choose the broker that best suits our needs.
Points to Take into Consideration when Choosing Broker:
1- Legality: The stockbroker or broker with whom we wish to work must be authorized by the National Securities Commission (CNV), it is the only entity that authorizes them to operate in the market legally.
2- Trajectory: In the same way as in any business, the trajectory of a broker is one of the best credits of trust and calm for our investments. If our broker has been operating for multiple years and has already gone through multiple ups and downs of the markets and its clients of the service have always and at all times been able to withdraw their funds; we can be calm that it is a solid company and operates in a transparent way. If they are new agencies of which we have few or no references, however promising their offers, it is better to abstain.
3- International Brokers: If our objective is to operate in foreign markets, the best option is international brokers due to the low costs and high development of online trading platforms. Argentine operators offer the possibility of operating in markets such as the forex brokers the USA, but the cost for such operation is considerably higher.
4- Support in UK: Although we can have a high level of English, it is never enough to have support in the UK from our broker.
5- Leverage: Better known in English as Leverage, this alternative action allows us to make purchases and sales for values greater than the free money in our portfolio.
6- Multipurpose Online Platform: In the markets but developed trading platforms, whether it be a page or software that is accompanied directly by our broker, they allow us to operate in different market genres. With exactly the same free funds in our account, we can buy stocks, currencies, or commodities.
7- Costs: This is not minor data to take into consideration. Certain brokers have a minimum monthly account maintenance cost in the case of not operating (Investing Online, for example, charges $ 34). Likewise, the percentage of commission charged per operation changes substantially. Banks as a general rule charge higher commissions that fluctuate between 1 and 3 percent. Other specialized online brokers charge according to the investor’s profile, the cost is 0.7 percent for initial profiles and up to 0.2 percent for professionals.
8– Conditions: In most cases, newcomers who are initially on a very limited budget cannot afford to choose to trade a large and reliable broker company that has strong regulatory licenses and a reputation in the market. So in this case we recommend that you find the optimal balance between the attractiveness of the trading conditions and the goodness of the broker’s reputation.
Large leverage can allow you to multiply the deposit size several times during the day, as well as to lose all the profit in a transaction in the face of a strong change in the market.
Telling a novice trader about how to choose a Forex broker correctly, it should immediately be noted that maintaining a low minimum deposit level is an excellent opportunity to learn how to work: in this case, you will be able to feel the atmosphere of trading in full rule with low risks. In addition, a reliable US broker in most cases provides its clients with demo accounts, as a platform for training and testing trading strategies.
Before finally choosing a professional broker, pay attention to hidden fees. Broker companies often make the decision to choose and impose on their clients not only spreads for opening positions. These can be additional interest for the withdrawal of funds, provision of services and etc. This point is mainly crucial, if you want to know how to choose a Forex broker correctly and not lose your earned money in the future.