Choosing the Best Broker forex online Broker (Part 1)
In broker forex online business, choosing a broker is one of the important points that can determine which direction the future of your trading activities. Often broker factors can be a determinant of your business profit loss.
Can be likened to choosing a business partner or even a life partner. The right broker will be able to increase the profit and value of your investment portfolio.
The wrong broker, will only undermine not only your profit but also your capital. Therefore you should not choose your broker forex online broker. Make sure you choose the best broker forex online broker for your lasting broker forex online business.
Then how to choose the best and reliable broker forex online broker? Here are some quick guidelines that you can make referrals in determining which brokerage options are worthy of a successful partner broker forex online trading you.
Has Regulation
Just as you choose a Bank for depositing funds or choosing a trusted insurance, an official license from a national financial institution / regulator is one of the most important factors of choice.
Generally every country has an official regulator that oversees, consents and advocates broker forex online trading activities or other types of financial / Derivatives business.
Financial sector business regulators of developed countries certainly have many advantages and better privileges than the regulators of developing countries, especially when compared with remote countries, certainly further class.
How to recognize developed countries in financial business or strong monetarily & financially? It's easy, you can find out by recognizing the world's strong currencies that are often a barometer of the currencies of other countries.
These are the rulers of the international broker forex online market. Currency pairs from the following countries are often traded by global traders.
USD = United States Dollar
JPY = Japanese Yen
GBP = British Pound
EUR = Euro Western Europe (Germany, France, Italy, etc.)
AUD = Australian Dollar
CAD = Canadian Dollar
NZD = New Zealand Dollar
So if you want to choose the best broker forex online broker, good & reliable, the first point is to choose a broker that has been officially regulated in the countries above. No problem of origin has been officially licensed from one of the seven countries above.
It also owned IC Markets as one of the best broker forex online brokers. We have an official regulation of ASIC (Australian Securities & Investment Commission), the official regulator in Australia. One of the Big Seven countries (7 countries are strong in the global broker forex online & market financial industry).
Has an Office
The second factor in choosing the best & trusted broker forex online broker is the existence of a clear head office. In the world of online broker forex online, it is no secret there are many brokers who do not have an official office or have an office but in a small remote country.
Of course this greatly reduces the value of credibility and the broker concerned. In fact many fraud & scams occur by brokers who come from remote countries so difficult to be investigated and given legal sanctions.
It would be very different if you choose a broker from developed countries and have a clear office / real. Of course it will be more convincing because it means they are very serious in running this business and professional in managing your funds.
Opening offices in major countries such as the US, UK & Australia is certainly not an easy matter, a strong permit requirement and strict supervision of the country's regulators are required.
Especially when the business manages large funds from traders around the world. The safety factor and credibility are number one.
So it is with IC Markets International. This broker forex online broker already has an official office that you can check your own truth. Here's the address of ICMarkets:
International Capital Markets Pty Ltd
Level 6 309 Kent Street
Sydney, NSW 2000
Phone: +61 (0) 2 8014 428
Honest and Transparent
The third factor after you make sure your broker meets the first two requirements is the factor of fairness. Perhaps this is the key to our long-standing trading business.
In fact not just in broker forex online business, but almost in all businesses, even in everyday life. Honesty is the ultimate value that should not be broken.
A currency that is the most valuable and applicable worldwide. Imagine if you already have a proven strategy and deep analysis, suddenly your prediction becomes upside down 180 degrees, just because your broker is manipulative. It really hurts it is not it? when your business partner betrays your struggle.
Broker forex online business has gaps that are sometimes unknown traders, the gaps is often used brokers to cheat to turn your profit into a loss.
Usually they manipulate spreads, giving big initial bonuses as towing and positioning as dealing desks.
Professional brokers, usually rarely lure prospective traders with grandiose promises. While the scam brokers and brokers are very attractive in attracting prospective traders.
Therefore we need to be careful and not promised big profits, both in terms of bonuses and leverage. Broker forex online is a logical and rational business, so use your common sense and your conscious mind. Do not be easily seduced by emotional outbursts and hooked by the broker's seduction.
The best & trusted broker forex online broker positions itself as an intermediary between traders and the broker forex online market, not as a dealer who collects customers' funds for later trading.
True broker forex online brokers are always in a neutral position, because of its status as an intermediary, whatever happens in the market that is delivered to the client.
But broker forex online broker scam position itself as a dealer who is often opposed to traders. If the trader profit bandar loss, if the trader loses the city of profit. Therefore they try to outsmart that traders can not win. This is what we need to be aware of.
Therefore choose a broker who is a broker, not a dealer. A true credible broker does not use requote and manipulate spreads. They type No Dealing Desk (type ECN, DMA & STP).
Notice if your broker belongs to the three types. As well as IC Markets which type of ECN broker. If yes then we congratulate, one of the important factors you have secured.
We will continue the discussion of brokers in the next section, may be useful.