Things you can do before choosing the Best Broker forex online Broker
Best and Reliable Broker forex online Broker for Indonesian Local Traders
1. Do some research
Just reading broker reviews based on star rating alone does not guarantee.
First, you must define the criteria and things that need to be expected from a broker, and what you want from this business. Then do your own research.
To support your research, you can do itat list of questions to ask to your broker forex online broker candidates, among others:
- What currency pairs will you trade?
- How many spreads are right for you (fixed, changed, how many pips)?
- Do you want to pay commissions for broker forex online trading?
- What type of account would you use for minimal investment (account size)?
- How much l-everage do you need?
- What Indicators tool do you need to run trading?
- What trading platform is needed?
- Are you Scalper?
- Are you a Hedging player?
- Do you need Trailing Stop?
- Do you need the "one-click-trading" or EA robots execution feature?
- Do you want mobile trading features?
- Do you care to choose ECN / STP / Dealing Desk brokers?
- Do you care about the reputation of broker forex online brokers?
- By what means do you send / receive transfer funds (wire transfer, Paypal, credit card..etc)?
- How much are you prepared to pay the transfer fee of receiving / paying the funds (deposit, withdraw)?
- How much is your preparedness to risk losing funds in the event of a loss?
2. Make sure the broker forex online brokers are legally registered
Make sure you check and analyze the broker forex online brokers on the legal entities concerned. In Indonesia, you can check it into the Commodity Futures Trading Supervisory Agency (BAPPEBTI), Jakarta Futures Exchange (BBJ), and Indonesian Derivatives Clearing House (KBI).
3. Facilitate deposits and withdraw funds
There is no reason for a broker forex online broker to make it difficult for you to withdraw funds. A good broker will see to it that you can easily make deposits or withdraw funds.
4. Platform analysis
In online broker forex online trading, the trading platform becomes one of the important factors in finding the best broker forex online broker, because the majority of trading activity is executed through trading platform provided by broker forex online broker.
Some things to consider when trying the broker's broker forex online trading platform are:
- Are the features provided you can use optimally or not?
- Is provided account information? It lets you track and manage trading transactions efficiently.
- Are there easy-to-understand charting tools (price charts)?
- And is provided any other information required in your trading?
5. Order Fulfillment (Execution Order)
Broker forex online brokers have an obligation to meet client orders at the best price. When the market is in normal condition (normal liquidity, no important news is broadcast, or major events), there is no reason for a broker forex online broker to not meet the client's order at, or at least close to, the market price seen when the client presses the ' buy 'or' sell 'on their computer.
In addition to some things you should consider before choosing the best broker forex online brokers, here are tips on choosing broker forex online brokers are genuine and trusted.
1. Allow all kinds of trading techniques, including scalping, martingale, etc .;
2. Allowing hedging or locking;
3. Do not allow transfer with 3rd party, due to security factor and legality of money laundry (transfer must be with Bank Transfer directly to the brokerage company concerned, NOT BULL with unlawful media such as Liberty Reserve (LR), Voucher and transfer point with individual or different names);
4. Leverage provided starting from 1: 100. Ideally 1: 200 or max 1: 400. Do not be more like 1: 1000 because it will actually blow up your trading account.
5. Know the long establishment of the brokerage company. Minimum must be over 5 years.
You will not hand over large sums of money to people who only claim that they are legally / legally registered.
By doing broker forex online trading, you are risking investment funds are not small. The greater the yield, the greater the risk.
So bijaksanalah in choosing broker forex online brokers and broker forex online trading company. Remember, choose a broker forex online broker with a good reputation, and do not trust ratings, awards and the like that show they are the best brokers. Unless the rating is a truly trustworthy institution like Forbes, Fortune, INC, Barons, Deloitte. Beyond that institution should not