How can I find a reliable Forex broker

As you start to trade currency the first step should be finding the best Forex broker to work with. Before we go into how to find a reputable Forex broker let’s first establish what brokers are and why they exist.
A broker is a person or a company that handles purchases and sales for their clients. When it comes to Forex, broker’s main role is to provide traders with access to the platform and sometimes guide them through the process.
Very often the success of one’s trading experience relies on the broker. That is why it is important to know how to find a reliable Forex broker for trading.

How to find the right Forex broker

Few things to consider when choosing the Forex broker:

• Which trading platform is used. The platform itself is where all the “magic” happens, so make sure you understand how it works. But do not worry about technicalities and terminology too much at first - you will get to know them as you go. Simply pay attention to whether the platform is user friendly and comprehensive
• Transaction fees. Commission is how the broker makes money, so no matter which one you go with you will always be subjected to a certain transaction cost. Most important thing here is clarity. Make sure you understand all the fees and feel free to ask questions if something seems unclear
• Withdrawal and deposit. Very straightforward here: the process of investing your assets and accessing your profit should be easy and relatively fast
• Speed of execution. The currency market is constantly changing and at times it can get crucial to post your order at the right moment. Ideally your order should be filled by the broker either at exact price or within micro-pips from it
• Customer service. Last but not least, it should be simple to access the customer support team for advice or a technical solution as they can play a great role in the trading process

As you consider the available brokers and choose the right fit your next question naturally is: what should I do when I find out my Forex broker? And thankfully, it has a very simple answer.

What should I do when I find out my Forex broker?

Once you find a broker who’s services suit you best start by contacting them. After the contact has been established you can virtually sit back and relax, letting professionals guide you through the set up process.
And here you go! You are now ready to trade and you have a strong professional team on your side. All that is needed from you is to stay focused and be ready to learn.