Hello Guest, if you are reading this it means you have not registered yet. Please take a second, Click here to register, and in a few simple steps you will be able to enjoy all the many features of our fine community. Note that lewd or meaningless nicknames are prohibited (no numbers or letters at random) and please introduce yourself in the section for you to meet our community.
pcm brokers pcm brokers pcm brokers
Results 1 to 2 of 2
  1. #1
    Trader
    Join Date
    Apr 2020
    Location
    Bangladesh
    Posts
    50
    Post Thanks / Like
    Credits
    91
    My Language
    English

    How to choose a best brokers for your forex business.

    Forex boasts a daily trading volume of $4 trillion on average, which makes it the largest and most liquid financial market in the world. However, there is no central marketplace for foreign exchange trading. Each trader must choose a brokerage on their own. Choosing a forex broker is never easy.


    Before the onset of online retail trading however, forex trading was only possible for big banks, financial institutions, funds and multinational companies, who are still the major players in the game. What has changed however nowadays is that now everyone can participate in forex trades, provided they have a broker to give them access to the forex market.


    Since making a forex trade in reality means selling one currency and buying another, the broker’s role is to connect each trader with buyers and sellers for those currency pairs they are trading on. To make your trade possible, a forex broker will either match it to other traders connected to them, or transfer it to the interbank market.
    Here are some tips, how you can choose a good broker.


    1. Spreads, Costs And Trading Conditions
    When choosing a broker, an obvious consideration is pricing or transaction costs. With cut-throat competition between the best brokers around the globe, retail investor accounts can now access ultra-tight institutional-grade pricing.


    2. There are forex brokers that cook things up and trade against you.
    This myth is not valid simply because it is a fact that all forex brokers work according to one business model. There may be differences in their offering, in their attempt to differentiate and stand out, but the main principle is the same. The application of this model is not preventing traders from making money, through successful trades.


    3. Fees and Commissions
    Amount of fees and commissions declared by a forex broker is sometimes crucial for a trader making their choice of which forex company to trade with. With some market makers it can be found that they charge no fees and no commissions. In such case they earn from spreads, so check how many pips have to be paid to the broker per trade.


    4. Straight Through Processing (STP) Brokers
    The second major category comprises No Dealing Desk (NDD) brokers. As the name implies, such brokerages have no dealing desks because they act as intermediaries between traders and other market participants, such as banks, hedge funds, mutual funds, other clients, and even other brokers.


    5. You should stay away of all offshore companies.
    The offshore licensing and registration of forex brokerages is a hot trend in the industry, mainly caused by increasing pressure on brokers from regulatory authorities in non-offshore jurisdictions, coupled with the more favourable tax and other conditions brokers can benefit from when setting up their business in offshore locations. To find out more about the how’s and why’s of this, you can read our enlightening, pertinent article on How to Obtain An Offshore Forex Broker License when Setting up a Forex brokerage.


    6. Bonuses and Promotions
    Bonuses and promotions are sometimes a key factor determining the trader’s choice of a forex broker. These days those brokerage firms are more popular and attractive which not only offer good trading conditions, but also have extra incentives.


    You can learn more about forex trading at forum.forex
    forum.forex - Online Forex Forum for Currency Market Traders, Forex Brokers, Forex Signal Providers, and Currency/Forex Market Education Resources.
    Last edited by Quiinhome; 09-13-2021 at 06:05 PM. Reason: highlight

  2. #2
    Senior Trader
    Join Date
    Dec 2020
    Location
    Asia
    Posts
    102
    Post Thanks / Like
    Credits
    32
    My Language
    English
    We need to select of foreign exchange broker that is both reliable as well as a reputed broker.


    FXOpen - one of the most successful and fastest-growing Forex brokers.
    UK & AU regulated. ECN, STP, Crypto, Micro, PAMM accounts.

  3. ARIONFORXtarder
 

 

Tags for this Thread

Bookmarks

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  
Powered by vBulletin® Version 4.2.5
Copyright © 2021 vBulletin Solutions Inc. All rights reserved.
Credits System provided by vBCredits II Deluxe v2.1.1 (Pro) - vBulletin Mods & Addons Copyright © 2021 DragonByte Technologies Ltd.
Feedback Buttons provided by Advanced Post Thanks / Like v3.3.0 Patch Level 2 (Lite) - vBulletin Mods & Addons Copyright © 2021 DragonByte Technologies Ltd. Runs best on HiVelocity Hosting.
All times are GMT +4. The time now is 04:01 PM.
CompleteVB skins shared by PreSofts.Com