Which is better to open an account with a broker?
Every year there are dozens of Forex brokerage companies offering online trading services. Among all this variety it is easy to get lost, so the most common question among beginners is: "Which is better broker to open an account?". To answer this question, we need a good understanding of the quality of services, as now in the era of development of the Internet is easy enough to inflate the reputation of unimaginable proportions, but in fact you do not get any high-quality services, no money.
Reliable Forex brokers with a minimum deposit
Reliability criteria quite subjective. For some, a prerequisite is the availability of reliable broker license, it is desirable to FCA, or better yet a banking license, of course, we are not talking about the Bank of Russia, and of the foreign bank brokers, for example, from Switzerland or Germany. For others, the reliability criterion is the presence of high reputation in the market and a great experience (at least 10 years). Of course, it is important to consider all together, but it should be understood that these titans with banking licenses and a high reputation often offer less favorable trading conditions and excessive demands on the minimum deposit. Where did beginners large capital?
We are confident that Forex trade successfully you need the following two conditions:
- High-speed execution of transactions without re-quotes;
- A quick withdrawal of funds.
Both of these conditions are met in the presence of a broker ECN-account with STP / NDD technology. If the broker has ECN-account, which means that it displays the transaction on the interbank market, with the result that you get the best prices from the largest liquidity providers (banks) with minimal spread and high execution speed. In addition, if the broker uses a model STP / NDD, it reduces the likelihood that you find a market maker or a simple "kitchen" that makes a deposit losers traders. This means that the broker will not repair your obstacles, and you easily print your honestly earned money.
Thus, even the young brokerage company with a presence in the ECN-accounts and offering more favorable trading conditions, it may be safer experienced brokers. To definitively determine the order in which broker is best to open an account, check our top Forex brokers in 2017 with a detailed overview of each company and the actual feedback traders.