Due to the ever-expanding interest in trading currencies by the public, new brokers are constantly popping up in the trading world. This gives the current trader many advantages over traders that participated in the markets just a few short years ago. Every day it seems that there is a new and improved version of the forex broker, and as such ג€“ it can lead to a lot of advantages due to competition, but it can also be very confusing at the same time for both new and experienced traders alike.
Add to this the issues of reviews by disgruntled traders, and the situation can be quite daunting as there are literally hundreds if not thousands of firms to choose from, and several different business models as well, meaning that the decision can be a very complex one. In this guide, we will look at some of the most important aspects of choosing a broker in the hopes of clearing up the decision making process you will undoubtedly find yourself in at one time or another.
Table of Contents
3. Popular Platforms and How to Choose the Right One for You
4. Broker Types and their Spreads or Commissions
5. Account Types
6. Customer Service
7. Additional Services
8. What are the right Questions to ask Before Opening an Account?
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