A lot of people asking for best broker that can gives him best conditions of trading especially in Forex market ,without scamming him or stooling their hard winning money .
Here in this little article ,i will show you how to choose good brokers without a lot of pain in the head ;
1-Are this broker regulated? if yes (+3) if no (-8);
2-did it accept US clients? if yes (+1) if no (-1);
3-what is its type of regulation? NFA ,CFTC,FCA, (strong regulators )(+1) ;CYSEC(low regulation)(+0).
4-is there any manipulation of the price on chart? if yes (-5) if no(+1) ;
5-is the Spread tight enough (less than 2 pip )for majour currencies like EURUSD USDJPY GBPUSD? if yes (+1) if no (+0);
6-is there a requotation? if yes (-2) if no (+1);
7-is there any additional commissions without swap ? if yes (-2) if no (+1);
8-how long take withrawal? if less than 3 working days(+1)is less (+2) is more(-2)
9-is the platform stops sometimes? if yes (-2) if no(+1);
10-is this broker has a good reputation ? if yes (-1) if no(-1);
11-is this broker offers a variety of withrawal's, deposit solutions? if yes (+1) if no(-1);
12-is this broker accepts deposit with paypal? if yes (+1) if no(-1);
13-is this broker offers indices ,ETFs,bonds,shares to trade in addition to forex? if yes (+1) if no(-1);
14-is this broker allow scalping? if yes (+1) if no(-2);
15-is there restrictions on trading strategies? if yes (-2) if no(+1);
16-are the clients money sugregated in separate bank accounts? if yes (+1) if no(-2);
17- is this broker offers a withrawal solution like ATM cards (Mastercard,Visa...)? if yes (+1) if no(+0);
18-is the execution fast enought? if yes (+1) if no(-1);
19-is this broker allows algorithmic trading ? if yes (+1) if no(-2);
20-is this broker offers fast and helpfull customer's care ? if yes (+2) if no(-2);
------------------------------------------------------------------------Results------------------------------------------------------------------------------
18----20 Verry good broker
16-----18 Good broker
12-----16 meduim broker
<12 bad broker (Not Recommended : high probabilité to be scammed)
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