Check 6 Crucial Things to choose a forex broker:
The first and foremost characteristic that a good broker must have is a high level of security. After all, you’re not going to hand over thousands of dollars to a person who simply claims he’s legit, right?
2. Transaction Costs
Every single time you enter a trade, you will have to pay for either the spread or a commission so it is only natural to look for the most affordable and cheapest rates.
3. Deposit and Withdrawal
Good forex brokers will allow you to deposit funds and withdraw your earnings hassle-free.
4. Trading Platform
In online forex trading, most trading activity happens through the brokers’ trading platform. This means that the trading platform of your broker must be user-friendly and stable.
Under normal market conditions (e.g. normal liquidity, no important news releases or surprise events), there really is no reason for your broker to not fill you at, or very close to, the market price you see when you click the “buy” or “sell” button.
For example, assuming you have a stable internet connection, if you click “buy” EUR/USD for 1.3000, you should get filled at that price or within micro-pips of it. The speed at which your orders get filled is very important, especially if you’re a scalper.
6. Customer Service
Brokers aren’t perfect, and therefore you must pick a broker that you could easily contact when problems arise.
More About Alpari Broker
The Alpari brand
The birth of the brand
On the 24th of December, 1998, a small provincial dealing centre called Alpari opened its doors to the public.
Since then, the Alpari brand has undergone an enormous journey of development to reach the very peak of the industry.
Forex is better with Alpari Cashback
Spread refund of up to 20%
ECN commission refund of up to 20%
Negative swap refund of up to 40%
Deposit commission refund of up to 50%
Improved conversion rate of up to 40%
When making a multi-currency transfer, there is a charge for converting the currency, which can be quite substantial. When you make a multi-currency deposit, the conversion is carried out at the company’s internal exchange rate, which differs from that of the central bank.