Check 6 Crucial Things to choose a forex broker:

1. Security

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.

5. Execution

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.

What Forex broker do we recommend?

Based on the above and the experience of about 14 years of our activity in the Forex market, we offer you Alpari Broker.

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%

The spread is the difference between the Ask and Bid prices of a currency pair at a given moment. This makes up the bulk of a Forex trader’s expenses. The lower the spread, the more profitable a trade can be.

ECN commission refund of up to 20%

ECN account types give traders access to interbank liquidity, minimal spreads, and instant execution of orders using ECN technology. The commission charged for trading on these accounts depends on the volume of the position opened and the type of instrument.

Negative swap refund of up to 40%

A swap is a fee for keeping a position open overnight. The swap is calculated from the difference between the interest rates set by each currency’s central bank.

Deposit commission refund of up to 50%

As a rule, commission is charged when making a deposit, which can either be fixed, or depend on the deposit amount.

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.

Exchange for cash

If you can’t find a discount that suits you and you want to use your points another way, you can simply swap them for cash. To do this, select the amount of points you’d like to convert in myAlpari, and they will be exchanged at Alpari’s ALPUSD exchange rate.

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