Forex Brokers with the Highest Traders Rating

A good broker must be able to ensure the safety of the client's funds. Aside from obtaining licenses from trusted authorities, it's also important to have preventive measures that could save traders from doom. One of the easiest examples is negative balance protection, which ensures that traders are never in debt with their broker. In other words, the trader's balance will never be negative. This is why it's an important aspect that every good broker must have.

Some traders may not find this feature that significant, but it's something that many people would be grateful for. The truth is that there have been many cases where traders ended up owing money to their brokers. To prevent a repetition of similar events, the availability of negative balance protection can be very helpful.

Continue Reading at 5 Things to Rate in Forex Brokers Quality

If you're looking for a good broker, make sure that it offers favorable trading conditions. This includes offering low fees, low commissions, low minimum deposits, and higher leverage. More specifically, find a broker that fits your criteria and fulfills your trading needs. For instance, choose a zero-spread broker if your trading strategy is spread-sensitive or if you want to press the cost as much as possible. It would be helpful if you make a comparison table between several brokers before deciding where to register.

Continue Reading at 5 Things to Rate in Forex Brokers Quality

Because it is almost impossible for promotional websites and paid reviewers to mention a negative review about a broker.

While a genuine reviewer can also leave a positive review and praise the broker for their services, they would state the reasons clearly instead of just saying how good the broker is, and maybe add some flaws that the broker has despite the other excellent services.

Keep in mind that getting negative results in the reviews does not necessarily mean that the broker is straight unsafe or bad. It shows the reality of how forex brokers offer their service; there will always be a trade-off that traders need to weigh on carefully.

In fact, showing just the positive side of a broker is not realistic and may seem dangerous since it is just what a scammer would definitely do to attract clients.

Continue Reading at How to Avoid Fake Broker Reviews

In general, compared to scam brokers, honest brokers are more clear and straightforward in most aspects of their facilities. Other than that, some of the more specific characteristics in an honest broker are:

• Clear regulations and office addresses.
• Responsive customer support, at least in the working days.
• The trading facilities provided are transparent and synchronous.
• The website is well-maintained, updated, and equipped with a disclaimer that the profit in forex trading is proportional to the risk.
• The broker is recommended by other traders or trusted sources. For example, the regulation can be cross-checked, the name often quoted by famous news agencies or positive reviews from clients.
• Withdrawals are processed with minimum or no difficulties.

Continue Reading at 4 Common Types of Forex Broker Frauds