The best Forex broker in the world? Maybe this question sometimes comes to your mind, in fact which broker can be said as the best forex broker.
Usually, this question arises when you are looking for a preferred broker. Which broker is best for online trading ? its relative. Every trader has their own point of view and choice. Every trader has experience, and certainly has their own conclusions.
Characteristics of a Qualified Broker World
World-class qualified forex brokers generally have the following characteristics:
Listed in the official Regulatory body
One of its key features is that they are officially registered in the well-known official regulatory bodies such as the NFA of America, the European CFTC, the English FCA, and the Australian AICs. To enroll in this regulatory body, they must undergo strict screening and requirements. In addition it must also follow the rules of the baan regulator is also tight.
In addition to being registered in an official regulatory body, usually the best forex brokers in the world have been in operation for quite a while. Not infrequently they are already operating long before the online retail trading system is booming and accessible to everyone.
Reputation is good
Every best forex broker will have a good reputation among traders. This reputation they get from the quality of service they provide, not from advertising results or the like. If their reputation is good, it will automatically also have a viral effect and will be better known among traders.
Has a Strict Rule
Typically, this broker category has strict rules and compliance with guidelines from respective regulatory bodies. The trading conditions that exist in the broker are written clearly in a special page that you can learn.
Some big brokers that we think can be included in the best broker category in the world such as Interactivebroker, Oanda, FXCM, Dukascopy, Alpari, and so forth.
Which one is better, outside broker or local broker?
Some traders prefer outside brokers because they offer more flexible trading conditions. However, local brokers have also begun to improve their services and can now be more affordable by the wider community.
To find the best forex broker, it would be better if tailored to the needs and circumstances of each trader itself.