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What to look for when choosing a forex broker?

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bemay191 Posted Anonymous deleted answer

What to look for when choosing a forex broker?

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Fanni Too201

If you plan to trade positionally, i.e. open deals and hold them for weeks and months, then there are no problems – you just choose any broker known on the market. The main thing is that the broker is reliable, with experience, reputation, high turnover and the number of active clients.

But, it should be noted that the majority of traders at first try to trade as often as possible – one or several transactions in one day. Here, an important factor when choosing a broker will be what commission he will take for it. If a broker takes a large commission, then it is already unprofitable to work with him.

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