Forex brokers:
- Supply their clients with a forex trading platform
- Provide real-time market quotes
- Execute buy and sell orders
- Allow their clients to trade on margin
- Carry out market analysis and provide recommendations
- Ensure their clients' security and anonymity
Unless you're a major financial institution trading directly in the forex market, you need a broker. How do you evaluate brokers and choose the right one for you?
Reviews
Forex broker reviews are published regularly in the media, and these are a good starting point. They will tell you what services the broker provides and how much they charge. For example, here are some of the services provided by CapproFX , all of which are free:
- Industry-leading Metatrader 5 forex trading platform
- Real-time quotes and order processing
- Trading bonuses up to 50% of the spread
- Dow Jones news feeds
- Daily market data, analysis and tips
- Forex training, seminars and consultation
- Online tutorials and guides
- Analysis of your trading performance
- Android and iPhone applications
- Free deposits and withdrawals
- Fast withdrawal processing
- Trading competitions with prizes up to $3,000
- Partner rebates from 50% to 85%
- 24x5 customer support
Selection criteria
Aside from services and cost, there are a number of other factors you should consider. Your broker must meet the following criteria:
- Have a license
- Carry insurance
- Execute orders quickly and accurately
- Know the forex market inside-out
Why CapproFX ?
We believe in building long-term relationships with our clients. We're committed to your success and embrace the following values:
- Honesty – we always act in your best interests
- Partnership – we provide the tools and information you need to succeed
- Competence – our forex experts know the market and share their knowledge
We encourage you to compare. When you're finished, open a Mini Account or Standard Pro Account.