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 4 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.