Connect with us

Hi, what are you looking for?

Jewish Business News

Articles & Blogs

Five Factors to Consider When You Choose a Broker

*By Contributing Author

Nowadays, anyone can start his or her trading career with the help of the Internet and a certain amount of money to use for bidding. The new trader with little to no experience who doesn’t have extensive finances needs a responsible broker or a dealing center in order to succeed. If you choose a reliable broker, you are on well on your way to becoming a successful trader.

Please help us out :
Will you offer us a hand? Every gift, regardless of size, fuels our future.
Your critical contribution enables us to maintain our independence from shareholders or wealthy owners, allowing us to keep up reporting without bias. It means we can continue to make Jewish Business News available to everyone.
You can support us for as little as $1 via PayPal at office@jewishbusinessnews.com.
Thank you.

So, without further added, we would like to highlight five important criteria for choosing the best broker to work with. Here they are:

  1. Reputation. Reliability and quality of work are the most important criteria you need to keep in mind. Pay your attention to the age of a trading agency. Of course, you can also find a fair company among young brokers. But, according to statistics, the majority of newly appearing agencies you will encounter are scams and fly-by-night companies. Always check the information written on the broker’s website: read reviews or check ratings. To find out the rating of brokers, just visit some reliable review sites presenting reliable information in real time.
  2. Trading conditions. These also influence your income from trade directly. SWAPs, spreads, and commissions seem to be rather small expenses. But if you look closer, the difference between various agencies may be twice the sum or even more. Therefore, pay proper your attention to this point as well.
  3. Technical support. The professionalism of technical support is of great importance for the beginners because they are looking for help more often than experienced traders. Some brokers even arrange special training for freshmen or post educational articles and videos about indicators and other trading features on their websites.
  4. Security. Surely, the money transfer security is crucial. The convenience of payments and withdrawals, security standards, the rate of payment, the degree of account protection – all these points are essential for each trader, and especially for the beginner.
  5. Software. The software is also crucial for everybody who wants to become a good trader. One program crash at the wrong time can bring the trader steep losses. This can be avoided by choosing еру proven programs. The possibility to trade from your mobile phone is very tempting. As a consequence, almost all trading agencies have their own software for mobile trading.

Taking into account these five factors, you will choose the best company and establish money-making trade on the market.

disclaimer: Jewish Business News is not responsible for the content of articles provided by contributing authors

 

Newsletter



Advertisement

You May Also Like

World News

In the 15th Nov 2015 edition of Israel’s good news, the highlights include:   ·         A new Israeli treatment brings hope to relapsed leukemia...

Entertainment

The Movie The Professional is what made Natalie Portman a Lolita.

Travel

After two decades without a rating system in Israel, at the end of 2012 an international tender for hotel rating was published.  Invited to place bids...

VC, Investments

You may not become a millionaire, but there is a lot to learn from George Soros.