A future trader, seeking the most profitable to invest funds and achieve profitability of his trading in the financial market, must take a responsible approach to choosing the most reliable and promising Forex broker. However, it will take a lot of hours and effort to analyze the activities of all companies and get acquainted with reviews about them. Considerably simplifies the solution of this problem by using the services of the ITF, whose experts have been carefully analyzing the state of the financial market for more than 10 years. Its portal presents all forex companies whose rating is reflected only objectively in a rigid reference to real time. Based on this information, the trader, literally, in minutes will decide on the choice of the most suitable broker.
Selection parameters
Having the necessary experience, IAFT experts recommend future traders when choosing a Forex broker, based on the assessment of the following parameters of its functioning:
- the duration of work in the Forex market, since companies over the years are increasingly paying attention to their reputation, which has a positive effect on the fulfillment of their obligations. In addition, during this time, a greater number of customer reviews accumulate, allowing you to judge the broker more objectively;
- the presence of a license from the relevant official financial institution, indicating not only that the broker is under the constant control of the regulator, but also that his financial position is fairly stable;
- the country of registration of BC, the existence of a network of representative offices and offices, its ramification, indicating the level of the company;
- offered trading conditions: the number of trading instruments, minimum spreads, additional services and bonuses;
- the state of customer support service, the speed of response to their requests, which largely characterizes the reliability of the broker;
- Direction (positive or negative) reviews about BC.
The main factor in choosing a broker is his position in the relevant IAFT rating, reflecting the results of the BC audit taking into account more than a hundred parameters and objectively characterizing its status, compared with competitors in the market.
Effective algorithmic matrix
Guided by the algorithmic matrix developed by IAFT professionals, the portal reflects the overall average score for each company, as well as its rating place, taking into account the categories:
- Financial – with 38 criteria;
- Reliability with 27 criteria;
- Safety – with 18 criteria;
- level of trading services with 15 criteria;
- Customer support with 15 criteria.
Thus, using the services of the IAFT, a future trader or an already experienced participant in the Forex market who wants to change a broker will be able to approach the choice of the BC with maximum objectivity.