How to objectively evaluate the work of a broker

Today, the desire to earn through active Forex trading is no longer surprising to anyone. Even people far from online trading have probably heard of it. It seems that such wide opportunities promise numerous advantages, but in fact it is not so easy to choose a truly honest, adequate platform.



With whom to cooperate in conducting trade
First of all, you should focus on independent reviews on portals, information on which is formed on the basis of user opinions. So, you will be able to learn, for example, about BCS Forex or other sites. It is possible to get acquainted with their weaknesses and strengths, learn more about the nuances of cooperation. Important conditions:

• When choosing a site, you will not be able to find one about which reviews are exceptionally positive, this is quite normal. But it is important to correlate the volume of negative and positive reviews and analyze each of them.
• In order to simplify the selection process at sites offering information about certain brokers, an automatic rating system is provided. Users can leave both a comment and vote, evaluating the broker’s activities on a ten-point scale. The system automatically summarizes this rating and gives out points.
• In any case, it should be remembered that Forex trading is associated with risks and sometimes very large. General trends in the economy, the political situation, even climatic and weather conditions in certain regions, where, for example, raw materials are extracted, influence.

Criteria for the right choice
Experts advise to pay attention first of all to those platforms that are in the top 20, and even better, in the top 10. Of the positive aspects, it is worth noting the available deposit amount so that it was convenient to work, including for beginners. Other nuances:

• Some platforms offer different investment portfolios. Depending on the amount of invested funds, there are also opportunities for traders.
• A positive fact will be if you are allowed to copy the trades of other traders, that is, limits, restrictions on trading strategies are not implemented.
• It is necessary to specify information about the license on the basis of which a particular site operates.

Of course, these are not all criteria. The fact that Russian-language technical support is present or it works only in a foreign language will tell a lot. A negative factor is called if the technical support of a site stops working at a certain time, for example, after 20-21 hours or on weekends. Professionals know that conducting trading a priori means readiness for the occurrence of emergency situations almost around the clock. Under these conditions, the sappor should be adjusted to ensure the comfort of users.