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TOP-10 best brokerage offices from IAFT helps a trader in choosing a partner
The impossibility of independent trading on the world foreign exchange market puts before any trader the problem of the optimal choice of a broker, carrying out all operations and performing the function of an intermediary between him and the interbank. Exactly, the right choice of broker is the main condition for the success of any trader, since it depends on the definition of trading conditions, additional bonuses, a set of available tools, etc. Professionals of IAFT, presenting their clients 10 best Forex brokers, are not limited to their simple list, but analyze what criteria brokerage offices are included in this list, thereby helping the beginner to take a balanced approach to choosing a partner capable of providing him with a trading debut on the most favorable and comfortable terms.
Basic selection principles
A large number of brokers offering their services, often baffles, going to start a career trader, a beginner, because they all offer different terms of cooperation. Coming to the aid of future traders in their choice of a brokerage organization, IAFT specialists advise them to follow the principles of:
- preventing haste in making a decision, a thorough study of the conditions of Forex brokers with a focus on the most important parameters for themselves;
- objectivity in assessing its capabilities, both financial and technical, taking into account the current limitations of a particular broker;
- preference in favor of the leaders of the rating, guided by the analysis offered by the ITF.
What criteria to choose
The IAFT recommends beginners, choosing the most acceptable broker, to be guided by the following main criteria for their evaluation, consisting in:
- reliability and convenience for those who are not very versed in the Forex market, moreover, only brokerage organizations operating in the market for at least 3-5 years, licensed from a local or international regulator and widely known in financial circles were included in the TOP-10;
- the content of trading conditions, the first point of which is the minimum deposit, and then the availability of various types of accounts, etc.;
- assessment of the company's reputation based on real reviews of other traders published on the IAFT website;
- the speed of input / withdrawal of funds, the existence of commissions;
- availability of special loyalty programs or bonuses;
- The speed of the customer support system.
The TOP-10 brokers created specifically for beginners include brokers with: a minimum entry threshold, significant financial bonuses at the initial stage, wide opportunities for training, free training programs, as well as additional opportunities that facilitate earnings, which minimizes the mistake of a novice trader when choosing the most acceptable broker for him.
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