Can you find the perfect broker?

Stable brokerage companies exist, and this is confirmed by numerous reviews of their activities. However, finding your broker is quite difficult, sometimes you have to go through dozens of different options before finding something suitable.



Are there brokerage companies without flaws?
There will be disadvantages in any case, but they should not be significant, seriously hindering the conduct of full-fledged trade. A typical example is saxo bank, a brokerage company that was founded in 1992. Yes, not every such platform can boast of such “survivability” despite the tightening regulations regarding the activities of brokers. However, the following is known:

• Often sites that offer very favorable conditions and have the most positive reviews, unfortunately, imply a high level of minimum deposit, for example, $ 10,000 and above.
• Sometimes there are some restrictions for traders from CIS countries, and we have to admit this. So, it is possible to face a ban on algorithmic trading for participants from Eastern Europe.
• Access to MT4 and MT5 terminals is often limited.

Objective assessment of the situation
For some, the above nuances are a significant disadvantage. These features do not indicate the unreliability of the broker, just not suitable for all traders. For example, having to invest at least $10,000 cuts off a fairly large proportion of potential participants. In addition,

• It is necessary to look at which country, region the site is registered and under the jurisdiction of which laws it is located.
• Evaluate how well the feedback is.
• The advantage will always be for those brokers who do not provide more favorable conditions to residents of certain regions, while other traders, on the contrary, create additional obstacles. There are quite a few people who perceive this “market inequality” rather painfully.

On independent resources, portals, you can see the geography of clients of a broker: European countries, Asian countries, CIS countries and so on are indicated. In addition, you will be able to see this information in the form of visual graphs, diagrams, drawings. But even if there are many positive reviews, you should not rush to start trading, since it is important to evaluate the broker’s performance relative to other sites.

If a broker doesn’t make it into the top 10 or top 20, then some experts don’t recommend starting a trade. Especially if the minimum deposit threshold is thousands or even tens of thousands of dollars. We must remember the common saying that “everything is known by comparison”.