Beginners must always hire trained and regulated brokers . For there are fraud brokers and there really are fraud brokers who try to fool new traders lacking the required skills so especially the new traders must go only for trained and licensed brokers!
The key is to understand how it really works and who is right to work with. I was losing funds to a broker and by the time i realised it, i had already lost $52000 which was over half of my savings. I met a friendly trader and she directed me to the recovery agent Mr Bart Kasch. He helped me recover all my money, every penny. Referred him to friends and colleagues already, you can contact him if you need help at [email protected]
Following factors should be considered before choosing a broker: 1. Regulation 2. Good Support and Short Response Time. 3. Provides a demo account. 4.Good trade execution speed.
The broker is an important element in the forex market. A trader has to choose a broker to trade in a forex market. Earning profit mostly depends on a broker and its rules and regulations and the features of them. It is very difficult to find a suitable broker for this huge market. I choose a broker from the information given by AtoZ Markets. It helps me to find a suitable broker and make my trading easy.
I have been using Forexchief broker for more than 12 months, and till now there has been no foul play. You are right, using a licensed broker is the best.
