Guide: How to Choose a Forex Broker

Selecting the right forex broker for your needs may be challenging. We hope this ‘how to choose a broker’ guide, will assist you in making the right decision.

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Things to Consider When Choosing a Broker

Select a Broker helps you find, review, compare and select an online trading and investment broker in Japan. Begin trading, buying and selling stocks, shares, bonds, futures, commodities, currencies, forex, options, mutual funds, gold, oil, silver, ETF's and CFD's online, from your desktop or mobile.

Go To Transworld Futures Website. Go To SwissDirekt Website. Go To Corsa Capital Website. Go To Solidity Brokers Website. Go To FinFx Website. Go To Axiory Website. Read Lebanese Dealers Corporation Review. Go To XM Website. Go To thinkorswim Website. Go To Traders Way Website. Go To Speed Trader Website. Go To Daniels Trading Website. Go To Bulbrokers Website. Go To Dif Broker Website. Go To Squared Financial Website. Go To Sucden Financial Website. Read Global Market Index Review.

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Go To MTrading Website. Go To Tallinex Website. Go To Financika Website. Go To FreshForex Website. Go To Umarkets Website.

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Go To Swissquote Website. Go To 12Trader Website. Go To EZinvest Website. Read Global Brokerage Inc Review. Go To Atiora Website. Go To HereForex Website. Go To Fullerton Markets Website. Go To Arum Capital Website. Read Royal Financial Trading Review. Go To Formax Website. Go To Wise Trader Website. Go To ZuluTrade Website. Go To Darwinex Website. Go To Key to Markets Website. Go To Alfa Financial Website. CFTC menyatakan, ke perusahaan itu secara ilegal menghimpun publik untuk terlibat dalam transaksi mata uang asing forex.

Padahal, operasi mereka tidak terdaftar di CFTC ataupun di lembaga pemerintah manapun secara legal. Gugatan ini dilakukan sebagai tindakan hukum pertama setelah CFTC memberlakukan aturan baru dalam transaksi valas yang efektif mulai Oktober Aturan baru itu mengharuskan perusahaan yang ingin berpartisipasi dalam pasar forex mendaftar pada CFTC atau di suatu lembaga pemerintah yang resmi.

Adapun ke perusahaan yang digugat tersebut adalah. Baca ini juga di: CFTC adalah suatu lembaga pengawas milik pemerintah yang bertugas untuk mengontrol dan mengawasi jalannya perdagangan forex dan komoditas, khususnya untuk perusahaan keuangan yang beroperasi internasional. Tidak tertutup kemungkinan untuk perusahaan forex lainnya yang ilegal, juga akan digugat pula untuk kasus berikutnya. Broker negara Australia yang aman kira2 broker mana pak,saya dengar dari kawan paling aman yaitu broker dari Australia katanya.

Kami sarankan Bapak pelajari ini Pak untuk cara memilih perusahaan broker yang aman ya: Broker broker yg legit legal dan recomend bnget tlg di share donk…soalnya saya newbie dan masih awam bnget. Baca ini ya Pak cara memilihnya http: Sekedar saran, bagi para member brokerforex. Krn sering kali terima pertanyaan dg topik yg sama diajukan di forum ini. Dg procedure spt ini para newbie akan temukan jwban dari pertanyaan mrk yg bener2 komplit plit plit…hehe.

Sebab cyprus ini negara yang sedang krisis ekonomi berat dan hampir bangkrut, jadi kalau ada apa2 maka pemerintahnya tidak bisa menjamin. Tapi menurut kami broker ini kurang bagus dari pengalaman kami mencobanya tsb.

Selain itu eToro ini tipikal broker bandar, dan copy trade dia itu menurut kami kok berbahaya, sebab dia itu tidak netral dan bisa dicurangin di copy tradenya. Beda dengan copy tradenya punyanya Zulutrade yang dimana dia adalah multi broker sehingga sifatnya lebih netral.

Baca ini juga ya: Di zulu trade dg copy trade-nya terkoneksi dg multi broker. Saya lihat slippage-nya paling kecil. Jika dia sebagai broker juga, berarti kita bisa trading disana dong…. Zulutrade itu bukan broker, tetapi dia adalah web untuk wadah semacam komunitas para signal provider. Baca ini juga ya tentang forex copy dari zulu trade tsb: Jika Master berkenan memberikan informasi, sebaiknya kita pakai broker apa ya, untuk trading lewat Zulu Trade?

Tentunya dg berbagai analisa termasuk faktor slippage …. Bagaimana menurut master tentang Agea? Dan menurut master tentang Oanda? Tetapi kalau aman maka broker itu jelas tidak aman ya. Oanda itu bagus Pak dan regulated, tetapi Oanda ini leveragenya jelek dan fiturnya kurang banyak.

Bapak bisa apply kartu kredit dulu saja di bank2, mudah kok. Dan pakailah risk management ya. Boss Pengen tau mengenai http: Hi Master, Mohon pencerahannya, saya baru ini trading di mysmartfx. Tapi setelah trading beberapa kali, sy kena masalah seperti stop loss. Anehnya, account saya minus. Apakah hal seperti ini memang wajar?

Padahal di regulation webnya, kalau running price dibawah stop loss atau buy limit, otomatis done pada level yg dipasang. Mohon penjelasannya Master, saya jadi bingung harus bertanya kemana soalnya. Dan apakah saya bisa complain hal ini ke bapebbti? Terima kasih banyak sebelumnya Master. Lihat saja alamatnya kan di British Virgin Island. Itu kalau tahu Bappebti bisa kena sangsi tuh mereka.

Coba Bapak adukan ke Bappebti ya Semoga bisa. Akhirnya deposit saya, diproses, saya menilainya Axitrader ini kurang bagus customer servisnya terhadap nasabah, saya sangat bertirima kasih kepada Pak Master yang telah memberi saya banyak masukan. Selamat sore master, saya mau tanya Axitrader itu termasuk broker baik atau tidak, saya dengar cukup bagus, tetapi saya telah buka account di Axitrader dan telah deposit dengan wire bank 13 Desember , ternyata deposit saya diombang-ambingkan, sampai sekarang masih belum masuk ke account saya, saya berusaha email, chating, meraka beberapa kali, mereka minta copy recieve, telah saya emailkan, akhirnya mereka minta swift copy dari bank saya, dan telah kami emailkan dan sekarang saya disuruh menunggu sampai hari Senin 24 Des, dengan alasan data masih dicocokkan, padahal semua sudah benar.

Mohon bantuan bagaimana mengatasi masalah ini, seandainya deposit tersebut tidak dicreditkan ke account saya. Terima kasih Pak Master. Kami mendaftarnya langsung Pak, kalau memang ada kesalahan, dalam penulisan detail transfer, mereka semestinya memberitahu kami, ternyata tidak ada jawabannya, setelah kami chating mereka minta swift copy dan telah kami emailkan, sampai detik ini deposit tersebut masih belum diproses, semestinya kalau tidak bisa diproses dikembalikan saja depositnya ke account pengirimnya, kan begitu kan Pak.

Benar, perkataan Pak Master, mereka sekarang telah menjawabnya, alamat account salah dalam penulisannya, padahal kami telah menuruti apa yang telah Axi trader emailkan kepada kami yaitu: Local Payment Account Number: Penulisan kami Memakai International Ac number dimana , ini yang ngak boleh ditulis menurut mereka.

Wah ini membuat kami pusing, kesimpulan kami Axitrader ini ngak bagus supportnya, sangat terlambat sekali memberi jawaban. Beliau sekarang sedang berada di Malaysia yang katanya untuk menyelesaikan pencairan hasil tradingnya. You can best take care of this by making sure that you only use a broker based in and regulated by a financial authority in a respected financial center. Secondly, you need to make sure that even if the broker operates honestly, but goes bankrupt for any reason, that you will be able to recover your deposit.

One measure that can be taken here is to only deposit with brokers whose regulators offer deposit protection for clients such as regulated brokers in the U. This means that even if your broker goes broke, the government will bail you out by paying back your funds up to a certain amount, although it might take some time.

Beyond that, try to choose a broker with a healthy financial situation and a good reputation. Once you have taken these precautions, you can look at what your potential brokers offer in terms of range of available assets to trade, spreads and commissions, overnight financing charges, and speed and reliability of trade execution — and make your choice accordingly.

Regulation and compliance are - beyond the shadow of a doubt - the most important things to consider when choosing a broker. An unregulated broker can essentially do as it pleases with its traders' funds. Such a broker might be nothing more than an online scam, so it worth being extremely wary of any unregulated brokers. The activity of a trustworthy broker should always be governed by an official regulator designed to protect and promote the integrity of brokerage operations.

All types of abusive practices linked to the sale of futures and options should be out of the question, as traders should be protected against fraud as well as manipulation. These credentials are usually listed in the About Us section of the broker's website. Equivalents of these trade associations and regulatory bodies are present in nearly every country in the world.

Depending on where their broker is based, traders should always research and look for these credentials. In this respect, it's also worth researching the year when the broker obtained its license as this might carry some significance as well, in regards to the overall reputation and operational history of the broker.

Regulated brokers must comply with a set of rules that are meant to safeguard investor assets. This is the primary reason why regulation is so important. Every regulated broker is subject to a "Net Capital Rule" which prescribes a minimum amount of capital to be kept in liquid form.

This way investors are protected with a 'safety net' in the event that a broker is forced to close. In addition to the requirement of maintaining minimum capital requirements, regulated brokers in most jurisdictions are required to keep all client funds separated in segregated accounts so that client funds won't accidentally or purposely be used for any reasons other than to execute the client's trades.

Some nations, such as the United Kingdom, even offer government-backed deposit insurance for its regulated brokers so that clients can recover part or all of their funds even if the broker manages to misappropriate them. Dealing Desk brokers work similarly to the dealing desks provided by various financial institutions and banks. A Forex broker who uses a dealing desk and is registered as a Retail Foreign Exchange Dealer and Futures Commission Merchant or equivalent in another country can offset trades.

The No Dealing Desk system on the other hand offsets positions automatically and then transmits them to the interbank market. Brokers working through a Dealing Desk system do not work directly with market liquidity providers, therefore only one liquidity provider remains in the equation, and that gives birth to a fundamental conflict of interest. An ECN broker on the other hand, offers its traders direct access to the other market participants through an Electronic Communications Network.

The business model of an ECN broker is an entirely fair one, as it eliminates a major conflict of interest: Another advantage of the ECN is that because of the lower spreads it offers, such brokers can charge a fixed commission on every transaction. However, you should not see ECN brokers as a panacea.

Brokerage fees are fees that the broker charges for the services it offers, which are services focused on facilitating transactions between buyers and sellers. The amount of these fees depends on the broker type, and the type of service to which the trader signs up. For the purposes of retail traders, the situation is best summarized by saying the Dealing Desk Brokers charge spreads only, while ECN Brokers charge spreads as well as commissions.

The key difference between fees and commissions that all traders need to understand, is that fees represent a flat charge, while commissions vary depending on the delivered financial product and the size of the transaction. Full service brokers offer all sorts of additional perks and premium features, some of which are indeed extremely useful.

Such services do cost extra though. In this respect, what you should be looking for is a broker who includes as many premium services as possible, as cheaply as possible. In the premium service category, we have features like advice and research covering a wide range of traded assets, retirement advice, tax planning etc.

You need to carefully weigh whether you need such services or not. If you're only looking to execute trades, there's no point in getting embroiled in any premium-service intricacies.