PREFERRED BROKERS

HERE ARE SOME OF OUR PREFERRED BROKERS AND WE WILL ADD MORE LATER.
Click the broker logo to open a new account!
IRONFX GCG profitablefxea FXCH
WVC GCG EXNESS PAXFOREX
profitablefxea USGFX FX PRIMUS WVC BROKER
WE ALSO ACCEPT OTHER BROKERS WITH MINIMUM $10,000 DEPOSIT
HOTFOREX FXPRO UMOFX
FX GLORY OCTAFX
Here are 5 critical factors you’ll want to consider:

PRODUCT SELECTION.

When choosing a brokerage, most people are probably thinking primarily about buying stocks. Remember there are also many investment alternatives that aren’t necessarily offered by every company. This includes CDs, municipal bonds, futures, options and even gold/silver certificates. Many brokerages also offer other financial services, such as checking accounts and credit cards.

AVAILABILITY IS KEY.

Try hitting the company’s website at different times throughout the day, especially during peak trading hours. Watch how fast their site loads and check some of the links to ensure there are no technical difficulties.

ALTERNATIVE TRADING PROVIDES FLEXIBILITY.

Although we all love the net, we can’t always be at our computers. Check to see what other options the firm offers for placing trades. Other alternatives may include touch-tone telephone trades, fax ordering, or doing it the low-tech way – talking to a broker over the phone. Word to the wise: make sure you take note of the prices for these alternatives; they will often differ from an online trade.

DISCOUNT IS NOT ALWAYS A GOOD DEAL.

Consider starting out with a full-service broker. They are often best for novice investors who may still need to build confidence and knowledge of the markets. As you become a more sophisticated investor, you can graduate into investing more of your money yourself.
PRICE IS NOT EVERYTHING.
Remember the saying “you get what you pay for”? As with anything you buy, the price may be indicative of the quality. Don’t open an account with a broker simply because it offers the lowest commission cost. Advertised rates for companies vary between zero and $40 per trade, with the average around $20. There may be fine print in the ad specifying which services the advertised rate will actually entitle you to. In most cases, there will be higher fees for limit orders, options and those trades over the phone with your broker. You might find that the advertised commission rate may not apply to the type of trade you want to execute.
HOW TO OPEN A FOREX TRADING ACCOUNT
After finding the right broker for you, you can open a Forex trading account in three simple steps:
CHOOSING AN ACCOUNT TYPE
When you’re ready to open a live account, you have to choose which type of Forex trading account you want: a personal account or a business account. In the past, when opening a Forex trading account, you’d also have to choose whether you wanted to open a “standard” account, a “mini” account, or a “micro” account. Now, that isn’t much of a problem since most brokers allow you to trade custom lots. This provides you great flexibility, as you won’t have to trade bigger than you’re comfortable with. Opening a managed account requires a pretty big minimum deposit, normally $25,000 or higher.
REGISTRATION
You will have to submit paperwork in order to open an account and the forms will vary from broker to broker. They are usually provided in PDF format and can be viewed and printed using Adobe Acrobat Reader program. Also, make sure you know all the associated costs, like how much your banks charges for a bank wire transfer. You’d be surprised how much these actually costs, and they may actually take up a significant portion of your trading capital.
ACCOUNT ACTIVATION
Once the broker has received all the necessary paperwork, you should receive an email with instructions on completing your account activation. After these steps have been completed, you will receive a final email with your username, password, and instructions on how to fund your account. So all that’s left is for you to login and start trading. Pretty easy right?
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