Reliable Forex Broker
There are tons of forex brokers in this world. However, not all of them will be able to meet your needs. For example, you like to trade using scalping, but it turns out that your broker charges a large spread, so it will be difficult to make a profit. Or, you like to trade using robots, but your broker does not provide a platform that is compatible with the robot, so it becomes stuck. Therefore, before choosing a broker, first, determine the criteria for the broker you need. If you are a beginner, you don’t know what trading system you will use, and you still often try to; then you can use the following criteria. First, choose a low minimum initial deposit broker (under 500 Dollars) like available at http://www.vixbrokers.com/minimumdeposit/icmarkets.html or such as the IC Markets that offers a $200 minimum deposit.
Based on the criteria compiled in the first point, try to list some of the brokers recommended, both by your friends and by trusted websites on the internet. No need to consider other things, just write down the names of the brokers and the website addresses first. Even though the number of brokers on the list reaches 5-10, you can still refine later to find which broker is the best. Among the brokers on your list, there will be brokers who are not licensed or brokers whose licenses are obtained from the middle of nowhere agencies. So, in this case, make sure you know the licensing status of each broker and which institution provides it, then just choose which broker has the best licensing. But if you choose IC Markets you do not have to worry because it is one of the best forex broker in the world.
Having a complete license alone does not guarantee that a broker will not go bankrupt or that someone will run away from clients’ money. However, the existence of this license at least ensures that a broker exists as a real company, has a verified business, and is continuously supervised by the institution that oversees it. In other words, the credibility of a regulated broker like IC Markets is better than a broker whose regulatory status is not clear.