Best Forex Brokers – Recommended by HowToTrade

The most important features to look for in a forex broker…

Security

The first and most important characteristic that a good broker must offer is a high level of security for your funds. After all, you’re not just going to hand over hundreds of dollars to a person who simply claims they’re legit, right? In this case we’re looking at their regulatory bodies, liquidity providers and backing banks, among other things.

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Transaction Costs

Every single time you enter a trade, you will have to pay for either the spread or a commission so it is only natural to look for the most affordable rates.

Sometimes you may need to sacrifice low transactions for a more reliable broker. But trust us, it’s always worth it in the long run!

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Deposit and Withdrawal

Good forex brokers will allow you to deposit funds and withdraw your earnings hassle-free. You should make sure that your broker’s withdrawal process is smooth and speedy.

Some brokers also offer more methods of funding than others, it’s important for a good broker to offer a wide range of deposit and withdrawal methods.

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Execution

It is critical that your broker fills you at the best possible price for your orders.

For example, assuming you have a stable internet connection, if you buy GBP/USD for 1.3100, you should get filled at that price or within micro-pips of it. The speed at which your orders get filled is super important.

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Customer Service

Surprise, surprise, brokers ain’t perfect. So it’s important you pick a broker that you could easily contact when problems arise. The competence of brokers when dealing with support issues is just as important as their performance on executing trades.

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If you’re still not sure what broker to choose and would like some more guidance, let me know in the comments below or message me directly through the Contact Us section.