How to choose a reliable broker on Forex

How to choose a reliable broker on Forex

At the moment, there are a lot of brokers on the market, both Russian and foreign. Working with them has features. Foreign Brokers are famous for a reliable reputation, but for starting work, great capital is needed. And this is not very convenient for a novice trader. In addition, not every Western broker has Russian -speaking support. The contract is signed in English. But the accounts are in reliable Western banks.

Russian brokers are more adapted to Russian realities. A much longer starting start to start trading on FOREX is required. Russian brokers have an extensive network of representative offices and branches not only in our country, but also in the CIS countries.

There are many resources that can be found with reviews about brokers. After choosing a broker, carefully study the information about the types of accounts, study all the documents and if there are ambiguities – call employees of a brokerage company. You should give you clear, full answers to the questions you asked. It is also recommended to register a demo account by the broker, try to trade. And only after positive results does it make sense to open a real account and start trade. Pay attention to the commission.

Some brokers are tax agents, which is very convenient for the trader. Now he does not need to go to the tax. Broker is engaged in tax deductions.