Saturday, 26 January 2013

Are All Brokers The Same???

Thank you for your Comment-That maybe true of Some Brokers But not all having Traded for over 3 years with many Different brokers the truth is all are not the Same or even Honest, and when you look at the lack of Regulation in Binary So Called trading you can start to see the wood though the Tress.

Look at it this way though some brokers will claim and do have  STP - NDD, No Requotes, not all still opperate this way.
Questions we need to ask about our Broker

15 Questions You Should Ask Your Forex Broker.

The following 15 questions are basic Questions that your Forex Broker should answer without hesitation.
  1. How long have you been a Forex Broker?
  2. In what financial condition is your company? Will you show me your balance sheet?
  3. Do you have good relationships with reputable banks?
  4. Who is quoting the rates, my broker, a bank, or multiple banks?
  5. Are the spreads fixed of variable?
  6. How tight are the spreads?
  7. Do you offer Fractional Pip Pricing?
  8. Are there any trading restrictions?
  9. Can I place orders inside the Spread?
  10. Can I earn interest on positive rolls?
  11. Can I earn positive rolls at all margin levels?
  12. Are rollover rates displayed prominently? Where?
  13. Does the trading platform allow me to hedge?
  14. Can I lose more money than I put into my account?
  15. What is the quality and availability of customer service?


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