Choose a Financial Company

The choice of a financial company is very important because the trader deals with it regarding any matter and surely it is very important to refer to a trusted one, with which you may work for a long time. Here are the most important features to take into consideration:

FOREX EDUCATION – in this section one is able to get a general notion about Forex trading, particularly how trading is realized in Forex, what the Forex analysis methods are, how to handle them, what margin trade is, what one needs to know about currency pairs etc.

PLATFORMS – every financial company suggests one or several trading platforms, moreover a financial company providing its own platform is likely to have an advantage over others. Procedures for opening an account in each platform should be described in details; otherwise, traders will face difficulties.

ACCOUNT TYPES – each financial company has various account types. They differ from each other by minimum and maximum deposits, as well as by minimum and maximum leverage ratios and other parameters.

TRADING INSTRUMENTS – this is a very significant point, since they are not the same for all brokers. They greatly differ among the brokerage companies. That difference lies in the variety of currency pairs available for trading, as well as in the variety of Contract for Difference trading. The best financial companies provide an opportunity for traders to trade not only currencies, but also CFDs on equities, indices and commodities. One more thing to take into account is low spreads.