Monday, December 8, 2008
Forex Broker
Consider the following before you choose:
- ECN (Electronic Communications Network)
- Non-Java Trading and Charting Platform (for speed and reliability)
- Tight and fixed bid/ask spreads or deep-discount commissions
- Insured funds
- Excellent reputation
Think twice before you send your money to an unregulated and/or offshore company. Also think about how you will withdraw your money from your account. What options are you provided with?
The following link will give you the financial requirements that NFA registered brokers must fulfill. Other rules apply for European, Swiss and other brokers. The EU has more stringent requirements than Swiss or USA/Canada. If they are located outside USA/Canada, EU or Switzerland, the regulation is up to that country's laws, which often might not be what you would expect. Do you know which financial requirements that must be fulfilled in Belize or Ukraine?
Since they are quite many (over 30), I have divided them up alphabetically. You find them all here below:
A to E
F to L
M to Z
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