Brokers are dyads of foreigners by the majority of the foreign traders. At the same time, a merchant of the foreign couldn ‘t be one of a foreign trader without the broker.
Kind of weird, eh?
Well, he ’s not unfounded. I know of some good brokers, but many of the foreign brokers are bent. It is hazardous to your success as a trader of foreigners.
So how you can protect themselves from the brokers?
1) Use a U.S. based broker of foreigners. These brokers are licensed and controlled than other brokers.
2) Search online. If you just google USA you will find many reports of brokers. Now, I ‘m not saying that you should believe everything you read on the Internet (obviously not!), But if you get many reports of some foreign broker that is curved or even questionable, then you may want to consider two times in this account.
3) Attempt to exchange with them. Yeah, really. Open a small customer. Perhaps as small as the will, and replace it.
You can tell better than any one for you even if you trust the broker. Actually replace them and see what it happens.
4) Interacts with the customer support. Send them by e-mail, chat it up with them, call them. How to respond? How quickly? You feel good about them? This isn ‘t be a good test for, but taken with any other, that can say so much about him. They are a good company? Well as treating potential customers?
5) This leads to the right at number 5, then you have a customer with them, deal with attention to customer service again? How are you now that is a real client?
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