How not to Fall into a Trap: Sorting Out Traders’ Reviews on Brokers
Are you about to enter the world of trade? Prepare to take the risks, but want a respectable guide to take you through the peculiarities of the process? Thus you’ll need to find out what traits make a good trustable broker.
What do we mean by the term “client support”? It can be purely informational – say, everyday publication of news in World Currency Market – or be technical, as you are a client of the brokerage system. Test the client support is easy: pretend that you have troubles with navigation, and ask for help. If the broker offers sensible and immediate aid, they can be trusted.
Another positive sign – if you’re asked for the scan of your passport. It shows a serious attitude towards your personal security.
Looking for a broker with profitable trading conditions
Conditions can be different. Here everything depends on your potential trading plan. If you’re a favorer of predictable, thought-out operations, the more fitting option for you is fixed spread.
The Forex’ brokers reviews
Where to search for trustable reviews from traders? AvaTrade customer review here sets an example of a credible review on an online Forex broker. It’s better not to confide in unofficial forums – the competitors may hire people on purpose, to write negative feedback.
The reviews indicating you shouldn’t trust this broker:
– The specialist closed the bid and not warned the client about it;
– The client had asked for a withdrawal of funds and was refused for no reason;
– The system has an inconvenient interface and ill communication;
– There are proven precedents of broker’s failure to fulfill obligations.