Genuine Forex Broker:-
Mostly new traders are in the search of good and genuine forex broker before starting trading. He wants a transparent and trusted broker who genuinely provides him the best trading services. Many new traders are confused and they don’t know where to begin and find a Genuine Forex Broker. Their confusion increases more when they are shown many lucrative ways by the brokers to earn high profits. Here are the few ways that can help you decide if you are actually looking forward to a Genuine Forex broker or it is fake Genuine Forex broker is the one who follows the ideal forex policies, guidelines and stick to the code of conduct while trading. A Genuine Forex broker never creates fake hypes just for the purpose of increased funding and client count. Following are the ways that can help you identify the Genuine Forex Brokers: First and Foremost important thing for any Genuine Forex broker is – It should be an Approved regulated broker from legal authority. You can voluntarily go and check for its authority. Second, if the broker is showing that money plant will break all the runway records, simply reject that broker. Genuine Forex brokers Grows with time. Every Genuine Forex broker has its own pace in forex market the more time they spend in Forex trading the more they are genuine. Third, Every Genuine Broker Follows the agreed upon conditions as per the client agreement while real time trading .Every Genuine broker has to dedicatedly and honestly perform the same Terms and Conditions that has been agree upon at the time of agreement. Fourth, Profitability rate: - Genuine Forex brokers keep the profitability rate of their customers. A broker with a higher profitability rate is likely to work harder to make his traders succeed. This can be done in terms of education, support or anything else.
Fifth, Transparency: - Genuine Forex broker will never hide their social network of traders and their presence on social networks brings a trust of stability and reliability in the market. Last but not the least tries to identify the genuine negative reviews. You can do that in many ways. First – Realize the fact that one person cannot make all of us happy. If so many positive reviews are there for any broker – that could be tricky and fake. There must be genuine negative reviews also. Try making search for those reviews n Google and make your decisions. Second, keep initiating discussion with the related interest for those brokers. Believe it or not these blind discussions help us a lot making the right decision for the Genuine Forex Brokers Most brokers are market makers, meaning they create the market between their traders. This may easily lead to a conflict of interest between the broker and the trader, as the broker is also a participant in this market, and may bet against the trader. So, it is advisable to opt for non dealing desk – NDD/ECN/STP brokers that generally send the orders to bigger institutions and just serve as mediator taking commissions. I have created a presentation that guides you in a better way on the opportunities you can avail for Forex trading with Online4x Markets.