Recently, there has been a lot of interest in forex trading and it’s easy to see why. With your phone or laptop and an internet connection, anyone can start earning extra money in their free time. One of the most important things to do before you get started is choosing the right forex broker to start trading with. But with so many trading sites and apps to choose from, where do you start?
Don’t worry, this useful guide will help you make the right choice!
#1: Always choose a partner you can trust
There are thousands of trading brokers, but not all are secure. There are many scam sites and apps out there that stealing your hard-earned money if you are not careful. You should always choose a broker operating within a regulatory framework. A reliable broker to consider is Forex4you - licensed and regulated by FSC (Financial Services Commission) of the BVI. Forex4you keeps their clients' funds secure. It ensures proper client funds segregation - client funds are with top-tier banks.
#2: Find a platform that makes trading reliable and easy!
If you are new to Forex, starting your adventure in trading can be confusing. That is why it’s important to find a trading platform like Forex4you that makes trading easy and contains all the trading tools that you need. What’s more, Forex4you is a stable and reliable platform that you can count on to make your trades happen with a piece of mind.
#3: Trade whenever you want, from wherever you are
Forex4you uses the same proven trading platform as the best international forex brokers in the world. This means you can access a wide range of trading tools to suit your trading style. Best of all, Forex4you offers a multi-trading platform, which means you can trade on your browser, desktop, smartphone, or tablet – it’s all up to you! You can even download our Forex4you Online Trading App and Share4you Copy Trading App to trade on the go.
#4: Maximize your earnings and reduce your fees!
Every cent counts, so if you wish to maximize your profits, you must keep your trading costs low. That’s why you should always look for a broker that offers the lowest possible spreads as well as the highest leverage you feel comfortable with. With more competitive spreads offered by brokers such as Forex4you, you will be able to keep your trading cost low.
#5: Don’t wait, Trade!
Another important factor to consider is how fast to execute your trading decisions. When it comes to forex trading, speed is everything on the trading platform. When you click “BUY” or “SELL”, a few seconds difference can mean you will win or lose on a trade. Look for a broker such as Forex4you who offers near-instant trade execution speeds.
#6: Trading Accounts that grow with you
As you gain experience and confidence as a trader, your trading needs will change. With Forex4you, you get 4 different types of trading accounts to suit your growing trading needs. For example, with the Cent account, you can trade with a minimum lot size of 0.01 lot. There is also no minimum deposit required, which means you can start trading immediately with a deposit of as low as US$10. This type of trading account is perfect for those who have started trading. Also, with all our trading accounts, you can make instant deposits and withdrawals, so your money is not stuck with us.
#7: World-Class Customer Support
Always ensure that the forex broker you choose can provide you with professional customer support. Many brokers are helpful when you are opening your account, but become difficult to contact when you face problems! So, look for a trusted broker like Forex4you which can provide 24/7 support via a toll-free number to call, live chat, or email.
#8: Find a broker with nothing to hide
Another point to consider when choosing the right broker is transparency. A good broker always displays real market prices and volumes and publishes its operational data on the website. Audited by a Big Four Accounting Firm every year, Forex4you publishes its performance statistics on www.forex4you.com for all to see.
#9: Count on a broker with a proven track record
The years of experience a broker has is a very important factor to consider. With over 14 years of experience, Forex4you is a leading broker in Asia. Trusted by over 2 million globally with US$68 billion trading volume. If you are new to trading, Forex has a dedicated customer support team to help you along with your trading. With a “customer-first” approach, you do not need a minimum deposit before you can start trading. We have a “Cent” based trading account that shows that no customer is too “small” for us. Don’t wait! Sign up for a trading account with the right forex broker, Forex4you, and start trading forex from home, or on the go!
Forex Trading involves significant risk to your invested capital. Please read and ensure you fully understand our Risk Disclosure.