How to Choose the Right Broker -10 points

Here’s a list you may follow to help with your decision.

My top 10 list to choose the best broker

1. Only choose reputable brokers that are regulated and recognised by the main financial regulatory bodies. (See answer to question two for the list of financial regulated authorities).

2. Find a broker who offer a list of trading instruments that you prefer i.e. shares, CFDs, Spread trading or futures.

3. Make sure their cost fees are low and their withdrawing and depositing structure takes place within three working days.

4. Make sure they are insured and deal with the top banks in the world and don’t run their own finance firm where they can take your money and run.

5. Go onto Google or ‘Hello Peter’ and read as many reviews from REAL people to see their experiences.

6. Browse through their website and read through everything before you decide whether they are for you or not.

7. Avoid any broker who promises any too-good-to-be true returns or are very marketing orientated – most times these are scams…

8. Analyse their portfolio growth they’ve achieved for their clients over the last five years. This will help you see their consistency or even the validity of what they have to offer.

9. Choose a broker who meets your trading needs i.e. trading platform, available markets, trading indicators, economic calendars and even copy-trading plug-ins.

10. Make sure the broker you choose is able to help in terms of customer service needs, trading education, live videos and even trading events for their clients.

If you found this useful, let me know in the comments.

Trade well, live free.
Timon
MATI Trader
Financial Trader since 2003