How to Choose a Forex Broker

With so many choices how can you choose a Forex broker? With this 3 steps you could have all the help you need to chose a broker. So let`s start:

• 1. Do your research: Here are some of the few questions you should ask:
  
  Is this broker registered with any regulating authorities? If you are in the USA check out with the National Futures Association and the Commodity Futures Trading Commission. If you are in England go to Financial Service Authority. If the broker is not registered in anywhere you should not think twice and not open an account with them.


• Dealing Desk or Non-Dealing Desk broker? Does the broker offer fixed or non-fixed spreads? How wide are the spreads?
  
• How much or little leverage will a broker give you?
  
• They offer you a Practice account? because you will not start trading with real money, right?
  
• Does this broker credit or debit daily rollover interest? this is good information if you hold positions overnight.
  
• What other services does the broker gives you? that`s important because you will need feedback.

2. Compare Brokers. You can do it by checking out in the Internet.

3. Open demo accounts and ask questions: If you are willing to invest money you should be sure you are doing it in the right place. So open a practice account, and ask questions to make sure you are making the right decision.

Trading in Forex is a great investment, but with all things in life you need to take precautions, so don`t be afraid to ask and compare is your money and should know better where to place it.

If you want to open a demo account in Wintrader, go to: http://registration.sysfx.com/141/regboot141_MEGAFOREX.html


To open a live account in Wintrader, go to: http://eforex.com/Zpjldn


To open a live account in Metatrader 4, go to: http://eforex.com/xWqERa

And for more information go to http://www.fx-megaforex.com/openaccount.htm