{"id":13168,"date":"2010-09-19T12:57:39","date_gmt":"2010-09-19T16:57:39","guid":{"rendered":"http:\/\/countingpips.com\/fx\/?p=13168"},"modified":"2010-09-19T12:57:39","modified_gmt":"2010-09-19T16:57:39","slug":"choosing-a-forex-broker-why-is-it-such-a-tough-decision","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2010\/09\/19\/choosing-a-forex-broker-why-is-it-such-a-tough-decision\/","title":{"rendered":"Choosing A Forex Broker – Why Is It Such A Tough Decision?"},"content":{"rendered":"

By James Woolley<\/strong> – If you’re just developing an interest in forex trading and are now ready to open an account with a forex broker, you will know how hard it is to actually choose a forex broker. It can seem like an arduous task researching various different brokers, so why is this such a difficult decision to make?<\/p>\n

Well the major problem you have is that there are endless different brokers to choose from. There are forex brokers operating in lots of different countries and you will find no shortage of companies if you do a quick search on your favourite search engine.<\/p>\n

So you may be undecided about going with a large and respected company in a highly regulated country such as the UK or the US, for instance, or going with a company located and regulated in your own country if you don’t live in either of these two countries. Furthermore when you start researching these different brokers you will find that they are all slightly different. For instance some brokers will offer the MetaTrader 4 platform, for example, whilst others will have their own inhouse charting software. Similarly some brokers will offer very tight spreads on the major currency pairs, whilst others may offer less attractive spreads.<\/p>\n

Each broker is different and will have their own unique selling points. The key is to look for a broker which offers the features that most appeal to you whether it’s tight spreads, advanced charting software, a free demo account or the ability to trade micro accounts, for example.<\/p>\n

Once you’ve drawn up a shortlist of possible brokers, you will probably want to read customer reviews in order to find the best one. Now this is where it becomes really difficult because when you start reading customer reviews online, you will find that every single broker has some negative reviews. Indeed these reviews can put you off choosing a broker at all.<\/p>\n

However you have to remember that a lot of these negative reviews will be due to the fact that the trader actually lost money. Furthermore even if this wasn’t the case, there will always be aspects of a particular company that people won’t like so don’t be too put off by a few negative comments. Unless there are widespread complaints all saying the same thing, you should try and ignore the occasional bad review and focus on some of the positive complaints in order to help you come to a decision.<\/p>\n

As I say it can be a very difficult decision choosing a forex broker, but as long as you choose a well-established and fully regulated company that offers all the features you require, then it doesn’t have to be that difficult a decision.<\/p>\n

About the Author<\/h3>\n

Click here for a full forex broker list<\/a><\/span> and to read a complete Zecco Forex review<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

There are forex brokers operating in lots of different countries and you will find no shortage of companies if you do a quick search on your favourite search engine.<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-13168","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/13168","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/comments?post=13168"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/13168\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=13168"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=13168"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=13168"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}