Business & Finance Stocks-Mutual-Funds

How To Select The Best Forex Broker

Fundamental factor, in the choice of the brokerage is the amount of the start-up capital. Requirements for the initial deposit size amount have been significantly reduced now, compared to previous years, when the minimum deposit used to be $2000. Now many Forex brokers offer their prospective customers an opportunity to open cent accounts with the initial deposit of $1.

Principles of operation with cent accounts are the same as with a dollar account, which is a great advantage for a beginner, who does not possess big assets. While selecting Forex broker attention should also be paid to the availability of the technical support service and communication quality. In the best communication between a client and a brokerage shall last 24 hours. A good aspect in traders work is additional services, provided by brokerage, such as: technical analysis programs, Forex dataflow, analytical surveys and so on.

LiteForex
- Forex brokerage functions at the market since 2005, governed by RAUFR.
- Initial deposit amount: from $1
- Trading tools: 83 trading tools, including gold, silver and 8 currency indexes.
- Demo-account: available

Forex Club
- Forex brokerage is at the market since 1997, companys activity is supervised by FRA
- Initial deposit amount: $10
- Demo account: available, company also provides exchange trade training.
- Spread size and type: from 1 point

Pro Finance Service, Inc
- Forex brokerage was founded in 1995, until 1999 the company provided dealing service at the Forex market via telephone trading desk.
- Initial deposit amount: from $500
- Trading tools: 16 currency pairs and CFD for the American fund index
- Demo-account: available

FxPro
- Brokerage functions at the Forex market since 2006
- Initial deposit amount: from $5
- Trading tools: more than 100 financial tools are available, including spot metals CFD for futures.
- Demo account: provided

FIBO Group, ltd
- Forex brokerage has been at the market since 2004
- Initial deposit amount: from $300
- Trading tools: more than 60 currency pairs
- Demo account: available

Alpari
- Brokerage has been at the Forex market since 1998, companys activity is governed by FRA.
- Initial deposit amount: from $200
- Demo-accounts: available for each trading platform.
- Trading accounts: alpari.micro, alpari.classic, alpari.pamm, alpari.pro
- Spread type and size: from 0.5 points.
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