How to choose the right forex broker?
There are many aspects of choosing
the best Forex broker for you and this decision is probably the most important
decision of all.
Every broker is good, honest and
reliable, until the point that they realise that clients are operating a
profitable trading strategy, EA or scalping robot. This is where the real
issues start for clients trading with MARKET MAKERS.
Once you’ve reached this stage,
there several manipulations employed by market makers to look out for such as,
strange trading behaviour, a change in execution quality and possibly
re-quotes. At this point, if you are an experienced trader, you will ask
yourself “do I actually trust this broker to pay my profits?”
Let’s share a secret, these
brokers are ones that trade against you and make money when you operate a
losing trading strategy!
Finding
the Best Forex Broker
If your broker is not an STP, ECN
or DMA broker, then the broker will trade against you. These brokers are called
“market makers”.
By trading at a market maker, you
are trading only fictional numbers and not real market conditions. The bottom
line is that if you win the broker losses and vice versa. To make sure you are
not trading with a market maker, please refer to the following steps.
Yadix offers true STP/ECN Trading for all clients on all accounts - Superior order execution & Low Forex Spreads.
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