Finding a forex currency broker can be a daunting task. At ForexCharts we strive to provide you with the most accurate and up to date information on foreign currency exchange brokers to aid you in your quest.

The following foreign currency brokers are ranked by spreads, customer service, currency pairs offered and ease-of-use. Read detailed broker reviews by clicking the "Review" link in each row. Since you may never see your new business partner, your process for selection should entail a healthy dose of due diligence since money will be involved. Quick decisions are ill advised at this stage. Caution and skepticism will protect you in the long run. You want to validate that his reputation is sound and his systems are of high quality;.

Is the broker in your country? It is best to begin with a broker that has a presence in your country of residence. You can then easily verify that it is regulated and has the proper credentials to operate.

Foreign exchange market - Wikipedia

How long have they been in business? Someone very new may still have problems to work out — better to go with experienced professionals;. What kind of support is provided? You will want to check their trading software and whether several forms of support are offered. For example, training tutorials, market commentary, responsive customer service, economic calendars, and news feeds are the basics;.

Which currency pairs are offered and what are the average spreads? Are there special restrictions on deposits and withdrawals? You will want to practice on their platform before ever putting real capital on the line.

Compare applicable features and determine how each currency broker attempts to out do his fellow competitors;. Practice trading for a few days and validate that you are comfortable with the platform.

Forex Tutorial: The Forex Market

If you are satisfied, then send along a small deposit of a few hundred dollars at the outset. There will be differences, but these should be slight.

If all goes well, then increase your deposit and have at it! Invest the time up front in making a prudent choice, and it will pay dividends down the road. Start your research by reading our reviews in the top list above and visit the respective currency broker for more information.

There is a high level of risk associated with trading foreign exchange on margin and it may not be appropriate for all types of investors. The high degree of leverage can either work for you or against you. Before you decide to invest in foreign exchange, it is recommended to carefully assess your investment goals, experience level, and your desired amount of risk.

No information or opinion stated on this site should be considered a solicitation or offer to buy or sell any currency, equity, or other financial products or services. Past performance does not predict or guarantee future performance. Only the NFA regulated brokers featured on this site are available to U. Read our legal disclaimer.

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