New Forex Guide in Finding the Best Forex Brokers

May 10, 2012 - PRLog -- A forex expert explains the qualities of the best forex brokers according to your needs.

The Best Forex Broker is here to provide you with an unbiased guide in finding the right forex broker for you. Forex can be tricky and taking your chances is not the right option.
As you already know, forex does not provide a central marketplace. Hence, if you are a trader, you should choose a forex broker to help you carry out trading activity. With the growing number of forex brokers, the search should never be difficult. However, anyone looking for a forex broker should not be immediately swayed by ads.

A forex broker should be a member of the NFA (National Futures Association) and registered as a Futures Commission Merchant and Retail Foreign Exchange Dealer with CFTC (Commodity Futures Trading Commission). The NFA is known to develop rules and programs to keep the market’s reliability. On the other hand, the CFTC protects the market users from deception and illicit practices in sale of commodity and financial futures.

The Best Forex Broker talked about the importance of customer support. Forex is a 24-hour activity, and a broker is expected to be of service all the time. Brokers should have reliable customer support. Traders prefer live person customer support agent. The Best Forex Broker representative said, “You can dial the hotline number of the broker to experience their customer service.” “See how long you have to wait before someone gets on the line,” he continued, “and see how well the customer support agent treats you.” Moreover, a customer support agent should have answers ton questions regarding leverage, spreads, and other details.

What about the trading platform? It is the investor’s gateway to the markets. The best forex platforms are easy to use. It should have a set of technical tools and should allow ease in trading. According to the BFB representative, choosing a well-designed trading platform is crucial. Check the platforms interface design, which should have clearly placed “buy” and “sell” buttons.
Find out more about how you can find the best forex brokers on http://www.thebestforexbroker.net.