Forex Broker Guide

Forex broker:
Forex broker is the intermediary between the buyer and seller. Most Forex brokers are associated with large financial institutions and earn money by setting a spread between bid and ask prices.

How to Chose a Forex Broker in 2011:

Profitability rate: Speaking of regulation, this is a rather new metric, that is only available to US brokers. Brokers are now required to post the profitability rate of their customers. A broker with a higher profitability rate likely works harder to make his traders succeed. This can be done in terms of education, support or anything else.

Transparency: With the significant growth of forex social networks, transparency isn’t only a nice buzzword. Is our potential broker available on social networks such as Currensee or FXBees? If so, it’s a good sign, that he has less to hide.

Google Bad Reviews: Positive reviews can be tricky thing, but look up for genuine negative ones – Google the broker’s name with words such as “sucks” or “withdrawal” to see if clients had troubles with the broker, especially in the sensitive field of withdrawing money. Too many genuine complaints mean trouble.