Every forex trader wants one and every forex trader is looking for a good one – a good working forex broker. In the last years hundreds of Forex Broker have come into the market. But not every Forex Broker is a good Broker. Some of them only want your money. You will not only loose the spread or your loss – even larger losses are possible if you are using the wrong forex broker. The most of the traders are starting trading with a Marketmaker Broker. These kind of forex broker are simulating their own market. You don’t buy or sell on the “right” forex market. You will buy from your broker. The most of the traders will loose their money – so you won’t loose your money to the market. Your Marketmaker Broker will get your Loss. That is for the most Marketmaker Broker a very good business. Some honest and large marketmaker broker are Alpari, RBS, igmarkets or fxcm. The most of these companies were growing in the last years over more than 100% per year. Brokers like alpari don’t offer their clients forex only. They offer CFDs, Oil, Gold and Silver. But which one is the right forex broker for me? Finding in hundreds of Forex Broker the right fitting Broker is difficult too. You can use Review and Rating Websites to select the best broker in the market. Other trader help you and rate and review brokers they were or are using. That will help you to not test every broker. But where do i have to look for searching a good broker? The broker should be in industry already since a few years. He should also be regulated and the location of the company should better not be Cyprus. If you are testing the Demo Version of a broker that is mostly not the same like Live Account. Be careful with scalping or hedging expert advisors.
If you are using a broker already then use these websites too and review and rate your favorite broker. You will help other traders too.
