Are you sure you know your broker? What are the qualities of the best Forex broker? How many of these are attributed your broker? Let’s find out together!
1. First of all, is your Forex broker Supportive?
A broker is expected to please its traders 24 hours, 5 days a week with the very best of Customer Service. Further, a supportive trader should offer multi-level support, expertise and resources to help its traders realizing their investment goals.
Education courses, useful tools, as well as a blog to make you an expert are signs that your broker cares for you and do their best to support you. Research and information are especially valuable in Forex market.
2. Is your Forex broker Reliable?
What if your broker alleges to be reliable? Can they prove it? Has your broker received the Award for the Most Reliable Broker for providing reliable execution, no dealing desk manipulation and no requotes?
LQDFX follows the STP execution model. Thus, whenever a client places a trade, there is no dealing desk manipulation; no requotes; no conflict of interest. Every trade is placed into the LQDFX aggregator which ensures the best price for your trade, provided by several top-tier liquidity banks.
3. Is your Forex broker Rewarding?
Does your broker highly value the business you introduce and, therefore, generously reward it as an ongoing commission for each trade that a referred client makes?
Does your broker offer a variety of programs from which partners can benefit, depending on their experience, portfolio size and know-how in the forex market?
Do they offer a rewarding Partners Program? What about a Bonus?
4. Is your Forex broker Loyal?
Let’s talk about loyalty. Ensuring that clients’ funds are secure is the greatest sign of loyalty, isn’t it?
Being a loyal Forex broker, i.e. a top-class nominee for the best Forex broker, means to keep clients’ funds separate from the company’s funds. So, in the unlikely event that the broker was to enter into liquidation, the clients’ funds are completely segregated, off the balance sheet and cannot be used to pay off creditors.
5. Is your Forex broker Quality?
Here is our Top 10 qualities that a quality forex broker should have
- STP execution, i.e. no conflict of interest between broker and trader.
- Spreads start from 0
- No deposit fees
- Provision of 24/5 customer support
- Offering variety of accounts
- Banking with tier-one EU banking institutions
- Security of Funds/ Segregated Accounts
- Lightning-quick execution.
- Risk Management, and finally,
- MetaTrader 4 Platform
How many of the above qualities does your broker have? Is your broker the best?
6. Last, but not least, is your Forex broker Devoted? Is your Forex Broker the best Forex broker?
Which is your broker’s business model? What about their goals?
No conflict of interests between a broker and its clients is the most reassuring fact that your Forex broker is showing its deepest affection to you. No requotes, lightning-quick execution and no dealing desk intervention fully comply with the profile of a devoted broker.
To conclude, is your broker the best forex broker? If not, then you haven’t tried LQDFX yet.