What are the things you will analyze before you deposit your hard earned money with any forex broker?
In My good opinion i will analyze these conditions
01. Regulation by financial authority
02. Fast Deposit and Withdrawals (better if local)
03. Tight Spreads
04. Enough Leverage
05. Multiple Trading Platforms
06. 24*7 Support in Preferred Language
Please submit your conditions too
regulation aren't the first thing I concern about. i've been trade for years, been cheat and trolled by regulated brokers, retail brokers, discount brokers.
as for regulated one, when you only has 2k account with them, means you're too small to put any bad review about them, even right after they giving a bad price gap on your chart, burn out your head with constant requotes, and even when you manage made profit espeically a huge % one, they will eventuall cancel it as violation to the trading rule, accuse us as fraudlent activity.
any trading condition such spread swap leverage etc, are only applied for traders with proper system. naturally they will seek brokers match their needs. non aggresive system never required a tight spread, it only applied for scalping system.
as leverage, most new trader would lurk to a higher one 1:1000, or even 1:2000, they been brainwashed by promotional material said the higher leverage the higher profit potential. as expert trader avoid such brokers company
.
a fast payment method most people really do love this one, and become important requirement especially when the brokerss need to penetrate Asian markets traders (no offense i;m Asian too), but fact is fast payment process not always the secure one!
i've been nearly broker when my most investment gone in a single night when the e-Gold are closed, and it's happen again with LR case which flush away my trading profit I store with my LR account. a local bank feature is a must at some country, but for now i try as possible to avoid such 3rd party epayment with no solid regulation, this where i keep using skrill with my armada market account, even they also offer local based e-payment.
if you concern about regulation, better put more attention with your payment method regulation. is anyone here who suffer from egold and lr case, if you had experience both, it means you're had long experience in this field and capable enough to understand what i'm talking about.