Important to know about brokerage firms

Adityaa

Trader
Jun 7, 2012
2
0
12
Futures brokerage firms are often ranked according to their performance. If you are checking for your area, ask your broker about his ratings in the business in comparison to others.There are many brokers who charge undue amounts after you have used their services, which clearly states the need for caution.
 
Futures brokerage firms are often ranked according to their performance. If you are checking for your area, ask your broker about his ratings in the business in comparison to others.There are many brokers who charge undue amounts after you have used their services, which clearly states the need for caution.

What point are you driving at with this post. I think before anyone opens account any broker, they must have compared and saw it suitable for using.
 
Brokerage firms according to Investopedia are financial institutions that facilitates the buying and selling of financial securities between a buyer and a seller. They practically act as a medium between basically a retail investor and the interbank. Overtime, transparency has deserted the market and frauds are as common in the market as the Holy Quran is in Mecca. This duly brought about the need for regulation with the CTFC, FSA trying to force brokers into honesty. I want to know if regulated brokers really detest dishonesty as I know of clients with regulated brokers that are stop hunted, withdrawal inconsistencies, immorally designed software etc. And I know of brokers though not regulated strictly keep to the MiFID etc with reliable withdrawal processes smooth response system etc. What do you think, regulation and client-diligence, which is more effective in the market?
 
I am agree with you Emibluz. So keep researching about the broker you are choosing. Find out user's reviews about that broker you will definitely get idea which one is good..........