Q&A: Which company has the best reputation for currency (FOREX) trading?
Question by kaboodle777: Which company has the best reputation for currency (FOREX) trading?
I’m interested in trading currencies with a FOREX account, but I’ve also heard plenty of bad things about numerous companies. Does anyone know which company has the best reputation for FOREX trading?
Answer by Glory
Wohoho, now you’ll get the list – everyone will pull in its own direction…
In reality, it is difficult to answer, since there is no such rating. If you look at Forex brokers reviews online, there is so much controversy in opinions and experiences, that you’ll probably be lost.
Use the common sense and own judgment. Of course, those companies that are obviously labeled online as scams should be avoided. For others, do a little of research: pay attention to the transparency of the company, by what authorities it is regulated, does it have sufficient information describing the smallest details about trading conditions, try their demo, try contacting them, see how well they respond. Do the same things as you would do when you choose a bank to deposit money.
And finally, when you make a choice, don’t put everything in. Try it first – deposit a small amount. Get experience. If you are satisfied, go on further.
What do you think? Answer below!