How To Find A Forex Broker That Won`t Rob You Blind

It`s not always easy to know what to look for in a forex broker, especially in any market, much less

a market as complex as currency. But, if you want to trade in the market you need a good firm to work

with. While it might be tempting to simply ask the brokers what they can do for you, you can`t always

depend on them to give you a straight answer. So instead, I`ve put together a few things to consider

when choosing your forex broker.

You will want a forex broker that has low spreads. The spread, which is calculated in pips, is the

difference between the price at which a currency can be bought and the price at which it can be sold

at any specific point in time. Since forex brokers don`t charge a commission, this difference is how

they make money. Low spreads will save you money.

Along with this, you should be looking for a forex broker attached to a reputable institution. Unlike

equity brokers, they are usually attached to large banks or lending institutions. The firm should

also be registered with the Futures Commission Merchant (FCM) as well as regulated by the Commodity

Futures Trading Commission (CFTC).

Once you`ve narrowed your choices down to brokers that won`t cost you too much, and that are

reputable, consider the trading tools that they are offering you. Forex brokers have many different

trading platforms for their clients, just like brokers in other markets. These often show real time

charts, technical analysis tools, real time news and data, and may even offer support for the various

trading systems.

Before you commit to any one company, request free trials of their tools. Brokers generally provide

technical as well as fundamental commentaries, economic calendars, and other research to help you

make good trades. Shop around until you find a forex broker who will give you everything that you

need to succeed.
Why ForexGen?

1. Lowest spreads in the market with 0-1 pips in 10 pairs, no commissions, no swaps and instant

account Activation.
2. Scandinavian quality with Swiss precision, funds secured and local agents in 18+ countries.
3. ForexGen offers Forex trading in the major currency pairs and crosses.
4. Low capital start, with $250 as a minimum account size.
5. Liquidity and 24/5 availability are the characteristic factors of the Forex market compared

with other financial markets.
6. ForexGen offers a free trial Forex demo account that allows you to test your skills and

practice without risking real money.