David Winters Investing Blog

DC is a company that provides access to Forex for ordinary traders. Sometimes dealing centers call themselves brokers, but brokers have a range of activities already. In this article we will use these two terms as synonymous, since the difference between them is not so great. In order to choose a reliable broker correctly, you need to know what you need to pay attention to and what should be avoided when choosing. View Dealing Center. How is currency trading. There are three options for which the operations take place. The first is that the broker creates his own foreign exchange market, that is, it is a trade within the company. We do not recommend you to work with such DCs, as there will be problems associated with a small liquidity of instruments and, moreover, the broker can interfere in the process of your trading, and this is completely useless. operations and lack of control of the broker. The last option - trading takes place through a representative on Forex, this is a common system of DC operation. If there is a high-speed channel for operations, then this method is not inferior to the second.

The reliability of the broker. Reliable are the largest DC in the foreign exchange market. The reliability of a broker is affected by: the number of offices of the company; number of clients; turnover of the company. Do not risk to cooperate with small and new companies, you can lose your money. Trading conditions. When you choose a company with which you are going to cooperate in the future, focus on those moments that are important for you. Trading conditions for different companies differ, for example, leverage or spreads may vary depending on the broker. Determine without haste. So, the main selection criteria are: the spread established by the broker; swaps; minimum invoice amount; scope of leverage; the level at which positions are closed automatically; order execution options; lot volume.

Bonuses - they help in trading, increasing your deposit by 60-100 percent, many firms give a chance to get bonus money with each deposit of funds. But this indicator, when choosing a DC, should not be the main one. The bonus is given to you not just so that in order to turn it into real money, you must work out the necessary number of transactions. Take the dealing center's choice as seriously as possible; you need to know where you are investing your money. To do this, check with which banks the broker cooperates. Find out what bodies it is regulated (for example, KROUFR). Test the conditions of the DC on a demo account and only then open a real one. The right choice will be the key to your successful and profitable trading in the future.