Who is broker?

When you intend to trade in forex market then you need a broker for your intention, because without broker it is very difficult to trade with world market, a broker is a company or entity who attach you to the world market, and this is broker who give you leverage to buy big lots with small capital. So broker is very much necessary to trade in forex market.

Nowadays there are several forex traders available on internet, they will offer you so many things, some of them will offer you high leverage, and some of them will offer you welcome bonus, but what qualities you should see in a broker? 

A broker should be reliable, how can you judge him? by searching in internet. You just will have to type the name of broker and after name write scam or review, then you will find reviews on that broker. There may be some negative reviews and some positive reviews. If you find some positive reviews then you should invest a little to give him a try. What things you should see in a broker? You should see the payment options available with that broker, then you should see the withdrawal duration, that how much time will broker take to withdraw your money and how long does it take, the money arrive in your account? You should see if the broker is registered with concerned regulatory authorities? 

After all that research, now come on the offers he is giving you. First of all spread is important, If he is offering tight spread then you should see the spread first, then the swap or commission. If the broker is offering tight spread then how he is earning? these are the things that you should see in a broker? Is there any hidden charges? Is he execute the orders according to market or what? Therefore, you should see these things if you are going to choose a broker.

You should also see the minimum amount to invest in a mini or micro account. Is the account swap free? if the account is fixed spread or floating spread? how long a broker is in the market? How much bonus he is offering, and what are the conditions of that bonus? because there are several types of conditions brokers imposed on bonuses.