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"Some men see things as they are and say 'Why?'
When it comes to Forex trading, the broker that you choose to trade with can make or break your success.
There are two major factors other than low spreads to consider when choosing a broker for your Forex trading.
The first consideration is that most MT4 brokers operate as market makers.
As market makers, they will trade against you to their advantage!
You just have to trade on both the practice server and live server to realize that while you can make money with your practice account with some brokers, it won't be the same with your live account.
Please visit Holy Grail for proof.
Non-dealing desk brokers on the other
hand offer every trader, big and
small, equal access to the inter-bank market.
The ECN brokers are like an inter-bank brokers. They consolidate bank quotes and show you the best bid & offers available. They do NOT trade against you or manipulate the price. They just take commission and operates like a toll-gate keeper.
My recommendation is to choose a broker with genuine STP or straight thru
processing that operates like an ECN (Electronic Communication Network) if you want to seriously make money in Forex.
An account with Fxprimus' fixed, variable or ECN option also enables the trader, the flexibility to trade any lot sizes, be it standard, mini or micro.
The second consideration is the safety of your funds.
You just need to google to find horror stories of clients losing their hard
earned money to unethical brokers.
Brokers which have large 3rd parties to manage client funds keeps their senior management and owners from the possibility of dipping their hands in client funds to "borrow" to cover Losses.
Fxprimus, is the Industry First, to have a 3rd party administrator to manage and administer their client funds. The administrator - NinetyEast Financial appoints directors to sit on the board of Fxprimus to ensure good corporate governance.
The FXPrimus Trust Account option offers the traders, the ultimate in the safety of our funds.
If you want to sleep well, you should insist on a broker that has an independent third party fund administrator to monitor the flow of client funds.
The best quality tick data comes from your broker's live server, but unfortunately most brokers don't supply it.
Unlike most brokers which provide different price data to their Practice and Live accounts which can lead you astray and cause you to stumble, you can rely on to provide the same price feeds for your testing and live trading.
You also have the ease and convenience of the E-wallet and a reloadable debit card for the management of your funds.
Here are the 21 reasons why you should trade with Fxprimus:
Find out how you can Earn Lifetime Unlimited Residual Income!
Please conduct your due diligence before your decide to trade with real money with any broker.