Who is the first Bitcoin Billionaire? You must make sure the availability of currency pairs, which are represented during a minimum of seven of the main pairs, which are (Australian and Canadian, Swiss franc , Euro, British pound sterling, Japanese yen, and dollar).
How to choose Bitcoin broker Analysis tools must be available from charts connected to the trading platform so as to form it easier for the client to follow the required pair and take the fastest decision in it from buying or selling. Micro accounts must be available also as micro-accounts. Always remember that these accounts are an honest opportunity to realize experience and skill in trading.
Broker Policies:
You must know the policies that the broker follows and its capabilities so as to make a decision to open an account with it, and that they dwell the following:
Transaction costs:
The lower the transaction costs (the spread), which are calculated by the purpose on the a part of the broker, the greater the profits for the client, and you'll find a difference therein matter between the brokers, for instance , the will to sell at the worth of the EUR / USD pair, usually the three pip spread, but if you'll find a 2 pip spread then this Best.
Margin requirements:
A lower margin (meaning higher leverage) and an increased likelihood of upper profits and losses arising from your use of margin. Margin ratios range from 25% or more, and your lower use of margin is sweet in your trading, and always remember that increasing the margin (leverage) may be a double-edged sword that permits you to trade more broadly, but within the event of a loss, it's serious.
Margin Size:
Most brokers allow you a margin (leverage) so as to be ready to enter more deals despite the tiny size of your account, and you want to know that the margin size isn't but 2%, 1:50.
Forex Trading Hours:
Almost all brokers have their business hours like the GFM business hours from 5:00 PM EST on Sunday until 4:00 PM EST on Friday.
Leverage within the Forex market
Leverage will make alittle trader as if he's a wealthy trader who trades in Forex, but at an equivalent time, it's a double-edged sword, and that we never recommend choosing the broker that provides you the most important leverage.
Other advantages of Forex brokers:
1. Lower spreads.
In Forex trading (the spread), which is that the difference between the buying and asking price between any two currencies, the lower spread saves your money.
2. Low minimum opening for an account.
The low minimum to open the account gives the advantage to incorporate a bigger segment of consumers and to enter the most important number into the Forex market, and it shouldn't be but $ 250. And recently, brokerage firms provided competition for the minimum amounting to 50 dollars only. However, the smaller the account amount, the more you can't trade all the features of this huge market and diversify the financial portfolio.
3. Immediate execution of orders.
This is vital when choosing a Forex broker. it's imperative to not delay the execution of orders in order that you are doing not miss any opportunity within the market, and within the correct sense = What you see is what you'll implement!
