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Trade
Very easy to open an account? Be careful!
The market has many Forex brokers offering prospective clients with tight spreads, bonuses, different variants of the "shoulder" and other "Goodies". Forex trading is not easy, and, of course, not all brokers are the same.
In addition to learning the basics of the market and trading practice on the demo account (even though there are some problems) and a gradual step by step progress to real trading, you should also make sure that the money on Your Deposit there will be nothing unpleasant. How to verify this, and what three things you should pay attention.
Everything should be simple and clear
No doubt, the modern Forex broker, and in General any modern online company should facilitate the start for the client. If not everything is running smoothly, then You have a right to suspect that the trading process can be some difficulties. Impression You have of the broker, if difficulties arise in the beginning"?
As for the broker, the clarity and transparency of the working process, of course, means more conversion options and more customers. Intuitive page web site with fast response time, clear explanations, unambiguous implementation of all procedures and processes are those positive features which characterize the broker as a reliable company, and this is not unique to the world of Forex.
Not in a hurry
The starting process can be very simple? For example, in some cases, the new client must provide the brokerage company specific documentation. This naturally slows down the process and may result in that the customer generally refuses to cooperate.
But if the provision of documentation is not required, there is no problem, and it is better to skip this step.
But what happens if soglasno contract for service documentation on Your part is required, but the broker allows You to Deposit money to Deposit and start trading before You its representatives in the specified volume?
What to treat with suspicion?
The problematic scenario is when You have the money for a Deposit, started trading, and then You want to withdraw your funds. Doesn't matter, You were able to make a profit or suffered losses in Your account. Any trader should be able quickly and simply to withdraw their money on demand.
We have heard of some cases where the broker "says" about the provisions for registration of the account documentation, without providing contrary to the signed contract which the account was opened. The customer returns the money with great difficulty, or even completely deny this right, citing the lack of proving ownership of the account documents. Clients often have to conduct a "war of attrition" in an attempt to recoup some of the money actually belong to him, and certainly not the broker.
Why is it so "necessary" documentation the broker is not demanded before?
Here are examples of "another story." It is always easier to sign a contract for cable TV connection, than to break it. After all, if You simply stop the payments, then Your debt to the cable company will grow like a snowball. The same applies to Internet service providers or mobile operators. After 2008 in our world has increased the role and amount of government regulation, sometimes even to the detriment of the direct activities of industrial companies. But now, traders should be equally easy to put money in Deposit accounts and to remove them.
Unfortunately, the organization's controller does not always cope with the tasks assigned to them on the front Forex. So we need to carry out their work and find out how easy it is to sign a contract with a specific broker.
Three things not to forget
• Ask the broker directly, primarily by e-mail: will I have to provide any documentation in order to withdraw money from my account? How long does the processing request to withdraw funds from the account? What are the options of withdrawal of money available to me as Your client. As in the case of family relations - it is important to think about the possibility of divorce even before the wedding, even if it seems very distant and unlikely prospect.
• Look for all available information on a particular broker, and especially focus on the withdrawal of earned funds. The network circulates a lot of unconfirmed rumors about Forex brokers, so this information should be treated with considerable skepticism. However, this can lead to quite interesting results. If too many users complain about problems with withdrawing their funds, and at different times, then it is the suspect that "there's no smoke without fire".
• Read the fine print: So, contracts with broker take a few pages, the text is long, and read them very boring. But remember that You trust the broker Your money, and You agree not with the rules of conduct in the social network. Pay special attention to everything that has something to do with withdrawals, or required documentation.
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| Category: Forex | Added by: (30.10.2017)
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| Views: 295
| Rating: 0.0/0 |
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