- June 2016
- Posted By Ninoslav
- 1 Comments
There is nothing worse than choosing a Forex Signals Broker that doesn’t have a clue as to how to make your money work for you in your Forex Account. Dealing with international exchange rates and regulations are only for the true professional. Here are the 5 signs of a potential faulty Forex Signals Provider.
1. You can’t ever seem to get your Forex Analysis broker to contact you.
If your Forex Signals broker exhibits a habit of bad of irregular communication, you have every right to be concerned with matters regarding your money. A good Forex Analysis provider understands this all too well and will make every reasonable attempt to return communications and provide valuable insight for your account. Run in the opposite direction of your Forex broker if he or she seems impossible to reach.
2. Your Forex Signals Provider doesn’t have proof of regulation.
In the market of dealing with international exchange rates, laws, and regulations, it’s important to ensure that you have chosen someone who is fully certified in the business of Forex Analysis. You know it’s time to switch brokers if he or she uses dodgey investment tactics or is unwilling to provide credentials.
3. Your Forex Signals broker doesn’t have enough capital to support a risky business.
It’s no secret that investing is risky. That’s why it is so important to select a Forex Analysis broker who is financially solvent when the market takes a dip. Could you imagine the fright and frustration of trying to pull-out of the market only to have your Forex provider tell you, “I’m sorry. The market took a dip, and I can’t cut you a check until next month.”
4. Your Forex broker doesn’t explain how to choose the right trading platform.
Your provider should make it very clear whether they are part of a dealing desk or electronic communication network (ECN). This makes all the difference in terms of service, investments, resources, and commission. If your provider has explained what this even means, then it’s time to find someone else.
5. Your Forex Signals Provider doesn’t take the time to answer your questions.
Customer service is huge in this industry. Remember that a Forex Signals Provider NEEDS YOU, not the other way around. You are the one holding the money, and a broker who isn’t will to take the time to answer questions should be kicked to the curb.
Now that you understand exactly what to avoid, your Forex trading experience should be a much smoother ride.