Modern Australian


  • Written by

Here at trading, we know that having the best forex broker is crucial to your success as a trader. That’s why we spend so much time and energy researching each broker on our site and reporting back to you with honest and thorough reviews. Today, I’m going to share with you the five most important qualities of an excellent forex broker. As always, I hope these insights will help you in your search for the best broker!

1) Liquidity - High Volume

A good liquidity indicator means that you can get in and out of your position quickly at a reasonable price, which is important if you’re concerned about protecting your profit or minimizing your loss on an open trade. A high volume will also help spread order imbalances so that market impacts are minimized and execution prices are as fair as possible.

2) Leverage and Margin Options

The ability to trade on margin allows traders to buy or sell much more currency than they actually have in their account, which in turn increases profit potentials. However, it also increases risks; leverage and margin options should always be used with caution as losses can exceed an initial deposit if things go wrong. It’s important to pick your leverage carefully and manage your risk accordingly by only using funds you can afford to lose (not money you need for bills or rent).

3) Low Spreads

Trading spreads are basically how much money you will spend to buy or sell an asset (in our case, currency pairs). The lower the spread, and thus the lower your cost per trade, usually leads to more profit for traders. There’s no hard-and-fast rule here—some traders prefer brokers with high spreads in order to maximize their profit potential—but when you start looking at options beyond Bitcoin, lowering your costs while minimizing risk is key. Spreads on Forex tend to be smaller than those on stocks, but still vary widely from broker to broker. For example, 4X offers some of the lowest spreads in Forex with tight markets across all major currencies. They also offer leverage up to 1:1000, meaning that if you have $100 USD in your account, you can control $10 000 worth of assets!

4) Good Customer Service

When choosing a Forex Broker, customer service is an important consideration. The majority of retail Forex customers will not be able to access their accounts 24/7, so having someone on hand to assist whenever you need help can be extremely beneficial when something goes wrong or when you have questions about your account or about how to place trades. Having good customer service is especially important for those who are new to trading currencies and need help understanding how it all works.

5) Wide Range of Currencies Traded

Trading Forex requires an equally wide range of currencies to be traded in order to make it as convenient as possible for investors to trade. You should make sure that your broker allows you to trade any major currency pair, otherwise you may find yourself unable to start investing without first sending money out of your account and into another currency.


Communication and Collaboration: 5 Tips for Staying Connected in a Hybrid Workforce

When bees collaborate and communicate better with each other, they end up with a bigger food supply. A similar effect can be seen with employees in an organization, but achieving...

Safe and Secure: 5 Tips for Future-Proofing Your Business

In a fast-paced world with an unstable and challenging global economy, is it possible to future-proof a business?  Absolutely.  Whilst the future cannot be predicted, you can prepare your business for unexpected...

Write Content that Satisfies Your Readers & Web Crawlers

One of the most important tools digital marketers use to drive traffic to their content or make an online sale is search engine optimisation (SEO). There is competition to appear...

6 Reasons Why You Need To Consider A Franchise Opportunity

If you’re interested in starting your own business, but you’re concerned about the financial risk involved, there are plenty of franchise opportunities out there that could help you take care...

What to do if you got a Google penalty

A Google can be the result of different actions (will mention them just a bit later). No matter how you get into trouble, you will have to make sure that...

Finding a POS System for Your Bar

If you're a bar or restaurant owner, then you know that a Point of Sale (POS) system is an essential part of your business. A POS system helps you keep...

Content & Technology Connecting Global Audiences

More Information - Less Opinion