✔️ Information reviewed and updated in December 2023 by Eduardo López

 

 

Not sure which broker to select?

You don't know if you can trust the broker they have recommended to you? We give you tips:

Many times it will happen to you that you will not be sure about whether to operate with a broker. And this is normal, since you will be investing your money with this broker and it is not easy to decide on one.

Well, on this website we will rate and give our opinion on different brokers and companies that offer financial services.

We will also allow users and traders to comment on their experiences, opinions, and rate the brokers with whom they have invested. So we will try to make a section with the brokers that you can trust, the recommended ones, and with which you should not work or invest.

Would you like to know the best 2021 broker ? Find out HERE

This website has been made with the aim of guiding people who want to invest or start investing and do not really know with which company to do it. Our goal is to help you find the best broker according to your needs.

The first thing to be clear about is that there is no broker that is perfect. Whether a broker is the right one for a trader depends on different factors. Logically you will want to choose a broker that suits your needs, which may be very different from those of another trader, so you should have your needs and priorities well defined from the first moment.

 

Here we will mention some tips and questions that will help you a lot when choosing (OR NOT CHOOSING) a broker to start trading:

Are you a regulated broker? One of the first steps is to check if the broker is regulated. This is done by verifying the different records in which these types of companies must appear, such as the NFA and the CFTC, although there are several different entities or regulatory bodies. If, for example, the broker mentions being regulated by the CNMV (which is the financial regulator of Spain), this can be verified on the official website of the CNMV, with the broker's regulation number.

 

Is your broker giving you problems?

Leave a comment on our website explaining your difficulties and we will try to help you. 

 

Which are the commissions for each operation? This can vary greatly. There are brokers that apply low rates, others that apply flat rates, some brokers charge a minimum per operation, others charge what the bag takes and then apply theirs.

What additional resources and tools offered? Some companies offer extra services and resources to help the trader, you can usually find these on the broker's website. Some of these can be real-time graphs, related news and analysis, economic calendars, tutorials, explanatory videos, glossaries, webinars or free courses, in general educational resources, these are just a few examples.

Which Are the opinions and comments about the company? (Broker reputation) As the question says, what do other traders say about this broker? Just as you should do some research when buying stocks (or lean or not, for a certain investment), you should also do it before selecting one broker or another.

Do some research on the broker with which you are thinking of opening an account. Asking other traders (investors) is also a good idea. Think of it as when you want to buy a second-hand (used) product from a seller, it is best to buy from a seller with a good reputation and a positive rating. A salesperson who has already made a lot of sales. Investigate before if he is a good seller, if someone has already bought from him before.

Is your customer service good? There is nothing as irritating as waiting and waiting and waiting for help. A good idea is (before opening your account), check the company's customer service with a question, so you know how long it takes to respond or contact you.

Imagine being in the middle of an operation and you need customer service for a technical problem, but the broker's support does not answer you. It won't be fun at all. It is a fundamental point.

Would you like to know the best 2021 broker ? Find out HERE

Does it have customer service in your language?  Customer service in your language is very important, because if you later have a problem or doubt, you should use it.

The language of the platform is also important, as you will have to deal with it (and master it) while trading. If you are fluent in English, the chances are that you will have many more options to choose from when it comes to brokers.

What trading platform will I use? The trading platform, for an investor, is their entry into the markets. Be careful with this. As a trader you should ensure that you can understand and use the platform and the software. Some of the most popular platforms are MetaTrader, Ninjatrader, Sirix, or Ctrader.

Some brokers also have their own platform developed by them. A good idea is to look for explanatory videos (tutorials) on YouTube, so you can see how the platform works.

How much do you need to deposit to start operating on the internet? (Minimum initial deposit) Another very important item (for some traders) is how much the broker asks for as an initial deposit. Some traders prefer to start trading with small amounts (or no) of money, or with large amounts in order to diversify more. This is one of the aspects that as a trader you should have well defined.

Is your broker giving you problems?

Leave a comment on our website explaining your difficulties and we will try to help you. 

Do you currently have any promotions or bonuses? This is also an important factor, since sometimes we can find brokers who have some very attractive promotions or bonuses.

We invite you to leave a comment with your experience with brokers, so you would help other traders, or newbies to choose a forex broker that they can trust. You can do this in our "Opinions List“We have separated the brokers on which we have prepared a review in alphabetical order, you can select the different brokers on which we have written an opinion.

We also recommend that you read this section on Fraudulent Brokers, there you can find information on what to do in case you come across a fraudulent broker, and how to recognize a fraudulent broker.

We also want to warn you that many of the comments found on our website are from the same company, in this case to do self-promotion, and often also from a competitor broker, defaming a broker, in these cases we try to moderate the comments, but sometimes it is impossible for us to moderate them all, so we recommend that you judge the broker for yourself and use various sources to do so.