All forex trading is done through a broker. You provide a trading platform and cover the leverage you choose, trade as you see fit, and collect a small commission from your trades. However, choosing the best forex broker is not an easy thing for you.
To ensure that you have a good trading experience, your broker should understand your needs as a trader and try to help you maximize your money. You can also hire the best forex broker in Kenya through the web.
Image Source: Google
Here's what to expect from a forex broker:
1. Easy-to-use and easy-to-understand trading interface so you don't waste time browsing their website, but can get started and trade right away.
2. Service employees who answer your questions and assist you in every possible way. You want to get quick answers to any problems you may have.
3. You want your broker to only ask for a small initial deposit. This is especially true for new traders looking to test the waters.
4. Reliable system that works in real-time. You need this to ensure that your broker provides you with current market prices so that you can make the best trading decisions.
A good online forex broker should be able to explain their slip policy and ensure automatic execution. It should be documented how much deviation you can expect in a normal market and a fast-growing market.