How do you choose the best CFD broker, for your personal needs? How do you know if the broker is safe and reliable? That can be some difficult questions to answer. Here we will try to give you a few things to look for and consider, when you are choosing your new online CFD broker.
When choosing a CFD broker, you should always consider security, support, fees and regulations before you decide. You should also know that finding a broker can be difficult because a lot of different traders has different opinions.
It is very good to hear from others, what their experiences are, but you should also consider what your own criteria are. Which markets do YOU trade, and what do YOU need from a broker. Brokers offer so many different things, and so many variations of spreads, fees and charting software. So the best thing you can do, is sit down and write a few criteria that are important for you, and begin to compare, rank and search for the best solutions. You can find a lot of great and regulated CFD brokers, but you can also find a lot who are not regulated and has very low security or deposit guarantee.
First of all you should NOT choose a broker based on the bonus offers they provide you with. Bonus offers are not going to help you. They are just for marketing, and for getting new clients. We never consider bonus offers when comparing brokers. Bonus offers are great for marketing, and they probably work. But usually they tell you nothing about how great the broker actually is. If you choose your broker based on bonuses you are probably not choosing the one that fits you needs the best.
So in order to find a regulated CFD broker with a great reputation, consider these things:
When you have answered these first questions, you can begin to compare spreads, fees, inactivity fees, charting software and anything else that might also be important for you as a trader.
When you compare the best and regulated CFD brokers you should also consider:
If you would like more help to find a regulated CFD broker, you can always visit use our comparison tool that helps you compare on all the above criteria. We ONLY compare regulated brokers. So they can all be used and has some kind of security and deposit guarantee. We take security very serious.
We hope it helped you. If you have any other questions, feel free to contact us at info@Browkers.com.