How to Choose a Forex/CFD Broker [eBook]
We’re sharing a guide for choosing a Forex/CFD broker. It includes not only practical tips on choosing a broker, but also information on how the FX/CFD market and brokers operate.
Welcome to our guide. It’s designed with traders in mind, both beginners and those with more experience in the market. It’s worth noting first that we don’t recommend specific brokers here. We won’t even mention their names. We’ll simply outline the criteria you should consider when choosing a broker to ensure you choose the one that best suits you and your trading style. We’ll also show you which broker characteristics should raise red flags for traders. Shall we get started?
Contents:
- Introduction 5
- Forex/CFD market and the role of brokers 5
- Interbank 6
- Liquidity Providers 7
- Lack of supervision – the broker is our Lord 10
- B-book, A-book and Toxic flow 11
- Types of Forex Brokers 12
- Broker Features 18
- Regulations and Licenses 18
- CySEC – Cyprus Securities and Exchange Commission 18
- FCA – Financial Conduct Authority 19
- ASIC – Australian Securities and Investments Commission Act 19
- KNF, BaFin, AMF and other European supervisors 19
- VFSC (Vanatu), IFSC (Belize) and other remote jurisdictions 20
- CTFT/NFA – USA 20
- MiFID /MiFID II – Markets in Financial Instruments Directive 20
- Account Segregation 21
- Depository Bank 21
- Investment account in PLN 21
- Account for payments in PLN 22
- Polish language support 22
- Platforms 23
- Available instruments 23
- VPS – trading servers 23
- Analytical Center – Market News 23
- Consulting 24
- Order processing time 24 hours
- Price slippage 24
- Reputation/Opinions 25
- Negative Balance Protection 25
- Regulations and Licenses 18
- What to avoid – alarming characteristics of brokers 26
- Dishonest brokers – popular tricks 27
- Stock exchange debuts 27
- Trading Recommendations – Retention Sections 28
- Stop-loss hunting – price manipulation and spread widening 29
- False Price Slippage 29
- How to choose the best broker for you 31
- Choosing a broker based on experience 31
- Choosing a broker based on your investment time horizon 32
- Final Tips 34
Download eBook [PDF] | [ePub] | [Mobi]
