In the Forex industry, the traders’ and brokers’ relationship is undoubtedly one of the most important aspects of success.
To put it in simpler words, a Forex trader will not be able to perform trades without the brokerage that acts as an intermediary between the client and the market.
Opening an account with a brokerage is reminiscent of opening an account in the bank, but in this case, all of your assets are used for trading.
The brokerage takes a cut from the profits you make whilst trading with their accounts, the fee varies from different companies.
Though the idea might seem simple, when put in the real world, finding the right brokerage is not easy. There are numerous scamming companies pretending to be brokers and taking away the majority of your assets.
For this reason, Elite CurrenSea (ECS) decided to research the market and compel the list of trusted brokers with all of their benefits and operational styles. The company has more than a decade of trading experience and started out with the sole focus of Forex education and pivoted into developing different Forex products.
For a novice trader who has just entered the market making the right decision in terms of brokerage might be the key predecessor to further success. ECS takes into account different aspects of brokerages to make it easy for you to make a decision.
Whilst looking for a trusted broker, it is important to see which institutions have audited the company to be more sure of the decision. These regulatory institutions are looking deep into the company’s transactions, and business activities to scout anything that goes against regulations.
On top of that, it is advised to look into the company’s history and see how long it has been operating, and what kind of achievements it has under its name.
This builds trust between the company and the client. Usually, if the company has a blatant about us page, there is a high chance the reason for it is sketchy background information.
Make sure to have a communication with the representatives/customer support and ask the important questions about the company’s background and all of the info you might not find on the website.
With Elite CurrenSea’s list be sure that the team has contacted all of the listed brokerages to make sure they are legitimate.
The company also inspects other factors such as which platforms the brokerages operate on. Most of the time it’s the market standard MetaTrader 4 or 5, but there are expectations as well. For example, AvaTrade made it possible to execute trades from mobile devices with a dedicated application AvaTradeGO.
An additional benefit of using the ECS list of trusted brokers is that listed brokers have some kind of offers and deals made with the company.
If you are looking to invest in Elite CurrenSea’s Forex solutions such as FX trading robots or PAMM account management, you are going to have a better deal by purchasing them via the listed brokers.
