After 2007, it was possible to count several companies working with a minimum deposit of just a few dollars. In this case, the leverage has long ceased to amaze with their multiplicity, and we are talking about numbers above 100 and even 200 in some cases.
But the great variety also has its disadvantages. With an increasing number of brokers on the agenda was a question of their choosing. After all, every trader needs a reliable Forex broker. How to choose and find it – it is a hard question.
First, it should be noted that brokers are divided into domestic and overseas. Naturally both will have their own corresponding rules and regulations. If the sum of capital does not exceed ten thousand dollars, there is not special need to use foreign brokers. So the majority of professional traders says that most especially disgruntled and wounded all sorts of troubles, they think quite differently and are ready with the minimum amount to go abroad.
Further brokers generally fall into two categories. Forex brokers are banks and so-called dealing centers. Banks are characterized by higher reliability, but only at first glance. In addition, banks do not take deposits from small and often have their own software. Unfortunately, they are not always convenient for the traders. As for reliability, it should be noted that there is not a single state bank. But with the past not so long ago, the issue of licensing procedure has become less concern. However, banks are characterized by the fact that in conflict situations the bank’s credibility is placed above the trader’s personal problems. Even if the bank is not right, its image will suffer greatly. Therefore, some people still prefer to use the services dealing centers, especially if they have little capital.