Can you trust your Forex
broker?
Many traders new to the Forex market assume that if they deposit some money
with a broker, they will have no problem withdrawing them.
Unfortunately, this isn't the case because not all Forex brokers are regulated
or can be trusted.
This is because even large regulated brokers are known to try to hold onto your
money by making it difficult for your fund withdrawals.
The steps that you can take in choosing and trusting a Forex broker are no
different from opening an account with any other financial services company
since your money will be held and handled by your chosen broker.
For a start, give the company’s website a detailed review.
Next, cross-check all information found on the company’s site to confirm their
accuracy and legitimacy.
While customer reviews can be a good starting point, don’t believe everything
you read. Some customers will post negative reviews just because they were
unhappy, while positive reviews may be posted by biased parties.
Finally, communicate with your potential brokers to gauge their professionalism.
If anything seems “fishy”, do not dismiss your concerns!
In the selection process of your Forex broker, the safety of your fund is of
utmost importance.
At the minimum, you should avoid brokers who do not have their customers' funds segregated
and administered by a third party from their own assets.
It would be much better if the customers' funds are held by an independent
and credible custodian
Trustee.
Ultimately, the trust with your Forex broker can only be established over time.
If you have a large amount of fund to invest in your trading operation it
might be wise to open an account with a small sum of money
deposited initially.
Over time, if your chosen broker has not given you a reason to
quit, you can then turn over
more of your portfolio to them.
Introducing Fxprimus Trust Account:
Funds held in the Fxprimus Trust account are completely segregated from the
assets of Fxprimus. These funds are held by an independent custodian Trustee,
and world renowned Barclays Bank.
This unique arrangement allows our customers to fund their account through the
Trustee, providing them with the assurance of knowing their funds are 100% safe
and secure.
While it is assuring to know that your fund is safe in a
Trust account, you will also want to ensure that the withdrawals are
inexpensive, quick and easy.
Another good news to note is that Fxprimus
also provides its traders
with an option for fast and easy withdrawals
on a reloadable
Prepaid
MasterCard.
I can sleep well when I trade with a
broker like
.
So can you.
How to
Choose a Broker
