Just as important as a trading strategy is choosing the right commodity broker. While each trader must determine what a top commodity broker should offer on their own, we at fxcm markets believe the following features are essential to ensuring a competitive and secure trading environment.
Known and Trustworthy Brokers
Traders can determine whether a commodity broker is well-managed by looking at their minimum of five years of operational experience and regulatory track record.
They typically offer better trading platforms, value-added services, and multilingual customer support around the clock.
Payments & Commissions
Raw spreads with a volume-based rebate program and a competitive commission of no more than $7 per lot are what we advise.
Funding & Withdrawal Procedures
Traders should stay away from brokers who accept solely credit cards and bank transfers.
Since emergencies can happen at any time, traders should provide round-the-clock client support with quick access and responsiveness.
The Offering of Broad Trader Resources
We advise choosing an online commodity broker that offers complete support for automated trading systems, including VPS hosting.
Regardless matter how alluring a sign-up offer may be, traders should stay away from unregulated brokers. It entails unneeded and preventable dangers.
If there are several account types available, traders should carefully review each one before choosing the one that best meets their trading preferences.
Instruments & Products
Traders must evaluate the product portfolio to see if it meets their trading needs.
Margin & Leverage
Despite the flexibility it provides, we advise traders to follow strict risk management guidelines when using an online broker with a compelling leverage offer.
Traders should look for automated trading, top-notch charts, technical indicators plus drawing tools, intuitive order placing, multi-chart capability, and a clean user interface.
Traders who want to examine their portfolios on the go should make sure the mobile app has the tools they require.