Size and Professionalism

One easy way to find out if a firm is credible is simply to look at their size. A well capitalized broker will usually hold itself to a high standard. They've got better customer service departments, are more financially stable, and have a reputation to maintain.

At TradersChoiceFX, we choose only to work with the larger more capitalized brokers. In fact some of the brokers we work with are publicly traded companies which always adds a level of credibility. We are able to choose which firms we want to deal with, and strive to only work with firms that are credible and safe. Based on our criteria all of the firms we work with are very well-capitalized industry leaders and hold themselves to a level of professionalism that stands out over the other firms.

As we mentioned, these larger firms often have better customer service departments. It's very important for you to be able to call up the broker with a question and get it answered in a timely manner. Also in most cases, larger firms have better operational execution than smaller firms. TCFX also has relationships with the major dealers which allows us to strive to make sure that your trading experience is maximized.

A good way to check the capitalization of a broker is to check the CFTC website. The CFTC is another regulatory organization that is out there to keep you in good hands. By checking their site you can see exactly how much money a broker has in the bank.Click Here to check out this information.

In our opinion you want a dealing firm to have at least $25,000,000 in net capital in order to set up an account with them. We've done this analysis for you and ruled out all the smaller bucketshops. So you can rest assured that your funds are safely held with a large company.

Protecting your hard earned money is a very critical step to becoming a successful trader and by now you learn two ways to protect your hard earned money: work with a regulated broker, and a large broker.

But that's just the beginning so let's look at some other critical criteria to pay attention too so that you can find the right Forex broker for your trading system. This is a critical part to becoming a successful trader.