There are many brokers in Indonesia, but only sharp traders who could find the top best forex brokers in Indonesia could succeed. Experience is needed, but shortening the time is possible for many new business people in Indonesia. The key is to be ‘sharp’ understand yourself, and we would do the other parts.
For a decade, my team has devoted ourselves in currency market analysis to ensure the true reputation, to help some could avoid scam brokers. Signed up for over 30 brokers, tested under real trading pressure with various strategy, but still kept tight discipline, or standard. There were times we lost, but win double or even more is not just a few. This article is to share with new traders how to check the best which suits them in this new career of trading forex. Now, let’s begin.
Team of Support
The team of support can prove how trustworthy brokers are. Strong support comes from big brokers through a wide system of local offices and a rich language system on support. All need the top management and great customer care services; which can’t be done with fake or scam brokers.
Regional offices mean face-to-face consulting and trading, and brokers, as a consequence, must pay monthly expenses to maintain its variety and globalization. A long list of language support helps traders overcome language barriers. In addition, don’t forget to check the payment service system, online and offline, which benefit in a long way as forex businessmen.
If traders want to make a guaranteed profit, trade with regulated brokers. Reliable brokers can’t have no official license, which comes from financial associations like the FCA, FSCA, or CySEC.
On the other hand, there are brokers with numerous regulations. They have tighter trading conditions for differences between financial firms, so the more complicated the condition. One good license is adequate, and the closer to you the regulations broker has, the better.
Furthermore, traders can check if there are any scam reports, and how brokers cope with storm situations. Years and years of operation with a clear history could be one of the best evidence for a good reputation.
This part is critically important for every trader because each mind works with a wide range of trading strategy and different speeds. Success is the result of knowing oneself and understanding the rules of the game. Be patient and read things carefully. Such conditions are different between account types includes transactions, leverage, and more.
All such information could be found when traders check on brokers’ sites. Besides regular Cent or Mini, Regular or Classic, and ECN accounts, traders can try Demo accounts for a month or choose Islamic or Swap-free account for individual interest.
Spread and Commission – or transaction in short – are brokers’ main income. Commission usually goes with ECN brokers for fx-experts. In Indonesia, where most traders are rookies, a low spread is preferred to make better profit.
Leverage lets you trade for multiple with a single minimum unit as margin in your account. 1:100 leverage means 1 margin unit and 100 units to trade. And, is there any brokers offer 1:000 or unlimited leverage? Yes, Exness does – exclusively.
Step by step learning is essential, the point is to know how to learn. Regulation and good support helps you gain confidence to prepare anything needed, and understand the trading condition bring you farther with knowledge and well-fit tactics. Knows that you could prepare things well to clear the forex quest, and understand the strategy that fits your own, then whoever you are, new or experienced, black or white, good results can be seen after time and effort.
Synthesized by top4forexbrokers.net