Things to consider when choosing a foreign exchange broker

• The broker is not your friend – he’s not necessarily your enemy, but it makes no difference to him how much money you make or lose, only how many trades you make and extended positions you keep open. Win, lose or draw, the broker gets paid.
• Do they have 24 hour customer support? The FX market is a 24 hours a day market – your broker needs to be too.

• How good is their customer service? Try them out before deciding, but bear in mind, their sales service may well be better than their after sales service. If possible, get a personal recommendation. By personal, I mean from someone you know personally - not the nice gentleman who posts the YouTube videos that demonstrate how easy it is to make a fortune forex trading.

• How comfortable are you with their trading platform? Many brokers offer a demo account facility that will allow you to test their platform. This is a crucial point – you must feel that you fully understand their operating software and are comfortable using it. Bear in mind using a demo account with no money in is not the same as trading for real. Which trading platform you prefer will depend on a number of factors.

• What level of commission do they charge? i.e how much is their spread?

ForexGen Scalping Enabled Account

Trade and scalp the market [ForexGen] has the pleasure to announce the availability of both Dealing Desk and No Dealing Desk Platforms. No Dealing option provide traders with direct access to the best bid/ask prices through multiple bank access. No re-quotes & No dealer confirmation is the main characteristic of the no dealing option made specifically for “scalpers” and active FX professionals. Absolute freedom to trade during news and economic events. The no dealing desk option allows traders to place entry orders inside the spread! Unlike competing FX firms, [ForexGen offers] traders all the advantage of a “no dealing desk” option.

Advantages of No Dealing Desk Option

* Trade the news without intervention or restrictions * Although spreads may vary in volatile market conditions, they are tried to be kept within the usually limits. * Place scalping orders without intervention or restrictions. * A client-friendly trading environment, No re-quotes. * Ability to place orders inside the spread * Competing rates from multiple banks * Spreads are variable and can move sharply * Ideal for active or professional FX traders

For more information about our current and future promotions, kindly visit this page often or contact one of our customers support agents at promotions@forexgen.com