It is also common among the traders of the forex market to want to change broker. Generally, this happens when they undergo a succession of setbacks. It is, indeed, far easier to blame his / her broker, rather than itself when it saves poor trading performance. That being said, sometimes it is necessary to change the broker because the latter is actually incompetent. You doubt of your ? Here are 4 reasons why it might be time to change it.
An execution that leaves something to be desired
In terms of trading forex, the rapid transmission of orders to the market is one of the most important criteria. If your broker does not give you never the price at which you click, that you undergo regular re-quotes or slippages then it is probably best to look for a new broker.
Customer service for subscribers who are absent or incompetent
A professional broker is available at any time of the day. It must be reactive, able to solve quickly your problems and to answer any of your questions of a more technical nature. If this is not the case, again, go on your way.
A broker newly listed on the black list of brokers identified by the AMF
The AMF regularly updates its black list of forex broker. If your’s has just made its entry in this list, then we advise you to immediately withdraw your funds. Turn you absolutely to of the brokers regulated and operating within a legal framework.
A broker provides a more interesting
If you see that a broker offers trading conditions better (and spread) than the one with which you are currently working then you can turn to him. Attention, however, you have done a thorough study of the whole of its offer.