1, funds are safe. As we all know, the United States and Britain have strict supervision on the safety of foreign exchange dealers' clients' funds, and there are special management laws to regulate it, so we should try our best to choose the supervised dealers to open accounts. Government regulators have very strict regulations on the security of account funds. First of all, the client's funds and the working capital of the dealer company are deposited in the custodian bank respectively. Therefore, dealers cannot misappropriate customers' funds, and even if the dealer company has financial problems, customers' funds will not be affected. Secondly, there must be an insurance institution to carry out credit insurance for this custodian bank, and the loss of customers will be paid by the insurance company. In this way, even if the bank goes bankrupt, there will be insurance companies to compensate customers' funds.
2. Quotation quality and transaction cost. The quotation we need must be cheap, which will change rapidly with the rapid change of the market. Slow traders are definitely not allowed to choose.
Transaction costs. That's what we usually call spread. The spread of major currency pairs of regular traders is generally 3-5 points. The lower the spread, the better.
3. Dealer customer service. It is best to find a dealer or agent with good Chinese service. Otherwise, there will be communication barriers when there are problems or when you want to ask for help. Better service agents in China, such as Yu Hui International. It is the first-class agent of FXCM in the Asia-Pacific region and the largest service agent in China at present.
4. Stability of trading platform. Every trading company has its own trading platform software, and the stability of the platform is very important. If you can't always connect to the server or the server often doesn't respond, that's definitely not an option. To solve this problem, you can open a simulation account to test the stability of the software, and then prepare to choose a platform.