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How to choose your forex broker?

While working on forex market every trader uses the service of broker - the company that acts as an agent when concluding deals, provides trading and analytical tools. Choosing well-trusted forex broker is a guarantee that you will not lose your money due to fraud, and you will get actual information about the situation on the market and quality tech support.

There are many forex brokers, and it's very important to know, how to evaluate them before trusting them with your money. First of all, the broker should have a license issued by a trusted regulating organisation, such as FCA or MiFID.

After you are sure that the broker is properly licensed, study other trader's reviews. The websites that aggregate reviews on different topics aren't a good source of information. Instead of them use websites and forums where experience traders are writing. Try to find realistic reviews with factual information.

Another useful source of information are ratings of the broker. Using them you will be able to compare different brokers by certain qualities and find out, whom you will be most convenient to work with. Visit to find out, what advantages you will get if you will choose to trade with LiteForex.