Where to check the broker. Verified Forex Brokers
The choice of a broker should be approached as responsibly as possible. No matter how profitable your strategy is, if the company "draws" quotes, does not withdraw money, the terminal is malfunctioning, you will not be able to make money on BO. Today's material will be entirely devoted to how to check a broker.
Check before registration
Even before the registration stage on the site, you can check the company for honesty, for this:
- we study the presence of regulators, protection is not 100%, but better than nothing;
Check blacklists on the website of the CFRM, CySEC and other regulators. Many forge certificates, newbies are not particularly inclined to deep analysis of the broker's work, so the deception does not come out immediately.
- read reviews of other traders. Of course, no one canceled the purchased reviews, but it is easy to distinguish them from the general mass by the style of writing, they usually write the same thing, without any specifics;
- read the terms of the client agreement, at least in terms of deposit / withdrawal of funds. Some companies have interesting limitations, for example, trade containing elements may be prohibited;
- pay attention to trading conditions.
This is a preliminary check of the broker. At this stage, all those who cause even the slightest doubt are eliminated.
Studying quotes and order execution speed
No one will take you to the interbank bank, clients' transactions do not go outside the company, but this is not a problem, the main thing is that the earned money is paid regularly. Another condition for making money is reliable quotes.
The liquidity providers are the same as those of forex firms, so in theory quotes must match... This can be easily checked by comparing the chart of your broker and, for example,.
The norm is a discrepancy in quotes in 4-5 decimal places. This is due to the fact that the data for different liquidity providers is still slightly different. In addition, companies receive information with a slight delay. The main thing is that there are no unexpected peaks on the chart that other sources do not have, if you see this, then your broker is cheating.
Only charts related to crypto-currencies and crypto-indices stand apart. Here the difference in price can reach a couple of tens of dollars. Depends on which crypto exchange quotes are used.
As for the timing of the execution of orders to buy options, this criterion will be important for those who are actively trading at the time of the release of news of the first magnitude. At this time, the chart can cover a distance of tens of points in a few seconds, so the speed of execution of an order to buy an option comes out on top. At this time, there may be delays in performance of up to several seconds.
Convenience and speed of withdrawal
Another option is how to check a broker binary options on decency - try to withdraw money from the account. It is not necessary to close the account and withdraw all the money, try doing it with a small amount... Compare the terms of withdrawal, whether they will put a spoke in your wheels, it often happens that they promise to withdraw almost instantly, but in fact you have to wait almost 1-2 weeks.
And yet - everyone has a limitation regarding withdrawal methods. The currency will be transferred only to those details from which the money entered your wallet. This is not a hoax, not a whim of the company, but a widely accepted practice.
If they start to demand additional documents, endlessly delay verification, refer to the workload of the financial department, etc., then you are simply being led by the nose. Formally, the company can really request additional documents from you (there is such a clause in any client agreement), but in fact do this in order to maximize the withdrawal process.
The calculation is simple - the longer the withdrawal is delayed, the more likely it is that the trader will continue to trade and waste money. And there it will be possible with a clear conscience to cancel the withdrawal application, there will not be enough money on the account.
Conclusion
It is not difficult to check a binary options broker, beginners are simply too in a hurry to start trading, therefore they often ignore this stage. The check will allow you to find out whether the company has weak points, and after that the trader will decide for himself whether he is ready to put up with the revealed inconveniences.
If you choose trusted companies from our best, then there will be no problems with trading. None of them allow themselves to cheat and deceive customers.
Way to high profitability from investing in securities lies through the use of a broker company.
Earlier I wrote that. To buy shares on the stock exchange, be sure to use the services of a broker.
The question arises: if you and I want to invest money in shares of Gazprom or Sberbank, then how not to fall into the clutches of scammers, but use the services of a broker through which you can actually buy real shares on the stock exchange?
Before opening an account and transferring your hard-earned money to the account of a brokerage company, I recommend that you play it safe and check that the brokerage company with which you want to conclude an agreement really has access to the exchange.
How to do it?
The official website of the Moscow Exchange has a special section "List of Trading Members":
These are the companies that have access to trading. What are we doing? Check if there is a broker on this list.
I will give an example for brokers whose services I use myself.
I have opened accounts with brokers: Nettrader, Otkritie, Finam.
I search and find them in the table:
Nettrader - line 294
Opening Broker - line 304
Finam - line 486
Thus, I can be calm - all brokers, whose services I use, are present in the list of trading participants on the official website of the Moscow Exchange.
So, I told you about one of the ways to check the integrity of a brokerage company, i.e. a company through which you can invest in securities. A quick and easy check will help you avoid falling into the clutches of scammers.
Hundreds of sites today offer traders their binary options trading services. Some of them are eliminated immediately after a more detailed examination. Some minimum deposit high, the second do not offer demos, the third site is not translated. But there are still dozens of companies offering, at first glance, suitable conditions.
How to check the broker you like? How to avoid getting caught by a scammer? On which site you can not worry about investments, and where can you cheat after a successful series of transactions, which will bring significant profits to the speculator? Agree, interesting and important questions. Therefore, we cannot ignore them and will try to specifically answer each of them.
The most reliable ways to check a broker for lice
But still there is a risk that a lousy office will be caught. And there are only 3 exact ways to determine the honesty and decency of a vending broker:
- Personal trading. Are you looking for a specific broker? Are its trading conditions right for you? It remains to be convinced of its reliability. Make a minimum deposit, try to make money, and then apply for a withdrawal. If the company is reliable, after verification you will receive your money.
You can simply top up and then withdraw money immediately. But this method is less effective, since even a fraudster can withdraw money in this case in order to attract you to the next investment, which will already be difficult to return.
- Ask for advice from fellow traders. Only personally. If you have no trading experience, you don't want to deposit money, because the probability of losing it exceeds 90%. And it doesn't matter if an honest broker gets caught or not. However, if you have acquaintances traders who trade and earn themselves, contact them for advice.
Can you use one of two tips? Fine. Then you are unlikely to have any problems with choosing a broker. But if neither the first point nor the second came up, you will have to use other tips. Yes, they are less reliable. But about 85% of brokers who meet the following criteria really work honestly and for their reputation.
How to choose a binary options broker
Does the lack of a license mean that the broker is a fraud? No. But you shouldn't trust them with your money either. In case of deception, you will not be able to complain to anyone and return the money, and no one will punish the broker.
Does the presence of a license guarantee the reliability of the company? Unfortunately, not either. There are 2 reasons for this. The first is an unscrupulous regulator. In fact, this is not a regulator at all, but an ordinary office that, for a certain fee, will draw a quality certificate for almost any kitchen. Second, some brokers bypass the rules of the regulators and manage to deprive traders of profits. But if the organization for the protection of speculators is really reliable, such cases will be rare.
An example is the broker Banc de Binary. The company regularly deceives its traders, but at the same time it still has a CySEC license. Does this mean that the Cypriot regulator is inactive? No. The organization's website contains information that BdB has been fined and proceedings are underway.
Here's another piece of advice that has matured on how to choose a binary options broker. Do not always take the company's word for it. If you see information on the broker's website that the office has received a license from a certain regulator, go to the organization's website and find information about the desired website. It is not uncommon for a company's license to expire long ago, but the site does not say anything about it.
Reviews on the net. If you do not have among your friends experienced traders and there is no one to consult with on how to choose a broker, you can look at the reviews on the Web. But don't think that the truth is everywhere.
Various portals are full of bought and fake comments, which praise an outright fraudster or condemn an office that provides honest services in deception. Such reviews are left for about 50 rubles. And their authors usually do not understand anything about binary options.
What is the reason for the drain? Misunderstanding the market? Of course not. This is a fraudulent broker, the quotes are tweaked or seated by a manager who will specifically direct the chart in a direction favorable to him. So, you need to write on all sites that everyone is being deceived here.
Alas, there are more such comments than we would like. But you shouldn't believe them.
But if you sort out all the rubbish that is crammed with forums, you can find some really useful comments. There are some tips to help you understand how to check a binary options broker:
- Look for comments only on specialized sites. These can be forums and blogs that are dedicated to binary options or trading in general. On sites that publish reviews about everything, you will find a maximum of 1-3 real comments out of 10;
- Believe the comments with evidence. Reviews with screenshots or videos attached are unlikely to be fake. But there are few of them. Therefore, look at least at the content of the review. If there are specific numbers, names, email addresses, etc., most likely, it was left by the person who actually traded with the described broker;
- Do not pay attention to reviews consisting of several words (as a rule, these are loud statements that the office is honest or, conversely, likes to deceive).
Term of the work. Most of the scam brokers are young sites. But there are many exceptions to this rule. For example, the same Banc de Binary has been operating much longer than many popular and reliable companies.
Our rating of brokers. How to check a binary options broker? Go to the specified section. In it, we have selected brokers who withdraw money to their users. They have licenses. Their trading conditions will suit most traders. They have a reputation for being reliable companies, which each of the companies successfully maintains.
Do you want to know how to check a binary options broker as accurately as possible? If you do not have friends traders and do not want to check in person, look at the reviews and the license. If you are satisfied with the trading conditions, there is a license from a reliable regulator, there is evidence of payments among the reviews, you can register.
You can find out about dozens of different forex dealers. We tried to do each of the reviews as objectively as possible. To prove this, we will show you how to check a forex broker. We will give recommendations that we ourselves use when evaluating a dealer. After reading the article to the end, you will understand how to choose the right platform for work.
Company regulation
The first step is to check the integrity of the company. To do this, look at the dealer's regulation. We advise you to work exclusively with regulated companies, and licenses must be issued by reliable organizations.
The license of a verified regulator is the same piece of paper that an unknown office can draw. But getting it is much more difficult. To get into the register of such regulators as CySEC, FCA, BaFIN and other financial commissions and national banks different countries, DC must meet stringent requirements.
Full reporting on work, authorized capital, storage own funds and customer deposits on different accounts - these are just some of the requirements. In addition, in order to obtain a license from a reliable European regulator, a company must register in that country. This means you will be more secure for the following reasons:
- The license of a reliable regulator inspires confidence among newcomers. Therefore, many DCs value it, so they do not try to deceive their customers.
- The inclusion of DCs in the register of an organization is expensive. Therefore, it is not profitable for a company to deceive users with little capital.
- Regulators can not only revoke the license, but also impose fines and even start legal proceedings against the broker.
- Each regulator has compensation fund, which is replenished by participating companies. If the broker cheats you or the dealer goes bankrupt, you can contact the regulator and get compensation.
Here are a few companies that have been licensed by trusted regulators:
- - Central Bank of the Russian Federation, NB RB;
- - Central Bank of the Russian Federation, CySEC;
- FxOpen - FCA, ASIC;
- Exness - CySEC, FCA.
Broker experience
The next tip for checking a broker is to look at the company's experience. The longer the dealer provides services, the better for traders.
Brokers who have been working on the market for 5, 10, 20 years usually consistently pay money to their clients, even if they partially or completely work according to the "kitchen" system, that is, they do not transfer their clients' transactions to the interbank market.
The fact is that experienced brokers have long established their client base. Hundreds of thousands and millions of traders trade on their platform. And the more clients there are, the higher the company's turnover (and, accordingly, its profit). Since in the field of trading most users lose their money, a dealer with a lot of trade turnover it is not difficult to consistently pay money to successful clients, there are still much less of them.
When choosing a broker, we recommend studying in more detail the dealers who have been on the market for more than 5 years. There are enough of them. , Robo Forex and InstaForex have been operating since 2008. And Forex Club in 2017 celebrated the 20th anniversary of its work. Each of these dealers are stable and regularly pay out money to their customers.
Study the reviews of traders
Traders don't like to share theirs for free trading strategies and talk about your income. But many willingly share their opinions about working with a particular dealer. There are plenty of popular trading forums, so you can find reviews of every well-known broker without any problems.
With little-known offices, the situation will be more complicated. But if you cannot find reviews about the company, it is better not to contact it.
Another difficulty with reviews - there are many custom-made comments among all the comments. Moreover, paid can be both positive and negative reviews about the company. Here are some tips that will help you to objectively check the forex broker based on the reviews:
- Look for comments only on thematic resources. They have more experienced traders who can really tell you whether it is worth working with a dealer or not.
- If you are looking for comments on forums, pay less attention to posts whose authors have only recently registered or have left only a few messages on the site. Most likely, these accounts were created to post multiple custom reviews.
- Trust testimonials with evidence more. These can be screenshots, videos. Even a convincingly composed text, alas, can turn out to be a fake. So the commentator can describe how the company quickly executes orders and pays any money, but in practice the charts are drawn, trades are not opened for several seconds, and it is possible to withdraw no more than 1-2 times.
Explore the site in more detail
Of course, you need to study the trading conditions. But not only. Read the user agreement, section "About the company". Find out where the dealer is registered and what obligations he must adhere to.
Chat with technical support. First, you will be able to understand the professionalism of the consultants and assess whether they can help if problems arise during the work. And, secondly, clarify the information on regulation and registration. Sometimes the information on the site differs from that given by the consultants.
Make a deposit
This is the surest way to check a broker, but it doesn't make sense to use it all the time.
Before investing in a new account on the broker's platform, make sure you are satisfied with the stated trading conditions and that you have reviewed reviews and regulatory information. If the company suits you in all aspects, invest money, but only the amount that you are ready to lose.
Now you can evaluate the quality of execution, and if you have not yet poured all the money, evaluate the withdrawal speed. If your opinion about the company does not change and it still suits you, you can invest more.
Site ratings
The last tip for today for checking a forex broker. Look for it in our ratings. We have created several tops, in which we included the best dealers according to different criteria. The lists have already selected reliable and proven companies that you can get started with right now.
Hey! In this article I want to talk about ways to check forex brokers. Today the market offers a large number of brokers with different conditions. Among this mass, there are a lot of scammers who simply steal clients' money. Let's figure out how to check a Forex broker for reliability.
- We look at the site
- Checking documents
- Company in faces
- Social position
- Trading and withdrawing funds
- Let's summarize
Quick navigation
Checking the broker's website
The first thing that will meet you is the company's website. See how it's done, notice the following:
- Are all sections filled with up-to-date information;
- If the site is multilingual, then we change the languages and look at the performance. If the language works poorly / crookedly, then everything was done in haste. This is a bad signal.
- The site should contain all information about the company, contacts, phone number, terms of trade, documents, vacancies, etc. All this should be available without registration. An example of such brokers is Amarkets, RoboForex.
- SSL certificate must be present on the company's website. Without its presence, I highly recommend not registering and replenishing your wallet.
An unsecured connection looks like this:
The site should be clear and have a “friendly” interface.
Broker license check
The documents include:
- Activity licenses
- Regulatory documents
- Constituent documents for the organization
You can find documents in 2 ways.
- On the company's website. See example below.
- Method 2, request documents through technical support (e-mail). In my practice it was that they refused to provide documents, supposedly it was secret information. I do not recommend working with such companies.
Having access to documents, they need to be checked. Let's take Roboforex as an example.
Checking broker documents
A normal broker should have:
- License (albeit offshore)
- Client agreement
- Partnership agreement
- Personal data processing conditions
- Order processing regulations.
Let's check and understand that the company has a minimum set of documents, proceed to the next step.
Companies brokers in persons
Many brokers have public figures in their arsenal.
It can be:
- Analysts
- Representatives
- Personal managers
- Managers
Here are some examples:
Amarkets:
- Artem Deev - conducts morning briefings, daily at 9.30 Moscow time, as well as webinars and seminars.
- Nikolay Korzhenevsky - conducts market analytics webinars.
Roboforex:
- After registration, you are assigned a personal manager, with whom you can contact by phone.
Some companies do not have public faces, such as Forex4you. There is nothing wrong with that.
Social position
Almost all companies are sponsoring:
- Sports activities
- Media activity
- Other activities
Information about this activity can be found on the company's websites.
- Forex4you is a partner of Blancpain GT
- Roboforex - supports the Starikovich-Heskes Dakar race team
Trading and withdrawal conditions
You will receive information on trading conditions at the time of opening an account. In general, all brokers have the same plus or minus conditions.
Withdraw funds
With the withdrawal of funds, everything is not clear:
Amarkets:
- Profile verification is required!
- Withdrawal to the card instantly (the card must be tied to the account, through templates of payment systems)
- Money on Yandex in 10-60 minutes
- On bank account up to 3 days
- Verification is required
- FOR electronic money - instantly
- For Visa / MC cards - 2-6 business days.
I know that for many partners, instant withdrawal of funds is the most important parameter of working with a company. Plus, it characterizes that the broker has the funds to support instant withdrawal.
Forex broker check summary
Summarizing the above, we draw conclusions for ourselves regarding the company.
- We look at the site and its work
- Getting acquainted with documents and licenses
- Meet the employees of the company
- We look at the company's activity in social networks and sponsorship events
- On the broker's website, we find information on withdrawing funds and trading conditions
There are many sites on the Internet that post blacklisting brokers. I recommend using one of the reputable resources:. Here you can additionally check the company for its presence in this list.
If all the information about the company is reliable, there are many reviews on the network, the company is working, then you can start working with this broker.
On my site you will find actual reviews brokers and other interesting topics. Flip through the pages, I'm sure you will find interesting content for yourself.
p.s. Stable work in the past does not guarantee stable work in the future, because no one will give you a 100% guarantee. Use to minimize your risks.