Best and Most Trusted Forex Trading Agent

Along with the continued high attention of citizens to decrease in online forex capitalization or forex trading, the number of agent industries that provide trading programs continues to increase. This is sure to have positive consequences as well as minuses for the most important traders newcomer traders who have not been very immersed in this aspect for a very long time. The positive result of this situation is the competition with agents to acquire consumers which causes them to compete by sharing many additional adverts. Meanwhile, the negative consequence is the vacillation of potential traders to sort out the best forex agents.

Guide to sorting out the best forex agents

You can use some of the next guidance to get a trusted forex agent

For the best results on your trades.

 

 

 

1. Broker legitimacy or regulation

 

 

 

The initial stage that must be tried to get a trusted agent is to justify the validity or regulation of your target agent. You can obtain this data from the industry's legitimate web or query it directly at contact support. When dealing with a regulated agent, it means that in practice the agent is located on the basis of the supervision of a professional financial body as a result of which the consumer's budget is to be safe.

 

 

 

If you are eyeing the domestic agent industry until the regulation is issued by Bappebti, the Financial Supervisory Agency and Commodity Futures Trading Agency.  Meanwhile, for foreign agents, regulations are handed over by financial regulatory bodies such as CTFC, ASIC, and FCA UK.

 

 

 

2. Customer service

 

 

 

The next value that you must pay attention to in order to get a very good Indonesian or foreign forex agent partner is about client service. Legitimate industries certainly have a real office purpose and you can use the Google Map service to guide their location. Also make sure that your target agent provides a 24-hour push service full of various communication tools such as email, fax, chat, telephone, and others. Try to meet your target agent and look at how long you have to wait until your application gets a reaction.

 

 

 

3. Platform

 

 

 

So that your forex trading can run easily and can get the most out of the trading program is very meaningful to be your attention. Therefore look at these further circumstances:

 

 

 

Choose an agent industry that supports the service with the metatrader application.

 

 

 

 

The best forex agent industry, wants to guarantee quality server connections so that your execution instructions are good for opening or closing normally running instructions without lagging or beheading.

 

 

 

The trading program should be downloadable with a smart phone so that you can carry out all activities on the forex market more efficiently.

 

 

 

4. Leverage, spreads, as well as commissions

 

 

 

Usually, the agent industry in the country is paying commissions to consumers while for foreign agents, it generally only quotes profits from the spread. The amount of spread applied by various agents is indeed different as a result you should sort out who decides the spread is very small. Or you can also sort out agents who practice large leverage options if you need a large limit durability.

 

 

 

5. Match it with your desires

 

 

 

The term of service of the relevant agent or TOS must also be your estimation material to sort out the best forex agents. It means a lot to sort out agents that match your trading desires and personality. Some agents may not allow the use of EAs or human machine trading and there are also agents that prevent scalping applications. Meanwhile, other agents practice the provision that traders cannot close the business before running for 5 minutes even though the relevant trader's instructions have already made a profit. The effect that can hit a trader if he violates the TOS is that you cannot carry out the revocation of profits or your profits are canceled by the agent.

 

 

 

6. Review

 

 

 

To recognize whether an agent is a trusted forex agent or not a very easy method that you can try is to ask a professional trader friend or can be your guide if this matter allows. Not only that, you can also read reviews on various forex forums on the internet.

 

 

 

Not only do you have knowledge about methods of sorting out reliable and trustworthy Indonesian forex agents, you also need to recognize the identity of the agent not clear other names scams to stay away from being trapped into their consumers.

 

 

 

1. Unclear purpose of the office

 

 

 

To identify whether or not a special agent is a scam is by investigating the purpose of the agent's headquarters. Agents are not clear on usually putting industrial headquarters in an isolated place or a country whose name you may not have heard of. That way they want to be free from achievement.

 

 

 

2. Difficult to contact

 

 

 

The scam industry wants to make it harder for consumers who deliver complaints about the agent's services, especially when it comes to budget issues. Cases that have often been established are consumer complaints that are not responded to or enforcement of problems that are stretched out.

 

 

 

3. Difficult revocation of profits

 

 

 

If the consumer is successful in trading and wants to make a withdrawal or withdraw the budget to which he is entitled, the scam agent wants to make this difficult. If you allow your profit, it can be canceled with a variety of alibis such as violating the TOS, trading methods that violate the terms, or withdrawal conditions that are not crowded.

 

 

 

4. Bad web

 

 

 

One of the characteristics of a trusted forex agent is a legitimate web concept that looks reliable and easy to navigate to make it easier for consumers or potential customers to get detailed data about their services. On the contrary, scam brokers should be easily recognized by their web form which does not appear to be as well made as possible.

 

 

 

Extras don't make sense

 

 

 

The promotion of promos or additions is actually not an abnormal matter in the midst of the competition of the agent industry to get consumers. But you have to be on guard if something in the agent industry shares a promo request with a number that doesn't make the idea. Therefore, you should not be tempted by bonuses of this kind.

 

 

 

Requote

 

 

 

What is interpreted by requotes is the change of open numbers, so if the trader opens OP sell USDCAD when the price is located at position 1. 4080 and the OP was open at position 1. 4075. Not only that, traders can also face the difficulty of closing a position when the instruction has made a profit but cannot close the position. This could be part of an agent's strategy to counter your trades.

 

 

 

Freeze

 

 

 

What freeze means is the cessation of movement on the chart, for example when there is news or when many industrial consumers get big profits. This matter is tried so that these traders cannot close their orders because their accounts are cooled down.

 

 

 

Separation of trading methods

 

 

 

Usually scam agents want to block trading methods that can be used by their clients such as scalping, the use of human trading machines or EAs, hedging, trading when news is launched, and others like that.

 

 

 

Those are some of the things that you must pay attention to about sorting out the best forex agents, most importantly for newcomer traders or newbies on the forex market. Hopefully it can increase your knowledge.

 

 

 

Types of Forex Agents

 

 

 

The forerunner of forex trading has been started since people moved from exchanging goods to using money as a payment equipment. Each area uses a different "eye of money  "; there are those in the form of dates, silver, beads, and others like it. The 2 kingdoms that together use kencana as the eyes of legitimate money may also peg different contents of the date for each piece. This atmosphere gave birth to the foreign exchange transfer business field which became an early form of forex services at money changers, banks, and forex agents in the current era.

 

 

 

After the growth of the banking system, forex trading has expanded to the latest stage where bank customers can make payments simply by sharing short memos with other parties. Banks or financial bodies uniform forex agents are beginning to be believed to complete payments according to recorded instructions or instructions from customers. At present, such business procedures have been mistaken for old-fashioned, because digital procedures have been commonly obtained by large citizens. The birth of digital technology also allowed the creation of forex trading activities like today.

 

 

 

 

This is the transfer of the form of forex trading from era to era. Forex trading is an integral part of outline trading, as it lays out the pedestal to move payments to easier  and more translucent routes of the country. Therefore, all countries on all earth are always trying to organize rules and regulations to structure forex trading in a legitimate way. That atmosphere also gave birth to various types of forex agents that we know today

 

 

 

Benchmarks That Are Rather Various Types of Forex Agents

 

 

 

When you listen to the profiles of various forex agents, almost all prospective traders are certainly indecisive. Not only because there are many unknown designations, but also because newcomer traders do not know how to sort out the right and reliable method of sorting out forex agents. This kind of vacillation can be shunned by pursuing the basics of forex trading first, such as bid or sell plans, spreads, leverage, and the like. Not only that, prospective traders should also understand the types of forex agents.

 

 

 

Forex agents at this time can be distinguished so that some people are sourced to each benchmark. Based on the licensing status, there are 2 types of forex agents, namely:

 

 

 

 

Regulated forex agent: The forex agent has obtained permission from a legitimate regulatory body according to the legal laws and regulations in the country of the agent's address.

 

 

 

Unregulated forex agents: Forex agents who are not licensed, or only obtain deeds from non-governmental entities that are not affiliated with the laws of any country.

 

 

 

 

Not only sourced from its regulatory status, forex agents can also be distinguished from the method of electronic system activities used. In this grouping, there are 3 types of forex agents:

 

 

 

Dealing Desk Agent( DD): Often referred to as Market Maker( Boss), DD agent directly serves buy or sell instructions sent by the trader.

 

 

 

Non-Dealing Desk Agent(NDD): NDD agents do not directly serve traders' instructions, but rather channel them to interbank networks or liquidity providers that replace the forex market. NDD agents can be divided into 2 more, namely Straight Through Processing( STP) agents and Electronic Communication Network ( ECN).

 

 

 

Hybrid Agents: Forex agents provide a wide variety of trading account types. There are trading accounts that are carried out with the DD system and there are trading accounts that use the NDD system.

 

 

 

 

The types of DD and NDD agents we want to discuss further in the next section.

 

 

 

Understanding Forex Dealing Desk Agent Types ( DDs)

 

 

 

DD agent is the result of the advancement of forex trading very early. Large DD agents are generally also domiciled as multinational banks, have complete licenses and function meaningfully in the earth's economy. However, in today's progress, many unlicensed industries sell forex trading services through dealing desks as well.

 

 

 

DD agents who do not have such sufficient qualifications are also said to be bucket shop agents. They are the same as the quality of forex trading services that are not good. Moreover, they gave birth to the assumption in the trader group that all dealing desk type forex agents are certainly bosses who only want to profit if the trader is a butt and likes to engineer prices. Meanwhile, that's not certainly true.

 

 

 

Some of the DD agents' usual identities include:

 

 

 

DD agents serve all or some of the trader's instructions in a direct way. The trader's instructions go to the dealing desk, then are directly executed by the agent.

 

 

 

DD Agent provides forex trading with instant execution.

 

 

 

 

DD agents are able to provide trading accounts with very small lot dimensions such as nano accounts or cent accounts.

 

 

 

DD agents are able to provide a variety of exceptional trading tools such as leverage up to 1:1000 or greater ( unlimited leverage), zero commission, fixed spread, or nil spread.

 

 

 

These diverse views are actually profitable for traders. However, only if the DD agent has received a complete license or legal regulation. If a trader comes into contact with an unregulated DD agent, there is a huge risk of dishonesty.

 

 

 

Why is that? Because DD agents serve traders' instructions in a direct way, they are very prone to rotting sense. Regulated DD agents must have tried not to exercise foul sense, because they are supervised by legitimate ruling bodies. If it is stuck in water, it is difficult to carry out foul sense, until the party has the right to use the reward. However, unregulated DD agents can carry out activities without supervision and monitoring from any party.

 

 

 

Understanding STP and ECN Forex Agent Types

 

 

 

The STP and ECN structure NDD agents together do not serve traders' instructions in a direct way, but rather pass them to a network of banks as well as Prime Agents who are larger in the forex market stages. Therefore, these brokers do not want to profit if the trader is butted. They even want to be more successful if traders obey and like the trading services held.

 

 

 

Some of the usual identities of STP and ECN agents include:

 

 

 

 

NDD agents do not serve traders' instructions in a direct way. The incoming trader's instructions are to be directly transferred to be executed by the other party. The STP agent transfers it to a liquidity pool where the instructions are to be executed at the best price position there. On the contrary, ECN agents want to issue instructions to a network of global banks and   other liquidity providers, as a result of which the trader's instructions are to be executed according to the best price offered by market players.

 

 

 

NDD agents provide forex trading with market execution.

 

 

 

The minimum lot dimensions held by the NDD agent are limited between standard lots( 1  whole lot = 100, 000 USD), small lots( 0.1), and micro lots( 0.01).

 

 

 

NDD agents cannot provide exceptional trading tools such as unlimited leverage, fixed spreads, or empty spreads. They need to pay off commissions and spreads also on liquidity facilitators who carry out traders' instructions, as a result of not being able to set trading determinations as they please. Instead, NDD agents generally offer extra trading tools such as free analysis, free VPS, and the like.

 

 

 

So, what do you think? Is it a better DD agent or NDD agent? In the usual way, NDD agents are actually better, because you can access the market directly as a result of not just being close to one merchant or consumer. Many reliable traders are looking for ECN agents because they want to see how to bid or offer in the forex market directly through the Depth of Market feature. This feature of the Basilica is not held by DD or STP agents.

 

 

 

 

If you want to try to get excited about trading DD and NDD first, until you can also associate with a Hybrid agent. In fact, some of the most forex agents today are categorized as hybrids. They implement a DD system for trading accounts with small dimensions such as Nano, Sen, or Micro; after that, provide NDD services to create a trading account with larger dimensions.

 

 

 

Even so, there are also many unregulated agents who are straightforward as NDD or Hybrid agents without actually providing quality forex trading services. So, you always have to pay attention to the regulatory status of the selected forex agent. A legitimately regulated NDD or hybrid agent means that it is safe to carry out operations as well as it should. On the contrary, you deserve to question the integrity of unregulated NDD or Hybrid agents.

 

 

 

Why Is It Mandatory to Trade at a Regulated Forex Agent Legitimate?

 

 

 

Did you have a chance to look at the profile of a forex agent that shows a line of special license numbers along with the nicknames of the bodies and countries that issued the no? That is one of the characteristics of a legitimate regulated forex agent. All forex traders need to pay attention to it, because the regulatory status of a forex agent wants to affect the success of trading activities later.

 

 

 

Newcomer forex traders often neglect the license, because it is mistaken for meaninglessness. However, more professional forex traders would instead look for such explanations on the web or agent applications. Moreover, reliable traders who are on guard certainly want to crosscheck whether a forex agent only claims to be licensed, or is actually registered as having a license in the rightful regulatory body.

 

 

 

You can be confused, why is it mandatory to trade at a regulated forex agent? Isn't that kind of agent registration method actually runyam and want more capital? That's right, that's the fact. Regulated forex agents legitimately decide many conditions because they are also obliged to comply with the provisions set by the state body that houses them. However, although the procedure is a bit more complicated, there are a lot of trading profits at legitimate regulated forex agencies.

 

 

 

There are 4 important reasons why you must trade at a regulated forex agent. Initially, you want to be free from losing the impact of the behavior of obscure forex agents or forex masked liars. Second, you all obey the legal provisions. Fourth, you want to feel the excitement of trading peacefully without worrying about becoming a victim of a scam. Fourth, you want to get legal support when facing a clash with an agent. Here's the full description:

 

 

 

Free From Scam Forex Agents

 

 

 

Have you been following rumors or grapevine not enjoying forex? There are many people who say forex trading as a business field. There are also many people who buzz about charging forex as a lie. They could all have faced or understood people who were caught up by liar forex agents. But, in fact, forex trading is a legitimate business field that is recognized by legal means by the laws of various countries on all earths.

 

 

 

The question is, if forex trading is legitimate, then why can there be so many forex liars? The cases are intertwined due to the natural consequences of the waivers resulting in the online business field of the current era. It's not just forex that experiences this kind of incident. You must also often follow online shop liars, absentee jastip services, social gatherings that are handled by managers, or the like. Liars want to always lurk every opportunity, as a result we ourselves need to play a careful role.

 

 

 

There is no real license to trade online, as a result you must be extra careful to make but which shop is more trustworthy. However, almost all countries on earth have legal provisions for recording and monitoring forex agents. In order not to become a victim of uniform problems in forex trading, you can simply sort out a legitimate regulated forex agent.

 

 

 

A regulated forex agent can be determined to have a real entity and legacy, not just a virtual account. A lot of people in his company are really popular, not just nicknames. The purpose of the office is original and can be visited. His activities as a forex trading intermediary are also constantly monitored by the bodies and countries that house him.

 

 

 

Comply with Applicable Legal Regulations

 

 

 

There is also no country that prevents forex trading. Forex regulations are even enforced by various countries, ranging from the United Kingdom, the United States, Canada, Australia, Germany, Italy, France, Switzerland, Japan, and others. Indonesia also has a BAPPEBTI agency (at the base of the  Ministry of Trade) which is responsible for managing regulations and legal permits in the aspect of forex trading.

 

 

 

The existence of the validity and legal regulation of each country is a solid legal basis for forex trading in that country. Thanks to the regulation, all of us as traders also have referrals to sort out forex agents that can be trusted. In other parts, some countries such as Indonesia illegalize forex agents who have not received legal regulation, with the aim of preventing citizens from snaring liar agents.

 

 

 

Trade Forex with a Sense of Peace and Freedom of Scams

 

 

 

Do you understand, all forex regulatory bodies have certain wisdom to monitor the financial situation and operations of the agent industry at the bottom of its auspices. The tricks are diverse. There are regulatory bodies that require regular reporting, some often carry out sudden inspections, and some who immediately carry out analytics after getting information from residents. With this wide variety of methods, forex regulatory bodies try to ensure the safety of customers who trade in legitimate regulated forex agencies.

 

 

 

As a person who trades in a regulated agent, you can freely carry out forex trading activities with silence. There is no need to be afraid that the budget will be carried away by people per agent. No need to worry perhaps the application for revocation of the budget was rejected by the agent. No need to be afraid of your trading position being manipulated. You can center on carrying out analysis and succeeding your own forex trading. This kind of security collateral and peace of mind will not be experienced by many people associated with unregulated forex agents.

 

 

 

Legal Clarity When Disputes Are Established

 

 

 

Traders like us certainly want to quite often participate in clashes with forex agents. The factors vary, ranging from technical problems to problems with severe problems. The illustrations are slippage and requotes, which are different from the  trader's instructions, freeze programs, broken server connections, abnormal price movements, errors during deposits, difficulty withdrawing, and others. Comparisons of opinions and problems can arise due to agent errors, our mistakes, or the unsuspecting atmosphere.

 

 

 

These various opinion comparisons can be intertwined at any time and felt by anyone, whether you are associated with a regulated forex agent or a liar forex agent. The disorder is that you won't get any support if you clash with a liar agent. The existence of the liar industry alone is not well known, so how could you try to get your money back? Liar agents can also wash their hands easily during clashes.

 

 

 

If trading at a regulated forex agent is legal, until you want to have a legal basis to complain about the problem to the police or let alone bring the agent to the green table. In some cases, forex agents actually sort out the path of getting along to resolve the urges and return the trader's money before being taken to the legal panel. And in case your forex agent faces ruin, until you are a creditor who might be able to get back some of your budget at that agent.