It is common among forex traders to want to change broker. Generally, this happens when they suffer a succession of setbacks. It is, in fact, much easier to incriminate his broker rather than himself when we record bad trading performance. That being said, sometimes it is necessary to change broker because the latter is actually incompetent. Do you doubt yours? Here are 4 reasons why you might want to consider changing it.
Poor execution of orders
In terms of forex trading, the speed of order transmission to the market is one of the most important criteria. If your broker never gives you the price at which you click, you regularly undergo re-quotations or slippages then it is probably best to look for a new broker.
Customer service to subscribers absent or incompetent
A professional broker can be reached at any time of the day. It must be responsive, able to quickly solve your problems and answer any of your most technical questions. If not, then again, go your way.
A broker newly listed on the blacklist of brokers drawn up by the AMF
The AMF regularly updates its blacklist of forex broker. If you have just entered this list, then we advise you to immediately withdraw your funds. You must turn to regulated brokers and practice in a legal framework.
A broker offers a more interesting offer
If you find that a broker offers better trading conditions than the one you are currently working with then you can quite turn to it. Beware, however, of having carried out an in-depth study of its entire offer.