Identify your selection criteria

Before using BrokersMatrix

Before you even start using BrokersMatrix to help you find your Forex broker, you first need to identify the criteria which are of significant importance to you in order to compare the various brokers, in a second stage.

In order to guide you as best as possible taking into account your trading style, we designed the summary table below, underlying the relative importance of eleven major criteria according to the length you intend to hold your positions. Indeed, each of you will not be looking for the same characteristics in a broker; this will very much depend on how much time you want to devote to forex trading. We hope this summary table will help you identify which criteria are so crucial to you that they will determine the choice of your future broker.


Click on each criterion to reveal its meaning Short positions:
Orders closed same day
Middle term positions:
Several days
Long term positions:
Several weeks
Reputation
* * *
* * *
* * *
Types of accounts
* * *
* * *
* * *
Commission
* * *
* *
*
Spread
* * *
*
*
Slippage
* * *
*
*
Leverage
*
*
*
Margin
* * *
* * *
* * *
Rollover
*
* *
* * *
Execution of orders
* * *
* * *
* * *
Trading platforms
* * *
* * *
* *
Word-of-mouth
* * *
* * *
* * *

* * * Very important
* * Important
* Little or no effect on your trading style


Note: one can see in this table that a trader with short positions takes higher risks than a trader with long term positions, since he will have to find a broker whose performances are all extremely good in all domains.

Show/Hide Reputation

Show/Hide Types of accounts

Show/Hide Commission

Show/Hide Spread

Show/Hide Slippage

Show/Hide Leverage

Show/Hide Margin

Show/Hide Rollover Policy or "Tom- Next" (Tomorrow Next Day)

Show/Hide Execution of orders

Show/Hide Trading platform

Show/Hide Word-of-mouth

 

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