Online Brokerage Firm
So, now that you know what a Forex brokerage is, what's next? Well, if you've decided to join the online revolution, you'll want to go digital and choose and online brokerage firm. But…now what? There are so many companies to choose from. How do you know which online brokerage firm is best for you? Let's break it down to two scenarios.
I'm a newbie and want to do this right. I would like someone to be by my side. I'd like to know that my online brokerage firm is working for me. Ok, if you've never done Forex before, or you're a very busy person and would like professional to invest for you, or if you would like to know that someone is guiding you every step of the way, a large online brokerage firm is the way to go. For example, a brokerage like Trade Rush could be perfect for you. Although Trade Rush charges a relatively higher commission than other online brokerage firms, their website is extremely user friendly and their investment tools are top of the pops. Their customer service is second to none, continuously garnering high scores from internet watchdogs. Furthermore, their wealth of calculators, investment tips, and financial planning strategies are excellent. However, know that you need to start with an online balance of $2,500 and their commission is $19.95 per order placed.