The foreign currency trader dealing network is well-developed in global forex trader
market. The broker companies provide services interconnected with currencies, obligations, trade markets, precious metals. Dealing companies are large and small. For example, starting deposit inTullet & Tokyo FOREX Limited is not less than 500 000 USD. However, they are considered the best guarantee of investments safety and their services are of high quality. The frontier between small and large foreign currency trading dealing companies is measured by own assets and total attracted investments. In the meanwhile, the deposit level is not always the indicator: some smaller dealing companies fix greater deposits minimum compared to large broker companies. It depends on the forexcurrency trader strategy and it’s approach to attracting investments. Primary deposit in small and medium dealing companies varies from 5 thousand USD to several hundreds thousands. Balance of the credit arm and deposit is about 1:20 or even 1:100. It’s worth mentioning that small and medium forex market trader dealing companies are tending to practice some principles of Western Europe as a relatively rich region with no forex network well-developed. Such companies serve as local investors, as Russian, Ukrainian, Moldovan, Belorussian, Georgian, Kazakhstan, Baltic countries.
If you choose a dealing company abroad it’s the best way to decide on it based on references of those already running this business. However, you should request information about total own assets of the company, about their practice experience and terms of work. If everything is ok, you sign the agreement. Western companies are mainly providing brokerage services and you will have to trade on your own. Some are cooperating with famous analysts who run accounts. However, in this case the minimal deposit will constitute not less than 50 000 USD and the incomes are not higher than 20% yearly.
In order to make sure that you can rely on your investor you have to ask your broker company the following questions:
1. What is the operational principle of the company and who is the company foreign broker (partner) if it has one. Try to avoid a pyramid or trust.
2. Who will indirectly manage your account? What’s the background and professional track of your broker? Do they offer too lucrative income? Are they promising something unbelievable?
