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December 19, 2024
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TradingPedia's main mission is to help people make profitable investments by giving them access to educational resources and analytics tools. You have unlimited access to our trading academies, video tutorials and daily news and analyses. You can also find expert reviews of trustworthy and regulated trading platforms that we tested with real accounts.
How do we test and rank brokers?
When selecting a forex broker, it is essential to consider several key factors. A valid license from a reputable financial authority, such as the FCA or ASIC, ensures your interests are protected. Trading fees, including commissions and spreads, can significantly impact your profits. Look for brokers with transparent and competitive fees. Order execution speed is also crucial, as slow execution can cost you money. Good brokers execute orders within milliseconds, resulting in fewer slippage and rejected orders. Withdrawal processing times should not exceed 72 hours, and trusted brokers should never delay or decline withdrawals. We also consider trading platforms, customer reviews, and other factors to ensure our listed brokers meet the highest standards. By choosing a reputable broker, you can focus on trading with confidence, knowing your interests are protected and your profits are secure.