Stick with brokers that have a lot of money behind them, I think 20 million is the standard.

All brokers will have someone to say good about them. Even have people on their staff go out to build them up. You can't go by what is said as you will get both good and bad.

you need to check them out, were are they located? can that be verified? who is the owner? Are they an IB or White Label under someone eles's roof? Is that broker good? Are either of them requlated? Are they even operating under a regulated enviroment? You need to do the research yourself and not depend on anything you hear on the web. God, its your money. All brokers are good, reliable, etc.... till something happens that will nessatate them to disappear with every ones money. A good case in point is FxOpen they have gone out of their way to hide them selfs so no one can find them. They are doing this now when things are good so if the need be, they are gone with out a trace.

Do your research its your money do you want it back? If not then any broker will do and they are all good till they need to disapear. If you cant find them now your not going to find them then.

Because of money laudriering laws in most legal enviroments, brokers will establish a "Know Your Client" bases and require documtation of who you are and your legal address and statements as to were you aquire the money. If they disregard this, its a sign that they are operating under the lack laws and may even promot dirty money. With the same token you should establish a "Know Your Broker" policy.


Keit