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5 Characteristics of a Legal and Trusted Forex Broker

Forex trading is one of the largest financial markets in the world with daily transactions reaching 5.1 Trillion USD. This makes forex trading one of the most profitable places to invest. To start a very lucrative forex trading, start by choosing the right broker as your trading partner. Legal and trusted brokers certainly make your trading more comfortable. Get to know the characteristics of a legal and trusted forex broker to be free from scams or fraud.

Legality
First,all forex brokers must have a license to operate from the Badan Pengawasan Perdagangan Berjangka dan Komoditi(Bappebti). This permit makes forex brokers comply with the rules issued by BAPPEBTI in carrying out their work.

Company identity
Second,a trusted forex broker must of course have a clear office address. You can verify the address by using Google Maps to prove the broker's office exists. An office address that is easily accessible and found is a consideration when you want to visit the forex broker's office.

Easy-to-Contact Customer Service
Third,make sure the forex broker you choose has reliable customer service. The broker must have complete means of communication such as email,telephone,and live chat. It helps you when you have problems while trading. You can try by contacting your favorite broker,and calculating how long you have to wait to get a response.

Have a Sophisticated and Complete Trading Platform
Fourth,the trading platform is quite important to connect you with the forex market. Choose a forex broker that has complete services such as web trader,mobile trader,desktop,and metatrader4. The more complete the platform the broker has,it shows that the broker is very focused on the convenience of trading for its customers. Some brokers even have applications that can serve trading needs such as news,withdrawals,deposits,etc. such as Maxco Futures.

Fund Security
Finally,a broker that is legal and trusted must have a separate account or a separate account that is recorded,so that your funds are not misused. In addition,you also need to pay attention to the broker's withdrawal or deposit process. How long does it take for each withdrawal? This speed will later greatly affect your trading conditions.

To find the right forex broker in time for research. It's good,you are careful before choosing a broker who will be your partner. Compare every feature the brokers have. For more information related to forex and brokerage,you can visit www.maxco.co.id. Legal and trusted broker with more than 30 years of experience.


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Risk Warning. Trading Forex and Leveraged Financial Instruments carries significant risk and may not be suitable for all investors. Please ensure you fully understand the risks and take appropriate care to manage your risk as you may lose all your invested capital. .

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