You can test the platform with a small trade with low lot sizes and then request a withdrawal. There is no real reason why a broker should hold onto your funds. You can then test this SLA by looking to deposit small and then withdraw.
Test how easy the process is it to get liquidity in and out of a broker. This will help you feel assured and be more trusting depositing larger amounts, knowing that your broker will give you back what is rightly yours. STP broker EagleFX processes withdrawals on the same day as submission, guaranteeing its users fast access to their funds by using Bitcoin as a primary deposit and withdrawal method.
Take a look at the site and see the range of customer service features a site has. Being always available for their clients shows you that a broker is committed to their clients and will do all they can to make themselves available to their clients.
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If a broker has multiple ways for consumers to get in touch then this can be considered a plus. But be sure to test out this theory.
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It is often the case that brokers have a LiveChat feature within their site. Before depositing into the broker, test them. Talk to an agent and ask them some questions surrounding their withdrawal speeds and how easily you can get funds back.
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It may be that a platform has a call back feature which you can test as well. Brokers show great flexibility with this feature as you can pencil in a conversation when it suits you. EagleFX offers an Affiliate program where you can further increase your earning potential by referring friends or your online following to the site. Not only that, you will have direct access to an affiliate executive to help guide you to success with your campaign.
Before choosing a broker, shop around before you decide to commit and deposit into one. Conducting your own due diligence is key. Thinking you want to dive out instead? Trading stocks might be more your speed — here are the best brokers for that. One suggestion: All of these brokers offer free demo accounts so you can test the market with virtual dollars.
Dip a toe in with some play money before using your own cash. Commission: 0. Currency pairs: Commission: Spread markup. Commission: Choice of spread markup or commission account. Commissions charged round turn. Disclosure: The author held no positions in the aforementioned securities at the time of publication. All backed by tons of nerdy research.
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Our aim is to provide an independent assessment of providers to help arm you with information to make sound, informed judgements on which ones will best meet your needs. We collect data directly from providers, and conduct first-hand testing and observation through provider demonstrations.
Our process starts by sending detailed questionnaires to providers to complete. The questionnaires are structured to equally elicit both favorable and unfavorable responses from providers. They are not designed or prepared to produce any predetermined results. The final output produces star ratings from poor one star to excellent five stars.
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Ratings are rounded to the nearest half-star. Evaluations vary by provider type, but in each case are based upon the weighted averages of factors that include but are not limited to: advisory and account fees, account minimums and types, investment selection, investment expense ratios, trading costs, access to human financial advisors, educational resources and tools, rebalancing and tax minimization options, and customer support including branch access, user-facing technology and mobile platforms.
Each factor can involve evaluating various sub-factors. The factors considered, and how those factors are weighted, change depending upon the category of providers reviewed. Writers and editors conduct our broker and robo-advisor reviews on an annual basis but continually make updates throughout the year. We maintain frequent contact with providers and highlight any changes in offerings. The review team comprises seasoned writers, researchers and editors who cover stocks, bonds, mutual funds, index funds, exchange-traded funds, alternative investments, socially responsible investing, financial advisors, retirement and investment strategy on a daily basis.
Finance and other national and regional media outlets. The combined expertise of our Investing team is infused into our review process to ensure thoughtful evaluations of provider products and services from the customer perspective. Our writers and editors combine to have more than 70 years of deep experience in finance, ranging from a former Wall Street Journal reporter to a former senior financial advisor at Merrill Lynch.