According to one of the polls that I have published here in 2009, the majority of traders look for low spreads, trading platform and easy deposits/withdrawals as the three most important factors when choosing a Forex broker. I am quite certain that it is possible to find a broker that fulfills these three conditions and probably fits some other requirements an active trader may have. But, unfortunately, we do not live in a perfect world with perfect brokers. Even if some broker has all the important things you need, there is almost always some little problem with something else.
Currently, I trade with three different brokers. I am totally OK with all of them as they each serve their purpose well. In my opinion, their biggest cons are the following:
Of those three, I will choose the trading platform issue of Interactive Brokers as my answer to the poll below, as it is the only factor that has any effect on my trading at all. And what do you hate most in your broker?
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If you have some questions or comments about the most important disadvantages of the foreign exchange brokers, please feel free to reply to this post using the form below.
