Being one of the most crowded markets in the world, choosing a forex broker carefully is a must, especially for the beginner. It looks promising, yet challenging. You need to know the basic rules before entering this cruel battlefield among traders.

In reality, forex trading is more complicated than it seems to be. A trader should have a lot of knowledge about it, a sharp foresight, and a thoughtful decision due to its conquering the market. Forex also can be used as a platform to easily change and convert one currency to another.

Besides, most people choose the forex market to invest their money and make a profit from it. These complex circumstances allow all kinds of people to join. However, it would be hard for the beginner. Thus, choosing a forex broker can be so helpful. At least, you should consider these matters below.

Security and Regulatory Systems

When it comes to everything related to money, security becomes one of the foremost characteristics showing whether the broker is good or not. A trader also needs to understand the entire regulatory status of it, besides it is regulated under which bodies.

Checking the credibility actually is not as hard as it seems. You can check it immediately through the regulatory agencies that rule the regulations worldwide. Didimax forex broker has been qualified that guarantees your privacy and security.

However, each country has its own regulations that occasionally different from one another. The thing you should know properly before picking the best forex broker is the license from the country it belongs to. Here is a list of numerous countries and their corresponding regulatory agencies;

1. United States:
a. Commodities and Futures Trading Commission
b. National Futures Association
c. Securities and Exchanges Commission

2. United Kingdom
d. Prudential Regulation Authority
e. Financial Conduct Authority

3. Australia
a. Australian Securities and Investment Commission

4. Germany
a. Federal Financial Supervisory Authority

5. France
a. Autorite de Controle Prudentiel
f. Autorite des Marches Financiers
g. Banque des France

6. Canada
a. British Colombia Securities Commission
b. Investment Industry Regulatory Organization of Canada

7. Indonesia
a. Badan Pengawas Perdagangan Berjangka Komoditi

Costs and Payments

Whatever the currency used to trade, you always end up being the transaction cost’s subject. So, it is natural to look for the cheapest and most affordable rated. But, don’t ever be too excited to find incredible cheap costs, it may go wrong.

Save your cash by sacrificing low transaction with a reliable and trusted broker. Make sure to analyze and tight your belt by checking and rechecking through the reviews on the internet. It will be better to find the balance between those two; safer security and lower transaction costs.

Choosing a forex broker also can be easily considered by looking at the payment systems. A good broker will ease the traders to deposit and withdraw with numerous options. More options to pay and get paid, more trusted the forex broker is.

Trading Platform

The last but crucial thing when choosing a forex broker is finding the platform suitable to the user. It means picker a more stable and user-friendly platform will be a good idea. One of the most recommended options is Didimax, a global broker under the licenses and member of the Jakarta Futures Exchange.

It accommodates all your trading needs with numerous help, including giving Didimax Help Center and Didimax Blog that can easily be accessed. It also provides 24/5 dedicated customer support for helping the traders in 3 different languages as you need.

Yes, the broker is not always flawless and perfect. Picking the easiest one to contact is important to solve the issue. The competence in dealing with the service and technical support will exactly show their true face on handling customers. Overall, choosing a forex broker will be easier when it provides a free demo account like in Didimax.