It's time to give advice to friends who are preparing for foreign exchange trading once a year. 20 10 is an important year for industry merger, supervision strengthening and scientific and technological development. There are various industry events. ODL belongs to FXCM, AKMOS has been acquired by FOREX CLUB, and the retail foreign exchange business of MG and CMS has been taken over by Jiasheng. Jiasheng and Fuhui are listed on the new york Stock Exchange. Some small foreign exchange brokers put other countries under regulatory pressure. The number of foreign exchange brokers in the United States has dropped to half of that in 2008. Russia's MetaTrader 5 platform has been launched. Barclays Capital launched personal foreign exchange business. Saxo released a trading portal, and so on. In the past, when selecting foreign exchange brokers, the editors of Foreign Exchange Huitong paid attention to "capital security" to prevent traders from encountering fraud and heavy losses. This focus will not change now, but with the evolution of the industry, we will share more selection skills with you. You must strictly examine foreign exchange brokers to ensure that they are competent, trustworthy and can consider your best interests. Here are some important questions to keep in mind when evaluating brokers: 1. What regulatory qualifications have foreign exchange brokers obtained? Regulatory qualification is the core to ensure the safety of funds. You should think like a detective, check the regulatory records of your brokerage firm, as well as the industry comments and corresponding supporting materials of the media. If the broker accepts the constraints of the local regulatory authorities, it shows that the broker takes the business seriously and strives to comply with regulatory laws and requirements. If the circumstances are not good, they will be punished by the regulatory authorities. In the official of the regulatory agency, you can check whether the brokerage firm has any violation records, or ask the supervisor to find out whether the brokerage firm has any bad performance. When looking at the past experience of brokers, which ones really need to be vigilant? We need to focus on the litigation and fines announcement on the supervision website, and check the complaints related to the transfer of customers' funds, fraud or false propaganda. We should pay attention to those serious disputes that lead to major arbitration. On the other hand, some technical violations such as failure to establish information filing in time are common, and such incidents are harmless and tolerable. Anyway, there are more than 100 foreign exchange brokers in the world, and the goods are better than the three. 2. What is the quality of the trading platform? When a brokerage firm initially judges that it is feasible, it will enter the platform testing period. Install the simulation trading platform, double-click the desktop icon with the mouse, enter the simulation account number and password, wait for a few seconds, and several numbers will pop up. This is a currency pair. You need to place some orders to see its trading speed, and you can also look at the data to see if the platform is stable. This is a period of mutual understanding. Please refer to the following questions when choosing a platform: 1. Is there a Chinese platform and all-day online customer service? 2. How many pairs of currencies can I hope to buy and sell? 3. How many times do I want to use the lever? 4. Is the price difference fixed or floating? If it is fixed, the spread is usually large. Although the floating spread is low, the spread will expand when the transaction is sparse. 5. What is the spread of currency pairs? This is the core of the judgment platform. The price difference is too big. In frequent short-term trading, your transaction cost is too high. 6. Can I be the microtransactions of 1K? Many newcomers are not suitable for 10K or larger accounts, which is too risky.