Inside Trade | I got 'ya partner! - Choosing the Right Broker

Nowadays, it's really hard to know who are trustworthy and who are not. Most especially that many are now living in a virtual world wherein you could become whoever you want to be. Claim to be a rich man even though your poor or pretend to be normal joe even if you're a millionaire in real life. My point is, it is quite hard to figure out which is which. What more if there are money at stake?

But that doesn't mean that you cannot hand out a little trust. You could still entrust your money to someone but just be sure that you're in good hands. Dishonest brokers are abundant in the net, wolves among sheep as they say. I cannot deny the existence of those ill intended brokers that are just pretending to be catering wonderful service but in reality only intends to steal your money. Good thing that there are some indications which gives a clue to separate the good ones from the rotten ones. Here are some of those clues to help you.

Communication

Honest brokers are always open for communication. They make themselves visible and reachable either on their support service or through their online and offline representatives. Forums usually have a section for traders to talk with the representative whenever they encounter a problem or have some complains regarding the services of that particular broker. If in case you can't see signs of their representatives, then better think twice before opening an account with them.

Representative Offices

Representative offices gives assurance to investors that this broker will most likely not run away with their money. It is also a sign of boldness from the broker that it is not afraid to show itself to the public. Aside from that, it also mean that their clients may at anytime go to their office and complain face to face.

Transparency

If you've got nothing to hide, why be afraid to show to your client what they needed to see. If a broker discloses a suspicious information then it may be a signal that something's not going right.

Right credentials

Credentials aren't only used as an ornament. It also gives security that other people recognizes the capability of the broker. If there is someone who could vouch for them, then it is a good sign that their are words are not weigh with air. like they, "words are still words until it is proven."