Furthermore, the different types of FX brokers come along with advantages as well as disadvantages, depending on the intended trading strategies. Against this background, a number forex des selection criteria for choosing a suitable Forex Broker will be discussed in this section, and several brokers will be introduced.
They not only allow the automatically and mostly unattended execution of complex trading strategies, but also to keep trading 24 hours a day, five days a week. Some commercial Expert Advisors are available at a discount, the respective discount coupons are presented next to description of the EAs. In this case the signal provider publishes trading signals to their clients which can be either manually traded or – using specialised trade copying software – automatically replicated on clients’ accounts. To allow the service provider to execute the trading strategy on the client’s account, the client has to provide a limited power of attorney to the broker. In turn, the broker usually charges a monthly performance fee by order and for account of the service provider. Cashbacks and Rebates Special conditions are available for many Forex Brokers if particular links are used to open an account or by referring to a so called Introducing Broker. The leverage created by trading on margin can work against you as well as for you, and losses can exceed your initial investment.