Business Daily Media

The Times Real Estate

.

Protect yourself in the financial markets: 8 useful tips for choosing a broker

Choosing a reliable broker to invest with isn’t always easy. OctaFX outlines eight tips on how to protect yourself in the markets and find a trusted broker to start your financial journey.

KUALA LUMPUR, MALAYSIA - Media OutReach - 21 July 2022 - Financial market trading is getting bigger every day. With so many brokers offering their services, finding the right one can be difficult. What should you look for in a broker to get the best out of trading in the financial markets and feel safe? There's no one easy answer, but there are many tips that will help you on the way.


Types of brokers

It is important to choose the type of broker you will trade with according to your goals and investment approach.

Cryptocurrency brokers and exchanges are a way to go if you find it easy to navigate highly volatile markets and want to invest in cryptocurrencies. However, bear in mind that the crypto market has experienced devastating crashes leaving many investors with heaps of coins worth nothing. The most recent example is the 2022 crypto crash. Nevertheless, there emerged tens of thousands of crypto millionaires in the last ten years due to the explosive growth of some cryptocurrencies.

Investing with a stock broker usually implies allocating considerable funds and playing long-term. Stock prices often rise or decline simply because of companies' policies, over which investors have no control, making price movements of a given stock largely unpredictable. Still, stock investing could bring about considerable profits, especially after thorough research and analysis.

Forex brokers mostly offer CFD trading on many instruments of different classes, including currencies, commodities, stock indices, and crypto assets. You can base your trading strategies on a variety of timeframes, from extreme short-term (M1, M5) to long-term (D1 and wider).

Let's stop on Forex brokers as the ones offering the most versatile trading experience.

Trading in a global, decentralised market

Foreign exchange trading is happening twenty-four hours a day, five days a week, on various exchanges around the world. Decentralisation is vital for the Forex market due to the globalised world economy's need for fast, easy flow of currencies.

International Forex brokers—as opposed to local ones—operate in a multitude of countries. They are allowed to operate globally through multiple international documents. Not being extensively regulated locally and not having to implement restrictions that often limit trading opportunities for traders, international Forex brokers can therefore offer more favourable conditions to their clients.

Many traders, especially beginners, choose to work with local brokers because of the licences they usually possess issued by local financial authorities. However, taking into account the global nature of the Forex market and heavy restrictions such brokers experience, trading with them may lack in the variety of trading instruments, promotional and bonus programs, and simply be less profitable because of the higher commissions.

Choosing a trusted Forex broker

When it comes to choosing a reliable international Forex broker to invest with, there are several handy tips that will help you.

    1. Check when the broker was established. Any broker with at least ten years of work in the financial markets is worth a try.
    2. Find information about the broker on the internet. Conduct your own research.
    3. Check the reviews (you can find them on trustpilot.com).
    4. Find out whether the broker has received any industry awards for its services in Asia, and Malaysia in particular.
    5. Check if the broker publishes its own educational content. A reliable broker is always interested in its clients being better prepared for trading in the financial markets.
    6. Find out whether the broker provides multilingual support.
    7. Find information on whether the broker is otherwise present in Malaysia. For instance, OctaFX regularly invests in charitable initiatives across the country to give back to the society it works in and be closer to its clients.
    8. The last—and the most important. Compare trading conditions of the brokers that showed themselves well in all other respects and choose the one with the lowest spreads, no additional commissions, and no swaps.

Using the tips above, you can find a trusted broker that would suit you and help you achieve your financial goals. Besides, you will protect yourself against fraudsters posing as Forex brokers as they will never be able to fake a reputation garnered over many years of work in the financial markets.

Hashtag: #OctaFX

The issuer is solely responsible for the content of this announcement.

About OctaFX

is a global broker that provides online trading services worldwide since 2011. It offers everything one needs to reach their investment goals, providing top-notch conditions utilised already by clients from over 150 countries worldwide.

The company is involved in a comprehensive network of charity and humanitarian initiatives, including improvement of educational infrastructure, short-notice relief projects, supporting local communities and small to medium enterprises.

In the APAC region, it managed to capture the 'Decade Of Excellence In Forex Asia 2021' award and the 'Best Forex Broker Malaysia 2022' by Global Banking And Finance Review, World Finance, and Cfi.Co, respectively.

News from Asia

BFSI Security Summit 2025 to Address Rising Cybersecurity Threats in Africa’s Financial Sector

JOHANNESBURG, SOUTH AFRICA - Media OutReach Newswire - 1 April 2025 - The BFSI Security Summit 2025 is set to take place on May 7, 2025, at the Radisson Blu Gautrain, Sandton, Johannesburg, brin...

SonicWall’s Zero Trust Network Access (ZTNA) Solutions Driving Success Tackling 2025’s Biggest Cybersecurity Challenges

One Year After Acquiring Banyan Security, SonicWall’s Cloud Secure Edge/ZTNA Remote Access Solutions See Remarkable Growth SINGAPORE - Media OutReach Newswire - 1 April 2025 - SonicWall today mark...

Prudential partners Thomson Medical Centre to offer more healthcare options and convenience for customers

SINGAPORE - Media OutReach Newswire - 1 April 2025 - Prudential Singapore ("Prudential") and Thomson Medical Centre (TMC) have signed a partnership agreement to enhance the healthcare experience f...

VT Markets Releases Q2 Report On U.S. Dollar Dominance Shift as Central Bank Diverge

HONG KONG SAR - Media OutReach Newswire – 1 April 2025 - Leading global financial services provider VT Markets today releases its Q2 report, highlighting the season's key market developments and p...

JINGDONG Logistics Expands Middle East Presence with 5 Warehouses, Offering Premium Services Across MENA Markets

RIYADH, SAUDI ARABIA - Media OutReach Newswire - 1 April 2025 - Recently, at JINGDONG Logistics' warehouse in Riyadh, goods were being efficiently processed, destined not only for Middle East...

Record-breaking Global Participation: Final Call to Join the TERA-Award by 9 April

HONG KONG SAR - Media OutReach Newswire – 1 April 2025 - The 4th TERA-Award Smart Energy Innovation Competition, organised by The Hong Kong and China Gas Company Limited (Towngas) and empowered by...

Ascott powers up loyalty programme, Ascott Star Rewards, with enhanced member features to treble membership by 2028

Refreshes user interface and boosts personalisation on ASR mobile app to enhance ease of use Expands booking capabilities of GenAI-powered chatbot on discoversasr.com to make onli...

The Henderson Art Garden Is Now Open to Public

HONG KONG SAR - Media OutReach Newswire - 1 April 2025 - Henderson Land Development Company Limited ("Henderson Land" or "the Group") (Stock code: 12) actively supports and promotes the developmen...

Announcement of Corporate Rebranding: IAT (Singapore) Technology Pte. Ltd. Transitions to IAS Global Pte. Ltd.

SINGAPORE - Media OutReach Newswire - 2 April 2025 - IAT (Singapore) Technology Pte. Ltd. is pleased to announce that the Company has officially been renamed IAS Global Pte. Ltd., effective April ...

Decisive factors: Octa carried out a global survey about brokers' red flags

KUALA LUMPUR, MALAYSIA - Media OutReach Newswire - 2 April 2025 - Octa, a global broker since 2011, surveyed more than 2,000 traders from Indonesia, Malaysia, South Africa, and Nigeria to discover...

ATO scrutiny not slowing surge in small business restructures

Small Business Restructuring (SBR) appointments have tripled in the first half of the 2025 financial year¹, revealing both growing awareness of th...

Temu expands partnership with Adyen as it launches across more markets

Adyen, the financial technology platform of choice for leading companies, today announced its expanded partnership with Temu, the global e-commerc...

Blend AI scales up in the USA following ecommerce success

Sydney, Australia – 1st April, 2025: Blend AI, a leading Australian adtech company, has announced the opening of its first US office in Austin, Te...

Why the Way We Think About Employee Wellbeing Is Holding Us Back

Workplace wellbeing has finally reached the mainstream. It’s no longer seen as a ‘nice to have’ or an afterthought—it’s a core business issue. But d...

Samsara Eco expands global leadership team

Industry heavyweights join Samsara Eco to accelerate its enzymatic recycling technology Chief Innovation Officer and Executive Product Director a...

National Print Awards Announce Ricoh Women in Industry Award

The National Print Awards (NPAs) are proud to introduce the Ricoh Women in Industry Award, a prestigious new accolade recognising and celebrating ...

Sell by LayBy