We select broker on the market

In Russia the standard of qualitative work on the market For [foreks] for the financial companies are large western broker houses. Serious investors select precisely them and, in the first place, from the considerations of reliability. In many respects given preferences are caused by psychological reasons. Historically entire western (be it jeans, bank or broker) seem Russian citizens, who lived decades after “the Iron Curtain”, the more qualitative more reliable and more prestigious. However, bankruptcy of such giants of the market For [foreks] as American Refco and Swiss Sovereign Of financial Of group forced many our fellow citizens, who trade in world currencies, in a new way to look at a question of the selection of broker. However, thus, to what it is worthwhile to focus attention with making of a decision about the beginning of collaboration with one or other financial company or another?
Let us begin from the reliability. By reliable financial mediator usually considers himself broker the prolonged history of work, the license and [podkontrolnostyu] to controls, the system of the insurance of his responsibility before the clients, fixed by the system of risk- management inside the company, by legal transparency, by the protection of contract relationship. In this case the company still must be sufficient respectable, although each of us understands this term in their own way.
By itself life still guarantees nothing: important western companies mentioned above existed on the market sufficiently for long. However, the risk of the loss of money in the firm -[odnodnevke] is considerably higher than in the broker, who allows access to his clients to the financial markets not one year. The prolonged history of work - these are the fixed mechanisms of risk- management (otherwise, company already it ruined), the qualified personnel, reliable partners, financial reserves so forth in a word, in company with the history of work are advantages over novices on the market.
Documents and controls. Unfortunately, as practice shows, the presence of licenses and [podkontrolnost] to the regulated organizations, be it state or branch, also does not give the guarantee of the safety of your money. However, this is serious plus in the selection of broker.
First, the process of licensing by itself intercepts explicit swindlers. Company is obligated to open before the state of its owners, to grant regulation documents, accounting. Furthermore, controls in one or other form or another control operational activity, financial indices of company.
In the second place, always there is organization, where client can be handled complaint or claim. Thus, in the USA by the control of brokers on the market For [foreks] deals WITH CFTC (Commodities Of futures Of trading Of comission - commission for trade commodity [fyuchersami]) - government commission in status of the Federal agency. In England - this FSA (Financial Of services Of authority - commission for financial services). In Russia there is no controlling organization after the [marzhinalnymi] transactions on the non-stock jobbing currency market as yet. However, if Russian deputies study this problem, then possible will to assume that it become the Federal Service for the financial markets. [FSFR] even now controls the activity of brokers on the fund, commodity markets and the market for [derivativov]. So that with the selection of broker it is worthwhile to focus attention, what licenses exist in it, who them gave out also for what period.
In the case of arrangement the broker of significant means, excess will have to inquire, what guarantees of the safety of your means broker will give to you. In England and USA the segregated calculations and the guarantees of the recovery of means from the government can be such guarantees. In Russia and other uncontrolled countries reliable brokers most are interested in one or other method or another of resolution of this question. For example, Russian brokers “[Kalita]-[Finans]” and “[Akmos] Of [treyd]” insured their responsibility before the clients in the insurance companies “[Ingosstrakh]” and “agreement”, respectively. However, this is the only method to show its reliability clients. This can be, for example, the guarantee of large American or European bank or even any method.
With the beginning of collaboration from one or other companies or another, it is important to focus attention on the agreement, which you sign and on the basis which then it is necessary to work (God forbid to be judged). Agreement must completely describe all essential conditions for your interaction with the broker on the basis of the civil legislation.
Serious companies in their activity are guided not only by agreement, but also by the public regulations of the accomplishment of operations, conducting of transactions, in which are prescribed all numerous nuances (commercial conditions, the types of warrants, questionable situations and other). The absence of regulations must set potential client. If you intend to work with the domestic broker, and for the financial transactions to you propose foreign company or generally [offshor] - this is the occasion to think. To think about how where will be solved questionable situations, as you will transfer money. Calculations with the foreign firms (even not compulsorily [offshorami]) can fall under “anti-washing offconfrontation” companies both in Russia and abroad. Perhaps it is pleasant, if your money “do hang” on the calculated bank account or commercial calculation will be blocked only because you - the citizen of Russia? , in addition interest in your payments they can sooner or later appear tax organs for the place of your residence.
In Russia many brokers work according to “[bukmekerskoy]” diagram (for example, [Foreks] club, E- capital), proposing to its clients to count on rates of change. Here also important previously to understand and to be ready for the fact that in the case of the appearance of questionable situations, your “rates” according to the Russian legislation are made level to the transactions “of bet”, i.e., subject to judicial protection.