The Forex trading marketplace is crowded. With a plethora of financial services companies offering similar opportunities to grow your investments, it is imperative to know how to identify the right partner.

Dubai International Financial Centre is a top ten global financial centre and the leading financial hub in the Middle East, Africa, and South Asia (MEASA) region.

DIFC is a vibrant business ecosystem of over 25,000 professionals working across more than 2,400 active registered firms that benefit from the centre’s robust independent judicial system & regulatory framework, a global financial exchange, inspiring architecture, and enabling support services.

One of the reliable forex brokers in Dubai, Tickmill offers a variety of 62 currency pairs to trade via CFDs, in addition, a package of major stock indices, oil, precious metals, and bonds.

It is wise to select a forex broker with a proven track record of strong financial results and stable growth, one that is also a trusted market leader and innovator.

Here are 10 tips that will help you make the right decision.

1. Check the company background – It is vital to ascertain the pedigree of the company so that you don’t take risks with a startup that may disappear without a trace. If the forex broker has won acclaim and awards you are likely to find reassurance to invest.
2. Prefer a Brick and Mortar company – Ensure that there are feet on the ground. You should ideally have an assigned account manager to assist you in providing the right investment advice, as and when required.
3. Regulatory Compliance is a must – It is important to check the registration of the company with local regulatory bodies to ensure that they follow the best practices of the region.
4. Check the ‘lock-in’ period – Read the fine lines before investing. It should be possible to withdraw your investments in case of an emergency.
5. Evaluate transaction costs – Verify the upfront and ongoing transaction costs. Make sure there are no hidden transaction costs. Always read the fine print.
6. Robust trading platform – The forex broker should have a seamless interactive portal to provide you access to your investment performance in real-time.
7. Instant Execution feature – Do check the efficacy of the trading portal so that your execution of the transaction is instantly activated so you don’t lose money due to inefficiencies of the system software.
8. Dedicated service personnel – There should be an after-sales service person available 24/7 to answer any questions regarding spreads, leverage, regulations, and company details.
9. Client Testimonials – Always ask to review some testimonials to ensure the past performance of some clients’ investment portfolios.
10. Availability of demo account – Ideally your forex broker should provide you with a demo account so you can try out the essential features of the trading platform before you make the actual investments.

Once you have done your due diligence, you can take a calculated call to work with the right forex broker. Always allocate time regularly to follow your portfolio performance and seek new growth opportunities.