3 Things to Look at When Choosing a Broker

Choosing a broker can sometimes feel like walking through a minefield. The right broker can support your journey and the wrong one can ruin it, fast. Here's what to look out for so you know what a safe, credible broker really looks like.

Wasim: [Translated from Arabic] What are the most important features you might look for in a good broker?

Hassan: [Partly translated from Arabic] There are private brokers, zero spreads, zero commissions, I’m 100% sure I will lose my money with them. So, what I do is I check the license, I check where my money is going to be put. A strong bank, a reputable bank… I’m comfortable. Strong license… I’m comfortable. I trust their technology and execution and I’m comfortable, I’ll start trading with them. But I know I will pay for that, and I’m okay paying for that because it’s like insurance or security that my money is safe and my trades are good.

Wasim: [Translated from Arabic] So “Daman” is the foundation.

Hassan: [Translated from Arabic] 100%

Wasim: [Translated from Arabic] And Daman Markets is one of the most important brokers present in the market.