Foreign Exchange Dealer

Ask your foreign exchange dealer about the spreadsFinding a foreign exchange dealer with a good spread policy can result in a big payoff. Normally, the cost of switching brokers is relatively low. Proper research on the competition is well worth the time, effort, and investment.Before you make the decision to switch brokers, you need to understand what spreads are really costing you. Then you can begin to see how lower spreads can improve your returns. When choosing a foreign exchange dealer, you also will want to ask the right questions and understand different brokers' quality of execution--given your trading style.