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There is no doubt that one of the most important things that you should care about when you become talented to move to the practical phase in this area (financial markets)
Which is to open an account with one of the brokerage companies in currency trading.

There are hundreds of brokerage companies that work through the Internet, some of which amount to monthly turnover of several billion dollars, which are companies tracking many countries, including the United States, Britain and other countries

On what basis will the brokerage company choose?

What do you have to ask about before you open a real account and send your money to this company?

There are a lot of things you should learn before you open a real account with a brokerage company.

1. Ensure the credibility of the company.

When you open a real account, your first job is to send money to the brokerage firm to put in your account and use it to buy and sell currencies. You may decide to open your account up to thousands of dollars.

Before you do this, you must make sure that the company to which Malik will send is a company officially registered with the country to which it belongs and that its record is clean and free from any manipulation or placing on customer deposits.

There are several ways to do this type of inquiry.

Ask the company directly about the collateral it provides for its clients' money.

To contact the official authorities of the State followed by this company as much as possible.

Inquiry about US companies:

The US Government requires all companies, institutions and individuals who mediate in the financial markets for others to register with the CFTC

The Commodity Futures Trading Commission is the governmental body of the US Congress specialized in organizing the work in financial markets of all kinds.
This body is under the control of another self-regulated institution called the National Futures Assosiation (NFA). This association is responsible to the CFTC for monitoring and registering its own private institutions and ensuring compliance with standards that guarantee the minimum safety of dealers in this market in order to preserve investor funds. And in support of national and international confidence in US financial markets

There are many types of institutions and categories that fall under the control of NFA, including brokerage firms in the currency market.

After any brokerage company in the financial markets submits to the NFA all the documents confirming its approval of the standards, each company shall be given its own ID number. Anyone who wants to use it can inquire about the history of this company since registering with the NFA. The names of the founders and the number of cases filed against the company by the clients in which the judgment has been made or has not been made and other information that enables the client to judge the credibility and integrity of the brokerage firm.

You can inquire about this information by telephonic call from within the United States or through the official NFA website where you can inquire about the brokerage company that you want by its name or by its NFA number which is the most accurate and preferable method.

Before opening an account with an American brokerage, ask if they are registered with the NFA and ask them to provide you with their NFA ID number. In any case, most registered companies put this figure clearly on the front page but if you can not figure out this figure yourself, you should contact the company and ask them directly about this number.

After you get this number you can go to the NFA website and enter the number in the space to get the information that will help you judge the integrity of the company.