There are more questions that are good to ask, and each person may have others they want to add to the list, but these are a great base for what you will need to ask to make sure the brokerage firm is one you actually want to consider.
1.How long have you been in business and how many clients do you have? Obviously the longer they have been around, the better the sign. Having a large number of customers for a long time can also help to allay any fears. 2.What regulatory authority is your brokerage firm registered with, and in what country? The NFA (National Futures Association) audits books and is one of the best current regulators. The Forex market is currently far less regulated than stocks, bonds, and commodities - and so this is a very important question. 3.How fast is the order execution? It should be a second or less than a second. With modern technology there's no reason for it to take any longer. 4.Are you attached to any bank or lending institution? Banks are more heavily regulated, which gives extra peace of mind, as well as financial security. 5.What country is your corporation held? The right answer is any country with strict banking laws and oversight. The wrong answer is anywhere else. 6.What type of a broker are you? There are Market Makers (MM) and Electronic Communications Networks, and you'll want to know the difference between the two and which fits your needs best. 7.What is the minimum account trading size? This is important to remember to make sure your position isn't closed out because you're short on funds to cover. 8.What is the margin requirement? 1% is standard, but lower is better. The more control you have, the better. 9.Is my money held by a public or private company? You want it held by a public company, because they are insured. If a company goes bankrupt, you have a better chance of getting your money back.
These are nine questions that are absolutely essential to ask a Forex broker to find out if that brokering service is for you or not.
There are many qualities to look for in "a good builder." Not only you need someone who can manage well a team of craftsmen skilled, but also, you need someone who can understand your needs and fit into your budget and time.
These characteristics are more difficult to evaluate, but crucial: the ability to listen, to be a partner with you in solving problems along the way, and to be honest and fair. Here are some paths you can follow to help you select the builder that is right for you:
Firstly, do not be shy to ask for references and check them out. Secondly, do not hesitate to compare and contrast a few groups (doing too many may waste you time too).
Make sure you thoroughly check out your builder before you sign anything.
Ensure all builders quote for the same amount of work with same questions.
Here are 10 questions you should be asking your builders on their first interview:
1. Are you properly registered and insured? (e.g. CIS card.)
2. Where can I see examples of your work? Do you have any references?
3. What OTHER jobs have you got on at the moment? A builder with a lot of work may not be able to properly manage your job.
4. Who will manage the project and supervise the work? If your builder is using a supervisor, make sure the supervisor has sufficient experience in the type of work you want done.
5. Are you familiar with planning permission rules ?
6. How much will it cost? Making sure that VAT is included and clarify who purchase the materials. How much money do you need for your deposit? When are progress payments to be made?
7. When can you start the work and how long will it take? Do they need any holiday?
8. What sort of contract will be used?
9. What sort of van will they use (in case of any parking problems). Do they skip (this can be very expensive)?
10. What happens if the work is defective? Who cleans the site when it finishes?
Choosing your builder is a hugely important decision. If you pick a skilled craftsman who is properly qualified to do the job and meet your expectations it will make the project experience stress-free and exciting.
Both Jason Fielder & Chloe Miller are contributors for EditorialToday. The above articles have been edited for relevancy and timeliness. All write-ups, reviews, tips and guides published by EditorialToday.com and its partners or affiliates are for informational purposes only. They should not be used for any legal or any other type of advice. We do not endorse any author, contributor, writer or article posted by our team.
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