Akasuki posted: You can use this criteria: The legality of the broker, Company address is real, Forex award winner, Customer review about this broker, Bonus and promotion, Easy to WD the profit.No restriction to use EA, scalping, hedging..etc
good information, Need to work with a regulated broker.
There are some tips actually, how to determine the reliability of the particular platform. The main tip is to try it and yes there is no better proof than your personal experience. You have to allocate particular sum of money, even the smallest one and try to trade with the broker or on the platform. In this case you will clarify everything for yourself and you will be able to draw conclusions. To my mind, the safest way is just to try to find the reviews about this platform in the internet. As a rule, people honestly share their experience of trading with certain brokers or on certain platforms. So, here you should decide on your own.
Ida520 posted: Choose a broker, I also test with a demo account first
That’s right, it’s always better to trade a demo account to find out the authenticity of a broker. I did the same when I started trading with aaafx despite knowing it is a regulated broker. It is okay to be extra cautious at the start.
Agree, though the demo will not tell you how to process the emotions but it gives the gist of the brokers’ trade execution speed and spreads in volatile sessions. I never trade directly in the live market when switching to another broker. Recently I have shifted myself to fxview after testing it on demo for a few weeks.
I like to read reviews from real people on multiple different sites and on Facebook as well. Seeing what real world traders think about a broker is so much more important to me than reading articles that may lean in one direction or another based on their affiliation with or against said broker. If you notice red flags, like a lot of complaints about withdrawal problems, then it's easy to know that you need to stay far away.
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