Best Broker

victoriajensen posted:
I think ActivTrades allows the deposit the original poster was talking about.

Actually, there have so many brokers who are allowing this kind of retail investment! But the question is, reliability.

I'm looking for a broker who has a leverage of 1:500 and a small spread. Since how many brokers adhere to ESMA restrictions, there are difficulties with trade.

Faneel posted:
I'm looking for a broker who has a leverage of 1:500 and a small spread. Since how many brokers adhere to ESMA restrictions, there are difficulties with trade.

Check the broker section of this forum! There have thousands of brokers according to your choice.

When looking for a broker there are many things that you have to check. Accordion to my trading experience, first of all, I will be looking for in a broker is, if they are regulated or not. Then I will see their deposits and withdrawal system how it works. Only regulated trading broker guarantee their client’s funds with certainly.

To start, always look for the broker to be well regulated. And look for reviews in different web and read opinions. It's what I always do when I'm going to deposit in any broker.

Forex broker is a big deal to ensure a complete trading life, because the broker can affects the result of our trading with certainly. we should choose the broker which is more appropriate to the concept of trading that will be used , if you love doing scalping should choose the broker that allows trading concept such as this.

Not endorsing any brokers here, but from personal experience you can not go wrong with ICMarkets, Pepperstone and Tickmill. I have used all in the past with no issues and they tick all the boxes.

If you do not qualify for a professional account status and you are stuck you can always opt for opening ICMarkets at their Asic entity.

AniLorak posted:

Faneel posted:
I'm looking for a broker who has a leverage of 1:500 and a small spread. Since how many brokers adhere to ESMA restrictions, there are difficulties with trade.

Check the broker section of this forum! There have thousands of brokers according to your choice.

Thanks for helping. I'll do so.
What broker do you prefer?

Faneel posted:

AniLorak posted:

Faneel posted:
I'm looking for a broker who has a leverage of 1:500 and a small spread. Since how many brokers adhere to ESMA restrictions, there are difficulties with trade.

Check the broker section of this forum! There have thousands of brokers according to your choice.

Thanks for helping. I'll do so.
What broker do you prefer?

I am quite happy with all three :)

Another point I forgot to mention, it is always best to split your capital amongst a few brokers for your trading, this way you can have a way to compare performance of the broker and the market conditions, plus you are not fully exposed in the event a broker goes bust and goes in to liquidation.

So say you have $15,000 that you will be investing, its is best to allocate say $5,000 to Tickmill, $5,000 to Pepperstone and $5,000 to ICMarkets. This way all your eggs are spread across different baskets :)

Also so you are not managing multiple accounts depending on your strategy, you could trade off one account and use a trade copier (I love FXBlue trade copier - it is great plus its free!) to copy your trading to the other broker accounts (Sadly this setup does not work great on scalping, but works ok on other strategies!)

L3CAP posted:

Faneel posted:

AniLorak posted:

Faneel posted:
I'm looking for a broker who has a leverage of 1:500 and a small spread. Since how many brokers adhere to ESMA restrictions, there are difficulties with trade.

Check the broker section of this forum! There have thousands of brokers according to your choice.

Thanks for helping. I'll do so.
What broker do you prefer?

I am quite happy with all three :)

Another point I forgot to mention, it is always best to split your capital amongst a few brokers for your trading, this way you can have a way to compare performance of the broker and the market conditions, plus you are not fully exposed in the event a broker goes bust and goes in to liquidation.

So say you have $15,000 that you will be investing, its is best to allocate say $5,000 to Tickmill, $5,000 to Pepperstone and $5,000 to ICMarkets. This way all your eggs are spread across different baskets :)

Also so you are not managing multiple accounts depending on your strategy, you could trade off one account and use a trade copier (I love FXBlue trade copier - it is great plus its free!) to copy your trading to the other broker accounts (Sadly this setup does not work great on scalping, but works ok on other strategies!)

Interesting reply! But I am with a single broker! Although, I liked your idea since I got your point.

Faneel posted:
I'm looking for a broker who has a leverage of 1:500 and a small spread. Since how many brokers adhere to ESMA restrictions, there are difficulties with trade.

Excuse me if i may, come across as an armature but outside of aisc broker only the unregulated ones offer leverage upto 500X and if you happen to be from US, then you are left with no choice but to go with the unregulated ones. Some of them like coinexx are listed here as well https://www.myfxbook.com/forex-broker-spreads
And if you read about them on forums etc some of them have a fair reputation. So will splitting capital amongst these brokers also make much sense?

Spreads is mainly considered as an important financial tool which an investor should consider when choosing a broker. We the traders who are particularly scalpers have to choose the broker which always makes sure lowest trading spreads which is very supportive to make profit with certainly by scalping.

if you want to find a right broker, you have to move Forex Pace Army where people share their own trading experience. And EarnForex and Babypips can be a great source to find a right broker nowadays.

Very subjective this, all depends what you are looking for.

It is very difficult to say which is the best broker for you since many many things need to be considered while choosing a broker which is one of the most vital part of forex trading and to make profit in forex.

You can't trade in the same way and same trading strategy in the same broker when you are trading few hundred dollars vs few million dollars. It makes a huge difference.

For smaller account trading there are a handful of regulated good brokers which you can choose. But for larger account trading with big money institutional brokers should be chosen.

Broker is a very sensitive issue here! According to my 4 years trading experience, only regulated Forex brokers are reliable to use! So, traders need to select their trading platform based of regulation status of Forex brokers!

Roberto21 posted:
 if you want to find a right broker, you have to move Forex Pace Army where people share their own trading experience.

Absolutely; till now this is the most popular review site! And so active; besides popular Forex forums are also useful.

We the traders should choose the brokers in cool mind, we have to choose the broker which is more appropriate to the concept of trading of trading that will be used , the traders who are particularly scalpers have to choose the broker which allows trading concept such as this.

Hugosway or IC Markets