I do not know who is best in reality. I can only tell you that you really need to select someone else on that matter anyway. Can we project something good or not... Do you need it to be regulated or something else please? Create it for me then.
It is very difficult to say which is the best broker for you since many things need to be considered while choosing a broker which is one of the most vital parts 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 a 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. A good adviser like AtoZ Markets can help you to choose the best broker from the market. They provide broker reviews which can help you to compare many brokers and select the best one for you.
Imamul posted: In Forex trading lowest spreads is a big deal when choosing a broker. From all trading elements in this market place spreads is mainly considered as an important financial tool which an investor should consider when choosing a broker. Lowest trading spreads is very much supportive to make profit with certainly by using any kinds of trading strategies in particularly the scalping that brings profit in a short time.
Hi, im currently looking for a good forex trader, i did a whole lot of search and confused, im looking for something like a minimum of 100$ deposit account opening and with lower spreads, any suggestions for a good broker.
So i came across several forex traders and the ones i found actually good for a beginner is either Global Prime or FP markets, but if you have good experience you can figure out or by now one would know which one to use.
Q_FxTrader posted: I can give my opinion about some of the most popular brokers in terms of Pros and cons:
Pros: Overall good broker and reliable and ASIC regulated with excellent customer support. Cons: Spreads are slightly higher compared to other brokers. Also, they have a leverage breakdown structure as the account balance increases.
Pros:Good broker and ASIC regulated. Spreads are extremely low and excellent customer support Cons:Very few deposit and withdrawal options
Pros:Seems to be a good broker and ASIC regulated. Spreads are very low. Cons:Very slow customer support. Back end seems to be fishy and they intentionally create problems, freeze and manipulate price feeds if they find a smaller account balance account starts making consistent profit. Consistently loosing accounts work fine with this broker.
Pros: Good spreads and excutions. Wide range of deposit and withdrawal options including crypto currencies as deposit and withdrawal method Cons: Not regulated. Also, they have a leverage breakdown structure while account balance increase
Pros: Well known and regulated broker. Very low spreads. Good customer support Cons: Limited deposit and withdrawal methods not suitable for all. Higher deposits required compared to other brokers.
Martinki posted: Hi, im currently looking for a good forex trader, i did a whole lot of search and confused, im looking for something like a minimum of 100$ deposit account opening and with lower spreads, any suggestions for a good broker.
Turnkey forex will suit you the best I think, in this case. They are offering ECN account for which minimum req is $100 and spreads are way too low around 0.4-0.5 pips on majors.
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Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance.
You could lose some or all of your initial investment. Do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading, and seek advice from an independent financial or tax advisor if you have any questions.
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