Best Broker

Mar 25, 2010 at 15:47
12,846 Views
130 Replies
Member Since Feb 10, 2020   2 posts
Feb 10, 2020 at 14:41
The market situation is changing and hard to predict.

Member Since Feb 10, 2020   2 posts
Feb 10, 2020 at 14:42
Nikodem24575 posted:
Thanks for the interesting information.
😂
Member Since Feb 11, 2020   4 posts
Feb 11, 2020 at 09:40
A good resource for experienced traders
Member Since Jul 16, 2014   11 posts
Feb 11, 2020 at 12:59
IC markets good broker
Member Since Feb 12, 2020   14 posts
Feb 12, 2020 at 13:09
Good resource
Member Since Feb 11, 2020   14 posts
Feb 14, 2020 at 10:28
What do you think, how long does Bitcoin stay afloat?
Member Since Feb 14, 2020   1 posts
Feb 18, 2020 at 08:27
Q_FxTrader posted:
I can give my opinion about some of the most popular brokers in terms of Pros and cons:

1.Pepperstone:

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.

2.Axitrader:

Pros:Good broker and ASIC regulated. Spreads are extremely low and excellent customer support
Cons:Very few deposit and withdrawal options

3.IC Markets:

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.

4.Tradersway:

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

5.Dukascopy:

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.

You've missed out USG FX.
Dream BIG !
Member Since May 27, 2019   11 posts
Feb 19, 2020 at 09:53 (edited Feb 19, 2020 at 09:53)
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.
Member Since Mar 18, 2019   98 posts
Feb 19, 2020 at 13:17
Ekvador posted:
IC markets good broker

yeah but plenty of others that are cheaper for the client tbh
Member Since Mar 18, 2019   98 posts
Feb 19, 2020 at 13:18
akevi posted:
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.

did u read any reviews first mate
Member Since Jan 01, 2020   21 posts
Apr 07, 2020 at 19:39
There is no such thing as the best broker, we all do live in a very different conditions on all possible levels and are located in different countries with different regulators, different possible max spreads and entirely anything else to that matter. I do not see that clearly. To each his own.
Member Since Aug 09, 2017   785 posts
Apr 21, 2020 at 15:19
It is very difficult to find a best broker from all, because there are almost thousands brokers in online Forex trading and most of them are found to be scams. You can choose a regulated trading broker which guarantee their clients finds.
Member Since Aug 11, 2017   886 posts
Apr 23, 2020 at 14:56
choosing a regulated broker does not mean any safety of funds as we have many past examples of regulated brokers truing into scams over night , so in addition to check for a broker which is being regulated I do prefer going with those who are reputed too.
Member Since Mar 23, 2020   63 posts
Apr 24, 2020 at 11:37
Imamul posted:
 You can choose a regulated trading broker which guarantee their clients finds.
I agree, also you should always diversify your funds. never keep all your funds with only one broker. I myself have spread funds over Fxpro, HYCM, Fxview and XM.
Member Since Aug 27, 2017   994 posts
Apr 24, 2020 at 16:41
In my trading, I am comfortable with the fixed trading spread, I see during the high voltage news, brokers (not all brokers) increase the trading spreads if traders use dynamic trading spread.
keeping patience.......
Member Since Feb 22, 2011   4862 posts
Apr 30, 2020 at 14:19
Adribaasmet posted:
In my trading, I am comfortable with the fixed trading spread, I see during the high voltage news, brokers (not all brokers) increase the trading spreads if traders use dynamic trading spread.

Even fixed spreads are stretched during news.
Read the blueprints.
So on normal conditions you pay more to your broker
On high volatility to pay the same as flex spread.
Member Since Aug 11, 2017   886 posts
May 04, 2020 at 09:12
Actually we know that we need to test their credibility and reliability for a broker. I know its so simple to have here learn what are their payment methods and their customer satisfaction but its really risky particularly if we are new. So better to also consider those older brokers and most important are that they have forums that we can have discussion about their broker.
Member Since Jul 20, 2019   373 posts
Jun 30, 2020 at 11:58
Cooper078 posted:
My recommendation is FP Markets (ASIC regulated), mainly for 2 reasons.

Trading conditions - They have some of the lowest spreads in their ECN account, EURUSD averages 0.0 pips for most parts of the day.

Customer support experience: This is really their USP, they take the extra effort to help their clients. I would suggest other traders to try FP Markets as well.

Non-Australian traders are not allowed to use ASIC-regulated brokers. If the broker is still allowing you to open an ASIC-account with them although you're not from Australia then stay away! There've been a lot of complaints for ASIC-regulated brokers lately. It's just not allowed since January 2020.
patience is the key
Member Since Jun 08, 2020   44 posts
Jul 01, 2020 at 12:01
I'm planning to open an account with FP Markets, Since I'm a scalper I'm thinking of opening a Raw Spreads account with them (ECN Pricing)

Is there any other hidden cost, apart from the Commission per Lot on their Raw Spreads account? Reviews from anyone currently trading with FP Markets would be appreciated.
Member Since Jun 22, 2020   39 posts
Jul 02, 2020 at 11:09
Generally, for traders who are looking for stability with their trading price, brokers offering fixed or low spreads are the most preferred choice. You can use brokers like XTB, Coinexx, CMC Markets or Turnkeyforex as these are a few trustable options for traders with various experience levels. However, I prefer investing with Coinexx and XTB because they offer the best opportunity to earn profit with a low spread in a huge marketplace.
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