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Best Broker

Andronn
Jul 05 2020 at 03:26
82 posts
Precisely because the broker Amarkets offers the minimum spreads I made a choice in his direction

Roberto21
Jul 06 2020 at 07:59
364 posts
i would strongly advice any trader to consider the facts before attempting to trade binary options. There are literally almost ZERO brokers who are trustworthy in their binary offerings , and there is no reliable way to vet them in advance –similar to how trading Forex itself was 10 years ago.

lucasser
Jul 06 2020 at 11:36
21 posts
I'm a new trader looking for a regulated and reliable broker to go live, did my research on broker and shortlisted HotForex, FXPro, IC Markets and FP Markets.

Any traders currently using or have used these broker, reviews on their spreads, commissions and reliability. MY Fx book

compuforexpamm (compuforexpamm)
Jul 06 2020 at 11:43
265 posts
lucasser posted:
I'm a new trader looking for a regulated and reliable broker to go live, did my research on broker and shortlisted HotForex, FXPro, IC Markets and FP Markets.

Any traders currently using or have used these broker, reviews on their spreads, commissions and reliability. MY Fx book


I use all 4 and they are all good. My preference is for IC markets in conjunction with Paybackfx. FP Markets is a close second followed by the other 2.

Wealth Creation Through Technology
Calacti
Jul 07 2020 at 12:25
37 posts
I can also vouch for FP Markets. I think it is not about finding the best broker, but it is about looking for the broker that suits your account and expectations very well. I always gave priority to keeping my account safe while focusing on the long-term trading. I currently have accounts with XTB, FP Markets and Fxview.

vosrgen
Jul 08 2020 at 04:24
6 posts
So far i'm trading with FXTM and XM, but also looking for a good broker that can offer a managed account with proven stable results.

Can anyone recommend such?

compuforexpamm (compuforexpamm)
Jul 08 2020 at 04:58
265 posts
vosrgen posted:
So far i'm trading with FXTM and XM, but also looking for a good broker that can offer a managed account with proven stable results.

Can anyone recommend such?


Actually, FXTM is ok for managed accounts. I have some 'throw-away' money with Alpari(they are the same company as FXTM) in a managed account that is doing ok.

Wealth Creation Through Technology
Tezilkree
Jul 08 2020 at 05:28
57 posts
The main thing is not to rush and choose a broker that will really give you a good opportunity to make money

Justin990
Jul 09 2020 at 11:26
21 posts
From my experience dealing with multiple brokers, I would recommend FP Markets. Their Raw Spreads account (ECN) has some of the tightest spreads with EURUSD averaging 0.0 pips.

They are reliable too as FP Markets is regulated by ASIC and has been active for more than 15 years.

marco_mmbiz
Jul 09 2020 at 14:42
364 posts
jamesgwyther posted:
marco_mmbiz posted:
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.


What about IC Markets?


That most probably depends on where you are from. If you're not from Australia you're not allowed (or it's not recommended) to use an Australian broker account. You need to have a look on your T&Cs which you'll get when opening an account on a broker. For example: on XM I can only choose between their IFSC or CySEC accounts. ASIC is not available for me. The same should go for IC Markets, FP Markets and so on. 😉

Here you can find some good financial regulators around the globe:
https://en.wikipedia.org/wiki/List_of_financial_regulatory_authorities_by_country

patience is the key
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