Broker

May 06, 2020 at 20:25
3,517 Views
59 Replies
Member Since Jul 19, 2020   751 posts
Aug 25, 2020 at 10:10
Broker is the medium of online trading. There are many scams broker out there. For trading you need to find a regulated and licensed broker with good facilities. Keep in mind their margin, spreads, withdrawal and deposit systems while choosing a broker.
Member Since Jul 19, 2020   34 posts
Aug 25, 2020 at 10:31
A broker is the most important element in forex trading. You can not make the trade without a broker. you have to choose a reliable broker to make money from this market. Because most of the traders lose their money because of choosing the wrong broker for them.
Member Since Jun 01, 2020   55 posts
Aug 28, 2020 at 04:46
Daniel993 posted:
I mostly scalp in the Majors, So looking for broker that offers tight spreads (Preferably ECN Pricing) and most importantly is stable during high volatility market movements.

I read reviews on ICM, FP Markets and Globalfx not sure which broker would be suitable for my requirements. Any reviews on these brokers ?

ICM is good to go, I have an account with them and also using fxview, their spreads are also good and commissions are lower than ICM only $2/lot RT, good for scalping.
Member Since Feb 07, 2020   41 posts
Aug 29, 2020 at 09:20 (edited Aug 29, 2020 at 09:21)
Hello Johannes,

According to your specifications, you must go for turnkey forex, coinexx, fxbrew, and ic markets. All these are very good brokers with MT4 platform and a separate member portal with low spreads & commissions.
Member Since Aug 11, 2017   886 posts
Sep 01, 2020 at 10:06
The best broker according to me always make certain easy withdrawal system without long time process and they for all time ensures best trading environment for using any trading techniques by providing comfortable trading spreads as well minimum margin requirements.
Member Since Jul 19, 2020   298 posts
Sep 02, 2020 at 10:08
Yes for trading we need a good broker. A broker thatis regulated and licensed. A broker that provide low spreads and easy withdrawal and deposit facility. Requotes also need to consider. If you are a scalper you have to find a broker without requotes.
Member Since Jun 26, 2020   327 posts
Sep 03, 2020 at 08:59
there is any guarantee that only regulated trading broker always can ensure security of funds with a wide range of trading technologies. actually its all about the matter reliability.
Member Since Apr 28, 2020   52 posts
Sep 03, 2020 at 12:33
For EU brokers and MT4, I believe these brokers are good fits in order (low spreads, EU regulated):

- ICM
- Fxview
- Tickmill
- Fxpro
- Hotforex

There might be many more options, but I think one/two of these are enough to look at.
Member Since Jul 23, 2020   759 posts
Sep 08, 2020 at 22:18
SCAM is increasing during Covid-19 pandemic. Trader should always check regulator website. They often alert trader of new scam broker.
Member Since Jun 26, 2020   327 posts
Sep 09, 2020 at 06:13
due to COVID 19 situation most of the broker right now cutting their high leverage ratio
. its really true ? there is anyone who has experience about that ?
Member Since Jan 11, 2019   147 posts
Sep 09, 2020 at 12:30
You can choose IC markets,Fxpro,HYCM. But make sure to check the trading conditions on demo account before going live with any broker
Member Since Jul 20, 2020   341 posts
Sep 17, 2020 at 18:46
Broker is the most important element in trading. Without a good broker, you can not make money from this market. So, choose a good and reliable broker for you to trade and make profit.
Member Since Jul 23, 2020   869 posts
Oct 20, 2020 at 17:42
ElliotCooke posted:
Broker is the most important element in trading. Without a good broker, you can not make money from this market. So, choose a good and reliable broker for you to trade and make profit.
Good broker is needed for avoiding scam. Good trading platform and services help you to enjoy your trading journey more.
Member Since Jul 19, 2020   788 posts
Oct 21, 2020 at 00:50
The broker can create the necessary technique for a trader. If choosing that broker is wrong then trading can be a lot of trouble. So I suggest everyone choose the right broker.
Member Since Jun 26, 2020   327 posts
Oct 21, 2020 at 05:12
broker is a big deal right now in Forex trading , it should be chosen with cool mind , because in spite of good knowledge good result will not come ifr you don't have a reliable support from a credible broker , fact , broker always can affect the result of our trading with certainly.
Member Since Aug 11, 2017   886 posts
Oct 21, 2020 at 05:32
Even though so many traders always emphasis on acquiring good trading knowledge but I don’t. Because, according to me despite of having most powerful analyzing trade knowledge that’s not possible at all to lead a healthy trading life with certainly, as a result the broker can affects the result of our trading with certainly. So when choosing a broker we have to be more careful.
Member Since Aug 09, 2017   785 posts
Oct 21, 2020 at 06:31
right now most of the broker cut their high leverage ratio , i dont why , any idea about this ?
Member Since Jul 20, 2019   373 posts
Oct 21, 2020 at 09:03
Imamul posted:
right now most of the broker cut their high leverage ratio , i dont why , any idea about this ?

Most brokers will do this because of regulations from ESMA (EU), NFA (USA) and other regulators.
Only offshore brokers will still have the higher leverages.
patience is the key
Member Since Jul 20, 2019   373 posts
Oct 21, 2020 at 10:37
jordonjamesson posted:
I'd go with ICMarkets.
You should be careful if you're a resident of the EU:
Below are the sites Consob has ordered to be blacked out:
...
Raw Trading Ltd (website www.icmarkets.com);
....
Source: https://www.consob.it/web/consob-and-its-activities/warnings?viewId=ultime_com_tutela
patience is the key
Member Since Mar 28, 2021   617 posts
Jul 31, 2021 at 10:34
Broker is the medium by which we can do online trading. We should be very careful to choose a broker as there are lots of scam brokers out there online.
Sign In / Sign Up to comment
You must be connected to Myfxbook in order to leave a comment
*Commercial use and spam will not be tolerated, and may result in account termination.
Tip: Posting an image/youtube url will automatically embed it in your post!
Tip: Type the @ sign to auto complete a username participating in this discussion.