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Choosing a new broker

Oct 19, 2020 at 04:27
1,898 Views
46 Replies
Member Since Sep 12, 2017   238 posts
Oct 19, 2020 at 04:27
When does a trader move to a new broker? what are the expectations from a new broker and disappointment from the previous/current broker.
Member Since Jul 19, 2020   751 posts
Oct 19, 2020 at 06:22
First your broker needs to be regulated and licensed. Instant execution of trades is very important as well. If your broker requotes a lot you need to switch it. Also you should looks spreads and deposit and withdrawal facilities.
Member Since Sep 12, 2017   238 posts
Oct 20, 2020 at 02:18
UweMoench posted:
First your broker needs to be regulated and licensed. Instant execution of trades is very important as well. If your broker requotes a lot you need to switch it. Also you should looks spreads and deposit and withdrawal facilities.
do you believe unregulated brokers are not a good choice?
Member Since Jul 20, 2020   232 posts
Oct 27, 2020 at 10:03
A broker is the most important thing in forex market,. many traders lost their money because of choosing the wrong broker. So, you have to choose the best broker from the market to survive in this market.
Member Since Jul 19, 2020   298 posts
Oct 27, 2020 at 12:12
Choosing the right broker is very important. The first thing we should consider is broker's regulation. For the security of our funds we need a regulated and licensed broker. Then we should look for the services we are looking for.
Member Since Jun 23, 2020   34 posts
Oct 28, 2020 at 10:29
For me it's always to do with withdrawals. Wherever that seems to get tacky, I prefer to switch. Currently using Ameritrade and Fxview. So far so good!
Member Since Jul 20, 2020   341 posts
Oct 28, 2020 at 15:32
A broker is the most important thing in the forex market. Many traders lose their money because of choosing the wrong broker.
Member Since Jul 19, 2020   788 posts
Oct 29, 2020 at 00:46
If you want to choose a broker in trading, you must first see if the broker is regulated and licensed. Then how are the broker's spread and deposit/withdrawal method? If the broker can run all these things in the right way, then it is possible to trade under that broker.
Member Since Sep 12, 2017   238 posts
Oct 29, 2020 at 03:23
EbonyJones posted:
A broker is the most important thing in forex market,. many traders lost their money because of choosing the wrong broker. So, you have to choose the best broker from the market to survive in this market.
thats true..what all do you see while you choose a broker for yourself?
Member Since Jul 19, 2020   318 posts
Oct 29, 2020 at 10:54
If you want to start the trading you need to choose a good and regulated broker from the market. There are so many fake brokers in the market. So, you have to be very careful about choosing the broker for you.
Member Since Jul 20, 2019   372 posts
Oct 29, 2020 at 10:56
perryjohn765 posted:
UweMoench posted:
First your broker needs to be regulated and licensed. Instant execution of trades is very important as well. If your broker requotes a lot you need to switch it. Also you should looks spreads and deposit and withdrawal facilities.
do you believe unregulated brokers are not a good choice?

Nope. Would you ever give your money to someone you don't know? 😉
patience is the key
Member Since Oct 20, 2020   49 posts
Oct 30, 2020 at 10:23
I'm new into forex and looking for a broker to go live soon, as a beginner should i look for a broker based on spreads and commission if i want to scalp or based on reviews and leverage ?
Member Since Sep 26, 2019   23 posts
Oct 30, 2020 at 10:29
There are alot of traders that make the mistake of choosing abroad because it is recommended to them when it shouldn't always be the case. Choose A broker because you have found out that it is the right one for you and not just because you see a lot of its ads directed at you.
Member Since May 30, 2020   16 posts
Oct 30, 2020 at 12:25
There are a lot of or bad brokers these days that follow traders into losing all their money in trades. The use programmed trading charts to make the traders win and lose as they want them to. it is all a matter of what you know first. You need to be careful in the forex market and especially when choosing a broker.
Member Since Jul 19, 2020   318 posts
Oct 30, 2020 at 19:20
Choosing a good and reliable broker form this huge market is not so easy. You have to research the market properly when you are going to choose a broker for you.
Member Since May 11, 2020   74 posts
Nov 02, 2020 at 12:16
Bradley88 posted:
I'm new into forex and looking for a broker to go live soon, as a beginner should i look for a broker based on spreads and commission if i want to scalp or based on reviews and leverage ?

Since you are new first and foremost thing to learn to spot out bonus bogus people.
Now since you need a new broker, according to one of your requirements (low spreads and commissions), Fxview and tickmill are good options and as for reviews and leverage, well you should always check reviews before going with any broker. And as for leverage, I don't think any regulated broker will offer you high leverage, because then you're funds will be at stake. XM has over 888 but that is outside regulated hand. So better be careful on that front too. All the best!
Member Since Dec 24, 2020   3 posts
Dec 24, 2020 at 13:37
many brokers suggest bonus
find some and start trading for free with real money

there are many sites where you can find such opportunity
Member Since Jul 23, 2020   869 posts
Dec 24, 2020 at 17:39
Andreia1 posted:
many brokers suggest bonus
find some and start trading for free with real money

there are many sites where you can find such opportunity
If the bonus is withdrawable it is good. If not, it is kind of useless.
Member Since Jul 23, 2020   759 posts
May 08, 2021 at 17:08
GeorgeBischof posted:
Choosing a good and reliable broker form this huge market is not so easy. You have to research the market properly when you are going to choose a broker for you.
You can also check user review to overview their services.
Member Since Dec 28, 2020   187 posts
May 14, 2021 at 10:40
Lowest commission, ultra tight spreads, hassle free deposit and withdrawals and some bonus also.
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