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Choosing a new broker
Member Since Aug 05, 2019
49 posts
May 18, 2021 at 09:09
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 ?
For scalping, the trading conditions favor the most, so you should be looking for tight spreads and lower commission. For instance, try out turnkey forex, their spreads are quite tight and the commission is only $1/100k per side.
Member Since Sep 12, 2017
232 posts
May 19, 2021 at 13:54
i guess every broker is aware iof this requirement and they have started offering all these conditions and styles.One needs to see how reliable the broker is
May 19, 2021 at 16:28
perryjohn765 posted:
i guess every broker is aware iof this requirement and they have started offering all these conditions and styles.One needs to see how reliable the broker is
Yes, your opinion is correct. All brokers know their needs and act accordingly. We need to know how reliable the broker is.
Sep 15, 2021 at 00:10
perryjohn765 posted:
When does a trader move to a new broker? what are the expectations from a new broker and disappointment from the previous/current broker.
I moved to off-shore about a year ago. We had some new regulations come into place over here in Australia which capped the maximum leverage to 1:30. Apparently it was for 'our own benefit' as they didn't want us to loose our money. Absolute BS. I don't need a government to help me 'stay safe' and protect me from spending my own money.
Moving off-shore was no big deal in the end, I was a little skeptical at first after things I had read, but in fact, the benefits have by far outweighed the perceived 'risks'
All or nothing
Member Since Mar 17, 2021
494 posts
Sep 18, 2021 at 20:41
Mohammadi posted:
the newcomers should choose the broker which does not restrict any kind of trading techniques with scalping and hedging. generally the scalpers always fall a great trouble when choosing a broker.
Every trader should choose a regulated broker to survive in this market.
Member Since Jun 26, 2020
323 posts
Sep 19, 2021 at 07:23
the traders we have should choose the broker which always ensure security of funds with a wide range of trading technologies.
Sep 19, 2021 at 23:23
I already choose the FXOpen broker and I don't think will look for another broker at present time, so far I have good experience with this broker and this is a trusted company in my experience, already more than eight years using service, and most important this company has regulated.
Sep 23, 2021 at 07:03
FredJones posted:
I'm a newbie with no experience on how to find a reliable and suitable broker. Any suggestions on what type of broker I should use and how to identify if it's reliable?
First thing which is an absolute is to check whether that broker is regulated or not. If they are regulated, you are good to go. You can also open the account and try out demo trading to see whether the trading conditions fit your needs for trading. I am giving my personal opinion, I had my account opened with fxview, they are all set with the regulations. Tried out their demo trading and noticed that the spreads are good, so I decided to go live and everything went smoothly for me. And to this day, I am still trading with them. Hopefully, you will be able to find the right broker as well. Best of luck to you.
Sep 30, 2021 at 18:50
Traders usualy look forward to switching their brokers because of several reasons: current broker is a scam, commissions/spreads are very high, so that a trader gives the major part of their profits to the broker, a trader doesn't like tradig platform which is used by the broker, payment methods are not satisfactory enough, diversity of financial instruments leaves much to be desired.
Member Since Aug 17, 2021
87 posts
Oct 09, 2021 at 19:07
Step 1: Ask about the commission split.
Step 2: Evaluate the brokerage culture.
Step 3: Decide between a franchise or independent brokerage.
Step 4: Learn its reputation and niche.
Step 5: Make sure it will offer support.
Step 2: Evaluate the brokerage culture.
Step 3: Decide between a franchise or independent brokerage.
Step 4: Learn its reputation and niche.
Step 5: Make sure it will offer support.
Jan 01, 2022 at 07:43
AliForexTalks posted:
Step 1: Ask about the commission split.
Step 2: Evaluate the brokerage culture.
Step 3: Decide between a franchise or independent brokerage.
Step 4: Learn its reputation and niche.
Step 5: Make sure it will offer support.
Good idea, if you want to find an ideal broker, you must find these things in the broker's service. And you have to choose a broker that provides spread tight.
Member Since Jun 26, 2020
323 posts
Jan 03, 2022 at 09:08
we the traders should choose the broker which allows all kinds of trading strategies with scalping and hedging. otherwise the trading life could be useless.
Member Since Jun 12, 2021
132 posts
Jan 03, 2022 at 09:36
the scalpers always fall a great trouble when choosing a broker , because most of the broker right now not allow scalping in their platform.
Member Since Jan 03, 2022
9 posts
Jan 03, 2022 at 12:14
FP do have good reviews online so are probably a good place to start but I have not tried them yet
Member Since Aug 27, 2017
875 posts
Jan 03, 2022 at 12:15
the good broker is a broker which for all time make sure security of funds with a wide range of trading technologies, they never restrict any kind of trading techniques.
keeping patience.......
Jan 03, 2022 at 15:18
perryjohn765 posted:
When does a trader move to a new broker? what are the expectations from a new broker and disappointment from the previous/current broker.
Choosing a good broker is crucial for any trader. I would mainly look to get better spread, less commission, quick withdrawal and good customer service. If I do not get them from my current broker, I may switch to one, which ticks most of these boxes.
