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Choosing the Right Broker

Jan 13, 2016 at 11:26
7,180 Views
285 Replies
Member Since Apr 18, 2017   920 posts
Sep 25, 2019 at 13:52
Mohammadi posted:
There are many important things we the traders have to focus when choosing a broker, from all I think spreads is an important financial tool which an investor should consider when choosing a broker, if we have lowest trading spreads we the traders can make profit with certainly by using any kinds of trading strategies in particularly the scalping that brings profit in a short time.

If you are trading with a market maker but low trading spread; that means nothing to me!
Member Since Aug 09, 2017   785 posts
Oct 22, 2019 at 08:28
In Forex trading lowest spreads is a big deal when choosing a broker. From all trading elements in this market place spreads is mainly considered as an important financial tool which an investor should consider when choosing a broker. Lowest trading spreads is very much supportive to make profit with certainly by using any kinds of trading strategies in particularly the scalping that brings profit in a short time.
Member Since Aug 27, 2017   994 posts
Oct 28, 2019 at 15:07
Imamul posted:
In Forex trading lowest spreads is a big deal when choosing a broker. From all trading elements in this market place spreads is mainly considered as an important financial tool which an investor should consider when choosing a broker. Lowest trading spreads is very much supportive to make profit with certainly by using any kinds of trading strategies in particularly the scalping that brings profit in a short time.

On the other hand; hidden charge is very critical issue; traders should count the facilities so carefully! Because, market maker brokers are very available!
Member Since Jul 09, 2019   38 posts
Nov 08, 2019 at 12:05
Imamul posted:
In Forex trading lowest spreads is a big deal when choosing a broker. From all trading elements in this market place spreads is mainly considered as an important financial tool which an investor should consider when choosing a broker. Lowest trading spreads is very much supportive to make profit with certainly by using any kinds of trading strategies in particularly the scalping that brings profit in a short time.
True, I chose to trade with my broker Turnkeyforex out of this very concern only. Spreads are the main and with this broker, they go as low as 0.2 pips.
Member Since Aug 05, 2017   289 posts
Nov 08, 2019 at 16:41
AniLorak posted:
Mohammadi posted:
There are many important things we the traders have to focus when choosing a broker, from all I think spreads is an important financial tool which an investor should consider when choosing a broker, if we have lowest trading spreads we the traders can make profit with certainly by using any kinds of trading strategies in particularly the scalping that brings profit in a short time.

If you are trading with a market maker but low trading spread; that means nothing to me!

How do you know it is a market maker though?
Member Since Aug 11, 2017   886 posts
Nov 11, 2019 at 07:27
i think the broker which always ensures security of funds, lowest trading spreads, low transaction cost, easy withdrawal system without long time process, active customer services, free demo trading, superior execution and much more real trading facilities that are very supportive to lead a comfortable trading life with certainly.
Member Since Jul 12, 2018   19 posts
Nov 13, 2019 at 09:24
Roberto21 posted:
 if you want to find a right broker, you have to move Forex Pace Army where people share their own trading experience. And EarnForex and Babypips can be a great source to find a right broker nowadays.
Yeah forums could be really helpful in finding a right broker, I got to know about my current broker coinexx from babypips only and they are indeed good, specially with their spreads and commissions.
Member Since Aug 11, 2017   886 posts
Nov 15, 2019 at 06:33
Broker is a very sensitive issue here! According to my 4 years trading experience, only regulated Forex brokers are reliable to use! So, traders need to select their trading platform based of regulation status of Forex brokers!
Member Since Apr 18, 2017   920 posts
Jan 03, 2020 at 14:18
Roberto21 posted:
brokers can affect the result of our trading with certainly ,
 so choosing a right broker is very important task.

On the whole, market maker brokers do so; but transparent brokers always ensure traders capital security!
Member Since Apr 18, 2017   718 posts
Jan 11, 2020 at 11:35
No doubt on it, transparency is the key! This is why, I have chosen my trading broker so carefully & from the last 1.5 years I have been trading with tpglobalfx, they provide me best trading conditions, which is very important to me, since I am a scalper! Every single pip is countable.
Member Since Aug 09, 2017   785 posts
Jan 18, 2020 at 17:22
In Forex trading lowest spreads is a big deal when choosing a broker. From all trading elements in this market place spreads is mainly considered as an important financial tool which an investor should consider when choosing a broker. Lowest trading spreads is very much supportive to make profit with certainly by using any kinds of trading strategies in particularly the scalping that brings profit in a short time.
Member Since Sep 26, 2019   23 posts
Jan 25, 2020 at 19:21
It's not that obligation that your broker should be regulated or something else. I do assume it should be done in really positive way with everything here. How else do you plan to compete with people from first world with a lot of cash in their hands.
Member Since Jul 23, 2020   869 posts
Aug 08, 2020 at 15:05
Choosing the right broker is one of the crucial aspects for any new trader. I only recommend to trade with regulated broker. Trader always should follow latest regulator warning about broker.
Member Since Jul 20, 2020   232 posts
Aug 13, 2020 at 18:56
Choosing a broker is essential for a trader. But choosing the best one is very difficult. I suggest, research properly about the broker and choose the best one from your research.
Member Since Feb 07, 2020   41 posts
Aug 14, 2020 at 09:39
Choosing the right broker means choosing a right trading path as brokers play quite an essential role in trading. Before choosing a broker always check for the reviews online, talk to them, ask everything you want to know, check their legitimacy, and then go for one.
Member Since Jun 28, 2018   10 posts
Aug 14, 2020 at 09:49
People spend too much time worrying about broker. Just get an ECN broker that has a good rating on MyFXBook. Then focus on trading
Member Since Jul 19, 2020   751 posts
Aug 14, 2020 at 14:35
Choosing a good regulated broker is very important. There are many scam brokers in the internet. You need to find a legitimate one to protect your money. You also need to consider spreads, margin level, deposit and withdrawal facilities and many more.
Member Since Mar 05, 2020   3 posts
Aug 19, 2020 at 10:48
t is very difficult to choose an honest broker, there are a lot of scammers, how not to fall into their hands?
MrRolex (diogomx)
Member Since Oct 19, 2019   12 posts
Aug 20, 2020 at 07:05
@Moritz735367 first search in forums Wikifx, FPA to see the reviews. Also check if its regulated and which regulation. Usually CySEC, FCA, FSA are the most popular.
Protecting your capital is more important them make more capital
Member Since Jun 05, 2020   33 posts
Aug 21, 2020 at 10:43
diogomx posted:
@Moritz735367 first search in forums Wikifx, FPA to see the reviews. Also check if its regulated and which regulation. Usually CySEC, FCA, FSA are the most popular.
I agree with you on most points. But as for regulations, Cysec, FCA are popular but only for traders who are residing in Europe, so you need a multi regulated broker. supposedly, there this broker fxview they are regulated by Cysec and FCA, so they will accept only EU clients, but for instance, we take Pepperstone they are with ASIC as well, so they can accept Australian clients too and this is how it goes. so before settling for a regulation, make sure it is regulated under your own country's jurisdiction, to be safe.
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