To use chat, please login.
Back to contacts

Choosing the Right Broker

Member Since Jul 19, 2020   318 posts
Oct 21, 2020 at 10:48
Choosing a good broker is not an easy task. You have to be very careful when you are going to choose a good broker. Because there are so many fake brokers which can put you in great danger.
Member Since Jul 20, 2020   232 posts
Oct 23, 2020 at 13:12
A good broker can make you rich. On the other hand, A bad broker can put your investment in a great danger. So, be careful when you choose a broker for you.
Member Since Jul 23, 2020   869 posts
Oct 23, 2020 at 17:21
GeorgeBischof posted:
Choosing a good broker is not an easy task. You have to be very careful when you are going to choose a good broker. Because there are so many fake brokers which can put you in great danger.
Most of time unregulated brokers are scam brokers. If you are investing in unregulated one, it would be up to you. Regulator will not help you if something goes wrong.
Member Since Jul 19, 2020   298 posts
Oct 24, 2020 at 10:55
While choosing broker avoid non regulated broker. Among regulated broker check the quality of the broker. If you like scalping you have to choose a broker that allows scalping. Requotes is also very irritating. Check for it.
Member Since Jul 20, 2020   341 posts
Nov 24, 2020 at 19:50
If you want to make money from this market, you need to choose the best and reliable broker from this market.
Member Since May 13, 2020   128 posts
Nov 25, 2020 at 10:52
Give yourself time to choose the right, reliable and safe broker, because a large part of your trading success will depend on it.
Member Since Mar 16, 2020   54 posts
Nov 27, 2020 at 04:09
trader needs to be careful while choosing a good reliable broker, I think traders should go for the regulated brokers.
Member Since Nov 02, 2020   36 posts
Nov 30, 2020 at 11:02
LyudmilLukanov posted:
GeorgeBischof posted:
Choosing a good broker is not an easy task. You have to be very careful when you are going to choose a good broker. Because there are so many fake brokers which can put you in great danger.
Most of time unregulated brokers are scam brokers. If you are investing in unregulated one, it would be up to you. Regulator will not help you if something goes wrong.

Well said. Unregulated brokers can't be totally relied upon. Regulated brokers like Fxview, ICM, Xm are much safer options to be with when choosing a broker.

Member Since Apr 02, 2020   39 posts
Nov 30, 2020 at 16:50
The most crucial part of trading is choosing the right broker. I trade with FP Markets an ASIC and CYSEC regulated broker. Since I scalp, the main criteria are spreads and execution.

The spreads in FP Markets start from low as 0pips and execution speed is faster when compared to other similar brokers.
Member Since Apr 15, 2020   219 posts
Dec 04, 2020 at 04:57
Finding the right broker is the most difficult task in this market. There are so many fake brokers in this market. Due to which many traders had lost their money. You have to be very careful at the time of choosing the right broker. You can take help from the websites that provide broker reviews. Take enough time to choose the right, reliable and safe broker because a large part of your trading success depends on it.
The more your practice, the more you learn.
Member Since Dec 05, 2020   81 posts
Dec 08, 2020 at 07:18 (edited Dec 08, 2020 at 07:18)
Justin990 posted:
In my trading experience as a scalper, I would say FP Markets is the right choice of a broker because of the spreads they offered is some of the lowest and it has a faster execution speed when compared to my previous brokers like XM and IC Markets.

Since how long have you been using them now?
Member Since Aug 26, 2020   78 posts
Dec 08, 2020 at 07:41
I am very careful when choosing a broker and made a choice in favor of a market because they provide a spread of 0.2 pips and a trading leverage of 1: 1000
Member Since Sep 12, 2017   238 posts
Dec 08, 2020 at 08:30
it is one of the tuffest job to search for the right brOKER. Other than the regulation we need to see the broker that actually fulfils the basic requirements like spreads, commission and features like scalping hedging. So i believe it is not always right to go by the names but also check it yourself by trying the demo.
Member Since Aug 14, 2020   40 posts
Dec 08, 2020 at 12:28
Mauk posted:
I am very careful when choosing a broker and made a choice in favor of a market because they provide a spread of 0.2 pips and a trading leverage of 1: 1000
woah! ain't 1000x too high? i mean, i got around 0.2 pips with fxview or ICM, but 1000x? your broker regulated? don't you feel unsafe with such high leverage?
Member Since Aug 20, 2020   27 posts
Dec 18, 2020 at 14:04
'Does anyone trade with an ECN pricing broker that offers lower spreads and fast execution?

I was a previous trader with pepperstone, at First the spreads and execution were good, but after some time the spreads were not consistent, and execution speed was not the same.'
Member Since Nov 02, 2020   34 posts
Dec 23, 2020 at 10:57
NathanJr posted:
'Does anyone trade with an ECN pricing broker that offers lower spreads and fast execution?

I was a previous trader with pepperstone, at First the spreads and execution were good, but after some time the spreads were not consistent, and execution speed was not the same.'
I trade with fxview and they are good, both spreads and execution wise.
Member Since Jan 11, 2019   147 posts
Dec 23, 2020 at 12:05
the broker with regulation, good leverage is the correct broker for you, do check the spreads and execution on the demo first.
Member Since Oct 30, 2020   21 posts
Dec 24, 2020 at 10:32
BenNathanFX posted:
With the multitude of scam brokers and bogus reviews out there finding a broker is mega hard, or at least mega confusing, so I created a video to go through the steps I take when looking at a new broker - these can be applied to any broker you look at so I hope this helps some people.

https://dailyforexschool.com/blog/blog/5-steps-to-choosing-the-right-broker


Especially Read the latest reviews on top forex broker...

https://fxreviewtrading.com/broker/investlite/
Member Since Nov 23, 2020   46 posts
Dec 27, 2020 at 20:56
To make the first experience as pleasant as possible, it is better for a novice trader to choose a broker with a minimum initial deposit, so that in case of an unsuccessful transaction, he does not lose much
Member Since Jul 23, 2020   869 posts
Dec 28, 2020 at 01:13
Gracewilson1995 posted:
the broker with regulation, good leverage is the correct broker for you, do check the spreads and execution on the demo first.
Regulation and trading services is important to check before investing any money.
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.