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Choosing the Right Broker

ethan_65
Aug 14 2020 at 09:39
41 posts
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.

Downtobusines
Aug 14 2020 at 09:49
10 posts
People spend too much time worrying about broker. Just get an ECN broker that has a good rating on MyFXBook. Then focus on trading

UweMoench
Aug 14 2020 at 14:35
737 posts
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.

Moritz735367
Aug 19 2020 at 10:48
3 posts
t is very difficult to choose an honest broker, there are a lot of scammers, how not to fall into their hands?

MrRolex (diogomx)
Aug 20 2020 at 07:05
12 posts
@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
Juan_Garcia
Aug 21 2020 at 10:43
33 posts
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.

EbonyJones
Sep 08 2020 at 19:11
232 posts
Choosing the right broker is the most difficult task in this market. There are so many fake brokers in this market. 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.

GeorgeBischof
Sep 10 2020 at 12:20
318 posts
Choosing a good broker is not an easy task at all. Many traders lose their money because of choosing the wrong broker. So, be careful when you are going to choose a broker for you. You can take help from those websites that provide broker reviews.

Michihito
Sep 10 2020 at 12:49
298 posts
Choosing a right broker is very important. Your money will be with the broker. So you need a trusted broker so that your money remains safe. A regulated and licensed broker is a good one to choose. You also need to see their spreads, leverage, margin and deposit and withdrawal facilities.

AliaDare
Sep 11 2020 at 01:31
762 posts
Choosing a good broker is very important to get trading success. Brokers help a trader to do a lot of securities trading. We should choose a broker that allows the broker to trade with their honesty and friendship activities.

Ramierez
Sep 11 2020 at 11:38
26 posts
I'm new to FX and have been doing demo for the last few months. Looking to go live and have shortlisted FP Markets and FXTM.

Both brokers have similar spreads and leverage, can anyone who has traded using both brokers recently share their experience?

kennyhubbard (compuforexpamm)
Sep 11 2020 at 11:55
265 posts
Ramierez posted:
I'm new to FX and have been doing demo for the last few months. Looking to go live and have shortlisted FP Markets and FXTM.

Both brokers have similar spreads and leverage, can anyone who has traded using both brokers recently share their experience?


I have used both and they are both good brokers. I would tend to favour FP markets a bit as their swaps seem to be slightly better, but you won't go wrong with either.

Wealth Creation Through Technology
SofieAndreasen
Sep 23 2020 at 17:43
734 posts
Downtobusines posted:
People spend too much time worrying about broker. Just get an ECN broker that has a good rating on MyFXBook. Then focus on trading

There are lot of scam broker in the market. They are stealing money from traders in various way. Don’t you think we should worry about that??

shaunmarsh
Oct 14 2020 at 04:19
65 posts
It is good that you have started with a demo account. This is a good start and you can research more for the brokers.

Russel Gutierrez (russellgutierrez)
Oct 14 2020 at 11:03
56 posts
I would rate both of them as good brokers.

Miguelfabian
Oct 19 2020 at 10:53
39 posts
Both are equally good. You can go for either.

GeorgeBischof
Oct 21 2020 at 10:48
318 posts
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.

EbonyJones
Oct 23 2020 at 13:12
232 posts
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.

LyudmilLukanov
Oct 23 2020 at 17:21
733 posts
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.

Michihito
Oct 24 2020 at 10:55
298 posts
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.

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