Choosing the Right Broker

Member Since Sep 18, 2020   31 posts
Dec 29, 2020 at 07:25
Certainly, regulation is one of the prior things I look for, in a broker followed by good trading conditions. This is the reason I ended up with Fxview since they are Cysec regulated and quite good in terms of offerings such as good execution, tight spreads and quick withdrawals.

Member Since Dec 21, 2020   36 posts
Dec 29, 2020 at 11:18
Johannes33865 posted:
Choosing the right broker is very important.
What is your criteria of choosing the right broker?
Member Since Feb 24, 2020   4 posts
Dec 31, 2020 at 11:40
When choosing a broker, I am often guided by the question of withdrawing funds. This is critical to me.
Member Since Oct 26, 2020   29 posts
Jan 21, 2021 at 09:39
Yeah, there are so many scammers in the market and every trader, be it a newbie or an advanced one should be very careful while selecting a platform.
Member Since Sep 12, 2017   238 posts
Jan 21, 2021 at 11:09
Fx_howie posted:
Johannes33865 posted:
Choosing the right broker is very important.
What is your criteria of choosing the right broker?
the right criteria is to try them urself.. check the spreads, the trading conditions and the regulation
Member Since Oct 20, 2020   49 posts
Jan 21, 2021 at 14:41
'Since there are many scammers out there the best way I prefer choosing a broker is by their experience in forex business, like I use FP Markets because it is one of the oldest broker active since 2005 that over a decade.

I would recommend choosing an older broker because they are much more reliable; it is better to check the broker's reviews and regulation before investing in it.'
Member Since Jun 30, 2020   90 posts
Jan 22, 2021 at 08:14
Trust in a broker who has been on the market for more than 5-7 years, of course, more because there is confidence that such experience is earned on good terms
Member Since Jul 20, 2020   341 posts
Jan 22, 2021 at 09:25
Broker is the most important element in the trading. If you can not pick the right broker for the market, you can not survive in this risky market.
Member Since Apr 15, 2020   219 posts
Jan 22, 2021 at 09:26
Andronn posted:
Trust in a broker who has been on the market for more than 5-7 years, of course, more because there is confidence that such experience is earned on good terms
That is correct. A broker who has been in the market from quite a long time has genuine history which is required to check the worthiness of the broker. A trader can know more via reviews, news, ranking etc. of that particular broker.
The more your practice, the more you learn.
Member Since Sep 12, 2017   238 posts
Jan 25, 2021 at 03:37
why always the old broker in this way we can ignore a new broker with good offering..a research is imp.. an old broker with a good name might not fulfil everybody's trading conditions.
Member Since Jan 21, 2021   48 posts
Feb 02, 2021 at 09:59
The first and most important thing we should check is the regulation of brokers.
Also, before choosing any broker for making investment be knowledgeable about various fees charged to get the services offered by that particular broker.
Member Since Jan 14, 2021   57 posts
Feb 03, 2021 at 11:47
I'm currently looking for a reliable broker with ASIC or FAC regulation with tighter spreads and lower commission. Anyone currently trading with such a broker?
Member Since Dec 15, 2020   12 posts
Feb 18, 2021 at 05:26
Yes, there are so many scammers that it becomes difficult for new traders to identify the legit brokers from them.
Member Since Sep 12, 2017   238 posts
Feb 18, 2021 at 13:57
regulated and ECN. the best combo in a broker.
Member Since Apr 18, 2017   718 posts
Feb 21, 2021 at 09:27
newcomers should choose the broker which is more appropriate to the concept of trading that will be used , if love doing scalping should choose the broker which allows trading concept such as this.
Member Since Dec 24, 2020   12 posts
Mar 02, 2021 at 04:38
It takes some effort to select the right broker for trading. One has to carefully look at their trading conditions and there is also a reliability factor with them.
Member Since Mar 28, 2021   617 posts
Jan 30, 2022 at 20:09
Forex trading online is dangerous if you don't have a good broker. An unregulated broker could prove to be dangerous in the future.
Member Since Apr 03, 2021   470 posts
Jan 30, 2022 at 23:43
A good broker has no restriction for trading condition, are regulated, and have good customer support that helps the trader to resolve the problem.
a good broker has registered trademark company with logo R behind the brane name.
Member Since Jul 19, 2020   788 posts
Jan 31, 2022 at 01:18
Akasuki posted:
 Forex trading online is dangerous if you don't have a good broker. An unregulated broker could prove to be dangerous in the future.
Exactly, forex trading is really complicated if you can't combine brokers.
Member Since Aug 05, 2021   401 posts
Feb 02, 2022 at 18:10
I think one sign that you're looking at a good broker is evident if they have a transparent website. You should be able to learn all about their account types, available leverage and what assets they offer for trading, how much their minimum deposit is, the cost of fees for withdrawing, commissions, and spreads, how long it takes to withdraw money, methods that can be used for funding, terms & conditions surrounding bonuses, and so on. If you can't find it on their site, they are likely hiding somethin. You should also try to contact their customer support team because some brokers claim to offer LiveChat but it just turns out to be a bot that can only handle basic issues or nobody is ever online. Lastly, online reviews can help point out any red flags.
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