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Choosing the Right Broker
Member Since Sep 18, 2020
30 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 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
27 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
232 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
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."
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 Jul 20, 2020
278 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.
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
232 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.
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.
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 Sep 12, 2017
232 posts
Feb 18, 2021 at 13:57
regulated and ECN. the best combo in a broker.
Member Since Aug 05, 2021
394 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.
