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Choosing the Right Broker
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ismo500

Member Since Dec 18, 2017  6 posts ismo adam (ismo500) Dec 18 2017 at 07:54
very good advice, always good to know to choose a forex broker, with all these forex broker available online. me personally the first thing I do is always select a regulated broker and meet my trading needs. I spend some read the reviews on them on the online discussion forums.

VladoIvo

Member Since Nov 16, 2017  8 posts VladoIvo Dec 18 2017 at 14:45
I like to test a broker out first by making a small deposit and trading for a bit to see what happens. Then make a withdrawal. if that's all fine then I make a larger deposit

Mohammadi

Member Since Aug 11, 2017  553 posts Mohammadi Jan 30 2018 at 10:50
Each the trader has a choice of the broker to be used, should the trader can choose a broker that is more appropriate to the concept of trading that will be sued, if you love scalping , should choose the broker which allows trading concept such as this.

AmDiab

Member Since Apr 18, 2017  538 posts AmDiab Jan 30 2018 at 16:17
Mohammadi posted:
Each the trader has a choice of the broker to be used, should the trader can choose a broker that is more appropriate to the concept of trading that will be sued, if you love scalping , should choose the broker which allows trading concept such as this.


Yes, that’s the general procedure! But I see, till now there haven’t enough number of education friendly Forex broker.

mlawson71

Member Since Dec 11, 2015  1487 posts mlawson71 Feb 02 2018 at 15:59
When it comes to picking a broker I always recommend choosing a well-regulated one, but sometimes even those mess up.
The FCA just announced that they’ve fined the UK branch of the US brokerage Interactive Brokers (IBUK) GBP 1,049,412. (https://www.forexbrokerz.com/news/FCA-slaps-GBP1-mln-fine-on-Interactive-Brokers-UK)
The reason for the punishment are failings in IBUK’s post-trade systems and controls for identifying and reporting suspicious transactions in the period February 2014 to February 2015.

CAYBELL

Member Since Nov 06, 2017  1 posts CAYBELL Feb 04 2018 at 06:43
I can recommend Darwinex as well as IC Markets from my own experience.

Mohammadi

Member Since Aug 11, 2017  553 posts Mohammadi Feb 09 2018 at 15:07
Even though so many traders always emphasis on acquiring good trading knowledge but I don’t. Because, according to me despite of having most powerful analyzing trade knowledge that’s not possible at all to lead a healthy trading life with certainly, as a result the broker can affects the result of our trading with certainly. So when choosing a broker we have to be more careful.

Imamul

Member Since Aug 09, 2017  324 posts Imamul Feb 09 2018 at 15:07
Nowadays it’s very difficult to consider a broker as a best broker, because lots of trading brokers are available in retail market place and most of them are found to be scams.

OsloHoney

Member Since Feb 09, 2018  9 posts OsloHoney Feb 11 2018 at 08:01
There are also plenty of good ones out there. It doesn't take long to check if a broker is legit

mlawson71

Member Since Dec 11, 2015  1487 posts mlawson71 Feb 12 2018 at 15:41
iTrader also got fined but from CySEC this time. (https://www.forexbrokerz.com/news/CySEC-fines-EUR-30-000-owner-of-iTrader-forex-broker) The Cyprus Securities and Exchange Commission (CySEC) said it has fined EUR 30 000 the owner of theiTrader forex and CFD broker – Hoch Capital Ltd.
The reason for the fine are violations of the Investment Services and Activities and Regulated Markets Law of 2007 in its part regarding the professional competence of investment firms and their employees.
The CySEC board decision was in fact taken last November, but only announced now.

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