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Choosing the Right Broker

Ramierez
Sep 11 2020 at 11:38
20 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?

compuforexpamm (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
441 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.

russellgutierrez (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
419 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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