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Choosing the Right Broker
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Mohammadi

Member Since Aug 11, 2017  553 posts Mohammadi Feb 14 2018 at 14:38
It would be great if we get a wide range of trading facilities from our brokers as like superior execution for trading , security of funds at any kinds of deposits , lowest trading spreads for using any kinds of trading techniques , high leverage , minimum margin requirements, low transaction cost , easy withdrawal system and much more that are very supportive to lead a comfortable trading life with certainly.

CleanTrader

Member Since Jan 31, 2018  13 posts CleanTrader Feb 21 2018 at 12:38
Sounds like a wonderful dream. Some brokers offer a lot of what you want but there are a lot of bad ones

AmDiab

Member Since Apr 18, 2017  538 posts AmDiab Feb 22 2018 at 04:30
CleanTrader posted:
Sounds like a wonderful dream. Some brokers offer a lot of what you want but there are a lot of bad ones


Yes, they are mixed! I think, it’s not easy job for the new traders to select a right broker; since market maker brokers are very sticky. But, in this case popular Forex forum & review sites can be helpful.

Mohammadi

Member Since Aug 11, 2017  553 posts Mohammadi Mar 04 2018 at 06:15
In Fx trading we the traders who are particularly beginners have to choose our brokers in cool mind , please don’t choose a broker in an emotional state , because the broker can affects the result of our trading with certainly .

Imamul

Member Since Aug 09, 2017  324 posts Imamul Mar 04 2018 at 06:16
Personally I don’t trust any broker, because when I was a novice trader then I tried with multiple trading robots with high cost! But the results were horrible! I lost my trading capital for 3 times in a row! This is way, now I trade manually based on current fundamental data!

natalieFx

Member Since Mar 04, 2018  39 posts Natalie Olki (natalieFx) Mar 09 2018 at 09:21
This broker review is right for choosing a broker?

(https://www.fxdailyinfo.com/?p=forex-brokers&page=reviews)

Can you say please Fort Financial or AvaTrade which is better?
Attachments:

natalie986754@
GreenMo

Member Since Feb 20, 2018  10 posts GreenMo Mar 09 2018 at 11:34
A lot of 'reviews' like that are paid for or are affiliates driving sales. Best to look on myfxbook for good brokers and then do your own research into them

mlawson71

Member Since Dec 11, 2015  1487 posts mlawson71 Mar 09 2018 at 17:23
UK’s Financial Conduct Authority (FCA) is looking into forcing the straight-through processing (STP) forex brokers to upgrade their licenses to those for full market makers.( https://www.forexbrokerz.com/news/FCA-to-change-license-requirements-for-STP-forex-brokers%E2%80%93media)
FCA has apparently sent a letter to a number of its charges to inform them of prospective changes to the regulatory environment. According to the document, the watchdog is planning to force the STP brokers to upgrade their licenses in order to ensure better negative balance protection from losses of their clients in case of extreme market volatility.
The main changes would be in regard to the capital requirements for the brokers and they would most likely be raised in order to be able to cover a large negative balance.

AmDiab

Member Since Apr 18, 2017  538 posts AmDiab Mar 10 2018 at 09:35
GreenMo posted:
A lot of 'reviews' like that are paid for or are affiliates driving sales. Best to look on myfxbook for good brokers and then do your own research into them


I can’t ignore this issue (paid reviews) but popular sites like FPA , myfxbook are reliable to know more about the brokers activities.

mlawson71

Member Since Dec 11, 2015  1487 posts mlawson71 Mar 12 2018 at 16:10 (edited Mar 12 2018 at 16:11 )
UK’s Financial Conduct Authority (FCA) has issued a warning that the forex broker SolidCFD, which is not licensed to offer its services in the country, but has been targeting local investors.(https://www.forexbrokerz.com/news/UK%E2%80%99s-FCA-warns-against-forex-broker-SolidCFD)
The company provides an address in the UK, but the company is actually registered offshore, in Vanuatu. Apparently there have been numerous complaints against them for scams.

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HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all of your initial investment; do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading, and seek advice from an independent financial or tax advisor if you have any questions. Any data and information is provided 'as is' solely for informational purposes, and is not intended for trading purposes or advice. Past performance is not indicative of future results.