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Choosing the Right Broker
Member Since Aug 27, 2017
875 posts
Dec 23, 2018 at 08:31
Snorre posted:
Good criteria are below....
Low spreads
Low deposit / with drawl fees
Regulated
Broad range of markets
Trading platform (e.g. MT4)
In addition, no hidden fee & quick withdrawal service! Agree?
keeping patience.......
Dec 23, 2018 at 09:44
For leading a secure and profitable trading life with certainly we the traders have to choose in regulated trading broker which guarantee their clients funds. Only regulated trading broker make sure security of funds at any deposits with a wide range of trading technologies.
Dec 27, 2018 at 07:52
Mohammadi posted:
For leading a secure and profitable trading life with certainly we the traders have to choose in regulated trading broker which guarantee their clients funds. Only regulated trading broker make sure security of funds at any deposits with a wide range of trading technologies.
Security is a great issue; basically only regulated brokers are able to ensure traders capital/profit security.
Member Since Dec 28, 2018
9 posts
Dec 31, 2018 at 13:33
Look at commissions on the investments you'll use most. Online brokers generally offer a similar menu of investment options: individual stocks, options, mutual funds, exchange-traded funds, and bonds. Some will also offer access to futures trading and forex (currency) trading.
Dec 31, 2018 at 15:25
thinkpad954 posted:
Look at commissions on the investments you'll use most. Online brokers generally offer a similar menu of investment options: individual stocks, options, mutual funds, exchange-traded funds, and bonds. Some will also offer access to futures trading and forex (currency) trading.
As well as crypto; I see nowadays brokers are really interested on crypto instruments.
Member Since Jun 23, 2014
4 posts
Jan 02, 2019 at 12:50
Not only regulated brokers, you need larger brokers with lots of clients or capital as regulator start imposing more and more compliance paperwork. Since brokers work with thin margin find it hard to keep up with paperwork that regulator requires.
Member Since Mar 07, 2018
12 posts
Jan 02, 2019 at 13:34
Why do brokers have thin margins? Surely they makes loads of profit. If broker is a bucket shop then they will all the money that I lose. Surely they have huge margins. What are their costs, marketing, tech and some back office staff
Jan 09, 2019 at 11:08
pipstornado posted:
Not only regulated brokers, you need larger brokers with lots of clients or capital as regulator start imposing more and more compliance paperwork. Since brokers work with thin margin find it hard to keep up with paperwork that regulator requires.
Yes, it is! And, this is why we need to avoid extremity new Forex brokers. Because, most of the new brokers can’t keep continue.
Member Since Sep 13, 2018
2 posts
Jan 09, 2019 at 13:33
A little thing a friend showed me is to check with CySEC website before you trade. Don't trust the broker- check there for yourself- like this https://www.cysec.gov.cy/en-GB/entities/investment-firms/cypriot/37704/ - brokers like mine naga markets is regulated there but some claim to be when they are not. Then you can see closed ones like Banc De Binary https://www.cysec.gov.cy/en-GB/entities/investment-firms/cypriot/37701/- sorry if you already knew this. it was interesting for me
forex_trader_436974
Member Since Jun 13, 2017
51 posts
Jan 18, 2019 at 10:53
I'm interested in FX Choice which is located in Belize. They accept US traders. I've had trouble getting my account funded however. The interim bank declined my wire transfer due to "internal policy". Is that a red flag I should be concerned about before I look at other funding options?
Jan 20, 2019 at 07:22
ForexScreamer posted:
I'm interested in FX Choice which is located in Belize. They accept US traders. I've had trouble getting my account funded however. The interim bank declined my wire transfer due to "internal policy". Is that a red flag I should be concerned about before I look at other funding options?
it is said somewhere in the wire deposit section,you need to find another mode of payment ,just open a bitcoin acc at bitcoin.com (very easy) and they will load your $$ from your bank acc then deposit via bitcoin option on fx choice and problem solved
nick123427@
Member Since Jun 23, 2014
4 posts
Jan 20, 2019 at 11:54
When opening an account with a new broker, make sure the broker request for your id and proof of address.
Brokers that don''t ask for any info and just allow you to find and start trading is a scam,
When comes time to withdraw, they will request proof of identity - need to be certified, notarised and sent by courier to some island country.
MOst legit brokers need to have KYC policy (Know your customer) in place before you start trading.
The only time you need to document is when comes to withdrawal- to proof that the destination bank account belongs to you. YOu do not need to certify etc. You should be able to upload the scan bank statement in the client portal.
Traders are attracted to unknown brokers registered in some far island nation is because you don't need any paperwork to start trading and you have deposit bonus on top of that. Traders have $100 but want to grow that to $1 mil in a hurry. So any bonus etc together with 1:2000 leverage seems attractive.
So brokers with bonus is a no-no for me.
Brokers that don''t ask for any info and just allow you to find and start trading is a scam,
When comes time to withdraw, they will request proof of identity - need to be certified, notarised and sent by courier to some island country.
MOst legit brokers need to have KYC policy (Know your customer) in place before you start trading.
The only time you need to document is when comes to withdrawal- to proof that the destination bank account belongs to you. YOu do not need to certify etc. You should be able to upload the scan bank statement in the client portal.
Traders are attracted to unknown brokers registered in some far island nation is because you don't need any paperwork to start trading and you have deposit bonus on top of that. Traders have $100 but want to grow that to $1 mil in a hurry. So any bonus etc together with 1:2000 leverage seems attractive.
So brokers with bonus is a no-no for me.
Jan 20, 2019 at 13:50
ForexScreamer posted:
I'm interested in FX Choice which is located in Belize. They accept US traders. I've had trouble getting my account funded however. The interim bank declined my wire transfer due to "internal policy". Is that a red flag I should be concerned about before I look at other funding options?
Hello mate; you from? What’s tour main recommended feature on trading? please, don’t go with any new FX broker.
forex_trader_436974
Member Since Jun 13, 2017
51 posts
Jan 22, 2019 at 07:49
AmDiab posted:ForexScreamer posted:
I'm interested in FX Choice which is located in Belize. They accept US traders. I've had trouble getting my account funded however. The interim bank declined my wire transfer due to "internal policy". Is that a red flag I should be concerned about before I look at other funding options?
Hello mate; you from? What’s tour main recommended feature on trading? please, don’t go with any new FX broker.
I'm from the U.S. The main problems I have with the regulations are low leverage and no hedging. Hedging is the biggest problem. I have a legitimate use for it and without it my profitability is compromised.
forex_trader_436974
Member Since Jun 13, 2017
51 posts
Jan 23, 2019 at 07:41
I wish I knew. I think it's that "we know better than you so we need to protect you from yourself" attitude.
forex_trader_436974
Member Since Jun 13, 2017
51 posts
Jan 23, 2019 at 07:41
There are a few that accept US traders. FX Choice is one which is why I'm interested in them.
Member Since Feb 22, 2011
4573 posts
Jan 23, 2019 at 10:25
ForexScreamer posted:
There are a few that accept US traders. FX Choice is one which is why I'm interested in them.
regulated on Belize...
forex_trader_436974
Member Since Jun 13, 2017
51 posts
Jan 24, 2019 at 08:38
togr posted:ForexScreamer posted:
There are a few that accept US traders. FX Choice is one which is why I'm interested in them.
regulated on Belize...
Is that good or bad?
Member Since Aug 27, 2017
875 posts
Jan 28, 2019 at 08:24
ForexScreamer posted:togr posted:ForexScreamer posted:
There are a few that accept US traders. FX Choice is one which is why I'm interested in them.
regulated on Belize...
Is that good or bad?
From me, it’s not a reputed regulation authority. By the way, you have an interesting user name; cool.
keeping patience.......
