Choosing the Right Broker
Adribaasmet
Member Since Aug 27, 2017
886 posts
Sep 12 2018 at 11:34
Hey mate, are you a news trader? Or, are you active on the high voltage news session like FOMC,NFP??
kennyhubbard
(compuforexpamm)
Member Since Aug 20, 2009
265 posts
Sep 12 2018 at 13:45
Adribaasmet posted:
Hey mate, are you a news trader? Or, are you active on the high voltage news session like FOMC,NFP??
Nah, not much of a news trader. A bit of scalping here and there. I also toyed with a bit of latency trading(HFT).
Wealth Creation Through Technology
Bernard Van Noor
(Robert96)
Member Since Sep 24, 2018
14 posts
Sep 24 2018 at 12:37
I have several criteria for assessing a broker:
As for me the most important thing in a broker is responsiveness to their clients;
Regulation of course;
The contest/bonus system;
What commissions they charge;
And how quickly they withdraw funds.
it is main for me. This is what I first of all pay attention to.
As for me the most important thing in a broker is responsiveness to their clients;
Regulation of course;
The contest/bonus system;
What commissions they charge;
And how quickly they withdraw funds.
it is main for me. This is what I first of all pay attention to.
keycurrency
Member Since Sep 01, 2018
18 posts
Sep 25 2018 at 07:45
Mostly I care about exchange access and real spreads.
If you want the currency we got the advantage.
Groundfinance
Member Since Sep 25, 2018
2 posts
Sep 25 2018 at 14:10
If anyone is interested, we wrote a really detailed guide on how to find a good forex broker.
https://groundfinance.com/choose-forex-broker-ultimate-guide/
Good luck to finding a good broker and stay safe!
https://groundfinance.com/choose-forex-broker-ultimate-guide/
Good luck to finding a good broker and stay safe!
JamesAnderson
Member Since Mar 26, 2018
31 posts
Oct 01 2018 at 10:32
Check these points before choosing right brokers
- Forex Account Types
- Forex Broker Types
- Customer Service
- Deposit and Withdrawal Methods
- Forex Bonuses
- Margin Call and Leverage
- Quick Response Time
- Transaction Costs
- Trading Platforms
- Forex Account Types
- Forex Broker Types
- Customer Service
- Deposit and Withdrawal Methods
- Forex Bonuses
- Margin Call and Leverage
- Quick Response Time
- Transaction Costs
- Trading Platforms
JamesAnderson posted:
Check these points before choosing right brokers
- Forex Account Types
- Forex Broker Types
- Customer Service
- Deposit and Withdrawal Methods
- Forex Bonuses
- Margin Call and Leverage
- Quick Response Time
- Transaction Costs
- Trading Platforms
- Regulation
- Location
- Broker type (DMA, STP, MM, ECN etc)
- Feedback and reviews of the broker
- Minimum deposit and withdrawals
- Negative balance protection
P.S - The broker having any kind of Bonus scheme is almost certain that this broker is a Market Maker (A.K.A Dealing Desk) and is not going to let you withdraw your money. -> scam.
JamesAnderson posted:
Check these points before choosing right brokers
- Forex Account Types
- Forex Broker Types
- Customer Service
- Deposit and Withdrawal Methods
- Forex Bonuses
- Margin Call and Leverage
- Quick Response Time
- Transaction Costs
- Trading Platforms
I think, regulation & transparency is also important issue, so please add this point on your list! Thanks.
Groundfinance
Member Since Sep 25, 2018
2 posts
Oct 10 2018 at 06:14
Regulation only matters if it actually has any power. Small tax-havens and island countries have regulators, but if you get scammed you actually are never going to see your money again.