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Gold broker recommendations
Member Since Mar 18, 2022
48 posts
Mar 29, 2022 at 13:40
Member Since Mar 18, 2022
48 posts
Beginning traders often ask us how to choose a good broker. In this regard, a few tips.
Choose a good, big broker in your country. In case of a legal dispute you always have a chance.
The best are big brokers from USA, France, UK, Germany, Denmark, Switzerland - countries with strong financial regulations. Big brokers from Australia and Japan are also OK. I would avoid small countries, usually their financial regulations are worse and their execution is problematic. Definitely avoid brokers from unregulated countries.
Avoid brokers from tax havens and faraway countries. In case of a legal dispute - you will lose the case with a very high probability.
Many times I have heard stories about how brokers from tax havens disappear with clients’ money. This was, is and will be the case as long as they find clients willing to deposit money to an unknown company. Do not!
You should choose the best, big brokers with good reputation, from countries with good financial regulations and efficient law enforcement agencies. There are a lot of good brokers out there, there really is something to choose from and there is no point in taking any chances. Don’t just go by price/commissions!
If you still have any doubts add an additional condition - the broker must have been in business for more than 10 years. In well-regulated countries you can check whether the company has existed, for how long and what it does. For example, in UK the FCA regulates companies in the financial field.
That’s it, should help in most cases.
Choose a good, big broker in your country. In case of a legal dispute you always have a chance.
The best are big brokers from USA, France, UK, Germany, Denmark, Switzerland - countries with strong financial regulations. Big brokers from Australia and Japan are also OK. I would avoid small countries, usually their financial regulations are worse and their execution is problematic. Definitely avoid brokers from unregulated countries.
Avoid brokers from tax havens and faraway countries. In case of a legal dispute - you will lose the case with a very high probability.
Many times I have heard stories about how brokers from tax havens disappear with clients’ money. This was, is and will be the case as long as they find clients willing to deposit money to an unknown company. Do not!
You should choose the best, big brokers with good reputation, from countries with good financial regulations and efficient law enforcement agencies. There are a lot of good brokers out there, there really is something to choose from and there is no point in taking any chances. Don’t just go by price/commissions!
If you still have any doubts add an additional condition - the broker must have been in business for more than 10 years. In well-regulated countries you can check whether the company has existed, for how long and what it does. For example, in UK the FCA regulates companies in the financial field.
That’s it, should help in most cases.
Huge Changes, New Ideas & Decline Of Traditional Investing
Apr 15, 2022 at 09:13
Member Since Feb 10, 2022
2 posts
https://www.wikifx.com/en/wikifxranking.html
I found a ranking of traders on this site. Can someone tell me if this ranking is real?
I found a ranking of traders on this site. Can someone tell me if this ranking is real?
Member Since Oct 29, 2021
70 posts
Apr 26, 2022 at 08:16
Member Since Nov 02, 2021
73 posts
Alfvin posted:Yes there are some other good options when it comes to low spread brokers, but I haven’t found any with low commission as well, coinexx commissions are quite low only, $2 rt.shortant posted:
Can check Coinexx, I find their spreads and commissions very low.
yep, it's good one
there are quite much brokers
check spreads and commissions
Member Since Aug 10, 2021
178 posts
May 20, 2022 at 08:29
Member Since Jan 14, 2021
57 posts
I recommend using IC Markets or FP Markets since their spreads are lower for gold trading when compared to most brokers, especially FP Markets spreads for gold trading begin at 0.0pips and are stable when the market conditions are volatile.
Member Since Oct 27, 2020
18 posts
Member Since Feb 16, 2022
63 posts
May 27, 2022 at 06:48
Member Since Feb 16, 2022
63 posts
In my trading experience, I saw that traders mostly suffer from unregulated trading brokers. Authentic broker choosing is one of the toughest jobs and traders mostly fail to do it nicely. Most of the scam brokers stay in disguise leaving it hard to choose a broker. ECN brokers are the best for trading nicely and for other facilities.
Member Since May 29, 2022
39 posts
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Member Since Jan 11, 2022
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Member Since Feb 02, 2021
38 posts
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