sebking1986 posted: I don't think the narrative of it being hard to find a decent broker is accurate personally. So many reviews and lots of information online now that you can get a good idea if a broker is good or not.
So true, it is easy nowdays to get a good broker. Also many are regulated
Although it is easy since we can get a lot of information about brokers online but even after that I prefer opening a demo account first to know about the broker’s trading conditions, like when I started trading I shortlisted a few - fxview, fxpro, pepperstone and practiced on their demo accounts for months before going for any.
LyudmilLukanov posted: Whatever brokers tell us about the benefits they offer, it is our trading ability to profit, not the type of broker we uses.
Yeah right! Brokers provide trading platform and charge a few bucks for their service. But only those who know how to trade properly can actually take advantage of trading conditions offered by any broker.
true in each sense! if you know how to trade and time the market you can see good returns no matter which the broker is. Its just the early phase of trading when choosing brokers really matters later on you know well how to compensate the flaws as no one is perfect in this world.
There are several ways to identify a good forex broker. If a broker offers quick deposits and withdrawals,offer tight spreads, good leverage and low commissions, then it is considered a good broker in my opinion. I’ve considered these parameters to find my current broker (turnkeyforex). You can try it out if you are still searching for a good broker.
AliForexTalks posted: A good broker is one who always ensures their clients' deposits with a diverse range of trading advancements. Furthermore, any good broker would not restrict any trading strategies such as scalping and support. They provide the greatest trading conditions for employing any trading framework by offering low trading spreads.
Agree, and I know few of the brokers like fxview, fxtm that come under regulatory compliance and yet provide an option of making deposits and withdrawals in BTC. I think every broker should come up with such a deposit method as most of the traders are holding cryptos nowadays.
Trade with a broker that is suitable for you. For example, I'm a scalper trading with FP Markets an ASIC broker with spreads starting from as low as 0.0pips and the execution speed is pretty fast as well.
Choose a broker where you feel comfortable trading and investing your funds. For myself, I chose a broker that offers a large deposit bonus, such as Galleass, which offers a deposit bonus of 100/50. With a deposit bonus, I can trade with larger volumes despite my small capital.
Lethab_Mpho posted: true in each sense! if you know how to trade and time the market you can see good returns no matter which the broker is. Its just the early phase of trading when choosing brokers really matters later on you know well how to compensate the flaws as no one is perfect in this world.
Choosing the best broker is very essential for every trader.
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