We the traders have to choose the broker which does not restrict any kinds of trading techniques with scalping and hedging and always ensures best trading environment for using any kinds of trading techniques by providing lowest trading spreads as well as minimum margin requirements.
A good and reliable broker can be really a boost for your trade, and a trading platform like MT4 is again a decent platform. There are a lot of brokers like Pepperstone, IG, XTB, IC markets and others that you can use for trading.
You can go through a variety of brokers from IQ option and Pepperstone to IG and Fxview. They are all good brokers that provide decent platforms for trading forex. Even their transaction cost is low so that is a real perk.
There are many good forex brokers and I shortlisted it to FP Markets and ICM based on reviews and rating from web research, FP Markets and ICM seem to have similar spreads starting from low as 0.0pips.
I chose to trade with FP Markets because their trading condition was better when compared to other similar ECN brokers and the customer support compared between the two, FP Markets were quick in responding whereas ICM just dint seem to care much.
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.