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How to choose a regulated forex broker?
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Alexsajed

Member Since Apr 23, 2019  32 posts Alexsajed May 23 at 04:28
6 Crucial Things to Consider When Choosing a Forex Broker
Security. The first and foremost characteristic that a good broker must have is a high level of security. ...
Transaction Costs. No matter what kind of currency trader you are, like it or not, you will always be subject to transaction costs. ...
Deposit and Withdrawal. ...
Trading Platform. ...
Execution. ...
Customer Service.

Baileyhart

Member Since May 03, 2019  10 posts Baileyhart May 26 at 06:38
Forex brokers are firms that provide traders with access to a platform that allows them to buy and sell foreign currencies. Transactions in this market are always between a pair of two different currencies, so forex traders either buy or sell the particular pair they want to trade.

AniLorak

Member Since Apr 18, 2017  701 posts AniLorak May 27 at 15:19
I don’t know why you elaborated only your 1st point? Why not others 5 points? Interested to know….

Vozil559

Member Since May 04, 2019  6 posts Vozil559 Jun 25 at 08:05
Not sure what you mean here, but by very usual ways here anyway. Some of them are already listed. But you also can visit some sites like Forex Factory and Forex Peace Army to see some reviews about them really and what do they think about that broker or other.

lavis_book

Member Since Jul 09, 2019  23 posts lavis_book Jul 22 at 05:34
Before starting to trade with a forex broker, be sure to check with all the account details of the same. The amount of leverage and margin that they offer, the commission they charge, etc. Be very careful about the spread of the broker, because they often engage into widening the spreads to increase their own earnings. Your choice of broker can also depend upon your budget as every broker comes with an initial deposit requirement.

Also, screen the forex brokers on the basis of their currency pairs, trading platforms, ease of deposit and withdrawal, etc. Most important choose a broker that provides good customer service. A broker who does not handle the customer’s queries well is not worth trading with

AniLorak

Member Since Apr 18, 2017  701 posts AniLorak Jul 22 at 09:00
lavis_book posted:
Before starting to trade with a forex broker, be sure to check with all the account details of the same. The amount of leverage and margin that they offer, the commission they charge, etc. Be very careful about the spread of the broker, because they often engage into widening the spreads to increase their own earnings. Your choice of broker can also depend upon your budget as every broker comes with an initial deposit requirement.

Also, screen the forex brokers on the basis of their currency pairs, trading platforms, ease of deposit and withdrawal, etc. Most important choose a broker that provides good customer service. A broker who does not handle the customer’s queries well is not worth trading with


Nice to see your efforts! You described very smartly! That’s the proper way of selecting a Forex broker!

jamesgwyther

Member Since Aug 05, 2017  233 posts jamesgwyther Jul 22 at 10:24
Alexsajed posted:
6 Crucial Things to Consider When Choosing a Forex Broker
Security. The first and foremost characteristic that a good broker must have is a high level of security. ...
Transaction Costs. No matter what kind of currency trader you are, like it or not, you will always be subject to transaction costs. ...
Deposit and Withdrawal. ...
Trading Platform. ...
Execution. ...
Customer Service.


speed and ease of use of the platform?

Mulberry

Member Since Jul 10, 2019  8 posts Mulberry Jul 22 at 12:58
My top 6 are:
Regulation
Regulation
Regulation
Regulation
Regulation
Spreads

Aqissiaq

Member Since Jul 23, 2019  8 posts Aqissiaq Jul 23 at 09:07
Mulberry posted:
My top 6 are:
Regulation
Regulation
Regulation
Regulation
Regulation
Spreads


Could not agree more

Adribaasmet

Member Since Aug 27, 2017  645 posts Adribaasmet Jul 23 at 13:41
Mulberry posted:
My top 6 are:
Regulation
Regulation
Regulation
Regulation
Regulation
Spreads


Best reply! Without regulation status, there is no value on trading features!

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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.