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How to choose a regulated forex broker?

Grole
May 28 2020 at 15:41
22 posts
As far as I understand, the company is obliged to provide license numbers with reference to the regulators. it can be easily checked in just a few minutes on specialized sites. If everything is OK, you can work, if not - you should look at the company more seriously, there may be problems.

Gracewilson1995
May 29 2020 at 08:37
147 posts
Choosing a right broker is very important in forex market as it is a decentralised market. While choosing a broker, we must check the broker is A book or B book.So, I personally think one should STP brokers. After checking the broker type, the most important thing to be checked is the Spreads broker is providing along with the commission charged on the trades. We should look for a broker who provides raw spreads along with ULTRA LOW commission as it is the rare combination available and are the best kind of brokers.

TraderProHungary (TraderProHungary)
May 29 2020 at 21:06
83 posts
Check here for broker review

Poolut
May 30 2020 at 15:56
13 posts
If the broker is regulated, you will see all the documents with all the confirmations, etc., which can be checked through official sources. And you just need to be more careful about what you use and how.

Justin990
Jun 01 2020 at 10:37
21 posts
I would choose a broker who has been in the forex broker business for a long time at least a minimum of 5 to 6 years and should be a reputable broker.

The broker should be regulated and have reasonable pricing and trading conditions.

FuYating
Jun 01 2020 at 11:54
11 posts
Always good double double check their regulation,. Do not just take the brokers claims on the website. Check the regulatory authority as well

Adribaasmet
Jun 02 2020 at 17:51
947 posts
you should choose the broker which is more appropriate to the concept of trading that will be used , if love doing scalping should choose the broker which allows trading concept such as this.

Brick_56
Jun 03 2020 at 12:34
36 posts
For brokers, I seek three things: regulations, trading conditions and pricing. I don't see any point to trade with brokers if these three things does not meet.

I have opened some accounts over years and have split the funds to few brokers, not to mention I'm still very open to competitive broker be it old or new. Currently my main accounts in order including pepperstone, hotforex, IG, fxview. It's possible to find good broker for yourself if you're good in online research, and try to avoid following popular suggestion, my piece of advice.

Mohammadi
Jun 03 2020 at 14:34
886 posts
when choosing a broker first of all we the traders have to make sure the lowest trading spreads, because the trading spreads can affect the result of our trading with certainly and from all trading instruments spreads is mainly considered as an important financial tool which an investor should consider when choosing a broker.

keatonrichard (keatonrichard)
Jun 18 2020 at 13:06
30 posts
Having a reliable expert advisor will be highly knowledgeable and would help you make the right decision, considering the current situation and the future aspects.

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