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Best Broker for a Newbie

Imamul
Dec 13 2019 at 10:51
698 posts
According to me, If you love scalping should choose the broker which allows trading concept such as this. Actually scalping success on the lowest trading spreads currency pair. So we the scalpers have to choose the currency pair which has lowest trading spreads. Otherwise that’s not possible at all to make profit with certainly by scalping.
Michael989
Dec 14 2019 at 18:16
9 posts
Generally speaking, for a newbie is best to choose a broker with a low minimum deposit so you could trade with real funds while not risking too much. All other respects by according to which you should choose a broker are very similar to what advanced traders are looking for. Opinions on the best brokers for newbies vary, look for a solid trading educational portals like https://brokerchooser.com/, https://tradingbeasts.com/, https://www.investopedia.com/. Each of them recommends different companies, but I believe they are all solid options so check out some reviews and see what company you like the most.
parish
Dec 15 2019 at 08:32
60 posts
fx choice is a good broker .
i trade to make money not to be right
tacet
Dec 22 2019 at 19:30
57 posts
The best is to find a broker that implements firmwide hedging of OTC positions (globally) as company policy. There are not so many such brokers 😎
every beautiful garden has a strong hedge around
Jonny87
Dec 26 2019 at 19:25
34 posts
Broker is an important element in forex market. A trader has to choose a broker to trade in a forex market. Earning profit mostly depends on a broker and its rules and regulations and the features of them.
Professional4X
Dec 27 2019 at 02:31
1189 posts
tacet posted:
The best is to find a broker that implements firmwide hedging of OTC positions (globally) as company policy. There are not so many such brokers 😎


It is better to find a brokerage with strong regulations and a guarantee of client asset protections which prevent the brokerage from encouraging bad trading from their clients.





If it looks too good to be true, it's probably a scam! Let the buyer beware.
tacet
Dec 27 2019 at 10:30
57 posts
Professional4X posted:
It is better to find a brokerage with strong regulations and a guarantee of client asset protections which prevent the brokerage from encouraging bad trading from their clients.

yes - it's the first of the firsts - without a doubt..
every beautiful garden has a strong hedge around
Mohammadi
Dec 28 2019 at 10:08
886 posts
Regulated trading broker can be a great choice which for all time makes sure security of funds at any deposits with a wide range of trading technologies.
JaniceLiu
Dec 31 2019 at 03:22
17 posts
I'm new here. just wanna mention that USGFX has good reputation.
Jonny87
Jan 05 2020 at 06:59
34 posts
Broker is an important element of Forex. A broker can be the way of making profit or facing loss. So it is very important to choose the broker wisely. Low spreads, dynamic leverage, ease of trades are some features of good broker. I am also a trader. I always use TP Global FX. Because they provide me low spreads starts from 0.01 pips and maximum leverage of 1:500. They are also very much cooperative.
Mohammadi
Jan 09 2020 at 03:01
886 posts
The most important think is the broker in Fx trading, because the broker can affects the result of our trading with certainly. for leading a healthy and secure trading life we the traders have to choose the broker which for all time make sure secure environment for trading . Actually the most credible trading for all time ensures security of funds at any kinds of investments with a wide range of trading technologies.
NenadX
Jan 09 2020 at 14:31
4 posts
I am using AxiTrader for trading my small $ account. 10$ are minimum deposit, but 100$ value is enough for comfortable trading.
Buy Low, Sell High
JaniceLiu
Jan 10 2020 at 08:11
17 posts
NenadX posted:
I am using AxiTrader for trading my small $ account. 10$ are minimum deposit, but 100$ value is enough for comfortable trading.

does it blow up easily when you deposit $10 into your account?
NenadX
Jan 10 2020 at 09:35
4 posts
JaniceLiu posted:
NenadX posted:
I am using AxiTrader for trading my small $ account. 10$ are minimum deposit, but 100$ value is enough for comfortable trading.

does it blow up easily when you deposit $10 into your account?

Sorry, it seems a link to another broker was deleted. AxiTrader have 250$ minimum and 1:100 leverage.

Another broker have 1:100 leverage as well, but it is using BTC as an account currency. With 10$ you can't do much, but with 100$ you can be comfortable.
Buy Low, Sell High
Mohammadi
Jan 16 2020 at 08:44
886 posts
The broker can affects the result of our trading with certainly, so choosing a broker should be in cool mind , please don’t choose a broker in an emotional state, it would be great if we choose the broker which is more appropriate to the concept of trading that will be used , the traders who are particularly scalpers have to choose the broker which allows trading concept such as this.
Duranh
Jan 19 2020 at 14:16
22 posts
In my opinion, all functions of a broker are to ensure that the platform functions normally and there are no problems with withdrawal of funds, but additional services are not so important against the background of how well a trader is prepared to work in the market.
jaredtaylor
Jan 30 2020 at 10:35
50 posts
As a newbie, there are many factors which one should look for in a broker like you might want to look at the reputation of the broker then leverage, tight spreads, execution speed etc. However, to check this, demo account is not gonna work, you need to open a real account. May be you can start up with a micro account. To start with, I think Turnkey Forex would be nice. They are pretty reliable and reasonable when it comes to trading conditions and services.
Brahma23
Feb 16 2020 at 16:57
27 posts
A broker is the main element for trading in the forex market. But choosing a broker is not so easy. There is a lot of brokers in this huge market. Some of them are good and some of them are bad. Select a good broker from all of them is a difficult task.
KQad
Feb 28 2020 at 12:15
18 posts
I'm with FP Markets right now, seems reliable.

No issues so far but we'll see how withdrawals go. Although before I had issues with Australian IC markets I don't think ASIC was to blame. At an initial stage they were good but after a while it turned out a disaster.

Too many server crashes and platform freeze got me fed up at the end. Which brokers you have experience with?
MP_89
Mar 04 2020 at 10:36
47 posts
wow. all of you have so many creteria when chosing broker. it's so cool there are forums where you can barter with experience and opinions. probably i decided fo myself when chosing a broker i'll pay attention to spreads, swaps, commissions, leverage and the ways to replanish acc.
and as i read before i'll check demo acc first.
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