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Best Broker for a Newbie

Professional4X
Jul 17 2019 at 00:29
1189 posts
FXBrew is an unregulated brokerage.

If it looks too good to be true, it's probably a scam! Let the buyer beware.
Vivianng
Jul 17 2019 at 03:08
10 posts
Alexander654 posted:
What are spreads like? Are they regulated ? I have not heard of fxbrew before? Sounds more like a brand of beer

LOL I agree, sounds more like a drink rather than a broker 😁 Not sure about its regulation, as like the author of this thread mentioned, the regulation is important

Atchris
Jul 17 2019 at 12:13
10 posts
Alexander654 posted:
What are spreads like? Are they regulated ? I have not heard of fxbrew before? Sounds more like a brand of beer

Spreads are very tight, low as .1 on majors sometimes. And no they are offshore brokers. You must’ve not heard about them because they are only a year old I think. I like to test new brokers and add good ones to my list, which is when I came across them, good broker.

Minhthang2603 (Minhthang2603)
Jul 31 2019 at 10:28
20 posts
skyjack777 posted:
Hi All,
       Have just been to the reviews on Brokers. I'll ask the question here. For someone in Australia, with a micro account between $250 to $500 dealing with .01 lots, is there any Brokers that come to mine. Thanks Bruce


IC Markets is the best broker in Australia

n4nd14hm (n4nd14hm)
Jul 31 2019 at 12:08
2 posts
IC Markets.. choose CTrader Trading tool platforms

Imamul
Sep 07 2019 at 09:12
576 posts
if you want to find a right broker, you have to move Forex Pace Army where people share their own trading experience. And EarnForex and Babypips can be a great source to find a right broker nowadays.

Pikasso (Pikasso)
Sep 07 2019 at 13:02
167 posts
It depends on what you want to do and how you want to trade/invest. For example , if you want to invest to the PAMM - it will be unregulated broker , or if you want to trade with leverage more than 1:30 - most likely that your broker will be with some unreliable licence, etc. As for me - I consider all these moment while choosing a broker to trade and provide account management or signals providing.

Trading system developers and strategy providers.
limaforex
Sep 15 2019 at 11:04
1 posts
spoteuro posted:
Looks like a lot of good choices have been listed here...

Just to throw our two cents, I'd look up the brokers in the US, then look up the CFTC info to find ones with good excelss net capital

(https://www.cftc.gov/MarketReports/FinancialDataforFCMs/index.htm)

(https://www.forexing.com/forex-broker-reviews)

then look to see if they operate in Australia.

I would agree from the lists that IBFX AU is good, though my experience has been w/ them in the States. Also, I'd check to see if Oanda operates in AU as well as Forex.com

Cheers,


I would agree from the lists that IBFX AU is good

downtown
Nov 12 2019 at 05:59
26 posts
I have been using turnkey forex for a while, one of the good broker out there. Being a newbie, it is better to go live with small capital and there, you can open a micro account with minimum deposit of $5.

Mohammadi
Nov 12 2019 at 08:45
875 posts
i have seen In spite of a profitable trading policy scalping cannot use in a reputed trading broker due to many restrictions. So, we the scalpers have to choose the broker which permits scalping including lowest trading spreads.

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