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Best Broker for a Newbie
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Professional4X

Member Since Jan 05, 2016  968 posts Professional4X Jul 17 at 00:29
FXBrew is an unregulated brokerage.

If it looks too good to be true, it's probably a scam! Let the buyer beware.
Vivianng

Member Since Aug 22, 2018  9 posts Vivianng Jul 17 at 03:08 (edited Jul 17 at 03:08 )
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 lol Not sure about its regulation, as like the author of this thread mentioned, the regulation is important

Atchris

Member Since Mar 20, 2019  8 posts Atchris Jul 17 at 12:13
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

Member Since Mar 05, 2017  20 posts Thang (Minhthang2603) Jul 31 at 10:28
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

Member Since Sep 26, 2018  2 posts n4nd14hm Jul 31 at 12:08
IC Markets.. choose CTrader Trading tool platforms

Imamul

Member Since Aug 09, 2017  324 posts Imamul Sep 07 at 09:12
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

Member Since Jan 31, 2017  140 posts SCR Traders (Pikasso) Sep 07 at 13:02
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 developer and strategy provider.
limaforex

Member Since Sep 15, 2019  1 posts limaforex Sep 15 at 11:04 (edited Sep 15 at 11:05 )
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

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