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Best Broker for a Newbie

ethan_65
Mar 21 2020 at 04:06
41 posts
Currently, I am using turnkeyforex.com, I just deposited $5 to open a micro account with them and the spreads are not very high as well. I am satisfied trading with them.

Profits
JapaneseGroupFx (JapaneseGroupFx)
Mar 21 2020 at 22:52
77 posts
ethan_65 posted:
Currently, I am using turnkeyforex.com, I just deposited $5 to open a micro account with them and the spreads are not very high as well. I am satisfied trading with them.


Do people really trade $5? I don't understand why people we do that as I'm definitely sure it's not for paying bills purpose

Martinki
Mar 24 2020 at 08:49
17 posts
JapaneseGroupFx posted:
ethan_65 posted:
Currently, I am using turnkeyforex.com, I just deposited $5 to open a micro account with them and the spreads are not very high as well. I am satisfied trading with them.


Do people really trade $5? I don't understand why people we do that as I'm definitely sure it's not for paying bills purpose
s

Some do it just to start trading on live, so that the risk factor is not high and loss of capital is not much either.

Tygotaylor
Mar 30 2020 at 07:49
33 posts
If you are a newbie then it's important to look for a few things which i considered while choosing my broker
1 Spreads and Commissions
2 Leverage
3 Customer Support

jamubang
Apr 05 2020 at 04:22
11 posts
I would recommend you to start with a demo account first

jayjoh
Apr 07 2020 at 12:16
5 posts
if you are a newbie it Is very important to note that regulation is the most important factor while choosing a broker, since your funds will be safe with them. after this, some other important things to consider are spreads, order execution(no delays or requotes or slippage) and commission charges.
Here some of the brokers I like: Pepperstone, Fxpro, Tickmill.
But I would recommend you to dyor before choosing any of them.

Imamul
Apr 23 2020 at 15:29
576 posts
Before large investments we generally open a demo account in a broker to see the performance how it works. But I have seen, after large investments brokers attitude changes sometimes that is not available in micro accounts.

almfx
Apr 23 2020 at 15:45
227 posts
According to my experience. I can recommend :

Icmarkets, pepperstone, ATC brokers, FC stone, admiral markets, interactive brokers. Trade max, Lmax.

And some famous brokers that you must stay away from:
Octafx. FBS. Traders trust, Fxopen( real02 servers cent) , weltrade, fortfs. ...So be careful what you choose .

Dorigda
Apr 24 2020 at 06:24
83 posts
As for me, it is better for a beginner to choose a broker who offers help from managers, small leverage, and a large set of financial instruments?

Imamul
Apr 24 2020 at 15:31
576 posts
Nowadays it’s very difficult to consider a broker as a best broker, because lots of trading brokers are available in retail market place and most of them are found to be scams.

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