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Best Broker for a Newbie
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ethan_65

Member Since Feb 07, 2020  16 posts ethan_65 Mar 21 at 04:06
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.

JapaneseGroupFx

Member Since Feb 28, 2020  77 posts Profits (JapaneseGroupFx) Mar 21 at 22:52
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

Member Since Feb 11, 2020  15 posts Martinki Mar 24 at 08:49
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

Member Since Oct 22, 2019  29 posts Tygotaylor Mar 30 at 07:49
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

Member Since Dec 09, 2014  11 posts jamubang Apr 05 at 04:22
I would recommend you to start with a demo account first

jayjoh

Member Since Nov 26, 2018  5 posts jayjoh Apr 07 at 12:16
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, Fxview, Tickmill.
But I would recommend you to dyor before choosing any of them.

Imamul

Member Since Aug 09, 2017  482 posts Imamul Apr 23 at 15:29
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

Member Since Feb 13, 2017  175 posts almfx Apr 23 at 15:45
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

Member Since Apr 15, 2020  44 posts Dorigda Apr 24 at 06:24
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

Member Since Aug 09, 2017  482 posts Imamul Apr 24 at 15:31
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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