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Arcferreira

Member Since Mar 02, 2017  34 posts Allan (Arcferreira) Dec 27 2017 at 07:48
mlawson71 posted:
When picking a broker keep in mind that ESMA, aka the European Securities and Markets Authority, is about to impose new restrictions on the industry in order to better protect retail clients. (https://www.forexbrokerz.com/news/FXCM-IG-Group-support-ESMAs-restrictions-on-leverage-binary-options-but-also-voice-concern) Recently it outlined its intentions to cap the leverage on forex and CFDs to anything between 1:5 and 1:30, depending on the volatility of the underlying product. Additionally, ESMA is planning a blanket ban on the distribution and marketing of binary options products across the EU. Most major brokers seem to be tentatively supportive of the new rules, but also voice various concerns.


Exactly... but I believe Swiss and UK brokers will not follow these rules...

Trade safely... Remember, a high Drawdown means a high risk!
mlawson71

Member Since Dec 11, 2015  1486 posts mlawson71 Dec 28 2017 at 16:27
I am not sure about the Swiss, but I can say for certain that the UK won’t be following those rules.
Obviously they’ll be making their own decisions because of Brexit. Also, the FCA recently announced that from January 3, 2018 it is taking over the regulation of the binary options brokers.( https://www.forexbrokerz.com/news/UKs-FCA-to-regulate-binary-options-brokers-from-2018) Until now, the binary options companies in Great Britain were overseen by the Gambling Commission. The new state of things would mean that the binary options brokers will be authorized and supervised by FCA, individual complaints will have to be referred to the Financial Ombudsman Service and consumers will have access to the Financial Services Compensation Scheme.
Obviously that means they're not about to ban binary options.

Mohammadi

Member Since Aug 11, 2017  277 posts Mohammadi Feb 02 at 12:37
In Forex , the Best Broker is a trading platform which is more appropriate to the concept of trading that will be used , if you love doing scalping should choose the trading platform which does not restrict any trading techniques and permits scalping including lowest trading spreads as well minimum margin requirements without any restrictions. it will be best broker for you

PriceAction13

Member Since Oct 08, 2016  58 posts PriceAction13 Feb 03 at 10:47
Please without using practically don’t recommend at any broker , because lots of trading brokers are available in this retail market place and most of them are found to be scams. We the traders can choose a broker which is more appropriate to the concept of trading that will be used.

To change your trading result, just change your thinking.
Imamul

Member Since Aug 09, 2017  63 posts Imamul Feb 11 at 07:06
I have seen many traders trade with several brokers, but I don’t like it at all, because that’s very difficult to maintain all accounts at the same time, if the credible broker found I think just one broker is quite enough for ensuring a healthy trading life with surely. Because the broker can affects the result of our trading with certainly

Skater

Member Since Jan 03, 2018  10 posts Skater Feb 12 at 13:28
But what if that broker steals your money or goes bankrupt! Better to have a few broker

togr

Member Since Feb 22, 2011  3819 posts vontogr (togr) Feb 12 at 13:40
Skater posted:
But what if that broker steals your money or goes bankrupt! Better to have a few broker


It is always good to diversify the risk over different brokers, currencies and trading systems.

I like what I trade, I trade what I like
PriceAction13

Member Since Oct 08, 2016  58 posts PriceAction13 Feb 24 at 10:38
I have seen according to my trading experience by and large regulated trading broker don’t allow scalping in their trading platform, so we the traders fall a great trouble when choosing a broker for scalping in a proper way. So we have to be careful when choosing a broker and have to ensure the broker which allows scalping including lowest trading spreads as well minimum margin requirements.

To change your trading result, just change your thinking.
natalieFx

Member Since Mar 04, 2018  39 posts Natalie Olki (natalieFx) Mar 05 at 08:46

natalie986754@
ricki72

Member Since Mar 02, 2013  238 posts ricki72 Mar 05 at 11:05
hmm since many of the rating sites are sponsored by more or less dubious brokers, i just trust on of them:

https://www.forexpeacearmy.com/

The differenece between who your are and who you would like to be be is what you do
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HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all of your initial investment; do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading, and seek advice from an independent financial or tax advisor if you have any questions. Any data and information is provided 'as is' solely for informational purposes, and is not intended for trading purposes or advice.