Forex Broker Recommendations?

Oct 10, 2021 at 01:34
41 Replies
Member Since Oct 10, 2021   3 posts
Oct 10, 2021 at 01:34

I’m looking at a couple different forex brokers, but I’m having a tough time picking just one. I’m currently between Forex, FXCM, IBFX, GFT, FXDD, etc…

Can you please recommend some forex brokers you like/use and why??

I’ve been reading a bunch of posts regarding what to look for in a broker, and it seems that a “Fixed” spread and “Non-Dealing Desk” broker is probably the best way to go.

However, if I’m mistaken why do you prefer a different broker??

Should I be looking at a broker with:

A Fixed or Variable spread??
A Dealing Desk or Non Dealing Desk (NDD)??
Thank you,
Member Since Jan 27, 2013   447 posts
Oct 10, 2021 at 06:07
Main main two brokers are Tickmill and ICMarkets, their Seychelles branches due to 1:500 leverage available. No problem withdrawing your money.
Use only brokers with variable spread and NDD. Brokers with fixed spread are keeping 'in house' your trades, never sent them to real market.
Member Since Apr 09, 2019   538 posts
Oct 11, 2021 at 14:29
I like using IG for their reputatiuon and great trading platform, IC Markets for the reasons well explained above me and EagleFX for crypto trading with decent leverage and options.
If you can't spot the liquidity then you are the liquidity.
Member Since Jun 08, 2020   44 posts
Oct 12, 2021 at 10:26
From my experience, I will say FP Markets. They have been regulated since 2005, and it's a trusted global CFD and Forex broker.

I prefer them mostly because of the tight spreads and quick responding customer support team.
Member Since Apr 02, 2020   39 posts
Oct 14, 2021 at 08:48
I recommend trading with an ASIC broker FP Markets. They are one of the oldest brokers since 2005 with a good reputation.

I've been trading with it for over a year, good spreads and faster execution speed even their customer service is quick in solving clients queries.
Member Since Oct 14, 2021   1 posts
Oct 14, 2021 at 09:51
The broker i use is called MOGAfx, an Australian broker regulate by ASIC. 1:500 leverage available, many different of account for option ( standard, VIP, low spread, 0 spread), also have copytrade system for those who does not know how to trade. Really nice account mangers help you with anything.
Member Since Aug 20, 2020   27 posts
Oct 15, 2021 at 09:04
FP Markets is a good choice. I have been trading with them for a while now; their spreads are some of the tightest out there (at least in the major pairs- Averages 0 for most part of the day in EURUSD).

If you choose their Raw Spreads account, the commission charged per lot is 6$ per round lot, slightly cheaper than other similar ECN brokers.
Member Since Aug 13, 2021   43 posts
Oct 25, 2021 at 09:56
It will depend on which product you are trading. I will say there is specialty for some brokers. And yet, brokers those offer fix spread are mostly scammer.
Member Since Oct 20, 2020   49 posts
Oct 27, 2021 at 11:20
'I recommend trading with FP Markets. They are regulated by ASIC, CYSEC and also have an offshore licence with St.Vincent.

Their spreads start from as low as 0.0pips and average at the same rate for most of my trades with lower commission costs and slippages.'
Member Since Jul 23, 2020   759 posts
Nov 10, 2021 at 12:05
Picking the right broker is hard. But traders should choose it carefully.
Member Since Jul 23, 2020   869 posts
Nov 10, 2021 at 16:54
Choosing the best forex broker to trade forex does require some initial research to find the one most suitable for your trading needs and experience level.
Member Since Dec 28, 2019   20 posts
Nov 11, 2021 at 08:01
Well, it's pretty difficult to recommend brokers because every trader has its own needs in trading activity. One trader will be okay with particular conditions, while another trader won't be okay with the same conditions. If you will describe what do you want to get from a broker, for example, you want no commision and tight spreads, then there is a chance that traders can recommend you a broker, in other cases it's quite hard I guess. Anyway, you should firstly make up a decision, which matter a lot for you in case of brokers, maybe you don't want to get system of types of account or something like that.
Member Since Aug 13, 2021   43 posts
Nov 24, 2021 at 06:53
I can only suggest broker that take USDT deposit. Bitcoin deposit is nearly impossible.
Member Since Oct 27, 2020   18 posts
Nov 24, 2021 at 06:55
Recommendations are fine, but you should do your own research in finding your broker.
Member Since Jun 19, 2020   38 posts
Dec 30, 2021 at 05:02
I am using 2 brokers currently (eaglefx,finprotrading) and I would recommend both of them, spreads are low, and they are good on the customer support front too.
Member Since Mar 16, 2021   477 posts
Dec 30, 2021 at 14:54
Imamul posted:
we the traders should choose the broker which is more appropriate to the concept of trading that will be used , if love doing scalping should choose the broker which allows trading concept such as this.
Every trader needs to have proper knowledge about broker trading. Trading will be very difficult if the broker does not have the right selection.
Member Since Jul 19, 2020   788 posts
Dec 31, 2021 at 04:07
Imamul posted:
we the traders should choose the broker which is more appropriate to the concept of trading that will be used , if love doing scalping should choose the broker which allows trading concept such as this.
In order to select a broker, you need to gain proper information about that broker. Then starting from scalping, long time trading policy can be made properly.
Member Since Jun 26, 2020   327 posts
Dec 31, 2021 at 08:21
without using practically thats really difficult to recommend at any broker , because lots of brokers are available in online and most of them are found to be scams.
Member Since Jul 04, 2022   29 posts
Oct 10, 2022 at 09:07
My recommendation is FP Markets. They are regulated by ASIC and have been in business for over 15 years. They also have CYSEC and an offshore licence (for people who worry about leverage restrictions in the future) I've been trading with them for over a year now, their trading conditions & customer support have been great.
Member Since Aug 19, 2022   44 posts
Oct 11, 2022 at 08:26
Personally, I trust brokers who have been in the market for a very long time (more than 10 years).
It is also nice when a broker can offer 1:500 leverage, but nowadays it is a big rarity.
Make money with people who know how to make money.
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