Rating: Empty Star Empty Star Empty Star Empty Star Empty Star
How can we find a reliable platform?
Previous 1 2 Next
candicesummer

Member Since Sep 21, 2018  1 posts candicesummer Oct 03 2018 at 11:54
When choosing a FOREX broker, you should always consider security, support, fees and regulations before you decide.
So in order to find a regulated forex broker with a great reputation, consider these things:
Where are the broker regulated
FCA
FSA
CySEC
FINRA
CFTC
ASIC
How many years have they been in business?
Have they survived bear markets, and big client losses?
How much do they have in deposit guarantee?
Are they holding you account deposit in a segregated bank?
What support opportunities do they offer?

When you have answered these first questions, you can begin to compare spreads, fees, inactivity fees, charting software and anything else that might also be important for you as a trader.
When you compare the best and regulated forex brokers you should consider:
Spreads
Trading fees
Inactivity fees
Account fees
Charting software

estraub

Member Since Oct 09, 2017  23 posts estraub Oct 04 2018 at 07:44
And also what kind of order execution (DD/NDD/DMA/STP/ECN) is the broker using.

Vivianng

Member Since Aug 22, 2018  10 posts Vivianng Oct 05 2018 at 06:59
@estraub What's the difference between that? I know STP and ECN, what about the rest?

crabby12

Member Since Oct 11, 2018  9 posts frank (crabby12) Oct 15 2018 at 06:04
Vivianng posted:
@estraub What's the difference between that? I know STP and ECN, what about the rest?


Certain brokers work as Market Makers and have fixed spreads, others provide STP or ECN accounts with direct market access and offer much more underlying assets for trading. This website https://fx-list.com/ should help you find the most suitable Forex Broker to meet your needs and requirements. There are several sections and filters on the left menu, use them to form a list of entities with appropriate parameters and characteristics. If you find a broker you used or continue to work with, please share some experience and leave a review about it. That would be helpful for all traders out there.

Vivianng

Member Since Aug 22, 2018  10 posts Vivianng Oct 15 2018 at 07:23
crabby12 posted:
Vivianng posted:
@estraub What's the difference between that? I know STP and ECN, what about the rest?


Certain brokers work as Market Makers and have fixed spreads, others provide STP or ECN accounts with direct market access and offer much more underlying assets for trading. This website https://fx-list.com/ should help you find the most suitable Forex Broker to meet your needs and requirements. There are several sections and filters on the left menu, use them to form a list of entities with appropriate parameters and characteristics. If you find a broker you used or continue to work with, please share some experience and leave a review about it. That would be helpful for all traders out there.


Now I know DD= Dealing Desk, NDD = Non Dealing Desk, DMA= Direct Market Access!

Anyway, thank you Frank!

TiffanyK

Member Since Feb 12, 2016  427 posts Tiffany (TiffanyK) Oct 17 2018 at 12:47
That is a good list candicesummer I believe it should be combined with the topic Best Broker for a Newbie

Accept the loss as experience
AkbarM

Member Since Oct 23, 2018  9 posts AkbarM Oct 23 2018 at 13:35
many trader worry too much about broker. Just pick one of the big ones that is regulated. spend the time you save worrying about how to actually trade!!!!!!

estraub

Member Since Oct 09, 2017  23 posts estraub Oct 25 2018 at 06:07
TiffanyK posted:
That is a good list candicesummer I believe it should be combined with the topic Best Broker for a Newbie

No such thing as a best for all broker... What's good for you may not be good for me and vice versa.
So, no. However, this list is a good place to start when looking for a reliable broker. From then on it's all about that broker having the best conditions for your trading style and needs.

yellowman94

Member Since Oct 09, 2018  41 posts yellowman94 Oct 25 2018 at 12:19
estraub posted:
TiffanyK posted:
That is a good list candicesummer I believe it should be combined with the topic Best Broker for a Newbie

No such thing as a best for all broker... What's good for you may not be good for me and vice versa.
So, no. However, this list is a good place to start when looking for a reliable broker. From then on it's all about that broker having the best conditions for your trading style and needs.

couldn't agree more. everyone has different preferences and requirement. all the brokers in the market are working to stay and make profit. so, what suits one , may not suit the other.

TiffanyK

Member Since Feb 12, 2016  427 posts Tiffany (TiffanyK) Oct 25 2018 at 14:10
estraub posted:
TiffanyK posted:
That is a good list candicesummer I believe it should be combined with the topic Best Broker for a Newbie

No such thing as a best for all broker... What's good for you may not be good for me and vice versa.
So, no. However, this list is a good place to start when looking for a reliable broker. From then on it's all about that broker having the best conditions for your trading style and needs.

That is 100% true estraub – if I see my broker as the best one you may have different criteria’s and don’t see it that good as I do. I was just mentioning that the current topic we are discussing at with subject : “How can we find a reliable platform” could be combined with topic with subject : “Best Brokers for Newbie”.

Accept the loss as experience
Previous 1 2 Next
Loading
Loading
EURUSD 1.11393 GBPUSD 1.32197
USDJPY 108.641 USDCAD 1.31645

Tools

Community

Reviews

Brokers

Platform

Support


Twitter |  Facebook |  Site Map  |  Terms  |   Privacy Policy
©2019 Myfxbook Ltd. All Rights Reserved.
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. Past performance is not indicative of future results.