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Is CMC Markets and FP Markets suitable for beginners?

Mar 17 2022 at 12:15
14 posts
In my opinion, the most part of the brokers would suit beginning traders, especially when it comes to demo account. Demo account conditions are of course exclusive, however they work on the same principle and everything you need are money, indicators and analytical things such as economic calendar for example.
The rest doesn't really matter.
To my mind, these days there are plenty of reliable brokers on the market and if you a newcomer, then choose thsoe ones where reviews are mostly positive and check everything on your own.

Before you give your funds to this broker check the work of customer support, ask various questions, check regulations and check processes of depositing and withdrawing money. Thus you will be able to make conclusions.
Mar 18 2022 at 12:09
62 posts
I do not understand this sentence ' best broker for a newbie '
Novice or experienced. A good broker is suitable for everyone
Apr 01 2022 at 09:59
57 posts
I have not traded with CMC Markets but am currently trading with FP Markets and from my trading experience with them for close to a year, I can say it is suitable for beginner traders.

FP Markets is regulated by ASIC with a minimum opening balance of $100 AUD and it is one of the oldest brokers active for over 15 years.
HeavenLeighGill (HeavLeighGill26)
Apr 04 2022 at 16:44
401 posts
Both seem to be solid brokers judging by online reviews. I haven't used them personally, but would consider it.
Apr 05 2022 at 10:53
213 posts
croisssan posted:
Is there a big difference in a broker for beginners and experienced users?
Apr 06 2022 at 03:25
10 posts
I haven't used either of these brokers, but I think a good broker is for everyone
Seb King (sebking1986)
May 04 2022 at 10:35
538 posts
Depends on the conditions that you think are important to you.
If you can't spot the liquidity then you are the liquidity.
HeavenLeighGill (HeavLeighGill26)
May 04 2022 at 14:39
401 posts
Did you open an account with either? I was just thinking, while both of those are good I think CedarFX may be better in some categories. I know CMC has customer support online during weekdays, but theirs is 24/7, for example. I also think the fees are slightly lower because they don't charge commission. Just throwing that out there just in case it helps!
Oct 03 2022 at 08:11
43 posts
As a scalper, the MT4 platform with an ECN broker like ICM or FP Markets is a good choice because most ECN brokers provide tight spreads and the trading conditions are also robust.
Oct 03 2022 at 09:25
43 posts
In my view, I will agree that they are both suitable for beginners since they also provide micro lot accounts with reliable trading conditions and govt regulations such as ASIC.

FP Markets also provides a quick customer service team to solve clients' queries, whereas ICM just lacks those qualities, as per my personal experience.
Oct 10 2022 at 09:19
26 posts
It depends upon the trader and his trading style as to which broker suits him the best. In my case, aaafx and xm suited me well because of their low minimum deposit requirements, multiple instruments and good trading conditions.
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