Advertisement
Is CMC Markets and FP Markets suitable for beginners?
Mar 16, 2022 at 09:20
1,142 Views
8 Replies
Mar 17, 2022 at 12:15
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.
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.
Member Since Aug 04, 2014
52 posts
Mar 18, 2022 at 12:09
I do not understand this sentence ' best broker for a newbie '
Novice or experienced. A good broker is suitable for everyone
Novice or experienced. A good broker is suitable for everyone
Apr 01, 2022 at 09:59
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.
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.
Member Since Aug 05, 2021
394 posts
Apr 04, 2022 at 16:44
Both seem to be solid brokers judging by online reviews. I haven't used them personally, but would consider it.
Member Since Apr 09, 2019
516 posts
May 04, 2022 at 10:35
Depends on the conditions that you think are important to you.
If you can't spot the liquidity then you are the liquidity.
Member Since Aug 05, 2021
394 posts
May 04, 2022 at 14:39
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!
Member Since Sep 06, 2022
26 posts
Oct 10, 2022 at 09:19
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.
*Commercial use and spam will not be tolerated, and may result in account termination.
Tip: Posting an image/youtube url will automatically embed it in your post!
Tip: Type the @ sign to auto complete a username participating in this discussion.
