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.,
Dictiony posted: Without the help of a broker you never can be a successful trader and always choose a broker with good trading conditions like low spread and good customer support.
Totally! being a scalper, spreads and commissions eat up alot if looking at yearly performance which could have saved atleast half, led me to find low-cost broker (ended up with fxview), had demo and started live few months ago and wished I could have found them earlier to save alot of unnecessary costs. but what's gone is gone, experience matters.
I recently moved my account to FP Markets because my previous broker ICM spreads were not consistent and from my experience with FP Markets they have better spreads and lower slippage compared to other similar brokers.
LeviSievwright5 posted: If the broker does not provide the right service, it is never possible to achieve success. So it is very important to consider the details of the broker before choosing a broker.
The broker is a very essential subject for trading. If the broker's spread is good, many benefits can be gained. Market maker broker spreads are usually not good. Details about the broker should be known before investing in trading.
I currently trade with an ASIC regulated broker FP Markets, I suggest trading with them because the spreads are competitive and commission per lot is $6 per round which is lower than other ECN brokers.
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.
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Past performance is not indicative of future results.