The best broker is a broker which does not restrict any kinds of trading techniques with scalping and hedging. a best trading platform for all time make sure best trading environment for using any kinds of trading techniques by providing lowest trading spreads as well minimum margin requirements. so when choosing a broker we the traders have to be more careful.
You can choose a broker with a license, with good experience and a large number of clients with a good profit.
Feb 02 at 11:02
Couple of options out there but all I’d suggest to you is go with some broker who is regulated and is offering good trading conditions. I’ve been with a few in the past and its been a rough ride with some. Finally with fxview and this broker is kinda pretty good till date, tight spreads, low on commission and timely withdrawals.
'I recommend trading with FP Markets because the spreads are lower and execution speed is faster than it's competitors.
It is also reliable as it is regulated by ASIC, and their customer service team is quick in solving queries.
It is also reliable as it is regulated by ASIC, and their customer service team is quick in solving queries.
Aurisida posted:
You can choose a broker with a license, with good experience and a large number of clients with a good profit.
A fake broker can be the cause of your great loss.
Therefore, you always need to choose a broker who at least has good experience and a lot of clients.
If you are looking for a broker, I recommend checking the Reviews section
https://www.myfxbook.com/reviews/brokers/9,1
https://www.myfxbook.com/reviews/brokers/9,1
Apr 21 at 06:17
Here’s my checklist for picking a broker:
Low spreads and commissions:No matter which trading strategy you adopt, you would want to save on your trading cost. Some that I know who offer low spreads are a) pepperstone with average spread of 0.16 pips b) fxpro with average 0.45 pips c) turnkey forex with average 0.10 pips d) fp markets 0.45 pips.
However during highly volatile trading hours, the spreads with all these brokers can even go down to 0.0 pips.
Micro lots: Most brokers I mentioned above offer a smaller trade size of 0.01 lot which is ideal for beginners. You can even use leverage and observe how your trade gets affected without risking a whole lot of your capital. So that’s gonna vary with every broker.
Regulations: it is very important to use a regulated broker as you will eliminate at least the chances of getting scammed.
Good customer support: As a newbie it’s very important to use a broker that is responsive. Don’t go for one that doesn’t have a live chat option.
After this, all you need to do is make sure your broker offers the currency pairs and indicators that you like most!
Low spreads and commissions:No matter which trading strategy you adopt, you would want to save on your trading cost. Some that I know who offer low spreads are a) pepperstone with average spread of 0.16 pips b) fxpro with average 0.45 pips c) turnkey forex with average 0.10 pips d) fp markets 0.45 pips.
However during highly volatile trading hours, the spreads with all these brokers can even go down to 0.0 pips.
Micro lots: Most brokers I mentioned above offer a smaller trade size of 0.01 lot which is ideal for beginners. You can even use leverage and observe how your trade gets affected without risking a whole lot of your capital. So that’s gonna vary with every broker.
Regulations: it is very important to use a regulated broker as you will eliminate at least the chances of getting scammed.
Good customer support: As a newbie it’s very important to use a broker that is responsive. Don’t go for one that doesn’t have a live chat option.
After this, all you need to do is make sure your broker offers the currency pairs and indicators that you like most!
Apr 21 at 19:44
RobSchiz posted:Aurisida posted:
You can choose a broker with a license, with good experience and a large number of clients with a good profit.
A fake broker can be the cause of your great loss.
I agree with you. a good broker is very much needed to make a good money.
