What safety measure I need to take before choosing any forex broker?
Členem od Jun 09, 2020
36 příspěvků
Dec 10, 2020 at 10:36
People also know that third parties sometimes cause the delay, like your concerned bank. From broker’s end processing happens very fast. But why is this such a big issue. If you are using a regulated licensed broker, like the one in question here pepperstone or fxview, you can be rest assured.
Členem od Jul 01, 2020
28 příspěvků
Dec 10, 2020 at 12:42
Regulations are just a mirage, a ploy for brokers to dupe traders into making them believe they are legit. Beware!
Členem od Jul 09, 2020
4 příspěvků
Dec 10, 2020 at 13:30
Now which one did you have an issue with and what. Sharing names always helps others.
Členem od Jul 01, 2020
28 příspěvků
Dec 11, 2020 at 03:55
Nah! Haven’t used them yet! I am still struggling to be able to withdraw my money from the broker. And customer service is not responding. Will transfer funds at the first possibility to a different broker.
Členem od Oct 23, 2020
37 příspěvků
Dec 21, 2020 at 09:57
Try using regulated brokers that are good with their services. Make sure you make all the inquiries and see if the trading conditions are upto the mark. Don’t settle for less than what you need as a trader.
Členem od Oct 15, 2020
59 příspěvků
Dec 22, 2020 at 04:21
Gingerrogers posted:I agree. A lot of traders use offshore brokers too and that works fine for them so there isn’t a big deal about this.
Regulations are just a mirage, a ploy for brokers to dupe traders into making them believe they are legit. Beware!
Členem od Jul 09, 2020
34 příspěvků
Dec 22, 2020 at 07:16
1 Regulation
2 Trading conditions
3 Online reviews
I look for all these things while choosing a broker.
2 Trading conditions
3 Online reviews
I look for all these things while choosing a broker.
Členem od Sep 30, 2020
58 příspěvků
Dec 23, 2020 at 06:26
IvanMelnik posted:Agreed. Here are things I look for when selecting a broker:
1 Regulation
2 Trading conditions
3 Online reviews
I look for all these things while choosing a broker.
Check if the broker is regulated
Get all the account details and check the leverage and margin
Pay close attention to commissions and spreads
Review the initial deposit amount
Check if withdrawals and payments are timely or fast
Trading platforms available
Customer support
Number and types of currency pairs offered
Členem od Jul 14, 2020
42 příspěvků
Dec 23, 2020 at 10:13
I just check if the spreads are tight and the platforms run smoothly. I just use MT4 so this is pretty much the only criteria I look for. Can check reputable brokers like Etoro or IG.
Členem od Oct 09, 2020
36 příspěvků
Dec 24, 2020 at 12:42
If you’re so worried about it, why not ask the experts. I trade with Pepperstone and Fxview for better spreads and smoother transactions. Withdrawals and payments are fast too.
Členem od Jul 20, 2020
232 příspěvků
Dec 28, 2020 at 21:05
A broker is the most important element for trading in the forex market. You can choose a reliable and regulated broker by researching the market properly. You can visit those websites that provide broker reviews on their sites.
Členem od Dec 05, 2020
81 příspěvků
Dec 29, 2020 at 08:01
jamesmaxwell52 posted:
I don’t pay attention to the regulation or whatever. I just trade and make money. Simple as that.
Is it? Aren't you scared about the scams?
Členem od Jul 09, 2020
39 příspěvků
Jan 01, 2021 at 05:47
The list of what all to consider when finalising on a broker are endless. But my top 3 things to look into are: deposits and withdrawals, leverage and order execution.
Členem od Oct 08, 2020
25 příspěvků
Jan 04, 2021 at 04:12
I consider slippage to be a very important factor. I know that some sort of slippage is bound to happen, but many fractions of a second of slippage is only acceptable. The trading environment that I get with the brokers I am using right now is fine till now. I have noticed that big slippage occurs on any platform when an important announcement is made. I avoid news trading.
Členem od Jun 23, 2020
29 příspěvků
Jan 04, 2021 at 09:47
You should look at broker reviews, I always do that before choosing a new broker for trading. Forex peace army is good for genuine reviews.
Členem od Oct 29, 2020
35 příspěvků
Jan 06, 2021 at 13:16
Johnathankim posted:I agree with all reviews not being genuine, like the broker comparison sites. But fpa reviews are generally good.
You should look at broker reviews, I always do that before choosing a new broker for trading. Forex peace army is good for genuine reviews.
Členem od Nov 19, 2020
104 příspěvků
Feb 20, 2021 at 05:32
advancedsmifser posted:Agreed, FPA is a good site, even I scroll that one when researching about a broker.Johnathankim posted:I agree with all reviews not being genuine, like the broker comparison sites. But fpa reviews are generally good.
You should look at broker reviews, I always do that before choosing a new broker for trading. Forex peace army is good for genuine reviews.
Členem od Aug 14, 2020
40 příspěvků
Feb 25, 2021 at 12:45
Josuvaphilip posted:Agree with you on this. But there are many reputed brokers around that have quite low minimum deposit requirement like fxview, xm, hotforex and many more.
What about their big trading fees, I feel they aren't suitable for all kinds of traders, especially the new ones who would be better off with a broker that requires low deposits and offers a simpler interface.
Členem od Sep 12, 2017
238 příspěvků
Mar 02, 2021 at 06:18
first thing is regulation and broker type..one needs to be aware for how long is the broker functioning and is it reliable or not..
Členem od Dec 22, 2020
13 příspěvků
Mar 23, 2021 at 05:07
This manual system reminds me of my trades a few weeks back. Good work with this!
