dennisstanley posted: Just did some more digging, and Fxview offers something called ‘Negative balance protection’? What is that, is it like even if I bet against the tide, my balance will never be in minus?
Yeah, I guess that’s what that means. I’ve never been so careless with my capital that it stood a chance of going negative but to answer your question, yes, that’s what negative balance protection means.
@Marlon But how good or bad a platform can turn out to be is another thing right. I mean you can’t just judge a broker based on your individual liking. There has to be more to account for, be it regulation, commission or even spreads. What brokers do you use?
irkedduff posted: @Marlon But how good or bad a platform can turn out to be is another thing right. I mean you can’t just judge a broker based on your individual liking. There has to be more to account for, be it regulation, commission or even spreads. What brokers do you use?
I think we got off track here. That was not what I was implying. Of course these things matter otherwise why would people go for a broker in the first place. Their services and conditions do matter. As for me, I’ve been using Instaforex and Fxview because of their very tight spreads. The fact that they are regulated sure comes as a bonus.
The time taken to withdraw funds depends on the funding method you have chosen. Some methods might take more than a day to process withdrawals. But as long as you are using reputable brokers, I don’t think this must be a matter of concern because you know that you will get your funds in the minimum possible time.
There can be a huge difference between what a broker claims and what it actually offers. Instead of going by what a broker is saying, you could maybe try some of them with low amounts to come to a conclusion. For me also, fast withdrawals are an important consideration, so I found Fxview and Pepperstone quite helpful in this regard. But it was only after I had used several other brokers who only made claims and did nothing like that.
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