Precisely because the broker Amarkets offers the minimum spreads I made a choice in his direction
i would strongly advice any trader to consider the facts before attempting to trade binary options. There are literally almost ZERO brokers who are trustworthy in their binary offerings , and there is no reliable way to vet them in advance –similar to how trading Forex itself was 10 years ago.
I'm a new trader looking for a regulated and reliable broker to go live, did my research on broker and shortlisted HotForex, FXPro, IC Markets and FP Markets.
Any traders currently using or have used these broker, reviews on their spreads, commissions and reliability. MY Fx book
Any traders currently using or have used these broker, reviews on their spreads, commissions and reliability. MY Fx book
Jul 06 2020 at 11:43
lucasser posted:
I'm a new trader looking for a regulated and reliable broker to go live, did my research on broker and shortlisted HotForex, FXPro, IC Markets and FP Markets.
Any traders currently using or have used these broker, reviews on their spreads, commissions and reliability. MY Fx book
I use all 4 and they are all good. My preference is for IC markets in conjunction with Paybackfx. FP Markets is a close second followed by the other 2.
Wealth Creation Through Technology
I can also vouch for FP Markets. I think it is not about finding the best broker, but it is about looking for the broker that suits your account and expectations very well. I always gave priority to keeping my account safe while focusing on the long-term trading. I currently have accounts with XTB, FP Markets and Fxview.
So far i'm trading with FXTM and XM, but also looking for a good broker that can offer a managed account with proven stable results.
Can anyone recommend such?
Can anyone recommend such?
Jul 08 2020 at 04:58
vosrgen posted:
So far i'm trading with FXTM and XM, but also looking for a good broker that can offer a managed account with proven stable results.
Can anyone recommend such?
Actually, FXTM is ok for managed accounts. I have some 'throw-away' money with Alpari(they are the same company as FXTM) in a managed account that is doing ok.
Wealth Creation Through Technology
The main thing is not to rush and choose a broker that will really give you a good opportunity to make money
From my experience dealing with multiple brokers, I would recommend FP Markets. Their Raw Spreads account (ECN) has some of the tightest spreads with EURUSD averaging 0.0 pips.
They are reliable too as FP Markets is regulated by ASIC and has been active for more than 15 years.
They are reliable too as FP Markets is regulated by ASIC and has been active for more than 15 years.
Jul 09 2020 at 14:42
jamesgwyther posted:marco_mmbiz posted:Cooper078 posted:
My recommendation is FP Markets (ASIC regulated), mainly for 2 reasons.
Trading conditions - They have some of the lowest spreads in their ECN account, EURUSD averages 0.0 pips for most parts of the day.
Customer support experience: This is really their USP, they take the extra effort to help their clients. I would suggest other traders to try FP Markets as well.
Non-Australian traders are not allowed to use ASIC-regulated brokers. If the broker is still allowing you to open an ASIC-account with them although you're not from Australia then stay away! There've been a lot of complaints for ASIC-regulated brokers lately. It's just not allowed since January 2020.
What about IC Markets?
That most probably depends on where you are from. If you're not from Australia you're not allowed (or it's not recommended) to use an Australian broker account. You need to have a look on your T&Cs which you'll get when opening an account on a broker. For example: on XM I can only choose between their IFSC or CySEC accounts. ASIC is not available for me. The same should go for IC Markets, FP Markets and so on. 😉
Here you can find some good financial regulators around the globe:
https://en.wikipedia.org/wiki/List_of_financial_regulatory_authorities_by_country
patience is the key
Given the number of brokers, its a tough task to choose a broker that suits a trader's needs. I have been trading since a good time with Turnkey forex and they have been able to live upto most of my expectations in pretty much all major aspects be it tight spreads, low commission or quick withdrawals. They've been a good choice by far.
right now almost thousands of online broker are available in this retail market place and they offer profitable bonus for the traders who are particularly newcomers. but I have seen according to my trading experience the bonus we get from our trading brokers practically cannot use in a proper way due to many restrictions.
I mostly scalp in the Majors, Looking for a broker that offers really tight spreads and should be stable during high volatile market movements.
Any recommendations? Preferably regulated brokers only
Any recommendations? Preferably regulated brokers only
Based on my experience FP Markets has been the best for me. I mainly scalp and their ECN spreads are the best out there.
They are regulated by Asic and have been operational since 2005, so very reliable too.
They are regulated by Asic and have been operational since 2005, so very reliable too.
My pick is FP Markets, mainly because of their trading conditions and reliability.
Their ECN Spreads are lowest out there compared to other similar brokers. They have been operational since 2005 and are regulated by ASIC.
Their ECN Spreads are lowest out there compared to other similar brokers. They have been operational since 2005 and are regulated by ASIC.
according to me, the best broker doesnt restrict any kind of trading strategies with scalping and hedging. so before choosing a broker take more time.
Jul 18 2020 at 04:04
IC Markets are the best,
according to me, every broker is good enough if you have good knowledge and experience, you should choose your broker according to your trading conditions.
Jul 21 2020 at 06:26
Carlos122 posted:
I mostly scalp in the Majors, Looking for a broker that offers really tight spreads and should be stable during high volatile market movements.
Any recommendations? Preferably regulated brokers only
XM and Fxpro both have good spreads remain as low as 0.5-0.7 pips. Both are Cysec regulated. Though, i have seen spreads go wild during volatile session in fxpro, so searching for another broker. Another Cysec regulated broker i came across, fxview. Spreads on the website look good around 0.2-0.3 pips, will test them now, also keeping ICM in the list.
