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 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.
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. 😉
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.
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.
WARNUNG VOR HOHEM RISIKO: Der Devisenhandel birgt ein hohes Risiko, das möglicherweise nicht für alle Anleger geeignet ist.
Der Einsatz von Leverage schafft zusätzliches Risiko und Verlustgefahr. Bevor Sie sich für den Devisenhandel entscheiden, sollten Sie Ihre Anlageziele, Ihr Erfahrungsniveau und Ihre Risikotoleranz sorgfältig prüfen.
Sie könnten Ihre ursprüngliche Investition teilweise oder ganz verlieren. Investieren Sie kein Geld, das Sie sich nicht leisten können, zu verlieren. Informieren Sie sich über die mit dem Devisenhandel verbundenen Risiken und lassen Sie sich von einem unabhängigen Finanz- oder Steuerberater beraten, wenn Sie Fragen haben.
Alle Daten und Informationen werden ausschließlich zu Informationszwecken bereitgestellt und sind nicht für Handelszwecke oder Beratung gedacht.
Die vergangene Performance ist kein Indikator für zukünftige Ergebnisse.