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Best Broker
Mitglied seit Aug 05, 2021
394 Posts
Sep 21, 2022 at 21:10
jiangq posted:
While selecting a broker, be aware about the things a good trader should possess - low spreads & commissions, low deposits and fast withdrawals. And compare the brokers comprehensively before choose it.
Agree with this. Along with withdrawal fees or hidden fees, I think cost and accessibility for withdrawals are super important. You also want to have easy to reach customer support in case you ever have a problem. The I move on to look at things like leverage or to make sure they offer everything I'm looking to trade.
Mitglied seit Jan 20, 2022
30 Posts
Sep 27, 2022 at 08:06
For me the best broker is the one that offers me good trading conditions, put no restriction on my trading style and pays me on time.
Oct 09, 2022 at 06:28
Choosing the correct broker is one of the most important thing to consider if you are trading in a LIVE account and especially, if you are using automated or semi-automated type of trading systems. For DEMO account, most brokers work the same.
But for trading REAL money, a trader need to be really careful in choosing the broker based on amount of capital he wants to invest, the trading strategy used, regulation, spread, slippage and leverage as well. For a day trader, any regulated broker with average spread is okay. But for a trader using a scalping strategy or high frequency trading etc, having very low spread is very important.
Also, it is important to note that even many regulated brokers run fishy back end techniques to make the trader loose more and more until he blows his entire account balance which are almost impossible to figure out by a regular trader from MT4 terminal. Usually brokers switch between A-Book and B-Book type of every MT4 trading account in the backend based on profits and losses generated in the account at the beginning of the trading.
So deposit a small amount and live monitor all trades while trading and based on your observation, make any further deposits, otherwise, switch to any other regulated broker. That's all I can based on my experience so far.
But for trading REAL money, a trader need to be really careful in choosing the broker based on amount of capital he wants to invest, the trading strategy used, regulation, spread, slippage and leverage as well. For a day trader, any regulated broker with average spread is okay. But for a trader using a scalping strategy or high frequency trading etc, having very low spread is very important.
Also, it is important to note that even many regulated brokers run fishy back end techniques to make the trader loose more and more until he blows his entire account balance which are almost impossible to figure out by a regular trader from MT4 terminal. Usually brokers switch between A-Book and B-Book type of every MT4 trading account in the backend based on profits and losses generated in the account at the beginning of the trading.
So deposit a small amount and live monitor all trades while trading and based on your observation, make any further deposits, otherwise, switch to any other regulated broker. That's all I can based on my experience so far.
Artificial General Intelligence
Oct 09, 2022 at 23:40
There are so many traders maybe still looking for the best brokers based on their preferences, but I already choose FXOpen as my best broker because the company included old company and regulated by top ties regulation agencies, provided many instrument trading and low spread even could be zero, withdraw money smoothly to process.
Mitglied seit Jul 23, 2020
816 Posts
Nov 09, 2022 at 15:29
Finding a dedicated trading broker is difficult but not impossible.Eurotrader, an ECN-type broker, is free of scamming and offers lots of trading facilities including high leverage, narrow trading spread, flexible margin and high security of funding.
Mitglied seit Feb 16, 2022
113 Posts
Nov 09, 2022 at 17:02
Every trading platform is adorned with candlesticks, which are formed based on the market movement.
Dec 02, 2022 at 12:10
A wise pick is FP Markets. My RAW (ECN) account has been trading for a while, and its spreads are among the narrowest available (at least in the major pairs; the averages are zero for the most part of the day in EURUSD).
The commission fee for their raw spreads account is $6 per round lot, which is a little less expensive than that of other ECN brokers offering comparable services.
The commission fee for their raw spreads account is $6 per round lot, which is a little less expensive than that of other ECN brokers offering comparable services.
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