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Choosing the Right Broker

Jan 13, 2016 at 11:26
8,375 Angesehen
285 Replies
Mitglied seit Jul 20, 2020   232 Posts
Sep 08, 2020 at 19:11
Choosing the right broker is the most difficult task in this market. There are so many fake brokers in this market. You have to be very careful at the time of choosing the right broker. You can take help from the websites that provide broker reviews.
Mitglied seit Jul 19, 2020   318 Posts
Sep 10, 2020 at 12:20
Choosing a good broker is not an easy task at all. Many traders lose their money because of choosing the wrong broker. So, be careful when you are going to choose a broker for you. You can take help from those websites that provide broker reviews.
Mitglied seit Jul 19, 2020   298 Posts
Sep 10, 2020 at 12:49
Choosing a right broker is very important. Your money will be with the broker. So you need a trusted broker so that your money remains safe. A regulated and licensed broker is a good one to choose. You also need to see their spreads, leverage, margin and deposit and withdrawal facilities.
Mitglied seit Jul 19, 2020   788 Posts
Sep 11, 2020 at 01:31
Choosing a good broker is very important to get trading success. Brokers help a trader to do a lot of securities trading. We should choose a broker that allows the broker to trade with their honesty and friendship activities.
Mitglied seit Aug 28, 2020   37 Posts
Sep 11, 2020 at 11:38
I'm new to FX and have been doing demo for the last few months. Looking to go live and have shortlisted FP Markets and FXTM.

Both brokers have similar spreads and leverage, can anyone who has traded using both brokers recently share their experience?
Mitglied seit Aug 20, 2009   266 Posts
Sep 11, 2020 at 11:55
Ramierez posted:
I'm new to FX and have been doing demo for the last few months. Looking to go live and have shortlisted FP Markets and FXTM.

Both brokers have similar spreads and leverage, can anyone who has traded using both brokers recently share their experience?

I have used both and they are both good brokers. I would tend to favour FP markets a bit as their swaps seem to be slightly better, but you won't go wrong with either.
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Mitglied seit Jul 23, 2020   759 Posts
Sep 23, 2020 at 17:43
Downtobusines posted:
People spend too much time worrying about broker. Just get an ECN broker that has a good rating on MyFXBook. Then focus on trading
There are lot of scam broker in the market. They are stealing money from traders in various way. Don’t you think we should worry about that??
Mitglied seit Oct 05, 2020   65 Posts
Oct 14, 2020 at 04:19
It is good that you have started with a demo account. This is a good start and you can research more for the brokers.
Mitglied seit Jun 03, 2020   56 Posts
Oct 14, 2020 at 11:03
I would rate both of them as good brokers.
Mitglied seit Jun 22, 2020   39 Posts
Oct 19, 2020 at 10:53
Both are equally good. You can go for either.
Mitglied seit Jul 19, 2020   318 Posts
Oct 21, 2020 at 10:48
Choosing a good broker is not an easy task. You have to be very careful when you are going to choose a good broker. Because there are so many fake brokers which can put you in great danger.
Mitglied seit Jul 20, 2020   232 Posts
Oct 23, 2020 at 13:12
A good broker can make you rich. On the other hand, A bad broker can put your investment in a great danger. So, be careful when you choose a broker for you.
Mitglied seit Jul 23, 2020   869 Posts
Oct 23, 2020 at 17:21
GeorgeBischof posted:
Choosing a good broker is not an easy task. You have to be very careful when you are going to choose a good broker. Because there are so many fake brokers which can put you in great danger.
Most of time unregulated brokers are scam brokers. If you are investing in unregulated one, it would be up to you. Regulator will not help you if something goes wrong.
Mitglied seit Jul 19, 2020   298 Posts
Oct 24, 2020 at 10:55
While choosing broker avoid non regulated broker. Among regulated broker check the quality of the broker. If you like scalping you have to choose a broker that allows scalping. Requotes is also very irritating. Check for it.
Mitglied seit Jul 20, 2020   341 Posts
Nov 24, 2020 at 19:50
If you want to make money from this market, you need to choose the best and reliable broker from this market.
Mitglied seit May 13, 2020   128 Posts
Nov 25, 2020 at 10:52
Give yourself time to choose the right, reliable and safe broker, because a large part of your trading success will depend on it.
Mitglied seit Mar 16, 2020   54 Posts
Nov 27, 2020 at 04:09
trader needs to be careful while choosing a good reliable broker, I think traders should go for the regulated brokers.
Mitglied seit Nov 02, 2020   36 Posts
Nov 30, 2020 at 11:02
LyudmilLukanov posted:
GeorgeBischof posted:
Choosing a good broker is not an easy task. You have to be very careful when you are going to choose a good broker. Because there are so many fake brokers which can put you in great danger.
Most of time unregulated brokers are scam brokers. If you are investing in unregulated one, it would be up to you. Regulator will not help you if something goes wrong.

Well said. Unregulated brokers can't be totally relied upon. Regulated brokers like Fxview, ICM, Xm are much safer options to be with when choosing a broker.

Mitglied seit Apr 02, 2020   39 Posts
Nov 30, 2020 at 16:50
The most crucial part of trading is choosing the right broker. I trade with FP Markets an ASIC and CYSEC regulated broker. Since I scalp, the main criteria are spreads and execution.

The spreads in FP Markets start from low as 0pips and execution speed is faster when compared to other similar brokers.
Mitglied seit Apr 15, 2020   219 Posts
Dec 04, 2020 at 04:57
Finding the right broker is the most difficult task in this market. There are so many fake brokers in this market. Due to which many traders had lost their money. You have to be very careful at the time of choosing the right broker. You can take help from the websites that provide broker reviews. Take enough time to choose the right, reliable and safe broker because a large part of your trading success depends on it.
The more your practice, the more you learn.
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