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Choosing the Right Broker

togr (togr)
Feb 19 2019 at 11:23
4862 Posts
ForexScreamer posted:
togr posted:
ForexScreamer posted:
There are a few that accept US traders. FX Choice is one which is why I'm interested in them.


regulated on Belize...


Is that good or bad?


It is not proper regulation

ovisun
Feb 20 2019 at 05:30
427 Posts
Maybe it is not proper regulation, but they have good execution and I never had problems withdrawing money from them, even bigger amounts, not just few hundreds.

Ognjan
Feb 20 2019 at 06:54
8 Posts
Only proper regulation is in US, Aussie, UK. Can't even trust EU countries as Cyprus is in EU and they have a load of rubbish brokers.

CRPA9
Feb 22 2019 at 07:34
21 Posts
Always choose a true ECN broker :)

AndrewBernard
Feb 24 2019 at 07:14
2 Posts
Is it normally different withdrawing more than a few hundred? I withdrew 500 EUR profit a few times from Naga Markets and no problems whatsoever. However for easyMarkets I tried to withdraw 1k+ and there was a big delay then excuses from their side. Anyone else had that?

jamesgwyther
Feb 24 2019 at 07:36
289 Posts
ovisun posted:
Maybe it is not proper regulation, but they have good execution and I never had problems withdrawing money from them, even bigger amounts, not just few hundreds.


Then you are ok. No reason to leave imo

forex_trader_[565984]
Feb 24 2019 at 08:23
144 Posts
Choosing the right broker is probably one of the most important factor in order to succeed in forex trading in long run.

As long as you are making losses in your account, most of the regulated and well known brokers may work just normal. Once you start making consistent profits, you can see the true face of each broker.

AniLorak
Feb 25 2019 at 11:57
920 Posts
Q_FxTrader posted:
Choosing the right broker is probably one of the most important factor in order to succeed in forex trading in long run.

As long as you are making losses in your account, most of the regulated and well known brokers may work just normal. Once you start making consistent profits, you can see the true face of each broker.


So true; that’s why we traders need to select our broker so sincerely. Using a market maker broker can be risky.

Mohammadi
Feb 28 2019 at 10:39
886 Posts
In order to me, the best broker is a broker which for all time make sure best trading environment for using any kinds of trading techniques by providing lowest trading spreads as well as minimum margin requirements. And they does not restrict any kinds of trading strategies with scalping and hedging.

Muscat
Feb 28 2019 at 10:56
11 Posts
I think that all broker allow hedging except for US broker. Hedging is not allowed in the US. I do not know why this seems very strange to me.

Choosing the best broker is important but as long as it is regulated and spreads are <1pip for most pair then don't worry about it

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