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Choosing the Right Broker

Jan 13, 2016 at 11:26
9,297 Angesehen
272 Replies
Mitglied seit Mar 01, 2018   43 Posts
Feb 02, 2022 at 18:57
Try comparing Forex brokers for reliability and Terms of cooperation first. When trading on the Forex market, traders need to research, analyze, and compare brokers but this is time-consuming and difficult. When you are just starting, you may be unsure of what to look for. you can try leverage, minimum deposit, and spread as well as other factors you need to take into consideration as a trader when choosing your broker.
Have your trading charts ready!
Mitglied seit Apr 03, 2021   470 Posts
Feb 02, 2022 at 23:35
When traders already finding a good broker and them comfortable working with the broker hence usually will stick to using trading service, the good brokers also have good customers support for complaining when traders face the problem, and they get assistance to resolve the problem, but before choosing the broker usually trader will make research, about regulation, reviews, and learning from experience fellow trader, forum community is a great place to share and ask something
Mitglied seit Jun 19, 2020   38 Posts
Mar 02, 2022 at 09:57
While choosing a forex broker, I look for their deposit requirements, trading cost and also funding methods. Leaning towards crypto forex brokers like finprotrading these days, btc deposits/withdrawals are a bliss!
Mitglied seit Feb 16, 2022   119 Posts
Mar 30, 2022 at 11:20
Brokers work as an intermediary between market and traders. A scam broker will turn your life into a hell. So, avoid scam brokers and go for a regulated broker which provides high security of your fund. Security is a major issue when you have a large amount of capital. So, select your broker carefully and save your fund.
Mitglied seit Dec 21, 2020   36 Posts
Apr 04, 2022 at 06:37
To be honest, we can never decide what is right or wrong as it all comes down to what you want from a broker, is it good spreads, commission, or a solid platform? For me personally, i wanted a broker with whom i can trade at the lowest cost possible and thus with fxview, have low commission ($2 rt). So know your requirements first and the decide on a broker.
Mitglied seit Jan 18, 2022   48 Posts
Apr 08, 2022 at 13:01
One distinctive characteristic of a good broker is that they will remain transparent about their conditions. This is something I really appreciated about coinexx.
Mitglied seit Apr 05, 2021   29 Posts
Apr 08, 2022 at 16:13
Akasuki posted:
Exactly, forex trading is really complicated if you can't combine brokers.

I prefer diversification, also when it comes to brokers.
Ask, and you will receive; seek, and you will find; knock, and it will be opened to you.
Mitglied seit Apr 03, 2021   470 Posts
Apr 13, 2022 at 00:52
Adamandeve posted:
Akasuki posted:
Exactly, forex trading is really complicated if you can't combine brokers.

I prefer diversification, also when it comes to brokers.
Each trader has their own option to select one or more brokers.
Before I am also using several brokers, but now only use one broker FXOpen.
Mitglied seit Feb 15, 2022   219 Posts
Sep 04, 2022 at 09:24

If you run a survey over the problems that forex traders are suffering from, most ones will come out regarding scam broker issues.
Mitglied seit Feb 15, 2022   183 Posts
Sep 17, 2022 at 18:15
If the market moves to the wrong direction, then it’s not your fault because if such a situation happens, you have to apprehend that there is a downturn in world economy. You have to be careful if something like happens in the market. And stay patient.
Mitglied seit Aug 05, 2021   401 Posts
Sep 22, 2022 at 00:16
Marcolis posted:

If you run a survey over the problems that forex traders are suffering from, most ones will come out regarding scam broker issues.

I've seen so many scam reports lately. The bad thing is that these scams can be avoided, but most people just don't take the time to do the research to figure out what is and isn't trustworthy. Too many are eager to fall for those too good to be true promises and wind up losing thousands.
Mitglied seit Aug 15, 2022   7 Posts
Sep 22, 2022 at 06:33
HeavLeighGill26 posted:
Marcolis posted:

If you run a survey over the problems that forex traders are suffering from, most ones will come out regarding scam broker issues.

I've seen so many scam reports lately. The bad thing is that these scams can be avoided, but most people just don't take the time to do the research to figure out what is and isn't trustworthy. Too many are eager to fall for those too good to be true promises and wind up losing thousands.


So true for all of fx trading. sadly most people want to get rich quick with little effort and it is these people that fall for the scams. Nothing comes easy
Mitglied seit Aug 05, 2021   401 Posts
Sep 22, 2022 at 16:19


If you run a survey over the problems that forex traders are suffering from, most ones will come out regarding scam broker issues.
I've seen so many scam reports lately. The bad thing is that these scams can be avoided, but most people just don't take the time to do the research to figure out what is and isn't trustworthy. Too many are eager to fall for those too good to be true promises and wind up losing thousands.
So true for all of fx trading. sadly most people want to get rich quick with little effort and it is these people that fall for the scams. Nothing comes easy
& many of the scammers offer promises that are way too good to be true! People want to believe they've found a solution to their financial problems so badly that they funnel thousands into these scams. I read one report where he lost his apartment because of it and sold everything he owned for a girl from China that was supposed to make him rich. It's heartbreaking, but people also really need to think about these things because a lot of them are obvious.
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