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How can we find a reliable platform?
Mitglied seit Sep 21, 2018
9 Posts
Oct 03, 2018 at 11:54
When choosing a FOREX broker, you should always consider security, support, fees and regulations before you decide.
So in order to find a regulated forex broker with a great reputation, consider these things:
Where are the broker regulated
FCA
FSA
CySEC
FINRA
CFTC
ASIC
How many years have they been in business?
Have they survived bear markets, and big client losses?
How much do they have in deposit guarantee?
Are they holding you account deposit in a segregated bank?
What support opportunities do they offer?
When you have answered these first questions, you can begin to compare spreads, fees, inactivity fees, charting software and anything else that might also be important for you as a trader.
When you compare the best and regulated forex brokers you should consider:
Spreads
Trading fees
Inactivity fees
Account fees
Charting software
So in order to find a regulated forex broker with a great reputation, consider these things:
Where are the broker regulated
FCA
FSA
CySEC
FINRA
CFTC
ASIC
How many years have they been in business?
Have they survived bear markets, and big client losses?
How much do they have in deposit guarantee?
Are they holding you account deposit in a segregated bank?
What support opportunities do they offer?
When you have answered these first questions, you can begin to compare spreads, fees, inactivity fees, charting software and anything else that might also be important for you as a trader.
When you compare the best and regulated forex brokers you should consider:
Spreads
Trading fees
Inactivity fees
Account fees
Charting software
Oct 15, 2018 at 06:04
Vivianng posted:
@estraub What's the difference between that? I know STP and ECN, what about the rest?
Certain brokers work as Market Makers and have fixed spreads, others provide STP or ECN accounts with direct market access and offer much more underlying assets for trading. This website https://fx-list.com/ should help you find the most suitable Forex Broker to meet your needs and requirements. There are several sections and filters on the left menu, use them to form a list of entities with appropriate parameters and characteristics. If you find a broker you used or continue to work with, please share some experience and leave a review about it. That would be helpful for all traders out there.
Oct 15, 2018 at 07:23
crabby12 posted:Vivianng posted:
@estraub What's the difference between that? I know STP and ECN, what about the rest?
Certain brokers work as Market Makers and have fixed spreads, others provide STP or ECN accounts with direct market access and offer much more underlying assets for trading. This website https://fx-list.com/ should help you find the most suitable Forex Broker to meet your needs and requirements. There are several sections and filters on the left menu, use them to form a list of entities with appropriate parameters and characteristics. If you find a broker you used or continue to work with, please share some experience and leave a review about it. That would be helpful for all traders out there.
Now I know DD= Dealing Desk, NDD = Non Dealing Desk, DMA= Direct Market Access!
Anyway, thank you Frank!
Oct 25, 2018 at 06:07
TiffanyK posted:
That is a good list candicesummer I believe it should be combined with the topic Best Broker for a Newbie
No such thing as a best for all broker... What's good for you may not be good for me and vice versa.
So, no. However, this list is a good place to start when looking for a reliable broker. From then on it's all about that broker having the best conditions for your trading style and needs.
Mitglied seit Oct 09, 2018
41 Posts
Oct 25, 2018 at 12:19
estraub posted:TiffanyK posted:
That is a good list candicesummer I believe it should be combined with the topic Best Broker for a Newbie
No such thing as a best for all broker... What's good for you may not be good for me and vice versa.
So, no. However, this list is a good place to start when looking for a reliable broker. From then on it's all about that broker having the best conditions for your trading style and needs.
couldn't agree more. everyone has different preferences and requirement. all the brokers in the market are working to stay and make profit. so, what suits one , may not suit the other.
Oct 25, 2018 at 14:10
estraub posted:TiffanyK posted:
That is a good list candicesummer I believe it should be combined with the topic Best Broker for a Newbie
No such thing as a best for all broker... What's good for you may not be good for me and vice versa.
So, no. However, this list is a good place to start when looking for a reliable broker. From then on it's all about that broker having the best conditions for your trading style and needs.
That is 100% true estraub – if I see my broker as the best one you may have different criteria’s and don’t see it that good as I do. I was just mentioning that the current topic we are discussing at with subject : “How can we find a reliable platform” could be combined with topic with subject : “Best Brokers for Newbie”.
Accept the loss as experience
Mitglied seit Nov 15, 2019
23 Posts
Jan 19, 2020 at 15:06
First of all I pay attention to the feedback and descriptions on the forums, after that I read the agreement and test the broker's platform for a demo, and the next stage is a deposit, a small test period and the subsequent withdrawal of funds, and if everything went without questions, then you are on top of it and you can build a further action plan and raise capital for more serious work.
forex_trader_745947
Mitglied seit Jul 08, 2019
54 Posts
Jan 20, 2020 at 11:15
1: Highly regulated
2: well known
3: No Major negative report
3: Good customer support
4: And they've true ECN or STP account.
That's all
2: well known
3: No Major negative report
3: Good customer support
4: And they've true ECN or STP account.
That's all
Mitglied seit Mar 18, 2019
97 Posts
Feb 11, 2020 at 15:04
candicesummer posted:
When choosing a FOREX broker, you should always consider security, support, fees and regulations before you decide.
So in order to find a regulated forex broker with a great reputation, consider these things:
Where are the broker regulated
FCA
FSA
CySEC
FINRA
CFTC
ASIC
How many years have they been in business?
Have they survived bear markets, and big client losses?
How much do they have in deposit guarantee?
Are they holding you account deposit in a segregated bank?
What support opportunities do they offer?
When you have answered these first questions, you can begin to compare spreads, fees, inactivity fees, charting software and anything else that might also be important for you as a trader.
When you compare the best and regulated forex brokers you should consider:
Spreads
Trading fees
Inactivity fees
Account fees
Charting software
yes good post there, i agree ...and agree that regulation is important but i have still had issues (delays with withdrawals as well as trade discrepancies) with a regulated broker, and not with unregulated. you get good and bad of both and we must not forget that.
Mitglied seit Mar 18, 2019
97 Posts
Feb 19, 2020 at 13:26
regulation isnot everything when it comes to the service - i learnt this the hard way
Feb 23, 2020 at 12:03
Choosing a reliable broker is very essential, as it determines a lot with regards to your success as a trader. There are so many brokers out there, but it's iportant to first look at whether a broker is regulated or not. You should also consider the fees that are charged on transactions, and the reviews that other traders have concerning the broker
Feb 24, 2020 at 10:41
Finding a reliable broker is very important, since it determines how you succeed as a trader. One thing you should carefully consider is the kind of reviews that traders have left for any particular broker. Be more keen on the negative reviews and if they are too much, flee for your life. Signing up with a regulated broker is the safest action you can take. Ensure you go through the terms and conditions in advance
Feb 26, 2020 at 06:34
Everyone's concerned points and trading strategy are different. Some people may spend time looking many others' comments and experiences on different brokers, but those aren't the real things happened to you and then it maybe turns out worry too much. Finally one should look back and the most important still rely on self investigation. For me at least regulated broker is the first step you can prevent and reduce certain potential risks.
Mitglied seit Nov 06, 2018
81 Posts
Mar 06, 2020 at 15:54
candicesummer posted:
When choosing a FOREX broker, you should always consider security, support, fees and regulations before you decide.
So in order to find a regulated forex broker with a great reputation, consider these things:
Where are the broker regulated
FCA
FSA
CySEC
FINRA
CFTC
ASIC
How many years have they been in business?
Have they survived bear markets, and big client losses?
How much do they have in deposit guarantee?
Are they holding you account deposit in a segregated bank?
What support opportunities do they offer?
When you have answered these first questions, you can begin to compare spreads, fees, inactivity fees, charting software and anything else that might also be important for you as a trader.
When you compare the best and regulated forex brokers you should consider:
Spreads
Trading fees
Inactivity fees
Account fees
Charting software
Check out review sites such as Forex Peace Army and read reviews and you'll be able to find your answer.
