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How can we find a reliable platform?

candicesummer
Oct 03 2018 at 11:54
1 Posts
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
estraub
Oct 04 2018 at 07:44
23 Posts
And also what kind of order execution (DD/NDD/DMA/STP/ECN) is the broker using.
Vivianng
Oct 05 2018 at 06:59
10 Posts
@estraub What's the difference between that? I know STP and ECN, what about the rest?
frank (crabby12)
Oct 15 2018 at 06:04
9 Posts
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.
Vivianng
Oct 15 2018 at 07:23
10 Posts
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!
Tiffany (TiffanyK)
Oct 17 2018 at 12:47
427 Posts
That is a good list candicesummer I believe it should be combined with the topic Best Broker for a Newbie
Accept the loss as experience
AkbarM
Oct 23 2018 at 13:35
9 Posts
many trader worry too much about broker. Just pick one of the big ones that is regulated. spend the time you save worrying about how to actually trade!!!!!!
estraub
Oct 25 2018 at 06:07
23 Posts
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.
yellowman94
Oct 25 2018 at 12:19
41 Posts
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.
Tiffany (TiffanyK)
Oct 25 2018 at 14:10
427 Posts
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
Hardolian
Dec 02 2019 at 17:15
30 Posts
There are some points to check when choosing the broker. First of all, you need to explore reviews and if possible connect with traders that are already working with that broker. Secondly, check agreement and fees policy. And the last one, check how their support service works, as it's one of the best indicators of brokers reliability. I was always guided by these three points and never failed, so I think they work.
Mohammadi
Jan 15 2020 at 16:16
886 Posts
sometimes we try to confirm brokers real performance by using demo trading , but in practical lots of difference there is between demo and live on a broker.
Wrathdragon
Jan 19 2020 at 15:06
26 Posts
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.
Jack Smith
forex_trader_[745947]
Jan 20 2020 at 11:15
57 Posts
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
Adam Cantor (AdamCantor)
Feb 11 2020 at 15:04
98 Posts
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.
Mateusz36354
Feb 18 2020 at 13:45
15 Posts
Adam Cantor (AdamCantor)
Feb 19 2020 at 13:26
98 Posts
regulation isnot everything when it comes to the service - i learnt this the hard way
Treeny
Feb 22 2020 at 16:41
213 Posts
Some of the worst brokers out there are regulated ones....
Trallod
Feb 23 2020 at 12:03
24 Posts
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
Dumuro (Dumuro)
Feb 24 2020 at 10:41
26 Posts
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
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