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
And also what kind of order execution (DD/NDD/DMA/STP/ECN) is the broker using.
@estraub What's the difference between that? I know STP and ECN, what about the rest?
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.
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!
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
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!!!!!!
TiffanyK posted:No such thing as a best for all broker... What's good for you may not be good for me and vice versa.
That is a good list candicesummer I believe it should be combined with the topic Best Broker for a Newbie
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.
Oct 25 2018 at 12:19
estraub posted: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.TiffanyK posted:No such thing as a best for all broker... What's good for you may not be good for me and vice versa.
That is a good list candicesummer I believe it should be combined with the topic Best Broker for a Newbie
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.
estraub posted: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”.TiffanyK posted:No such thing as a best for all broker... What's good for you may not be good for me and vice versa.
That is a good list candicesummer I believe it should be combined with the topic Best Broker for a Newbie
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.
Accept the loss as experience
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.
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.
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.
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
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.
Feb 18 2020 at 13:45
it is interesting
Feb 19 2020 at 13:26
regulation isnot everything when it comes to the service - i learnt this the hard way
Some of the worst brokers out there are regulated ones....
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
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
