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Looking for Broker
Nov 10, 2020 at 03:31
New to FX trading. Live in US, wanting to trade FX and Crypto. Anyone with a couple of years under their belt of trading experience, I would love to hear your opinion. Currently I use Lqdfx as my broker, they make me nervous bc they are based out of the Marshal Islands and can only fund account with BTC. So deposits and withdrawals you lose a good bit of money. Looking for broker that I could directly fund with bank account. Thanks in advance.
Mitglied seit Oct 13, 2020
27 Posts
Nov 19, 2020 at 12:44
Funding with bitcoin is actually secure and faster, there’s no reason to worry on that. But if you want a broker that allows funding directly from bank account you can try xm or fxview. These are offshore brokers too but regulated, so again no red flags. If you would want only a US based broker you might miss out on a lot of flexibility in trading like small account size and trading fees which only the ones outside US can legally provide. However I’m not sure if these brokers accept clients from US, you’ll have to check on that.
Mitglied seit Jul 19, 2020
283 Posts
Nov 19, 2020 at 17:15
A broker is the most important thing in forex trading. Without a broker, you can not trade in the forex market.
Mitglied seit Jul 20, 2020
278 Posts
Dec 06, 2020 at 10:20
You can not trade in the market without a broker. But choosing s broker is not so easy. You have to pick a regulated broker to make a profit from this risky market.
Mitglied seit Jun 22, 2020
69 Posts
Dec 09, 2020 at 06:46
GordonDenzil posted:"I recommend trading with FP Markets, It's regulated by ASIC and CYSEC (EU), so there is no price manipulation.
The minimum opening balance is $100, the spreads and commission offered are lower when compared to other ECN brokers."
Just checked with them, they seem good but I do think that commissions are a bit pricey, I would recommend fxview which is $2 RT, and also the minimum deposit is just 5.
Mitglied seit Feb 12, 2020
14 Posts
Dec 10, 2020 at 12:05
I recommend choosing a broker very responsibly. Because your trading results will greatly depend on this.
Dec 11, 2020 at 17:13
I trade with a reliable broker since I'm a scalper so spreads and execution is important, which is why I trade with FP Markets an ASIC regulated broker.
The spreads in major pairs like EURUSD, GBPUSD, etc... start from 0.0pips most of the day and the execution is really fast.
The spreads in major pairs like EURUSD, GBPUSD, etc... start from 0.0pips most of the day and the execution is really fast.
Dec 15, 2020 at 10:58
Yes, the choice of a broker is obviously very important. But there is something without which you shouldn't even start trading. This is Faith in yourself, and self-confidence. If you start a new business and do not believe in your victory, the result will be sad.
Mitglied seit Dec 05, 2020
76 Posts
Dec 16, 2020 at 07:15
Ebin posted:
I trade with a reliable broker since I'm a scalper so spreads and execution is important, which is why I trade with FP Markets an ASIC regulated broker.
The spreads in major pairs like EURUSD, GBPUSD, etc... start from 0.0pips most of the day and the execution is really fast.
I've heard this name pretty much. How about the withdrawals? Are they timely?
Dec 16, 2020 at 09:35
Yes, the choice of the broker is pretty much depends on you that how you can search on intternet and how to find a reliable and trusted broker. Always choose a broker with good online reputation with low spread and good customer support.
Dec 17, 2020 at 14:43
"I'm trading with FP Markets currently, and it seems reliable, no issues so far. The spreads start from 0pips in most major pairs like EURUSD, JPYUSD and GBPUSD.
During my initial stages, I had a lot of queries and their dedicated manager from customer service was really helpful and patient to solve any kind forex related questions.
During my initial stages, I had a lot of queries and their dedicated manager from customer service was really helpful and patient to solve any kind forex related questions.
Mitglied seit Jun 05, 2020
4 Posts
Dec 20, 2020 at 07:09
Steps to choose broker:
1. Fast Deposit (Within a day)
2. Fast Withdrawal (Within a day)
3. Low Spread
4. Fast Execution
1. Fast Deposit (Within a day)
2. Fast Withdrawal (Within a day)
3. Low Spread
4. Fast Execution
Mitglied seit Dec 05, 2020
76 Posts
Dec 22, 2020 at 06:25
Xazvier posted:"I'm trading with FP Markets currently, and it seems reliable, no issues so far. The spreads start from 0pips in most major pairs like EURUSD, JPYUSD and GBPUSD.
During my initial stages, I had a lot of queries and their dedicated manager from customer service was really helpful and patient to solve any kind forex related questions.
I have seen this broker's name a lot on the internet, how is your experience with the withdrawals?
Dec 22, 2020 at 12:10
Dictiony posted:
Without the help of a broker you never can be a successful trader and always choose a broker with good trading conditions like low spread and good customer support.
Totally! being a scalper, spreads and commissions eat up alot if looking at yearly performance which could have saved atleast half, led me to find low-cost broker (ended up with fxview), had demo and started live few months ago and wished I could have found them earlier to save alot of unnecessary costs. but what's gone is gone, experience matters.
