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Looking for Broker
Mitglied seit Jul 20, 2020
286 Posts
Jan 18, 2021 at 02:17
If the broker does not provide the right service, it is never possible to achieve success. So it is very important to consider the details of the broker before choosing a broker.
Jan 29, 2021 at 07:14
LeviSievwright5 posted:
If the broker does not provide the right service, it is never possible to achieve success. So it is very important to consider the details of the broker before choosing a broker.
What is your criteria of choosing a broker?
Mitglied seit Jan 17, 2021
29 Posts
Jan 29, 2021 at 18:52
Faujinn posted:
I think all the main criteria for choosing a broker are reliability, security, good reputation and conditions.
any names you can think of Faujinn, maybe the name starts with "A'...hahahaha
Mitglied seit Nov 03, 2020
63 Posts
Feb 01, 2021 at 07:23
You can choose several brokers, replenish the minimum deposit and test it
Feb 02, 2021 at 09:41
The best broker is a broker which does not restrict any kinds of trading techniques with scalping and hedging. a best trading platform for all time make sure best trading environment for using any kinds of trading techniques by providing lowest trading spreads as well minimum margin requirements. so when choosing a broker we the traders have to be more careful.
Mitglied seit Sep 18, 2020
30 Posts
Feb 02, 2021 at 11:02
Couple of options out there but all I’d suggest to you is go with some broker who is regulated and is offering good trading conditions. I’ve been with a few in the past and its been a rough ride with some. Finally with fxview and this broker is kinda pretty good till date, tight spreads, low on commission and timely withdrawals.
Apr 20, 2021 at 07:58
If you are looking for a broker, I recommend checking the Reviews section
https://www.myfxbook.com/reviews/brokers/9,1
https://www.myfxbook.com/reviews/brokers/9,1
Mitglied seit Dec 18, 2020
28 Posts
Apr 21, 2021 at 06:17
Here’s my checklist for picking a broker:
Low spreads and commissions:No matter which trading strategy you adopt, you would want to save on your trading cost. Some that I know who offer low spreads are a) pepperstone with average spread of 0.16 pips b) fxpro with average 0.45 pips c) turnkey forex with average 0.10 pips d) fp markets 0.45 pips.
However during highly volatile trading hours, the spreads with all these brokers can even go down to 0.0 pips.
Micro lots: Most brokers I mentioned above offer a smaller trade size of 0.01 lot which is ideal for beginners. You can even use leverage and observe how your trade gets affected without risking a whole lot of your capital. So that’s gonna vary with every broker.
Regulations: it is very important to use a regulated broker as you will eliminate at least the chances of getting scammed.
Good customer support: As a newbie it’s very important to use a broker that is responsive. Don’t go for one that doesn’t have a live chat option.
After this, all you need to do is make sure your broker offers the currency pairs and indicators that you like most!
Low spreads and commissions:No matter which trading strategy you adopt, you would want to save on your trading cost. Some that I know who offer low spreads are a) pepperstone with average spread of 0.16 pips b) fxpro with average 0.45 pips c) turnkey forex with average 0.10 pips d) fp markets 0.45 pips.
However during highly volatile trading hours, the spreads with all these brokers can even go down to 0.0 pips.
Micro lots: Most brokers I mentioned above offer a smaller trade size of 0.01 lot which is ideal for beginners. You can even use leverage and observe how your trade gets affected without risking a whole lot of your capital. So that’s gonna vary with every broker.
Regulations: it is very important to use a regulated broker as you will eliminate at least the chances of getting scammed.
Good customer support: As a newbie it’s very important to use a broker that is responsive. Don’t go for one that doesn’t have a live chat option.
After this, all you need to do is make sure your broker offers the currency pairs and indicators that you like most!
Apr 27, 2021 at 12:18
My choice is pretty simple and I am sure most of the traders will agree with me. If a broker is simply regulated, has better support who responds you timely and offer decent conditions then you can think of choosing them after researching about them thoroughly. However, with all these facilities also, one’s experience may differ but to my experience, I have been trading with fxview all this while and they fulfill my trading needs perfectly.
Mitglied seit Aug 27, 2017
875 Posts
May 03, 2021 at 09:52
you should choose the broker which is more appropriate to the concept of trading that will be used , if love doing scalping should choose the broker which allows trading concept such as this.
keeping patience.......
Mitglied seit Dec 05, 2020
76 Posts
May 06, 2021 at 11:42
Imamul posted:
the broker can be good if there is security of funds including a wide range of trading facilities.
Security comes automatically if you're with a regulated broker.
Mitglied seit Jan 17, 2021
29 Posts
May 07, 2021 at 22:31
Jude_craig posted:Imamul posted:
the broker can be good if there is security of funds including a wide range of trading facilities.
Security comes automatically if you're with a regulated broker.
if it is regulated BUT keep it in mind there is a max amount that you can safeguard even if your broker fails...it is usually around 100k
Mitglied seit Jul 23, 2020
696 Posts
May 07, 2021 at 23:15
GordonDenzil posted:
What kind of broker are you looking for? If your a beginner choose a broker with good regulation that is suitable.
Never trade with an unregulated broker. They often involve in scam activities.
May 10, 2021 at 10:29
In this market place from all important deals brokers choosing a is more important, because the broker can affect the result of our trading with certainly , we the traders should choose the broker that is more appropriate to the concept of trading that will be used , if you love scalping should choose the broker that allows trading concept such as this.
Mitglied seit Mar 23, 2020
20 Posts
May 24, 2021 at 07:09
In my opinion you first need to know the amount of money you will put in, if you deposit 500€ u should not go with a 1:30 leverage broker because the margin will be very high and at most u can open 2 or 3 trades with the lot 0.01, if instead if your deposit is very high you can select a safe and regulated broker, however i'm not telling you that only low leverage broker are safe, there also high leverage (1:500) broker very safe, in conclusion i will summarise the concept:
Deposit > 10.000 High trusted broker (They always have 1:30 as leverage) example: Admiral Markets ecc...
Deposit< 10.000 Trusted and regulated broker with high leverage (1:200 - 1:500 - 1:1000) example: Roboforex that offer a large selection of leverage or Alpari ecc...
The broker that i mentioned are only example of broker that i trust, if you choose them i advise you to go and read some review so, you can understand if they are what you are looking for.
Regards,
Federico
Deposit > 10.000 High trusted broker (They always have 1:30 as leverage) example: Admiral Markets ecc...
Deposit< 10.000 Trusted and regulated broker with high leverage (1:200 - 1:500 - 1:1000) example: Roboforex that offer a large selection of leverage or Alpari ecc...
The broker that i mentioned are only example of broker that i trust, if you choose them i advise you to go and read some review so, you can understand if they are what you are looking for.
Regards,
Federico
Experience is the hardest teacher because she gives the test first, the lesson afterward.
