Best Broker for a Newbie

Jun 30, 2012 at 03:35
Vistas 16,509
327 Replies
Miembro desde Nov 26, 2018   posts 10
Apr 07, 2020 at 12:16
if you are a newbie it Is very important to note that regulation is the most important factor while choosing a broker, since your funds will be safe with them. after this, some other important things to consider are spreads, order execution(no delays or requotes or slippage) and commission charges.
Here some of the brokers I like: Pepperstone, Fxpro, Tickmill.
But I would recommend you to dyor before choosing any of them.
Miembro desde Aug 09, 2017   posts 785
Apr 23, 2020 at 15:29
Before large investments we generally open a demo account in a broker to see the performance how it works. But I have seen, after large investments brokers attitude changes sometimes that is not available in micro accounts.
Miembro desde Feb 13, 2017   posts 251
Apr 23, 2020 at 15:45
According to my experience. I can recommend :

Icmarkets, pepperstone, ATC brokers, FC stone, admiral markets, interactive brokers. Trade max, Lmax.

And some famous brokers that you must stay away from:
Octafx. FBS. Traders trust, Fxopen( real02 servers cent) , weltrade, fortfs. ...So be careful what you choose .
Miembro desde Apr 15, 2020   posts 83
Apr 24, 2020 at 06:24
As for me, it is better for a beginner to choose a broker who offers help from managers, small leverage, and a large set of financial instruments?
Miembro desde Aug 09, 2017   posts 785
Apr 24, 2020 at 15:31
Nowadays it’s very difficult to consider a broker as a best broker, because lots of trading brokers are available in retail market place and most of them are found to be scams.
Miembro desde Feb 22, 2011   posts 4862
Apr 28, 2020 at 08:04
almfx posted:
According to my experience. I can recommend :

Icmarkets, pepperstone, ATC brokers, FC stone, admiral markets, interactive brokers. Trade max, Lmax.

And some famous brokers that you must stay away from:
Octafx. FBS. Traders trust, Fxopen( real02 servers cent) , weltrade, fortfs. ... So be careful what you choose .

I would agree with you
But I had never had problem with OctaFx nor FortFs
Miembro desde Nov 12, 2015   posts 4
May 11, 2020 at 02:26
Why not starting with a Broker that uses a platform where the pips and swaps, and all that makes confusion to a newbie does not exist?

And be able to start with $10, since we all know newbies do lose 1st deposits.

And in a platform that is more intuitive to someone that has never traded before.

I would prefer.
/ /
Miembro desde Feb 22, 2011   posts 4862
May 11, 2020 at 08:32
ruioliveira posted:
Why not starting with a Broker that uses a platform where the pips and swaps, and all that makes confusion to a newbie does not exist?

And be able to start with $10, since we all know newbies do lose 1st deposits.

And in a platform that is more intuitive to someone that has never traded before.

I would prefer.
Pips does not exist, explain.
Miembro desde Nov 12, 2015   posts 4
May 11, 2020 at 11:12
Because you trade on value, not on lots.

And be able to start with $10, since we all know newbies do lose 1st deposits.


I don't if I can leave a link, but ok, if moderators don't want, they can erase the comment:

https://thebinaryoptionsblog.com/forex-at-iq-option/
/ /
forex_trader_581612
Miembro desde Nov 20, 2018   posts 15
May 13, 2020 at 12:45
I'm trading with 2 brokers. Have basic account with XM and arbitrage account with Grinta-Invest.

Both of them are fine for me.
Miembro desde Aug 05, 2019   posts 50
May 14, 2020 at 10:26
Tygotaylor posted:
If you are a newbie then it's important to look for a few things which i considered while choosing my broker
1 Spreads and Commissions
2 Leverage
3 Customer Support
Rightly said. These are exactly the same things which i considered while choosing a broker. Currently trading with turnkey forex and all these factors seem fine with them as i’ve experienced low spreads, low comm. charges along with decent customer service.
Miembro desde Jun 08, 2020   posts 7
Jun 10, 2020 at 02:28
Hi, I think best broker is FXPIG.

You can view our FXPIG PAMM Account.

https://www.myfxbook.com/members/WealthWallett




Thankyou,
WealthWallet FXPIG PAMM
WealthWallett
Miembro desde Jun 15, 2020   posts 59
Jun 25, 2020 at 12:34
For a trader like me, understanding the market changes and making the moves accordingly can be too big to deal with. Initially I wasn’t even able to pick which stocks would be suitable for me. This made me look for brokers that could be good for the beginners and that’s how I ended with finding Forex com, FxView and IG to be the most suitable ones to go with. In my initial days of trading, I had a lot of frustrating experience with other brokers. Forexpeacearmy(FPA) is a good place to check reviews in detail, if you are not sure of any broker. Reliable brokers like Forex com and FxView can help you accelerate your own learning curve and save you some of the stress.
Miembro desde Jun 26, 2020   posts 3
Jun 26, 2020 at 06:01
Roberto21 posted:
Honestly speaking, if you want to find a right broker, you have to move Forex Pace Army where people share their own trading experience. And myfxbook EarnForex and Babypips can be a great source to find a right broker nowadays.

Thanks for your tips with these sites. Really useful information
Miembro desde May 13, 2020   posts 128
Jun 29, 2020 at 06:18
It seems to me that for a beginner you need to choose a broker who have a good leverage.
Miembro desde Jan 31, 2012   posts 168
Aug 01, 2020 at 09:53
If you trade a lot it is Tickmill because of low spreads and low commission.
Miembro desde Jul 20, 2020   posts 232
Aug 04, 2020 at 11:30
Choosing a broker is not an easy task for the new traders. If you want to choose a regulated and reliable broker you have to research properly. There are so many sites that give brokers review. You can follow them to find a good and suitable broker for you.
Miembro desde Aug 08, 2020   posts 1
Aug 08, 2020 at 07:53 (editado Aug 08, 2020 at 07:53)
Hello.

Does anyone traded with a justforex.com broker? I traded with them on a demo account, but now I am thinking of opening a real account. How can I be sure they can be trusted? Thanks.
Miembro desde Apr 30, 2018   posts 11
Aug 08, 2020 at 09:36
selecting a good broker depend on some things so you must pay attention to those
1- reliability : it is very important . some of broker hasn't any regulation and aren't safe. they hasn't lots of client and have some fraud technique. for example some of those detect you are a new trader and with high probability you lose . it this situation they give your money without any try. In this situation some times if you go in a huge profit try to don't pay your profit with some repeated sentence same as you trade in news . you trade fake ....
2- some broker work om spreads intelligence. they had some level lots of trader has SL on that . so near that levels wide spread for a moment and lots of trade close although price dosent touch in any with and had a good distance until those point
3-some broker have reqoute. in other phrase when you has an order with a small slippage failed your order and wait for new command of you . although the number of those decreased .
4- One of the important factor about selecting of broker is spread specially for your trade system
if you are a scalper you need a fast and low spread broker. and if you are a day trader with long profit and stop some of other factor are important
 i think this post is too long sorry
omid_tavakoly@
Miembro desde Jul 20, 2020   posts 232
Aug 11, 2020 at 19:15 (editado Aug 11, 2020 at 19:16)
When you will go for choosing a broker for you you should be very careful. Because there are so many fake brokers in the market. You can take help from those websites which give broker reviews on their sites.
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