Looking for Broker

I would just spend some time checking out some reviews of different brokers from traders and see which ones suit you best.

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.

I suggest trading with FP Markets, it is regulated by ASIC and Cysec. The spreads start from 0.0pips for most parts of the day, and execution speed is pretty fast than other similar brokers.

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?

I think all the main criteria for choosing a broker are reliability, security, good reputation and conditions.

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

You can choose several brokers, replenish the minimum deposit and test it

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.

You can choose a broker with a license, with good experience and a large number of clients with a good profit.

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.

'I recommend trading with FP Markets because the spreads are lower and execution speed is faster than it's competitors.

 It is also reliable as it is regulated by ASIC, and their customer service team is quick in solving queries.

Therefore, you always need to choose a broker who at least has good experience and a lot of clients.

If you are looking for a broker, I recommend checking the Reviews section
https://www.myfxbook.com/reviews/brokers/9,1

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!

the broker can be good if there is security of funds including a wide range of trading facilities.

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.

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.

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.

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