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What safety measure I need to take before choosing any forex broker?

Mar 23 2021 at 05:07
posts 13
This manual system reminds me of my trades a few weeks back. Good work with this!
Albert Zieba (Master_Z)
Jun 28 2021 at 09:48
posts 7
Searching for information on a forum with reviews will not hurt you in any way, it is always good to do it. Watch overview videos on YouTube from popular bloggers. Try to trade the minimum deposit to test the broker's conditions.
The success is mine
Jun 29 2021 at 06:51
posts 330
Marshalsam877 posted:
I think the most important thing to look at is the reputation of the broker. In my opinion you should only trade with big guns such as interactive brokers or schwab.
Yes. You are right. this is the most important thing.
Sar John (Sarjohn)
Jul 01 2021 at 09:20
posts 187
Tremblay posted:
Marshalsam877 posted:
I think the most important thing to look at is the reputation of the broker. In my opinion you should only trade with big guns such as interactive brokers or schwab.
Yes. You are right. this is the most important thing.
Sometimes you do not need to go with the reputed broker, also explore new brokers with good trading conditions and look for low spreads, low commissions and regulations also.
Suradi (FXOday)
Jul 04 2021 at 22:49
posts 470
I am already found my broker and work with them for more than eight years, so far so good and no problem, this company regulated in ASIC, FCA, and Cysec, namely FXOpen broker, about spread in my view also included low or competitive spread, especially pair USD included XAUUSD.
Sep 16 2021 at 16:44
posts 10
Speaking about safety measures, then I guess you should determine whether a potential broker a scam or not. It's kinda easy to determine, you just need to check licenses and apply to customer support. Often customer support give you the understanding that you would better stay off a broker. It replies too long and pretty rude. Scammers don't care about customer support, hence it's awful. Moreover, you have to check withdrawal and depositing process. Actually, there are no issues with depositing, while there might be some troubles with wthdrawals in case of scam. Check these things and make some conclusions.
Oct 05 2021 at 06:53
posts 751
First you have to see whether the broker is regulated and licensed or not. If not regulated and licensed, move to another one. Then check the facilities you want for your trading like deposit method, spreads, leverage etc.
Oct 05 2021 at 14:33
posts 617
First safety is regulation and license. If the broker is properly regulated and licensed, then you can go for it if other things match your requirements.
Oct 06 2021 at 02:20
posts 788
No matter which broker I go to, it must be regulated.
Oct 14 2021 at 18:15
posts 30
There are lots of measures which you need to choose a broker in order to trade safely. For example, you ought to check all the information about your broker mostly because you need to be convinced that everything is okay with and it's not a scammer. There are several ways how to do it. Forstly, you have to check all the information concerning regulations,licenses and certifications. Secondly, you should check client service from a certain broker, how fast they reply, how polite are they and something liek that. Finally, you should check that there are no issues with withdrawing and depositing money.
Nov 07 2021 at 00:48
posts 788
You need to choose a regulated broker to build loyalty. And it would be better if the spread of that broker is less.
Nov 11 2021 at 08:26
posts 25
The main safety measure is to convince that your broker might be considered as a reliable one. I believe that there are sveral ways how to determine a proper broker. For example, I always chekc three main things in my opinion, which can determine whether a broker is reliable or not. These things are the work of customer support, processes of withdrawing and depositing money, and the presence of regulations and certifications. I think you have to check these things before pick a particular broker as your primary, maybe it isn't the same as you got used to think.
Chelsea Blacks (blackChelsea)
Nov 11 2021 at 11:57
posts 125
I always choose a broker which is registered with a strong financial regulatory body. I have started with pepperstone and traded for 1 year but later on switched to fxview though both are well regulated but latter one is pretty light on commissions and offer tight spreads.
Jan 04 2022 at 07:19
posts 759
A good broker will always be consistent with its services and never cheat on its customers.
Jan 04 2022 at 10:36
posts 23
While choosing a forex broker, one must look into the regulations, low commission costs, leverage offered by the broker, training programs available for newcomers, and overall customer service provided.
RVD (psiho_87)
Jan 04 2022 at 17:54
posts 2
if you trade up to $ 1000, then by and large there is no difference through which broker to trade, the main thing is to like the conditions.

and if the amount is greater, I recommend first of all to consider brokers licensed in your country
Jan 06 2022 at 04:22
posts 869
It's an important decision to pick the correct broker as choosing the wrong one may cost you a lot of money.
Jan 13 2022 at 19:10
posts 24
The main thing is to be convinced that your broker can be considered as trustowrthy one. You have to check all he regulations, certifications and licenses in order to be sure that your broker execute its duties in accordance with special regulator. Moreover, you should check the system of depositing and withdrawing money. Sometimes unhonest brokers cheat on their traders because of this system. They allow traders to deposit money but they don't let traders to withdraw earned sums. There are plenty of peculiarities actually. In addition, you can check reviews in the internet about particular brokers in order to understand whether this broker recommended itself in trading community as a reliable one, or not.
HeavenLeighGill (HeavLeighGill26)
May 20 2022 at 16:11
posts 401
Always read reviews from other real traders so you can get an idea of things go as far as customer support, withdrawing, and any red flags that may come up. Look out for posts about withdrawal issues. Also, remember that some traders may be angry with the broker when it was actually their fault they lost money, so I try to find multiple comments about the same problem.
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