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Choosing a new broker

jaredtaylor
May 18 2021 at 09:09
posts 50
Bradley88 posted:
I'm new into forex and looking for a broker to go live soon, as a beginner should i look for a broker based on spreads and commission if i want to scalp or based on reviews and leverage ?

For scalping, the trading conditions favor the most, so you should be looking for tight spreads and lower commission. For instance, try out turnkey forex, their spreads are quite tight and the commission is only $1/100k per side.

Mohammadi
May 19 2021 at 09:45
posts 886
the newcomers should choose the broker which does not restrict any kind of trading techniques with scalping and hedging. generally the scalpers always fall a great trouble when choosing a broker.

lovefortrading (perryjohn765)
May 19 2021 at 13:54
posts 238
i guess every broker is aware iof this requirement and they have started offering all these conditions and styles.One needs to see how reliable the broker is

AliaDare
May 19 2021 at 16:28
posts 788
perryjohn765 posted:
i guess every broker is aware iof this requirement and they have started offering all these conditions and styles.One needs to see how reliable the broker is

Yes, your opinion is correct. All brokers know their needs and act accordingly. We need to know how reliable the broker is.

RobertFerrari
Sep 14 2021 at 18:33
posts 375
perryjohn765 posted:
i guess every broker is aware iof this requirement and they have started offering all these conditions and styles.One needs to see how reliable the broker is

I think a good broker is very much important to survive in this market.

Karlos Fandango (Smith2525)
Sep 15 2021 at 00:10
posts 82
perryjohn765 posted:
When does a trader move to a new broker? what are the expectations from a new broker and disappointment from the previous/current broker.


I moved to off-shore about a year ago. We had some new regulations come into place over here in Australia which capped the maximum leverage to 1:30. Apparently it was for 'our own benefit' as they didn't want us to loose our money. Absolute BS. I don't need a government to help me 'stay safe' and protect me from spending my own money.
Moving off-shore was no big deal in the end, I was a little skeptical at first after things I had read, but in fact, the benefits have by far outweighed the perceived 'risks'

FredJones
Sep 15 2021 at 09:59
posts 25
I'm a newbie with no experience on how to find a reliable and suitable broker. Any suggestions on what type of broker I should use and how to identify if it's reliable?

Ariest
Sep 17 2021 at 04:40
posts 29
Of course, you need to focus on those brokers who have extensive experience in the market and a good reputation.

Unellene
Sep 17 2021 at 10:58
posts 283
when choosing a broker, you should not take into account new options on the market, because in terms of reliability it will be unclear whether you will be thrown or not

SteveHanks
Sep 18 2021 at 20:41
posts 536
Mohammadi posted:
the newcomers should choose the broker which does not restrict any kind of trading techniques with scalping and hedging. generally the scalpers always fall a great trouble when choosing a broker.

Every trader should choose a regulated broker to survive in this market.

Tradelist45
Sep 19 2021 at 07:23
posts 226
the traders we have should choose the broker which always ensure security of funds with a wide range of trading technologies.

Suradi (FXOday)
Sep 19 2021 at 23:23
posts 288
I already choose the FXOpen broker and I don't think will look for another broker at present time, so far I have good experience with this broker and this is a trusted company in my experience, already more than eight years using service, and most important this company has regulated.

Unellene
Sep 21 2021 at 12:07
posts 283
the main thing is not to fall into the hands of noun-name brokers, since among them you can easily find a fraudster, I have been working with Amarkets for a long time, he suits me in all respects, the supports are especially pleased, so choose a broker only that has been on the market for a long time

RobertFerrari
Sep 21 2021 at 19:06
posts 375
Tradelist45 posted:
the traders we have should choose the broker which always ensure security of funds with a wide range of trading technologies.

Yes. Every trader should pick a regulated broker.

ddarko3
Sep 23 2021 at 07:03
posts 70
FredJones posted:
I'm a newbie with no experience on how to find a reliable and suitable broker. Any suggestions on what type of broker I should use and how to identify if it's reliable?

First thing which is an absolute is to check whether that broker is regulated or not. If they are regulated, you are good to go. You can also open the account and try out demo trading to see whether the trading conditions fit your needs for trading. I am giving my personal opinion, I had my account opened with fxview, they are all set with the regulations. Tried out their demo trading and noticed that the spreads are good, so I decided to go live and everything went smoothly for me. And to this day, I am still trading with them. Hopefully, you will be able to find the right broker as well. Best of luck to you.

Anayadora
Sep 30 2021 at 18:50
posts 17
Traders usualy look forward to switching their brokers because of several reasons: current broker is a scam, commissions/spreads are very high, so that a trader gives the major part of their profits to the broker, a trader doesn't like tradig platform which is used by the broker, payment methods are not satisfactory enough, diversity of financial instruments leaves much to be desired.

UweMoench
Oct 05 2021 at 15:37
posts 751
For new trader choosing a broker is a difficult task. To start with one should first see the broker regulation and license. If the broker is regulated by good authorities, you can go for it.

AliForexTalks
Oct 09 2021 at 19:07
posts 94
Step 1: Ask about the commission split.
Step 2: Evaluate the brokerage culture.
Step 3: Decide between a franchise or independent brokerage.
Step 4: Learn its reputation and niche.
Step 5: Make sure it will offer support.

Unellene
Oct 12 2021 at 13:20
posts 283
with new brokers on the market, you need to be very careful, you can easily fall into the hands of scammers, which means that you will lose money in vain

Akasuki
Jan 01 at 05:40
posts 500
Newcomers 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.

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