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Choosing the Right Broker

Pentz Consulting
ForexScreamer
Jan 22 2019 at 07:49
posts 49
AmDiab posted:
ForexScreamer posted:
I'm interested in FX Choice which is located in Belize. They accept US traders. I've had trouble getting my account funded however. The interim bank declined my wire transfer due to 'internal policy'. Is that a red flag I should be concerned about before I look at other funding options?


Hello mate; you from? What’s tour main recommended feature on trading? please, don’t go with any new FX broker.


I'm from the U.S. The main problems I have with the regulations are low leverage and no hedging. Hedging is the biggest problem. I have a legitimate use for it and without it my profitability is compromised.

GangYanny
Jan 22 2019 at 11:48
posts 10
It is very odd that you cannot hedge in the US. I do not understand why they have that rule. As a US citizen can you use a broker regulated in another country?

Pentz Consulting
ForexScreamer
Jan 23 2019 at 07:41
posts 49
I wish I knew. I think it's that 'we know better than you so we need to protect you from yourself' attitude.

Pentz Consulting
ForexScreamer
Jan 23 2019 at 07:41
posts 49
There are a few that accept US traders. FX Choice is one which is why I'm interested in them.

vontogr (togr)
Jan 23 2019 at 10:25
posts 4862
ForexScreamer posted:
There are a few that accept US traders. FX Choice is one which is why I'm interested in them.


regulated on Belize...

Pentz Consulting
ForexScreamer
Jan 24 2019 at 08:38
posts 49
togr posted:
ForexScreamer posted:
There are a few that accept US traders. FX Choice is one which is why I'm interested in them.


regulated on Belize...


Is that good or bad?

Adribaasmet
Jan 28 2019 at 08:24
posts 993
ForexScreamer posted:
togr posted:
ForexScreamer posted:
There are a few that accept US traders. FX Choice is one which is why I'm interested in them.


regulated on Belize...


Is that good or bad?


From me, it’s not a reputed regulation authority. By the way, you have an interesting user name; cool.

Mohammadi
Feb 08 2019 at 09:35
posts 886
When looking for a broker there are many things that you have to check. Accordion to my trading experience, first of all, I will be looking for in a broker is, if they are regulated or not. Then I will see their deposits and withdrawal system how it works. Only regulated trading broker guarantee their client’s funds with certainly.

niceGLer
Feb 08 2019 at 15:32
posts 168
ForexScreamer posted:
AmDiab posted:
ForexScreamer posted:
I'm interested in FX Choice which is located in Belize. They accept US traders. I've had trouble getting my account funded however. The interim bank declined my wire transfer due to 'internal policy'. Is that a red flag I should be concerned about before I look at other funding options?


Hello mate; you from? What’s tour main recommended feature on trading? please, don’t go with any new FX broker.


I'm from the U.S. The main problems I have with the regulations are low leverage and no hedging. Hedging is the biggest problem. I have a legitimate use for it and without it my profitability is compromised.


You can always deposit just the money needed to keep a couple of trades open, and keep the majority of funds in a safer place..

If you end up using FxChoice, please review the broker. Other users are also interested in your experience!

Any recommendation for a deposit method for a broker in Belize, anyone?

Mohammadi
Feb 19 2019 at 10:31
posts 886
The trading broker can play a vital role in Forex trading. That’s why choosing a right broker is really important task from all. but right now it is too much to difficult to make sure a reliable broker , because there are almost thousands online broker are available in this retail market and most of them are found to be cams. So, when choosing a broker we the traders have to be in cool mind.

vontogr (togr)
Feb 19 2019 at 11:23
posts 4862
ForexScreamer posted:
togr posted:
ForexScreamer posted:
There are a few that accept US traders. FX Choice is one which is why I'm interested in them.


regulated on Belize...


Is that good or bad?


It is not proper regulation

ovisun
Feb 20 2019 at 05:30
posts 433
Maybe it is not proper regulation, but they have good execution and I never had problems withdrawing money from them, even bigger amounts, not just few hundreds.

Ognjan
Feb 20 2019 at 06:54
posts 8
Only proper regulation is in US, Aussie, UK. Can't even trust EU countries as Cyprus is in EU and they have a load of rubbish brokers.

CRPA9
Feb 22 2019 at 07:34
posts 21
Always choose a true ECN broker :)

AndrewBernard
Feb 24 2019 at 07:14
posts 2
Is it normally different withdrawing more than a few hundred? I withdrew 500 EUR profit a few times from Naga Markets and no problems whatsoever. However for easyMarkets I tried to withdraw 1k+ and there was a big delay then excuses from their side. Anyone else had that?

jamesgwyther
Feb 24 2019 at 07:36
posts 289
ovisun posted:
Maybe it is not proper regulation, but they have good execution and I never had problems withdrawing money from them, even bigger amounts, not just few hundreds.


Then you are ok. No reason to leave imo

forex_trader_[565984]
Feb 24 2019 at 08:23
posts 144
Choosing the right broker is probably one of the most important factor in order to succeed in forex trading in long run.

As long as you are making losses in your account, most of the regulated and well known brokers may work just normal. Once you start making consistent profits, you can see the true face of each broker.

AniLorak
Feb 25 2019 at 11:57
posts 920
Q_FxTrader posted:
Choosing the right broker is probably one of the most important factor in order to succeed in forex trading in long run.

As long as you are making losses in your account, most of the regulated and well known brokers may work just normal. Once you start making consistent profits, you can see the true face of each broker.


So true; that’s why we traders need to select our broker so sincerely. Using a market maker broker can be risky.

Mohammadi
Feb 28 2019 at 10:39
posts 886
In order to me, the best broker is a broker which for all time make sure best trading environment for using any kinds of trading techniques by providing lowest trading spreads as well as minimum margin requirements. And they does not restrict any kinds of trading strategies with scalping and hedging.

Muscat
Feb 28 2019 at 10:56
posts 11
I think that all broker allow hedging except for US broker. Hedging is not allowed in the US. I do not know why this seems very strange to me.

Choosing the best broker is important but as long as it is regulated and spreads are <1pip for most pair then don't worry about it

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