Choosing the Right Broker

Hey mate, are you a news trader? Or, are you active on the high voltage news session like FOMC,NFP??

Adribaasmet posted:

Hey mate, are you a news trader? Or, are you active on the high voltage news session like FOMC,NFP??

Nah, not much of a news trader. A bit of scalping here and there. I also toyed with a bit of latency trading(HFT).

Mostly I care about exchange access and real spreads.

If anyone is interested, we wrote a really detailed guide on how to find a good forex broker.

https://groundfinance.com/choose-forex-broker-ultimate-guide/

Good luck to finding a good broker and stay safe!

Check these points before choosing right brokers

- Forex Account Types
- Forex Broker Types
- Customer Service
- Deposit and Withdrawal Methods
- Forex Bonuses
- Margin Call and Leverage
- Quick Response Time
- Transaction Costs
- Trading Platforms

JamesAnderson posted:
Check these points before choosing right brokers

- Forex Account Types
- Forex Broker Types
- Customer Service
- Deposit and Withdrawal Methods
- Forex Bonuses
- Margin Call and Leverage
- Quick Response Time
- Transaction Costs
- Trading Platforms

- Regulation
 - Location
 - Broker type (DMA, STP, MM, ECN etc)
 - Feedback and reviews of the broker
 - Minimum deposit and withdrawals
 - Negative balance protection

P.S - The broker having any kind of Bonus scheme is almost certain that this broker is a Market Maker (A.K.A Dealing Desk) and is not going to let you withdraw your money. -> scam.

JamesAnderson posted:
Check these points before choosing right brokers

- Forex Account Types
- Forex Broker Types
- Customer Service
- Deposit and Withdrawal Methods
- Forex Bonuses
- Margin Call and Leverage
- Quick Response Time
- Transaction Costs
- Trading Platforms

I think, regulation & transparency is also important issue, so please add this point on your list! Thanks.

Regulation only matters if it actually has any power. Small tax-havens and island countries have regulators, but if you get scammed you actually are never going to see your money again.

The trading spreads is a big deal when choosing a broker, despite of good trading knowledge that’s not possible at all to lead a successful trading life if you don’t have a comfortable trading spreads. now I am looking for lowest trading spreads which is very supportive to make profit with certainly by using any kinds of trading strategies in particularly the scalping that brings profit in a short time.

if you want to find a right broker, you have to move Forex Pace Army where people share their own trading experience. And EarnForex and Babypips can be a great source to find a right broker nowadays.

Broker is a big deal when it is time to make sure a successful trading life, because the broker can affects the result of our trading with certainly, we the traders can choose a broker which is more appropriate to the concept of trading that will be used, if you love doing scalping should choose the broker which allows trading concept such as this.

To find the right broker always consult some experienced person and try out their demo account first.

Choosing the right broker can be a very difficult task. I’ve been in that stage myself. After reading the reviews online I tried out coinexx. Really liked them, easy and quick transactions and best of all low spreads. You can try reading online reviews to different brokers and try their demo accounts to see who stands up for your trading standards.

Has someone traded with BlackBull markets? I read this review...

https://groundfinance.com/blackbull-markets/

...and it seems they should be a good choice. Has anyone got experience with them? Looking mostly to news trade and scalp small timeframes.

Nice broker can be only personally adviced. When I looked for a broker I didn't read any reviews, I just asked my friends and collegues who known in forex. They help me to choose the broker and I use it.

Without having a reliable support from a credible trading broker that’s not possible at all to lead a comfortable trading life with certainly despite of good trading knowledge , so, choosing a broker is very difficult task, it would be great if we choose our brokers according to our trading understanding , should choose the broker that is more appropriate to the concept of trading that will be used,

Hey there!! Tell me please about the criteria of good broker. How to understand borker is really good and legal

We the traders should choose the brokers in cool mind, we have to choose the broker which is more appropriate to the concept of trading of trading that will be used , the traders who are particularly scalpers have to choose the broker which allows trading concept such as this.

Without having a reliable support from a credible trading broker that’s not possible at all to lead a comfortable trading life with certainly despite of good trading knowledge , so, choosing a broker is very difficult task, it would be great if we choose our brokers according to our trading understanding , should choose the broker that is more appropriate to the concept of trading that will be used,