How to choose a regulated forex broker?

First step in choosing a good broker is looking at the 'Broker Spreads' section of myfxbook. Check our the top 10 with lowest spreads and find the ones that have decent regulation.

Choosing a broker is a dedicated decision, so it should be in cool mind. If you choose broker with an emotional state, there is a chance to choose wrong something.

Dostiev posted:
First step in choosing a good broker is looking at the 'Broker Spreads' section of myfxbook. Check our the top 10 with lowest spreads and find the ones that have decent regulation.

It’s a good idea! But we should aware of others technical issue as well before investing our own capital.

The best broker is a broker which for all time makes sure security of funds at any deposits with a wide range of trading technologies. And any best broker does not restrict any kinds of trading techniques with scalping and hedging.

Mohammadi posted:
The best broker is a broker which for all time makes sure security of funds at any deposits with a wide range of trading technologies. And any best broker does not restrict any kinds of trading techniques with scalping and hedging.

Maybe, it’s their business model (even many brokers don’t accept retail amount) but ensuring the capital security is the key point. On the other hand, quick withdrawal service is also an important issue.

it's good to choose with FCA compliance

joha51 posted:
it's good to choose with FCA compliance

Yes it is! But the issue is; a number of new traders don’t know the criteria of choosing a Forex broker. They are mainly focusing on big bonus & leverage feature instead of real things.

In Fx trading, Choosing a right broker is very difficult task, because there are almost thousands broker in online retail Fx market and most of them are found to be scams. Regulated trading broker can be a great choice which for all time makes sure security of funds at any deposits with a wide range of trading technologies.

Interesting to read other peoples opinions on this

I generally do a lot of searches on Facebook and Google and come to my own opinions. Regulation is good but if you want a good leverage sometimes you have look elsewhere..

I traded with many different brokers and I was never in trouble with FCA regulated ones.

Treeny posted:
I generally do a lot of searches on Facebook and Google and come to my own opinions. Regulation is good but if you want a good leverage sometimes you have look elsewhere..

Most regulated broker at best 1:50 now days. That is too low to make any serious money. Not worth the effort. Unregulated is risky but if you keep account size small and regularly withdraw then it should be ok. Some still offer 1:1000 leverage

There are many important things we the traders have to focus when choosing a broker, from all I think spreads is an important financial tool which an investor should consider when choosing a broker, if we have lowest trading spreads we the traders can make profit with certainly by using any kinds of trading strategies in particularly the scalping that brings profit in a short time.

Mohammadi posted:
There are many important things we the traders have to focus when choosing a broker, from all I think spreads is an important financial tool which an investor should consider when choosing a broker, if we have lowest trading spreads we the traders can make profit with certainly by using any kinds of trading strategies in particularly the scalping that brings profit in a short time.

Yes, trading spread is one of the most important trading feature to the traders! By the way, for me fair market movement is the main consideration.

Try and Aussie broker. They are regulated and offer high leverage. Hugos's way sounds a bit dodgy to me. Better to use a big name broker if you can

Augusto84 posted:
Try and Aussie broker. They are regulated and offer high leverage. Hugos's way sounds a bit dodgy to me. Better to use a big name broker if you can

What’s the condition on FPA review site of this broker? I checked but didn’t find the name.

I have used Forex.com ,I thought they were perfectly fine. Spreads a little high sometimes but other than that they were a standard broker. I did not have any problems

I am using pepperstone and gomarket, good support, recommended

edisoho posted:
I am using pepperstone and gomarket, good support, recommended

How many years you have been using this Forex broker? In addition, are you a scalper?