Looking for Broker

FedericoLin posted:
In my opinion you first need to know the amount of money you will put in, if you deposit 500€ u should not go with a 1:30 leverage broker because the margin will be very high and at most u can open 2 or 3 trades with the lot 0.01, if instead if your deposit is very high you can select a safe and regulated broker, however i'm not telling you that only low leverage broker are safe, there also high leverage (1:500) broker very safe, in conclusion i will summarise the concept:

Deposit > 10.000 High trusted broker (They always have 1:30 as leverage) example: Admiral Markets ecc...

Deposit< 10.000 Trusted and regulated broker with high leverage (1:200 - 1:500 - 1:1000) example: Roboforex that offer a large selection of leverage or Alpari ecc...

The broker that i mentioned are only example of broker that i trust, if you choose them i advise you to go and read some review so, you can understand if they are what you are looking for.

Regards,
Federico

Very informative post.

I will recommend https://nsbroker.com/ for newbies. They have a lot of educational materials that will help you easily jump into trading.
Also, they have a very interesting weekly market overview on their YouTube channel https://www.youtube.com/c/NSBroker

A good broker is one that aligns with your requirements. For someone like me leverage is important so I use finprotrading.

I have used brokers that only use bank deposits and some offshore ones that use BTC and found both ok. Just make sure you check reviews and overall reputation.

Do your homework. Be prepared before you start looking for a broker.
Know how they get paid.
Check educational qualifications and experience.
Ask about their lender panel.
Check their ownership structure.
See if your broker explains your options clearly.
Get it in writing.
Shop around for a cheaper loan.

Anyone currently trading live with a good reputable broker suitable for scalping mostly. Looking for either an ASIC or FCA broker with tight spreads mostly in EURUSD?

I will recommend https://nsbroker.com/ for newbies. They have a lot of educational materials that will help you easily jump into trading.
Also, they have a very interesting weekly market overview on their YouTube channel

KQad posted:
I recommend trading with FP Markets, an ASIC broker, their minimum opening balance is $100 AUD with some of the lowest spreads and slippages.

The other reason I recommend them is their customer service which is reliable and quick in solving clients queries even through emails or live chats.

Would deffiently recommend FP Markets

To find a good broker, you can do some research on Google and broker's website. First thing you need to check is the regulation of broker. Then you check the other facilities that you need according to your trading style.

Today, there are many brokers offering many facilities to attract traders. But choose broker wisely. Because there are many frauds among them.

I also trade with an offshore broker so can't really help with this one. Still think there are a lot of advantages to using one, like higher leverage and so on but I can understand being nervous and changing if you're willing to give up some of the perks.

You can also try using Coinexx and SuperForex. Trading conditions are good and withdrawals are processed quickly as well.

It is possible if the account is demo, but then i won't work in real

Eurotrader offers traders a nice demo trading platform and a good education program to educate their traders. They ensure instant support, high security of funding, narrow trading spread, and high leverage.

I recommend trading on the ICM, CMC, or FP markets. Their spreads are quite narrow. I trade with FP Markets primarily because their execution speed is faster and their commission costs are lower than those of other similar ECN brokers.

investfox in-depth review states that OctaFX has decent scores in the majority of aspects, but significantly lacks in Safety and Security. investfox experts are saying that the broker should improve its safety features in order to attract a vast number of people. However, you will come across a lot of useful information in their educational department, thus investfox gives them 5 points in this regard.

I would recommend fxview as they are my go-to broker, when it comes to low-cost trading, their commission is $2rt and the spreads have been tight for the most part, especially when compared to others.