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Best Broker for a Newbie
Sep 28, 2021 at 04:37
In my opinion, for beginners, it is better to choose a broker that has micro lots for lower risk and capital with good customer service to help during the initial stage.
I suggest FP Markets because their micro lot account offers some of the lowest spreads, and their customer service is quick in answering clients queries even through emails and live chats.
I suggest FP Markets because their micro lot account offers some of the lowest spreads, and their customer service is quick in answering clients queries even through emails and live chats.
Member Since May 27, 2021
56 posts
Oct 08, 2021 at 03:50
UweMoench posted:
A newbie should do enough research to find a broker. Without knowing how to find a good broker, one should not start trading.
I agree with you, for new traders research at the initial stage is very important, I also used to be in the same dilemma when I started trading, got to know about a few brokers and luckily found fxview trading conditions quite suited to my requirements.
Member Since Aug 17, 2021
87 posts
Oct 09, 2021 at 19:10
Ask yourself the following questions to determine which broker and model might be right for you:
1: How much money do you want to invest?
2: How much do you know about investing?
3: How much control do you want over your investments?
4: Will you be trading intraday, end of day or weekly?
5: How often will you likely to be trading
1: How much money do you want to invest?
2: How much do you know about investing?
3: How much control do you want over your investments?
4: Will you be trading intraday, end of day or weekly?
5: How often will you likely to be trading
Member Since Feb 20, 2021
51 posts
Oct 12, 2021 at 10:28
A broker with low trading cost is good imo, found coinexx suitable because of its low commission cost of a dollar per lot.
Member Since Jan 22, 2021
126 posts
Feb 02, 2022 at 06:40
Akasuki posted:
A new trader must be cautious when choosing a broker. Make sure you choose a licensed broker.
Agree! The very first thing should be the regulation only to filter a good broker. When I started I had these options; Fxview Pepperstone Tickmill. These all are best in terms of trading conditions just differ on the fees part.
Feb 02, 2022 at 15:07
Yes, every new trader should choose a regulated broker instead of going with brokers that offer bonuses that can be scammed.
It took nearly two months to choose a broker, and finally I now trade with an ASIC and CYSEC regulated broker, FP Markets. It is also an older broker with over twenty years of forex business experience.
It took nearly two months to choose a broker, and finally I now trade with an ASIC and CYSEC regulated broker, FP Markets. It is also an older broker with over twenty years of forex business experience.
Member Since Apr 09, 2019
516 posts
Feb 10, 2022 at 10:54
An account that is reliable and allows for fairly low initial deposits probably or micro account trading. Personally I use regulated and unregulated and can personally vouch for IG, IC Markets and CedarFX but you have to know what you will need from a broker and go from there.
If you can't spot the liquidity then you are the liquidity.
Member Since Sep 07, 2020
70 posts
Feb 11, 2022 at 12:03
sebking1986 posted:
An account that is reliable and allows for fairly low initial deposits probably or micro account trading. Personally I use regulated and unregulated and can personally vouch for IG, IC Markets and CedarFX but you have to know what you will need from a broker and go from there.
Can agree with you on IC Markets. One of better brokers to trade, along with fxview and pepperstone.
Feb 24, 2022 at 08:47
For beginners or newbies, I suggest trading with brokers that have a lower opening balance or with micro lot accounts for lower risks and loss value.
I recommend brokers like XM or FP Markets, because they are reliable to trade with and provide some of the best trading conditions. I trade with FP markets because their minimum opening balance is only $6 per round per lot.
I recommend brokers like XM or FP Markets, because they are reliable to trade with and provide some of the best trading conditions. I trade with FP markets because their minimum opening balance is only $6 per round per lot.
Member Since Dec 05, 2020
76 posts
Feb 24, 2022 at 11:36
radioactive posted:
Can agree with you on IC Markets. One of better brokers to trade, along with fxview and pepperstone.
how long do they all take for withdrawals?
Member Since Sep 07, 2020
70 posts
Feb 25, 2022 at 11:23
Jude_craig posted:radioactive posted:
Can agree with you on IC Markets. One of better brokers to trade, along with fxview and pepperstone.
how long do they all take for withdrawals?
@Jude_craig Last time when I used them, they were all on quick feet. Maximum withdrawal was within a day.
Member Since May 27, 2021
56 posts
Feb 28, 2022 at 11:58
Well there are a lot of regulated brokers with good trading conditions, some of them which I prefer are:
Fxview - $2/RT
IC Markets - $6/RT
Fxpro - $9/RT
Fxview - $2/RT
IC Markets - $6/RT
Fxpro - $9/RT
Mar 02, 2022 at 08:15
Newbies should trade with regulated brokers, and it would be an advantage if their broker is also an older broker.
ICM and FP Markets are regulated by ASIC and also older brokers with over 10 years of experience in forex. ICM has an opening balance of $200 AUD and FP Markets has a lower opening balance of $100 AUD.
ICM and FP Markets are regulated by ASIC and also older brokers with over 10 years of experience in forex. ICM has an opening balance of $200 AUD and FP Markets has a lower opening balance of $100 AUD.
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Mar 09, 2022 at 10:59
CocoChannel posted:
Well there are a lot of regulated brokers with good trading conditions, some of them which I prefer are:
Fxview - $2/RT
IC Markets - $6/RT
Fxpro - $9/RT
For lower commission, I would recommend fxview ($2RT), or Tickmill ($4RT). Both are solid brokers to use for me these days. Plus they are regulated, so you’ll be in good hands.
