Best Broker for a Newbie

According to me, If you love scalping should choose the broker which allows trading concept such as this. Actually scalping success on the lowest trading spreads currency pair. So we the scalpers have to choose the currency pair which has lowest trading spreads. Otherwise that’s not possible at all to make profit with certainly by scalping.

Generally speaking, for a newbie is best to choose a broker with a low minimum deposit so you could trade with real funds while not risking too much. All other respects by according to which you should choose a broker are very similar to what advanced traders are looking for. Opinions on the best brokers for newbies vary, look for a solid trading educational portals like https://brokerchooser.com/, https://tradingbeasts.com/, https://www.investopedia.com/. Each of them recommends different companies, but I believe they are all solid options so check out some reviews and see what company you like the most.

fx choice is a good broker .

The best is to find a broker that implements firmwide hedging of OTC positions (globally) as company policy. There are not so many such brokers 😎

tacet posted:
The best is to find a broker that implements firmwide hedging of OTC positions (globally) as company policy. There are not so many such brokers 😎

It is better to find a brokerage with strong regulations and a guarantee of client asset protections which prevent the brokerage from encouraging bad trading from their clients.

Professional4X posted:
It is better to find a brokerage with strong regulations and a guarantee of client asset protections which prevent the brokerage from encouraging bad trading from their clients.

yes - it's the first of the firsts - without a doubt..

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.

I'm new here. just wanna mention that USGFX has good reputation.

The most important think is the broker in Fx trading, because the broker can affects the result of our trading with certainly. for leading a healthy and secure trading life we the traders have to choose the broker which for all time make sure secure environment for trading . Actually the most credible trading for all time ensures security of funds at any kinds of investments with a wide range of trading technologies.

I am using AxiTrader for trading my small $ account. 10$ are minimum deposit, but 100$ value is enough for comfortable trading.

NenadX posted:
I am using AxiTrader for trading my small $ account. 10$ are minimum deposit, but 100$ value is enough for comfortable trading.

does it blow up easily when you deposit $10 into your account?

JaniceLiu posted:

NenadX posted:
I am using AxiTrader for trading my small $ account. 10$ are minimum deposit, but 100$ value is enough for comfortable trading.

does it blow up easily when you deposit $10 into your account?

Sorry, it seems a link to another broker was deleted. AxiTrader have 250$ minimum and 1:100 leverage.

Another broker have 1:100 leverage as well, but it is using BTC as an account currency. With 10$ you can't do much, but with 100$ you can be comfortable.

The broker can affects the result of our trading with certainly, so choosing a broker should be in cool mind , please don’t choose a broker in an emotional state, it would be great if we choose the broker which is more appropriate to the concept of trading that will be used , the traders who are particularly scalpers have to choose the broker which allows trading concept such as this.

As a newbie, there are many factors which one should look for in a broker like you might want to look at the reputation of the broker then leverage, tight spreads, execution speed etc. However, to check this, demo account is not gonna work, you need to open a real account. May be you can start up with a micro account. To start with, I think Turnkey Forex would be nice. They are pretty reliable and reasonable when it comes to trading conditions and services.

wow. all of you have so many creteria when chosing broker. it's so cool there are forums where you can barter with experience and opinions. probably i decided fo myself when chosing a broker i'll pay attention to spreads, swaps, commissions, leverage and the ways to replanish acc.
and as i read before i'll check demo acc first.

Hey, I was using IC Markets, who was best at that time but then IC Markets ratings and trading factors are not that great as before.

So currently in search of a broker that is better than IC in spreads, commission and should be active for a minimum of 5 years.

Vantage FX. Been using them for years.

Lots of good brokers out there if you do your research, have a look on Forex Peace Army reviews and you can see genuine reviews.

Tell you what, I deal with dekocorp and even though I'm not a newbie in trading I can definitely recommend it to you. This broker has many offerings and features so you won't experience problems with joining trading. They are pretty safe so you won't worry about your funds.