Choosing the Right Broker

Choosing a good broker is not an easy task. You have to be very careful when you are going to choose a good broker. Because there are so many fake brokers which can put you in great danger.

A good broker can make you rich. On the other hand, A bad broker can put your investment in a great danger. So, be careful when you choose a broker for you.

GeorgeBischof posted:
Choosing a good broker is not an easy task. You have to be very careful when you are going to choose a good broker. Because there are so many fake brokers which can put you in great danger.

Most of time unregulated brokers are scam brokers. If you are investing in unregulated one, it would be up to you. Regulator will not help you if something goes wrong.

While choosing broker avoid non regulated broker. Among regulated broker check the quality of the broker. If you like scalping you have to choose a broker that allows scalping. Requotes is also very irritating. Check for it.

If you want to make money from this market, you need to choose the best and reliable broker from this market.

Give yourself time to choose the right, reliable and safe broker, because a large part of your trading success will depend on it.

trader needs to be careful while choosing a good reliable broker, I think traders should go for the regulated brokers.

LyudmilLukanov posted:

GeorgeBischof posted:
Choosing a good broker is not an easy task. You have to be very careful when you are going to choose a good broker. Because there are so many fake brokers which can put you in great danger.

Most of time unregulated brokers are scam brokers. If you are investing in unregulated one, it would be up to you. Regulator will not help you if something goes wrong.

Well said. Unregulated brokers can't be totally relied upon. Regulated brokers like Fxview, ICM, Xm are much safer options to be with when choosing a broker.

The most crucial part of trading is choosing the right broker. I trade with FP Markets an ASIC and CYSEC regulated broker. Since I scalp, the main criteria are spreads and execution.

The spreads in FP Markets start from low as 0pips and execution speed is faster when compared to other similar brokers.

Finding the right broker is the most difficult task in this market. There are so many fake brokers in this market. Due to which many traders had lost their money. You have to be very careful at the time of choosing the right broker. You can take help from the websites that provide broker reviews. Take enough time to choose the right, reliable and safe broker because a large part of your trading success depends on it.

Justin990 posted:
In my trading experience as a scalper, I would say FP Markets is the right choice of a broker because of the spreads they offered is some of the lowest and it has a faster execution speed when compared to my previous brokers like XM and IC Markets.

Since how long have you been using them now?

I am very careful when choosing a broker and made a choice in favor of a market because they provide a spread of 0.2 pips and a trading leverage of 1: 1000

it is one of the tuffest job to search for the right brOKER. Other than the regulation we need to see the broker that actually fulfils the basic requirements like spreads, commission and features like scalping hedging. So i believe it is not always right to go by the names but also check it yourself by trying the demo.

Mauk posted:
I am very careful when choosing a broker and made a choice in favor of a market because they provide a spread of 0.2 pips and a trading leverage of 1: 1000

woah! ain't 1000x too high? i mean, i got around 0.2 pips with fxview or ICM, but 1000x? your broker regulated? don't you feel unsafe with such high leverage?

'Does anyone trade with an ECN pricing broker that offers lower spreads and fast execution?

I was a previous trader with pepperstone, at First the spreads and execution were good, but after some time the spreads were not consistent, and execution speed was not the same.'

NathanJr posted:
'Does anyone trade with an ECN pricing broker that offers lower spreads and fast execution?

I was a previous trader with pepperstone, at First the spreads and execution were good, but after some time the spreads were not consistent, and execution speed was not the same.'

I trade with fxview and they are good, both spreads and execution wise.

the broker with regulation, good leverage is the correct broker for you, do check the spreads and execution on the demo first.

BenNathanFX posted:
With the multitude of scam brokers and bogus reviews out there finding a broker is mega hard, or at least mega confusing, so I created a video to go through the steps I take when looking at a new broker - these can be applied to any broker you look at so I hope this helps some people.

https://dailyforexschool.com/blog/blog/5-steps-to-choosing-the-right-broker

Especially Read the latest reviews on top forex broker...

https://fxreviewtrading.com/broker/investlite/

To make the first experience as pleasant as possible, it is better for a novice trader to choose a broker with a minimum initial deposit, so that in case of an unsuccessful transaction, he does not lose much