Choosing the Right Broker

myfxbook also has a great section on spreads that is really helpful comparison

Pandapaws posted:
myfxbook also has a great section on spreads that is really helpful comparison

Yea sure, i am 100% agree with you.

Pandapaws posted:
myfxbook also has a great section on spreads that is really helpful comparison

No doubt, it’s a good option; but trading spread is not everything! Without the regulation status, there is no value on the trading feature.

The broker we the traders have to choose which is more reputed by the traders and always ensures best trading environment for using any kinds of trading techniques with scalping and hedging by providing lowest trading spreads as well as minimum margin requirements. it would be great for us to lead a comfortable trading life with certainly.

Hey
I found something like that.
https://www.fxtradingrevolution.com/brokers-truth.html

Hong Kong’s Securities and Futures Commission (SFC) has issued a warning against the forex brokers IMS FX and TechoFX. (https://www.forexbrokerz.com/news/Hong-Kongs-SFC-warns-of-IMS-FX-TechoFx ) Both are claiming to have addresses in Hong Kong, but the former’s claim is false, while the address of the latter belongs to a secretarial company. Worse still, they are making false regulation claims.

The best forex broker is very difficult to make sure right now. Because lost of trading brokers are available in this retail market place and most of them are found to be scams. We can choose the broker which is more appropriate to the concept of that will be used; the scalpers have to choose the broker which allows trading concept such as this.

These forums are very helpful in finding the right broker. But the only ways to find the perfect broker is by trying hands on the trading platforms of different brokers yourself and analyze their trading conditions may be in a demo or micro account. I am a US trader and went for offshore brokers after finding this link on babypips. https://forums.babypips.com/t/going-offshore-to-escape-the-cftc/35612
Maybe it is helpful for anyone here. Thanks.

Here I m sharing few points about how to choose the forex broker


- Check the Regulatory Agency
- Read Reviews
- Find a Convenient Broker With Good Spreads
- Commission for Broker
- Trading Platforms
- Customer Service
- Reputation
- Data Security
- Trading Style
- Account Options

In this market place there are almost thousands online broker are available and most of them are found to be scams. So when choosing a broker we have to be in cool mind, please don’t choose a broker in an emotional state, because the broker can affects the result of our trading with certainly.

It's good to diversify the brokers in order to secure your funds. But it should be done only if you're in 'okayish' or 'average' relationship with existing broker.

DukeMark posted:
It's good to diversify the brokers in order to secure your funds. But it should be done only if you're in 'okayish' or 'average' relationship with existing broker.

What is the need to trade with multiple brokers if i feel that my funds are totally secure with my existing brokers?

maria_taylor posted:

DukeMark posted:
It's good to diversify the brokers in order to secure your funds. But it should be done only if you're in 'okayish' or 'average' relationship with existing broker.

What is the need to trade with multiple brokers if i feel that my funds are totally secure with my existing brokers?

That's exactly what I've said indirectly. It's not advisable to diversify brokers if you are surety to the moon that existing broker is secured.
Peace!

Practically in order to our trading understanding we the traders choose our trading strategies. According to me , if you want to get maximal result by your trading strategy , first of all you have make sure the proper money management approach , otherwise that’s not possible at all to make profit at all with great consistency despite of most powerful analyzing trading strategy. so, it is more important to know how to manage money in Forex trading.

Mohammadi posted:
Practically in order to our trading understanding we the traders choose our trading strategies. According to me , if you want to get maximal result by your trading strategy , first of all you have make sure the proper money management approach , otherwise that’s not possible at all to make profit at all with great consistency despite of most powerful analyzing trading strategy. so, it is more important to know how to manage money in Forex trading.

Yes mate, money management is very important aspect here! By the way, may I know; how much risk do you take in your individual trade?

JamesAnderson posted:
Here I m sharing few points about how to choose the forex broker


- Check the Regulatory Agency
- Read Reviews
- Find a Convenient Broker With Good Spreads
- Commission for Broker
- Trading Platforms
- Customer Service
- Reputation
- Data Security
- Trading Style
- Account Options

Here are my criteria for a broker of my choice:
_ Regulated
_Good spreads
_DMA Broker
_Data and funds security
_Negative Balance protection and needed risk policies
_ No bonuses and markups

Which broker is good or not , right now it is quite difficult to make sure , because so many brokers are available and most of them are found to be scams. By the way, we can choose the regulated broker which is especially regulated by US UK or Australian. They are real regulated and always ensure security of funds with a wide range of trading technologies.

You better not to happen to resort to the risk policies of a broker. It is all nice and clean on the web site and when you have have to be covered practically it is always something unseen. Accurate risk management is everything you need..

Choosing the right broker is the most confusing and also the most crucial task. And I think there would be only few lucky people who successfully found a good broker in their first go.