Best Broker for a Newbie

Trading Darwinex is costly so I would not recommend it to newbie

Use reputed brokers like fxpro, tickmill, icmarkets etc who are completely regulated and have a good track record. AVOID fxprimus, exness etc who stole my money in past with false accusations. you can read reviews in google before choosing a broker as well.

togr posted:
Trading Darwinex is costly so I would not recommend it to newbie

mate, are you serious ? If you mean 500 usd to be deposited, it is absolutely normal! or you wanna get cheap and professional services for 100$ ? )) be realistic! I've tested many brokers, so I know what I am talking about. Analysis of broker should be complex, not only min. deposit amount, but realiability, execution, spreads, comission etc. also.

But if you are a newbie getting started the minimum account size is very important.

trendtrader05 posted:
Use reputed brokers like fxpro, tickmill, icmarkets etc who are completely regulated and have a good track record. AVOID fxprimus, exness etc who stole my money in past with false accusations. you can read reviews in google before choosing a broker as well.

Exactly!

Pikasso posted:

togr posted:
Trading Darwinex is costly so I would not recommend it to newbie

mate, are you serious ? If you mean 500 usd to be deposited, it is absolutely normal! or you wanna get cheap and professional services for 100$ ? )) be realistic! I've tested many brokers, so I know what I am talking about. Analysis of broker should be complex, not only min. deposit amount, but realiability, execution, spreads, comission etc. also.

Yes I am serious.
e.g. IcMarkets is serious broker
It has much better conditions which a newbie needs to succeed.

Not talking about min deposit to be clear
Mainly the spread.

Il y a quelques raisons pour lesquelles j'ai choisi FXPRO. Tout d'abord c'est une entreprise ancienne et bien connue avec des licences. Ils offrent une liquidité élevée et les spreads sont souvent les plus bas du marché. Il n'y a pas non plus de dérapage sur l'exécution instantanée. Le support client est également encouragé, ils travaillent 24h /7. Une autre des caractéristiques importantes qu'il n'y a pas de restrictions imposées sur les stratégies de scalping et ils offrent une protection de solde négatif.

RichardClotaire posted:
Il y a quelques raisons pour lesquelles j'ai choisi FXPRO. Tout d'abord c'est une entreprise ancienne et bien connue avec des licences. Ils offrent une liquidité élevée et les spreads sont souvent les plus bas du marché. Il n'y a pas non plus de dérapage sur l'exécution instantanée. Le support client est également encouragé, ils travaillent 24h /7. Une autre des caractéristiques importantes qu'il n'y a pas de restrictions imposées sur les stratégies de scalping et ils offrent une protection de solde négatif.

FxPro is good, the spreads are bit higher though

For newbie i recommend USG, which is an Australia company

charlesforex posted:
For newbie i recommend USG, which is an Australia company

Nope
It has very bad reputation

USGFX is the worst broker I've ever encountered.
Agent is unresponsive and requires so many documents to open an account with them.
I tried making deposit into my account and it keeps saying transaction failed but when i checked my bank account they've already deducted the payment from my debit card ( dishonest broker ).
Another thing that causes confusion is they listed in their website that phone bills are accepted as a form to prove the residency of their clients. However , when I uploaded my phone bill to prove my residence they said it's not allowed. ( then you should have made it clear in the first place ! )
There's better brokers out there so please avoid engaging usgfx as your broker at all cost !

Zaltan,
South Africa,
Oct 31, 2017,
Registered user
 High Spreads & withdrawal fees.
This broker has extremely high Spreads & high withdrawal fees of up to 3.5%. Other brokers don't charge any withdrawal fees. I wonder why any broker would charge withdrawal fees for my money when they're already making profits through my trading via spreads & such.

Mario,
Tobago, Trinidad and Tobago,
Oct 26, 2017,
Guest
Absolutely horrible !!!!!!!!!!!!

Worst broker I've been with.

They close your trades just like that...I've had over 20 trades closed with them. ALl which would've gone into profits.

Just like that they close your trades

Avoid them at ALL costs please !!!!

For ensuring a better trading life we have to ensure the broker which always provides security of funds , superior execution , easy withdrawal system without long term process, active customer services , flexible trading leverage , minimum margin requirements usable bonus offer , low transaction cost and much more.

Before large investments we generally open a demo account in a broker to see the performance how it works. But I have seen, after large investments brokers attitude changes sometimes that is not available in micro accounts.

PriceAction13 posted:
For ensuring a better trading life we have to ensure the broker which always provides security of funds , superior execution , easy withdrawal system without long term process, active customer services , flexible trading leverage , minimum margin requirements usable bonus offer , low transaction cost and much more.

I fully agree with your words. It is very important the broker has a regulation, as well as a lot of ways to deposit/withdraw.

According to me, we the traders have to choose our brokers in cool mind , please don’t choose a broker in an emotional state , because the trading broker can affects the result of our trading with certainly.

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.

For those looking for a good broker, I think the list here is very helpful:
https://www.wvwv.org/forex-brokers/forex-brokers-ranking.html

togr posted:

charlesforex posted:
For newbie i recommend USG, which is an Australia company

Nope
It has very bad reputation

USGFX is the worst broker I've ever encountered.
Agent is unresponsive and requires so many documents to open an account with them.
I tried making deposit into my account and it keeps saying transaction failed but when i checked my bank account they've already deducted the payment from my debit card ( dishonest broker ).
Another thing that causes confusion is they listed in their website that phone bills are accepted as a form to prove the residency of their clients. However , when I uploaded my phone bill to prove my residence they said it's not allowed. ( then you should have made it clear in the first place ! )
There's better brokers out there so please avoid engaging usgfx as your broker at all cost !

Zaltan,
South Africa,
Oct 31, 2017,
Registered user
 High Spreads & withdrawal fees.
This broker has extremely high Spreads & high withdrawal fees of up to 3.5%. Other brokers don't charge any withdrawal fees. I wonder why any broker would charge withdrawal fees for my money when they're already making profits through my trading via spreads & such.

Mario,
Tobago, Trinidad and Tobago,
Oct 26, 2017,
Guest
Absolutely horrible !!!!!!!!!!!!

Worst broker I've been with.

They close your trades just like that...I've had over 20 trades closed with them. ALl which would've gone into profits.

Just like that they close your trades

Avoid them at ALL costs please !!!!

I do not know what experience you have had with all these negative reviews. These reviews aren't yours and neither do I think you personally experienced any of these issues before.

https://www.forexpeacearmy.com/forex-reviews/10818/www.usgfx.com
https://www.forexfraud.com/forex-broker-reviews/usgfx

For an unbiased review, please check out on various broker reviews before making such comments.

I'm not so sure about that list. You say that the brokers are ordered based on tough 'criteria' but you never actually mention what the criteria is? Maybe the criteria is how much commission they pay you!!!