Newbie requesting for advice.

Hi all,

virgin post.
would like to know if there are any safe brokers for me to trade with?
i am situated in the sunny island of singapore.
appreciate the help.
thanks.

Hello, just to understand - what do you mean with safe?
Safe for funds (clients funds to be segregated from the companies) or anything else? Or which one offer better trading conditions?

LouAtWork posted:
Hi all,

virgin post.
would like to know if there are any safe brokers for me to trade with?
i am situated in the sunny island of singapore.
appreciate the help.
thanks.

I will send you a private message.

Hi Louis,

I'm with VantageFX. We are regulated by both the ASIC in Australia and FCA in the UK. Would you like more details?

If you are more specific with 'safe brokers' maybe there will be many more suggestions. Elaborate more on the important things for you when choosing a broker.

Hi everyone..... I'm trading Forex only - major pairs. I am a newbie and I can't really understand how exactly the news are effecting the market price. Is it enough to concentrate on the technical analysis?

there are no safe brokers but I can tell you that oanda has had any problems with US regs unlike forex.com and FXCM (lol). traders way isn't regulated however they have cTrader available but they do charge shit to of fees now with oanda you can trade below micro lots if you want to test you strategy with like 50$ in your account just my 2 cents

oanda hasn't had any problems*

icepower72 posted:
Hi everyone..... I'm trading Forex only - major pairs. I am a newbie and I can't really understand how exactly the news are effecting the market price. Is it enough to concentrate on the technical analysis?

In my opinion, to be a truly great trader you need to understand both technical and fundamental analysis.

rainfall posted:
there are no safe brokers but I can tell you that oanda has had any problems with US regs unlike forex.com and FXCM (lol). traders way isn't regulated however they have cTrader available but they do charge shit to of fees now with oanda you can trade below micro lots if you want to test you strategy with like 50$ in your account just my 2 cents

Oanda has two options for traders in their pricing.
One with with commission and a slightly lower spread, or you can opt out of commissions and get pure spread only.

Both are extremely reasonable. The typical spread on Oanda without the commission is around 2 PIPS on EURUSD, with the commission it's about 1 PIP.

I have accounts at both Oanda and Traders Way, and I've never had a problem with either of them. I do like oanda though, because on smaller accounts you can trade smaller than 0.01 lot sizes on their standard forex accounts.

I wouldn't say 1 pip spread on EURUSD is reasonable if you can easily find brokers with spread around 0,5 pip. Darwinex, Lmax, Squared name only few. All of them regulated and have good reputation

I wouldn't say 1 pips on EURUSD is reasonable if you can easily find brokers with spread about 0,5 pip. Darwinex, Lmax, Squared name only few. All of them regulated and with good reputation.

VantageFX has no Commsion...

OANDA is a good broker from what I've heard and read. I've seen very very few bad reviews - everything else is positive. I've never tried to trade with them, but got curious now... and it sounds 'safe' enough :D

PeteVantageFXCN posted:
VantageFX has no Commsion...

no commission! they must live from fresh water and love

Just the spreads which are extremely low actually mate.

I'm trading with Teletrade. You can find out this broker.

TiffanyK posted:
OANDA is a good broker from what I've heard and read. I've seen very very few bad reviews - everything else is positive. I've never tried to trade with them, but got curious now... and it sounds 'safe' enough :D

You havent been on there Facebook Page recently? The reviews arent great at all!

I have account for 5 years at Admiral Markets- never had problems ... can recommend them 100%