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How to determine whether the platform is safe and reliable?

jinchenghao (jinchenghao)
Dec 11 2020 at 10:19
15 ieraksti
How to determine whether the platform is safe and reliable?

At the end of last week, many fans asked me how to identify the foreign exchange platform.

No matter what regulation is not regulated, we will teach you a simple and crude method. Bloomberg will search the name of the platform on the terminal to see how many users there are. Because the formal platform needs to do risk control and hedging, so many traders must keep in touch with the bank investment bank in real time in such a big booth, so it must use BB chicken, and making phone calls will definitely not work.Therefore, according to the number of BB, we can infer the completeness of the manpower and facilities of a platform trading department.Personal experience of more than one page belongs to reliable, sporadic 1 or 2 belong to at least in the business, none of them do not explain the garbage..



There are also a lot of personal comments asking me what ECN STP is better and so on. I once again emphasize that there is no ECN STP in retail foreign exchange margin. All platforms are positions with LP.

Even many large platforms will set up another LP company for their own business, which will be used for their own platforms and help other companies to handle their positions.The only difference is whether the platform you use is to take your own position or to just leave it all to another banker.The so-called ECN STP NDD is a marketing slogan to deceive Xiaobai and half hung employees, so we should not be caught in this mistake again.

Finally, I would like to reiterate that any overseas license is useless for retail investors in China, and any ECN or STP is also useless. The foreign exchange speculation of retail investors is specially designed for retail investors, which is different from the real foreign exchange market..

风控是交易的基础!微Macd1668
mikehussy332
Jan 04 at 08:55
21 ieraksti
You can check the services and reviews online or try to get some verification from the platform you want to trade with.

robindude
Jan 16 at 06:55
103 ieraksti
I would say to check the integrity of their regulatory body along with the genuine word of the mouth.

Kazile
Jan 17 at 13:34
111 ieraksti
The trading platform must be functional, secure, and respond quickly to any changes.

Femilas
Jan 19 at 08:43
30 ieraksti
The easiest way is, of course, to try it yourself and see for yourself.

deckking
Jan 22 at 06:35
21 ieraksti
A platform should provide good services and should be stable. You are right to say that it doesn’t matter if the platform is regulated or not and I believe as long as the trading conditions are suitable, it is okay to go with it. Like I’ve been trading with some brokers that fulfil my trading needs which are low spreads, commissions, fast withdrawals, good customer service. And in all these regards, Oanda, Fxview and TDA are good choices.

KnowFinance
Feb 01 at 11:21
80 ieraksti
The best way is to practice on a demo account first.

turnipfollow
Feb 03 at 11:25
27 ieraksti
Kazile posted:
The trading platform must be functional, secure, and respond quickly to any changes.

Yes, and I think the reliability factor to an extent comes from how well established a platform is. That’s why I think metatraders are so popular, especially MT4.

Kylealker87
Feb 03 at 13:03
34 ieraksti
turnipfollow posted:
Kazile posted:
The trading platform must be functional, secure, and respond quickly to any changes.

Yes, and I think the reliability factor to an extent comes from how well established a platform is. That’s why I think metatraders are so popular, especially MT4.

It is also to do with the fact that all the commercial EAs we get in the market are built for mt4.

turnipfollow
Feb 04 at 11:16
27 ieraksti
Kylealker87 posted:
turnipfollow posted:
Kazile posted:
The trading platform must be functional, secure, and respond quickly to any changes.

Yes, and I think the reliability factor to an extent comes from how well established a platform is. That’s why I think metatraders are so popular, especially MT4.

It is also to do with the fact that all the commercial EAs we get in the market are built for mt4.

I would think so, and that’s why although I change brokers often, I always use MT4, even with many other platforms offered with them, latest being fxview and xtb, chose MT4 over Acttrader or xstation.

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