UweMoench posted: First your broker needs to be regulated and licensed. Instant execution of trades is very important as well. If your broker requotes a lot you need to switch it. Also you should looks spreads and deposit and withdrawal facilities.
do you believe unregulated brokers are not a good choice?
Nope. Would you ever give your money to someone you don't know? 😉
There are alot of traders that make the mistake of choosing abroad because it is recommended to them when it shouldn't always be the case. Choose A broker because you have found out that it is the right one for you and not just because you see a lot of its ads directed at you.
There are a lot of or bad brokers these days that follow traders into losing all their money in trades. The use programmed trading charts to make the traders win and lose as they want them to. it is all a matter of what you know first. You need to be careful in the forex market and especially when choosing a broker.
Bradley88 posted: I'm new into forex and looking for a broker to go live soon, as a beginner should i look for a broker based on spreads and commission if i want to scalp or based on reviews and leverage ?
Since you are new first and foremost thing to learn to spot out bonus bogus people. Now since you need a new broker, according to one of your requirements (low spreads and commissions), Fxview and tickmill are good options and as for reviews and leverage, well you should always check reviews before going with any broker. And as for leverage, I don't think any regulated broker will offer you high leverage, because then you're funds will be at stake. XM has over 888 but that is outside regulated hand. So better be careful on that front too. All the best!
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