While picking up a broker, we should go for ECN brokers as they use smart bridge technology and provide other facilities moderately. Other than ECN brokers, there are also brokers of different types including STP and market maker.
At the time of choosing a broker, we shouldn’t only consider its regulation and facilities rather we should also consider whether the broker supports the specific type of trading that we follow. Eurotrader is a regulated broker and makes sure instant support whenever traders need it.
Yes good broker is needed when deal to join in forex trading business, when traders are already able to make money consistently in trading, with choose a reputable broker will give comfortable to running a business in the long term, so far I use FXOpen broker
Yes, for both forex and stock trading, a good broker is needed. First, go through the advantages and disadvantages of both forex and stock trading. Then, make a comparison between these two. If you think Forex is more compatible for you, then start trading with a reliable trading broker. But keep earning knowledge through practicing as long as you are with the market.
Have a look at ic markets, i have been with them now for 14 months using there ctrader platform. i am on raw spreads so zero spread on eurusd only pay comms $3 either side. Prefer ctrader over mt4-5 but that is my personal view.
But ic market i have found to be reliable no freezes, support is good used support a couple of times during UK hours so usually put through to there Cyprus office.
Ometara posted: I have heard FP are good. I haven't tried them but the reviews are good
FXOpen is also a good broker, the company was established in 2005 and the broker is regulated in the UK, AU, and EU, the spread starts from 0.0 pips because this is a true ECN broker, and so far not faced any problems since using their services.
A good broker should provide their clients with a secure trading platform and a range of trading tools and resources. They should also offer competitive trading conditions, such as low spreads, fast execution, and minimal slippage. Additionally, a good broker should be transparent and provide clear information about their fees, commissions, and other costs associated with trading.
A good broker is a broker which constantly guarantees their clients deposit with a broad assortment of trading advancements. Moreover, any kind of good broker does not limit any sorts of trading methodologies with scalping and supporting. They for the most part ensures best trading condition for using any trading frameworks by giving low trading spreads.
HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors.
Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance.
You could lose some or all of your initial investment. Do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading, and seek advice from an independent financial or tax advisor if you have any questions.
Any data and information is provided 'as is' solely for informational purposes, and is not intended for trading purposes or advice.
Past performance is not indicative of future results.