Finding a right broker actually is a big challenge in 2017; because there are almost thousands on line brokers in retail market place and most of them are found to be scams. Before recommend at any brokers we the traders have to trade with them practically, we can open a minim account at any broker to see the performance how it works.
Just glancing over the first page of this thread and surprised how much BS gets thrown around. Your best bet is finding an IB who not only knows brokers, but gets you a better deal than if you'd just walked in off the street. Professional IBs will have a range of quality brokers for you to choose from across the various regulatory jurisdictions and can save you as much as 20% in fees.
Both of those comparison sites are actually hopeless lol 100 has been listing outdated/incorrect data for years and the whole idea of the website is listing every broker that exists so you have to sift through a ton of crap. I'm not going to spam my offering here, but we only work with true ECN brokers which cuts the BS right from the get go.
Matas21 posted: Comparision website are very limited when it comes to brokers. Better find a few brokers that seem good and then conduct your own research
From my experience as an IB and owner of a comparison site, most traders actually make a very poor choice when they do their own research. This is no reflection on their trading abilities, brokers just aren't their speciality. The Myxfbook spread comparison and volume comparison tools are very handy, but if traders use them at all, they tend to only look at live conditions, rather than delving a little deeper and looking at averages.
Even if you do manage to select the best broker, if go it alone, without a value-adding IB, you often pay 20% more than you need to in commission charges.
Let's do a little test Matas21 - who do you trade with and do you pay full price or get rebates?
We can choose a broker which always ensures security of funds at any kinds of investments , lowest trading spreads for using any kinds of trading strategies, low transaction cost and much more that are very supportive to lead a comfortable trading life with certainly.
From all trading elements in Fx spreads is mainly considered as an important financial tool which an investor should consider when choosing a broker. Lowest trading spreads is very much supportive to make profit with certainly by using any kinds of trading strategies in particularly the scalping that brings profit in a short time.
The problem is, pretty much every broker advertises their minimum spread. Then there's the liquidity issue too, if you are scalping and you start getting up to full lot multiples, slippage becomes a real issue at most retail ECNs. There is a huge difference between the best brokers and mediocre ones, even if this difference isn't obvious to the naked eye.
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.