I can recommend my current broker, FP Markets. I mostly use it for scalping since their spreads are tighter for certain major pairs like EURUSD, where it drops lower at 0 pips and averages around 0.1-0.3 pips for other currency pairs.
You won’t sink into depression when you know how to manage your trading properly. Professional traders never expand their expectation so high that pushes them into trouble. So, always try to start trading with a reliable trading broker to enjoy some facilities. Eurotrader is recognized as a secure and regulated trading broker.
I'm not a fan of fixed spreads because they are often pretty high. I like CedarFX, just to give some specifications - 1:500 leverage, variable spreads, no commission, same-day fee-free withdrawals, 24/7 support, and a wide variety of assets for trading. Worth looking into if you haven't chosen a broker yet.
I am not an operator of a particular platform. I think the choice of a broker needs to be decided based on your money. If you are willing to trade with only a small amount of money, most compliant brokers are viable. If you have a very large amount of money, you need to choose a more competent and compliant broker.
investfox in-depth review states that Interactive Broker has best scores in the majority of aspects, especially in Safety and Security. Accoridng to investfox rating methodology, every broker should ensure safety features in order to attract a vast number of people. You can always check out their thorough and 100% honest reviews on the investfox website.
I am an owner of trading account with ICmarkets, and I am quiet happy with the results. I am using risk management and raw spread account, to me this is suitable, but maybe because I have experience with working for a broker and I am aware of the little tricks that normally are used.
davesper posted: Before choosing a broker, I would advise you to work on a demo account first. This is a rather important aspect that deserves attention.
True! Imo, in addition to using a demo account for practice, the regulation and trading conditions should be taken into account when selecting a broker.
Definitely agree with you on that. btw wondering which broker are you trading with?
Trading with fxview from past 1 year.
have been hearing good stuff about them, was thinking to give them a try. Can you tell me more, how’s the spreads and withdrawals?
Yeah! A good broker. I decided on fxview because it meets my trading needs plus I never faced any problems in order execution and withdrawal. I'll advise you to check yourself before following anyone's recommendation.
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.
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