Cordawield posted: There are generally accepted recommendations on how to choose a platform and what to look for, focus on them, and, of course, compare the conditions that are offered.
Comparing two or more platforms is a smart way of making a decision especially if it is about a platform. There are some factors that cannot be overlooked like commissions, any additional fees, spreads offered, leverage, trading conditions, withdrawals, deposits, etc. Always better to be prepared.
That works for me too and you know what I do, I simply make a list of platforms that are okay in terms of reliability and service. It is important for me to do my research before going with a platform. I did that when I was looking for brokers. I took 3 brokers, XTB, IG and Fxview and analysed their services and created a detailed account of what might suit my style. The customer support with these platforms was good and IG’s interface was easy to handle. I really liked the lower spreads offered by Fxview and the transaction cost was also low. I ended up using all three.
I also trade with Fxview. They really offer some tight spreads on ECN. IC Markets has good trading conditions too. I’m using these two brokers right now and they are regulated which is really important for me.
That is right. Make a detailed analysis of their services, conditions, spreads, withdrawals, payments, platforms, etc. These are quite important while selecting a broker. Some people even look for regulation.
For choosing a reliable platform, one needs to see features like one-tap trading, types of technical indicators, 9-time frames, compatibility with a broker and the market theatrics, different execution modes and others.
You can find a reliable broker only by your own efforts. It's pretty difficult, I know, but it will gain you experience and it will let you know hat do you need from your broker. You will choose various brokers and you will understand what you like in this broker and what you dislike in this broker, There are no other ways actually. No doubts, that you can ask on forums like this one to advice you a ood broker, but you should understand that every trader is individual and every trader needs particular conditions, which are provided by certain brokers.
Finding a reliable broker is not difficult since there are numerous options and a lot of data available to know whether a broker is worth trying or not. You only need to research properly. Be patient and explore as many options as you can. I started looking for brokers when I was only learning and by the time I was ready to trade live, I had a very clear choice and opened an account with finprotrading.
Your reliable platform must meet certain global standards. It should have all the necessary analysis and trading tools and I think you know what I mean. - A lot of indicators; - a wide choice of timeframes; - many assets of all kinds; - user-friendly interface; - high level of protection; In addition, it is important to be able to open orders quickly to avoid slippage. We know there will be slippages, but we have to make them as small as possible. Also pay attention to the execution of orders. It is important that it would be NDD. It has to be an ECN broker. In this case you are really working on the open market!
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