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What safety measure I need to take before choosing any forex broker?
Ahli sejak Dec 05, 2020
76 hantaran
Dec 29, 2020 at 08:01
Ahli sejak Dec 05, 2020
76 hantaran
jamesmaxwell52 posted:
I don’t pay attention to the regulation or whatever. I just trade and make money. Simple as that.
Is it? Aren't you scared about the scams?
Ahli sejak Jul 09, 2020
30 hantaran
Jan 01, 2021 at 05:47
Ahli sejak Jul 09, 2020
30 hantaran
The list of what all to consider when finalising on a broker are endless. But my top 3 things to look into are: deposits and withdrawals, leverage and order execution.
Ahli sejak Oct 08, 2020
17 hantaran
Jan 04, 2021 at 04:12
Ahli sejak Oct 08, 2020
17 hantaran
I consider slippage to be a very important factor. I know that some sort of slippage is bound to happen, but many fractions of a second of slippage is only acceptable. The trading environment that I get with the brokers I am using right now is fine till now. I have noticed that big slippage occurs on any platform when an important announcement is made. I avoid news trading.
Ahli sejak Aug 14, 2020
37 hantaran
Feb 25, 2021 at 12:45
Ahli sejak Aug 14, 2020
37 hantaran
Josuvaphilip posted:
What about their big trading fees, I feel they aren't suitable for all kinds of traders, especially the new ones who would be better off with a broker that requires low deposits and offers a simpler interface.
Agree with you on this. But there are many reputed brokers around that have quite low minimum deposit requirement like fxview, xm, hotforex and many more.
Ahli sejak Sep 12, 2017
232 hantaran
Mar 02, 2021 at 06:18
Ahli sejak Sep 12, 2017
232 hantaran
first thing is regulation and broker type..one needs to be aware for how long is the broker functioning and is it reliable or not..
Ahli sejak May 13, 2020
7 hantaran
Jun 28, 2021 at 09:48
Ahli sejak May 13, 2020
7 hantaran
Searching for information on a forum with reviews will not hurt you in any way, it is always good to do it. Watch overview videos on YouTube from popular bloggers. Try to trade the minimum deposit to test the broker's conditions.
The success is mine
Ahli sejak Apr 03, 2021
437 hantaran
Jul 04, 2021 at 22:49
Ahli sejak Apr 03, 2021
437 hantaran
I am already found my broker and work with them for more than eight years, so far so good and no problem, this company regulated in ASIC, FCA, and Cysec, namely FXOpen broker, about spread in my view also included low or competitive spread, especially pair USD included XAUUSD.
Ahli sejak Nov 29, 2020
10 hantaran
Sep 16, 2021 at 16:44
Ahli sejak Nov 29, 2020
10 hantaran
Speaking about safety measures, then I guess you should determine whether a potential broker a scam or not. It's kinda easy to determine, you just need to check licenses and apply to customer support. Often customer support give you the understanding that you would better stay off a broker. It replies too long and pretty rude. Scammers don't care about customer support, hence it's awful. Moreover, you have to check withdrawal and depositing process. Actually, there are no issues with depositing, while there might be some troubles with wthdrawals in case of scam. Check these things and make some conclusions.
Ahli sejak Jul 19, 2020
749 hantaran
Oct 05, 2021 at 06:53
Ahli sejak Jul 19, 2020
749 hantaran
First you have to see whether the broker is regulated and licensed or not. If not regulated and licensed, move to another one. Then check the facilities you want for your trading like deposit method, spreads, leverage etc.
Ahli sejak Mar 28, 2021
586 hantaran
Oct 05, 2021 at 14:33
Ahli sejak Mar 28, 2021
586 hantaran
First safety is regulation and license. If the broker is properly regulated and licensed, then you can go for it if other things match your requirements.
Ahli sejak Jul 19, 2020
742 hantaran
Oct 06, 2021 at 02:20
Ahli sejak Jul 19, 2020
742 hantaran
No matter which broker I go to, it must be regulated.
Ahli sejak Jul 01, 2019
29 hantaran
Oct 14, 2021 at 18:15
Ahli sejak Jul 01, 2019
29 hantaran
There are lots of measures which you need to choose a broker in order to trade safely. For example, you ought to check all the information about your broker mostly because you need to be convinced that everything is okay with and it's not a scammer. There are several ways how to do it. Forstly, you have to check all the information concerning regulations,licenses and certifications. Secondly, you should check client service from a certain broker, how fast they reply, how polite are they and something liek that. Finally, you should check that there are no issues with withdrawing and depositing money.
Ahli sejak Jul 19, 2020
742 hantaran
Nov 07, 2021 at 00:48
Ahli sejak Jul 19, 2020
742 hantaran
You need to choose a regulated broker to build loyalty. And it would be better if the spread of that broker is less.
Ahli sejak Dec 28, 2019
23 hantaran
Nov 11, 2021 at 08:26
Ahli sejak Dec 28, 2019
23 hantaran
The main safety measure is to convince that your broker might be considered as a reliable one. I believe that there are sveral ways how to determine a proper broker. For example, I always chekc three main things in my opinion, which can determine whether a broker is reliable or not. These things are the work of customer support, processes of withdrawing and depositing money, and the presence of regulations and certifications. I think you have to check these things before pick a particular broker as your primary, maybe it isn't the same as you got used to think.
Ahli sejak Jan 22, 2021
126 hantaran
Nov 11, 2021 at 11:57
Ahli sejak Jan 22, 2021
126 hantaran
I always choose a broker which is registered with a strong financial regulatory body. I have started with pepperstone and traded for 1 year but later on switched to fxview though both are well regulated but latter one is pretty light on commissions and offer tight spreads.
Ahli sejak Jul 23, 2020
696 hantaran
Jan 04, 2022 at 07:19
Ahli sejak Jul 23, 2020
696 hantaran
A good broker will always be consistent with its services and never cheat on its customers.
Ahli sejak Apr 28, 2016
2 hantaran
Jan 04, 2022 at 17:54
Ahli sejak Apr 28, 2016
2 hantaran
if you trade up to $ 1000, then by and large there is no difference through which broker to trade, the main thing is to like the conditions.
and if the amount is greater, I recommend first of all to consider brokers licensed in your country
and if the amount is greater, I recommend first of all to consider brokers licensed in your country
Ahli sejak Jul 23, 2020
816 hantaran
Jan 06, 2022 at 04:22
Ahli sejak Jul 23, 2020
816 hantaran
It's an important decision to pick the correct broker as choosing the wrong one may cost you a lot of money.
Ahli sejak Oct 30, 2019
22 hantaran
Jan 13, 2022 at 19:10
Ahli sejak Oct 30, 2019
22 hantaran
The main thing is to be convinced that your broker can be considered as trustowrthy one. You have to check all he regulations, certifications and licenses in order to be sure that your broker execute its duties in accordance with special regulator. Moreover, you should check the system of depositing and withdrawing money. Sometimes unhonest brokers cheat on their traders because of this system. They allow traders to deposit money but they don't let traders to withdraw earned sums. There are plenty of peculiarities actually. In addition, you can check reviews in the internet about particular brokers in order to understand whether this broker recommended itself in trading community as a reliable one, or not.
Ahli sejak Aug 05, 2021
394 hantaran
May 20, 2022 at 16:11
Ahli sejak Aug 05, 2021
394 hantaran
Always read reviews from other real traders so you can get an idea of things go as far as customer support, withdrawing, and any red flags that may come up. Look out for posts about withdrawal issues. Also, remember that some traders may be angry with the broker when it was actually their fault they lost money, so I try to find multiple comments about the same problem.

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