Aby korzystać z czatu, zaloguj się.
Powrót do kontaktów

Choosing the Right Broker

BlueDino20
Jan 02 2019 at 13:34
13 postów
Why do brokers have thin margins? Surely they makes loads of profit. If broker is a bucket shop then they will all the money that I lose. Surely they have huge margins. What are their costs, marketing, tech and some back office staff

AmDiab
Jan 09 2019 at 11:08
718 postów
pipstornado posted:
Not only regulated brokers, you need larger brokers with lots of clients or capital as regulator start imposing more and more compliance paperwork. Since brokers work with thin margin find it hard to keep up with paperwork that regulator requires.


Yes, it is! And, this is why we need to avoid extremity new Forex brokers. Because, most of the new brokers can’t keep continue.

AndrewBernard
Jan 09 2019 at 13:33
2 postów
A little thing a friend showed me is to check with CySEC website before you trade. Don't trust the broker- check there for yourself- like this https://www.cysec.gov.cy/en-GB/entities/investment-firms/cypriot/37704/ - brokers like mine naga markets is regulated there but some claim to be when they are not. Then you can see closed ones like Banc De Binary https://www.cysec.gov.cy/en-GB/entities/investment-firms/cypriot/37701/- sorry if you already knew this. it was interesting for me

jamesgwyther
Jan 16 2019 at 11:05
289 postów
I still use Hugo's Way. I enjoy the larger leverage and Crypto trading.

Adribaasmet
Jan 17 2019 at 11:44
947 postów
jamesgwyther posted:
I still use Hugo's Way. I enjoy the larger leverage and Crypto trading.


What’s the spreads on crypto? And what’s the trading leverage for crypto trading?

jamesgwyther
Jan 17 2019 at 13:39
289 postów
Adribaasmet posted:
jamesgwyther posted:
I still use Hugo's Way. I enjoy the larger leverage and Crypto trading.


What’s the spreads on crypto? And what’s the trading leverage for crypto trading?


The spreads on Crypto are good, compared with other brokers I have used and I get 100/1 leverage.

Pentz Consulting
ForexScreamer
Jan 18 2019 at 10:53
49 postów
I'm interested in FX Choice which is located in Belize. They accept US traders. I've had trouble getting my account funded however. The interim bank declined my wire transfer due to 'internal policy'. Is that a red flag I should be concerned about before I look at other funding options?

nick3232
Jan 20 2019 at 07:22
160 postów
ForexScreamer posted:
I'm interested in FX Choice which is located in Belize. They accept US traders. I've had trouble getting my account funded however. The interim bank declined my wire transfer due to 'internal policy'. Is that a red flag I should be concerned about before I look at other funding options?


it is said somewhere in the wire deposit section,you need to find another mode of payment ,just open a bitcoin acc at bitcoin.com (very easy) and they will load your $$ from your bank acc then deposit via bitcoin option on fx choice and problem solved

pipstornado
Jan 20 2019 at 11:54
4 postów
When opening an account with a new broker, make sure the broker request for your id and proof of address.
Brokers that don''t ask for any info and just allow you to find and start trading is a scam,
When comes time to withdraw, they will request proof of identity - need to be certified, notarised and sent by courier to some island country.

MOst legit brokers need to have KYC policy (Know your customer) in place before you start trading.
The only time you need to document is when comes to withdrawal- to proof that the destination bank account belongs to you. YOu do not need to certify etc. You should be able to upload the scan bank statement in the client portal.

Traders are attracted to unknown brokers registered in some far island nation is because you don't need any paperwork to start trading and you have deposit bonus on top of that. Traders have $100 but want to grow that to $1 mil in a hurry. So any bonus etc together with 1:2000 leverage seems attractive.

So brokers with bonus is a no-no for me.

AmDiab
Jan 20 2019 at 13:50
718 postów
ForexScreamer posted:
I'm interested in FX Choice which is located in Belize. They accept US traders. I've had trouble getting my account funded however. The interim bank declined my wire transfer due to 'internal policy'. Is that a red flag I should be concerned about before I look at other funding options?


Hello mate; you from? What’s tour main recommended feature on trading? please, don’t go with any new FX broker.

Zaloguj się aby skomentować .