How can we find a reliable platform?

When choosing a FOREX broker, you should always consider security, support, fees and regulations before you decide.
So in order to find a regulated forex broker with a great reputation, consider these things:
Where are the broker regulated
FCA
FSA
CySEC
FINRA
CFTC
ASIC
How many years have they been in business?
Have they survived bear markets, and big client losses?
How much do they have in deposit guarantee?
Are they holding you account deposit in a segregated bank?
What support opportunities do they offer?

When you have answered these first questions, you can begin to compare spreads, fees, inactivity fees, charting software and anything else that might also be important for you as a trader.
When you compare the best and regulated forex brokers you should consider:
Spreads
Trading fees
Inactivity fees
Account fees
Charting software

And also what kind of order execution (DD/NDD/DMA/STP/ECN) is the broker using.

@estraub What's the difference between that? I know STP and ECN, what about the rest?

Vivianng posted:
@estraub What's the difference between that? I know STP and ECN, what about the rest?

Certain brokers work as Market Makers and have fixed spreads, others provide STP or ECN accounts with direct market access and offer much more underlying assets for trading. This website https://fx-list.com/ should help you find the most suitable Forex Broker to meet your needs and requirements. There are several sections and filters on the left menu, use them to form a list of entities with appropriate parameters and characteristics. If you find a broker you used or continue to work with, please share some experience and leave a review about it. That would be helpful for all traders out there.

crabby12 posted:

Vivianng posted:
@estraub What's the difference between that? I know STP and ECN, what about the rest?

Certain brokers work as Market Makers and have fixed spreads, others provide STP or ECN accounts with direct market access and offer much more underlying assets for trading. This website https://fx-list.com/ should help you find the most suitable Forex Broker to meet your needs and requirements. There are several sections and filters on the left menu, use them to form a list of entities with appropriate parameters and characteristics. If you find a broker you used or continue to work with, please share some experience and leave a review about it. That would be helpful for all traders out there.

Now I know DD= Dealing Desk, NDD = Non Dealing Desk, DMA= Direct Market Access!

Anyway, thank you Frank!

That is a good list candicesummer I believe it should be combined with the topic Best Broker for a Newbie

many trader worry too much about broker. Just pick one of the big ones that is regulated. spend the time you save worrying about how to actually trade!!!!!!

TiffanyK posted:
That is a good list candicesummer I believe it should be combined with the topic Best Broker for a Newbie

No such thing as a best for all broker... What's good for you may not be good for me and vice versa.
So, no. However, this list is a good place to start when looking for a reliable broker. From then on it's all about that broker having the best conditions for your trading style and needs.

estraub posted:

TiffanyK posted:
That is a good list candicesummer I believe it should be combined with the topic Best Broker for a Newbie

No such thing as a best for all broker... What's good for you may not be good for me and vice versa.
So, no. However, this list is a good place to start when looking for a reliable broker. From then on it's all about that broker having the best conditions for your trading style and needs.

couldn't agree more. everyone has different preferences and requirement. all the brokers in the market are working to stay and make profit. so, what suits one , may not suit the other.

estraub posted:

TiffanyK posted:
That is a good list candicesummer I believe it should be combined with the topic Best Broker for a Newbie

No such thing as a best for all broker... What's good for you may not be good for me and vice versa.
So, no. However, this list is a good place to start when looking for a reliable broker. From then on it's all about that broker having the best conditions for your trading style and needs.

That is 100% true estraub – if I see my broker as the best one you may have different criteria’s and don’t see it that good as I do. I was just mentioning that the current topic we are discussing at with subject : “How can we find a reliable platform” could be combined with topic with subject : “Best Brokers for Newbie”.

There are some points to check when choosing the broker. First of all, you need to explore reviews and if possible connect with traders that are already working with that broker. Secondly, check agreement and fees policy. And the last one, check how their support service works, as it's one of the best indicators of brokers reliability. I was always guided by these three points and never failed, so I think they work.

sometimes we try to confirm brokers real performance by using demo trading , but in practical lots of difference there is between demo and live on a broker.

First of all I pay attention to the feedback and descriptions on the forums, after that I read the agreement and test the broker's platform for a demo, and the next stage is a deposit, a small test period and the subsequent withdrawal of funds, and if everything went without questions, then you are on top of it and you can build a further action plan and raise capital for more serious work.

1: Highly regulated
2: well known
3: No Major negative report
3: Good customer support
4: And they've true ECN or STP account.
That's all

candicesummer posted:
When choosing a FOREX broker, you should always consider security, support, fees and regulations before you decide.
So in order to find a regulated forex broker with a great reputation, consider these things:
Where are the broker regulated
FCA
FSA
CySEC
FINRA
CFTC
ASIC
How many years have they been in business?
Have they survived bear markets, and big client losses?
How much do they have in deposit guarantee?
Are they holding you account deposit in a segregated bank?
What support opportunities do they offer?

When you have answered these first questions, you can begin to compare spreads, fees, inactivity fees, charting software and anything else that might also be important for you as a trader.
When you compare the best and regulated forex brokers you should consider:
Spreads
Trading fees
Inactivity fees
Account fees
Charting software

yes good post there, i agree ...and agree that regulation is important but i have still had issues (delays with withdrawals as well as trade discrepancies) with a regulated broker, and not with unregulated. you get good and bad of both and we must not forget that.

it is interesting

regulation isnot everything when it comes to the service - i learnt this the hard way

Forex is a very complicated market. It needs more and more study to become a successful trader. You have to learn all the tools and techniques of forex. You also have knowledge about the latest information and news about forex.

Some of the worst brokers out there are regulated ones....