Akasuki posted: You can use this criteria: The legality of the broker, Company address is real, Forex award winner, Customer review about this broker, Bonus and promotion, Easy to WD the profit.No restriction to use EA, scalping, hedging..etc
good information, Need to work with a regulated broker.
There are some tips actually, how to determine the reliability of the particular platform. The main tip is to try it and yes there is no better proof than your personal experience. You have to allocate particular sum of money, even the smallest one and try to trade with the broker or on the platform. In this case you will clarify everything for yourself and you will be able to draw conclusions. To my mind, the safest way is just to try to find the reviews about this platform in the internet. As a rule, people honestly share their experience of trading with certain brokers or on certain platforms. So, here you should decide on your own.
Ida520 posted: Choose a broker, I also test with a demo account first
That’s right, it’s always better to trade a demo account to find out the authenticity of a broker. I did the same when I started trading with aaafx despite knowing it is a regulated broker. It is okay to be extra cautious at the start.
Agree, though the demo will not tell you how to process the emotions but it gives the gist of the brokers’ trade execution speed and spreads in volatile sessions. I never trade directly in the live market when switching to another broker. Recently I have shifted myself to fxview after testing it on demo for a few weeks.
I like to read reviews from real people on multiple different sites and on Facebook as well. Seeing what real world traders think about a broker is so much more important to me than reading articles that may lean in one direction or another based on their affiliation with or against said broker. If you notice red flags, like a lot of complaints about withdrawal problems, then it's easy to know that you need to stay far away.
there are some tips how to determine a reliable platform.
firstly, start off with the broker, check all the regulations, licenses, certifications, maybe awards. don't regret the time on checking this information as it's fundamental thing for determining a proper broker. get acquianted with the customer support team, as a rule reliable brokers always concern about their customer support, because this team is liable for keeping traders' funds safe. secondly, you should try it out. observe the broker's website, check the FAQ section, look through the platforms and conditions, then open a demo account. in fact, the only thing you have to do is just to try trading on demo. so, if you were convinced n the reliability of the broker, try various indicators, lines on the platform and if there are no delays and the platforms works properly, then congrats you have found a good trading platform =)
Check FPA to know the reality of any platform. You will find genuine reviews over there and can decide which way to go. Advertisements are misleading and you better don’t believe what they tell you. Also, do take recommendations from the traders you know. Ask around and you will find some good options.
I don’t think it is easy to find out about a trading platform before using it on your own. As most brokers offer you free demo accounts, you can simply practice trading with them. And when it’s time to go live, choose a service provider that has low trading costs and low minimum deposit requirements.
3 things to check in a broker to determine its reliability - regulations, quick withdrawals, and customer support. And in my experience so far, I found aaafx, avatrade and xm fulfilling these criteria.
ПРЕДУПРЕЖДЕНИЕ О ВЫСОКОМ УРОВНЕ РИСКА: торговля иностранной валютой связана с высоким уровнем риска, который может подходить не для всех инвесторов.
Кредитное плечо создает дополнительный риск и вероятность убытков. Прежде чем принять решение о торговле иностранной валютой, тщательно проанализируйте свои инвестиционные цели, уровень опыта и толерантность к риску.
Вы можете потерять часть или все свои первоначальные инвестиции. Не вкладывайте деньги, которые вы не можете позволить себе потерять. Ознакомьтесь с рисками, связанными с торговлей иностранной валютой, и обратитесь за советом к независимому финансовому или налоговому консультанту, если у вас возникнут вопросы.
Любые данные и информация предоставляются 'как есть' исключительно в информационных целях и не предназначены для торговых целей или консультаций.
Прошлые показатели не являются признаком будущих результатов.