Choosing the Right Broker
Участник с Feb 22, 2011
4862 комментариев
Feb 28, 2019 at 11:19
ovisun posted:
Maybe it is not proper regulation, but they have good execution and I never had problems withdrawing money from them, even bigger amounts, not just few hundreds.
It works until there is an problem.
Then boom and all your funds are gone
Even on their website - safety of funds - zero,
seggregatted accounts - zero,
insurance - zero
Участник с Apr 18, 2017
920 комментариев
Feb 28, 2019 at 11:43
Muscat posted:
I think that all broker allow hedging except for US broker. Hedging is not allowed in the US. I do not know why this seems very strange to me.
Choosing the best broker is important but as long as it is regulated and spreads are <1pip for most pair then don't worry about it
Even; I see nowadays many brokers don’t allow scalping and hedging; not a great news for the retail traders.
Участник с Aug 11, 2017
886 комментариев
Mar 06, 2019 at 10:14
generally , traders above all the beginners trusted regulated broker blindly , but in recent times their review is not positive that can make inspire who willing to trade in there next. sometimes i feel, brokers credibility is more important than regulation.
Участник с Jun 10, 2017
36 комментариев
Mar 06, 2019 at 12:52
You need to research and decide for yourself. Go with one that has the features you want and stick with one.
forex_trader_565984
Участник с Oct 08, 2018
144 комментариев
Mar 10, 2019 at 14:43
Apart from simple scam brokers or market maker brokers, there are so many regulated and well known brokers who play very dirty tricks on their back end to make traders loose and such things are almost impossible to figure out until you make consistent profit in your account.
So whether someone is newbie trader or professional trader, choosing the right broker is very important and the choice should be made based on the account balance someone is trading with and the type of trading system someone is using etc.
Otherwise, sometimes even it can take years of struggle for someone to be successful in trading if he is stuck with one broker for some reason. So it is also very important to trade the same trading system with multiple brokers at same time which will help the trader understand whether any particular broker is doing anything wrong to make him loose.
So whether someone is newbie trader or professional trader, choosing the right broker is very important and the choice should be made based on the account balance someone is trading with and the type of trading system someone is using etc.
Otherwise, sometimes even it can take years of struggle for someone to be successful in trading if he is stuck with one broker for some reason. So it is also very important to trade the same trading system with multiple brokers at same time which will help the trader understand whether any particular broker is doing anything wrong to make him loose.
Участник с Feb 08, 2019
213 комментариев
Mar 11, 2019 at 07:25
It's true that some regulated brokers are not squeaky clean
Участник с Aug 11, 2017
886 комментариев
Mar 11, 2019 at 19:52
When looking for a broker there are many things that you have to check. According to my trading experience first of all I will be looking for in a broker, if they are regulated or not. Then I will see their deposit and withdrawal system how it works.
Участник с Apr 18, 2017
920 комментариев
Mar 12, 2019 at 07:28
Treeny posted:
It's true that some regulated brokers are not squeaky clean
True; that’s why, we should make sure the sources of regulation I mean authority of the regulation status.
Участник с Feb 22, 2011
4862 комментариев
Mar 12, 2019 at 07:42
So couple of rules to chose the right broker
1. The trading conditions are good for your system - be it sllipage, spreads, pairs, swaps or leverage
2. There is NOT negative record on FPA
3. There IS proper regulation, avoid for example New Zealand.
1. The trading conditions are good for your system - be it sllipage, spreads, pairs, swaps or leverage
2. There is NOT negative record on FPA
3. There IS proper regulation, avoid for example New Zealand.
Участник с Aug 11, 2017
886 комментариев
Mar 20, 2019 at 17:28
There are many important things we the traders have to focus when choosing a broker, from all I think spreads is an important financial tool which an investor should consider when choosing a broker, if we have lowest trading spreads we the traders can make profit with certainly by using any kinds of trading strategies in particularly the scalping that brings profit in a short time.
Участник с Aug 27, 2017
994 комментариев
Mar 21, 2019 at 07:09
togr posted:
So couple of rules to chose the right broker
1. The trading conditions are good for your system - be it sllipage, spreads, pairs, swaps or leverage
2. There is NOT negative record on FPA
3. There IS proper regulation, avoid for example New Zealand.
Mate; is there any broker without negative review on FPA? I checked but didn’t get any 5***** Forex broker.
Участник с Feb 08, 2019
213 комментариев
Mar 25, 2019 at 07:14
Yeah, the FPA crowd a very quick to slate brokers
Участник с Apr 18, 2017
920 комментариев
Mar 25, 2019 at 10:58
Treeny posted:
Yeah, the FPA crowd a very quick to slate brokers
Till now, FPA is the number one broker review site! But I don’t think, only one review is enough to judge; on the other hand, new traders should use demo or micro type live account before their final investment.
Участник с Mar 12, 2019
8 комментариев
Mar 25, 2019 at 12:06
The people on FPA are way to negative and think that all brokers are out to scam them. Sure some brokers are scammers but many are legitimate brokers. Some people on FPA give 1 star review because they couldn't use MT4 or their withdrawal wasn't made in a couple of hours. I just focus on regulation and spreads. Those are what really matter
Участник с Aug 27, 2017
994 комментариев
Mar 25, 2019 at 15:26
AdebayoTheBest posted:
The people on FPA are way to negative and think that all brokers are out to scam them. Sure some brokers are scammers but many are legitimate brokers. Some people on FPA give 1 star review because they couldn't use MT4 or their withdrawal wasn't made in a couple of hours. I just focus on regulation and spreads. Those are what really matter
In addition, it’s very rare to get good broker based on the ratting status of FPA. Really strange.
Участник с Aug 11, 2017
886 комментариев
Apr 06, 2019 at 21:49
If you want to lead a healthy trading life with certainly you have to choose the broker which always ensures security of funds , lowest trading spreads for using any trading techniques , low transaction cost , easy withdrawal system without long time process, active customer services , free demo trading , and much more that are very supportive to lead a comfortable trading life with certainly.
Участник с Oct 11, 2018
7 комментариев
Apr 10, 2019 at 11:42
There are many criteria that choosing the right forex brokers. One of them is forex bonuses. For example no deposit bonus. This bonus is not allowed to be withdrawn but it allows you to trade with a larger account in addition to the original deposit. For more, you can check this article https://www.forexbrokerslab.com/forex-bonus-no-deposit-welcome/
Участник с Mar 11, 2019
10 комментариев
Apr 10, 2019 at 14:21
Bonus is probably the #1 worst way to choose a broker. Bonus should not even be considered. If there is one that that is a bonus! Regulation , spreads, reputation - those are the factors that are important not bonus
Участник с Aug 11, 2017
886 комментариев
Apr 11, 2019 at 05:47
The best broker is a broker which for all time makes sure security of funds at any deposits with a wide range of trading technologies. And any best broker does not restrict any kinds of trading techniques with scalping and hedging.
Участник с Feb 08, 2019
213 комментариев
Apr 14, 2019 at 06:34
Agree that bonus giving brokers should be avoided. They often lock in your real funds and make it impossible to withdraw any money from them
