davemack posted: @momo3HC I also look for these three qualities plus lower costs while choosing a broker and Turnkeyforex seems like a good one so far. I am also testing CedarFx these days. I like their initiative of tree planting, let’s see how it goes with them.
Beginning traders often ask us how to choose a good broker. In this regard, a few tips.
Choose a good, big broker in your country. In case of a legal dispute you always have a chance.
The best are big brokers from USA, France, UK, Germany, Denmark, Switzerland - countries with strong financial regulations. Big brokers from Australia and Japan are also OK. I would avoid small countries, usually their financial regulations are worse and their execution is problematic. Definitely avoid brokers from unregulated countries.
Avoid brokers from tax havens and faraway countries. In case of a legal dispute - you will lose the case with a very high probability.
Many times I have heard stories about how brokers from tax havens disappear with clients’ money. This was, is and will be the case as long as they find clients willing to deposit money to an unknown company. Do not!
You should choose the best, big brokers with good reputation, from countries with good financial regulations and efficient law enforcement agencies. There are a lot of good brokers out there, there really is something to choose from and there is no point in taking any chances. Don’t just go by price/commissions!
If you still have any doubts add an additional condition - the broker must have been in business for more than 10 years. In well-regulated countries you can check whether the company has existed, for how long and what it does. For example, in UK the FCA regulates companies in the financial field.
That’s it, should help in most cases.
Huge Changes, New Ideas & Decline Of Traditional Investing
Everyone is into gold trading since the war between Ukraine and Russia has affected the price of gold. I suggest using FP Markets since their spreads on gold are averaging at 0.0 pips even in the EURUSD currency pair.
I do agree with a few members here that finding a good broker to trade with is a bit hard since the cost is either higher or the spreads are bad.
Which is why I have moved from my previous broker to FP Markets currency and have been using it for two months. The spreads in gold are lower when compared to most brokers and the commission costs are lowest at $3 per lot.
I recommend using IC Markets or FP Markets since their spreads are lower for gold trading when compared to most brokers, especially FP Markets spreads for gold trading begin at 0.0pips and are stable when the market conditions are volatile.
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.