How to choose a regulated forex broker?

As far as I understand, the company is obliged to provide license numbers with reference to the regulators. it can be easily checked in just a few minutes on specialized sites. If everything is OK, you can work, if not - you should look at the company more seriously, there may be problems.

Choosing a right broker is very important in forex market as it is a decentralised market. While choosing a broker, we must check the broker is A book or B book.So, I personally think one should STP brokers. After checking the broker type, the most important thing to be checked is the Spreads broker is providing along with the commission charged on the trades. We should look for a broker who provides raw spreads along with ULTRA LOW commission as it is the rare combination available and are the best kind of brokers.

Check here for broker review

If the broker is regulated, you will see all the documents with all the confirmations, etc., which can be checked through official sources. And you just need to be more careful about what you use and how.

I would choose a broker who has been in the forex broker business for a long time at least a minimum of 5 to 6 years and should be a reputable broker.

The broker should be regulated and have reasonable pricing and trading conditions.

Always good double double check their regulation,. Do not just take the brokers claims on the website. Check the regulatory authority as well

you should choose the broker which is more appropriate to the concept of trading that will be used , if love doing scalping should choose the broker which allows trading concept such as this.

For brokers, I seek three things: regulations, trading conditions and pricing. I don't see any point to trade with brokers if these three things does not meet.

I have opened some accounts over years and have split the funds to few brokers, not to mention I'm still very open to competitive broker be it old or new. Currently my main accounts in order including pepperstone, hotforex, IG, fxview. It's possible to find good broker for yourself if you're good in online research, and try to avoid following popular suggestion, my piece of advice.

when choosing a broker first of all we the traders have to make sure the lowest trading spreads, because the trading spreads can affect the result of our trading with certainly and from all trading instruments spreads is mainly considered as an important financial tool which an investor should consider when choosing a broker.

Having a reliable expert advisor will be highly knowledgeable and would help you make the right decision, considering the current situation and the future aspects.

It seems to me that you just need to look at the conditions that are offered by the broker.

If the broker is regulated, you will see all the documents with all the confirmations, etc., which can be checked through official sources. And you just need to be more careful about what you use and how

In Forex trading first of all we the traders have to make sure a reliable support from a credible trading broker , because the trading broker can affects the result of our trading with certainly. We the traders can choose a broker which is more appropriate to the concept of trading that will be used; the traders who are particularly scalpers have to choose the broker which allows trading concept such as this.

Based on reviews of the regulated brokers is one way to choose a broker. Pricing, trading conditions and regulation is what matters the most to a trader. Once you have few of the brokers in your mind, make a demo account and test the broker. However, some of the good regulated brokers that you can consider are Fxview, XM and Oanda.

They provide good conditions and are economical.

if you want to find a right broker, you have to move Forex Pace Army where people share their own trading experience. And EarnForex and Babypips can be a great source to find a right broker nowadays.

Anyone who is into forex trading would someday require the support of a forex broker. But that’s not the issue, the issue is finding a good regulated broker. It took me some time till I got along with Turnkey Forex, XTB and Fidelity and these brokers proved to be my best decision. I found these brokers to be highly secure with suitable brokerage. Not only this, I never had to deal with any trouble or waiting time for the deposit or withdrawal.

Can we choose a broker based on only rating and reviews or is there any other factors to choose a good regulated broker.

Always have a look on the broker's regulation, and do your research first. If a broker has more than 2 reliable regulations then it might be a good one. But always do your research first; don't believe what is written on any broker's webpage. Do your research with their company names and license numbers first.

Good brokers have an ASIC (for Australia), CySec (for Europe), NFA (for USA), ICB (for Ireland), BaFin (for Germany), FinMa (for Switzerland), IFSC (for offshore), FCA (for UK) regulation. I'd not trust any other brokers/'regulations' out there (there might still be some other good local ones, but I don't need them, that's why I don't look after such brokers with other regulations, most of them are still suspicious).

I even don't care about spreads, commissions and stuff, as long as they are not too high, as long as my TP's are hit and as long as my deposits and withdrawals are all fine.

Ebin posted:
Can we choose a broker based on only rating and reviews or is there any other factors to choose a good regulated broker.

The broker should have a regulation in your residential area. Otherwise you can get some serious problems (e.g. with withdrawals).