Hi, im currently looking for a good forex trader, i did a whole lot of search and confused, im looking for something like a minimum of 100$ deposit account opening and with lower spreads, any suggestions for a good broker.
So i came across several forex traders and the ones i found actually good for a beginner is either Global Prime or FP markets, but if you have good experience you can figure out or by now one would know which one to use.
Q_FxTrader posted: I can give my opinion about some of the most popular brokers in terms of Pros and cons:
Pros: Overall good broker and reliable and ASIC regulated with excellent customer support. Cons: Spreads are slightly higher compared to other brokers. Also, they have a leverage breakdown structure as the account balance increases.
Pros:Good broker and ASIC regulated. Spreads are extremely low and excellent customer support Cons:Very few deposit and withdrawal options
Pros:Seems to be a good broker and ASIC regulated. Spreads are very low. Cons:Very slow customer support. Back end seems to be fishy and they intentionally create problems, freeze and manipulate price feeds if they find a smaller account balance account starts making consistent profit. Consistently loosing accounts work fine with this broker.
Pros: Good spreads and excutions. Wide range of deposit and withdrawal options including crypto currencies as deposit and withdrawal method Cons: Not regulated. Also, they have a leverage breakdown structure while account balance increase
Pros: Well known and regulated broker. Very low spreads. Good customer support Cons: Limited deposit and withdrawal methods not suitable for all. Higher deposits required compared to other brokers.
Martinki posted: Hi, im currently looking for a good forex trader, i did a whole lot of search and confused, im looking for something like a minimum of 100$ deposit account opening and with lower spreads, any suggestions for a good broker.
Turnkey forex will suit you the best I think, in this case. They are offering ECN account for which minimum req is $100 and spreads are way too low around 0.4-0.5 pips on majors.
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