Forex is all about choosing the right broker and trading. I trade with FP Markets using their Raw ECN account for scalping. The spreads are tighter in Major pairs like EURUSD 0.0pips and GBPUSD 0.3 pips with a commission cost of just $3 per lots.
FP Markets are active since 2005. And they also have €20,000 investor protection under CySEC.
GeorgeBischof posted: Choosing a good broker is not an easy task. You have to be very careful when you are going to choose a good broker. Because there are so many fake brokers which can put you in great danger.
Most of time unregulated brokers are scam brokers. If you are investing in unregulated one, it would be up to you. Regulator will not help you if something goes wrong.
Well said. Unregulated brokers can't be totally relied upon. Regulated brokers like Fxview, ICM, Xm are much safer options to be with when choosing a broker.
Finding the right broker is the most difficult task in this market. There are so many fake brokers in this market. Due to which many traders had lost their money. You have to be very careful at the time of choosing the right broker. You can take help from the websites that provide broker reviews. Take enough time to choose the right, reliable and safe broker because a large part of your trading success depends on it.
In my trading experience as a scalper, I would say FP Markets is the right choice of a broker because of the spreads they offered is some of the lowest and it has a faster execution speed when compared to my previous brokers like XM and IC Markets.
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