Choosing the Right Broker

Jan 13, 2016 at 11:26
9,811 Zobrazení
272 Replies
Členom od Aug 11, 2017   886 príspevkov
Feb 08, 2019 at 09:35
When looking for a broker there are many things that you have to check. Accordion to my trading experience, first of all, I will be looking for in a broker is, if they are regulated or not. Then I will see their deposits and withdrawal system how it works. Only regulated trading broker guarantee their client’s funds with certainly.
Členom od Dec 28, 2013   171 príspevkov
Feb 08, 2019 at 15:32
ForexScreamer posted:
AmDiab posted:
ForexScreamer posted:
I'm interested in FX Choice which is located in Belize. They accept US traders. I've had trouble getting my account funded however. The interim bank declined my wire transfer due to 'internal policy'. Is that a red flag I should be concerned about before I look at other funding options?

Hello mate; you from? What’s tour main recommended feature on trading? please, don’t go with any new FX broker.

I'm from the U.S. The main problems I have with the regulations are low leverage and no hedging. Hedging is the biggest problem. I have a legitimate use for it and without it my profitability is compromised.

You can always deposit just the money needed to keep a couple of trades open, and keep the majority of funds in a safer place..

If you end up using FxChoice, please review the broker. Other users are also interested in your experience!

Any recommendation for a deposit method for a broker in Belize, anyone?
Členom od Aug 11, 2017   886 príspevkov
Feb 19, 2019 at 10:31
The trading broker can play a vital role in Forex trading. That’s why choosing a right broker is really important task from all. but right now it is too much to difficult to make sure a reliable broker , because there are almost thousands online broker are available in this retail market and most of them are found to be cams. So, when choosing a broker we the traders have to be in cool mind.
Členom od Feb 22, 2011   4862 príspevkov
Feb 19, 2019 at 11:23
ForexScreamer posted:
togr posted:
ForexScreamer posted:
There are a few that accept US traders. FX Choice is one which is why I'm interested in them.

regulated on Belize...

Is that good or bad?

It is not proper regulation
Členom od Jan 27, 2013   447 príspevkov
Feb 20, 2019 at 05:30 (upravené Feb 20, 2019 at 05:30)
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.
Členom od Feb 05, 2019   11 príspevkov
Feb 20, 2019 at 06:54
Only proper regulation is in US, Aussie, UK. Can't even trust EU countries as Cyprus is in EU and they have a load of rubbish brokers.
Členom od Feb 08, 2019   21 príspevkov
Feb 22, 2019 at 07:34
Always choose a true ECN broker :)
Členom od Sep 13, 2018   2 príspevkov
Feb 24, 2019 at 07:14
Is it normally different withdrawing more than a few hundred? I withdrew 500 EUR profit a few times from Naga Markets and no problems whatsoever. However for easyMarkets I tried to withdraw 1k+ and there was a big delay then excuses from their side. Anyone else had that?
forex_trader_565984
Členom od Oct 08, 2018   144 príspevkov
Feb 24, 2019 at 08:23
Choosing the right broker is probably one of the most important factor in order to succeed in forex trading in long run.

As long as you are making losses in your account, most of the regulated and well known brokers may work just normal. Once you start making consistent profits, you can see the true face of each broker.
Členom od Apr 18, 2017   920 príspevkov
Feb 25, 2019 at 11:57
Q_FxTrader posted:
Choosing the right broker is probably one of the most important factor in order to succeed in forex trading in long run.

As long as you are making losses in your account, most of the regulated and well known brokers may work just normal. Once you start making consistent profits, you can see the true face of each broker.

So true; that’s why we traders need to select our broker so sincerely. Using a market maker broker can be risky.
Členom od Aug 11, 2017   886 príspevkov
Feb 28, 2019 at 10:39
In order to me, the best broker is a broker which for all time make sure best trading environment for using any kinds of trading techniques by providing lowest trading spreads as well as minimum margin requirements. And they does not restrict any kinds of trading strategies with scalping and hedging.
Členom od Feb 15, 2019   11 príspevkov
Feb 28, 2019 at 10:56
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
Členom od Feb 22, 2011   4862 príspevkov
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
Členom od Apr 18, 2017   920 príspevkov
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.
Členom od Aug 11, 2017   886 príspevkov
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.  
Členom od Jun 10, 2017   36 príspevkov
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
Členom od Oct 08, 2018   144 príspevkov
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.
Členom od Feb 08, 2019   213 príspevkov
Mar 11, 2019 at 07:25
It's true that some regulated brokers are not squeaky clean
Členom od Aug 11, 2017   886 príspevkov
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.
Členom od Apr 18, 2017   920 príspevkov
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.
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