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Best Broker for a Newbie
Členom od Mar 20, 2019
10 príspevkov
Jul 17, 2019 at 12:13
Alexander654 posted:
What are spreads like? Are they regulated ? I have not heard of fxbrew before? Sounds more like a brand of beer
Spreads are very tight, low as .1 on majors sometimes. And no they are offshore brokers. You must’ve not heard about them because they are only a year old I think. I like to test new brokers and add good ones to my list, which is when I came across them, good broker.
Členom od Mar 05, 2017
17 príspevkov
Jul 31, 2019 at 10:28
skyjack777 posted:
Hi All,
Have just been to the reviews on Brokers. I'll ask the question here. For someone in Australia, with a micro account between $250 to $500 dealing with .01 lots, is there any Brokers that come to mine. Thanks Bruce
IC Markets is the best broker in Australia
Členom od Sep 26, 2018
2 príspevkov
Jul 31, 2019 at 12:08
IC Markets.. choose CTrader Trading tool platforms
Členom od Aug 09, 2017
598 príspevkov
Sep 07, 2019 at 09:12
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.
Členom od Sep 15, 2019
1 príspevkov
Sep 15, 2019 at 11:04
(upravené Sep 15, 2019 at 11:05)
spoteuro posted:
Looks like a lot of good choices have been listed here...
Just to throw our two cents, I'd look up the brokers in the US, then look up the CFTC info to find ones with good excelss net capital
(http://www.cftc.gov/MarketReports/FinancialDataforFCMs/index.htm)
(https://www.forexing.com/forex-broker-reviews)
then look to see if they operate in Australia.
I would agree from the lists that IBFX AU is good, though my experience has been w/ them in the States. Also, I'd check to see if Oanda operates in AU as well as Forex.com
Cheers,
I would agree from the lists that IBFX AU is good
Členom od Nov 08, 2019
23 príspevkov
Nov 12, 2019 at 05:59
I have been using turnkey forex for a while, one of the good broker out there. Being a newbie, it is better to go live with small capital and there, you can open a micro account with minimum deposit of $5.
Členom od Aug 11, 2017
870 príspevkov
Nov 12, 2019 at 08:45
i have seen In spite of a profitable trading policy scalping cannot use in a reputed trading broker due to many restrictions. So, we the scalpers have to choose the broker which permits scalping including lowest trading spreads.
Členom od Nov 08, 2019
23 príspevkov
Nov 29, 2019 at 12:23
Mohammadi posted:
i have seen In spite of a profitable trading policy scalping cannot use in a reputed trading broker due to many restrictions. So, we the scalpers have to choose the broker which permits scalping including lowest trading spreads.
True! one of the best part of trading with an offshore is that they don’t impose any sort of restrictions on you, like with my current broker turnkey forex I can trade in almost all styles. And their spreads and commissions are really low as compared to regulated ones.
Členom od Mar 15, 2019
76 príspevkov
Dec 02, 2019 at 23:59
There's soooooo many brokers out there.... the 'best'really depends on what you are looking for...... I have accounts with IC Markets and Eagle FX. Both of which have been great for me! Just my 2 cents...
Cheers
Cheers
All or nothing
Členom od Jul 14, 2019
26 príspevkov
Dec 04, 2019 at 05:48
so offshore ok?
Členom od Feb 22, 2011
4573 príspevkov
Dec 04, 2019 at 12:04
Madalyn posted:
so offshore ok?
Offshore is OK as long as you do not need to withdraw your money :)
Členom od Dec 05, 2019
3 príspevkov
Dec 05, 2019 at 23:39
at Madalyn what platform do you invest with?
Členom od Oct 08, 2019
23 príspevkov
Dec 07, 2019 at 09:12
togr posted:Madalyn posted:
so offshore ok?
Offshore is OK as long as you do not need to withdraw your money :)
lol. I do trade in offshore (with turnkeyforex, lmfx, fxchoice in hands) and can recommend the same, but if he's very new to forex and non-US, then I don’t see the need to go offshore.
Členom od Feb 08, 2019
200 príspevkov
Dec 08, 2019 at 12:02
Offshore is fine if you do your homework
Členom od Aug 09, 2017
598 príspevkov
Dec 08, 2019 at 13:53
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.
Členom od Feb 05, 2019
1 príspevkov
Dec 10, 2019 at 12:51
I am a newbie - been trading for around a year now. I was using Pepperstone for some time and then I switched to LQDFX
I was running two small accounts on both with the same AI and LQDFX is performing better. On top of that they have a better refferal program than Pepperstone where you receive a percentage of the generated commission of the traders you reffered.
In the end I switched completely from Pepperstone to LQDFX and for now I am a happy trader.
I was running two small accounts on both with the same AI and LQDFX is performing better. On top of that they have a better refferal program than Pepperstone where you receive a percentage of the generated commission of the traders you reffered.
In the end I switched completely from Pepperstone to LQDFX and for now I am a happy trader.
matej.simcic@
Členom od Sep 03, 2018
20 príspevkov
Dec 11, 2019 at 13:18
Imamul posted:
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.
I agree, this is the best method to find the reliable offshore broker. I was so dependent on broker list in babypips. According to that popular offshore broker thread, the 5 trusted brokers are:
LMFX
Turnkey Forex
Trader’s Way
FX Choice
Coinexx
https://forums.babypips.com/t/going-offshore-to-escape-the-cftc/35612
Členom od Aug 09, 2017
598 príspevkov
Dec 13, 2019 at 10:51
According to me, If you love scalping should choose the broker which allows trading concept such as this. Actually scalping success on the lowest trading spreads currency pair. So we the scalpers have to choose the currency pair which has lowest trading spreads. Otherwise that’s not possible at all to make profit with certainly by scalping.
Členom od Dec 14, 2019
9 príspevkov
Dec 14, 2019 at 18:16
Generally speaking, for a newbie is best to choose a broker with a low minimum deposit so you could trade with real funds while not risking too much. All other respects by according to which you should choose a broker are very similar to what advanced traders are looking for. Opinions on the best brokers for newbies vary, look for a solid trading educational portals like https://brokerchooser.com/, https://tradingbeasts.com/, https://www.investopedia.com/. Each of them recommends different companies, but I believe they are all solid options so check out some reviews and see what company you like the most.
Členom od Nov 03, 2018
52 príspevkov
Dec 15, 2019 at 08:32
fx choice is a good broker .
i trade to make money not to be right
