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Broker choice

togr (togr)
Mar 05 2018 at 13:47
4862 príspevkov
ricki72 posted:
hmm since many of the rating sites are sponsored by more or less dubious brokers, i just trust on of them:

https://www.forexpeacearmy.com/

Agreed

Mohammadi
Mar 15 2018 at 12:28
869 príspevkov
Spreads is mainly considered as an important financial tool which an investor should consider when choosing a broker. We the traders who are particularly scalpers have to choose the broker which always makes sure lowest trading spreads which is very supportive to make profit with certainly by scalping.

Indorder
Mar 16 2018 at 13:47
13 príspevkov
don't forget commissions from ECN

Imamul
Mar 16 2018 at 13:49
576 príspevkov
Personally I don’t trust any broker, because when I was a novice trader then I tried with multiple trading robots with high cost! But the results were horrible! I lost my trading capital for 3 times in a row! This is way, now I trade manually based on current fundamental data!

Pandapaws
Mar 30 2018 at 12:37
13 príspevkov
Don't blame the broker it was probably the robots

togr (togr)
Mar 30 2018 at 19:27
4862 príspevkov
Pandapaws posted:
Don't blame the broker it was probably the robots

exactly

mlawson71
Mar 30 2018 at 19:31
1487 príspevkov
If you’re intending to trade with a broker licensed within the EU, keep in mind that ESMA just issued a ban against binary options broker as well as a set of restrictions on CFDs. (https://www.forexbrokerz.com/news/ESMA-bans-binary-options-sets-restrictions-on-CFDs-for-retail-clients)
The restrictions on CFDs include leverage limits on opening positions; a margin close out rule on a per account basis; a negative balance protection on a per account basis; preventing the use of incentives by a CFD provider; and a standardized risk warning.
To be more precise, the leverage limits on the opening of a position by a retail clients will range from 1:30 to 1:2, depending on the underlying asset.

Arcferreira (Arcferreira)
Apr 01 2018 at 14:39
50 príspevkov
mlawson71 posted:
If you’re intending to trade with a broker licensed within the EU, keep in mind that ESMA just issued a ban against binary options broker as well as a set of restrictions on CFDs. (https://www.forexbrokerz.com/news/ESMA-bans-binary-options-sets-restrictions-on-CFDs-for-retail-clients)
The restrictions on CFDs include leverage limits on opening positions; a margin close out rule on a per account basis; a negative balance protection on a per account basis; preventing the use of incentives by a CFD provider; and a standardized risk warning.
To be more precise, the leverage limits on the opening of a position by a retail clients will range from 1:30 to 1:2, depending on the underlying asset.

Good advice!

Trade safely... Remember, a high Drawdown means a high risk!
Mohammadi
Apr 06 2018 at 12:00
869 príspevkov
According to my trading experience I know, most of them are found to be scams. and lots of brokers we have right now. But if you are active in Forum communities, then it is possible to make sure a best trading platform with surely.

mlawson71
Apr 08 2018 at 06:13
1487 príspevkov
UK’s Financial Conduct Authority (FCA) has published a warning against the forex and CFD broker KayaFX. As per usual, the warning is issued because KayaFX offers its services in the UK, without having the proper authorization. (https://www.forexbrokerz.com/news/UKs-FCA-warns-of-forex-CFD-broker-KayaFX)
The broker claims it is based in Tallinn, Estonia but there is no regulatory information available. The company owning the broker – GammaTech Services – has a license for a currency exchange from the country’s Ministry of Economy, but this does not mean the company is regulated.

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