What safety measure I need to take before choosing any forex broker?
Medlem sedan Oct 07, 2020
29 inlägg
Nov 05, 2020 at 12:46
Regulations, very important !
Medlem sedan Oct 07, 2020
29 inlägg
Nov 06, 2020 at 05:00
In short you have to look for the broker which is being regulated by local authorities like FINMA in Switzerland, FSA in Denmark, AMF in France, CNWV in Spain,FMA in Austria, MFSA in Malta, CySEC in Cyprus etc. Similarly if a broker needs to undertake financial services in the UK, it has to be authorized by FCA.
Medlem sedan Oct 23, 2020
41 inlägg
Nov 09, 2020 at 07:04
You need to check the licence and registration of your broker.
Nov 11, 2020 at 04:06
Rosstaylorr posted:withdrawals are a bliss with fxview. Mine took just one day!
It’s crazy how some brokers take only 2 or 3 days to process withdrawals while some can take a whole week. Better obviously to use ones that are speedier in this regard, fxview and XTB imo are fast when it comes to withdrawals.
Medlem sedan Jul 20, 2019
372 inlägg
Nov 17, 2020 at 12:55
marnuslabushane posted:feelsofine posted:marnuslabushane posted:Not necessarily maybe the broker in relatively new and we've haven't heard of it yet. Shouldn't judge. btw visited the site looks legit they've got couple of EU regulation.davidkew posted:do traders have much reasons to trust it, given it is unseen by a majority of pro traders?Rosstaylorr posted:withdrawals are a bliss with fxview. Mine took just one day!
It’s crazy how some brokers take only 2 or 3 days to process withdrawals while some can take a whole week. Better obviously to use ones that are speedier in this regard, fxview and XTB imo are fast when it comes to withdrawals.
This is the first thing that every professional is recommending me, are there specific regulations for Europe I need to keep in mind?
The biggest ones are ESMA in Europe. Cysec is regulated under ESMA as far as I know.
But you always need to make sure that the broker who's offering accounts under EU-regulation also must give you a proper account then. The broker is not allowed to give you an account with T&C's out of Europe. A lot of offshore and ASIC brokers are known for giving accounts that are not regulated in Europe, although on their pages it is said they also have a Cysec license. How do you know that? Just have a look on the registration-link; it usually contains something like '.eu', 'com/eu', '.eu.xyz.com'.
patience is the key
Medlem sedan Aug 17, 2020
123 inlägg
Nov 19, 2020 at 07:37
Apart from the regulations and withdrawal, you should also check out transaction costs and execution speed when you are choosing a platform. Trying the demo account of a broker before you sign up for a real account might also be a good idea.
Medlem sedan Oct 07, 2020
29 inlägg
Nov 21, 2020 at 09:30
(redigerad Nov 21, 2020 at 09:31)
marnuslabushane posted:
Always go with a broker that gives you the option of a free demo account. This will not only give you exposure to the forex market (if you are starting anew) but will make you familiar with the broker and its platform.
Demo accounts do tell a lot about a broker. I spent 4 months on Schwab before going live with them. Found their customer service and order execution quite all right. Never ever choose a broker before practicing on them with virtual money.
Medlem sedan Oct 07, 2020
29 inlägg
Dec 01, 2020 at 12:41
People still fall for such stuff I’m shocked!!!
Medlem sedan Oct 23, 2020
41 inlägg
Dec 01, 2020 at 13:43
There’s nothing shocking here, if people knowingly gamble and lose money in casinos despite knowing that they’ll never recover their money, then why wouldn’t a beginner fall for some strategies portrayed as winning ideas
Medlem sedan Oct 07, 2020
29 inlägg
Dec 02, 2020 at 08:12
if i was you i would choose the oldest here: icm
Medlem sedan Jun 09, 2020
36 inlägg
Dec 04, 2020 at 12:25
Marshalsam877 posted:It is quite justified to feel restless when withdrawals are not on time. I did somersaults when my first withdrawal took 4 days when the broker had clearly said it wouldn't take more than 2.
Easy deposits and withdrawals are an important part of my trading. I feel so restless when I can withdraw my money quickly.
Medlem sedan Sep 30, 2020
28 inlägg
Dec 09, 2020 at 03:56
Different funding and withdrawal methods should also be taken into consideration. For instance not all brokers accept crypto, or credit cards.
Medlem sedan Oct 07, 2020
29 inlägg
Dec 09, 2020 at 07:18
I do tend to put my withdrawal request on Fridays. Will do it on Monday next time and see. Thanks
Medlem sedan Oct 01, 2020
37 inlägg
Dec 09, 2020 at 10:40
Attaboy! Gosh you must be ultra new to trading to not be aware of this
Medlem sedan Oct 05, 2020
65 inlägg
Dec 09, 2020 at 13:18
It’s alright, we all were once new to this
forex_trader_745947
Medlem sedan Jul 08, 2019
57 inlägg
Dec 09, 2020 at 18:25
First, learn to trader
