Good broker is needed

A good and reliable broker can be really a boost for your trade, and a trading platform like MT4 is again a decent platform. There are a lot of brokers like Pepperstone, IG, XTB, IC markets and others that you can use for trading.

Always check the broker’s reviews so that you don’t end up choosing the one that doesn’t fit.

Mitchelmarss posted:
Always check the broker’s reviews so that you don’t end up choosing the one that doesn’t fit.

That’s true. I recommend to use broker’s demo account to test their trading condition and services.

There are many good forex brokers and I shortlisted it to FP Markets and ICM based on reviews and rating from web research, FP Markets and ICM seem to have similar spreads starting from low as 0.0pips.

I chose to trade with FP Markets because their trading condition was better when compared to other similar ECN brokers and the customer support compared between the two, FP Markets were quick in responding whereas ICM just dint seem to care much.

Before choosing a broker its more appropriate to trade with a small account to see the real performance of any broker.

Finding a broker is never an easy task. There are so many brokers these days and you’ll find people who are having a mix of positive and negative experiences with these brokers. It’s better that you personally use their demo account or a micro account before making any decision.

Choosing a broker is important for the successful trader, I think there is no successful trader without get supporting from a broker, it included trading condition, quality trading server, fast speed trading execution, good customer support, and if the trader already found the criteria of broker, usually will comfortable to use, I am already found the right broker

Akasuki posted:
Before choosing a broker its more appropriate to trade with a small account to see the real performance of any broker.

Of course, trading requires the help of a broker. I work with good brokers but sometimes I lose again due to lack of discipline.

Iagree with the statement mentioned in the thread however I think that it is not accurate to say whether a broker is good or bad. I mean that surely we can divide brokers into wto categories and some of them will be honest and decent while the others are total scammers. It goes without saying that you shouldn't trust your money to some suspicious organizations which will take your money and never return it to you back. Decent brokers are usually regulated by some third-party organisations. However, not all of the brokers are suitable for you. You should pay huge attention to the trading conditions which a broker can offer and not all of them are acceptable. I mean that some brokers targey short-term traders, others prohibit scalpers, some of the brokers have the opportunities to offer the traders to use EAs while others don't. SO, these details are of great importance for a trader to bear in mind.

Whatever brokers tell us about the benefits they offer, it is our trading ability to profit, not the type of broker we uses.

A good broker is one who always ensures their clients' deposits with a diverse range of trading advancements. Furthermore, any good broker would not restrict any trading strategies such as scalping and support. They provide the greatest trading conditions for employing any trading framework by offering low trading spreads.

I don't think the narrative of it being hard to find a decent broker is accurate personally. So many reviews and lots of information online now that you can get a good idea if a broker is good or not.

sebking1986 posted:
I don't think the narrative of it being hard to find a decent broker is accurate personally. So many reviews and lots of information online now that you can get a good idea if a broker is good or not.

So true, it is easy nowdays to get a good broker. Also many are regulated

sculpordwarf posted:

sebking1986 posted:
I don't think the narrative of it being hard to find a decent broker is accurate personally. So many reviews and lots of information online now that you can get a good idea if a broker is good or not.

So true, it is easy nowdays to get a good broker. Also many are regulated

Although it is easy since we can get a lot of information about brokers online but even after that I prefer opening a demo account first to know about the broker’s trading conditions, like when I started trading I shortlisted a few - fxview, fxpro, pepperstone and practiced on their demo accounts for months before going for any.

Go for the one which suits your trading style and needs the best.

Looking for a broker that meets your trading needs is very skeptical when there are hundreds of brokers available. It is near to impossible to try each one of that then choose.

Amytradesforex posted:

LarssonWilliams posted:
Go for the one which suits your trading style and needs the best.

Exactly!
Before going for any broker, it's a must to have a detailed analysis on your own trading requirements and then accordingly choose your broker.

Yeah I believe, testing them on demo is the best way to have a gist of the broker about their trading conditions.

true in each sense! if you know how to trade and time the market you can see good returns no matter which the broker is. Its just the early phase of trading when choosing brokers really matters later on you know well how to compensate the flaws as no one is perfect in this world.

There are several ways to identify a good forex broker. If a broker offers quick deposits and withdrawals,offer tight spreads, good leverage and low commissions, then it is considered a good broker in my opinion. I’ve considered these parameters to find my current broker (turnkeyforex). You can try it out if you are still searching for a good broker.