How to choose a regulated forex broker?

6 Crucial Things to Consider When Choosing a Forex Broker
Security. The first and foremost characteristic that a good broker must have is a high level of security. ...
Transaction Costs. No matter what kind of currency trader you are, like it or not, you will always be subject to transaction costs. ...
Deposit and Withdrawal. ...
Trading Platform. ...
Execution. ...
Customer Service.

Forex brokers are firms that provide traders with access to a platform that allows them to buy and sell foreign currencies. Transactions in this market are always between a pair of two different currencies, so forex traders either buy or sell the particular pair they want to trade.

I don’t know why you elaborated only your 1st point? Why not others 5 points? Interested to know….

Not sure what you mean here, but by very usual ways here anyway. Some of them are already listed. But you also can visit some sites like Forex Factory and Forex Peace Army to see some reviews about them really and what do they think about that broker or other.

Before starting to trade with a forex broker, be sure to check with all the account details of the same. The amount of leverage and margin that they offer, the commission they charge, etc. Be very careful about the spread of the broker, because they often engage into widening the spreads to increase their own earnings. Your choice of broker can also depend upon your budget as every broker comes with an initial deposit requirement.

Also, screen the forex brokers on the basis of their currency pairs, trading platforms, ease of deposit and withdrawal, etc. Most important choose a broker that provides good customer service. A broker who does not handle the customer’s queries well is not worth trading with

lavis_book posted:
Before starting to trade with a forex broker, be sure to check with all the account details of the same. The amount of leverage and margin that they offer, the commission they charge, etc. Be very careful about the spread of the broker, because they often engage into widening the spreads to increase their own earnings. Your choice of broker can also depend upon your budget as every broker comes with an initial deposit requirement.

Also, screen the forex brokers on the basis of their currency pairs, trading platforms, ease of deposit and withdrawal, etc. Most important choose a broker that provides good customer service. A broker who does not handle the customer’s queries well is not worth trading with

Nice to see your efforts! You described very smartly! That’s the proper way of selecting a Forex broker!

Alexsajed posted:
6 Crucial Things to Consider When Choosing a Forex Broker
Security. The first and foremost characteristic that a good broker must have is a high level of security. ...
Transaction Costs. No matter what kind of currency trader you are, like it or not, you will always be subject to transaction costs. ...
Deposit and Withdrawal. ...
Trading Platform. ...
Execution. ...
Customer Service.

speed and ease of use of the platform?

My top 6 are:
Regulation
Regulation
Regulation
Regulation
Regulation
Spreads

Mulberry posted:
My top 6 are:
Regulation
Regulation
Regulation
Regulation
Regulation
Spreads

Could not agree more

Mulberry posted:
My top 6 are:
Regulation
Regulation
Regulation
Regulation
Regulation
Spreads

Best reply! Without regulation status, there is no value on trading features!

I don't agree totally. Regulation is important we all know it is a crucial element, but these days there are tones of regulated brokers, which however offer crap services, or at least sub-optimal and not that good. Spreads and commissions are everything (of course when we talk of secure regulated brokers). If we get low commissions, low overnight rates, low spreads and low all the time not only two hours a day than we can surely say we have a wining solution. Platform is important, but mostly for automated traders, for manual traders mt4/mt5 works totally fine. Just an example, OANDA - highly reputable, regulated broker but spreads are all over the place. Be careful and look for more than just regulation, because regulations says nothing about the quality of the services, quality of the support etc.

It also depend on the services they provide. For example I like trading binary options, but the only regulated choice in North America is NADEX so be careful of what kind of broker you are searching for.

Spreads and of course the exact assets they provide. For example there are brokers where I can find a specific stock to trade and I can choose only for that reason to trade with them.

Nikolas88 posted:
It also depend on the services they provide. For example I like trading binary options, but the only regulated choice in North America is NADEX so be careful of what kind of broker you are searching for.

Is there any honest Options broker out there? I am asking because I see; almost all of the options brokers are scam!

Welcome Bonus is a 100 USD bonus offered by ForexChief – It is perhaps the most convenient way to check the company’s services and test the trading strategy chosen. The no deposit bonus is credited automatically and does not require any documents for personal data verification. All trading techniques and strategies are allowed including trading robots (EA).
This is the best broker for newbies. I used my bonus without any restrictions. Their giving good services to me since I joined them. I found this is reliable for me to trade with. I can recommend them to everyone who want to do better in forex trading.

What do you mean by how to choose him ? I mean just simply choose him and that's really it no matter how do you really put him ? Simply do very good and proper research and I do hope it will really work out later with him. I do hope it will really get better.

IC Markets is good broker:

- low spreads
- 1:500 leverage
- fast deposit and withdrawal
- fast support

Regulated with ASIC - Australia

I can totally recoomend icmarketd use from 2016. You can also save 21% commision with affilated link.
21.5 % Live discount of ICMarkets commision. Discounts avaliable for every trade at your account even manuall trades.
Open account : https://www.icmarkets.com/en/open-trading-account/live/?camp=7165

If you are already an IC Markets client, you are also eligible if you have not been an affiliate to another IC Markets partner before. all you have to do, is send an email to [email protected], asking them to move your accounts to the discount program under Partner# 7165. Within a few hours, you will have the discount applied.

you can find sample email at

https://forex-navigator.com/?stm_staff=icmarkets-2

Discount table

Adolis posted:
What do you mean by how to choose him ? I mean just simply choose him and that's really it no matter how do you really put him ? Simply do very good and proper research and I do hope it will really work out later with him. I do hope it will really get better.

I think; in this case Forex review sites are very much effective as like FPA; what do you think?