Looking for Broker

Imamul posted:
the broker can be good if there is security of funds including a wide range of trading facilities.

Security comes automatically if you're with a regulated broker.

Jude_craig posted:

Imamul posted:
the broker can be good if there is security of funds including a wide range of trading facilities.

Security comes automatically if you're with a regulated broker.

if it is regulated BUT keep it in mind there is a max amount that you can safeguard even if your broker fails...it is usually around 100k

GordonDenzil posted:
What kind of broker are you looking for? If your a beginner choose a broker with good regulation that is suitable.

Never trade with an unregulated broker. They often involve in scam activities.

In this market place from all important deals brokers choosing a is more important, because the broker can affect the result of our trading with certainly , we the traders should choose the broker that is more appropriate to the concept of trading that will be used , if you love scalping should choose the broker that allows trading concept such as this.

In my opinion you first need to know the amount of money you will put in, if you deposit 500€ u should not go with a 1:30 leverage broker because the margin will be very high and at most u can open 2 or 3 trades with the lot 0.01, if instead if your deposit is very high you can select a safe and regulated broker, however i'm not telling you that only low leverage broker are safe, there also high leverage (1:500) broker very safe, in conclusion i will summarise the concept:

Deposit > 10.000 High trusted broker (They always have 1:30 as leverage) example: Admiral Markets ecc...

Deposit< 10.000 Trusted and regulated broker with high leverage (1:200 - 1:500 - 1:1000) example: Roboforex that offer a large selection of leverage or Alpari ecc...

The broker that i mentioned are only example of broker that i trust, if you choose them i advise you to go and read some review so, you can understand if they are what you are looking for.

Regards,
Federico

FedericoLin posted:
In my opinion you first need to know the amount of money you will put in, if you deposit 500€ u should not go with a 1:30 leverage broker because the margin will be very high and at most u can open 2 or 3 trades with the lot 0.01, if instead if your deposit is very high you can select a safe and regulated broker, however i'm not telling you that only low leverage broker are safe, there also high leverage (1:500) broker very safe, in conclusion i will summarise the concept:

Deposit > 10.000 High trusted broker (They always have 1:30 as leverage) example: Admiral Markets ecc...

Deposit< 10.000 Trusted and regulated broker with high leverage (1:200 - 1:500 - 1:1000) example: Roboforex that offer a large selection of leverage or Alpari ecc...

The broker that i mentioned are only example of broker that i trust, if you choose them i advise you to go and read some review so, you can understand if they are what you are looking for.

Regards,
Federico

Very informative post.

I will recommend https://nsbroker.com/ for newbies. They have a lot of educational materials that will help you easily jump into trading.
Also, they have a very interesting weekly market overview on their YouTube channel https://www.youtube.com/c/NSBroker

A good broker is one that aligns with your requirements. For someone like me leverage is important so I use finprotrading.

I have used brokers that only use bank deposits and some offshore ones that use BTC and found both ok. Just make sure you check reviews and overall reputation.

Do your homework. Be prepared before you start looking for a broker.
Know how they get paid.
Check educational qualifications and experience.
Ask about their lender panel.
Check their ownership structure.
See if your broker explains your options clearly.
Get it in writing.
Shop around for a cheaper loan.

I suggest trading with ICM, CMC or FP markets. Their spreads are pretty tight. I trade with FP Markets mainly because of their faster execution speed and lower commission costs than other similar ecn brokers.

As a beginner, first, you need to consider your needs. As per your strategy, choose the broker that fits well with your particular trading style.

Anyone currently trading live with a good reputable broker suitable for scalping mostly. Looking for either an ASIC or FCA broker with tight spreads mostly in EURUSD?

I will recommend https://nsbroker.com/ for newbies. They have a lot of educational materials that will help you easily jump into trading.
Also, they have a very interesting weekly market overview on their YouTube channel

KQad posted:
I recommend trading with FP Markets, an ASIC broker, their minimum opening balance is $100 AUD with some of the lowest spreads and slippages.

The other reason I recommend them is their customer service which is reliable and quick in solving clients queries even through emails or live chats.

Would deffiently recommend FP Markets

I suggest trading with FP markets. The spreads are consistent. Did not have any issues with spread widening, and the execution speed is pretty fast as well.

To find a good broker, you can do some research on Google and broker's website. First thing you need to check is the regulation of broker. Then you check the other facilities that you need according to your trading style.

Today, there are many brokers offering many facilities to attract traders. But choose broker wisely. Because there are many frauds among them.

I also trade with an offshore broker so can't really help with this one. Still think there are a lot of advantages to using one, like higher leverage and so on but I can understand being nervous and changing if you're willing to give up some of the perks.