How to determine whether the platform is safe and reliable?

Dec 11, 2020 at 10:19
1,945 การดู
22 Replies
เป็นสมาชิกตั้งแต่ Aug 19, 2020   15 โพสต์
Dec 11, 2020 at 10:19
How to determine whether the platform is safe and reliable?

At the end of last week, many fans asked me how to identify the foreign exchange platform.

No matter what regulation is not regulated, we will teach you a simple and crude method. Bloomberg will search the name of the platform on the terminal to see how many users there are. Because the formal platform needs to do risk control and hedging, so many traders must keep in touch with the bank investment bank in real time in such a big booth, so it must use BB chicken, and making phone calls will definitely not work.Therefore, according to the number of BB, we can infer the completeness of the manpower and facilities of a platform trading department.Personal experience of more than one page belongs to reliable, sporadic 1 or 2 belong to at least in the business, none of them do not explain the garbage..

There are also a lot of personal comments asking me what ECN STP is better and so on. I once again emphasize that there is no ECN STP in retail foreign exchange margin. All platforms are positions with LP.

Even many large platforms will set up another LP company for their own business, which will be used for their own platforms and help other companies to handle their positions.The only difference is whether the platform you use is to take your own position or to just leave it all to another banker.The so-called ECN STP NDD is a marketing slogan to deceive Xiaobai and half hung employees, so we should not be caught in this mistake again.

Finally, I would like to reiterate that any overseas license is useless for retail investors in China, and any ECN or STP is also useless. The foreign exchange speculation of retail investors is specially designed for retail investors, which is different from the real foreign exchange market..
เป็นสมาชิกตั้งแต่ Nov 16, 2020   21 โพสต์
Jan 04, 2021 at 08:55
You can check the services and reviews online or try to get some verification from the platform you want to trade with.
เป็นสมาชิกตั้งแต่ Dec 11, 2020   110 โพสต์
Jan 16, 2021 at 06:55
I would say to check the integrity of their regulatory body along with the genuine word of the mouth.
เป็นสมาชิกตั้งแต่ Apr 25, 2020   119 โพสต์
Jan 17, 2021 at 13:34
The trading platform must be functional, secure, and respond quickly to any changes.
เป็นสมาชิกตั้งแต่ Nov 26, 2020   30 โพสต์
Jan 19, 2021 at 08:43
The easiest way is, of course, to try it yourself and see for yourself.
เป็นสมาชิกตั้งแต่ Nov 30, 2020   21 โพสต์
Jan 22, 2021 at 06:35
A platform should provide good services and should be stable. You are right to say that it doesn’t matter if the platform is regulated or not and I believe as long as the trading conditions are suitable, it is okay to go with it. Like I’ve been trading with some brokers that fulfil my trading needs which are low spreads, commissions, fast withdrawals, good customer service. And in all these regards, Oanda, Fxview and TDA are good choices.
เป็นสมาชิกตั้งแต่ Mar 16, 2021   477 โพสต์
Dec 03, 2021 at 02:58
The platform on which you will invest must be secured. So it is necessary to choose a regulated broker. And it can be easily found by research.
เป็นสมาชิกตั้งแต่ Apr 09, 2019   538 โพสต์
Dec 13, 2021 at 14:31
Research on multiple sources to narrow down the ones that are candidates and then probably testing them out yourself.
If you can't spot the liquidity then you are the liquidity.
เป็นสมาชิกตั้งแต่ Jul 19, 2020   788 โพสต์
Dec 19, 2021 at 00:23
Regulated brokers need to choose a stable platform. It is possible to do risk free trading.
เป็นสมาชิกตั้งแต่ Mar 16, 2021   477 โพสต์
Dec 22, 2021 at 19:15
skihav posted:
Alternatively, work on a demo account with this platform. This is quite a good option to test the platform.
A good option, in trading the demo platform can give good support for market verification.
เป็นสมาชิกตั้งแต่ Mar 28, 2021   617 โพสต์
Dec 27, 2021 at 04:11
You can use this criteria: The legality of the broker, Company address is real, Forex award winner, Customer review about this broker, Bonus and promotion, Easy to WD the profit.No restriction to use EA, scalping, hedging..etc
เป็นสมาชิกตั้งแต่ Mar 16, 2021   477 โพสต์
Jan 02, 2022 at 02:35
Akasuki posted:
You can use this criteria: The legality of the broker, Company address is real, Forex award winner, Customer review about this broker, Bonus and promotion, Easy to WD the profit.No restriction to use EA, scalping, hedging..etc
good information, Need to work with a regulated broker.
เป็นสมาชิกตั้งแต่ Jul 23, 2020   759 โพสต์
Jan 03, 2022 at 17:55
When you trade with registered and trusted brokers safety is not a problem.
เป็นสมาชิกตั้งแต่ Jul 23, 2020   869 โพสต์
Jan 04, 2022 at 07:00
Any trading platform can be abused by untrusted brokers. So in my opinion you need to search for a trusted broker working under strict regulations.
เป็นสมาชิกตั้งแต่ Dec 14, 2019   22 โพสต์
Jan 22, 2022 at 13:29
There are some tips actually, how to determine the reliability of the particular platform. The main tip is to try it and yes there is no better proof than your personal experience. You have to allocate particular sum of money, even the smallest one and try to trade with the broker or on the platform. In this case you will clarify everything for yourself and you will be able to draw conclusions. To my mind, the safest way is just to try to find the reviews about this platform in the internet. As a rule, people honestly share their experience of trading with certain brokers or on certain platforms. So, here you should decide on your own.
เป็นสมาชิกตั้งแต่ Mar 30, 2022   10 โพสต์
Mar 31, 2022 at 04:38
Choose a broker, I also test with a demo account first
Continuous and stable profitable EA is our service purpose
เป็นสมาชิกตั้งแต่ Mar 24, 2022   56 โพสต์
Apr 28, 2022 at 12:26
Ida520 posted:
Choose a broker, I also test with a demo account first
That’s right, it’s always better to trade a demo account to find out the authenticity of a broker. I did the same when I started trading with aaafx despite knowing it is a regulated broker. It is okay to be extra cautious at the start.
เป็นสมาชิกตั้งแต่ Jan 24, 2022   15 โพสต์
May 03, 2022 at 15:26
Agree, though the demo will not tell you how to process the emotions but it gives the gist of the brokers’ trade execution speed and spreads in volatile sessions. I never trade directly in the live market when switching to another broker. Recently I have shifted myself to fxview after testing it on demo for a few weeks.
เป็นสมาชิกตั้งแต่ Aug 05, 2021   401 โพสต์
May 20, 2022 at 16:02
I like to read reviews from real people on multiple different sites and on Facebook as well. Seeing what real world traders think about a broker is so much more important to me than reading articles that may lean in one direction or another based on their affiliation with or against said broker. If you notice red flags, like a lot of complaints about withdrawal problems, then it's easy to know that you need to stay far away.
เป็นสมาชิกตั้งแต่ Sep 02, 2020   14 โพสต์
May 28, 2022 at 20:52
there are some tips how to determine a reliable platform.

firstly, start off with the broker, check all the regulations, licenses, certifications, maybe awards. don't regret the time on checking this information as it's fundamental thing for determining a proper broker. get acquianted with the customer support team, as a rule reliable brokers always concern about their customer support, because this team is liable for keeping traders' funds safe.
secondly, you should try it out. observe the broker's website, check the FAQ section, look through the platforms and conditions, then open a demo account. in fact, the only thing you have to do is just to try trading on demo.
so, if you were convinced n the reliability of the broker, try various indicators, lines on the platform and if there are no delays and the platforms works properly, then congrats you have found a good trading platform =)
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