Q_FxTrader posted: I can give my opinion about some of the most popular brokers in terms of Pros and cons:
Pros: Overall good broker and reliable and ASIC regulated with excellent customer support. Cons: Spreads are slightly higher compared to other brokers. Also, they have a leverage breakdown structure as the account balance increases.
Pros:Good broker and ASIC regulated. Spreads are extremely low and excellent customer support Cons:Very few deposit and withdrawal options
Pros:Seems to be a good broker and ASIC regulated. Spreads are very low. Cons:Very slow customer support. Back end seems to be fishy and they intentionally create problems, freeze and manipulate price feeds if they find a smaller account balance account starts making consistent profit. Consistently loosing accounts work fine with this broker.
Pros: Good spreads and excutions. Wide range of deposit and withdrawal options including crypto currencies as deposit and withdrawal method Cons: Not regulated. Also, they have a leverage breakdown structure while account balance increase
Pros: Well known and regulated broker. Very low spreads. Good customer support Cons: Limited deposit and withdrawal methods not suitable for all. Higher deposits required compared to other brokers.
Martinki posted: Hi, im currently looking for a good forex trader, i did a whole lot of search and confused, im looking for something like a minimum of 100$ deposit account opening and with lower spreads, any suggestions for a good broker.
Turnkey forex will suit you the best I think, in this case. They are offering ECN account for which minimum req is $100 and spreads are way too low around 0.4-0.5 pips on majors.
akevi posted: So i came across several forex traders and the ones i found actually good for a beginner is either Global Prime or FP markets, but if you have good experience you can figure out or by now one would know which one to use.
There is no such thing as the best broker, we all do live in a very different conditions on all possible levels and are located in different countries with different regulators, different possible max spreads and entirely anything else to that matter. I do not see that clearly. To each his own.
It is very difficult to find a best broker from all, because there are almost thousands brokers in online Forex trading and most of them are found to be scams. You can choose a regulated trading broker which guarantee their clients finds.
choosing a regulated broker does not mean any safety of funds as we have many past examples of regulated brokers truing into scams over night , so in addition to check for a broker which is being regulated I do prefer going with those who are reputed too.
Adribaasmet posted: In my trading, I am comfortable with the fixed trading spread, I see during the high voltage news, brokers (not all brokers) increase the trading spreads if traders use dynamic trading spread.
Even fixed spreads are stretched during news. Read the blueprints. So on normal conditions you pay more to your broker On high volatility to pay the same as flex spread.