Given the number of online brokers, it is a tough task to figure out the right broker for yourself. Yet, if you are clear about your requirements, half the problem is almost solved. As for choice, I feel that its actually wise to do some digging and demo trade with a 2-3 shortlisted ones to see which one fits you the best. And not to forget, always look for some genuine brokers not because they are some big names of industry but because they are regulated and have good trading conditions.
I suggest trading with a reputable broker like FP Markets. I trade using their raw ecn pricing account, and they have a robust trading condition with some of the lowest spreads in EURUSD and other major or minor currency pairs.
SigmaVess posted: Hello fellow traders, I need a suggestion from this vibrant community. Which broker you suggest for trading under these circumstances:
-starting capital 2000 EUR -MT4 platform -Rely mostly on Hedging strategies, automated (EAs) -need a good levererage, like 1:300 least -lot precision of 0.01 -Euro citizen -Regulated I know its a complicate question due to many factor, but having made a list of potential cadidates I would like to see if they are common, Thanks, Sy
Hey, I have a couple of broker in my mind which might fulfil most of the trading conditions that you are asking for. try out Fxview and FXCM. the first one will help you to reduce your trading cost with minimal spreads and low commission. Though you will have to figure out for leverage.
What's good for you, may not be right for the other person . So that's why it becomes important to consider those factors while choosing a broker which matches with your trading style. Can tell about myself what I looked for, while choosing fxview for myself. Regulation, support and low fees have always been the main criteria for me.
Dictiony posted: Choosing a good broker is very hard because there are many brokers out there and you must read about them at different reviews sites and choose one of them according to your requirements.
right. a trader should make a list of its requirements and draw a comparison between all the brokers offering those trading conditions. The one which over powers all other brokers should your optimal broker.
I really did a comparison between several brokers, and that is why I chose the Amarkets broker, because all the information is available, I am open, the conditions are transparent, and they really suit me.
I would recommend fxview to you. It fits all the parameters that you've stated except the 1:300 leverage part. Although you can that as well with their professional account (though I've never used it).
urcondis posted: I would recommend fxview to you. It fits all the parameters that you've stated except the 1:300 leverage part. Although you can that as well with their professional account (though I've never used it).