How can we find a reliable platform?

candicesummer posted:
When choosing a FOREX broker, you should always consider security, support, fees and regulations before you decide.
So in order to find a regulated forex broker with a great reputation, consider these things:
Where are the broker regulated
FCA
FSA
CySEC
FINRA
CFTC
ASIC
How many years have they been in business?
Have they survived bear markets, and big client losses?
How much do they have in deposit guarantee?
Are they holding you account deposit in a segregated bank?
What support opportunities do they offer?


When you have answered these first questions, you can begin to compare spreads, fees, inactivity fees, charting software and anything else that might also be important for you as a trader.
When you compare the best and regulated forex brokers you should consider:
Spreads
Trading fees
Inactivity fees
Account fees
Charting software

Thanks for the useful information.

just follow some basic step to make money from this risky market.

There are generally accepted recommendations on how to choose a platform and what to look for, focus on them, and, of course, compare the conditions that are offered.

Cordawield posted:
There are generally accepted recommendations on how to choose a platform and what to look for, focus on them, and, of course, compare the conditions that are offered.

Comparing two or more platforms is a smart way of making a decision especially if it is about a platform. There are some factors that cannot be overlooked like commissions, any additional fees, spreads offered, leverage, trading conditions, withdrawals, deposits, etc. Always better to be prepared.

Mikehussey posted:

Cordawield posted:
There are generally accepted recommendations on how to choose a platform and what to look for, focus on them, and, of course, compare the conditions that are offered.

Comparing two or more platforms is a smart way of making a decision especially if it is about a platform. There are some factors that cannot be overlooked like commissions, any additional fees, spreads offered, leverage, trading conditions, withdrawals, deposits, etc. Always better to be prepared.

That works for me too and you know what I do, I simply make a list of platforms that are okay in terms of reliability and service. It is important for me to do my research before going with a platform. I did that when I was looking for brokers. I took 3 brokers, XTB, IG and Fxview and analysed their services and created a detailed account of what might suit my style. The customer support with these platforms was good and IG’s interface was easy to handle. I really liked the lower spreads offered by Fxview and the transaction cost was also low. I ended up using all three.

A reliable platform, having a fairly good year of its reputation, and, of course, conditions for users.

inspirenez posted:

Mikehussey posted:

Cordawield posted:
There are generally accepted recommendations on how to choose a platform and what to look for, focus on them, and, of course, compare the conditions that are offered.

Comparing two or more platforms is a smart way of making a decision especially if it is about a platform. There are some factors that cannot be overlooked like commissions, any additional fees, spreads offered, leverage, trading conditions, withdrawals, deposits, etc. Always better to be prepared.

That works for me too and you know what I do, I simply make a list of platforms that are okay in terms of reliability and service. It is important for me to do my research before going with a platform. I did that when I was looking for brokers. I took 3 brokers, XTB, IG and Fxview and analysed their services and created a detailed account of what might suit my style. The customer support with these platforms was good and IG’s interface was easy to handle. I really liked the lower spreads offered by Fxview and the transaction cost was also low. I ended up using all three.

Yes, reliability in terms of execution, deposits and withdrawals is very important and a trader should get a good share of his own profit instead of just paying the high commission charges of different platforms. Just an opinion.

There is another way which I use for looking at brokers, which is to use them. I use their demos, got nothing to lose.

I look for the fees and being a scalper, it is the one of the few things I want in a platform. I go with low cost brokers.

inspirenez posted:

Mikehussey posted:

Cordawield posted:
There are generally accepted recommendations on how to choose a platform and what to look for, focus on them, and, of course, compare the conditions that are offered.

Comparing two or more platforms is a smart way of making a decision especially if it is about a platform. There are some factors that cannot be overlooked like commissions, any additional fees, spreads offered, leverage, trading conditions, withdrawals, deposits, etc. Always better to be prepared.

That works for me too and you know what I do, I simply make a list of platforms that are okay in terms of reliability and service. It is important for me to do my research before going with a platform. I did that when I was looking for brokers. I took 3 brokers, XTB, IG and Fxview and analysed their services and created a detailed account of what might suit my style. The customer support with these platforms was good and IG’s interface was easy to handle. I really liked the lower spreads offered by Fxview and the transaction cost was also low. I ended up using all three.

I also trade with Fxview. They really offer some tight spreads on ECN. IC Markets has good trading conditions too. I’m using these two brokers right now and they are regulated which is really important for me.

That is right. A lot of things need to be considered like the commission fees, spreads, regulation, trading conditions etc.

That is right. Make a detailed analysis of their services, conditions, spreads, withdrawals, payments, platforms, etc. These are quite important while selecting a broker. Some people even look for regulation.

This is how I chose the Amarkets broker. I made a deposit of $ 100, the minimum tested it, tried to trade the withdrawal of funds, sang, everything suited me, so I work with him.

IC are what most pro traders use. Solid broker with good spreads etc and regulated in australia

Regulations and licences are the first thing to check out. Cross check on the website to see if they are really regulated or not.

Platforms that have been on the market for a long time, and I have more confidence than everyone else, because they held out if there was something wrong.

Yes, looking for a regulated broker that has a reputation can be a good thing for a trader. You have shared some very good suggestions. Thanks.

For choosing a reliable platform, one needs to see features like one-tap trading, types of technical indicators, 9-time frames, compatibility with a broker and the market theatrics, different execution modes and others.

epeepillock posted:
Yes, looking for a regulated broker that has a reputation can be a good thing for a trader. You have shared some very good suggestions. Thanks.

There are many sites which offer broker rating based on user rating.