New to FX trading. Live in US, wanting to trade FX and Crypto. Anyone with a couple of years under their belt of trading experience, I would love to hear your opinion. Currently I use Lqdfx as my broker, they make me nervous bc they are based out of the Marshal Islands and can only fund account with BTC. So deposits and withdrawals you lose a good bit of money. Looking for broker that I could directly fund with bank account. Thanks in advance.
Funding with bitcoin is actually secure and faster, there’s no reason to worry on that. But if you want a broker that allows funding directly from bank account you can try xm or fxview. These are offshore brokers too but regulated, so again no red flags. If you would want only a US based broker you might miss out on a lot of flexibility in trading like small account size and trading fees which only the ones outside US can legally provide. However I’m not sure if these brokers accept clients from US, you’ll have to check on that.
Yes, the choice of a broker is obviously very important. But there is something without which you shouldn't even start trading. This is Faith in yourself, and self-confidence. If you start a new business and do not believe in your victory, the result will be sad.
Yes, the choice of the broker is pretty much depends on you that how you can search on intternet and how to find a reliable and trusted broker. Always choose a broker with good online reputation with low spread and good customer support.
Dictiony posted: Yes, the choice of the broker is pretty much depends on you that how you can search on intternet and how to find a reliable and trusted broker. Always choose a broker with good online reputation with low spread and good customer support.
There's so much about brokers on the internet. How do we make out what information is genuine and what's not?
I mainly scalp and have been trading with FP Markets for a while. Their Raw Spreads account has some of the tightest spreads out there and no spread widening issues even during high volatile market movements.
No issues during withdrawal Process as well. I deposited using a card and was able to withdraw back to the same card easily.