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.
we the traders should choose the broker which is more appropriate to the concept of trading that will be used , if love doing scalping should choose the broker which allows trading concept such as this.,
Dictiony posted: Without the help of a broker you never can be a successful trader and always choose a broker with good trading conditions like low spread and good customer support.
Totally! being a scalper, spreads and commissions eat up alot if looking at yearly performance which could have saved atleast half, led me to find low-cost broker (ended up with fxview), had demo and started live few months ago and wished I could have found them earlier to save alot of unnecessary costs. but what's gone is gone, experience matters.