Broker recommendations!!

Choose several options for yourself, try to work there and then decide.

 

Honestly I don’t think I can trade with a broker that doesn’t provide negative balance protection. I specifically looked for a broker that has the option and then opened an account. Does anyone here feel the same way?

 

But I don’t want to try too many options, so looking out for suggestions.

 

I don’t think picking a broker based on just this feature would be ideal. You have to look at other aspects like commissions, spreads, withdrawals, regulation, etc as well.

 

I’m not saying go for a broker just based on that. But it is something I look for when I’m trading along with all these other things.

 

As a newbie reading this, I have to ask how important negative balance protection is and how will I know if a platform offers it?

 

Well, for most traders, it is kind of important to trade with a broker that offers negative balance protection. This helps them in managing risk and they can get rid of unpayable debts in time. There are several benefits and you can always ask a broker if they have this feature.

 

For a market that is volatile, a negative balance protection doesn’t hurt. It kind of acts like an additional protection against the ever changing market.

 

Of course, you need to use all types of protection that can protect you.

 

That is right and scalpers know how the market works. There are many factors that they have to consider before scalping and I can say that it is not everyone’s cup of tea.