How do i know, which broker is the best?

Discussion in 'Forex' started by Somrat7864, Apr 18, 2021.

  1. maxinger

    maxinger

    WHEN YOU
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    #101     Feb 1, 2023
  2. you cant find a best broker without using this practically , even i do not believe the reviews from online.
     
    #102     Feb 1, 2023
    shine likes this.
  3. before choosing a broker it is more appropriate to trade in a demo account to see the performance how it works. this approach will be a great decision.
     
    #103     Feb 1, 2023
  4. I found this article on how to choose a forex broker. To summarize, when choosing your forex broker, consider these factors:
    1. Regulatory compliance
    2. Account features
    3. Currency pairs offered
    4. Trading platform
    5. Customer service

    You can read more here
     
    #104     Sep 11, 2023
  5. Waylen

    Waylen

    Consider regulation and don’t trust all social media post because sometimes social media posts are paid marketing to promote a broker.
     
    #105     Sep 18, 2023
  6. shine

    shine

    Yes, personal trading experience with a broker will be the best proof of your choice. Therefore, when I was choosing a broker for trading, after a demo account, I opened a small real ECN account (my broker fxopen gave the opportunity to open it starting from $100) and there I checked the quality of order execution, the stability of the trading platform and the size of spreads, which completely satisfied me. Only then I increased the size of my trading account.
     
    #106     Sep 11, 2024
    zdreg likes this.
  7. shine

    shine

    Also, I think it is better to choose a broker with regulation. For example, my broker fxopen has an FCA license. Brokers with regulation offer a higher level of security, transparency and protection for their clients. Unlike unregulated companies, they ensure compliance with laws and standards, which reduces risks for traders.
     
    #107     Dec 25, 2024