Is it better to switch brokers?

Discussion in 'Forex' started by AlgernonWallace, Sep 22, 2016.

  1. I think also important point if we still stay on broker although might today still comfortable and safe, but we need carefully and if get profit in my opinion we can withdraw first until break even point so these profit already on safe account not on broker and we can use as backup
     
    #31     Nov 14, 2016
  2. Esha.J

    Esha.J

    If trader is not happy with his broker than he can contact customer support to get help by broker. But if you still dont get any help from it then better you move to any good service for your money.
     
    #32     Nov 26, 2016
  3. This might not always be the case but a broker should not have fixed spreads and should be avoided. But some honest brokers have a fixed spread and they are fine so its better you use them for at least a 3 months before opening up with them. Use a demo.
     
    #33     Nov 27, 2016
  4. bublu

    bublu

    For good sake we can switch to others but i believe that we should not put all the eggs in one single basket, that's why we should always trade with more than one but reputed brokers IMO.
     
    #34     Nov 28, 2016
  5. I am also using broker that have fixed spread and already few month still fine, every withdrawn still processed but indeed they have rules if I can't withdraw more than one time on a day
     
    #35     Nov 29, 2016
  6. Herbert

    Herbert

    Just be prepared for all the complexities before you switch brokers. Your new broker wants to make the process easy for you, so feel free to ask for help if you need it.
     
    #36     Nov 29, 2016
  7. Esha.J

    Esha.J

    Every trader has his own choice for work and thinking. If trader is not happy with broker than surly move to better one according to his likes and working style.
     
    #37     Nov 30, 2016
  8. Yes eventually will each trader that will decided, and each trader also will having own responsibility with their option, forex trading remain risky and more risky if facing with scammed broker I think
     
    #38     Dec 1, 2016
  9. bublu

    bublu

    I guess no body knew when either any regulated broker turned into scam and stop paying their traders. We already have few examples in the past, i think it could be good step to withdraw profits regularly from our broker while leaving the only capital with them.
     
    #39     Dec 1, 2016
  10. doggyfx

    doggyfx

    What is wrong with them? You can try FXCM or Hotforex, both are good for retail trading..
     
    #40     Dec 1, 2016