It's hard to say definitely because when you do trial there are periods of excellent execution and spreads, other periods maybe awful and unsatisfactory. I guess market conditions like liquidity and volatility have their say to. But still I would single out Hotforex or Tickmill as brokers of first choice to try.
I liked the trading conditions at FXOpen, which is regulated by the FCA. This company offers the possibility to open a full ECN account starting from only $100.
I have seen many past regulated brokers who turned into scam and not sure if the traders got their money back so better to check the brokers repute beside their regulations.
yes thats always something that happens, so its an added factory really, one must maintain a good track record, multiregulations are good, e.g. hfm has many regulations with a good track record and continues to adapt and innovate. another broker thats going under the radar is lmfx, very good broker with close to no regulation, but the track record speaks for its self.
very good broker with close to no regulation,! Contradictory statement, If they are good then they should not shy away from being regulated in a good jurisdiction
https://asic.gov.au/about-asic/news...ce-of-retail-otc-derivative-issuer-fxopen-au/ https://fxopen.com.au/
the concern is understood, the insight was a bit narrow, yes they may not be regulated by an A-Tier regulatory body YET. but unregulated doesnt mean bad, the track record will be ur next best bet, and depending on the conditions offered if it suits the trader or not. just like how fxopen had its FSA license cancelled by asic back in September of 2024, or their voting right suspended by CySec in october of 2024, i dont think it makes fxopen a bad broker either.
If A major regulator like ASIC suspends a License according to you the broker is still good and people should risk their deposit? So do you remember FXCM USA was also banned? are their UK or some tin pot country operation is still good?
We also have some examples of the past where even some regulated brokers turned into scam over the night and never paid any money back to the traders. It is better to keep withdrawing profits leaving the necessary capital with the broker.