Some tips about choosing Brokers.

Discussion in 'Forex' started by Somrat4030, Jul 16, 2021.

  1. FahadMd

    FahadMd

    emotions most of the time works negatively. so traders should work on this , otherwise it causes a great risk in trading as well real life.
     
    #61     Feb 7, 2022
  2. momo3HC

    momo3HC

    First time heard about the emotions when choosing a broker.o_O
     
    #62     Feb 20, 2022
  3. newcomers looking for the broker which has 100% initial bonus but this kind of bonuses cannot be used in a proper way due to so many restrictions.
     
    #63     Mar 10, 2022
  4. yes this kind of bonuses most of them are found to be scams.
     
    #64     Mar 15, 2022
  5. According to me , the best broker is a broker which for all time make sure superior execution for trading comfortably, low transaction cost, easy withdrawal system without long time process, lowest trading spreads for using any kinds of trading strategies , active customer services and much more real trading facilities that are very supportive to lead a comfortable trading life with certainly.
     
    #65     Mar 15, 2022
  6. Choosing a good broker can be challenging as there are so many out in the market. i would suggest you look out for one with regulations like FCA or ASIC, Cysec so your money is safe with them. Next is checking their spreads, commission fees, deposit and withdrawal process if it's fast or not.
     
    #66     Mar 16, 2022
  7. rider20

    rider20

    Some tips- Regulation, Spreads and Support.
     
    #67     Mar 16, 2022
  8. FahadMd

    FahadMd

    agree but from all i think spreads is mainly considered as a best issue when choosing a broker.
     
    #68     Mar 16, 2022
  9. Tapani

    Tapani

    My advise is this, whatever broker you choose and that claim to be regulated or licensed, make sure you check with the association or agency regulating them to make sure what they claim is true. Am sure all legit agencies have websites where they list brokers associated with them, in my case I had to check with FMA to see if forexchief was listed there as they claim to be a member and it checked out.
     
    #69     Mar 25, 2022
  10. When traders look for brokers, usually they have certain criteria according to their preference, because sometimes each trader has their own criteria that meet their requirement. Common criteria when choosing the broker like as, regulatory, low spread, trading condition, account type, available market, trading platform, deposit, and withdraw option, customer support, reviews among traders, etc. I trade using FXOpen
     
    #70     Mar 27, 2022