What to look for when choosing a Forex broker

Discussion in 'Forex' started by FP Markets, Nov 13, 2019.

  1. Additionally, traders should investigate the account options offered by each broker, including the leverage ratios, costs and spreads, initial deposits, and account funding and withdrawal regulations.
     
    #121     Jul 29, 2022
  2. Peace11

    Peace11

    These are very important factors, especially the "account funding and withdrawal regulations" part. This is one very vital thing to look out for, because after all the hard work you get hit with payment system issue, there is no frustrations as big as that one.
    This is definitely one of the very first things I checked on forexchief before registration, and they turned out to have a very good and convenient deposit and withdrawal methods through electronic payment systems such as Cryptocurrencies, WebMoney, Perfect Money, NETELLER, Skrill, Advanced Cash, FasaPay, with zero commission.
     
    #122     Aug 1, 2022
  3. Also, Darwinex and ActivTrades are both FCA regulated, and I have had good experiences with both.
     
    #123     Aug 2, 2022
  4. Informative Thanks!
     
    #124     Aug 2, 2022
  5. Really useful. Thank you for taking the time :)
     
    #125     Aug 2, 2022
  6. Definitely some good features, although I would avoid the ones that offer excessively high leverage. I've seen some doing 1:2000, which is just insane! I think 1:500 on FX is about the max for me
     
    #126     Aug 2, 2022
  7. this is good but need a exact trading plan.
     
    #127     Aug 6, 2022
  8. As a beginner I go for a regulated broker!
     
    #128     Aug 8, 2022
  9. which regulated broker did you used last time ?
     
    #129     Aug 13, 2022
  10. before choosing a broker it is more appropriate to make sure real reviews by ForexPaceArmy.
     
    #130     Aug 14, 2022