What to look for when choosing a Forex broker

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

  1. tedmos38


    Yes!! true that.
    #51     Sep 23, 2020
  2. when choosing a broker we should choose the right one which is more appropriate to the concept of trading that will be used , if love doing scalping should choose the broker which allows trading concept such as this.
    #52     Sep 28, 2020
    tedmos38 likes this.
  3. First you should ensure the broker is regulated or not with regulated bodies like FCA and others and than check the reputation of the broker maket. Also a broker should has good customer support and good trade execution.
    #53     Sep 30, 2020
  4. its very common services and general , i have a question , regulated trading broker always can ensure the security of funds ?
    #54     Oct 1, 2020
  5. Burigelv


    Basically, in order to choose a broker, there are no special problems, all information is available in full.
    #55     Oct 1, 2020
  6. Esha.J


    While selecting a forex broker i personally check the customer reviews availble online and also ask close friends working in this feild of forex. Regulated broker are one we can trust on.
    #56     Oct 2, 2020
  7. fargone


    When your broker is regulated and registered under ICF, you are in a safe place. By that, I mean, your funds are entirely covered by insurance just in case the broker goes down the south. This is what I noticed for the first time with fxview, while i was going through to check authentication, they are ICF registered which means that my funds will be compensated upto 20K Euro. You should also check your broker for the same.

    #57     Oct 17, 2020
  8. tomorton


    Things to look for would include -

    1. a strong respected regulator to stop Ponzi-type operators and stop-hunters
    2. broker has segregated bank account for client funds
    3. negative balance protection so even if you're long EUR/CHF and it crashes 20%, you cannot end up in debt
    4. deposit protection (but find out what the upper limit to this is and if that means a full 100% compensation on the full amount)
    5. competitive spreads and fees
    6. no withdrawal fees
    #58     Oct 17, 2020
  9. Kodakoto


    These points are really correct, and you can focus on them.
    #59     Feb 4, 2021
  10. Marvini


    During the training, we are told about the nuances that we must take into account when choosing a broker, and they must be taken into account.
    #60     Feb 11, 2021