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  1. #1
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    Jul 2020
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    What should I look for when choosing a broker?

    There are various interesting points when opening an account with a broker. Therefore, you must be consistently careful while choosing a broker. You need to make sure that your broker is reputable and reliable. The broker must be regulated and licensed like Eurotrader. Unregulated brokers are known to have a well-known scammer. Always check the spreads, commission, and minimum deposits and withdrawals related to trading accounts.

  2. #2
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    Apr 2016
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    If you want to get the best deal, then you must choose a broker who employs good trade execution practices. This will ensure that your trades are actually filled at the best market rates and also in a timely manner. Basically, there are two types of brokers that you can choose from. They include those with dealing desks and those who pass clients' orders to the interbank market. For instance, if you choose to deal desk brokers, then the broker will be your direct counterparty meaning that they will make a loss from your trade when it makes any gains and vice versa.

  3. #3
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    Quote Originally Posted by QueenSara View Post
    If you want to get the best deal, then you must choose a broker who employs good trade execution practices. This will ensure that your trades are actually filled at the best market rates and also in a timely manner. Basically, there are two types of brokers that you can choose from. They include those with dealing desks and those who pass clients' orders to the interbank market. For instance, if you choose to deal desk brokers, then the broker will be your direct counterparty meaning that they will make a loss from your trade when it makes any gains and vice versa.
    When we are trading in the Forex markets we need to learn our trading skills and then look for getting success in this business. If we will use our trading skills correctly then our chances for the success will be greatly increased.

  4. #4
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    May 2020
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    Choosing the right broker really solves many of the trader's questions. I have worked with different companies, but now I use a broker from Amarkets. For me, this is the best option for the job.

  5. #5
    Join Date
    Jun 2015
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    333
    Frankly speaking, I just wish to work with a secure broker and fortunately, I have just that in FreshForex. It’s not only one of the most secure and reliable companies but also has lots and lots of benefits too. The biggest benefit with them is their low spreads, which starts from 0.1 pips to high leverage and I love their rebate program too. This all combines into perfect results for any trader.


  6. #6
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    Nov 2020
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    30
    Choosing the broker is one the most crucical thing, that is why you should discusss with others fx forum so when you will talk with others you will know about this business more and becomes able for you to choose right broker.

  7. #7
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    Apr 2020
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    I believe that everyone determines the main parameters for themselves in choosing a broker to work with, but it is worth highlighting certain key parameters. For me, this is reliability and convenience.

  8. #8
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    Jul 2020
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    For me, the key factor in choosing a broker is reliability. It was on this factor that I chose the broker ExpertOption to work. As for me, this is now the most reliable option for work.

  9. #9
    Join Date
    Aug 2017
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    1,331
    Forex is a profitable investment market. However, many are failing to do that. Due to lack of knowledge and skill 95% trader are losing many in this market. So, new trader should gain knowledge and develop skill in demo account. Then start investing small. I also did same. Currently I am trading with Forex4you. It is been 3 years I am trading in forex trading.

  10. #10
    Join Date
    Jan 2021
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    when you choose a broker, you can easily fall for deceivers who will throw you money or ruin all your transactions and the terms of the trading itself, so be careful

  11. #11
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    Feb 2021
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    9
    To make the first experience as pleasant as possible, it is better for a novice trader to choose a broker with a minimum initial deposit, so that in case of an unsuccessful transaction, he does not lose much. A high level of broker reliability is also important for a beginner.

  12. #12
    Join Date
    Dec 2020
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    28
    In addition to the license and reliability, it is also worth assessing the company's reputation. In this concept, I mean the broker's fame, openness to clients, the absence of loud scandals and problems with withdrawing funds

  13. #13
    Join Date
    Jan 2021
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    117
    Quote Originally Posted by QueenSara View Post
    If you want to get the best deal, then you must choose a broker who employs good trade execution practices. This will ensure that your trades are actually filled at the best market rates and also in a timely manner. Basically, there are two types of brokers that you can choose from. They include those with dealing desks and those who pass clients' orders to the interbank market. For instance, if you choose to deal desk brokers, then the broker will be your direct counterparty meaning that they will make a loss from your trade when it makes any gains and vice versa.
    Most brokers don't make a loss when you win / don't win on your losses, which is better because then there is no conflict of interest between the trader and the broker. Most brokers make money on commissions and spreads.

  14. #14
    look for a reliable broker who will not interfere with your work and making a profit, see general information about brokers and do not fall for scammers

  15. #15
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    Dec 2020
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    Quote Originally Posted by Ungierahar View Post
    look for a reliable broker who will not interfere with your work and making a profit, see general information about brokers and do not fall for scammers
    I have been doing my Forex Trading with the Truly ECN and International Forex Broker FXOpen. I have been trading with them since the year 2010.

  16. #16
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    For me, the most important factor is the reliability of the broker. It is on this factor that I chose a broker from Amarkets for work, and so far I am completely pleased with choice.

  17. #17
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    Jul 2020
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    Usually I try to look at all the parameters at once. According to the general parameters, the broker ExpertOption chose to work, and so far he is quite pleased with the results.

  18. #18
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    Apr 2020
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    I do not look at one particular parameter at all, I try to analyze all the parameters of the broker. According to this principle, I chose a broker from Amarkets for work, and I am quite pleased with choice.

  19. #19
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    Jul 2020
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    Emotions don't belong here at all. Often traders prefer robots for trading because they do not take into account the emotion factor.

  20. #20
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    Quote Originally Posted by dayzzz View Post
    Emotions don't belong here at all. Often traders prefer robots for trading because they do not take into account the emotion factor.
    I have seen many of the forex traders who are actually doing their trading they are making the same kind of mistake again and again due to the emotions in their trading and they need to stop doing this.

  21. #21
    if you do not fall for scammers when choosing a broker, this will already be your little victory, then it will be easier to figure out what and how

  22. #22
    Join Date
    Jun 2020
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    77
    When you choose a broker for yourself, always look at his experience in the market, as well as recognition. For example, Amarkets has been on the market for 13 years and has many awards.

  23. #23
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    May 2020
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    The most important feature of the broker is reliability. As for me, this is the most important aspect. It was by this parameter that I chose a broker from Amarkets to work.

  24. #24
    You need to pay attention to many factors when choosing a broker, because all of them will affect the results of your trading, and there are also suggested points at the training stage that a good broker should correspond to.

  25. #25
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    Dec 2020
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    28
    I can tell you why I chose the Amarkets broker. He has a small spread, which are quoted from 0.2 pips, a good leverage of 1: 1000, the payment system works perfectly and most importantly, his experience allows him to be trusted.

  26. #26
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    May 2020
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    For me, the main parameter when choosing a broker is its reliability. For this reason, I have now chosen a broker from Amarkets for work, because I think this option is the most convenient and profitable.

  27. #27
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    Quote Originally Posted by malopis View Post
    For me, the main parameter when choosing a broker is its reliability. For this reason, I have now chosen a broker from Amarkets for work, because I think this option is the most convenient and profitable.
    The main reason why i choose to do my trading in the Forex markets was the ECN Trading facility that the FXOpen Broker gave me.
    It has the Lowest ECN Spreads in the markets.


  28. #28
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    Jan 2021
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    405
    the most important thing in choosing a broker is not to get caught by scammers, everything else depends on the platform itself, the work of the broker's staff and the conditions that are offered to you

  29. #29
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    May 2020
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    For me, the most important aspect when choosing a broker is the reliability of work with the company. By this parameter, I chose a broker from Amarkets for work, and so far I am quite happy with my choice.

  30. #30
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    Quote Originally Posted by malopis View Post
    For me, the most important aspect when choosing a broker is the reliability of work with the company. By this parameter, I chose a broker from Amarkets for work, and so far I am quite happy with my choice.
    I am doing my Forex trading with the help of a Reliable and Efficient Forex trading broker FXOpen Global and doing good trading also

  31. #31
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    Jan 2021
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    405
    the main thing when choosing a broker is not to work with no-name companies that can throw you at any time for money, you should not risk it

  32. #32
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    In fact, everyone is looking for a broker in their own parameters, but the list of parameters is quite often relatively similar. The main thing is reliability and good conditions for work.

  33. #33
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    Jul 2020
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    I believe that initially you need to highlight the most important parameters for yourself. In fact, this is key when choosing a broker. Well, for reliability, do not forget, of course.

  34. #34
    Join Date
    Apr 2017
    Posts
    714
    Yes, in my opinion as a trader if you don’t get educated before starting your career in Forex market you will surely face huge loss and can’t afford it as a long time. So, better you learn first and then invest as per your trading capability. I choose TP Global FX broker because they are very caring about their clients and give super-fast and active customer service. I have learned from their free demo account.

  35. #35
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    May 2020
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    I believe that when choosing a broker, everyone highlights the parameters that are important to them. In this case, it will be easier for them to choose exactly the option that suits them.

  36. #36
    Join Date
    Jan 2020
    Posts
    257
    In the forex market, a lot of traders lost their money because of fake or bad brokers. Brokers play an important role in trading. Making profit or having loss is mainly depends on the broker. while choosing a broker, a trader should research properly about the broker. I always trade with Tpglobalfx. Because they give me proper guideline at the time of trading. They also help me to do comfortable trade. So, for me they are perfect broker for me.

  37. #37
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    Quote Originally Posted by Steve Martin View Post
    In the forex market, a lot of traders lost their money because of fake or bad brokers. Brokers play an important role in trading. Making profit or having loss is mainly depends on the broker. while choosing a broker, a trader should research properly about the broker. I always trade with Tpglobalfx. Because they give me proper guideline at the time of trading. They also help me to do comfortable trade. So, for me they are perfect broker for me.
    We need to do our trading with the help of a Reliable and Trusted Forex trading broker which has been in the Forex markets for more than 15 Years like FXOpen Global

  38. #38
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    Jan 2021
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    405
    look only for reliable options that will not bring you problems at work, look for brokers who have been on the market for a long time, and not beginners

  39. #39
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    Quote Originally Posted by Diedriarekh View Post
    look only for reliable options that will not bring you problems at work, look for brokers who have been on the market for a long time, and not beginners
    I would like to say that those types of Forex traders who are Newbie traders and also those types of Forex traders who are experienced must choose to do their trading with the Reputed International Broker FXOpen Global

  40. #40
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    Jan 2021
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    405
    everyone who changes their broker to some other option starts comparing and recalling aspects that were not used in the satr version, so everything depends on comparison

  41. #41
    Join Date
    Jun 2020
    Posts
    205
    Forex market is continuously changing. So, your good trading strategy will not work all time. Adjust it if necessary. I test my strategy in Forex4you free demo account. After a week or a month, you also need to review your trading activities. Therefore, you can measure how your trading is improving or not. In addition, if you are making a loss, you can determine what was the cause of the loss.

  42. #42
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    Apr 2020
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    Everyone selects key parameters for themselves. For example, it is very important for me that the company be reliable. According to this parameter, I really liked the broker from Amarkets for work, and I am quite pleased with my choice.

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