How to Choose the Best Online Broker？

[Špela]

You could get recommendations from a friend or online reviews on a forum like this.

 

[fxoday]

Yes, reading a review is one way to look for a broker score, when traders already found and chosen the appropriate broker, felt comfortable with all services, and usually will stick with the company.

 

[Margelynlibrodo]

checking reviews is still the best way to know what a broker is like

 

[Toibit]

The choice of a broker is affected by a lot of factors including but not limited to: years in business, regulation, brokerage model, spreads/commissions and swaps, platforms offered, deposit/withdrawal methods, communication channels, online reviews.

 

[kimhp]

check online reviews and test the services with an amount you are fine losing

 

[Buzanara]

Oh, I guess choosing the best broker isn't an easy task. You have to approach to this activity wisely as it may cause unpleasant consequences in future. However, as a rule traders always find the brokers which are suitable for them.
1) Pay attention to the regulations and licenses, this is the very first thing which you must check out.
2) Check out the work of customer support, as good customer support team always means the reliability of the broker.
3) Open demo and trade a bit, watch for the bugs, freezes or delays with the real platform.

 

[Juanstevenson19]

You can check for reviews and test their services with a demo account. Everyone might have different criteria but personally, I would go for transparency and easiness to use. That is why I look for an ECN broker with a low spread. Mainly because I’m a bit unsure about the non-ECN brokers.

 

[fxoday]

You can check for reviews and test their services with a demo account. Everyone might have different criteria but personally, I would go for transparency and easiness to use. That is why I look for an ECN broker with a low spread. Mainly because I’m a bit unsure about the non-ECN brokers.

Low spread broker gives more benefit especially when we trade scalping, with lower transaction cost gives better chance to getting quicker target, I also use ECN broker low spread.

 

[Stoic]

1. Reputation 2. Regulation 3. Conditions.

 

[wellington20]

Check their reviews on forex review sites and test the broker on Demo before committing.