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How to join IC Market

Discussion in 'Forex Company Comparisons' started by gouldyforex, Oct 1, 2019.

  1. gouldyforex

    gouldyforex Recruit

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    I am newbie in forex. can anyone let me know is forex safe or not?

    I am really waiting to start very soon.

    Thank you!
     
  2. hellmegadeth

    hellmegadeth Recruit

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    trading fores or anything else is always a risk by its nature itself, knowing this if you have some experience and you know what you are doing you can try trading forex and be successful, but i recommend only doing it after you have at least 6 months using a demo account, use the demo account as if you were really using your own real money, do not deposit or create your demo account with a huge amount of money you are not going to invest if it was your real amount, in my personal experience i can only recommend true ECN/STP forex brokers, and the only way to only trade under true ECN/STP forex brokers is to use one that allows you to trade using the cTrader platform, NEVER, under any circumstance use MT4 or MT5 platform, all the claims and complaints you will find here and from traders using MT4 or MT5, none from cTrader traders/users, there are very few brokers using cTrader platform, but from the list of them you will find on internet i can only recommend you 2 that i am sure are safe for you to invest and 3 more i have been following that seems to be pretty good as well, depending on your location there will be a multiple deposit/withdrawal options enabled for you, remember try a demo account for no less than 6 months because there are things and situations you wouldn't know or understand unless you have time experience, those situations can cause you to loose your money and most inexperience traders blame their broker for that, just read a little about brokers and differences to choose the right one for you, if you follow mi advice you can make some extra money without having to worry about anything but your own forex strategy
     
  3. nsinfodesk

    nsinfodesk Recruit

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    I think this information is useful. I will like to know how trading platform like mt4 and 5 affect trade. Also the 2 trusted brokers and the 3 you are following please. Thanks
     
  4. nsinfodesk

    nsinfodesk Recruit

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    I want to start trading but am finding it hard to chose a broker and need advice too
     
  5. hellmegadeth

    hellmegadeth Recruit

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    let me start for saying this, as fas as i can tell and according to all the data and info i have seen during all my years as a fx trader, mt4 and mt5 are platforms designed to be able to adjust to the needs of the broker, in fact when you trade you are doing it against your broker, whom by the way wouldnt like that specially if you are making some money yourself, because it means your broker is loosing some money itself, so in order to balance that it adjust you trading environment so it can have probabilities you wont make it that way, that's why everybody who complaints against a broker no matter what broker it is, its because they were all using mt4 or mt5 to trade, you will never see a complaint against a broker from a trader using cTader because that platform cant be manipulated by the broker to affect your trading strategies.

    like all fx traders in the world i began using mt4, mt5 didnt exist by that time, and if you dont do your homework and research first you wont discover there are other platforms available besides mt4 or mt5, as well as he types of brokers and their differences and why you have to choose one over another, i guess it all depends in your trading techniques and what you expect to achieve using that broker, every broker there is uses mt4 or mt5, some have their own trading platform, some uses one not so popular and the best ones uses cTrader, i dont mean to say all brokers that use cTrader are good brokers, but the only good ones you will find uses cTrader, that's a hint, then you will have to check how long they have been in the market, where are they placed, and the deposit/withdrawal options, most of the brokers are only interested in taking your money because they believe you are just going to loose it so they dont offer real withdrawal options, that should tell you that broker is not a good one for you, i can say i have tried and searched for all the brokers using cTrader that can be found on the web as of today, maybe i missed one or two, but in my experience i can say which ones i can put money in and which ones i wont, for various reasons, but mostly trust, of course you will always see a complaint against every broker there is, 99% of them due to mt4 or mt5 trading issues and some times you will see problems regarding withdrawals, and as far as i can tell 99% of those withdrawal issues are because of clients dont know how the withdrawal option they are using works or how long does it take to get your money back under not so regular conditions, the limitations they have and some other things, the most important thing you have to keep in mind in that time is to communicate with them in a firm but understanding way, doing your homework and finding out how that withdrawal option really work under all circumstances, in fact i was going to file a complaint and open a case myself against my broker, in the end it wasnt the brokers fault, not really but the bokers bank, it happened to use and intermediary bank to make transfers and the intermediary bank forgot to make the transfer as soon as they got the money, so i was really mad at my broker, and i have had several experience with wire transfers, so i had to push my broker to push the bank so the bank pushes its intermediary bank, and the voila, money in the bank, it took me over 2 weeks to get the money transfers, it should have been more that 3 days, and as i said i was really mad i thought they were trying to f... me, i even threaten them with a complaint here and in several other places, and some other stuff, i demanded them to call me, and we talk as civilized people, i make them undertand my situation as i understood theirs, and the choices we had to solve that problem, it was not easy but communication is the key, and you cant be after them every second of the day, of course i did my homework and contacted my bank as well, as i read every complaint i found about that and about that broker in particular and how it all went and why, now i know that and intermediary bank can be a pain the behind, i hope this info is useful some how to you and maybe to some other traders
     
  6. nsinfodesk

    nsinfodesk Recruit

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    Thank you again for the information but I still want to know in a situation where a broker uses birth mt4, mt5 and ctrader. Also still suggest your 5 top best regulated brokers
     
  7. hellmegadeth

    hellmegadeth Recruit

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    Hi there, sorry i could'n answer before, as i said to avoid any issues with you broker you CAN'T and WON't use mt4 or mt5 that's the only thing you have to understand from everything i have told you so far, that's your main rule, that will send you to the right path, then knowing and understanding this, you should begin to try a demo account at some cTader brokers, look at the reviews and the real causes of the negative reviews you can find about every broker you could be interested in, then use the demo account for about 6 months so you can really know what could happen to your money under real circumstances and them you can trade in a live environment, also be aware of the news relevant to your trading to learn what could be the outcome under adverse situations or a strike of luck
     
  8. nsinfodesk

    nsinfodesk Recruit

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    Ok thanks alot
     
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