I am a beginer

richardmarcus1509

Private, 1st Class
Messages
40
yes I know thanks for the feedback I will soon switch to a live account after a few weeks of training on a demo account still a long way to go but will start trading with real money.
 

Chiyo

Private, 1st Class
Messages
46
You may try Fxview broker, their commission is lowest as $2 per lot (round turn) and they are multi-regulated, you can check on their website in details if it suits you.
 

richardmarcus1509

Private, 1st Class
Messages
40
are you looking for the regulated or unregulated broker? you need to first make up your mind how you want to proceed. higher leverage and what conditions?
I am looking for a regulated one because I have come across various articles that have mentioned to go with a regulated one as they have the security of my funds and various other features that come with a regulated broker. And on the other hand, I am thinking of low leverage so to minimize my risk of losses in the first instance. I know with high leverage my profits will also increase but I don't want to be greedy as this is my first time I am into forex I just want to have a taste of the market for now.
 

richardmarcus1509

Private, 1st Class
Messages
40
You may try Fxview broker, their commission is lowest as $2 per lot (round turn) and they are multi-regulated, you can check on their website in details if it suits you.
I haven't heard much about them, are you trading with them, how is your experience? are they regulated, and I will surely go through their website and get back to you.
 

bigdolly

2nd Lieutenant
Messages
1,027
but i am thinking not to use any off shore brokers as i hav heard that they are not legal and also not registered with anyone
Nah there are many regulated brokers such as Tickmill or Hotforex. They have good reviews and FPA as well as regulated by FCA. You can try to trade from their FCA branch but there you basically exchange safety for low leverage (1:30 max).
 

perryjohn765

Private, 1st Class
Messages
59
I am looking for a regulated one because I have come across various articles that have mentioned to go with a regulated one as they have the security of my funds and various other features that come with a regulated broker. And on the other hand, I am thinking of low leverage so to minimize my risk of losses in the first instance. I know with high leverage my profits will also increase but I don't want to be greedy as this is my first time I am into forex I just want to have a taste of the market for now.
that is actually a great idea. being a newbie it is always good and advisable to start with a regulated broker and a lower leverage. wish you luck
 

richardmarcus1509

Private, 1st Class
Messages
40
Nah there are many regulated brokers such as Tickmill or Hotforex. They have good reviews and FPA as well as regulated by FCA. You can try to trade from their FCA branch but there you basically exchange safety for low leverage (1:30 max).
yes i had a word with customer support of tickmill it was not that much assuring
 
Top