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What to look for in an FX broker.

Discussion in 'Beginners Bootcamp' started by Carnesworth, Nov 24, 2016.

  1. john nathan

    john nathan Recruit

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    Starting with forex trading is not that difficult, you can start to register with the top brokers and try and test their trading conditions by making a demo account with them. When you think you have practiced enough and are confident enough with the trading conditions you can start with the live account with the best broker with better working conditions. Initially, start with low deposits and as you attain confidence in trading you can increase the amount of funds.
     
  2. Jeff Martinez

    Jeff Martinez Recruit

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    As I would like to think we have to exchange with those brokers who have notoriety, else there are numerous cases in the past where many controlled brokers who inevitably transformed into trick. Direction is the primary thing to see, at that point you should search for a broker that is around from nearly 3 - 5 years time. Store and withdrawal time must be snappy as no dealer needs to sit tight superfluous for any postponement in these things. What's more, Good notoriety, as a matter of first importance.
     
  3. scott11

    scott11 Recruit

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    I can't agree with the opinion that it doesn't matter how long the broker has been around. For me it's important. The longer the broker has been around, the more reliable and trustworthy it is. New companies "die young", I've seen it happen a lot.
     
  4. Beldavash

    Beldavash Private

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    The more accessible the customer service department of a broker is available - the better. That includes how many hours/day and days/week they are open, and if they have service reps available in your home country.
     
  5. nahiyar

    nahiyar Private, 1st Class

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    I like the quick service of a broker. Broker who delay funds having no good service of trading are not beneficial for their clients. Every thing should be quick and fair these days. I find when we deposit funds it is very instant but withdraws are delay take much time . This thing annoys me .
     
  6. Devraj

    Devraj Private

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    In order to understand the broker, you need to read the reviews here, read what other resources write. I pay attention to FPA, Earnforex.
    Broker must correctly process the orders, should be regulated. A broker must have a client representation, a good support service. Pay attention to commissions and swaps. This broker hedges transactions, and commissions and swaps are the earnings of a broker. If they do not exist, it is likely that this is not a hedged broker.
     
  7. natalia-morales

    natalia-morales Recruit

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    Avoid the ones that are "regulated" in small islands in the CARIBE
     
  8. downtrend

    downtrend Sergeant

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    Reputation and regulation of any broker is important. Any one who is new should work with such brokers who are trusted and at least regulated. Then they should see how quick their terminal works, Dealing with funds is also vital that how they treat with their clients ..They are fair or impose extra conditions.
     
  9. William Barnes

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    One of the most difficult tasks that a trader has to carry out is selection of a good, credible and reliable broker. Since, broker acts as a bridge between traders and the market, it is important to work with a broker that will lead comfortable trading life or journey for many years ahead. Now, what makes a broker reliable?

    A reliable broker is one that will provide customers a greater security of your funds by providing flexible and customized trading facilities and trading tools and techniques. Also a broker should have regulated trading platform that will provide anxiety and scam free trading all the time. As a scalper I will definitely looking for a broker that will give me fastest trade executions along with tight low spreads on pairs.
     
  10. Ken Smith

    Ken Smith Private

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    When selecting a broker first check whether it is a regulated broker or not. With a regulated broker your fund is protected. There are a few brokers who freeze the account by showing some weak reasons. Furthermore, a few brokers deny to pay the customer if he makes huge profit. That is the reason a regulated broker is a decent decision.
     

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