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Trustable and worldwide broker

  • #1
  • First Post: Dec 26, 2018 5:27am Dec 26, 2018 5:27am
Dear traders i m looking for new broker. i wanna two main things. First, broker must be trustable as you know there is lot of untrustable thief broker. Second thig is it should be world wide to withdraw and low commission. as a these conditions can you prefer to me any broker.
Follow For Dream Future...
AselFX All Time Return: 106.3%
  • #2
  • Jan 9, 2019 5:33am Jan 9, 2019 5:33am
Quoting AselFX
Dear traders i m looking for new broker. i wanna two main things. First, broker must be trustable as you know there is lot of untrustable thief broker. Second thig is it should be world wide to withdraw and low commission. as a these conditions can you prefer to me any broker.

Have you tried to make a research? What have you found? Without first steps by you its useless to advice you something because opinions can be very different on this matter. Basically what I find useful and working in the neighbor thread can be labelled useless. Before joining any of the camps here you have to do your own homework.
  • #3
  • Jan 9, 2019 12:26pm Jan 9, 2019 12:26pm
Choose the Admiral Market broker.

It is good and trustable european broker.

Good luck.
  • #4
  • Jan 13, 2019 9:18am Jan 13, 2019 9:18am
I suggest you use FXTM , they are trustworthy.
Risk Management is of utmost importance!
  • #5
  • Jan 13, 2019 10:50am Jan 13, 2019 10:50am
IC Markets

TightSpreads
Fast trading execution speeds
500:1 Leverage
Low initial deposit requirement
Reputation and Australian regulation
  • #6
  • Jan 17, 2019 1:05am Jan 17, 2019 1:05am
Some brokers refuse to accept USA and Japanese citizens as their clients so you should state your citizenship first.

Next, a trusted broker = a regulated broker. Look for brokers with valid regulation, such as NFA, FCA or ASIC, the top three regulations in the financial world. Only a regulated broker gives you a peace of mind.

Lastly, in order to prevent money laundering, withdrawals can only be made to the bank account which has the same name in the trading account. So I'm not sure why you need a 'worldwide' withdrawal option?

I guess for most brokers, they earn from their commissions or spreads. So if you want a broker with little commission/low spread, be prepared for slippage or less protection (such as no PI Insurance etc.) So you get what you pay for.

That's my two cents. Happy to hear from people with different views.
  • #7
  • Feb 22, 2019 2:26pm Feb 22, 2019 2:26pm
Quoting dispersion
{quote} Have you tried to make a research? What have you found? Without first steps by you its useless to advice you something because opinions can be very different on this matter. Basically what I find useful and working in the neighbor thread can be labelled useless. Before joining any of the camps here you have to do your own homework.
absalutlly i m agree with you. i havent found anything yet but i will.
Follow For Dream Future...
AselFX All Time Return: 106.3%
  • #8
  • Feb 22, 2019 2:49pm Feb 22, 2019 2:49pm
Quoting Viviann
Some brokers refuse to accept USA and Japanese citizens as their clients so you should state your citizenship first. Next, a trusted broker = a regulated broker. Look for brokers with valid regulation, such as NFA, FCA or ASIC, the top three regulations in the financial world. Only a regulated broker gives you a peace of mind. Lastly, in order to prevent money laundering, withdrawals can only be made to the bank account which has the same name in the trading account. So I'm not sure why you need a 'worldwide' withdrawal option? I guess for most...
thnx a lot for your replay my friend. i m from Turkey and my country have rigid rules and low Leverage(max 1/10) also i m regularly travel abroad for work becouse of that i need word wide withdraw and low comission. many company i worked before when i tried to withdraw mony they cut about taxs big deal of money. i agree with you about " broker with little commission/low spread, be prepared for slippage or less protection". but like everyone wants; as little as spread and commission is the best without given our safety
Follow For Dream Future...
AselFX All Time Return: 106.3%
  • #9
  • Feb 25, 2019 4:07pm Feb 25, 2019 4:07pm
Quoting AselFX
{quote} thnx a lot for your replay my friend. i m from Turkey and my country have rigid rules and low Leverage(max 1/10) also i m regularly travel abroad for work becouse of that i need word wide withdraw and low comission. many company i worked before when i tried to withdraw mony they cut about taxs big deal of money. i agree with you about " broker with little commission/low spread, be prepared for slippage or less protection". but like everyone wants; as little as spread and commission is the best without given our safety
Go with FCA regulated brokers and you will make right choice.
  • #10
  • Mar 6, 2019 6:17am Mar 6, 2019 6:17am
Hello mate I think you should try coinexx as the broker matches your all requirements.
Their commission charges are very nominal only $2/100k .
You can request withdrawals from anywhere any time, no restrictions, usually I got mine in less than 48 hours, plus they don’t have any transaction fee.
And after spending more than a year with them I can assure you that the broker is reliable and trustworthy.
  • #11
  • Mar 6, 2019 6:21am Mar 6, 2019 6:21am
Quoting Madison
Hello mate I think you should try coinexx as the broker matches your all requirements. Their commission charges are very nominal only $2/100k . You can request withdrawals from anywhere any time, no restrictions, usually I got mine in less than 48 hours, plus they don’t have any transaction fee. And after spending more than a year with them I can assure you that the broker is reliable and trustworthy.
Thnx a lot dude be sure l Will look them . İts good to hear what you said. How long have you work with them?
Follow For Dream Future...
AselFX All Time Return: 106.3%
  • #12
  • Mar 8, 2019 4:46am Mar 8, 2019 4:46am
Quoting AselFX
{quote} Thnx a lot dude be sure l Will look them . İts good to hear what you said. How long have you work with them?
Generally I keep switching brokers after every 6 months but I have spent more than a year with these guys and everything is smooth so far.
  • #13
  • Mar 14, 2019 5:30pm Mar 14, 2019 5:30pm
The first thing is to know how to identify a none reliable broker. And how do you go about this; first off you can look reviews about them from different sites and compare which is more, the bad reviews or good ones.
Second; go though their terms of trade before you start trading, that stuff says a lot you know.
  • #14
  • Mar 17, 2019 8:56am Mar 17, 2019 8:56am
I think dukascopy is the best for me ,also swissquote ,because they give IBAN bank account for you and your money will be totally safe.
  • #15
  • Mar 27, 2019 9:13am Mar 27, 2019 9:13am
Quoting jawadork94
I think dukascopy is the best for me ,also swissquote ,because they give IBAN bank account for you and your money will be totally safe.
I have had an account with Dukascopy for several years. I blew it up in January and was going to re-fund it but I read that they are having some financial issues which makes me very wary of trading with them now.
Emotion - it steals your money.
  • #16
  • Apr 12, 2019 9:20pm Apr 12, 2019 9:20pm
Using regulation as a primary trust factor is filled with problems. Regulators often act after the fact. That doesn't make them useless, but it does mean that you must understand the limitations of what the regulator actually checks. And how that affects you as a trader.

Perhaps there should be a greater emphasis placed on the business model of the brokerage, who is running it, etc. Unfortunately, this seems to be quite low on the checklist priority for the retail trader. High leverage and spreads seem to be #1 priority. Gotta get rid of that gambling impulse first before you deposit your funds.
  • #17
  • Last Post: May 11, 2019 3:00pm May 11, 2019 3:00pm
Quoting Viviann
Some brokers refuse to accept USA and Japanese citizens as their clients so you should state your citizenship first. Next, a trusted broker = a regulated broker. Look for brokers with valid regulation, such as NFA, FCA or ASIC, the top three regulations in the financial world. Only a regulated broker gives you a peace of mind. Lastly, in order to prevent money laundering, withdrawals can only be made to the bank account which has the same name in the trading account. So I'm not sure why you need a 'worldwide' withdrawal option? I guess for most...
So which broker do you suggest ?
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