Looking For A Good Broker | Page 3 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Looking for a good and stable broker 28 replies

Looking for a good FX Options broker 3 replies

Help... Looking for good broker for large US clients 22 replies

Looking for good Broker - Micro Account 7 replies

I'm looking for a broker that's safe with large deposits, and has good GJ Spreads 10 replies

Attachments: Looking For A Good Broker
Exit Attachments

Looking For A Good Broker

  • #41
  • Dec 30, 2019 12:56am Dec 30, 2019 12:56am
Quoting Gates01
Hello guys, good morning/afternoon/evening. Gates here. I am new on this forum, yet it already feels like I've been here for a very long time. I like the discussions and the profess traders here. I have a question though, I want to finally go live in forex trading. I need a good broker that has good spreads(must not be the best) , Active customer service, supports crypto currencies as both trading instruments and funding method(optional), high reputation, fast withdrawal, ECN or STP, and has a good mt4 platform that works well with indicators and...

Hello,
Currently, I started trading with one of the best forex broker: Baazex.com
In short, Baazex offered solid trading terms, low spread, latest trading platform, amazing customer support and authentic bonus offers.
  • #42
  • Jan 1, 2020 7:01am Jan 1, 2020 7:01am
A broker on the exchange isn't just an intermediary like a realtor or a consultant. Trading on an exchange, both stock and forex, is difficult without a broker, so it is impossible to refuse their service and you will have to pay commission. However, you can choose a broker and search a favorable tariff, it is worth your time, cause it will reduce the risks, optimize your expenses and reduce costs when trading at the exchange. Only with the right broker you can get all the benefits from trading in Forex or on the stock market. A market broker is an intermediary between you and the exchange. It performs a huge number of legally regulated functions for you, each of which would distract you from trading. There are several things to pay attention to so as not to lose money:
reliability (whether the broker will go bankrupt or take away your money).
commission rate (what rates and how much you will pay commissions)
user support service (how well the consulting and technical support at the brokerage company works)
personal account management (how to start and withdraw funds quickly and conveniently, and how to check reports)
trading software (how convenient and practical is the broker's trading terminal)
It is best to navigate through client reviews or find a connection with real traders in order to learn directly from them about all the things.
  • #43
  • Jan 2, 2020 8:10am Jan 2, 2020 8:10am
First, it is necessary to define the key parameters of company valuation. It is important to consider the really important characteristics and not to focus on the details so as not to make a mistake. The most important characteristics are reliability and quality. Another question is how to evaluate them correctly. A company, to which a trader trusts his money, must be reliable. Whatever favorable conditions it offers, and no matter how high the income is, if the broker turns out to be a fraudster or just goes bankrupt, the trader will not get his profit anyway. In order to evaluate the reliability of the company, one should pay attention to the feedback. Studying the feedback about the brokers is the first stage in choosing a company, which even a beginner who has little understanding of the specifics of exchange trading can cope with. Live experience of real clients will help you understand how conscientious the company is and how beneficial trading conditions are. One should also pay attention to the resource where the traders' opinions about the broker are placed. Only the most authoritative portals carefully monitor that Forex reviews are honest and impartial, and claims to companies supported by evidence in the form of screenshots and links. Secondly, it would be very good if you contacted directly someone who traded with a broker and learned from him directly about all the details of the broker. It is important not to make hasty decisions. If a broker has a demo account, it is better to use it and check everything.
  • #44
  • Jan 8, 2020 5:03am Jan 8, 2020 5:03am
if you are looking a good broker I would highly recommend to stay away from GAIN capital who is active as Interactive Markets, Forex.com, City Index.
Their management just decided to stop offering instrument (main European index) that I traded longterm. It happened over the weekend without a notice. After the weekend I found out I cannot open any new positions on that instrument. They closed all my position few days later. No alternative provided by broker. My loss = 3k, broker win = 3k.
  • #45
  • Jan 16, 2020 5:38am Jan 16, 2020 5:38am
I can recommend my current broker FP Markets, it matches your demands perfectly except crypto deposits. Their costs are one of the lowest out of all brokers. Many depositing options and free withdrawals. They've been around for over 15 years keeping a great reputation so it's definitely a good sign. The only minus for me personally is that they don't offer volatility index but hopefully later on they will consider. Good luck!
  • #46
  • Jan 23, 2020 12:27pm Jan 23, 2020 12:27pm
I like Gerchik, because they have Risk-Manager, which helps agains loses when trader can stay at his strategy. If you got your SL limit, your account is locked that day, week or month (depends from settings parameters). They takes commission and offer market price. For me its better than OANDA, which offer 20pips broker spread at midnight while Gerchik shows that market spread is only 4-6pips...

More info: https://www.forexfactory.com/showthread.php?t=963163
  • #47
  • Jan 30, 2020 4:48am Jan 30, 2020 4:48am
Quoting tradesimply
Hi Gates Welcome to the forum! I'm sure you will get lots of useful information and help from other traders here. In answer to your question, I can only say that I am with IC Markets and I'm very happy with them. Active customer service - yes, live chat and email supports crypto currencies as trading instruments - yes and funding method(optional) - yes, using Bitcoin Wallet high reputation - yes, and ASIC-regulated fast withdrawal - international wire transfer (up to 3 days) or via Paypal (instant) ECN or STP...

In case you are still looking for a broker, I would agree with the post quoted here. ASIC approved as well.
  • #48
  • Jan 30, 2020 2:31pm Jan 30, 2020 2:31pm
Hello friends,

wish u all a very good day. i wanted to ask if there is any one from pakistan who could guide me to a good broker and not a local one but a registered genuine broker with whome i could open an account. i have been trading for the last couple of years with some of the brokers locally available representing brokerage firms from south africa but now i feel like unsecure as they do not have any mails or reports or logins on their website to check the actual details of all the activities done on the platform they provide which is most often mt4. i would be happy to know from the friends in pakistan specially. your help would be much appreciated.

regards.
  • #49
  • Edited 3:19pm Jan 30, 2020 2:48pm | Edited 3:19pm
Quoting KhanAsim
Hello friends, wish u all a very good day. i wanted to ask if there is any one from pakistan who could guide me to a good broker and not a local one but a registered genuine broker with whome i could open an account. i have been trading for the last couple of years with some of the brokers locally available representing brokerage firms from south africa but now i feel like unsecure as they do not have any mails or reports or logins on their website to check the actual details of all the activities done on the platform they provide which is most...
Hi. I suggest you try FBS, they offer both cent and standard accounts for either MT4 or MT5.
Risk Management is of utmost importance!
  • #50
  • Jan 30, 2020 3:14pm Jan 30, 2020 3:14pm
Activtrades... one of the best in class in my opinion. Don’t have cryptos but good in all other features you need.
above all, spread ad low as 0.5 pips on EU. Never had a shutdown with EA (till I used it, no more NOW)
  • #51
  • Feb 12, 2020 6:16am Feb 12, 2020 6:16am
Quoting DTTrading
Activtrades... one of the best in class in my opinion. Don’t have cryptos but good in all other features you need. above all, spread ad low as 0.5 pips on EU. Never had a shutdown with EA (till I used it, no more NOW)
imo one should never trade crypto on MT4, its just adding another layer of risk
there are plenty of good crypto futures broker (bitmex,kraken,bitfinex,etc)
BUT what I do like is the ability to deposit and withdraw in crypto
  • #52
  • Feb 14, 2020 5:41am Feb 14, 2020 5:41am
I’ve been using Turnkey forex for quite a time and can comment on this:

Good spreads: Yes, can range between 0.2 to 1 pip on major pairs
Active Customer service: A big yes
Supports crypto currencies as both instruments and funding method: Partly yes, can fund/withdraw via crypto currencies but cannot trade the crypto instruments.
High reputation: been using this account for long, I find it very reliable
Fast Withdrawal: upto 48 hours
ECN or STP: yes
Good MT4 platform that works well with indicators and EAs: yes, MT4 platform is the only option and EAs friendly
  • #53
  • Feb 14, 2020 6:36am Feb 14, 2020 6:36am
Quoting AstroTrader9
{quote} FP Markets commission is $3.00 per lot which is lower than ASIC brokers like IC or Pepper who charge $3.50? {image} Any feedback about them would help.
Yes, this is definitely a advantage as far as FP Markets is concerned. Wasn't aware of this until now, most other brokers offering similar or even worser spreads charge higher commission than them.
  • #54
  • Feb 15, 2020 11:51pm Feb 15, 2020 11:51pm
Quoting rockthepips
{quote} imo one should never trade crypto on MT4, its just adding another layer of risk there are plenty of good crypto futures broker (bitmex,kraken,bitfinex,etc) BUT what I do like is the ability to deposit and withdraw in crypto
Try Fxchoice..they provide facility of depositing and withdrawing funds through crypto.
  • #55
  • Feb 16, 2020 7:00pm Feb 16, 2020 7:00pm
I use AMP Global and I've been happy with them. They are pretty cheap also as well as offer an all in one platform CFD's, Futures, Micros, and Forex
  • #56
  • Feb 17, 2020 2:32am Feb 17, 2020 2:32am
I'm currently using pepperstone, everything is fine at this moment..
  • #57
  • Feb 17, 2020 3:03am Feb 17, 2020 3:03am
I will recommend my current broker FP Markets (ASIC regulated), i chose them after detailed research.

They offer some of the best spreads, if you are a day trader the costs can make a huge difference to your profit.

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot2.png Size: 149 KB
  • #58
  • Feb 23, 2020 1:12pm Feb 23, 2020 1:12pm
Quoting pundit78
{quote} Try Fxchoice..they provide facility of depositing and withdrawing funds through crypto.
Cool, I didnt know that. So far only Exness has been offering me crypto deposit/withdrawals.
Heres a screenshot of the member area so you can see for yourself = https://photoshar.in/exness-member-bitcoin
  • #59
  • Feb 26, 2020 2:50am Feb 26, 2020 2:50am
Finding a good and reliable broker is very essential if you are beginner or you have faces loss in past experience. It is yet not too easy to trust someone so make sure broker is trustworthy yet recognized expert as you have deal with money. Forex also gives facility to trade in Demo account for beginners.
  • #60
  • Feb 28, 2020 2:43am Feb 28, 2020 2:43am
useful thread especially for newbie (alike me)
I trade with ICMarkets (ASIC Brokerage)
So far, satisfy with them.
http://www.bejofx.com
0 traders viewing now