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Choosing a new broker
Membro Desde Aug 05, 2019
50 posts
May 18, 2021 at 09:09
Membro Desde Aug 05, 2019
50 posts
Bradley88 posted:For scalping, the trading conditions favor the most, so you should be looking for tight spreads and lower commission. For instance, try out turnkey forex, their spreads are quite tight and the commission is only $1/100k per side.
I'm new into forex and looking for a broker to go live soon, as a beginner should i look for a broker based on spreads and commission if i want to scalp or based on reviews and leverage ?
Membro Desde Sep 12, 2017
238 posts
May 19, 2021 at 16:28
Membro Desde Jul 19, 2020
788 posts
perryjohn765 posted:Yes, your opinion is correct. All brokers know their needs and act accordingly. We need to know how reliable the broker is.
i guess every broker is aware iof this requirement and they have started offering all these conditions and styles.One needs to see how reliable the broker is
Sep 15, 2021 at 00:10
Membro Desde Mar 15, 2019
82 posts
perryjohn765 posted:
When does a trader move to a new broker? what are the expectations from a new broker and disappointment from the previous/current broker.
I moved to off-shore about a year ago. We had some new regulations come into place over here in Australia which capped the maximum leverage to 1:30. Apparently it was for 'our own benefit' as they didn't want us to loose our money. Absolute BS. I don't need a government to help me 'stay safe' and protect me from spending my own money.
Moving off-shore was no big deal in the end, I was a little skeptical at first after things I had read, but in fact, the benefits have by far outweighed the perceived 'risks'
All or nothing
Membro Desde Mar 17, 2021
536 posts
Sep 18, 2021 at 20:41
Membro Desde Mar 17, 2021
536 posts
Mohammadi posted:Every trader should choose a regulated broker to survive in this market.
the newcomers should choose the broker which does not restrict any kind of trading techniques with scalping and hedging. generally the scalpers always fall a great trouble when choosing a broker.
Membro Desde Jun 26, 2020
327 posts
Sep 19, 2021 at 23:23
Membro Desde Apr 03, 2021
470 posts
I already choose the FXOpen broker and I don't think will look for another broker at present time, so far I have good experience with this broker and this is a trusted company in my experience, already more than eight years using service, and most important this company has regulated.
Sep 23, 2021 at 07:03
Membro Desde Nov 03, 2020
75 posts
FredJones posted:First thing which is an absolute is to check whether that broker is regulated or not. If they are regulated, you are good to go. You can also open the account and try out demo trading to see whether the trading conditions fit your needs for trading. I am giving my personal opinion, I had my account opened with fxview, they are all set with the regulations. Tried out their demo trading and noticed that the spreads are good, so I decided to go live and everything went smoothly for me. And to this day, I am still trading with them. Hopefully, you will be able to find the right broker as well. Best of luck to you.
I'm a newbie with no experience on how to find a reliable and suitable broker. Any suggestions on what type of broker I should use and how to identify if it's reliable?
Sep 30, 2021 at 18:50
Membro Desde Jun 13, 2020
17 posts
Traders usualy look forward to switching their brokers because of several reasons: current broker is a scam, commissions/spreads are very high, so that a trader gives the major part of their profits to the broker, a trader doesn't like tradig platform which is used by the broker, payment methods are not satisfactory enough, diversity of financial instruments leaves much to be desired.
Membro Desde Aug 17, 2021
94 posts
Jan 01, 2022 at 07:43
Membro Desde Jul 19, 2020
788 posts
AliForexTalks posted:Good idea, if you want to find an ideal broker, you must find these things in the broker's service. And you have to choose a broker that provides spread tight.
Step 1: Ask about the commission split.
Step 2: Evaluate the brokerage culture.
Step 3: Decide between a franchise or independent brokerage.
Step 4: Learn its reputation and niche.
Step 5: Make sure it will offer support.
Membro Desde Jun 26, 2020
327 posts
Membro Desde Jun 12, 2021
132 posts
Membro Desde Jan 03, 2022
9 posts
Membro Desde Aug 27, 2017
994 posts
Jan 03, 2022 at 15:18
Membro Desde Dec 09, 2013
139 posts
perryjohn765 posted:Choosing a good broker is crucial for any trader. I would mainly look to get better spread, less commission, quick withdrawal and good customer service. If I do not get them from my current broker, I may switch to one, which ticks most of these boxes.
When does a trader move to a new broker? what are the expectations from a new broker and disappointment from the previous/current broker.
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