Hello everyone,
I have a $10,000 USD budget for Forex Trading. Which broker should I choose for deposits and trades? After checking multiple forums like Babypips, ForexPeaceArmy, ForexFactory, and EarnForex, I learned that all the retail brokers work with Market Maker models, and none of the retail brokers are 100% legitimate, including regulated ones or the most popular ones. I learned that it is good to diversify trading capital into multiple forex broker accounts and keep withdrawing profits on a regular basis.
After testing my EA for several months in Demo and Real cents account, I want to go ahead and start with a real standard account. I cannot afford to lose my hard-earned money of $10,000 to a scam forex broker. My algo strategy requires a minimum capital of $10,000, as I recorded a maximum drawdown of $4,000 to date. Therefore, I cannot diversify my trading capital of $10,000 into multiple brokers, so I have to choose one.
I have some brokers in mind like ICMarkets, FBS, and HFM (formerly Hotforex). What do you suggest? Which one should I choose? Feel free to suggest any other best brokers apart from the three I mentioned.
I have a $10,000 USD budget for Forex Trading. Which broker should I choose for deposits and trades? After checking multiple forums like Babypips, ForexPeaceArmy, ForexFactory, and EarnForex, I learned that all the retail brokers work with Market Maker models, and none of the retail brokers are 100% legitimate, including regulated ones or the most popular ones. I learned that it is good to diversify trading capital into multiple forex broker accounts and keep withdrawing profits on a regular basis.
After testing my EA for several months in Demo and Real cents account, I want to go ahead and start with a real standard account. I cannot afford to lose my hard-earned money of $10,000 to a scam forex broker. My algo strategy requires a minimum capital of $10,000, as I recorded a maximum drawdown of $4,000 to date. Therefore, I cannot diversify my trading capital of $10,000 into multiple brokers, so I have to choose one.
I have some brokers in mind like ICMarkets, FBS, and HFM (formerly Hotforex). What do you suggest? Which one should I choose? Feel free to suggest any other best brokers apart from the three I mentioned.
