5 Ways to find a good broker.

[ForexTradesman]

Choosing the right broker is very important thus, here's a basic guide:
- solid reputation
- ability to offer a tight spread
- funding options because sometimes it is tedious to just do bank transfers
- withdrawal process and options of receiving funds
- online support

 

[JohnyIve]

Yep, totally agree with the post below

 

[milornld]

Check out few more points - How to find good broker

- Trading Platform
- User Reviews and Reputation on diferent sites
- Trading Features and Specification
- Security
- Customer Support

 

[Olivia Lopez]

I would say broker's license is first. I would only open an account with a FCA or ASIC regulated broker.

 

[fxliner]

Part of your research in choosing a broker should be looking at written reviews of the broker as well as discussion forums. Look up what people are saying, but maintain objectivity. Lots of false information gets published with no credible reference

 

[jones44]

IC MArkets is a good broker as per my experience with them for last 5 years.

 

[jellyeb]

Choosing the right broker is very important thus, here's a basic guide:
- solid reputation
- ability to offer a tight spread
- funding options because sometimes it is tedious to just do bank transfers
- withdrawal process and options of receiving funds
- online support

Are there any platforms where I can conduct spread comparisons. I trade with Hotforex but a kind of interested to know how tight are their spreads. But in order to compare I need to open accounts with other brokers which takes a lot of time and efforts.

 

[Csmit82]

5 Ways to find a good broker.
1. Low Minimum Account Opening and Trading Amounts.
2. Low spreads.
3. Instant Execution Of Orders.
4.The Opportunity for Good Education and Training.
5. Leverage.

Instant Execution is usually connected to market makers isn't it?

 

[37riched]

The choice of a broker is very critical since it can determine whether you succeed or lose as a trader. To find a good broker, first look for one in your country preferably. Ensure your broker is licensed and regulated and has fair transaction costs

 

[planbpayments]

5 Ways to find a good broker.
1. Low Minimum Account Opening and Trading Amounts.
2. Low spreads.
3. Instant Execution Of Orders.
4.The Opportunity for Good Education and Training.
5. Leverage.

Above all, only deal with a broker who is regulated by a mainstream Authority like FCA in the UK or ASIC in Australia.
Do your own research, get in touch with their reps through linkedIn.
The rest of the points can followup, once you start the conversation with the broker rep.

 

[Miller.d43]

5 Ways to find a good broker.
1. Low Minimum Account Opening and Trading Amounts.
2. Low spreads.
3. Instant Execution Of Orders.
4.The Opportunity for Good Education and Training.
5. Leverage.

I agree with your points! Regulation has never been fruitful for me so I have avoid them all the way, You don’t get good leverage with a regulated broker and there’s always a minimum amount deposit required which is not very minimum per say. Which is why I chose turnkey forex, they have minimum spreads, instant execution of order and quick withdrawals. In short, all the best things you look for in a broker.

 

[Callum Richards]

Exactly my way

 

[DT77]

Regulation is not that important agreed

 

[REB_FX]

A very short list, and one that needs exploring further really as choosing the right broker is also dependent on what your trading requirements are, and what is important to you.