how to choose the right forex broker ?

pippin

Trader
Jul 16, 2019
49
1
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29
Yes it is especially useful for trading during Asian session, because execution lags and spread widening often happen during this times and support can clarify situation.
other than all above and 24/7 online support , I would say personal account manager, which provides more customized services can be an additional consideration.
 
Sep 9, 2019
41
5
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All good points here, for me it's about execution, reliability at low costs... I would add product diversification. I like the all in one platform my broker offers.
 

pippin

Trader
Jul 16, 2019
49
1
9
29
All good points here, for me it's about execution, reliability at low costs... I would add product diversification. I like the all in one platform my broker offers.
What is the best broker offer that you have tried? Can you please recommend?
 

johnbrown_01

Newbie
Aug 7, 2019
26
4
4
49
Spreads & commissions are the most important for me, followed by easy withdrawals. I use turnkey forex and they are pretty good.
 

Zack King

Active Trader
Mar 4, 2019
130
26
44
While looking for a broker you should be considering brokers offering high leverage , low commissions, tight spreads, easy deposit and withdrawal facilities etc. Another important thing to consider are the trading platforms they are providing because they can affect your profits directly. As far as the type of broker is concerned, I would say ECN brokers are better than other brokers.You can also read reviews about the broker on various websites as customers are the best people who can share their experience about the brokers.
i agree. the higher leverage options the better,a s you canalways lower it to your preference. but with that i always think tis important to know you can start with a small trade size like 0.01
 

pippin

Trader
Jul 16, 2019
49
1
9
29
To choose right forex broker you have to trade at least with 10 or 15 brokers you will have information to make proper comparisons. Judging brokers by reviews you risk to get improper picture because professional traders seldom leave feedback about brokers.
 

Jones77

Trader
Jun 1, 2019
1
0
7
41
To choose right forex broker you have to trade at least with 10 or 15 brokers you will have information to make proper comparisons. Judging brokers by reviews you risk to get improper picture because professional traders seldom leave feedback about brokers.
Very true but 10-15 brokers in the same month requires bunch of efforts and time. We can pick 10-15 brokers based on the desired conditions, and out of the list, try out the best 4-5 brokers which is more than enough. I do trade multiple brokers, so far used 7 brokers but Turnkeyforex in my top list, really lighten up my stress in spread and commission. The next two best I find consistent is fxchoice (although spread is bit wider) and tradersway. It’s important to keep them under radar and open conscious with them.
 

Lukacs88

Trader
Mar 11, 2020
10
1
9
31
For beginners in trading, it is essential to understand the trading terminology, so a broker with proper training tools is always a better choice.
 

mark_t

Newbie
Oct 19, 2019
29
4
4
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Best broker is myth, sorry. I don't find a single broker best in all ways imo. Every broker has weakness. Been open account with several brokers so far, but while picking make sure it has a popular platform, strong regulation (preferably cysec or fca level), good support representative, additionally check spreads, commissions so that you won't wear out. Some brokers worth to consider: axitrader, darwinex, tickmill, fxview, marketsx.