How To Find A Good Broker?

Shaun Henry

Trader
Dec 29, 2016
75
2
19
30
fx-list.com
I don’t think it is hard. We can use google, review sites and various such ways to figure out a quality broker. In fact, we can even use demo account too, as it will also help us with finding a good broker that we can rely and trust upon.
 
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Zeenat shein

Trader
Apr 11, 2020
39
7
14
23
Brokers are intermediaries between a trader and market. Unfortunately, you cannot start forex trading without them. Therefore, try to choose a reliable and honest company. How to do it? Look for independent ratings of Forex companies, read reviews on forums. Be careful – reviews and ratings are often made-to-order. Moreover, both positive (bought by broker) and negative (paid by competitor). Do not trust only one source. Reputation, License Trading terms, Software, Support, Security these are some factor one should keep in mind while selecting broker. I would personally suggest to check out LMFX broker, Hot Forex or London Capital Group (LCG).
 
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Marco James

Trader
Mar 20, 2020
36
5
9
38
Agree with advices above. Solid regulations, reliable reviews and sometimes low spreads, commission, executions are key conditions to look at since these heavily affect scalping practice. I traded various accounts including icm, fxpro, fxview, their conditions are quite suitable and stable for scalpers. Though I have short experience with fxpro and fxview but a good start.
 
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bottomhigh

Newbie
Aug 16, 2020
15
2
4
28
How To Find A Good Broker?

Decent brokers can be discovered only by the process of trials and errors and of course comparisons between brokers. Good broker is a relative concept since you can't always get perfect trading conditions and even good brokers can sometimes let you down because they have no control over LP and ability to influence on them .
 
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Sakib Shuvo

Newbie
Sep 15, 2020
25
2
4
24
Picking your broker is not much different from picking a stock. It starts with knowing your investing style. And today you have more options than earlier generations could dream of.
 
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bottomhigh

Newbie
Aug 16, 2020
15
2
4
28
Look on forums for traders' testimonials, lurk of rating websites. But don't rely solely on this info because sometimes it can be rigged so you can make inadvertent mistake. Do your own diligence, compare different brokers and make your unique conclusions about their difference and similarities, try to find some unobvious points about industry, services. The most useful info is always hidden from the public.
 
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Jude.A

Newbie
Aug 20, 2020
2
1
4
31
I looked for specific regulated broker within my country and did some research on it.

I dint find a suitable broker within my circle so i opted out for broker from different places, checked with traders, forums discussion.
 
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bottomhigh

Newbie
Aug 16, 2020
15
2
4
28
I looked for specific regulated broker within my country and did some research on it.

I dint find a suitable broker within my circle so i opted out for broker from different places, checked with traders, forums discussion.
Do you trade with local broker or use services of international online brokerage? I heard that you can't avoid paying taxes if you trade with local broker because they can't hide gains of their clients from tax agency.