Which is the best forex broker to start Forex Trading?

daniellefr

Active Trader
Jul 2, 2009
54
0
37
You have to know your financial limits and trading preferences to be able to figure out which broker is the best for you.
 

reed

Banned
Jun 5, 2013
51
0
0
Which is the best forex broker to start Forex Trading?
I think a broker that suits us is what we should go for, Our circumstances would determine which one to choose. So first, we should analyze ourselves before we get one. It mustn't necessarily be popular, but one we can be comfortable with. There is no reason more why i went for Profiforex, than reason above.
 

tabalo

Confirmed HotForex Representative
Feb 20, 2013
97
0
17
Brokers with small intial minimum deposit are best for starting like HotForex ($5), Exness ($25), FXCM ($20), RoboForex ($10).
 

Nick257

Banned
Jul 26, 2013
15
0
0
I would recommend you Weltrade broker.. You can start with a demo account and then - a micro account from $25. They have good 24/7 support, fast execution, no slippage or requotes.
 

inggo

Master Trader
Jan 13, 2012
474
11
59
Philippinese
etoro and instaforex has lots of gray areas surrounding them, and scary stuff after the liberty reserve issue, alpari is good but they can be a bit to strict with your style of trading and some reports say they cancel order instead of adjusting it. so its better to make a list and research about them, make sure the broker is regualted and start small. or stick with demo. no broker should ask money for demo trading so be careful
 

Emibluz

Banned
Aug 22, 2013
165
0
27
That depends largely on you.Do you love scalping, hedging, big bonuses etc. There is necessarily no best broker for a starter since everyone could have different interests in the market. But basically what to watch for are his spreads, minimum deposits, software in operation, platform, customer support, trading operations supported etc. Most of all is the transparency of the broker in question. A honorable broker is he who honors the account of his clients. Once he does this, he is clean and ready for your trust and use regulated or not.
 

Fxpipper

Master Trader
Oct 26, 2011
1,132
1
49
You can check online for reviews on most brokers, each broker will offer diff types of accounts and the same applies to leverages. I use Trader's way, FXCM and Alpari - the first two are great but alpari not so much and their CS sucks.

Anyway, just check out some of the independent broker review sites, check out what's on offer, do the research and remember to start small. And what works for another trader need not necessarily work for you - simply put, you need to take the call!
 
Sep 14, 2013
2
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12
There are some points, if you keep them in mind you will find out the best broker. Here are the some points
Account options
Spreads
Leverages
Trading platform
Payment and withdrawal methods
 

Cacarot

Trader
Sep 23, 2013
5
0
12
I think you should start with eToro since it's really easy to use and beginner-friendly.
Else, I'm trying this new platform xCFD? they don't have study guides so it might be a little tough finding your way, but they do give good bonuses.
 

John_Davy

Confirmed 1LotSTP Representative
Nov 20, 2013
66
0
22
The best way for beginners who are starting on forex is to contact National Futures Association. (This organization monitors brokerage firms and brokers in the currencies market.)

When i start out i didn't know this. What i did was do a research on brokers and check how reliable the broker is.

Set a target of what your ideal brokers, check forums and forex websites for traders feedback.

After doing this, try signing up with their demo account. to check how will your broker will perform in the forex world.
 

miles

Banned
Nov 26, 2013
70
0
0
The best way for beginners who are starting on forex is to contact National Futures Association. (This organization monitors brokerage firms and brokers in the currencies market.)

When i start out i didn't know this. What i did was do a research on brokers and check how reliable the broker is.

Set a target of what your ideal brokers, check forums and forex websites for traders feedback.

After doing this, try signing up with their demo account. to check how will your broker will perform in the forex world.
That's really a good suggestion, my friend. Upcoming traders should do a good
research to better find a broker can offer them exactly the services they need. will advice newbies to be more vigilant when it comes to searching for right broker.
 

John_Davy

Confirmed 1LotSTP Representative
Nov 20, 2013
66
0
22
Thank you @miles I hope we were able to help new traders who are learning new things on Forex.
 

miles

Banned
Nov 26, 2013
70
0
0
I will advise traders especially newbies to do a good research and forums also is better place to find the best broker of your choice. A broker that can offer you pleasant services and trading conditions. Right now, I'm using profiforex as the broker of my choice, because I'm satisfied and fine with their good service. Most especially, Their good costumer support and fair withdrawal without delaying.
 

rrayne20009

Trader
Sep 13, 2013
57
2
17
The best way for beginners who are starting on forex is to contact National Futures Association. (This organization monitors brokerage firms and brokers in the currencies market.)

When i start out i didn't know this. What i did was do a research on brokers and check how reliable the broker is.

Set a target of what your ideal brokers, check forums and forex websites for traders feedback.

After doing this, try signing up with their demo account. to check how will your broker will perform in the forex world.
Very good advice.One should do his own reseach and background check of his broker of choice,I think it is due diligence on our part.And demo are really good to test a broker's platform and features.
 

kaito kid

Banned
Jun 29, 2013
36
0
0
Very good advice.One should do his own reseach and background check of his broker of choice,I think it is due diligence on our part.And demo are really good to test a broker's platform and features.
I think so, demo accounts can be used to find out the advantages and disadvantages of brokerage. We recommend that you use a broker who has a good server speeds that will provide benefits for traders
 

dodo

Confirmed ProfiForex Representative
Jan 23, 2014
20
0
12
As for me, you would need a straight forward broker that can be honest with you and give you all the necessary services like major currency pairs, low spread, minimum deposit for you trade with micro account if you don't have much money to start. I'm certain about it that my broker can do more all this I have mentioned.