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How to choose a most optimal forex broker to start doing business with?

Discussion in 'Beginners Forum' started by Hamidur Rahman, Feb 2, 2015.

  1. Hamidur Rahman

    Hamidur Rahman

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    I am little bit confused about select a good and suitable broker ..
    need some advice please ...
     
    mayasha likes this.
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  3. mayasha

    mayasha

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    If you are a beginner Then you can Try many trial brokers out there..
     
  4. sindarin

    sindarin

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    Select a broker that listed in CFTC or if you don't like CFTC strictness which is so much to some people then choose FCA or FINMA see if there is a suitable broker that listed there, joining in a regulated brokers will lowering the chance of scamming.
     
  5. forindo

    forindo

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    Importantly, believe to the broker you have selected to join with, that the broker will help you to reach your financial freedom. While, for a new trader choose the broker which provide you a certainty for you deposit.
     
  6. TenkoFX

    TenkoFX

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    There are a lot of broker in whole world for Forex trading. We have to chose very carefully in which broker we should trade. There are some point to look at about broker such as spread, regulated or not,execution time etc.
     
  7. sindarin

    sindarin

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    If you aks me this question then the most optimal broker according to me is the broker that i am using right now which is FXDD. First it has supportive support, also it accepted the payment processor i am using right now, plus it has real office and registered in strict regulator.
     
  8. zaoxianiu

    zaoxianiu

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    There are some factors needed to be considered when selecting broker: withdraw speed, system stability, regulation, spread, and also the feedback from the users.
     
  9. Dmitriy Ushakov

    Dmitriy Ushakov

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    You had better try FreshForex. I have trade with several brokers, and I think FreshForex has one of the best trading conditions. Trading terminal works well. There are several account types and you can open all of them for trying. There is no minimum deposit, you can start trading with $10. Order execution is very fast, and withdrawal too. A lot of withdrawal methods: card, payment system, wire transfer.
     
  10. vic84

    vic84

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    You can read reviews about a broker or open a demo account with a broker and check how they deal with you , in this way you can also interact with fellow trader and know about their experience,
     
  11. robin.bob

    robin.bob

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    I agree with your assessment of freshforex broker. But to my mind, the main advantage is the obvious focus on the formation of long-term work with traders.
     
  12. Nezami

    Nezami

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    In Fx trading, choosing a broker is very difficult task, because there are almost thousands broker in online retail market and most of them are found to be scams. Should the trader can choose a broker that is more appropriate to the concept of trading that will be sued, if you love scalping , should choose the broker that allows trading concept such as this.
     
  13. Smash Fun

    Smash Fun

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    There are a lot of broker in whole world for Forex trading. We have to chose very carefully in which broker we should trade. if you want to choose a good broker then you must see their regulation and fund scurrility.
     
  14. radex78

    radex78

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    Yes indeed alot of broker in forex business, and as trader should carefully choose broker if they already start with huge capital especially, regulated broker and that already have good reputation among trader will better broker that no reputation
     
  15. Nezami

    Nezami

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    Yes, you r right you have said. Regulated trading broker can be chosen for leading a secure and profitable trading life with certainly. Because, only this kind of trading platforms make sure security of funds at any deposits with a wide range of trading technologies.
     
  16. radex78

    radex78

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    Yes many trader also said if regulated broker is recommended for trader for security funds, but however as trader and investor should lobey golden rules investing money in high risk business just spent money that afford to lose before imagine easy profit
     
  17. karleytreutel

    karleytreutel

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    While choosing a broker first check whether it is a regulated broker or not. With a regulated broker your money is ensured. There are a couple of brokers who cement the record by demonstrating some frail reasons. Besides, a couple of brokers deny to pay the client in case he makes monstrous advantages. That is the reason a regulated broker is a fair choice. If anything inaccurately happens you can record dissent to the managerial specialists. For this I got a regulated broker named SNP Investments. I also like their managed account.
     
  18. Smash Fun

    Smash Fun

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    We have to check so many things before we select a broker for our trading. Checking the broker details, regularity, security of your funds and spreads, etc.
    No doubt choosing a broker is not an easy task.
     
  19. James007

    James007

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    When selecting a broker first check whether it is a regulated broker or not. With a regulated broker your fund is protected. There are a few brokers who freeze the account by showing some weak reasons. Furthermore, a few brokers deny to pay the customer if he makes huge profit. That is the reason a regulated broker is a decent decision.
     
  20. MarvelPole

    MarvelPole

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    To findout the best broker for yourself you have to do some research about the brokers so that you find the best broker. Through that broker you are going to invest your money to earn the profit and you never wanted to lose the money because your money has much importance in your life. Chosse the broker who has good market reputation and ratings on different forums.
     
  21. lioneld

    lioneld

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    I hope, now you are trading with a transparent one! By the way, the main criteria is broker’s regulation; than the trading features according to your requirements; no doubt, it’s a challenging job to all new traders.