How to find a Good Forex Broker

[Fx Master]

Broker is a big deal when it is time to make sure a successful trading life, because the broker can affects the result of our trading with certainly, we the traders can choose a broker which is more appropriate to the concept of trading that will be used, if you love doing scalping should choose the broker which allows trading concept such as this.

 

[lioneld]

Broker is a big deal when it is time to make sure a successful trading life, because the broker can affects the result of our trading with certainly, we the traders can choose a broker which is more appropriate to the concept of trading that will be used, if you love doing scalping should choose the broker which allows trading concept such as this.

It’s important; basically we traders need to select the broker based on our own trading requirements as you said.

 

[Oscar Shumack]

You should research yourself to find a good broker from this market.

 

[Mark Dahl]

Always choose broker considering regulation.

 

[David Marco]

A good broker can make you a successful trader. So, pick the best one.

 

[Gito Dinev]

Research online and google.

 

[Suzzaine89]

For me, I always tried out a demo trading before putting an actual amount to start a trading. Having a personal experience with brokers can be helpful, also I recommend choosing regulated brokers. These are some - fxview, icmarkets or fxpro

 

[Eduardo Lucchese]

How to find a Good Forex Broker

Financial Regulation Authority

If an online forex broker is causing some concern over the legality of their trading methods or if in fact prospective trader needs to know if a forex broker is legal, then just look online for a local governing office for financial regulation. They will direct the trader to the right office online and if the forex brokers company is not listed, then that company is bogus, and will just take the money and eventually collapse, leaving all investors with nothing.

Demo Accounts

A good online forex broker, will offer a demo account. This is an account for the trader to get used to the software programme of that company. In the account, will be a certain amount of 'toy money', this is what the new trader can play with, just to get a feel for the market and the trading platform, without the risk of losing any money
Online Registration



Not an important aspect in the search for a broker, but the registration form that needs to be filled in online will only take approximately ten minutes to fill in, and a few minutes after that, the trading can begin. You will need your bank and credit card or pay-pal details at hand.

Real Time Prices

This is very important, some obscure forex traders will buy or sell your currency, with an 'at best price' message after it, this is no good, the trader can lose money from it. A decent forex trader will have real time prices, which is the actual price on the markets, and the trader will be able to buy and sell at the price that is shown on the screen.

Very good observation. It will help many new traders to find a good broker.

 

[A_S]

Trading is not a joke; a forex trader must be aware of two things: his own performance and the performance of the broker he selects for trading purposes.
Before visiting to a restaurant, we inquire about the cuisine and service; similarly, we seek for reviews of traders who use a broker's platform.
You can read the reviews of traders who use various trading platforms to get a real-time evaluation of the broker's performance.
Pepperstone, FXTM, Turnkey, and CMC are some of the well-known brokers with a strong reputation.

 

[Alexander Hudson]

Proper research can help you to find a good broker.

 

[Kevin Vogt]

To find a good broker you can do research on Google. Check whether the broker is regulated or not. It's the most important thing. Then check the facilities you are looking for.

 

[justintaylor]

The best way is to first assess your needs and then draw a comparison between the brokers that meet your trading requirements.

 

[Oscar Shumack]

Whenever selecting a broker, you should go for ECN trading brokers than STP and Market makers. A broker’s regulation and service are important facts to consider.

 

[Nezami]

learning is important there is no way to ignore but honestly speaking any level of learning can be useless if there is no regular practice level.

 

[The trader]

according to me there is no one who can manage emotions for all time, this is very common in human nature.

 

[Oscar Shumack]

In the case of selecting a good trading broker, you have to consider the regulation first and then you have to see what services they offer and whether those services are convenient for you or not.

 

[SaadBinToha]

Scammers have made nest into the market so it’s tough to find a regulated broker. But whenever try to select a broker, go for a certified broker and it must be ECN-standard.

 

[Alexander Hudson]

To understand whether your broker is a good or not, you have to check their regulation and other certification. And then you have to know how their service is.