Finding a broker

[IlIlIlIlI]

then what? 🙁((

Read the relevant sections of this forum (I know that takes time), check against Forexpeacearmy.

Check that they have a real adress and a phone number you can call on their homepage in a real country where you can trust the regulators and whether they are regulated. (Check the regulation number - it also could be fake on scam sites).

FCA regulated brokers can be checked here: https://register.fca.org.uk/s/search

Meanwhile also smaller brokers like Darwinex are cloned by scammers:

NewRegister

register.fca.org.uk

(first entry are scammers, the other two are the real companies behind Darwinex)

 

[Arnav Deshmukh]

I always try to look out for the reviews, pages like Trustpilot usually are best for something like this.

Do you find them reliable?
I find it hard to trust websites!

 

[Arnav Deshmukh]

Choosing a broker really depends on your personal preferences. I personally looked for brokers that were swap-free and commission-free. Also, I made sure they offered free demo accounts. I think testing a broker with a demo account first is a wise move 😉

I also prioritize swap-free and commission-free options, and testing with a demo account first is a smart way to see if it’s the right fit.

 

[IlIlIlIlI]

Do you find them reliable?
I find it hard to trust websites!

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[Larisa]

I also prioritize swap-free and commission-free options, and testing with a demo account first is a smart way to see if it’s the right fit.

That's wise.

 

[Arnav Deshmukh]

That's wise.

Yeah...you need to know enough about the broker before you start trading.

 

[Arnav Deshmukh]

Finding a broker involves careful consideration of factors such as reputation, regulatory compliance, fees, and available services. Start by researching brokers online, checking reviews, and ensuring they are regulated by reputable authorities. Compare commission rates, spreads, and any additional fees charged by brokers. Evaluate the range of trading instruments offered, including stocks, forex, cryptocurrencies, and commodities. Consider the quality of customer support, trading platforms provided, and educational resources available. Ultimately, choose a broker that aligns with your trading goals, risk tolerance, and preferences, while prioritizing security, transparency, and reliability.

Yep, I’m with you! A platform that actually works smoothly and decent spreads are key.

 

[Arnav Deshmukh]

I am more concerned about how to choose a good forex broker I got 100 results including top forex brokers but the thing is are they regulated by the specific security exchange? I came to know about startrader but I don't know should I go for them or not but they are providing me spot and future in the same account and the other thing is are they good or not because I couldn't find any reviews for them!

No reviews? That's a bit sketchy.

 

[Arnav Deshmukh]

Choosing a broker really depends on your personal preferences. I personally looked for brokers that were swap-free and commission-free. Also, I made sure they offered free demo accounts. I think testing a broker with a demo account first is a wise move 😉

Those are some really good points. I also check if they offer bonus or not. That could help a lot especially when you're hitting the stop out level.

 

[ThaddeusFinch]

Those are some really good points. I also check if they offer bonus or not. That could help a lot especially when you're hitting the stop out level.

Yes, a bonus can be a positive factor, but you should be cautious of broker traps. Some bonuses don’t support drawdowns. They trick you into thinking you're trading with a bonus when, in reality, you're risking your own deposit.

 

[Arvid G]

I’ve mostly been using some big-name brokers up until recently—nothing to complain about. Execution’s fine, withdrawals smooth, fees reasonable. I usually just stick to majors, but lately I’ve been curious about trading more cryptopairs and a few commodities. The broker I was using didn’t offer much in that area, and I also noticed a few promos elsewhere that looked tempting. So yeah, I started thinking maybe it’s time to try something new.

That’s when a long-time IB I’d been following on Twitter and Telegram reached out with this new platform called Wealth Engine. He added me into a Telegram group and told me they were doing this promo:

“Register now and get $50 USDT airdrop to trade.”

Sounded harmless. I figured I’d test the waters with the free credit.
At first, everything looked smooth—UI was decent, support seemed responsive. Then on March 19, boom—they froze my account. No warning, just “security reasons.”

When I asked what was going on, they told me:

“The platform was hacked. If you want to unfreeze your funds, you need to deposit $100 or more before March 25.”

I was already skeptical, but I asked support again. This time they told me I needed to deposit 10% of my total balance to verify my account. Like, what kind of joke is that? Since when is throwing more money at a problem considered “verification”?
At that point it was obvious: the whole thing was a trap.