How To Choose Best Broker ?

[DavidKSawyer]

These are few important facts needs to consider while choosing best forex brokers.

• Pay attention to account minimums.
• Assess your investment selection – prioritize low commissions on the investments you'll use most.
• Watch out for account fees.
• Consider your trading style and tech needs.
• Take advantage of promotions.
• Look at ratings and customer service.

 

[Sophia_US]

The best way posts on facebook groups they will tell you the best one. After that check review on sites like earnforex, myfxbook, fxnewinfo bla bla

 

[mrnoob]

On my opinion, none of the brokers are 100% stable and trusted even new broker or old broker.
But u can try on some new brokers for some period of time since the broker wanted to run for a long time or short time, they will do their best in the early stage. Besides, their benefits maybe better than those old broker. This is just my suggestion. Hehe

 

[Quantower]

New ESMA regulations forced brokers to be more transparent about their loss statistics. The results are fascinating

 

[hatemypips]

This ratings are useless since they're all paid. best rating is the one that's based on your experience.

 

[ChristianXavier]

You can only test different. Plus some reviews (especially video ones) also help a lot. But you can' help testing different tools by your own, thats the only way

 

[Bobby55]

A Broker with 0 percent IB agreements is the way forward.
If you don't know what an IB is....research!!

 

[rayfordadam]

If any of my friend still looking good forex broker then check these points

- Forex Account Types
- Forex Broker Types
- Bets Customer Service
- Deposit and Withdrawal Methods
- Forex Bonuses
- Margin Call and Leverage
- Quick Response Time
- Transaction Costs
- Trading Platforms

 

[Bormondo]

It's pretty difficult to find good and reliable broker. Youn need to follow some simple steps while choosing new broker.
1. Check broker reputation using some forums and review websites
2. Check broker license (ASIC, CySEC, FCA, FINMA, MAS)
3. Learn everything about withdrawal methods
4. Try to contact with support, learn how much it will take time to solve some problem
and than make right decision

 

[hatemypips]

It's pretty difficult to find good and reliable broker. Youn need to follow some simple steps while choosing new broker.
1. Check broker reputation using some forums and review websites
2. Check broker license (ASIC, CySEC, FCA, FINMA, MAS)
3. Learn everything about withdrawal methods
4. Try to contact with support, learn how much it will take time to solve some problem
and than make right decision

Even after fulfilling all this prerequisites you can encounter scam because scams are constantly evolving to become more sophisticated.

 

[J_C_Anderson]

Of course, you can face with the scam, but if the broker is incorporated and licensed in serious jurisdiction like UK, the probability of the scam event will be much lower. Such regulators as FCE would take measures in case of fraud or something like that. In fact, it is much more important, than trading conditions or other terms.

 

[hatemypips]

Oh this is their new marketing trick - to show off transparency.
BTW numbers looks legit.

 

[Rohit Fx]

The question is does FCA really live up to our expectations? Is it strict enough that it can guarantee no cheating and scams at all?

 

[hatemypips]

The question is does FCA really live up to our expectations? Is it strict enough that it can guarantee no cheating and scams at all?

Well you can judge about safety by finding scam cases of the companies under their regulation. Compare then with companies licensed by other regulators. If period of collected data is long enough like 10 years, your conclusions will have the lowest possible bias.

 

[whitefx]

Anyone know about Fxbrew here?

 

[Inquisitor]

Anyone know about Fxbrew here?

Yes they make a lovely cup of tea 🍵

 

[progix]

Yes they make a lovely cup of tea 🍵

NIce one, seems like you comparing some brewery or food & beverage item.

 

[hatemypips]

Anyone know about Fxbrew here?

Better for you to not know them or deal with them. Trade with trusted names to lower systemic risks.

 

[progix]

Yeah you are very right we have to only test those which are already being tested and have a proper repute in the market.

 

[hatemypips]

Yeah you are very right we have to only test those which are already being tested and have a proper repute in the market.

How do you determine that the broker has solid reputation and good feedback from traders. It's not an easy task because broker reviews and the data of their use can be heavily manipulated.