Looking for a broker

[Tayto_Crisp]

Hi, new to trading, how do I find a good broker.🙂

 

[SamWein]

Hey! for spread betting and CFDs InterTrader is a good broker. They provide good charting pack (It-Finance advanced pack), tight spreads, several trading platforms and other good tools.
Forex I would go for easy-forex . com, they provide MT4, they are reliable and are many years on the field.

=)

 

[Tayto_Crisp]

Thanks Sam

 

[Tayto_Crisp]

Is this the Iranian Embassy?
Kenny Everret 1981

 

[ph_trader]

hi tayto, good brokers? is hardto find, and most of us here i gues have only been through like 1 or 2 brokers only, i wont recommend my first broker since its like a natural source of head ache 🙂 I'm trading with hotforex, its an of shore broker, and I have been trading with them since last year, they are a ok! and improving really, some of my friends trade with oanda coz it offers the paypal option, and other well known brokers are alpari UK, but I can't speak on their behalf.. for now, you try their demo accounts and see what suits you, demo accounts are free and good for practice as long as you keep your starting money close to the actual value you want to trade and best of luck 😀

 

[strokey tone]

Very difficult to find broker who is honest with integrity and who has the best interest of the client foremost, most of the brokers I have dealt with and especially the last outfit who feature in a video on this site have the morals of double glazing salesman and the ethics of arms dealers!
I only ever dealt with one who had integrity and actually had my interests at heart

 

[mingbao]

Yes, it's really difficult to find good broker, i tried many before I found the current one. one tip is to read those top ones with good reviews and verify them. and it's more safe to avoid those tiny ones.

 

[snsFX]

There are a lot of misconceptions out there and a lot of truths. There are a lot of different types of brokers out there. You're probably going to want someone who is regulated or certified because those are brokers who are under the supervision of some type of regulatory body. The best way to find out is simply to ask them.

A little tip - if you ever receive a requote for a broker, EVER, the first thing you should do is close your account and get your money back. There is no excuse, under any circumstances for a broker to requote you. If the broker will not give you the price he is quoting then he shouldn't be quoting you that price.

Since you're a new trader, I would recommend you choose someone that will give you a personal relationship. Someone that is available to guide you through the process. Foremosttrading is an introducing broker for PFG and they are an example of a broker who has good access and is easy to get a hold of. Basically, find a broker who is going to give you some personal attention.

 

[neil]

Hi, new to trading, how do I find a good broker.🙂

1. Discern what is a Bucket Shop and what isn't.
2. Interactive Brokers.com......one of many brokers but known for low spreads.
3. Practice with a demo account somewhere.

 

[NVP]

go for someone owned by a bigger outfit and backed by the regulatory bodies of that country and with the appropriate cover for first £50k deposited (or is it £80k now ?)..all helps

you will not get the cheapest deals or spreads - but they will probably still be around to pay you your winnings back someday if you make any 😎

I will not name any of these...sorry 😉

N

 

[mingbao]

I want to add more, you should focus more on stable servers and reputations.

 

[ph_trader]

it takes time to really understand how brokers really work i guess, for the time being if you are still looking for a decent broker, try to stick with demo accounts, try opening a couple of demo accounts, its free anyway, see what suits you and maybe even trade with all of them at the same time, during trading visit forums and see what people think about their broker, you will know if they are like a brokers agents or real traders, with enough given time you will find your self convinced what broker you want to join, just don't over think things, 😀

 

[Patricia12]

You should keep in mind the following points while looking for a good broker:

1. Low Minimum Account Opening and Trading Amounts.
2. Low spreads.
3. Instant Execution Of Orders.
4.The Opportunity for Good Education and Training.
5. Leverage

 

[mingbao]

Safe and reliable is more important than anything, so find some one with good service.

 

[Patricia12]

Safe and reliable is more important than anything, so find some one with good service.

How to know that a broker is safe and reliable? I tried to find out its reply but not found any method or technique for it. If you are familiar with then please share with us.

 

[ph_trader]

hi pat, I think i posted somewhere here a simple method to check any broker, credit goes to the guy who thought about it (Im sorry i do not recall who he is)

its goes like this,

to check out anybroker you can do these simple steps..

open a live account with a small deposit lets say about 100 dollars
- here you can see how is their deposit system and if there is any problems you should know

then trade for a couple of days, maybe a week or two.
-to check their execution and platforms, does it suit your trading style . . etc you are not trading for profit here.

lastly withdraw your money or what ever is left of it.
-to see how withdrawals goes, how fast is it, etc..


this way you would have checked the broker from top to buttom ( i think i left nothing out)
you can contact support with random questions just to see how they response. of course keep in mind that it should be like a broker that other users recommend, and do not invest money that you can't afford to lose, maybe some pocket change would do

I used this with hotforex last year, and it really answered a lot of my doubts, and im still trading with them 🙂

 

[jlgildo]

Yes, it's really difficult to find good broker, i tried many before I found the current one. one tip is to read those top ones with good reviews and verify them. and it's more safe to avoid those tiny ones.

Hi! Would you mind sharing the platform you're using right now?!

 

[jlgildo]

hi pat, I think i posted somewhere here a simple method to check any broker, credit goes to the guy who thought about it (Im sorry i do not recall who he is)

its goes like this,

to check out anybroker you can do these simple steps..

open a live account with a small deposit lets say about 100 dollars
- here you can see how is their deposit system and if there is any problems you should know

then trade for a couple of days, maybe a week or two.
-to check their execution and platforms, does it suit your trading style . . etc you are not trading for profit here.

lastly withdraw your money or what ever is left of it.
-to see how withdrawals goes, how fast is it, etc..


this way you would have checked the broker from top to buttom ( i think i left nothing out)
you can contact support with random questions just to see how they response. of course keep in mind that it should be like a broker that other users recommend, and do not invest money that you can't afford to lose, maybe some pocket change would do

I used this with hotforex last year, and it really answered a lot of my doubts, and im still trading with them 🙂

Nice read. =)) I'm new to trading too. I'm planning to deposit cash in TradeSmarter to start "CAll" and "PUT" options. However, there's this feeling of uncertainty since what's at stake here is my hard earned money. You mentioned that you use HotForex. Is this a binary options trading platform? Pardon if I sound so naive.

 

[Patricia12]

Thanks ph_trader for your useful suggestion. I think, your shared method will work.