Mayoush Rifai Posted January 25, 2013 Share Posted January 25, 2013 I guess some of the key issues one would look at would be: 1. Is the broker a market-maker, STP or ECN type? 2. Does he allow flexible lots - I mean can you determine the size of your trade according to your risk preference? 3. Is there any restriction on the number of pips away you could place a stop loss? 4. What are the order types the platform offers? 5. What are the instruments offered? 6. Account minimum deposit required 7. Amount of leverage offered 8. Whether scalping and EA's are allowed 9. Whether properly registered with regulatory authorities, and client funds are segregated. 10. Research and charting facilities. 11. Reputation on internet forums. Hope it was of help!!!! Link to comment Share on other sites More sharing options...
Guest gaban Posted January 26, 2013 Share Posted January 26, 2013 Helpful thread, sir. It can help traders who are choosing broker to trade. And i have get suitable broker for my trading. Hopefully, other trader will get suitable broker like me. Link to comment Share on other sites More sharing options...
Jordan Sands Posted February 5, 2015 Share Posted February 5, 2015 Really excellent thread this as it just gives us exactly the idea how we should select a broker. I selected OctaFX broker on this basis only as they are a regulated company while at the same time they are true ECN broker and the biggest point to be noted is that they are 8 times award winning company and just now have been nominated in the category of the Best Broker and most reliable broker and are likely to win it as well so it’s an ideal choice for me. Link to comment Share on other sites More sharing options...
Vincent Stevens Posted March 13, 2015 Share Posted March 13, 2015 Really excellent thread this as it just gives us exactly the idea how we should select a broker. I selected OctaFX broker on this basis only as they are a regulated company while at the same time they are true ECN broker and the biggest point to be noted is that they are 8 times award winning company and just now have been nominated in the category of the Best Broker and most reliable broker and are likely to win it as well so it’s an ideal choice for me. Mate to be honest regulation or license is not any advantage but something necessary and it’s important for a broker to have that so I won’t ever select a broker just because of that. I also trade with OctaFX broker but I been regulated did not impress me instead it’s their awesome 50% bonus that made me jump in joy so that’s why I went with them and you know they have won their 9th award recently at FX Empire awards been awarded as the most reliable broker! Link to comment Share on other sites More sharing options...
Forhad Reza Posted March 23, 2015 Share Posted March 23, 2015 I have seen, according to my trading experience, those trading broker are considered as a regulated trading platform by the authorize in this market, only these broker are proper trading stage to trade permanently. So, I have selected MxTrade as my trading platform which is well known as an EU regulated trading broker where, my trading life is comfort and secure by getting exclusive trading amenities. Link to comment Share on other sites More sharing options...
Rajesh Posted March 27, 2015 Share Posted March 27, 2015 Different traders have different idea to select their trading broker, even some traders are not aware about select they trading partner. By the way, I think using demo account is the best way to realize broker’s actual behavior. Though, it’s long time process but much reliable to depend on others speech. Therefore, I used more than 10 demo accounts on different Forex broker to get best scaling trading platform then I found TradingBanks trading broker is the best choice for me. Because, they give narrowest trading spreads for all trading currency. On the other hand, quickest trading software of TradingBanks always shows real market price that helps me to make accurate market analysis. Link to comment Share on other sites More sharing options...
uncle gober Posted April 1, 2015 Share Posted April 1, 2015 Trading with brokers that provide satisfaction and comfort is required by traders. one comfort I need in choosing a broker is the speed of execution without requotes, low spreads and available ECN accounts that provide certainty of trading in the market directly. Now I find the broker, the broker is TICKMILL. I saw these brokers have low spreads from the comparison between the broker spreads in myfxbook Link to comment Share on other sites More sharing options...
Guest gaban Posted April 1, 2015 Share Posted April 1, 2015 choosing the right broker is very profitable for us, and therefore we need to find the right broker to try trading on a demo account or trading with small capital to test the services of a broker. Link to comment Share on other sites More sharing options...
dante Posted April 5, 2015 Share Posted April 5, 2015 Some brokers have vanished from the Forex arena in 2014 and 2015, due unbalance situation as impact of swiss aftermath. I've never thought before that they will disappear facing the troubles of economics. On this occasion I do not have a moral right to suggest anything to you because this broker might just be dead in a couple of months or years. So there is no way to understand if the broker is reliable. For me the most important issue is spread. Some of the key things to look for are available currency pairs, commissions, typical bid/ask spreads. I've done my check through myfxbook spread comparison, and several trusthworthy brokers reviews website such FPA, FF, including myfxbook. now i've done my live trading activity with Tickmill for almost 3 years, and they become more legit at their service. Also try to diversify your balance. Open several accounts at different brokers and if one of them bursts you will still have the most of your money saved. Link to comment Share on other sites More sharing options...
Shimul Miya Posted April 7, 2015 Share Posted April 7, 2015 It is not so easy to find a right broker from all scam trading platform. After researching a long time, in have selected GCI Financial as my trading platform which is considered as a EU regulated trading broker by the high authorize in this market place. Due to having many educational facilities I have chosen this trading broker. Link to comment Share on other sites More sharing options...
Mask vettori Posted April 7, 2015 Share Posted April 7, 2015 I think its not difficult to choose the perfect Broker if you have enough knowledge of Forex trading in a demo account with comparing different type of Brokers. But its true that the Broker must be reliable for your best security in Forex market. In addition, from 2010 i am a regular Forex trader and i have chosen a best foreign exchange Broker which is CommexFx . Those Broker so much co-operative with me and they give me much security in Forex world. For this, at present i am so much depended and successful in Forex area. Link to comment Share on other sites More sharing options...
dante Posted April 10, 2015 Share Posted April 10, 2015 I tried almost all the very well-known Forex brokers but I always faced some obstacles from the broker and in many cases my trading accounts were blocked and closed. But with Tickmill I can trade freely with the best market spreads and the best order execution I have ever experienced. their ECN account type get pricing feeds from multiple institutional market participants and display the best quote on their trading platform. With quotes flowing in from numerous institutional sources, spreads on the bid and ask can get extremely tight and can even reach zero. Link to comment Share on other sites More sharing options...
Shimul Miya Posted April 12, 2015 Share Posted April 12, 2015 Actually, as a newcomer I selected GCI as my trading platform where many didactic facilities are available those are very effective to the newbie to become a knowledgeable trader. This trading platform is considered as a regulated award winning broker by the high authorize in this market place. So, my trading life is very secure and flexible in this trading platform. Link to comment Share on other sites More sharing options...
Forhad Reza Posted April 16, 2015 Share Posted April 16, 2015 As a Muslims, it is very difficult to me to find a regulated trading broker. Because, all trading brokers are not appropriate for the all religion people especially the Muslims. In my trading career, I invested $500 in MxTrade to see the performance how it works. I was very surprised when I have opened my Islamic swap free account within a short time devoid of facing any kinds of restrictions. Then, I have decided to trade permanently in this ECN trading broker. At the present, from here I am getting all trading facilities as a like a general trader. Link to comment Share on other sites More sharing options...
Shafiek Abrahams Posted May 17, 2015 Share Posted May 17, 2015 Don’t mind but I am not really able to understand your logic, it makes no connection been Muslim and finding a regulated broker, I understand about swap free account but what do you mean by regulated broker, it’s same for all whether we are Muslim or Non-Muslim, it’s just the swap free account that’s required for us and not for others. I will suggest you to be using OctaFX broker, it makes it easy for us to use swap free account since unlike other brokers, it does not ask us to verify our self so that makes it easier to use this type of account. Also, it is regulated so you will be much more comfortable in the way you trade. Link to comment Share on other sites More sharing options...
dante Posted May 18, 2015 Share Posted May 18, 2015 i'd prefer to have a close attention with their trading enviroment, should I use their service, see if it fit my needs related to my current trading strategies. i've been reseacrh to find matched trading conditions for my EA system. Naturally, the lower the spreads, the better it is for my scalping .I take into consideration that most STPs have their chart prices marked up - that means that if my EA/Robot reads prices off the chart rather than market watch, then i might experience some triggering issues.My requirement would be to find a broker with raw spreads and a low commission. The raw spread will give my EA the best possible platform to trigger the orders.it's almost 2 years i held my ecn account with Tickmill which ensure my trading condition requirement, narrowest trading spreads, low mark up fees even for commision base broker. Link to comment Share on other sites More sharing options...
Fx Mental Posted March 1, 2016 Share Posted March 1, 2016 Without a reliable support from a regulated trading broker that’s not possible at all to lead profitable trading life. That’s why, in my trading career, I have chosen Trade12 regulated trading broker from where I got 50% initial bonus that I am able to use for all time devoid of any kinds of restrictions including only one pip lowest trading spreads. Link to comment Share on other sites More sharing options...
TGF Premium ⭐ aliforex Posted March 1, 2016 TGF Premium Share Posted March 1, 2016 Still use insta for trading, still try to more improve my trading skills. I have get convenience trading from this broker so i can be more focus to improve my trading skills. And the most important is, trader must try to use experience as a lesson Link to comment Share on other sites More sharing options...
Guest gaban Posted March 2, 2016 Share Posted March 2, 2016 yes, I have also chosen to trade in instaforex. I can start trading using bonus posts. so then I can trade with maximal if we had really get comfortable broker Link to comment Share on other sites More sharing options...
uncle gober Posted March 2, 2016 Share Posted March 2, 2016 Choosing a broker should carefully because trading is an art that requires support form of of services provided by the broker comfortably. Now I feel comfortable trading in TICKMILL with low spreads conditions Link to comment Share on other sites More sharing options...
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