Looking for a broker

Originally Posted by 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.

Originally Posted by 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