How do you know if a broker is a good broker ?

This is a discussion on How do you know if a broker is a good broker ? within the Forex forums, part of the Markets category; Have you guys got a checklist for finding the right broker ? I'm considering Tickmill. Also what platform is better ...

Reply
 
LinkBack Thread Tools Search this Thread
Old Aug 10, 2018, 4:43pm   #1
Joined Jul 2018
How do you know if a broker is a good broker ?

Have you guys got a checklist for finding the right broker ?

I'm considering Tickmill.

Also what platform is better ? MT4 or MT5.

Many Thanks
khongminhtn is offline   Reply With Quote
Old Aug 11, 2018, 8:50am   #2
 
2 Posts
Joined Aug 2018
Quote:
Originally Posted by khongminhtn View Post
Have you guys got a checklist for finding the right broker ?

I'm considering Tickmill.

Also what platform is better ? MT4 or MT5.

Many Thanks

Totally depends on your needs.. you got more financial products with MT5 but I personally prefer MT4.

I found some really good brokers via "Engineforex" - they review brokers and give you a decent run down and comparison on all features. My personal fav broker is IC Markets as they have great spreads and ultra-fast execution.

Hope that helps - Cheers!
Isaac_FX is offline   Reply With Quote
Old Aug 11, 2018, 9:00am   #3
 
3 Posts
Joined Aug 2018
My checklist:

1. Regulated and licensed with a reputable authority
2. Client funds segregation
3. Good client feedback and reviews on service quality

Spread, server reliability, payment options, etc., are all secondary considerations.

MT4 is more widely supported.
GazFx is offline   Reply With Quote
Old Aug 11, 2018, 9:38am   #4
 
3 Posts
Joined Aug 2018
Quote:
Originally Posted by Isaac_FX View Post
Totally depends on your needs.. you got more financial products with MT5 but I personally prefer MT4.

I found some really good brokers via "Engineforex" - they review brokers and give you a decent run down and comparison on all features. My personal fav broker is IC Markets as they have great spreads and ultra-fast execution.

Hope that helps - Cheers!
Have been with IC Markets for several years myself, and agree...good broker!
GazFx is offline   Reply With Quote
Old Aug 11, 2018, 11:03am   #5
NVP
 
NVP's Avatar
Joined Jun 2004
give them some money then ask for it back in 5 years time

if they are not there then they are a bad broker
NVP is offline Coach/Trainer   Reply With Quote
Old Aug 11, 2018, 11:04am   #6
NVP
 
NVP's Avatar
Joined Jun 2004
Quote:
Originally Posted by khongminhtn View Post
Have you guys got a checklist for finding the right broker ?

I'm considering Tickmill.

Also what platform is better ? MT4 or MT5.

Many Thanks
Tickmill are ok ...i have some trader friends who are happy with them

MT4 is much more widespread still and popular than Mt5
NVP is offline Coach/Trainer   Reply With Quote
Reply

Thread Tools Search this Thread
Search this Thread:

Advanced Search

Similar Threads
Thread Thread Starter Forum Replies Last Post
Good UK broker? RobertGO Brokerages 51 Jun 14, 2017 9:23am
one good broker killer83 Brokerages 4 Nov 27, 2016 2:41pm
Is this a good broker? ee.fxfx Brokerages 1 Oct 26, 2016 5:43pm
Any good Broker's ken979 Commodities & Money Markets 3 Oct 6, 2011 7:56pm

Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)