How To Choose Best Broker ?

ChristianXavier

Newbie
9 0
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
 

rayfordadam

Junior member
17 0
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

Junior member
17 1
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

Well-known member
368 19
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

Active member
107 15
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.
 

Rohit Fx

Newbie
3 0
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

Well-known member
368 19
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.