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Forex Broker Recommendations? | Myfxbook
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I’m looking at a couple different forex brokers, but I’m having a tough time picking just one. I’m currently between Forex, FXCM, IBFX, GFT, FXDD, etc…
I’ve been reading a bunch of posts regarding what to look for in a broker, and it seems that a “Fixed” spread and “Non-Dealing Desk” broker is probably the best way to go.
However, if I’m mistaken why do you prefer a different broker??
Should I be looking at a broker with:
A Fixed or Variable spread??
A Dealing Desk or Non Dealing Desk (NDD)??
Main main two brokers are Tickmill and ICMarkets, their Seychelles branches due to 1:500 leverage available. No problem withdrawing your money.
Use only brokers with variable spread and NDD. Brokers with fixed spread are keeping 'in house' your trades, never sent them to real market.
I like using IG for their reputatiuon and great trading platform, IC Markets for the reasons well explained above me and EagleFX for crypto trading with decent leverage and options.
If you can't spot the liquidity then you are the liquidity.
Oct 12 2021 at 10:26
Biedrs kopš   40 ieraksti
From my experience, I will say FP Markets. They have been regulated since 2005, and it's a trusted global CFD and Forex broker.
I prefer them mostly because of the tight spreads and quick responding customer support team.
Oct 13 2021 at 09:15
Biedrs kopš   35 ieraksti
There are several good brokers out there, and after long research, I found FP Markets suitable for me. I recommend trying them because their trading conditions are some of the best.
Spreads are tighter even during high volatile markets news events with minimum slippages and lower commission costs.
Oct 13 2021 at 12:55
Biedrs kopš   801 ieraksti
So far, I think the best option for work is a broker from Amarkets. I really like this option, and I'm happy with the results.
Oct 14 2021 at 08:48
Biedrs kopš   35 ieraksti
I recommend trading with an ASIC broker FP Markets. They are one of the oldest brokers since 2005 with a good reputation.
I've been trading with it for over a year, good spreads and faster execution speed even their customer service is quick in solving clients queries.
Oct 14 2021 at 09:51
Biedrs kopš   1 ieraksti
The broker i use is called MOGAfx, an Australian broker regulate by ASIC. 1:500 leverage available, many different of account for option ( standard, VIP, low spread, 0 spread), also have copytrade system for those who does not know how to trade. Really nice account mangers help you with anything.
Oct 14 2021 at 18:09
Biedrs kopš   801 ieraksti
So far, in terms of work, I can really advise a broker from Amarkets. This is really the option with which it is now quite possible to make money.
Oct 15 2021 at 09:04
Biedrs kopš   21 ieraksti
FP Markets is a good choice. I have been trading with them for a while now; their spreads are some of the tightest out there (at least in the major pairs- Averages 0 for most part of the day in EURUSD).
If you choose their Raw Spreads account, the commission charged per lot is 6$ per round lot, slightly cheaper than other similar ECN brokers.
Oct 25 2021 at 09:34
Biedrs kopš   111 ieraksti
I prefer variable spread brokers, currently using turnkeyforex, spreads range between 0.1 to 0.4 pips depending on the pairs traded and the market volatility.
And of course, dealing desk brokers are a big no for me too.
Oct 25 2021 at 09:56
Biedrs kopš   43 ieraksti
It will depend on which product you are trading. I will say there is specialty for some brokers. And yet, brokers those offer fix spread are mostly scammer.
Oct 26 2021 at 08:24
Biedrs kopš   52 ieraksti
'I recommend trading with FP Markets, an ASIC regulated broker with some of the lowest spreads and commission costs.
The spreads began at 0.0pips, especially in EURUSD, and the commission per round per lot is transparent to their clients.'
Oct 26 2021 at 13:10
Biedrs kopš   801 ieraksti
I can already imagine how many different companies advise in this topic))
Oct 27 2021 at 11:20
Biedrs kopš   45 ieraksti
'I recommend trading with FP Markets. They are regulated by ASIC, CYSEC and also have an offshore licence with St.Vincent.
Their spreads start from as low as 0.0pips and average at the same rate for most of my trades with lower commission costs and slippages.'
Oct 27 2021 at 13:18
Biedrs kopš   939 ieraksti
The most important thing I would like to recommend is that you look for a reliable broker. This is the most important aspect to work with!
Nov 10 2021 at 12:05
Biedrs kopš   759 ieraksti
Picking the right broker is hard. But traders should choose it carefully.
Nov 10 2021 at 16:54
Biedrs kopš   825 ieraksti
Choosing the best forex broker to trade forex does require some initial research to find the one most suitable for your trading needs and experience level.
Nov 11 2021 at 08:01
Biedrs kopš   20 ieraksti
Well, it's pretty difficult to recommend brokers because every trader has its own needs in trading activity. One trader will be okay with particular conditions, while another trader won't be okay with the same conditions. If you will describe what do you want to get from a broker, for example, you want no commision and tight spreads, then there is a chance that traders can recommend you a broker, in other cases it's quite hard I guess. Anyway, you should firstly make up a decision, which matter a lot for you in case of brokers, maybe you don't want to get system of types of account or something like that.
Nov 24 2021 at 06:29
Biedrs kopš   25 ieraksti
@Periwield, I agree with you. Every trader has a different style of trading. To meet their trading demands, traders need to do their own research. For example: I look for brokers who allow low spreads and also take bitcoin deposits. You can compare brokers online to see which one is best for you.
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HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all of your initial investment. Do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading, and seek advice from an independent financial or tax advisor if you have any questions. Any data and information is provided 'as is' solely for informational purposes, and is not intended for trading purposes or advice. Past performance is not indicative of future results.
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