Thread: Why you choose your broker

I prefer trading broker Instaforex because for me this is very convenient for trading. with a bonus post and trading conditions are very comfortable this will make us more comfortable trading so the results will also be the maximum

1. Spreads - Many brokers claim to have low spreads where in fact they don't. Don't bother to open a demo account and check the spreads. Open a live account but don't deposit any money. Check the spreads in real time and by how much they open during economic figures, especially the Non-Farm Payrolls.

2. Margin requirements - Each broker may have different margin requirements for different instruments. Check this upfront with the broker.

3. Leverage - Check the leverage to make sure it meets your needs

4. Minimum distance - Check the minimum distance you can have form the market for stops, entry orders and take profits. Important!

5. Margin call - Will you receive an alert when you are in a margin call? (relevant if you leverage too much)

6. Margin stop out - By what % level will you get stopped out due to lack of margin? (relevant if you leverage too much)

7. Negative balance policy - We all know what happened to many brokers because of the SNB and EURCHF. Check the brokers policy if your balance is negative.

8. Withdrawals time frame how long does it take to withdraw?

9. Withdrawal fees - How much do you need to pay if at all for withdrawals?

These are a few questions I ask myself in order to see if a broker fits my criteria or not..

Because my Broker FBS is offering some really good features to the traders in the market and I am really happy with them since the start.

Originally Posted by Jesse.muller

1. Spreads - Many brokers claim to have low spreads where in fact they don't. Don't bother to open a demo account and check the spreads. Open a live account but don't deposit any money. Check the spreads in real time and by how much they open during economic figures, especially the Non-Farm Payrolls.

2. Margin requirements - Each broker may have different margin requirements for different instruments. Check this upfront with the broker.

3. Leverage - Check the leverage to make sure it meets your needs

4. Minimum distance - Check the minimum distance you can have form the market for stops, entry orders and take profits. Important!

5. Margin call - Will you receive an alert when you are in a margin call? (relevant if you leverage too much)

6. Margin stop out - By what % level will you get stopped out due to lack of margin? (relevant if you leverage too much)

7. Negative balance policy - We all know what happened to many brokers because of the SNB and EURCHF. Check the brokers policy if your balance is negative.

8. Withdrawals time frame how long does it take to withdraw?

9. Withdrawal fees - How much do you need to pay if at all for withdrawals?

These are a few questions I ask myself in order to see if a broker fits my criteria or not..

Yes, I strongly agree that we have to check the spread of the broker at the time there is news that as traders we must ensure that we use brokers have low spreads

Originally Posted by Uncle Gober

Yes, I strongly agree that we have to check the spread of the broker at the time there is news that as traders we must ensure that we use brokers have low spreads

Low spreads are the most wanted by traders. Because we can trade with comfortable. For scalping, it will be better and more convenient. I also get low spread and although i do not do scalping, low spread is suitable for any trading strategies

"Invite your friend, get $10 and win $5,000"

Because my broker FBS Markets is one of teh best in the business and they are well regulated , in addition to that their customer support is really good.

Forex is not easy, because forex is high risk, with the risk that it is to succeed in this business then we need to learn and practice many trading well. To do this, we can trade using small capital

I have been using FBS Markets for some time and i must say that my experience with them has been really good and they are offering really good features to the traders.

Honestly I am doubtful as where should I begin because there are just too many offers and facilities from my broker that is great, so I am confused what to say and what not to, but I joined without even checking such stuff, as my first reason for joining their company was been so popular and also regulated.

It was a massive advantage and that was one of the reason behind my selection of my broker OctaFX, it’s one of the best brokers in the world with having low spread of 0.2 pip, high leverage up to 1.500 and even have low stop out level of just 15%, so all this is really excellent and the reason behind why I feel people join them.

I chose instaforex karean originally wanted to get a bonus posting useful for trading capital. By posting bonus then I can get capital for real trading account, so I can get trading experience. So I will be better prepared when trading with its own capital