Thread: What should you consider when choosing a broker?

Do your research before choosing a broker. Here’s a list of some of the most important considerations:

1. Is the broker legal in your jurisdiction? (Some countries like the US and India have, in their wisdom, decided to limit your choice.)
2. Is the broker properly regulated? The most trusted regulators are the UK, Switzerland, Australia, New Zealand and, despite some egregious failures, the USA. Avoid unregulated brokers or any “regulator” based on a small offshore island.
3. Does the broker offer good liquidity, spreads and execution?Compare spreads, and if you have any ambitions to scale, research the depth of their book and the speed and reliability of their order execution.
4. Does the broker offer a suitable trading platform and/or API? MT4 may be the standard, but it has some pretty glaring weaknesses, particularly for serious automated trading. A small number of brokers offer more powerful and flexible alternatives, and an even smaller number offer powerful APIs for serious automated trading.
5. Does the broker offer a competitive fee structure? You can save a lot of money by comparing costs.
6. Can you afford the minimum deposit? Many of the more professional brokers set quite a high minimum compared to the mass-market retail brokers.
7. Does the broker offer decent customer service and technical support? I suggest testing them out with a couple of pre-sales questions to see how they respond.

Btw, wanna learn about world’s largest True ECN forex broker, operating since 2007.

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Leverage is much important topic to me when choosing a broker because higher leverage helps us to make huge profit rapidly in Forex trading. But another thing is that higher leverage contains high risk also. This is why I select Forex4you who is trusted broker for all types of traders. They give me higher leverage 1:1000 that support me to earn huge profit rapidly. I am now trading very profitably and comfortably because they also give risk management.

Traders opinion about this topic is relative, but in my opinion, spreads is everything, trading with a broker with very low spreads is very valuable. It will save you the stress when you are a scalper, Brokers such as FreshForex are known for having very low spreads!

hat's why traders must be able to do training and learning well, this is needed so that traders can become more leverage in improving existing trading skills better than before.

When it comes to choose a broker, everything right from the spread to commission is important. Leverage plays an important role too, but then it depends on how one uses it. Many brokers does lot of market price manipulations too, one must be aware of that too.

My priority is about regulation and proper one because that’s the way through which one can get the required comfort and ease for working. I have great comfort working with Alpari, as they are properly licensed and have highly smooth structure to help me work nicely.

But I did not selected them randomly, instead I did complete research, and thanks to FXList with their https://fx-list.com/broker/alpari review, I was able to get all information. But even comparing has become so easy through them which further confirmed that Alpari was ideal pick form e.

the use of broker regulation must be able to be considered well, this is needed so that traders can get better and be more maximal in getting security and comfort when trading in a real account.

Originally Posted by Beau Casson

My priority is about regulation and proper one because that’s the way through which one can get the required comfort and ease for working. I have great comfort working with Alpari, as they are properly licensed and have highly smooth structure to help me work nicely.

But I did not selected them randomly, instead I did complete research, and thanks to FXList with their https://fx-list.com/broker/alpari review, I was able to get all information. But even comparing has become so easy through them which further confirmed that Alpari was ideal pick form e.

I tried trading binary with Alpari before but after then I moved to FreshForex for forex trading. I think this is okay.

Originally Posted by Beau Casson

My priority is about regulation and proper one because that’s the way through which one can get the required comfort and ease for working. I have great comfort working with Alpari, as they are properly licensed and have highly smooth structure to help me work nicely.

But I did not selected them randomly, instead I did complete research, and thanks to FXList with their https://fx-list.com/broker/alpari review, I was able to get all information. But even comparing has become so easy through them which further confirmed that Alpari was ideal pick form e.

I tried trading binary with Alpari before but after then I moved to FreshForex for forex trading. I think this is okay.

Limit orders are placed in an order book until the deal is either executed or canceled. To take advantage of this highly liquid market you should do forex trading with BPRIMES forex broker. In the foreign exchange industry, dealers can either make or take liquidity. Liquidity is made via a limit order, in which the dealer is willing to buy or sell at a predetermined price and in a specified quantity.