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  1. #1
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    Default How do I know which one is the best forex broker?

    First - always start with the platform of choice and features/add-ons/EAs that you’ll be using.
    This should narrow down the number of brokerage agencies a bit.
    Once that’s clear - time to look at the broker.
    If you want to share your Forex Reviews then can take a look at https://www.forexprotect.com/




    1. Regulated - Must be regulated with at least one big regulator. Always check with the regulator if that broker is indeed regulated or is just registered.
    2. Spreads, fees and commissions (contract specifications) - depending on the type of trading strategy this (spreads) might not be a factor for some.
    3. Account specifications - types of accounts, how to fund it, minimum amounts for funding and withdrawals and timeframes required for the transactions to go through. Also, the different ways you can fund and withdraw are important (bank transfer, card payments, payment providers like Skrill, for example)
    4. Order execution - DMA/STP is essential but these days every broker will claim that and it’s a bit tricky to pin down until you’ve actually started a live account. One thing that you can do to determine if the broker is a genuine DMA/STP provider is to ask for a post-trade report (also called post-trade transparency report) - if they can provide you with such a report you can then see for yourself if the execution times are delayed at any point of the process.
      Again, it’s almost impossible to verify this point without a funded live trading account!
    5. No Dealing Desk - The market is hard enough to navigate without having to trade against your broker. This one is kind of explained in the point above.
    6. Negative balance protection - self-explanatory
    7. Online reviews and community feedback for the broker - want to take some time to research what your friends, colleagues and the internet in general and trading communities have to say about this particular broker.
    8. The broker has been operating for at least 5 years.
    9. Is Automated/Algorithmic and High-Frequency Trading (HFT) allowed - if not this could be a signal for internal issues and system/platform problems within the broker’s structure and potential trading and security vulnerabilities. If a broker’s systems can’t handle a high volume of trades that means his servers and systems are not good enough and thus may become an issue for all traders using his services.
      10 Last but not least - Support response speed and knowledgeability. - You want a broker who has the support desk that will get involved with your issues and requests as fast as possible.


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  3. #2
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    The broker must be the best one where we choose so we can feel where trading is safe, comfortable. Initially where I tried to choose Instaforex broker, but in my own opinion where the broker is still a lot of problems so that where the trading can not last long

  4. #3
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    In Forex market there are different types of Forex brokers such as – STP, ECN and Market makers. From the very beginning in my trading life I am much comfortable with the STP broker named Forex4you. Because it is the best broker. Actually they allow all types of trading styles and gives necessary services. From this true STP trading broker I have lowest trading spread, smart bridge technology, fastest and smooth and error free trade execution support etc.

  5. #4
    Senior Investor Uncle Gober's Avatar
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    broker selection must be able to be considered properly, this is needed and needed so that traders can become better and can get more leverage in securing trading security and comfort while on a Tickmill real account.

  6. #5
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    Choosing a good broker is not an easy task in this market. There are so many scam or fake brokers in the forex market. If you are new in this market, you should choose that kind of broker who can teach you all the basics of forex like low spreads, high leverage and many more things.
    I am trading with TP Global FX. I choose them because they give me low spreads which is 0.01 pips. Their leverage is higher than many other brokers in the market. You can also try their demo account to know about their trading style. They have 56 pairs of FX. Overall, I like them for their all facilities and easy trading method.

  7. #6
    Investor maspluto's Avatar
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    Tickmill provides many facilities and promo programs that can be utilized, there are demo accounts and educational programs to improve existing skills and experience, and rebate promos to increase profits well.

  8. #7
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    Choosing a broker is a tough task. There are some good brokers and some bad brokers in the forex market. It is very important to choose a good broker for trading in forex market. Good broker can be identified by some of their basic features such as, their leverage system, spread system, customer service etc. I use Tpglobalfx. They provide low spreads start from 0.01 pips. their highest leverage is 1:500 which sounds good in forex market. They also provide me 24 X 5 customer service, if i have faced any problem. They are really good broker in forex market.

  9. #8
    Senior Investor Uncle Gober's Avatar
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    the selection of the existing broker must be able to be considered properly, this is needed and needed so that traders can be more leverage in getting the security and comfort of trading in accordance with expectations together with Tickmill.

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