Do forex brokers actually want you to succeed?

[Kaymu]

There are some truly retarded answers here, let me give you the straight dope.

There are three types of brokers.

Bucket shop brokers - Are effectively trading against you, they call these “dealing desk” brokers, or try and hide what they are, but effectively these guys know that 90% of traders lose, so they get all your money by trading against you instead of a small fee. These are the brokers offering you bonuses for singing up, advertising on the internet, with many fake reviews. It’s a trap! If you manage to win, these guys will stall and stall about paying you out, they are mostly regulated in countries without much regulation.

Real ECN Brokers - The interbank FX market trades in 1 million dollar lots. These brokers perform a service for a fee, they buy and sell million dollar lots, and break it down into the small chunks retail traders need. Fees are low, but they make money whether you win or lose, so they have no dog in your fight. This is what the retail broker should be looking for.

Prime Brokers - This is what the hedge funds and banks and large private funds use. You need at least $5m and probably $20m in the real world to be using them. This is above my pay grade.



Few brokers I know is a legit ECN broker, they are financially stable, and generally have the best practice for not f*cking clients. You can get them here https://finowiz.com/ . A significant proportion of what I would regard as the “serious retail traders” use them.

[PapiaKhatunAsha]

No, many brokers are matrketmaker so they usually don't like to help their investors but yes some are really good like I am seeing FreshForex is helping their investors by highly expert analyst even they send daily market forcast via emial.

[maspluto]

the choice of a broker must be able to be considered properly by traders, this is done so that traders can become more leverage in improving their skills, profits, and experience to be better than before.

[Baz Dent]

Success doesn’t lie in enlarging lot size rather than in making average return. I want traders to take small lot in trading so that they can be benefited. This technique doesn’t work all the time so traders should keep earning knowledge constantly except for wasting time trading this way.

[Uncle Gober]

achieving success in forex is not an easy matter, this is done so that traders can be maximized in getting maximum trading security and comfort like what I got from Tickmill.

[Roly]

Forex trading sees the advantages and disadvantages that exist, we must improve the skills we have so that we know where to manage the trade properly and profitably

[Uncle Gober]

Existing trading skills must be able to be considered properly, this is done so that traders can be more leverage in getting maximum trading security and comfort like what I got from Tickmill.

[Uritron]

I don't know about this cause it's tough to know. However, it's wise idea to choose broker correctly and if anyone use signal then will be great like I am using Altcenter signal services for more than 5 years wehere almost everytime I am earning.

[Uncle Gober]

Brokers are very important in this forex trading. And as a trader, you really have to be really right in terms of choosing a broker, so that later you can help traders carry out trading comfortably and safely. This is also what I always get since joining the Tickmill broker.