What are the most important factors when choosing a Broker? - Page 5
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  1. #41
    Brokers offer different features and has different advantages and so choosing a broker is not an easy thing. Good broker should have a good reputation and offer easy to use trading platform. Try as much as you can to carryout a thorough research until you find the one that suits you trading style and purpose.

  2. #42
    Join Date
    Sep 2014
    Location
    forexlord.com
    Posts
    13
    I would say to check out conditions firstly. Since the broker might just does not have something you will need. Then find more about the reputation. But you should be carefull about the clients comments. I have noticed that people most likely be happy to share negative then positive, this may lead to the situation that you might think that there are just negative moment about the company.
    And support service, how they deal with the clients. This is important I think.

  3. #43
    Join Date
    Aug 2015
    Posts
    19
    [QUOTE=SeanFX;44]I use CMS right now and I love their charting software, but they can be unstable. Sometimes they crash and i can't enter orders in, so i think i'm going to look for a new broker. what should i be looking for in a broker? any recommendations would be greatly appreciated![/QUOTE

    I would recommend you find a user friendly/reliable trading platform and consider the spreads been offered by the broker and ,Test with their demo account first and then make your decision

  4. #44
    hello
    choosing a good forex broker is a delicate task. I always choose a highly regulated broker, which offers a good solid platform of good trading tools, unlimited demo account, low spreads, fast executions, a good customer service in case of trouble more.

  5. #45
    Join Date
    Oct 2011
    Posts
    153
    Nice George, you can also consider their past records for choosing the best broker. I have changed many broker previously as they were not earning up to the mark. But when I found my current Broker, I have earned a lot and still earning.

  6. #46
    Join Date
    Oct 2013
    Location
    indonesia-medan
    Posts
    59
    Many traders join in Newforex and Liteforex, many interesting and trusting services from them.
    In Liteforex, I've been join with them for many years.

  7. #47
    Join Date
    Dec 2015
    Posts
    285
    There are many factors at play when you're choosing a new broker. First and foremost that broker has to be licensed and authorized to work in the country in question, and finding one can sometimes be tricky -I've often heard of brokers which lie on their own sites about being authorized, and then it turns out they're not. Apart from this, I for one prefer a broker that offers low spreads (that don't increase, or at the very least don't increase too much during high impact news), good customer support, quick money transfers, etc.

    Sometimes the process of finding such a suitable broker takes quite a while, up to a few months even.

  8. #48
    agree with you
    tried several brokers on internet, some of them , satisfied me with their trading conditions, but took too long in withdrawal process
    some of them , proceed my withdrawal very fast,but comes with bad term of services.

    and because i am retail traders, i am stick with Tickmill because for a retail offshore broker, they are just right for me with their good trading conditions,

    well if you have find a broker that you can trust, stick with them forever untill they change their quality

  9. #49
    Join Date
    Dec 2015
    Posts
    250
    Quote Originally Posted by mlawson71 View Post
    There are many factors at play when you're choosing a new broker. First and foremost that broker has to be licensed and authorized to work in the country in question, and finding one can sometimes be tricky -I've often heard of brokers which lie on their own sites about being authorized, and then it turns out they're not. Apart from this, I for one prefer a broker that offers low spreads (that don't increase, or at the very least don't increase too much during high impact news), good customer support, quick money transfers, etc.

    Sometimes the process of finding such a suitable broker takes quite a while, up to a few months even.
    Frankly, I never understood why brokers bother to lie about this. Information about who is authorized and who isn't is widely available, someone is bound to notice the discrepancy sooner or later. I suppose they're counting on total newbies not to realize what is going on. I confess that as a newbie it didn't occur to me to check such things, but I learned my lesson very quickly.

  10. #50
    Join Date
    Dec 2015
    Posts
    285
    There are always gullible individuals that can be ripped off. Forex trading is becoming more and more popular, so the influx of potential victims is ever increasing, unfortunately.The FCA even reports that the amount of scam alerts has risen sharply lately, which isn't surprising, but is still very worrying. People need to be really careful when they pick a broker.

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