What do you look for in a forex broker?
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  1. #1
    Join Date
    Mar 2017
    Posts
    1

    Default What do you look for in a forex broker?

    Hello dear traders,

    I am a newbie to Forex trading and was hoping to get advice from the slightly more experienced traders here as to what are the most important factors to be taking into account when searching for a good Forex broker?

    Is it the trading commissions/spreads? Another type of trading conditions? Available trading platforms? Popularity? Regulation? Any other factors?

    Thanks so much.

    GnG

  2. #2
    Join Date
    Jul 2015
    Posts
    65
    Regulation is mandatory.

    Good platform(s)
    Good spread/commission

  3. #3
    Join Date
    Feb 2016
    Posts
    165
    Quote Originally Posted by GnGEmpire View Post
    Hello dear traders,

    I am a newbie to Forex trading and was hoping to get advice from the slightly more experienced traders here as to what are the most important factors to be taking into account when searching for a good Forex broker?
    Hi there
    There are plenty of things that are important but you should also be aware of what you are looking for. My suggestions is to contact the brokers you are interested in and discuss some topics with them. In this thread, you might find some useful questions to ask.
    Cheers

  4. #4
    Join Date
    Jun 2015
    Posts
    6
    I believe that the broker`s reputation is very relevant. Of course, there are many advertisements while reading reviews about different brokers, but there are always truthful and unbiased comments of real users, which can be easily identified among advs. In addition, by the way, if the broker can offer a good popularization on websites it is not a bad sign!

  5. #5
    Join Date
    Oct 2014
    Posts
    2,713
    Avoid brokers who use gimmicks to attract clients.
    A good broker doesnt need to offer bonuses and the like.
    Also, check they are regulated in the country you live in. Cypriot, Belize, offshore regulation isnt worth the paper its written on

  6. #6
    Join Date
    Feb 2017
    Posts
    62
    Quote Originally Posted by eddieb View Post
    Avoid brokers who use gimmicks to attract clients.
    A good broker doesnt need to offer bonuses and the like.
    Also, check they are regulated in the country you live in. Cypriot, Belize, offshore regulation isnt worth the paper its written on
    Somewhat right. I believe we should very much look for quality broker and once we are good on that then just take whatever extra is there...

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