Best broker for a begginer

Can anyone suggest an older broker that has been active in this business for ten years or more because I’m a beginner and i feel experienced broker are much more reliable?

Since I’m from Australia an ASIC regulated broker would be suitable to start live trading.

I recommend FP Markets since it is regulated by ASIC and has been active for over 15 years, making it one of the trusted broker to trade.

I started trading with FP Markets when I was a beginner, and their customer service dedicated person helped me during the initial stage and solved many forex related queries.

This is definitely one common name among brokers, I was wondering are they suitable for scalping? I mean what do you have to say about their spreads?

I’m a beginner, and I trade with FP Markets using their Raw account. Since it’s regulated by ASIC and has over 15 years of experience in the forex business, I find it much more reliable than other brokers.

Regarding trading experience spreads and commission are lower, I did not face any issues like sever freezing or widening of spreads till date.

I think theres a review section on baby pips

I personally recommend FP Markets. It is regulated by ASIC and also one of the oldest brokers active since 2005.

Regarding their trading conditions, It is surprisingly good, the spreads are tighter, and commission costs are lower than other ECN brokers.

I have changed many brokers since I started trading. My last broker was Oanda and then I switched to Turnkey forex. Oanda was working fine for me but it provides leverage only up to 50x so that is the reason I shifted to Turnkey Forex because I wanted to trade with a higher leverage. Also, Turnkey forex provides me MT5 to trade on.

I am currently using Oanda, Pepperstone and Turnkey forex. I personally prefer Turnkey forex mainly because it allows you to begin trading even with $10. Their commission is also very low on ECN account which is just $2 per lot.They provide leverage upto 500x but I prefer to use 1:200 leverage for all my trades…

be aware of m4markets
this is scam
do not withdraw funds

You can try XTB, ■■■■■■■ and etoro. I have used them in my trading experience and they are the finest in the market that are dedicated to their clients with compact spreads, low commissions , high leverages, fast trade execution and easy navigable websites. I am pretty sure one of them would suit you well.

Since you are beginner so it is crucial to choose a broker with low commission followed by lower spreads so that you can make more profits rather than spending more. You can definitely use CMC markets, Turnkey forex and Etoro. Their commission is lower than many other brokers and they offer a good range of instruments.

Moneta Markets has been all the hype here in our country lately. Where are you located, btw? They have a very user-friendly trading platform, so I think it’s really good for beginners. Check their website and see if they also cater to your country

If you are looking for a good broker, I suggest shopping around for ones:

  1. Have low spreads
  2. have fast execution for trades
  3. Is a fully regulated broker.
  4. An easy to use trading platform. There are a few out there, MT4, MT5, cTrader. Some have their own in trading platform.
  5. Broker is an ECN or STP broker. Make sure they are not dealing desk brokers, as there would be a conflict of interest, and they will want traders to lose in order for them to earn money,

Try opening a demo account on a few different brokers to test this out, as each one will be slightly different.

Any broker with a low minimum balance requirement, such as hankotrade will be good. So you can practice in a live environment with even $10. This will help you gain experience in a live trading environment.

I recommend reading our lesson, How to Choose a Broker.

You should try differnent brokers and not stick to just one since you are a beginner and you don’t have much knowledge about it. Always go for a broker which offers low spreads, low commission and less minimum deposit. If you think it can be overwhelming to go for multiple brokers, then you can choose from XM, FXTM an [removed for forums violation] Forex

Since you are a beginner so you should go for a broker which provides low commission, low spreads and which also accepts low deposits so that you don’t have to risk too much. You can definitely try [removed for forums violation] forex, eToro and Avatrade since it fulfills all the above requirement. You can even create a demo account with them to check their platform.

the one withgreat trading condition and regulation

As a beginner, a broker from Amarkets seemed to me a very good option. For me, the main advantages were the availability of a free demo mode, which became an excellent mode for learning, and also the presence of a cent account.

No perfect broker out there but at least, every trader need a genuine or decent broker that never manipulate the price to win against their traders.