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:
- Have low spreads
- have fast execution for trades
- Is a fully regulated broker.
- An easy to use trading platform. There are a few out there, MT4, MT5, cTrader. Some have their own in trading platform.
- 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.
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.
I recommend trading with FP Markets, an ASIC broker. It is also one of the oldest brokers active since 2005, with over 15 years of forex business experience.
Regarding reliability, I’ve been trading with it for over nine months, and so far, I have had no issues with withdrawals or servers freezing.
I think different traders probably have different ideas about what the best broker offers, but with that being said I think that CedarFX is a good choice for beginners for a few different reasons:
-Low minimum deposit ($10)
-Only two account types, one of which is 0 commission and low spreads with no need to make a large deposit to access those conditions
-No fees charged for withdrawals
-Customer support is easily accessible 24/7
That’s why it is advisable to thoroughly check a broker’s background to know whether it is reliable and trustworthy. Most of the brokers try to attract traders with their false no intervention promises. It’s better to carefully take this crucial decision.
Yes they are one of 3 that I use.
I started with EagleFX, they had low deposit of 10US which was perfect for getting a feel for live trading and they had 500:1 leverage so i could put decent size positions as i grew. I still use them now. They are very solid
Before choosing a broker, you may want to look at
- How much do you have to pay as minimum deposit?
- How long does withdrawal take?
- Is their spread competitive?
4How about commission?
5.Reputation
I have been trading with CedarFX for some months. They accept $10 as minimum deposit. They offer 0% commission. Their spread is not that lucrative. Combining 0% commission with spread works well for traders at the end. You may give them a try.
I’m in forex for 12 years and still can’t honestly recommend a broker. Do your research very thoroughly.