Best forex broker for new trader

hi all
I am learning about forex trading and looking for a best forex trader.recently, I joined etoro.com.
do you think etoro is a good broker or not.please advise me .
thanks.

I have been using dbfx for a year and it’s all good so far :slight_smile:

Hello,

I think its OK for newbie. I read some good reviews about them and I guess you will do just fine. If your comfortable with them and you happen to have no problem with money remittances then maybe its worth using their platform then.

If you are just learning you want to go with a broker that has mini accounts or micro accounts. Or a broker like Oanda that allows flexible position sizing. That way you can trade small contract sizes while you learn how to trade.

Etoro is doing good this year. I recommend trying out their demo account and check their OpenBook system. Good luck.


You’re never a loser until you quit trying.

as you’ve said… you are a newbie, and before you start thinking brokers! start with learning forex, the broker can come later :slight_smile: I mean, go through babypips school. learn the basics, most/all brokers offer demo accounts, look for brokers that might have and office in your country thats a good start, stick with ECN brokers dont join market makers… and best of luck to you my friend :slight_smile:

i started using ITCFX with a 30 day protected account, better then a demo account because im actually trading but with the knowing i cant loose any money, i also have a one on one account manager that is helping and teaching me along the way, couldnt really as for any better!

i find these traders have something to hide, they won’t definitely tell you everything that they know…maybe not all, i think.

I wouldnt say something to hide, but every broker has there catch, it depends if there working with you or againgst you to make there money. So far so good where i have started

Who is this broker ?? Never heard about ITC until today.
One or two months not enough to judge a broker. It may take some time.

i hadnt heard of them before either, there Germany Based, i can only reccomend

I try etoro.com its a good trading site. and best I know…

They are good for newbies. And you can take advantage of their OpenBook system where you can copy a trader in real time.

I have never tried Etoro (I’m trading with Hotforex and have tried Exness, Robo). But I consider Etoro as a good broker after passing some Forex forums.

I think hotforex, Gallant,FXCM,Exness are very good brokers for beginner traders.

For starters I won’t name any broker but you should see for some good properties in that broker about withdrawing time duration and spreads and also for having good live support. That should do it.

ITCFX BROKER ,Nessuna autorizzazione,DA EVITARE come……LA PESTE!!!
Ho aperto un conto Live con ITCFX con 1000$,dopo un periodo di trading ho raggiunto la cifra di 5200$.
Ho richiesto il ritiro dei mie 1000$ e dopo mille difficolta’ sono riuscito a ottenere il rimborso del capitale versato.Il giorno seguente ho aperto la piattaforma e…sorpresa!!!il conto era completamente azzerato,
si erano”rubati” il resto di 4200$!!!
Conclusione:non fatevi abbindolare dal bel sito,dalla gentile signorina in “live chat”che parla italiano,dai bonus che vi offrono senza spiegarvi i vincoli,dai numeri di telefono pubblicizzati nel sito(tutti call centers).
Non hanno nessuna autorizzazione ad operare,nemmeno nelle Isole Vergini dove dicono di avere la sede.
Chi desidera avere prove tangibili di cio’ che affermo mi puo’ contattare,posso fare nomi e cognomi delle persone(???)con le quali ho avuto contatti.

i’m planning to join… Hot forex.com, i got some review and some information about them. kind;y advice if it is ok. and advice what leverage is best to start with and what capital?

How did you find your brokers? do you have lists of non-registered brokers as well?
please help a fellow newb :slight_smile: