Regulated in St Vincent!
Good luck with that
First of all, your broker must be reliable. Find information on how long the company is on the market, take an interest in customer reviews [Removed for Forums Policy violation] in various forums and look through the blacklists of Forex companies. However, it is necessary to learn how to distinguish the testimonials of live customers from registered customers. Recently it has been noticed, for example, that on many forums write: âFxgtrade - scamâ, âForex Club - divorceâ and similar things. But! Usually, customized feedback is easily distinguished from the present, you only need to pass it through the prism of logic and common sense.
What kind of a broker are you looking for? Do you want an offshore forex broker or an ordinary broker?
Can I ask whatâs important for you in a broker?
Is it just about low spreads and security of funds?
Iâve just started working for a broker on the sales desk and am keen to understand whatâs important. I wonât mention the name of the broker because Iâm not looking to advertise, but genuinely interested to know how best to service traders from the brokers side.
Hello sir. Can you advise what we should look for?
Thank you
I am with a broker that has the best trading facilities. That is the reason I have gotten into MaximusFx broker. It has trading platform with exhibit day development. It doesnât influence any imposter candles to like various others broker. It doesnât requote while presenting the demand not even in surge hour. Whatâs more it has enabled robot trading in their platform. I am truly content with the broker.
You must be the only satisfied client, looking at reviews elsewhere.
Try to use Amarkets broker. I guess iâll be satisfied 
Try free demo account to see all preferences of this broker
Another one âregulatedâ in St Vincent
I havenât got a broker yet. The more I read about them the less I trust them
Correct. Better try yourself not in trading but in oter spheres
Brokers are firms that provide the traders with the platform to excahnge foreign currencies. There are many famous brokers in the world. A few of them are Hotforex, XM, IC Markets, Exness (cy) Limited, Global Prime Pty Ltd, FxPro Financial Services Ltd, etc. I hope i am right.
I see many brokers come from Cyprus, any reason?
Low costs, flat tax rate for business and loose local regulation. Itâs all about money.
Cyprus has one of the lowest tax rates (plus itâs a flat 10%, if I am not mistaken) in Europe. On top of that their regulation is made so that itâs quite easy to open a company and register it as a business.
On top of that they are a part of the EU, so companies don`t have to pay the Non-EU member taxes that a company from letâs say USA would have to pay in order to deal in the European Union.
Another thing is that Cyprus has two main sources of income - tourism and businesses (mainly brokerages), this is why they strive to make themselves as accomodating and business friendly as possible.
The Exact definition for a broker would be this:
A broker is a firm that charges a fee or commission for executing buy and sell orders submitted by an investor/trader. They provide access to Liquidity providers for executing trade orders from their trading platforms.
Hey! So if you are looking for a good broker than go to exclusivecapital.com.
They are 100% Mifid 2 Compliant and ESMA regulated
They are regulated by Cysec and based in Ciprus.
They have 100% segregated bank accounts which is connected to your trading account, which means they hold their clients money on seperate accounts from the funds of the firm, so they canât touch their clients money by law.
I have been trading with them for the last couple a of months and Iâm delighted with their service.
First of all when I first clicked on their website I used their live-chat regarding for information. There customer service is very helpful and fast. Within seconds I got somebody who helped me and answered every question I had. If you donât believe it just go to their website and try it for yourself, itâs worth it. I opened a Standard account and they helped me through the process. Once I had some chart issues on MetaTrader 5 and they helped me solve it through TeamViewer.
With the Standard account you have $3/per side commission but spreads as low as 0.2 pips.There spread on EURUSD can be between 0.2 and 0.5 pips.
They had a traderâs seminar in Budapest two weeks ago which I attended and it was really good I think. One of their analysts held a 1 hour seminarium where he was speaking about his strategy which is based on Elliott waves. There was also a 1 hour talk about geopolitical events which happened in the past weeks and their effects on the economy. The whole event took place at Kempinski hotel which is one of the best In Budapest. They said they want to make more seminariums in the future to help their clients to be better traders.
Only con for me is that they donât have a MetaTrader 4 right now, but they are working on it and it will be available next week they said.
Signal providers take over and do the âdirtyâ work in tradersâ stead. The signals they deliver are their âproductsâ and if acted upon properly, this product does indeed work.
I had started a thread few weeks back citing reviews from around the web and this forum. You can refer the link here
hope it helps you in your search