Hello guys. I am about to open an account with USGFX but I don’t know if anyone has an experience with them. The demo seems great and they have nice bonuses but I don’t know what the trading experience will be like. Thank you
broker choosing really a tough one , because when choosing a broker emotions work in practically and for that reason we take wrong decision most of the time above all the newcomers.
One should look at the trading costs, reliability of the broker and also its reviews online
Make sure its regulated by a proper regulator. Dont go for the one with bonuses. Make sure it’s a proper broker and compare the spreads between it and others.
What I know about this broker is that some time ago a group of angry Chinese clients of theirs ended up holding their employees hostage because they lost money trading forex and demanded the broker to return the money. All ended without anyone getting seriously hurt, thankfully. Whether the money were lost because the clients did not know how to trade properly or the broker scammed them is unclear.
right now most of the brokers are cutting their leverage ratio ,
any idea there is about this kind of news ?
traders should choose the broker who guarantee security of funds with exclusive technologies. also need a active and supportive customer services.
Ha Ha. Just finished that module of School of Pipsology this morning - it is just before the start of Elementary School. Broker types and choosing one. You will be well advised to read that first before jumping in to a specific broker. Look at the types, how they make their money, and most importantly, that they are authorized by a relevant legal body in our chosen country of jurisdiction. A bit like choosing any advisor - security should be the first consideration, not cost or bells and whistles
Choosing a good broker is very important for beginners in trading. You need a broker who will be interested in your development, not in pumping money out of them. When choosing a broker, I advise you to look at the foundation date and look at the reviews on different resources about them.
You may check the reviews at FPA, they don’t lie. Check the ratings. If the broker attends to negative reviews and solves the issues, it means they value their reputation. If you see series of negative reviews unattended, don’t use that broker.
This might seem that it is quite a challenging task to go for. Remember, always be realistic and follow your trading style- this way you can easily find a broker that will meet all your requirements. Compare the brokers based on your budget, style, and goals before investing anything on their platform. There are tons of brokers you can try- Oanda, Pepperstone, Ig, and FXView. You start with comparing them and create a demo account to know more about them and how they work. This will help you excel in the trading industry!