Im a new user but i have been reading on baby pips since i decided to start trading forex 2-4 weeks ago.
So i made a demo account and i managed to make 15% profit, so i decided to finally go live
And i would like to get your advice for a good and reliable broker
1.-Minimum deposit is not an issue since i plan to start with $1000 USD
2.-I do not live in the US so i have no problems with that
3.-It must be on the MT4 platform
4.-It’s preferable if it accepts PayPal/Skrill/Bitcoin (tough not needed)
5.-It would be awesome if it had a good website design
Also do you know if any broker works without giving ID?
I know it’s due to regulations but i don’t really feel comfortable giving my ID to some broker, but if it’s need and it’s a really good broker, i will do it
I have heard good things about OANDA, Forex4you and Fxopen but im not so sure about them (Also FXopen website seems too cluttered)
I also found Instaforex which accept a lot of withdrawal and deposit methods including bitcoin which is a big plus to me but im not sure about their reptutation
Also, could someone explain what an ECN account is and it’s benefits?