I care much more about kind of broker, execution, withdraw fees, spread and commission.
it affects your trade directly.
Doing research about brokers and I found out that every broker is the same. the important is how you trade. I opened a live account and burned my money in a couple of weeks. Now I have to begin again, this time, more be careful. I thought I should go with a bonus account to avoid wasting my money and could earn money if I’m good enough.I choose Tickmill among many brokers, still trading with 30$ of capital. if I lose again, I’ll go for other brokers that provide bonus account. I have to keep my money first before thinking about earning.
I use oanda! Have been using them for a long time. So far, no issues and I’m quite happy!
Are there any others who can advise us, newbies, for reliable forex brokers?
I guess firstly it depends on account conditions, such as minimal deposits, spread, possible leverage, etc. Secondly, you should be aimed at your strategy, intraday, scalping, med- or long-term trading, currency pairs. And don’t forget to take execution speed into account while choosing. Bear in mind that it is not similar on demos and real accounts.
Look at the broker comparison guidein the Tools section.
Before this, study at the school.
just find a good broker with at least good customer care service that can help you in solving your problems and also a broker who has been in the industry for some years and very experienced.
The reason i chose not to work with Octafx is that they have minimum deposit while some brokers dont have minimum deposit.