I am looking for a broker with the following criteria:
-low or reasonable fees (spreads)
-Allowing as low as 1:1 leverage
-Using adjustable position sizes (so not lots, but say I want to invest 500 USD in sth without leverage they would allow it)
-Having good order types : Like trailing stops, aso
-Preferably being in the EU zone or regulated there
Please only respond if those criteria match (not just random tips of random brokers, that when I check out, meet none of the criteria )
So that’s it. If someone has feedback, would be great too.
If you’re wanting to hold sth with no leverage, you’re better off setting up a wallet or whatever to just buy it. A broker charges fairly big daily fees for those markets.
As for choosing a broker, anybody that’s regulated by a major regulatory body eg FCA
Somebody out there with a real answer
1 reasonable fees
2 low leverage
3 adjustable position sizes
4 nice order types
5 regulated in EU + maybe being linked to trading View
so specific criteria for a specific array of brokers
I’m a beginner in forex and am looking for a broker to start live trading, not sure how to choose a good broker that is reliable in live trading and provides education for newbies like me?
Without knowing more about what you’re looking for specifically, I’d still say CedarFX is a good one for beginners, mainly because it’s only a $10 minimum to sign up and they have low costs with no commission. Of course you should always do your own research.
I checked them out… Criteria 2 is not met: Their leverage is above average for all their products (20:1 for stocks compared to 5:1) There seems to be no rollover Positive or negative fee (so no carry trade).
Criteria 5 is also not met: Their regulation status is unclear.
I’d be pretty chuffed with 1:20 on stocks as they tend to have less daily range.
Non regulated can sometimes be a blessing in disguise. Less red tape to navigate.
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