Hi All I would prefer to pay a commission for each trade (rather than have a tight spread) - I have read that an ECN broker can facilitate this. Does anyone know of such a broker in the UK for a newbie?
There are a lot of brokers to choose from and a lot of members will suggest different brokers. I will not be suggesting an ECN broker, but here’s a lesson in the School of Pipsology for checking if a broker is legit to help you out.
Most brokers are ECN these days with variable spreads
@Pipzilla thanks! will check out the Pipsology page
@Glastonburyk thanks! I am looking for an ECN commission broker (i.e they take a commission for each trade instead of tight spreads) - any suggestions?
You can check out this thread: List of best regulated brokers
I am based over in Australia and have started using off shore brokers since the new regulations came in. Over here they cap the leverage to 1:30 now. I can tell you that regulations and regulated brokers aren’t all they seem, don’t fall for the ‘your money is safe with a regulated broker spiel’. No shortage of people have lost out to them. If you think that regulations are there to protect your capital, you are mistaken.
The other main reason I prefer FP Markets is their reliable customer service, who quickly solve issues and reply to queries through live chats & emails.
You can try Hotforex is has FCA license so should fit the bill
Yea bro just google it and choose what’s best for you