Finding a trusted Broker

[NeverRun]

How do you guys get to choose a decent,reliable and trustworthy brokers for your trading? I was beyond taken aback when I read some shocking and unbelievable comments from traders who got screwed/scammed by well-known brokers, like etoro,forex.com, to name but just a few. The major complaints were, slippage, trading against them, couldnt withdraw their money, frozen platforms when there is a chance of winning, etc. My question now is ,how do I get to choose a trusted one, if/when Im ready to start trading?

[Aidobeast]

Find one regulated in your district. Most bad reviews are bad reviews. Do any of these reviews have any proof to back their claims up? Not saying it doesn’t happen. But consider this.

A broker makes its money from the trades you make - good or bad. They would rather you stay and make good trades than go against you to make you fail.

One person cry’s scam for (insert reason) probably just an angry newbie. When lots of people cry scam (with proof) then you have reason to suspect.

End of the day go with something that’s reputable and been standing along time and you should be fine

[bradley79]

There’s a number of threads with this question.
Take a look around (use the search) and you’ll find your answers.

What do you look for in a broker | How do you decide?

First - always start with the platform of choice and features/add-ons/EAs that you'll be using. This should narrow down the number of brokerage agencies a bit. Once that's clear - time to look at the broker. 1. Regulated - Must be regulated with at least one big regulator. - Always check with the regulator if that broker is indeed regulated or is just registered. 2. Spreads, fees and commissions (contract specifications) - depending on the type of trading strategy this (spreads) might not …

[eddieb]

You could start here

Newbies Guide To Becoming A Forex Trader

How To Choose A Broker Unashamedly copied and pasted from Babypips "Tools" section How to Choose a Forex Broker With so many different choices out there, how does a Forex "newbie" pick a broker? Chances are most new traders have no idea on where to start - and that's okay! We're here to help! We have put together a simple three step process to heklp you find a broker that YOU think will best suit YOUR needs. You might be thinking now, "Three steps? That's it?" Yesssiirrrr…

[NeverRun]

Thanks a lot,much appreciated. Sometimes ,Its hard to dispute the veracity of it, especially with so many people complaining about the same thing. Im based here in Japan and you can believe I was told years when I wanted to learn and trade with a brokering company here in Fukuoka that they cant help because I cant read kanji.A local friend introduced me to one and he never returned my call.