Hi
I want to start trading
I just dont know what forex broker to use and if I will get scamed.
What is the best forex broker I can make use of?
The best broker is quite a question my friend! Your decision for a broker will highly depend on what exactly you’re looking for. You could be trying to open an account with $50 just to play around, or open an account with $2M (!!) because you’re rich, or… None of which we know.
My suggestion would be to head over to this site. On there you’ll see a search engine. You can basically choose any parameters you need/want/require for your broker and press “search” and it will come up with a list of brokers that suit you. It’s a great tool that I’ve used myself many times, not only for brokers.
Good luck!
I hope you are seeing some advertisements by the brokers in this page too…
They (1/2 of them) are not bad, just check their review page on this forums to know a bit more about them.
You’ll see re-occurring brokers mentioned in various threads on here (over time you’ll see who is thought of in a good light & who isn’t) & in the tools section of the BabyPips site, there’s a Broker Comparison tool to help you narrow down your search.
Your broker should have a good repute in market. You can check their rating and reliability on internet. Do work on their demo to see how they deal in forex . You will know their terms and find what suits you better. You are free to work with any broker , my advice is to invest a a little with them if you are satisfied then do more .
Same with Master Forex IB. To me, all the big brokers are the same, especially if your account isn’t very big. Might as well stick with the big ones. They’re less likely to run away with your money. 
Hey GJ! I chose my forex broker based on this guide that babypips has here: Forex Brokers Guide - BabyPips.com. Check it out, it may be able to help you too!
I’ve tried out citifx and oanda. citifx was a friend’s account, I didn’t quite like the platform so much, but thats just my personal opinion.
I used oanda for my own account. easy funding and withdrawal process. for the most part, pretty easy to use and monitor.
Oanda is indeed pretty popular with the newbies. They have a web platform as well as an MT4 one.
I think we can not trade in Forex without a broker but we should choose a good reputable and reliable regulated broker. There are many good brokers in the market and you can choose on of them.
On coming into the market, you need the best of caution and diligence to avoid scams. The first feature you should look for in a broker is his transparency and reliability. This is highly delicate and stressful however important. The market is the most liquid, yes. Yet it is not the most moral. As even regulated brokers turn up market makers practically even with bucketshop tactics. We are thereby forced into admitting that even this transparency of a broker is an identity not totally borrowed from their regulation as even some offshore brokers are necessarily transparent with flexible, competitive trading conditions. What therefore matters on your part is due diligence and calculated caution.
I’ve seen talk about brokers that scam you in different ways, delying orders, not letting you withdraw, that they want you to lose money and work to make that happen…
Makes me worried and it was not easy for me to try and pick a broker.
How common are these scumbag brokers? Should I be worried?
Selecting the right broker is the single most challenging task for all, but that’s for others not me. It is because of proper research and it is not really tough if we are sensible. I usually look for Broker Comparison available at top sites, that are handled by highly qualified team of experts which help you out with laying out proper comparison, and therefore we can easily work out things in terms of right broker selection.
Hello Visser, according to my trading experience, I think we the traders actually have to trade in regulated trading broker which guarantee their clients funds. Practically, real regulated trading broker does not restrict any kinds of trading techniques and they always make sure security of funds with certainly, low transaction cost, easy withdrawal system without long time process and much more real trading facilities.
Hi I’m new to forex my friend has a agent he is using and he’s making alot of money!!! the agent uses avatrade is this broker trustworthy??? Also can this agent get me in debt with avatrade?? I no he could lose the money in my account but could he make it so I was in debt with avatrade something to do with leverage
It’s understandable, and all of them say that they are reputable and reliable. But how can I know about their reliability without trading with them?
Listen to others advice?
At least you should ask Wiki (notable companies have articles there) and Google. There are lots of sites with reviews you can trust. Some of them accept only reviews with real proofs. You can be sure that it was written by real traders.
And if you see on the brokers site info about regulation and liquidity provider, it’s one more plus to them.
When choosing a good and reliable broker, it’s important to make sure the one you choose is safe and the best fit for your trading needs. Since they are not made equal, there are critical factors to put into consideration when choosing a reliable broker. For me, proper regulation is one of the most important factors to consider. Choose brokers that are regulated. They are usually mandated by specialist agencies to follow measures set out by them. Another factor to be considered is finding a forex broker whose trade execution practices are excellent. You can tell how good they are from the rating done by real customers. You should also look out for the broker’s trading platform. If his softwares are powered by Webtrader or MetaTrader, then its worth your time.
Hello to everyone. I am a newbie here and in Forex overall. Just started improving my trading skills, watching useful videos and reading some online notes. The question is whether it is a good idea to open different demo accounts with different broker in order to compare them?