Hi, I am masterlee33067
Since I am so new to the forex market and I have been trading stocks and would like to make a change with a new system that I have created so far seems working very well with demo in the forex market. before I take it live with a 10k account. can anybody tell me which broker that is very honest and reliable? with a very minimum spread.
I have read that forexpro is very cheap. are they honest and reliable. can some one give me a few reliable and honest and charge a very minimum spread broker list?
Ps… I need a broker that allows MT4.
Thank you I will appreciate a quick response.
If you want a US broker, make sure that they’re regulated by the NFA (National Futures Organization). The NFA requires brokers to have a certain amount of own capital, check to make sure the broker you choose fulfills these capital requirements. The capital reported by the brokers in the US can be found here: Financial Data for FCMs
Since you want a MT4 broker, some of the big ones in the US would be: IBFX, Forex.com aka GAIN capital, MB Trading
In the UK you might consider FXCM (US company but they only offer MT4 through their UK division), Alpari or ODL.
All these are big well known and regulated brokers and you should be fine with any of them. As for the spread I don’t know exactly how they compare to each other, but that’s easy to check on their websites or even by opening a demo account and watch/compare the typical spreads for a while