Put more focus on your strategies and you’ll cultivate at least one good one over time. Search for a broker with good trading tools so it can help you trade in a better way. You can try Fxview or Etoro. I find their automated and analytical features to be pretty good especially for beginners. Their charges are less and the customer support system is also cooperative.
I don’t think there are any regulated brokers who don’t charge any commission. It is always better to trade with a regulated broker at least they don’t charge any hidden fee.
Start demo trading through the brokers. It is a good way to know which brokers have the best services.
You can also look for a broker whose trading platforms are good and are easy to use. Trust me it helps alot while trading.
I would never suggest going for a non-commission broker. You end up paying more than you would have paid otherwise. They have many hidden costs that add up during the payments that you make to your broker in the name of charges and fees.
You won’t get to know much about a broker if you don’t use them. Everyone will share their own experiences that may or may not be relevant to you. Demo accounts and micro accounts are a way to go to find the right kind of broker for your needs without having to risk a lot of money.
You won’t ever be able to find a broker that offers everything you need. This is the reason why I trade with hotforex, admiral markets, and activtrades at a time so that I can take advantage of the market in every way possible.
As it is about choosing a broker and risking your money, take your time because a bad decision can be costly. Brokers offering robust resources will handle your money with care even if you open a small account.
It has never been about using a regulated or unregulated broker. All I care about are the good trading conditions, reasonable spreads, low commissions, and customizable trading platforms like the ones offered by Pepperstone and Fxview. As you also know, what you are looking for, consider demo trading with different brokers until you find the most suitable one that you can risk your money with.
Well yes, that’s way too high. But there are many good brokers out there who are charging less than this. My broker is just charging $2 commission and has very low spreads.
Which broker would this be?
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Yes, both have very low spreads on major pairs.
That should work, I am only looking at trading majors. Maybe I’ll try their demo account. Thanks
Aren’t demo accounts rigged?
@Harlenia that’s certainly not true about all the brokers but there are many who actually rig their demo accounts. There might be chances that you’d end up slipping on the entries and exits during the volatile periods.
I don’t think there are any regulated brokers who don’t charge any commission. You need to pay some kind of commission in order to trade
And that’s the case with the non-regulated ones. Quite a common practice with them.
Regulated or non-regulated, demo trading is a big no for me and a total waste of time.
I’ve heard about turnkeyforex, but is coinexx also a forex trading platform ?
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Trading secret 1: If a broker is not charging you commission, then he is charging you on spreads. And if the broker is providing low spreads, then he will surely charge you some commission. Since you have already have had a bad experience with the spreads of the broker, my suggestion will be that you go with a broker that provides decent spreads while charging you minimal commission. And trust me, after bring in trading for almost 6 years, I can say that there is no difference between a regulated and a regulated one when it comes to price manipulation. I have experienced closure of my trades when the price was going in my favour with a regulated broker.
Coming to recommendation, I will only suggest Oanda, Coinexx and Turnkey Forex to you. And if I have to recommend just one, then definitely Turnkey Forex. It provides Commission free account as well as spread based account. Also, they provide mini lots. stop loss, etc as asked by you in the question.