For a few years now, Fxview has been the go to for low-cost trading. They charge zero commissions, and their spreads are super tight. It’s really helped me keep my trading costs down.
Any other option? Hotforex?
I used to trade with them but it got hard to manage both accounts. So kept 1. Depends on your experience actually. Everyone has a different journey. Mine with hfm was good. Rest best to test and choose.
Talking about broker, it’s pretty difficult without personally having trades with them.
Having regulated brokers are the top priority. Reason is only one, we need them to be monitored by a trusted and well reputable party, which is regulator. Not every regulator credible, by on my location and condition I will only trust FCA, ASIC. I still can trust CySEC and DFSA at certain degree. For others regulator, I’m still “worry” with their policy. Please go to their website and learn about their policy.
After I know the broker is well regulated, the next thing is open an account to verify their service quality. It can be server latency, slippage, spread, trading rule and policy. From here we will have the final conclusion.
A good broker turn to be a bad one. A bad one can be a good one. So, even you have found a high quality broker, one day it can become a bad one. 
So we have to always monitor the broker we are using. Be careful as well with the type of regulation the broker has. Many broker just want to emphasis they are well regulated, but the license is not for operating a brokerage firm instead of merely financial service.
For example, FXView, they was one of a considered my primary brokers. The reason of they are under FCA. But around 1 year ago, it was stated they are no longer regulated by FCA. The good thing is they are still regulated by CySEC.
So my action will be reduce my trading amount with FXView. I will wait until FCA return and reconsider to increase my balance.
There are many well regulated brokers that has bad trading policy and price. For beginner, it won’t effect your learning curve. Unless you are starting to trade with bigger balance.
If you want to be safe, find only reputable broker such as:
- Pepperstone
- IC Markets
- Go Markets
- FP Markets
- ATFX
- Trade Nation
- StarTrader
- MultiBank
- Vantage
- Exness
- Axi
I have been using them with minor to none issues.
Valid points. I agree finding a well-regulated broker is crucial, and testing slippage, latency, spreads etc. is the only way to really know the service quality. No doubt, even the best brokers can change over time, so staying alert is a wise move.
Why is FCA that important? I mean, Cysec, FSCA and other EU registrations are pretty solid as well. Personally, good level of confidence. Even without FCA, their trading conditions have remained the same since the beginning. Of course, I get why you’d want to reduce your exposure, but for me, they continue to deliver a reliable environment for trading.
Everyone’s experience can vary, so it’s all about finding what works best for you.
Anyway, thanks for sharing your list of brokers. Good to have more options to explore.
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CySec is - understandably - a red flag, to many experienced traders. 
As anyone with experience of working in the brokerage or regulatory sphere will confirm, European brokerages that want to attract customers on the basis of being “EU regulated” while actually offering as little customer-protection as possible will always choose Cyprus, Bulgaria or Malta, as these are the very lightly-regulated EU countries. (Specifically, there’s a reason that so any brokers choose Cyprus, and that reason isn’t customer-protection!).
I’ve certainly never seen/heard anyone who knows the industry disputing the reality that the UK’s FCA is by far the best regulator from the customers’ perspective. And I don’t expect to.
It’s important for people to know that they don’t have to be British or UK-resident to be protected that way, and they’re also covered by the UK’s Financial Ombudsman scheme and government-backed fund guarantee, if they have an FCA-regulated account. (It says so very openly on their website, but people typically don’t look because “accidents happen to other people, not to me.” 
).
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Hi @Eloise_1, Since I am living in Asian. I can only rely on FCA and ASIC.
Other region may have good regulator. The problem is brokers under their regulation become ineffective and less competitive.
Others problem is fund-protection. Only FCA and ASIC are lovable 
CySEC and DFSA are good enough to validate a broker. For operational, they are not strict enough.
Many other good regulator, but they are too strict, rendering the brokers become unattractive. 
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