I am looking for forex broker to start with for mainly GBPUSD, EURUSD pairs. My main requirements are as listed below :
(1) The broker should provide some initial bonus and annual interest on deposits we keep.
(2) The money withdrawal should be easy and no need to wait for 1 or 2 days.
(3) There should be lowest possible spread and commission ( low or 0 if possible ).
(4) Minimum leverage should be 200:1 and fastest execution speed
(5) There should be Guaranteed stop loss to avoid losses caused by software/technical issues between servers
(6) they should provide Web trading platform along with Desktop (MT4/MT5) as I am travelling a lot so web is easier one to use.
Good luck in your search and I hope you find the right broker for you. Listening to others (including myself) about brokers we like and use may be pointless to you as you will disagree. Never pick a broker because someone else recommends it to you. Do your own research and due diligence (I actually met my broker at their HQ in person and unannounced before making a deposit). Take your time and do what you think is necessary as you are selecting the right broker for you.
It is not a bad idea to ask for recommendation. I am sure that people will only recommend a broker they are satisfied with. When I wanted to open a real trading account back in 2012, I got profiforex as a recommended broker on this forum and it turned out to offer favorable trading terms. I would have continued my search and probably end up with a very bad broker. Well, you should use the following to find a good broker of your choice
Heya Bear and Isrealz is right recommendations are good, but i also think its best you base your final choice on personal solid research.
I’m sure people will recommend a broker they are satisfied with i’ve noticed some users may be directly from broker’s marketing department, so make sure any recommendations received are backed up by your own solid research.
There is no such thing as Best Broker. All brokers have their advantages and disadvantages. So the term “best broker” can only be used by a trader who feels his/her is the best broker. Overall, a few brokers are really good and can be referred to as best brokers.