Who is the best forex broker?/ Who are the best forex brokers?:33: I know these are very common questions and there are many answers. Already I am trading with a forex broker (but with small capital) and I have read many reviews of many number of forex brokers. I have found many different ideas/reviews on same forex broker.:eek: Now I want to start my forex trading career with good reliable forex broker. I strongly believe that selecting a reliable forex broker is the most important factor for my success.:57:
Please help me to find reliable forex broker. Please don’t tell me to read reviews. :28: I read them but couldn’t get the decision. I like to have a direct answer.
This question is like asking what is the best day of the week.
For someone who works a steady 9 - 5, 40 hour week, you may get Friday as an answer.
For someone who is jobless, you may get all days are the same as an answer.
For someone who is homeless, you may get Tuesdays because there is free food at the food bank.
In summary, people have different needs when looking for a broker/ best day of the week and hence the different reviews you get. The borderline is that you should get a broker that honors all your account withdrawal requests.
Maybe if you tell us more about what you are looking for in a broker we may be able to help you better.
The main thing I am looking from a broker is safety of my money because while I am reading reviews I noticed that every site is marked as a SCAM at least one person. So I do not want to write that kind of review after loosing my money. :34:
In my question I have used the word “reliable” several times to indicate my requirement.
Some leading forex broker sites do not provide their service to my country (SL).
Every other things should be in average. (spread, leverage, etc…):13:
Well you’ve got to be specific to avoid being misunderstood.
From my understanding, so you know reliable brokers but none is in your country, so you are looking for a reliable broker in your country, right? Unfortunately, I can’t help because i’ve never been to your country but I know most reliable brokers don’t go to third world countries because of money laundering reasons, amongst others.
Oh btw, when you say your country is SL, you mean Sri Lanka and not Stop Loss, right? Gotta be specific in these circles to avoid being misunderstood
I am looking for a reliable forex broker who provides service to my country, not a forex broker who is operating in my country. [Eg plus500 - The site is not available from Sri Lanka. I can not visit this site.]
Some of the pretty good brokers have vanished from the Forex arena in 2014 and 2015. I’ve never thought before that they will disappear facing the troubles of economics. On this occasion I do not have a moral right to suggest anything to you because this broker might just be dead in a couple of months or years. So there is no way to understand if the broker is reliable. For me the most important issue is spread. Also try to diversify your balance. Open several accounts at different brokers and if one of them bursts you will still have the most of your money saved.
Another question stirring up a bunch of rhetoric replies. Just note that big®ulated not always mean « safe ». Several of fx retail giants got a severe wake-up call with the CHF crisis. Clients ended up with strongly negative accounts and are prosecuting with their broker to determine who will ultimately bear the losses.
Meanwhile many smaller brokers were unaffected by that crisis.:54:
Do you want to know the workaround that led me to my current broker choice - Tickmill? Before tying up my money somewhere I paid particular attention to FPA broker reviews&scam folder, myfxbook, Babypips broker section and Forexfactory. 4 crucial websites. I found no open cases in scam folder and it was enough to make up my mind. So I believe I get it right. A bit disappointed with their shift to Seychelles but quality overrides the regulation…
To the 11 March they’ll add 15% to deposits… Exclusive deal for all new Clients - Tickmill
Wish I could delete myself from their database and sign up again, :33:
Hope the path I fingered to will lead you to the right choice. Head over there and start to research.