I currently trade with an ASIC broker FP Markets. Since I’m a scalper, I prefer this broker because of its spreads, which start from 0.0pips for most of my trades.
The other main reason is their withdrawals. I’ve been trading with it for nine months and so far never faced any issues during withdrawals or deposits.
Yes you correct. I am not trading big quantity which means i am trading only 0.01. I keep 4 broker account maintain each account atleast 500$. If i gold sell i am wait atleast 20$ movement. So i can easily maintain all account.
Why i maintain 4 brokers? Each broker different withdrawal methods. Fpmarkets is direct indian bank withdrawal. Xm perfect money withdrawal. Pepperstone skrill withdrawal.
India has too many leagal issues
I trade with an ASIC broker, FP Markets, and the main reason I use them is for scalping since their spreads start at 0.0 pips and average around 0.3 pips for most parts of the day.
The commission cost is also lower at $3 per lot, which is cheaper when compared to other similar ECN brokers.
As a newbie, I am trading with a broker that offers me low deposits, tight spreads, and low commissions. I am a sucker for availing bonuses, so if you don’t have a lot of capital, you can try brokers that offer bonuses.