@Thypi You won’t have this issue if you’re working with good reputable brokers. I’m currently working with Oanda, XTB, XM, and FXview and have no issues.
Here is what I mainly look for when selecting a broker:
I have been using FXCM, IC Markets, and Coinexx, right from the start and all I can understand is a trader must be confident about his/her needs for trading. There are several things that you must do before becoming a successful trader, but one of the most important of all is finding a broker you can trust.
It’s been years that I have been trading with Coinexx and FXCM and their deposit and withdrawal are quite smooth. I can also make easy profits thanks to the low spreads and faster execution speed. The slippage is very minimal and I am happy using both of them. You can also look for these factors while searching for a broker. I hope this helps!
I think it is very important to look into regulated broker for the safety of your funds.
Usually, I would prefer to go for a regulated broker offering good amount of spreads and stable trading platform (Usually MT4/MT5)
I think regulations, spreads, commissions and deposit/ withdrawal modes should be the first priority while choosing a broker
I couldn’t agree more, that should be number one thing to check while choosing a broker. In my case I went as far as checking with the bodies regulating Forexchief just to be sure. But as time went by I realized there should be more we look for in a broker and they have done so well in all areas.
IMO if you are looking for a forex broker. i would suggest you look for one that is regulated like aximtrade is regulated by ASIC, non-regulated brokers are more or less just scam that will try to take your money. Then look for spreads and commission fees as they vary between brokers and can save your trading cost.
Two key requirements are good trading conditions and safety of funds. You’d better to look for brokers which offer segregated accounts and employ ECN model of liquidity aggregation. The rest things are less significant and can be considered later.
I checked regulation and trading conditions like spreads while selecting aaafx and fxcm. Rest all other features are secondary imo.
Very important points, we can not joke with this aspects, especially being in the market for long. This is one of those things that drew me to forexchief, they have been providing services for over 8 years now which is very impressive. This is definitely what traders need to watch out for.
You should check about broker’s reputation, also whether the broker is a market maker or an ECN. The next thing one should look for is the trading conditions of the broker like what spreads they offer, what commission they charge, their leverage structure etc.
I think it depends on where you live as you might find regulators in your country overly oppressive on things like leverage. Personally I look for reputation via reviews, good spreads and reasonable commission.
1.) Available assets (forex pairs, crypto, stocks, etc.)
2.) All fees (commissions, spreads, withdrawal fees, or hidden fees like inactivity or account maintenance, usually listed under their terms & conditions)
3.) Available leverage
4.) Deposit and withdrawal methods and timeframes
5.) Availability of customer support (always check if the broker advertises LiveChat to see if it’s a real person, or if it’s just a robot)
6.) Consider bonuses (but never choose a broker solely based on this)
7.) Platforms available
I never worry about a broker being offshore or regulation because there can be issues with regulated brokers as well. Customer reviews over a variety of sites always makes me feel more confident, although you sometimes have to take those reviews with a grain of salt because some traders may be blaming the broker out of anger when they’ve simply blown their account.
Being a scalper, I wanted to change to a broker that offers high leverage, but also tight spreads and low commission. I was able to find one courtesy of this list - List Of Best High Leverage Brokers. Anyone who has a similar requirement to mine can take a look at the list, many good options available there.
I suggest looking for a broker based on your trading strategy and method. Since I’m a scalper, I prefer using FP Markets, a broker with lower spreads, commission cost, and faster execution speed.
These are what got me picking turnkeyforex and trader’s way - good brokers with reliable customer support
Exactly, reason I keep saying regulation is never enough, we need to look beyond that. The factors you mentioned are a good way to go about looking for one, adding to that too we should make sure the broker has been in the market for long. This is also a good way to tell how credible they are, this aspect was very important for me in choosing forexchief, the fact that they have been in the market for over 8years now was at the fore front in making my decision.
Yes good points to consider 
Here are some essential things that you must consider when looking for a forex broker:
1. Regulation: Ensure the broker is regulated by the Financial Conduct Authority (FCA) UK or the Commodity Futures Trading Commission (CFTC) US. It will ensure that the broker is held to high standards of conduct and that your funds are kept safe.
2. Spreads: Look for a broker with competitive spreads, as this will directly impact the cost of your trades.
3. Trading platforms: Choose a broker that offers a trading platform that is user-friendly and meets your specific needs.
4. Customer service: Good customer service is essential, as you may need to contact the broker with questions or concerns.
5. Fees: Be aware of any fees the broker charges, such as withdrawal or inactivity fees.
6. Reputation: Research the broker’s reputation in the industry and read online reviews to get a sense of what other traders have experienced while using the broker.
Yeah, now I just enjoy the peace of mind that comes from using their payment system, just so easy. No issues since I started.