Which brokers do you use and why? Also, why do you trust them?
I’m still looking for a 100% trustworthy broker. I know, this sounds ridiculous.
I know, there are many great brokers I could use. I have tried some of them. Traded a bit, made small profits then withdrew all my money. No problems so far. These brokers are called XM, IC Markets and IQ Option. I was happy with them. But who knows for how long?
When I check FPA and TrustPilot in my free time to browse reviews (for peace of mind), I find so many negative reviews of those brokers that I haven’t had any problems with. I mean seriously no problems. But people write things like they’ve never received their withdrawal, slippage was huge, being stop-loss hunters, spreads widen only for them, manipulate prices and so on… I could go on forever.
I never experienced these things. Am I just lucky??? While other people get scammed? Why is that??? Why would a broker scam SOME people? I don’t get it.
So how can I convince myself that those brokers, I mentioned above, are good enough to work with?
Blueberry Markets and Global Prime (both AU brokers with ASIC regulation) get 99% positive reviews and feedback on FPA and TrustPilot. So technically only these two brokers are trustworthy? Because all the other brokers (I mean all) get less than 4 stars. And the two mentioned above get 5 stars.
In conclusion… should I just stick with those ASIC regulated brokers (e.g. IC Markets) I have tried before and had a positive experience with? Even though they get so many negative reviews on the Internet. I do get worried time to time.
It’s just so confusing. So many people recommend a certain broker WHILE other people say that it’s a scam. It’s SO difficult for a newbie (9 months) to find THAT broker who will not screw me in the long term.