I have to say that IC Markets are by far the best forex broker to trade with. They are ASIC regulated and are a True ECN broker with EUR/USD spread average of 0.1 pips.
I move from other bucketshop Aussie broker to IC Markets and I am happy. Also their customer service is the best of all brokers, live chat 24/7 is smart and helpful.
We can’t really say for sure one broker in particular is the best, since we have not tried others yet. And for me we have so many good brokers out there in the market. Like am with Profiforex and I wouldn’t say they are the overall best in the market, but things are comfortable there. Trades are executed at very good speed, and a very flexible trading terms. My point is that we can best speak on the broker we use and commend others for their good work. Another people that definitely need commendations is babpips, very informative forum site we have got here.
IMO the best broker for you depends where you live, whats important to you, how much money you are trading, how experienced you are at trading and a whole load of other factors that will probably come to me later.
I find it interesting that some person earlier on in the thread said they thought with unregulated brokers you get a better deal. I could see that being possible as they dont have the same expenses but it is a little risky - surely we would be better going through a regulated broker just so we have some insurance if things go wrong. Saying that though I have heard that a good broker (with a big name now) started out unregulated as they didnt have the capital to do things properly from the get go then after behaving themselves and making it they moved to a decent jurisdiction and got licensed (dont want to name names though).
I would say that regulation is an important factor for me… even if I had to pay a fraction of a pip extra on my trades. Just remember if they are unregulated they can advertise one thing and deliver another.
During the past few years and the fact that the Forex market is the most common, a number of forex firms Nasabh has appeared in this market. There is a large volume of cases of fraud in the Forex market, and thus should a new investor to inspect Forex Forex company accurately. One of the best ways to do this is to ascertain whether the company was registered with one of oversight bodies : There are very large numbers of Forex companies, giving them preference to one from the other, is the service information provided by each and every one of them and started. The most important things that you should check them for the Forex companies are organized, chart, couples, force, analysis ghardaia, Algeria
There is no such thing as the best recommended broker, though I suggest this [Forex broker] ftocapital.com the choice is still in your hand. If it doesn’t suit you though it suits me it wouldn’t be the best one for you
Just steer away from the bucket shops and the market makers. Preferably get one in your own country if it allows. I would advice against having your money too far offshore (eg. seychelles, BVI,etc.)
There’s no such thing as an ideal broker. It’s best to choose the broker based on your way of trading and on what you need. For me it’s important that there not be any problems with withdrawing, that’s why I made my choice based on that point.
Noooo, recently there are tons of issues surfaced regarding Pepperstone. It seems like they know they F up pretty badly this time. Please proceed to Google Pepperstone Scam (ForexFactory/ForexPeaceArmy).
Hey,
For the last 1.5y I am trading with the help of FGSMARKETS.COM, and Im really happy with them.
We have our ups & downs, but in the end I’m able to withdraw arround 15-20% profit on my deposit. They provided me with full education and now I have full support from them. I receive daily trading signals, but I always double & triple check.
I’ve made 8 withdraws by now as soon as we reach 15-20% profit.The execution in the MT4 is pretty quick, most of the instruments have low-fixed spread and they have 5 cryptos !
Hi there, I have been with FxPro for about a month now and so far so good. Oh and “Cyco” I am from South Africa where we have 11 official languages as a matter of fact and yes English is our main mode of communication.
You should focus on your own style of trading and also on trading conditions which brokers offer. on the assets you trade, not everywhere brokers have a wide choice.
In my experience I can say that there are no 100% ideal brokers in the forex market. Each broker has it’s own pros and cons. And I believe that everything depends on what broker you need. But I don’t believe in sites with ratings. On this sites you can easily buy a place in rating( it all depends on the price). And many not completely honest brokers use this. Therefore i think you need to analyze each broker yourself.
There is no straight answer for this, it depends on a lot of things from your end.
Your trading style: are you a scalper, news trader, do you hold long positions are prefer day trading.
What kind of commissions are you looking for your style of trading.
Instruments you want to trade.
Your country of residence.
From the broker’s end: do you want to trade with a Regulated or Unregulated broker
Trading platform the broker offers
Once you are decided on the above listed points, one should look for specific brokers that offer or fall in that category.
Broker is an intermediary between the currency exchange traders of a currency pair so that both the parties can engage in successful and profitable trading. Among thousands of online brokerage houses, it now difficult to select a broker who will provide both security of funds with flexible trading facilities. I have selected ForexChief since it is a licensed broker and it is providing me regulations and high security of funds with lowest zero spread, 1:400 good leverage and adaptable MT4 platform which can be operated from any device.
I’ve already posted it in another thread. But let me do it again.
Like others said - there is not such thing as a broker that is best for all. It all depends on your needs and requirements.
Full disclosure I’ve just entered the FX brokerage business… intern level :|. Doing my homework to try view client side opinions and feedback of; good or bad broker experiences and deciding factors in choosing and sticking with a broker.
It’s still a bit new to me apologies but the scene feels incredibly saturated and spreads seem pretty competitive even in the retail market.
*Are bonus schemes actually attractive?
*Whats the bottom line with the balance between having the most competitive spread and trust in a broker to be able to withdraw at any time?
*How much does being licensed and regulated under a organisation (FCA, etc) come into consideration with the trust of a broker? The biggest thing I’ve gathered is it’s still the reputation/word of mouth aspect for customers online.
*Do clients value STP vs B Brokers when weighing up against other aspects like spread, min deposit, etc?
…Deciding what thread to go to wasn’t too easy, so apologies if the post is out of place. I was about to ask this on a different thread but there was a warning about commenting on older threads, so I hope this is still cool… with the thread begining in 2012