Newbie here, looking for broker suggestions.
- Thread starter fxforlife
- Start date
Sure!
Why don't you start reading the numerous threads that have been started or plagued by your newbie Forex buddies over the last months:
https://www.elitetrader.com/et/forums/forex.38/
https://www.elitetrader.com/et/forums/forex-brokers.47/
Why don't you start reading the numerous threads that have been started or plagued by your newbie Forex buddies over the last months:
https://www.elitetrader.com/et/forums/forex.38/
https://www.elitetrader.com/et/forums/forex-brokers.47/
Pepperstone...........if you are not a American resident
they are true ecn i used them for 10 years ...........their razor account is the best
When selecting a broker be methodical. Important areas to consider are their reputability, their regulator and their commercial features.
For reputability, give preference to older and larger brokers.
The regulator has a big impact on how much you can trust your broker. A broker regulated by a tiny government office in a tiny town on a tiny island should give you a tiny level of trust. Check the corruption index score for the country where your broker is headquartered and where your own account will be run from. If possible, look for some really good safety features -
Commercial features that might be important depend on your strategy and trading style - tight spreads, fixed spreads, range of markets, news flow, chart features, platform usability, demo account availability, guaranteed stop-losses, acceptability of scalping, etc.
For reputability, give preference to older and larger brokers.
The regulator has a big impact on how much you can trust your broker. A broker regulated by a tiny government office in a tiny town on a tiny island should give you a tiny level of trust. Check the corruption index score for the country where your broker is headquartered and where your own account will be run from. If possible, look for some really good safety features -
- negative balance protection
- segregation of clients' funds
- ban on stop-hunting
- client deposit protection
- tight national control on who can be an investor and director of a brokerage
Commercial features that might be important depend on your strategy and trading style - tight spreads, fixed spreads, range of markets, news flow, chart features, platform usability, demo account availability, guaranteed stop-losses, acceptability of scalping, etc.
I'm a newbie in forex, have been trading with a demo account for a while and looking to start live trading. Any suggestions on which broker would be suitable with lower investments?
I can recommend FP Markets because of its minimum opening balance of $100 AUD, and their commission costs are also lower than other ecn brokers.
I recommend them because of their customer service, which is prompt in answering all your queries, and it can be an advantage during the initial stages when learning about forex.
I recommend them because of their customer service, which is prompt in answering all your queries, and it can be an advantage during the initial stages when learning about forex.
Hey, you can check Fxview. Their commissions are pretty low and the minimum deposit is just 5 Euros.