Newbie here, looking for broker suggestions.

[Jenzien]

I suggest trading with FP Markets they are suitable for beginner traders since they have demo account and also provide E-books and tutorial videos.

 

[traderjo]

Hello traders. I am a newbie learning to trade in the forex market. But I have no idea from where I should start, which broker should I go with? Any suggestions?

Excelent points

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 -

• 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

etc.

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.

Excellent points ... or better trade Fx futures on central exchange like CME group

 

[florinavintage]

You can check out finprotrading
Spreads from 0.1 pips
Commission - $2 rt
Their min deposit balance required is $5 so you can easily test their live trading conditions.

 

[fredfrazier]

The best way to go about this is by creating demo accounts and checking out lots of options before settling for one.

 

[gregglogan]

It is obvious to get confused when there are so many options to choose from. Try filtering brokers on the basis of your trading needs to narrow down the options.

 

[actively]

Not sure if you have found broker that you are looking for, I recommend checking this thread out: https://www.elitetrader.com/et/threads/list-of-best-regulated-brokers.362682/

 

[JimmyChoo]

newcomers should choose the broker which is more appropriate to the concept of trading that will be used , if love doing scalping should chose the broker which allows trading concept such as this.

 

[AndrewMcCalam]

most of the brokers dont allow scalping in their trading platform right now , so scalpers fall a great trouble when choosing a broker.

 

[trader_phil]

I trade hotforex, pretty good if i may say, another broker would be lmfx, pretty popular with US traders and do crypto withdrawals.

 

[Abbas Ali Khan]

before choosing a broker it is more appropriate to move on FPA which contains all brokers real review.