Avoid brokers that offer signals or guarantee returns when trading with them. They are definitely a scam broker as they will bait you in with some small profit and then feed you a huge loss signal, they will often also try to convince you to make a deposit to save your position but that gonna cost you even more.
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Some tips about choosing Brokers.
- Thread starter Somrat4030
- Start date
i always find a scam broker by the support of FPA. Like this site.
FPA is good for review but not to find any scam issue. nothing without it.
traders should choose the broker which never restrict any kinds of trading techniques with scalping and hedging.
yeah, but as the other said, he probably means using their demo account to check out their trading condition like spread, any trading gap, or slippage that can happen in the long run. However, the demo might be not as accurate for that purpose so maybe opening a micro/cent account and just depositing a small amount like $50 to test it out can be more reliable.the result of demo actually not works in a real account , because there is no emoticons when work in demo.
Choose a broker that charges a minimal commission, offers low spreads and great customer service.
low spreads broker is very important for the traders who are above all scalpers.