Choosing The Right Broker

Discussion in 'General Trading Discussion' started by Benigna Mazzi, Sep 18, 2021.

  1. Benigna Mazzi

    Benigna Mazzi Senior Investor

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    Choosing the right broker is one of the first things traders should consider. However, there are many trading brokers in the market. Choosing a good broker among them is hard especially for new traders in the forex market. My broker Eurotrader, offers the best trading services with a free education course. It also offers a quick id verification process and many more.
     
  2. Linda Smith

    Linda Smith Senior Investor

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    Earning in forex can be easy if you follow the rules and regulation of forex. If you don't follow the rules, Your investment can put you in danger. Little knowledge about forex can bring loss for you. It will be good if you proceed with a plan to make profit. Your broker can help you to make the plan. I am currently trading with TP Global FX. they help me while i am trading in the market. I love to trade with them because of their tight spreads and dynamic leverage.
     
  3. mikenovo

    mikenovo Senior Investor

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    I always pick brokers with good regulation, as I think those are the most reliable. Offshore companies tend to be riskier to use, in my experience, although there are good companies among them too.
     
  4. Lindsey J. Crosby

    Lindsey J. Crosby Senior Investor

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    Many traders have lost large amounts of money and leave the market due to the fraud broker. They steal your money through concealed charges and block your account. You must do thorough research prior to selecting the right broker. Control is a crucial factor to spot a fraudulent broker. After a change in sorts of brokers, I go with Eurotrader. it's a registered broker that is licensed and regulated. In the event that something goes wrong with my account, they will promptly immediately restore my funds.
     
  5. mikenovo

    mikenovo Senior Investor

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    True, traders lose millions to forex scams every year. It's important to do proper research when picking a company.
     
  6. Glad22

    Glad22 Active Member

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    Been a victim in past, especially in Crypto. There was this Babk of Tron that made away with our funds, so many people lost fortunes. So it's imperative you always check if they are regulated and by whom, then check reviews from different sites diligently. This was what I did with Forexchief before I chose them, especially making sure they are regulated and been around for long. Later found out they are being regulated by FMA and licensed by VFSC, this was really important for me as I can't afford to make the mistake I once made.
     
  7. Jason@

    [email protected] Member

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    This is a good choice I must say, I have been with them for a while now and they have been pretty impressive. Especially their wide range of markets including forex, metals, commodities, indices, crypto, stocks with over 60 assets.
     
  8. Manon

    Manon Active Member

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    Sorry for your lose, one has to be careful with choosing a broker. And yes forexchief is definitely a good choice, not just because they are regulated, but they have been around for a long time which says a lot about them. And they have one of the best customer support system.
     

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