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Forex broker recommendations

cici

Member
Try expose bad broker to let people know what's happening.

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WalletInvestor

Well-known member
But we will known, which broker margin call is low and which one high? Can you please elaborate.

Thanks
I'm not entirely sure what you mean, I wasn't talking about margin calls. But if that is something that is important to you, you could check that when looking for a new broker.
 

Leonardo_fx

Well-known member
I can say ForexChief as my best broker in view of facilitate trading workplaces that are incredibly solid to be a gainful trading life. They are advancing natural Forex stray pieces getting ready materials, video instructional exercise, Forex glossary to give training. I used to take after continually. They moreover having high leverage like 1:1000, most negligible trading spread, brisk execution, no deposit charges, beginning an account high-security level, no managing work area, re-quotes and no slippage et cetera.
If you are presently sure about your aptitudes, pick a specialist ECN account which does not require any base Forex store. They offer you a couple of decisions for your trading and it is simply up to you to pick what is the most pleasing, suitable and gainful for you.
 

Blockhead

Active member
I’d recommend these brokers, especially for beginners - fxview, avatrade, xtb, icmarkets and xm. They all have low min deposit requirements and good trading conditions.
 

Leonardo_fx

Well-known member
Beginners need brokers with cent accounts. Do the brokers you suggested have cent accounts?
I know that there is definitely a cent account in ForexChief and Roboforex
Yes, these brokers have cent accounts. I think there are very few brokers now who do not have cent accounts.
 

Leonardo_fx

Well-known member
What is the best in believing is: I have been working with a directed, sound and experienced broker ForexChief which is giving me the most reduced zero spread and sensible leverage of 1:400. I am likewise accepting a lower commission rate and exchange costs which are permitting me more prominent benefit from any kind of trading strategy. I am likewise getting access to huge real pairs with the offices to work with present-day trading apparatuses and systems.
 

Bumblebee

Active member
The idea behind using a cent account or micro account for that matter is to minimize the risk while gaining real trading experience. I too started trading with a micro lot with coinexx. Imo, it’s a good way to understand the market and its volatility but without losing big.
 

Gorm

Well-known member
Yes, a cent account is a great opportunity for beginners to learn how to trade with minimal risk. I started my trading journey with a cent account at ForexChief. I think I made the right choice.
 

Leonardo_fx

Well-known member
Without choosing a broker regarding trading prerequisites, no trader can probably make progress at a normal level. I have been working with a regulated broker ForexChief as it is giving me all tweaked trading administrations like most reduced zero spread, moderate leverage of 1:1000, auspicious and quickest exchange executions and MT4 platform. I am likewise getting a charge out of trading apparatuses and all entrance to noteworthy real pairs to accomplish the gainful trading voyage.
 

Lateral Thinking FX

Well-known member
If you are a UK trader, I would recommend AxiTrader. They allow you to trade Forex like CFDs (i.e using regular lot sizes) but with Spread Betting account status, so that your profits are tax-free (UK only).

I don't know of any other FCA regulated broker that allows you to do this.
 
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Venencia

Member
Every trader has his/her own set of requirements when it comes to brokers, but I guess the feature that remains constant is the charges levied by the broker. The lesser the charges the better it is for traders, and thankfully, it is not that hard to find such brokers these days.
 

LamarKenyon

Well-known member
Every trader has his/her own set of requirements when it comes to brokers, but I guess the feature that remains constant is the charges levied by the broker. The lesser the charges the better it is for traders, and thankfully, it is not that hard to find such brokers these days.

I agree with you, high brokerage hurt a lot, but as you said, it is easier to find brokers with low trading costs these days. I’m currently trading with two such brokers - turnkey forex and traders way. Their trading costs suit me and so does their withdrawal processing time, which never takes more than a day.
 
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