• Welcome to your Forex Forum - share your currency trading strategies, news & tips!
    Sign up Log in

How To Choose The Best Forex Broker

Polakandil

Well-known member
You have to set your own criteria to be sure that you are making the right choice. A broker might seem to be good when you are reading about them but might not necessarily be the same when you actually start using them. Be careful about the choice you make.
Maybe each trader faces different experiences when they use the same broker, sometimes I am reading reviews of certain brokers where one shared experience in good reviews but one another they get certain problems and make a bad review.
 

WalletInvestor

Well-known member
Maybe each trader faces different experiences when they use the same broker, sometimes I am reading reviews of certain brokers where one shared experience in good reviews but one another they get certain problems and make a bad review.
I think we have to take reviews with a grain of salt. There are inauthentic reviews on many sites by paid reviewers, and in some cases traders blame a broker for a loss that was not actually the broker's fault.
 

GriderGlib

Well-known member
@WalletInvestor I agree, but I find fpa to be still credible, in fact i started using coinexx after reading some reviews and till now it seems like i made a good choice. Of course relying solely on reviews is not a great idea, testing a broker with a small account should be the next logical step.
 

Polakandil

Well-known member
@WalletInvestor I agree, but I find fpa to be still credible, in fact i started using coinexx after reading some reviews and till now it seems like i made a good choice. Of course relying solely on reviews is not a great idea, testing a broker with a small account should be the next logical step.
Yes FPA included a good source to learn review broker, so far I have never used coinnex, but I already use FXOpen, so far I am still putting the trust in this company. there are so many contests held sponsored by the broker in forum.forex.game.
 

WalletInvestor

Well-known member
@WalletInvestor I agree, but I find fpa to be still credible, in fact i started using coinexx after reading some reviews and till now it seems like i made a good choice. Of course relying solely on reviews is not a great idea, testing a broker with a small account should be the next logical step.
I do agree on FPA, I trust the reviews on that site more than on sites such as TrustPilot. I think they are good at weeding out the non-legitimate reviews.
 

Paulsy

Well-known member
Choosing a reliable forex broker is a major decision in your investment plan. Therefore, we will provide a full analysis and detailed AximTrade review. you'll find many forex brokerages that offer countless features out there. Each broker has its advantages and disadvantages. You need to balance things up and choose what suits your trading goals and strategy along with safe and trusted trading.

Take your time searching for a reliable forex broker so your money and trades will be handled appropriately. The main features of a reliable broker include efficient customer support, real-time market execution, suitable trading conditions, a wide selection of account types that suits different traders depending on their financial capabilities, providing advanced software for successful trading, secure and fast money depositing and withdrawal, competitive spreads and finally but not least is offering multiple trading options with various currency pairs.
 

GriderGlib

Well-known member
Yes FPA included a good source to learn review broker, so far I have never used coinnex, but I already use FXOpen, so far I am still putting the trust in this company. there are so many contests held sponsored by the broker in forum.forex.game.
That’s good but honestly I am not very interested in such contests. I am just happy with a simple broker providing me good trading conditions and basic features.
 

GriderGlib

Well-known member
I do agree on FPA, I trust the reviews on that site more than on sites such as TrustPilot. I think they are good at weeding out the non-legitimate reviews.
That's true. The moderators at fpa are very good at screening out the reviews that don't seem genuine but it's still better to rely more on your personal experience.
 

Polakandil

Well-known member
That's true. The moderators at fpa are very good at screening out the reviews that don't seem genuine but it's still better to rely more on your personal experience.
Yes, the moderator forum has hard work and strictly to monitoring forum activity, I think its to make sure in site used for build trust, I think if there is a member that violating rules will get a warning.
 

WalletInvestor

Well-known member
That's true. The moderators at fpa are very good at screening out the reviews that don't seem genuine but it's still better to rely more on your personal experience.
Yes, that's true. We just have to make sure we don't accumulate too much personal experience in getting scammed :D
 

Leonardo_fx

Well-known member
The forum was created for this, in order to exchange trading experience with one or another broker. I believe that it is only by the feedback of traders that you can choose a good broker.
 

Gorm

Well-known member
I agree. How can you get experience? Only practical trading. I used this method for teaching. I have been trading on the ForexChief cent account for a very long time. Learned to trade. Gained experience. After that, I started trading on a standard account.
 

Zooscopy

Active member
Doing your own due diligence is the best way to discern the right broker. Found aaafx after my own research. Turned out good for me.
 

Gorm

Well-known member
aaafx? Is this a forex broker? I'll try. I am satisfied with everything in ForexChief, but I am always open to new companies if they are ready to offer the best conditions.
 

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 1:1000. 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.
 
There is no dearth of brokers if you see around. Just prepare a few notes on what you would like your broker to provide you with while you trade like easy customization, low transaction and trading costs, high leverage, etc.
 

Statoscope

Active member
Trying your hands at some brokers can be a good idea of determining at what level they stand. It’s okay to take a few small losses than to make bigger ones because of a wrong choice.
 

Venencia

Member
You can only know whether a broker is genuine or not through online reviews. But whether they fit your trading requirements or not can only be determined on the basis of your personal experience.
 
Top Bottom