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Choosing a broker is difficult; I had to burn several accounts before trading with a suitable broker like FP Markets.
I'm trading with them for a year now, and so far their trading conditions have been good, with tighter spreads and faster execution speed.
I consider trading with Micro accounts instead of Mini accounts because Micro accounts profits are better, whereas mini accounts profits can only be used for the next trade.
Trading in a real account requires real money, and the risk can vary from high to low, depending on the trading method. And Demo trading is risk-free, and traders are liable to trade carefree.
As a trader, I know there is no best broker, but there are a few good brokers.
Trade with brokers that are regulated and have shown reliability. For instance, I trade with FP Markets regulated by ASIC and have shown reliability by being one the oldest brokers in the forex business.
Most major currency pairs are safe to trade, but it mostly depends on the type of broker that you have chosen to trade because even if you are using a popular currency pair like EURUSD and trade with a broker that offers bad spreads, it will lead in more number of loss than profit.
I currently trade using the Price Action strategy but looking for another profitable strategy for scalping since the current strategy has a lower rate of profit.
I suggest trading with FP Markets because they are one of the oldest brokers to be active for over a decade. I've been trading with them for six months, and so far, the spreads have been consistent with any issues.
I consider FP Markets a reliable broker to trade because it is one of the oldest brokers still active since 2005 and compared to other similar ECN brokers FP Markets spreads and commission cost are lower.
It is regulated by ASIC, CYSEC and also has a St.Vincent regulation. So far, I have never...
the I mostly focus on one pair since I'm a beginner but sometimes keep a few open so that I don't miss anything new. But if you're a professional and able to handle multiple pairs, then it is good to have several open at the same time.
I'm a scalper, and for me, lower spreads and execution are the main criteria so I decided to trade with FP Markets and they have some the tightest spreads and execution is faster than my old broker ICM.
I recommend trading with FP Markets because the spreads and commission costs are lower than other similar brokers. The spreads start from as low as 0.0 pips for most parts of the day.
Hi Alexhunger, I'm currently trading with FP Markets, the spreads average at 0.0 pips for most parts of the day. There are no issues with spread widening even during high volatile market movements.
From my trading experience with brokers in the past, I would suggest FP Markets. Their Raw ecn account has some of the lowest spreads and commissions.
It is a reliable broker to start trading because of its ASIC regulation and has been active since 2005!.
Yes, the internet can be the best place to learn forex, many traders give online free learning classes and explainer videos on how to trade. But the internet can also sometimes misguide so it best to always be aware of what you are learning.
I mostly scalp in the Majors, So looking for a broker that offers tight spreads (Preferably ECN Pricing) and most importantly, it should be stable during high volatility market movements.
I read reviews on ICM and FP Markets, not sure which broker would be suitable for my requirements. Any...
I'm looking to get started with live Trading soon, I'm a scalper and use EAs for kind of high frequency trading.
So would want a broker that doesn't have any restrictions with respect to using EAs on their servers and most importantly has reasonably fast Execution, any recommendations?
Hi Ras, I'm looking for a broker as well, since i scalp, would prefer a broker with lower spreads and commission.
And regulation is important as well, any broker recommendations ?
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