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How can i chose a best broker which is reliable and trustable?

Tony Zhang

New Member
Hi~I am new to forex trading. I want to open an account, but I don't know how to choose a reliable and trustable broker and afraid to be scammed. So is there any good broker to recommand or do you guys have good methods to choose a reliable broker or ways to identify fake brokers?
 
You can do a quick google search but there are money brokers, just do your thorough research. There’s octafx exness hotforex xmforex, these are a few

also look for brokers with low spreads
 
I can recommend a reliable broker FXOpen. I have been trading with him since 2012. The broker is fully licensed and regulated by the FCA. From personal experience, I can say that the trading conditions are very good and the spreads are small. Withdrawing profits hasn't been a problem over the years.
 
You find several brokers online, check if it's regulated and read about them on various sites or forums to get a clear picture of the broker before investing in it.

For example, I chose my broker FP Markets, based on reviews and ratings from various sites like Trustpilot & Forex Factory.
 

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