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

[Tony Zhang]

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?

 

[Mangi101]

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

 

[viclen]

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.

 

[rstyles513]

INGOT is a good broker that I have been using for the nas100, us30, sp500, etc. Oanda I use for forex.

 

[Ry@n]

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.