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What is the best forex broker?

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talhayousuf

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This did not use to be a problem when I first wrote Trading Online published by the Financial Times back in 1998! Back then, you just wanted to know the name of any broker.

Get free Forex Brokers list on:- FX-List.com

The biggest problem today is who can you trust. I get hundreds of emails a month from private investors asking me which brokers they can trust. The reason is technology has meant a proliferation of brokers and brokers realised that instead of matching buyers and sellers (like estate agents) there was more money to be made by being the house. They then realised there is more money to be made by:

widening the spread between the bid and offer ie buy and sell price
By moving the price so you could not exit at the ‘market’ price but only the brokers price
liquidating your positions by changing margin rules
Spiking prices to knock out your stop losses (usually late at night!)
And a growing number decided to just steal your money - they will call you up and say they will manage it, and then if they get lucky, they will not return it, and if they ‘lose’ then you have nothing anyway and the broker wins.
So the answer to your question is in my view, the same as finding a plumber! Go by the views of someone reputable and trusted in the industry ie word of mouth from someone who uses a specific broker.

I for instance was called by Bloomberg, who I trust as the most reputable brand alongside Financial Times. And since I used to present a trading online programme for three years on Bloomberg TV, the team knew me well. They introduced me to a broker, who previously I had not dealt with. And I said to Bloomberg, I would use the broker only if Bloomberg have done their due diligence on them. That is how I got to use and know one of the brokers I use. Yes, I am that careful. I need to know their CEO, go to their offices!
 
for me, the best broker is FreshForex, I have joined FreshForex for 3 years until today. Their service is excellent, FreshForex has the faster platform, I love the MT5 from FreshForex. It is good and you should try it today.
 
This did not use to be a problem when I first wrote Trading Online published by the Financial Times back in 1998! Back then, you just wanted to know the name of any broker.

Get free Forex Brokers list on:- FX-List.com

The biggest problem today is who can you trust. I get hundreds of emails a month from private investors asking me which brokers they can trust. The reason is technology has meant a proliferation of brokers and brokers realised that instead of matching buyers and sellers (like estate agents) there was more money to be made by being the house. They then realised there is more money to be made by:

widening the spread between the bid and offer ie buy and sell price
By moving the price so you could not exit at the ‘market’ price but only the brokers price
liquidating your positions by changing margin rules
Spiking prices to knock out your stop losses (usually late at night!)
And a growing number decided to just steal your money - they will call you up and say they will manage it, and then if they get lucky, they will not return it, and if they ‘lose’ then you have nothing anyway and the broker wins.
So the answer to your question is in my view, the same as finding a plumber! Go by the views of someone reputable and trusted in the industry ie word of mouth from someone who uses a specific broker.

I for instance was called by Bloomberg, who I trust as the most reputable brand alongside Financial Times. And since I used to present a trading online programme for three years on Bloomberg TV, the team knew me well. They introduced me to a broker, who previously I had not dealt with. And I said to Bloomberg, I would use the broker only if Bloomberg have done their due diligence on them. That is how I got to use and know one of the brokers I use. Yes, I am that careful. I need to know their CEO, go to their offices!
Choose a broker that have good spread.
 
I only know FXCM in real account. I have several in demo accounts: OANDA, FBS, HotForex, FxOpen. In General they behave more or less the same, but some do not allow Hedging, for example, others are MarketMakers and they bet against you which makes it difficult to beat them in small TF
 
The best Broker for me is ICmarket, it has the lowest Spreads in the market, it is enough to operate exotic pairs.
Sorry For ICM Not Credibel for arbit, high scalper HFT or limit PO, and their server still shared host, not dedicated server
GAP Price
Gap icm 1.jpg
No GAP price for Broker True FCA UK regulate
No Gap Broker UK 1.jpg
Server not Dedicated, still shared host, they still limit PO not credibel as ECN this all PROFF from other veteran trader
ICM dont allow high scalper hft.png
still not recomm for me
i got this https://memberforex.com/broker-for-high-frequency-trading/
For me still recomm broker regulate true FCA UK, NFA US, MiFid,, very very true Allow Arbit, HFT, high scalper
 

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