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  1. #101
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    Interesting...

  • #102
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    Try to gather as much information about the potential choice as you can. Use forexpeacearmy, forexfactory, babypips and similar reliable sources to find genuine feedback about brokers.

  • #103
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    be careful with feedback on such pages! i can tell you that many brokers have marketing people who login with different names to post fake reviews!

  • #104
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    Quote Originally Posted by Antje Wagner View Post
    be careful with feedback on such pages! i can tell you that many brokers have marketing people who login with different names to post fake reviews!
    That's a real problem, a lot of false positives and false negatives reviews out there.
    Go with 1. regulation
    2. trading costs
    3. try a broker out with smaller deposit first. See how everything works, deposits, withdrawals, trade execution, customer support etc...
    4. no need to put all your eggs in one basket

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  • #105
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    I choose forex broker differently. First I make sure they are regulated and offer MT4 to cross platforms (for windows mac, andoird, ios) as MT4 is my favorite.
    And then I make sure they have their server location to nearest location of mine for quick execution. If the broker has too many account types, I ignore them. Must have reasonable spread with majors and cross pairs.
    Big brokers like FxPro, Pepperstone has wider spread to cross paris, FXCM does not allow hedging. And take more time to withdraw due to big waiting list. I am trading with Hanseatic broker for last 2 years and overall performance is not bad. Though I often had to email them if I face any issue as their live support can’t address my issue when I asked them server related question.

  • #106
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    Due to enormous competition between Forex broker, they offer different features and advantages. However, choosing a broker is not easy. In my opinion the most important thing that you should consider is your Broker's reputation.

  • #107
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    I think the most important thing is: regulation, year of fondation and trading conditions. Try brocker's demo account, chat with support to find out how they are responsive and competent. Reviews and ratings not always are true.
    Last edited by JustForex Analysis; 03-15-2017 at 03:10 PM.

  • #108
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    I agree with you! Unfortunately brokers are often pay for first places in ratings((

  • #109
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    I completely believe that till we locate brokers offering freebies or bonuses, it is going to be too common to get brokers manipulating things to make it harder for us to make profits. So if we want to get rid of this issue for once and all then we need to look for genuine broker. I am joined under FP Markets, as they are licensed by ASIC and are servicing since last 11/12 years with having over million client base, it’s absolutely fantastic working with them.

  • #110
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    As for me, the most important aspect of choosing broker is reliability. It`s better to choose old broker, who are on market for 5 years or more.
    The license is very important, too. They say, that the most reliable brokers have licenses from Europe, USA and Australia. They have the most strict regulation.
    On the other hand, there are brokers with licenses from Panama, Hong Kong, Mauritius, Belize, Seychelles that are considered not as good as Auropean ones. But it still better, that no license at all. And it doesn`t really mean, that they are poorly regulated. My broker has Belize license and I fully satisfied with the service and conditions.
    Sometimes, people consciously choose brokers with less strict regulation, as they usually have more profitable trading conditions.
    After you`ve found some brokers, who are reliable, then you should just choose one with the most proper trading conditions for you (low spreads, leverage size, type of execution etc.)

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