Bambang Sugiarto

In the world of forex trading, many traders are attracted to foreign brokers because they often offer tighter spreads and lower commission fees than local brokers. However, lower transaction costs do not necessarily guarantee better execution quality. Factors such as server location, connection speed, the regulations overseeing the broker, and customer fund protection also play a significant role in determining the overall trading experience. Discuss the differences between foreign and domestic brokers in terms of technical aspects — such as execution speed, slippage, and requotes. Translated with DeepL.com (free version)

I currently use Headway as my broker. Do you have any experience with them?

What are the signs that a broker's trading platform is unreliable (e.g., frequent freezes, disconnections, or delays)? The reliability of a trading platform is a crucial factor for the convenience and security of transactions. This discussion covers various signs of an unreliable broker platform, such as frequent freezes, disconnections, execution delays, price discrepancies, and their impact on traders' results and confidence.

Yes, I think it's possible. But what if this happens when we already trust each other in using that broker and have deposited a large amount of money?

One more thing to consider for security when choosing a broker: it will be easier if we get to know the “people” at the broker through social media or other media that serve as intermediaries between us and the broker, in addition to formal communication via customer service. This is very helpful in terms of emotional approach because we can provide a detailed chronology so that our alibi is irrefutable. So far, I believe in one broker where the people behind it are willing to appear on social media and we can interact with them.

Oh, I'm sorry to hear that. Does that amount include the real money deposit you made? I'd like to hear more from you.

Yes, there is no such thing as free money in this world 🙂

Yes, I agree with you. At the very least, we benefit from being able to conduct test trading at that broker with the company's real money, so we can find out about the quality of the broker, the speed of transactions, and learn about management for ourselves.

Are you being too hasty in saying that? And is it a trap? Because I see many official brokers doing this. They do everything they can to attract as many clients as possible in various ways, including what I mentioned above. Regarding scams, can we also consider the regulations and licenses?

What do you think about foreign brokers offering large bonuses to attract new traders? Do these kinds of promotions really provide additional opportunities for profit, or are they just marketing traps that harm traders in the long run?

Yes, I agree with you. I found this broker two years ago and I am satisfied with its services, low spreads, fast execution, and its IB program with good offers. But most importantly, the deposit and withdrawal processes are smooth.

Yes, I agree with you. In fact, I found a broker who gave me $111 in capital to start trading. I can withdraw the real money I earn after I meet the requirements.

Yes, I agree. In addition, we are looking for a broker that provides an account with real money for us to trade with. Besides learning about the market and the technical aspects of the broker, we can earn real money that we can withdraw later. I initially thought like you, using a demo account, but I found a broker that gave me capital to learn and earn real money at the same time, so I didn't waste my time.

Yes, as you suggested, I usually compare it with trusted platforms such as TV. Please note that I use Headway broker and so far it still meets the criteria. Do you have any other suggestions or opinions about brokers that meet these criteria? Thank you.

How to find out the broker's price source, whether it is ECN/STP or dealing desk, and its impact on price transparency.