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.
How to Choose a Forex Broker?
in General Forex Discussions
Posted
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.