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Author Topic: How to select a broker
Tommy-
Wells
Pro
Posts: 157
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Post How to select a broker
on: December 6, 2017, 07:20
Quote

Forex refers to the foreign currency exchange. It is a volatile, risky market area where there are numerous parties: traders, investors and brokers. There are thousands of online brokers in the market. And it may be a haunting question for traders that to whom they may work. As a pro trader, I will say that selecting a broker will depend on the facilities provided by the broker. For example, as a scalper I am working with an Australian broker AAFX as it is giving me low and fixed 1pip spread, high leverage of 1:2000.

Manuel E.-
Yeldell
Newbie
Posts: 22
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Post Re: How to select a broker
on: December 7, 2017, 09:08
Quote

To find a good trust worthy broker is essential for surviving the long in the forex market. But there are lot of scam and unregulated broker. Trader should avoid this broker. Every trade should have to do lot research before investing a broker. I also did lot of research when I chose my broker CapitalsTrade. It has regulation. It giving me best trading facility which is essential for my trading style.

Nicholas-
Ifill
Advanced
Posts: 73
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Post Re: How to select a broker
on: December 7, 2017, 17:37
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Selecting a decent broker for online forex trading is very important. The broker ought to be a decent one that can satisfy your need. Great spreads, good regulations, quick execution of trade and personal help these are the most imperative things to consider before picking a broker. From my broker FXPM I get all the above features. What's more, I'm happy with their services.

Vernon-
Philander
Pro
Posts: 157
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Post Re: How to select a broker
on: December 8, 2017, 03:35
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Before selecting a broker we should check their financial condition that do they have high liquidity of source? It is the most important concept in order to conduct a broker. They we should go through their security level and other facilities. With Trade12 I have the high security of funding as they use several reputed bank accounts and maintain third party to supervise all accounts and that’s why I have selected the broker.

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