Ritesh.R

I continue to use FP Markets, which includes the previous broker and is now the best ECN broker. They offer low spreads, even negative spreads, on ECN accounts. Traders can use their terminal platform to trade using one account for multiple markets like crypto, forex, indices, stocks, and even the ETF market.

Such expertise is unquestionably advantageous for a trader. I've used a variety of brokers, but as of right now, I think the broker from FP Markets is a better choice because they also provide educational materials that help beginner traders, and it also provides the best trading conditions.

Trusted brokers, in my opinion, are top-tier regulations such as ASIC and FCA. I trade with an older ASIC broker, FP Markets, that has been active in the forex business for over a decade. The customer service is prompt in answering most of the clients' queries, and the withdrawals or deposits are smooth without any issues.

Since the USD has the biggest trading volume, the ideal period to trade any major currency pairings is typically during the opening few hours of the New York trading session and traders don't keep an eye on the charts when the currency market is closed.

Always go with a broker who shares your knowledge and trading experience. I trade with FP Markets, for example, because they are good for scalping, have a low commission cost of $3 per lot, and have spreads that start at 0.0 pips.

I personally find the MT4 server to be a lot more advanced, and it can support multiple trades simultaneously. It uses very little resources from your computer, and it works well even with low internet bandwidth.

I have done several rounds of research before finding my suitable broker, and many traders have advised trading with ECN brokers such as Etoro, CMC, and FP Markets. Their trading conditions are reliable, with a quick and responsive customer service team. Their trading conditions are suitable for both beginners and experienced traders.

It is good to keep track of your trading performance to avoid future losses, and it also helps in developing your trading strategy and skills.

Most beginners choose scalping, as it is a good option for those who hate waiting for a trade to end. Positions are usually held for a very short period of time, which reduces the risk of a reversal that could harm the trading position.

For lower spreads, I suggest using Vantage or FP Markets; their spreads start as low as 0.1 pips in most major currency pairs with a commission cost of $3 per lot. The customer service is quick to respond, and there are no issues during withdrawals or deposits.

I trade with FP Markets and, in my view, they have over 60+ currency pairs for forex trading.

Mostly all brokers offer free demo account if you are looking for brokers that also provide education materials I am aware that FP markets do provide video tutorials, webinars, and more for newbies.

My trusted broker is FP Markets because they have regulation from higher entities such as ASIC, CYSEC, and also an offshore licence with St.Vincent. I have been trading with it for a year and so far no major issues have occurred and the customer service is quick in reposing or solving client queries.

As a scalper, lower spreads are crucial for me when trading with currency pairs such as EURUSD, GBPUSD, JPYUSD, etc., which is why I trade with FP Markets since their spreads start from as low as 0.0 pips and are stable even when the market is highly volatile.

I trade with FP Markets as of now since they offer a higher leverage of 500:1 with a commission cost of $6 per round lot.

It is a suitable broker for scalping because the spreads are tighter, especially in EURUSD the spreads are stable even during volatile market conditions. And the commission cost is at $6 per round lot, which is lower when compared to other scalping brokers.

It is important to do a background check on the broker before starting live trading with it because there are many scammers. Choosing an older broker like ICM or FP Markets is also a good idea because they have been in the forex business for longer than most brokers.

Hi Gee Dee, Most experienced and regulated brokers do not offer only higher leverage. There are experienced brokers that also offer low leverage, and I suggest trading with FP Markets, it is an older broker that has been active in the forex business for over 15 years. They are regulated by ASIC and CYSEC, the leverage offered with ASIC regulation is 30:1 and for higher leverages you can switch to their offshore licence that offer a max leverage of 500:1

Before trading with brokers that offer welcome bonuses, I suggest checking with other traders that have used them or are currently trading with them because to obtain the bonus they may have certain criteria to be met. This is a type of method used by many scammer brokers to lure in new traders, so it is better to do research on those brokers and use them if they are regulated.

After trading with several brokers and blowing up most of my accounts, I have settled with a suitable ASIC broker, FP Markets. I prefer using them because of their reliability and their robust trading conditions. Their minimum opening balance is $100 AUD, the customer service has been polite when I reached out to them for any forex related queries, and they have over 10,000 different instruments to trade global stocks or commodities.

It is good to try out more than one broker because it should show you the various advantages each broker has depending on your trading type. For instance, I prefer scalping and brokers such as ICM and FP Markets were suitable due to their low spreads. After trying both brokers, I decided to choose FP Markets because of its lower commission cost and opening balance.

I do agree with most of the posts that the old brokers are much more reliable because most new brokers are scammers. Brokers like ICM and FP Markets are some of the older brokers I have come across that have been active in forex for over 10 years. Older brokers are also regulated, and traders trade even with higher capital because of the broker's reputation, which holds on for several years.

Leverage is not as bad as it seems, but it does have certain risks involved in it. Using higher leverage without a good plan or strategy can lead to major losses. Whereas with a good strategy and plan, it is possible to gain double the profits of the invested capital.

I trade with FP Markets and I would give my broker a 5 out of 5 because their trading conditions are robust and since they are regulated by ASIC and CYSEC, they adhere to strict capital requirements.

Long-term trades are beneficial to beginners because they can aid in the development of new skills and strategies.