Jump to content

Exchange Blog Cryptocurrency Blog


All Pips



Factors that are considered while choosing a broker


Gee Dee

Recommended Posts

  • Replies 83
  • Created
  • Last Reply

Top Posters In This Topic

It should be understood that choosing a broker is a very important process. It is for this reason that I have identified a number of important factors for work. The result of my choice was a broker from Amarkets. In terms of working conditions, this is now a great option.

Link to comment
Share on other sites

  • 3 weeks later...
  • 3 months later...
  • 3 months later...

The main factor should be regulation. Even experienced traders prefer regulated brokers because unregulated brokers can be scammers and manipulate your trades.

The other factors include your trading style. For example, I prefer FP Markets since it is suitable for scalping with its tight spreads and faster execution speed.

Link to comment
Share on other sites

Regulations plus reputation also matters when it comes to broker selection although broker recommendation is becoming really very hard these day because of many broker joining the industry while some winding up the business too. So best part is doing some of your own research before finalizing any right broker.

Link to comment
Share on other sites

  On 3/9/2022 at 12:30 PM, Vaabum said:

For me, the main aspect is the reliability of the company. According to this parameter, I chose a broker from ExpertOption for work, and so far I consider this option the most profitable.

Expand  

I am doing my Forex Trading with the ECN Forex Broker FXOpen Markets and they allow me to do News Trading and Scalping :D

Link to comment
Share on other sites

  • 5 weeks later...

When I chose my broker, the main factors I considered were regulations due to the rise of scam brokers and customer service because if there were any payment or forex related queries, it should be easier to reach them.

Since I'm a scalper, factors such as lower opening deposits, commission costs, and other factors were included.

Link to comment
Share on other sites

  On 4/14/2022 at 7:53 AM, James Mcgrant said:

When I chose my broker, the main factors I considered were regulations due to the rise of scam brokers and customer service because if there were any payment or forex related queries, it should be easier to reach them.

Since I'm a scalper, factors such as lower opening deposits, commission costs, and other factors were included.

Expand  

I guess low spreads or zero spread accounts are preferred by scalpers.

Link to comment
Share on other sites

  • 2 weeks later...

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.


×
×
  • Create New...