Start Trading with an Old Forex Broker

[ThomasFernandez]

An older broker is much more reliable because they have been active for several years and have not been off the forex market for scams or any major issues, which is why many traders use older brokers.

For older brokers, I suggest ICM or FP Markets, because ICM has been active since 2007 and FP Markets since 2005, with regulations from ASIC and CYSEC.

[Vaabum]

In my opinion, it is not the age of the broker that is important, but the reliability of the company and working conditions. I think these aspects are much more important.

[uncle gober]

in forex it will never be instant, this is done so that traders can become better and can be maximized in getting maximum trading security and comfort like what I got from Tickmill.

[FXOpen Trader]

12 hours ago, uncle gober said:

in forex it will never be instant, this is done so that traders can become better and can be maximized in getting maximum trading security and comfort like what I got from Tickmill.

If we are looking at a trading system we must be able to understand the system fully.

[Vaabum]

To be honest, this indicator is not the most important for me. I use a broker from the ExpertOption company for work, and I quite like this option.

[ParkChoi]

For older brokers, I suggest trading with ICM or FP Markets. They are some of the oldest brokers, active for over ten years. ICM has been active since 2007 and FP Markets since 2005.

They are both regulated by ASIC and provide some of the tightest spreads, averaging 0.2 pips, with the lowest commission costs when compared to most ECN brokers.

[bigxy]

I think there are many other old and reputed brokers like hotforex, octa, xm, exness, lmfx etc which can also be shortlisted while making research for finalizing any solid broker in my opinion.

[Vaabum]

I think that you need to start with a reliable broker, and most importantly - a proven one. This aspect is the most important.

[Ritesh.R]

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.

[Vaabum]

To be honest, it's just not necessary. At least, I generally started working with a broker from ExpertOption, and I am more than satisfied with the results.

[Umanshecenle]

2 hours ago, Vaabum said:

To be honest, it's just not necessary. At least, I generally started working with a broker from ExpertOption, and I am more than satisfied with the results.

just wondering how much was the profit in your first transactions, you can even in % ratios without exact amounts

[Vaabum]

On 4/18/2022 at 7:20 PM, Umanshecenle said:

just wondering how much was the profit in your first transactions, you can even in % ratios without exact amounts

Here you are slightly wrong. I started the same way as everyone else - with losses, in fact. The only difference is that thanks to the demo account of the ExpertOption broker, I was able to study the market quite well so that there were not so many losses.

[Francisco]

Using an older broker is good since they have been in the forex business a long time and most traders prefer them because of their reliability, like ICM and FP Markets.

They have been active for over 10 years, and FP Markets is older than ICM, with regulations from ASIC and CYSEC.

[Vaabum]

I think that it is more important to start working with a reliable broker that would bring profit to the trader.

[James Mcgrant]

Using an older broker is good because they have more experience and have been active in the forex business, which makes it more reputable and reliable to trade than other new brokers, who can be scammers.

Brokers such as ICM and FP Markets are some of the brokers I am aware of that are older and have been in the forex business for over 10 years.

[Vaabum]

It is more important to start working with a broker where you can gain work experience. For a beginner, this aspect is more important.

[nanamage]

Many advantages join with Freshforex, top-up without commission, and withdrawal transactions are always excellent and successful.

[Vaabum]

It seems to me that this is now corny does not play a critical role. At least, I have been using the broker from ExpertOption for a long time and I am quite satisfied with the results.

[FXOpen Trader]

On 5/21/2022 at 12:54 AM, Vaabum said:

It seems to me that this is now corny does not play a critical role. At least, I have been using the broker from ExpertOption for a long time and I am quite satisfied with the results.

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

[Vaabum]

To be honest, I don't think this is important. It is more important that the broker is reliable. And the broker's age is a slightly different indicator.

[Nazzerith]

I prefer trading with an older broker because they are much more reliable since there are many new brokers and most of them are scammers.

I trade with an ASIC broker, FP Markets, that has been active in the forex business for over 12 years and also has regulation from CYSEC and an offshore license with St.Vincent.

[Vaabum]

I started working with a broker from ExpertOption and I am quite satisfied with my choice. This option seemed great to me.

[FXOpen Trader]

On 8/22/2022 at 7:07 PM, Vaabum said:

I started working with a broker from ExpertOption and I am quite satisfied with my choice. This option seemed great to me.

I have been doing my Forex Trading from the last 10 Years with FXOpen Markets and they have very secure and fast Trading MT4 Terminal

[Vaabum]

I don't think it plays a critical role. At least, I used a broker from ExpertOption for work and I was more than satisfied with the results of the work.

[Namu]

14 hours ago, Vaabum said:

I don't think it plays a critical role. At least, I used a broker from ExpertOption for work and I was more than satisfied with the results of the work.

The most important thing in the forex trading business is to understand all how forex trading works and choose the right broker. So that later you can trade properly and correctly. But is the ExpertOption broker really guaranteed safe for traders?