Start Trading with an Old Forex Broker

[Vaabum]

8 hours ago, Namu said:

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?

I have been working with this broker for several years now. I can say from my own experience that the safety of work is at the level. I quite get the desired result and do not worry about my money.

[Ralph]

Most traders prefer older brokers because of their reliability. I can recommend a couple of brokers like ICM and FP Markets.

They are one of the oldest brokers that are active for over 12 years with regulations from ASIC and CYSEC.

[Vaabum]

It seems to me that this is not so important. I started working with a broker from ExpertOption and this option seemed great to me.

[Liam]

The main reason most traders prefer older brokers is because they have been active in forex for a longer time, which makes them reliable.

It is also important to read reviews before trading them, because not all are good. If you are looking for an older broker, I can suggest FP Markets, an older broker that has been active since 2005.

[Vaabum]

I don't think it plays a critical role. More importantly, understand that you need to find a reliable broker to work with.

[nanamage]

Choose a broker according to our trading style, if the scalping technique should choose one that supports it, because there are some brokers who have restrictions on the technique, for example, InstaForex.

[nanamage]

Sorry double post.

[Vaabum]

I don't think it plays the most important role. At least, I chose a broker from the ExpertOption company for work, and this option seemed excellent to me.

[RodriJames12]

I do agree that older brokers are reliable because of experience, but it also depends on the trading conditions and should be suitable according to the trader's trading style.

FP Markets is an older broker that has been in forex since 2005, and I use it for scalping because of its lower spreads, commission cost, and fast execution speed.

[Vaabum]

More importantly, work with a reliable broker. This aspect is valued much more than the age of the broker.

[Jason]

I currently trade with one of the oldest brokers, FP Markets. It has been active since 2005 and has an ASIC registration. 

The spreads offered by them are some of the lowest, starting at 0.0 pips, and the commission per lot is $3.

[Vaabum]

It seems to me that it is more important to choose a reliable broker and not just an old one.

[radex78]

I just think my broker included old broker, I am trade use FXOpen broker, this is international broker regulated on top tier ASIC and FCA and also expanding to Europe with regulation CySec. As I know FXOpen establhised since 2005.

[Vaabum]

It is important to understand that it is more important to start working with a broker that is reliable and will not let you down. I think this aspect is more important. At least, I chose a broker from ExpertOption for work and I am satisfied with my choice.

[FXOpen Trader]

We will need to make use of such kind of a Forex Broker which is Regulated and that is Truly International like FXOpen

[boltushkin]

Choose a broker according to our trading style, if the scalping technique should choose one that supports it, because there are some brokers who have restrictions on the technique, for example, Hotforex

[nanamage]

The forex market is open 24 hours 5 days a week, giving all traders the opportunity to trade anytime, and forex is an online based business, we can trade anywhere and we can work from home, and is a long-term business that must be run properly, also we must learn a lot, and most importantly should choose a trusted broker like Freshforex.

[radex78]

For professional traders choose the broker is important for long term business in making money from financial market, regulated broker is matter to choose secured company  and low cost trading, FXOpen is the old broker and regulated on three jurisdiction Australia, UK and Europe.

[Namu]

Broker is a very important factor in forex. As a trader, you must choose the right broker, so that trading activities can run smoothly and comfortably. One more thing, does this FXOpen broker provide forex training and education facilities to traders?

[boltushkin]

11 hours ago, Namu said:

Broker is a very important factor in forex. As a trader, you must choose the right broker, so that trading activities can run smoothly and comfortably. One more thing, does this FXOpen broker provide forex training and education facilities to traders?

Agree, that's why I would strongly recommend to prefer FCA regulated brokers as they are forced to play fair or otherwise they will lose access to key markets, so there is a strong incentive to adhere to the rules. One good example of such broker is Hotforex. 

[radex78]

On 10/31/2022 at 8:07 AM, Namu said:

Broker is a very important factor in forex. As a trader, you must choose the right broker, so that trading activities can run smoothly and comfortably. One more thing, does this FXOpen broker provide forex training and education facilities to traders?

There are so many resources to learn forex trading, FXOpen besides provides good trading condition also gives opportunity for their all client to take part in contest to get real prize, education can be obtained by fxopenforum dot com where each country has own directory. Reading from FXOpen blog, learn from videos in youtube  etc.

[Leander]

I currently trade with an old forex broker known as FP Markets, they have been in the forex business since 2005 with regulations from ASIC & CYSEC.

It has been over a year trading with them, and so far I have never come across any issues, the spreads are stable even when the market conditions are volatile.

[Dora Wi]

As a general rule of thumb it is indeed a good strategy to stick to older brokers with a solid reputation. Age is not everything, but an older broker is more likely to be safe and more liquid.

[Lechosław Król]

A strategy works as a guideline for traders. A trader can’t derive good amount of profit from the market until he or she has a flourished trading strategy. And traders have to struggle for developing a good trading strategy. Eurotrader hardly puts any restriction on strategy usage.

[radex78]

First time looking the broker, trader will make research and reason why they interest to choose the broker. Choosing old broker included one reason trader using the service because assumed old broker more reliable and safe, grateful I choose FXOpen so far still become legit broker.