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Forex Brokers Reviews

This is a discussion on Forex Brokers Reviews within the Forex Brokers forums, part of the Trading Forum category; Choosing a forex broker is not an easy task. As there are hundreds of forex brokers present there, one could ...

      
   
  1. #31
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    Choosing the Right Broker

    Choosing a forex broker is not an easy task. As there are hundreds of forex brokers present there, one could say that the forex traders are spoilt for choice. However, that is not really the case since picking a wrong broker could spell doom for a trader. It’s a matter of trusting somebody with your hard-earned money; so absolutely no lapse of caution could be permitted in this area. Below are described some of the criteria by which a forex broker could be chosen:

    The first thing you need to bear in the budget with which you’re going to enter the field. Your resources, risk capital (i.e. how much of your hard-earned money you could afford to put at stake), trading style, everything need to be carefully analysed and put under scrutiny, if you’re to find the broker who suits you the most. Different brokers require different amounts of down capital for trading, so make sure you select one who can offer you the amount that you can make do with.

    The kind of ‘lots’ a broker offers is an important point. In case you’re low on budget, you should be trading in micro lots; and also hire a broker who deals only in micro lots. Similarly, traders who prefer to trade mini or standard lots, they need to find the trader who deals in those respective lot categories.

    Make sure that the brokerage firm does not have any restrictions regarding the amount that you are allowed to have in a micro or mini account. If you’re a ‘standard lots’ trader, then you will be able to trade in mini and micro lots freely.

    If you’re a scalper, then you need to find out whether your prospective broker would allow it. A good number of brokerage firms are averse to scalping, so make sure that you have your broker’s permission in written.

    The brokerage firms must have real tight spreads if you’re aiming to do multiple trades in a day. Keep in mind that the bigger the spread, the higher would be the cost. So you should gauge your trading strategy and numbers in accordance to the amount of money you can afford to spend. The greater the number of spreads, the more money you would be spending.

    Finally, the process of depositing and withdrawing funds in and from the accounts should be easy. You should know the rules for depositing money in a particular brokerage account, and whether there is any minimum amount and specific method of deposition that one is required to follow. Many brokerage firms have a law that in case you make a deposit by a credit card, then you’d be required to only withdraw the same (or less) amount as the one you’d deposited.

    So, keep all of the above in mind, and you’re good to go.

  2. #32
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    I offer to look closer at Freshforex. The company has been successfully operating for 11 years. Here it was recently named the best broker in Asia, and technical support was also awarded as the best tech support unit. And this broker will fit those who love regular bonuses and competitions with a big reward. Right now they are running "Grand contest" contest, where you can get a BMW x6 M for the first place!

  3. #33
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    MetaTrader 5 strengthens its positions in Pakistan: four TOP 10 brokers use the platform

    MetaTrader 5 strengthens its positions in Pakistan: four TOP 10 brokers use the platform

    Forex Brokers Reviews-top_10_brokers.jpg


    "In 2015, we reported on the first broker launching MetaTrader 5 in Pakistan. A year later, four out of ten leading brokers offer the platform according to the Pakistan Mercantile Exchange (PMEX). The most remarkable thing is that MTG Financials Limited implemented MetaTrader 5 in February 2016 and found itself among the five leading brokers of Pakistan by May making an impressive leap forward in just three months!"

    read more here
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  4. #34
    member BrokersMinutes's Avatar
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    How to Find Honest Forex Broker Reviews

    How to Find Honest Forex Broker Reviews

    Forex Brokers Reviews-how-start-investing-scratch.jpg


    A. CREDIBILITY

    As we know that, reputation is playing very vital role when we are hiring forex brokers. Although you would not really use their services in terms of marketing yourself and you must make sure that you are not partnering with a run off the mill type of broker who cannot provide you with outcomes. You also must have someone whom you can trust enough with your transactions and even some vital confidential business information.

    B. NETWORK

    Your main goal of hiring a forex broker is to expand your business. Through online forex reviews, you can easily spot the industry names when it comes to forex brokering. You will know whoís who in the trade and the people who have made quite a number of following and transactions throughout the span of their career.

    C. EXPERTISE

    Reviews about forex brokers would definitely dissect the credentials of the person in discussion. After all, thatís what reviews are for. It aims to discuss the advantages and disadvantages when it comes to particular subject in term of its features. Reviews about forex brokers give you a better understanding of the professionals alongside their field of expertise and so you can identify if their expertise fits well with your business.

    But given these pros, you must also place careful observance when reading forex broker reviews. Make sure you select those that are reputable enough and have been written by professionals themselves and remember one thing reviews are based on opinion and experience.

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  5. #35
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    Everybody has different reasons. In spite of good trading strategy, I had problem with drawdown because my broker Instaforex often canceled some deals. Sometimes I had margin call from this. But on my complains it didnít react because it was according their rules.

  6. #36
    Junior Member Lackl's Avatar
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    Same EA tested with different brokers - unbelievable different results

    What do you think about this?

    REAL Brokers Reviews - Your Free Independent Forex Source

    The FX Trading Revolution is on the side of retail traders and is also here to provide other traders with the possibility to explore the truth about FX trading they should never know. The FX Trading Revolution team has tested hundreds of retail brokers around the world and you can see real account results below.

    You will find only unbiased and true information here - the team FX Trading Revolution is not an Introducing Broker or Affiliate partner of any brokerage companies.
    Criteria of the tests
    We had to keep a lot of criteria in mind during our extensive and complex tests of brokerage companies on real trading accounts. However to summarize, our four main criteria are:

    Regulation and capital security
    Trading conditions - especially trade execution (slippage) has a high priority as this is an extremely important factor for every trader (for more information - take a look at our Brokers Truth page)
    Other trading conditions (spread / commission / swaps etc.) and technologies (stability, latency etc.)
    Trading deposits and withdrawals - especially the duration of transactions

    Mainly based on the criteria above we have created a list of FX brokers. To make the list as clear as possible, we show only a star review and a place in the first real accounts brokers reviews by the FX Trading Revolution team. We have tested hundreds of brokers around the world and in the table below we show top 25 brokers based on the number of clients.
    ​FX Revolution Rank
    1
    Brokerage
    Picture
    Axiory Europe
    Real results*​
    30 768 USD
    Review
    Picture
    Excellent trade execution!
    2
    Picture
    LMAX
    26 251 USD
    Picture
    Very good trade execution.
    3
    Picture
    ATC Brokers
    25 897 USD
    Picture
    Very good trade execution.
    4
    Picture
    FXOpen
    ​23 970 USD
    Picture
    5
    Picture
    Pepperstone
    ​24 254 USD
    Picture
    6
    Picture
    Swissquote
    21 056 USD
    Picture
    7
    Picture
    IC Markets
    19 547 USD
    Picture
    8
    Picture
    Octa FX
    19 784 USD
    Picture
    9
    Picture
    Dukascopy
    15 239 USD
    Picture
    10
    Picture
    InterbankFX
    21 056 USD
    Picture
    11
    Picture
    FXCM
    14 520 USD
    Picture
    12
    Picture
    Oanda
    13 748 USD
    Picture
    13
    Picture
    Hantec Markets
    12 196 USD
    Picture
    14
    Picture
    ETX Capital
    10 369 USD
    Picture
    15
    Picture
    FXPro
    7 980 USD
    Picture
    16
    Picture
    X-Trade Brokers
    6 580 USD
    Picture
    17
    Picture
    XM.COM
    6 123 USD
    Picture
    18
    Picture
    Exness
    2 147 USD
    Picture
    19
    Picture
    FXTM
    ​125 USD​
    Picture
    20
    Picture
    Saxo Bank
    - 2 478 USD
    Picture
    21
    Picture
    FXDD
    - 1 569 USD
    Picture
    22
    Picture
    HotForex
    - 3 650 USD
    Picture
    23
    Picture
    Markets.com, Forex.com - 5 940 USD
    Picture
    24
    Picture
    Iron FX
    - 9 690 USD
    Picture
    25
    Picture
    InstaForex
    - 7 866 USD
    Picture
    *Real results: results achieved on real accounts with exactly the same trading strategy.
    enjoy every day of your life

  7. #37
    Junior Member Lackl's Avatar
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    Is Your Broker Eating Your Lunch?

    enjoy every day of your life

  8. #38
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    Forex brokers rating

    ECN Forex brokers, best brokers for scalping and news trading.
    fx-brokers-review.com

  9. #39
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    MT5 for stock market

    Forex Brokers Reviews-sdsd.jpg


    https://halifax.com.au/download-meta-trader5/
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  10. #40
    member BrokersMinutes's Avatar
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    Forex Industry Week Review: Playtech buys CFH, Binary Options association meets, LCG share issue, and lots moreÖ

    Forex Brokers Reviews-forex-license-720x242.jpg


    Playtech acquires CFH Group for $120 million
    Online gaming technology company Playtech PLC (LON:PTEC), which was unsuccessful last year in its attempts to buy Retail Forex brokers AvaTade and Plus500 is once again attempting to increase its footprint in the FX world by agreeing to acquire institutional Forex player CFH Group for $120 million.

    Binary Options industry association EUBOA holds meeting #3.
    the new binary options industry association EUBOA held its third board meeting last week, this time in Israel. The first two EUBOA meetings took place in Cyprus.

    LCG issues 5 million shares to new brand ambassador Stan Wawrinka.
    UK online trading firm London Capital Group Holdings plc (LON:LCG) has made a regulatory filing indicating that ATP World Tennis #3 player and reigning US Open champion Stan Wawrinka has been issued 5 million LCG shares as part of his association with the company.

    EZTrader.com has another tough quarter: $3.2 million Q3 loss, Going Concern doubt.
    Another rough quarter at Binary Options brokerage group EZTD Inc, which seems to somehow keeps raising more money to stay in business.

    Israelís ISA hands out first-ever Binary Options Broker fine.
    Israel financial regulator the Israel Securities Association (ISA) has handed out its first-ever fine to a Binary Options broker, for engaging in unregulated binary trades with Israeli clients.

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