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Importance of Comparing Forex Brokers


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it's far regularly hard to choose a proper forex broker, this is why we've got composed a foreign exchange broking contrast desk. With the assist of this device you'll be capable of quickly preview the brokers, their guidelines, leverage to be had and most importantly – fx bonus deals that you may get with the aid of commencing an account with one of the brokers! take a look at http://forexbonuslab.com/compare-forex-brokers/

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  • 2 months later...

I would go ahead and compare instaforex to CTOption, or 24Option to Forex-metal, but the truth, it is your experience with the respective broker that really matters. While its true that some brokers are better than the others, you have to have a live experience with each of them to be able to come up with the best broker, based on your own experience, not what you you've read

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  • 2 weeks later...

@prissila, you can't just conclude its depend on individual trader the type of quality service which the trader need from the broker,sometime the spread which the broker charge is another motivated quality which the trader also look for in a broker plartform. We also need to have some experience with some of them leverage is another good quality which some traders love chosing broker for, please visit : http://alpari.com to get great service share with your friends they may be in need of it.

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  • 2 weeks later...

@prissila, you can't just conclude its depend on individual trader the type of quality service which the trader need from the broker,sometime the spread which the broker charge is another motivated quality which the trader also look for in a broker plartform. We also need to have some experience with some of them leverage is another good quality which some traders love chosing broker for, please visit : http://alpari.com to get great service share with your friends they may be in need of it.

Hello, Yes I understand what You are saying, but have you noticed that Alpari was fined $200,000 for cancelling illicit traders?? is this a great service you are reffering to? Thank you!

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  • 2 weeks later...

If someone want to know a broker live situation the best thing you can do is through 2 steps first learn from reviews, from good to bad no matter how sound fake that one. Compare it and after that try its demo account first. With this you can already conclude which broker that is more suitable for you and you only need less or no money out from your pocket.

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Comparing each brokers is a good thing, and if there is a site that do the thing then it will give a positive effect to all traders because there are some thing which can be finished with compare one broker's feature to the other brokers and one of them is spread, it will be more useful for traders who just start their business.

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  • 2 weeks later...

Comparing each brokers is a good thing, and if there is a site that do the thing then it will give a positive effect to all traders because there are some thing which can be finished with compare one broker's feature to the other brokers and one of them is spread, it will be more useful for traders who just start their business.

That is good but how do we know that comparison has real time data about one or two broker? For example, spreads comparison? If they have it that is not a big deal but how about if that isn't real time data? It would be so hard. In fact if the real data which comparison site use is real it would be so much helpful but mostly don't have it.

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  • 1 month later...

Comparing broker is very important for traders to get the right broker. Forex is a business that has a high risk, to succeed in forex then we need to be able to get the conditions were really comfortable. Comfortable conditions we can get to get the right broker

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Dolgart, it’s pretty tough to understand what you mean there, I believe leverage size has nothing with the standard of the broker. I am currently using OctaFX and they offer high leverage up to 1:500, you can bet on their quality with winning 14 awards in just 4 years, it’s not any mean achievement and reason why they are rated so highly, I believe if we want to be successful in a business like Forex then we got to have broker that we can rely upon, so our first comparison needs to be upon reliability and then go on with all the conditions and all that, it means nothing to have greatest conditions with ordinary broker in terms of reliability.

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I heard, that all brockers with leverage more than 1:10 are kitchens. Is it true?

 

Every broker has own strategy and has trading condition which will be give benefit for a trader. In my broker ( TICKMILL ), Client can choose the appropriate leverage when they open the account or at a later by contacting customer support. The default leverage is 1:500. Higher leverage means higher risks. Trading condition : Forex instruments: 62 currency pairs, Execution model: DMA, NDD , STP, Margin call / stop-out: 100% / 30% , Trading style on Exchange account: all trading styles are accepted including high-frequency and high volume trading with EA-s and algos, hedging allowed

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If already as tarder they want to investing huge money, choosing good broker is important to avoid scam broker, and one issue which  very important as trader is they must choose broker that have regulated, I think if you in doubt hence you can ask question to contact support about this matter or reading about company on website

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Many people for sure love it since comparing broker one to the others would bring benefit for them at least they know what kind of broker they need and to choose near-suitable or suitable broker for them. With comparing brokers we can give our best to the broker we choose because based on comparison that broker is the most suitable for us.

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Usually, as scalping trader they will more prefer trade with broker that has low spread and it will giving more benefit for them, if compared with broker that offer higher spread scalping trader will making comparison to trade with these strategy on broker, but maybe not all broker allow scalping so beter understand also with rules broker

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Logically they would prefer a broker with low spread, since for scalpers the amount of money is crucial and one pipette even worthy for them. Comparing broker still important in our early research, if we cannot find the most suitable or better one for us, usually we compare one to the other broker isn't it?

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Nice post comparing different brokers give us best choice to do work in forex market . I select some good brokers as fresh forex , Master forex and FXCM and others then see what suits me according to my needs. I think all are working good use  demo of them before investment.

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Yes of course we need comparing broker if weant investng huge money, but might we also can trying to deversify capital on several broker, so we also can have experience how withdrawn processed each broker and we will understand the best service betwen broker, now I am also sue forexmart and I see positive vote because many trader also use this broker

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Yes of course we need comparing broker if weant investng huge money, but might we also can trying to deversify capital on several broker, so we also can have experience how withdrawn processed each broker and we will understand the best service betwen broker, now I am also sue forexmart and I see positive vote because many trader also use this broker

 

Radex, I believe you haven’t seen too many broker or else you would never be putting Forexmart into the best category. I trade with OctaFX broker and just compare that with FM and you won’t need magnifying glass to realize the gap in quality and conditions, I will be joking if I say OctaFX is better, it’s head and shoulder above and just recently they were nominated as the Best International Broker, it shows us the picture of what quality this broker is about and joining any other company instead of this, it will be crazy, to say the least! Also, you can 24/5 contact their support service which is not what you get from ordinary brokers like one you are talking about.

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well, its okay to compare brokers so you can look if who among them are better broker for you. must checked first if the broker is reliable and can help you to get good profit and not loss. compare them by their reliability and if you can trust them your money.

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  • 1 year later...

I think that by making a comparison trader can see which broker that is more suitable for them in long term, or which broker is reliable for them. As for others, we can use it as our reference when we recommend a broker to our family or friends. Not all brokers are good and this is one of the way to know about it.

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  • 1 year later...

For leading a successful journey ahead, traders will always require reliable broker that will perform the task of intermediary between them and the market. But not all brokers are equally proficient of course. For this reason, it is necessary to compare the effectiveness of various forex brokers available in the forex market. And when a trader tries to go for a forex broker, he must be watchful in choosing regulated broker.

 

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I would go ahead and compare instaforex to CTOption, or 24Option to Forex-metal, but the truth, it is your experience with the respective broker that really matters. While its true that some brokers are better than the others, you have to have a live experience with each of them to be able to come up with the best broker, based on your own experience, not what you you've read

How long have you been trading with instaforex? I wont compare Forex-Metal to 24options, I think FXMetal is superior!

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