Choosing the right Forex broker!

**Zachary Davis** · 11-03-2016, 01:17 PM

Hello Forum members! This thread is only for new Forex traders who actually don’t know how to pick up a good trading platform in Forex business! I may add here some suggestions for you thus you can choose your trading platform manually.

To be honest, a Forex broker plays the role as middle man that matches up buyers and sellers for Forex transaction! In Forex market, there are several types of Forex broker, but we have to choose only where we get best live trading environment as well as enough capital security.
You should consider the factors below before choosing your Forex broker:

1) Research: Before working with a particular Forex broker you have to study on various trading platforms! In addition, finally you need to select the broker where you get all of requirement that I needed. Like, leverage facility, low trading spread, no slippage, no requotes etc.

2) Demo first: In addition, if you get a suitable broker with all of your requirements, then use their demo service first, then you would get clear idea on their real activities. If you have any specific trading strategy or system, they use it in your practice account.

3) Live trading: Yeah, this is your final place! If you are satisfied on their demo trading facilities and features then go for their live trading! Definitely you have to invest your money into regulated broker only!

I know, it’s a long term process but much reliable! Never and ever select your trading platform only based on others suggestion! Happy trading!

**Andre Silva** · 11-03-2016, 01:46 PM

Originally Posted by Zachary Davis

Hello Forum members! This thread is only for new Forex traders who actually don’t know how to pick up a good trading platform in Forex business! I may add here some suggestions for you thus you can choose your trading platform manually.

To be honest, a Forex broker plays the role as middle man that matches up buyers and sellers for Forex transaction! In Forex market, there are several types of Forex broker, but we have to choose only where we get best live trading environment as well as enough capital security.
You should consider the factors below before choosing your Forex broker:

1) Research: Before working with a particular Forex broker you have to study on various trading platforms! In addition, finally you need to select the broker where you get all of requirement that I needed. Like, leverage facility, low trading spread, no slippage, no requotes etc.

2) Demo first: In addition, if you get a suitable broker with all of your requirements, then use their demo service first, then you would get clear idea on their real activities. If you have any specific trading strategy or system, they use it in your practice account.

3) Live trading: Yeah, this is your final place! If you are satisfied on their demo trading facilities and features then go for their live trading! Definitely you have to invest your money into regulated broker only!

I know, it’s a long term process but much reliable! Never and ever select your trading platform only based on others suggestion! Happy trading!

Obviously, this is very useful Article for sure; thank you very much for your contribution! Communication is really as useful tool at the moment, so we should try our best to communicate with broker! In addition, during demo sessions, we have to concentrate on their offers and actual activities! Like some brokers offer fixed trading spread facility but they are not in real market!

**Ricard Dorman** · 11-03-2016, 01:53 PM

Basically, I have selected my trading platform based on instant transaction facility! Because, I seem good trading brokers are always active on transaction process, where market maker brokers are not! But I see, maximum new Forex traders select their broker according to big bonus or high leverage problems! That’s really wrong mind set! Without broker regulation, any facility or offer is meaningless, because non-regulated brokers break their commitment as always!

**Noin1976** · 11-04-2016, 02:54 PM

In Forex every trader has choice to choose his broker by own and start trading with it but broker always should be regulated and perfect in its approach. With regulated broker your money will be in safe hands and no worry about loosing your money.

**HarysMumtaz** · 11-21-2016, 02:50 PM

Choosing the right Forex broker is the most difficult task for a beginners to kickstart his journey. Although there are many good brokers out there, but we barely find the right ones because scam brokers are large in quantity ... however, I'm lucky to have find the perfect one for me.

I've been trading with IMMFx for 6 months. I have enjoyed their customer service tremendously. It is very friendly yet professional. I mostly trade large volumes and the system is always up and running. Also the spreads are variable. I would recommend this broker to anyone.

**gals** · 12-29-2016, 09:40 PM

Originally Posted by Zachary Davis

You should consider the factors below before choosing your Forex broker:

1) Research: Before working with a particular Forex broker you have to study on various trading platforms! In addition, finally you need to select the broker where you get all of requirement that I needed. Like, leverage facility, low trading spread, no slippage, no requotes etc.

2) Demo first: In addition, if you get a suitable broker with all of your requirements, then use their demo service first, then you would get clear idea on their real activities. If you have any specific trading strategy or system, they use it in your practice account.

3) Live trading: Yeah, this is your final place! If you are satisfied on their demo trading facilities and features then go for their live trading! Definitely you have to invest your money into regulated broker only!

A right trading partner / broker is really helpful in achieving our targets however, it is really hard finding the right broker these days because with every coming day we heard new broker joining us and old brokers winding up each day. I guess it's good to follow the instructions mentioned above while choosing any decent broker.

**Marcus Reilly** · 05-06-2017, 09:49 PM

Selecting a good trading broker is very important issue in Forex! No one can success here with a market maker Forex broker! Reliable Forex broker always helps their traders to make handsome money by providing good trading services while market maker Forex brokers always steal trader’s money! From my 1^st day of trading, I was very sincere on that issue; even I used the broker where was available enough educational programs!

**Jillur Rahman** · 06-07-2017, 04:27 PM

You are absolutely right, only regulated Forex brokers are able to provide protective trading environment! It’s not, a number of new Forex traders can’t go with perfect Forex broker, since they don’t know, how to pick up a good Forex broker! In this case, broker review sites would be helpful. I see, in there traders are sharing their personal experience so willingly! But before investing real money, traders should use the demo service of this specific broker!