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May 31, 2011 10:15 am
#1
AKFX User

ارسالها: 8
تاریخ عضویت: 24/05/2011

What is the most important for you while choosing with which broker to trade with, is it : spred, leverage, platfrom, support, bonuses, speed of ecxecution, min deposit....??

May 31, 2011 10:31 am
nida Mirrorbeta

ارسالها: 48
تاریخ عضویت: 08/05/2011

I think this is little tricky. I have read so many forums about this topic and every one has different view. [sick]

I belive, first you need to think about the regulation and reputation.

Regulation will help you feel confident when you put your money with the broker. At least you know there is an independent body where you can complain to in case you have a problem with your withdrawals or even your trading.

spread and speed of execution comes next to make sure your are not paying more for the same product. Its like you buy the same item with same brand from different shops and each giving you a different price. To make sure you have received the fair or low spread on that item, you will need best execution. Otherwise, its like the sales man say, our sale price is lower than anybody else, but you can't buy it.

Then support, as you need a service support offered 24/5 during your trading hours in case there is a technical issue which require the support team to resolve it.

https://www.fxstat.com/widget/link?t=wide&c=2&s=25011&o1=growth&o2=drawdown&o3=monthly&o4=equity

May 31, 2011 10:37 am
Champ User

ارسالها: 711
تاریخ عضویت: 17/05/2011

Very tough to choose from these points. I will explain how I see it.

Spread matters a lot.

Leverage cannot be most important

Platform does matter and any bug in platform can cause high loss

Support is another important but not most important element.

Bonuses...... no way.

Speed of execution matters.

Minimum deposit can be the very important element if you dont have enough capital. Most of the brokers have very low capital requirements.

 

In my opinion the factors should be rated as

 

1 --> Spread

2--> Platform

3 --> Speed of execution

4 --> Support

5 --> Leverage

6 --> Bonuses

7 --> Min deposit (Its ranking can change if you dont have good capital investment)

http://www.fxstat.com/widget/link?t=tiny&c=1&s=24959&o1=growth&o2=drawdown&o3=profitfactor

May 31, 2011 12:10 pm

ارسالها: 939
تاریخ عضویت: 21/04/2011

I will rank it as

1- Spread, 2- Speed of Execution, 3- Support, 4-Platform, 5- Bonus, 6- Leverage, 7- Min Deposit

Stick to your rules

May 31, 2011 05:03 pm
Sasha User

ارسالها: 836
تاریخ عضویت: 16/05/2011

I agree with nida that you must check the reputation and registration status of the broker.

I will rank the given factors as

1- Spread, 2- Speed of Execution, 3- Platform, 4-Support, 5- Bonus, 6- Leverage, 7- Min Deposit

Jun 01, 2011 11:43 am
ironical User

ارسالها: 734
تاریخ عضویت: 22/04/2011

I will rank the given factors as

1- Spread, 2- Platform, 3- Speed of Execution, 4- Support, 5-Bonus, 6- Min Deposit, 7- Leverage

The good or ill of a man lies within his own will. – Epictetus

Jun 01, 2011 05:13 pm
Sasha User

ارسالها: 836
تاریخ عضویت: 16/05/2011

I think Spread wins

[cool]

Jun 03, 2011 04:18 pm

ارسالها: 939
تاریخ عضویت: 21/04/2011

Yup, It is very important factor in choosing a broker.

Stick to your rules

Jun 27, 2011 04:47 pm
Fadi0143 User

ارسالها: 2
تاریخ عضویت: 27/06/2011

ya this is very nise i love it

 

[grin]

Jul 12, 2011 05:32 pm
Richde User

ارسالها: 114
تاریخ عضویت: 11/01/2011

Originally posted by AKFX
What is the most important for you while choosing with which broker to trade with, is it : spred, leverage, platfrom, support, bonuses, speed of ecxecution, min deposit....??


Choosing a broker will be always hard and will be always followed hours of reading reviews, regulations, etc. If you are smart! Having a good broker is the first stage of trading, because without that, you are beating a dead horse.

Personally what I first check at an fx broker is the relation with the publicity. I google "*broker name* review", and "*broker name* scam", so more or less I can find out does the broker deserve my time or not.

If it does, I look for their basic info. Checking their member ID at financial regulators, checking where the company is based, checking how serious the company is, checking how long they have been operating. Checking is it safe to deposit my money, checking will I be able to withdraw.

When I got to this point I have already ensured they are not market makers, they are honest, they are popular, regulated, they do not hunt your stops and manipulating the price (based on the reviews)

What I require at a broker is normal, average spreads, and a minimal 1:50 leverage. For me I prefer MetaTrader and TradeStation as platforms, support must be helpful and problem-solving, speed of ecxecution most be normal, min. deposit should be not so high. I don't care about their bonuses when I came this far, although I am happy if they offer some deposit bonus or something.

Keep it simple stupid

Aug 17, 2011 07:13 am

ارسالها: 513
تاریخ عضویت: 08/02/2011

I rank them this way...

1.Speed of Execution  2.Support 3.Spread 4.Platform


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