What are looking for in a good broker?

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Originally Posted by kalpeshmkm

1. no slippage
2. small spreads on majors
3. ability to put trailing entry orders, OCO, If/Then etc.
4. per lot limit/stop loss orders
5. less then $1k minimum starting account size
6. easy to deposit/withdraw funds (no transaction fee for that)
7. preferably 'no-java' platform but it's low priority

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I like your list of what should be looked for in a good broker but as for point number 5, I think that it is way too high to say that hte minimum account size should be less than 1k minimum, the minimum start up capital shouldn't be more than $50 since traders might want to practice with a cent account.

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Originally Posted by antosco

I like your list of what should be looked for in a good broker but as for point number 5, I think that it is way too high to say that hte minimum account size should be less than 1k minimum, the minimum start up capital shouldn't be more than $50 since traders might want to practice with a cent account.

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I think there is no limit to the capital we have, if I menuut better is that we concentrate on our trading skills, we should have a good trading skill if you want to get success in the forex business.

Excellent dealer need to keep beneath the auspices of your distinct standard bank...
And also typically an excellent forex trading brokerages have got took part in and also listed beneath the bank in the united states the location where the brokerage is situated or perhaps functions.

Since in america brokerages needs to be listed Futures Percentage Product owner (FCM), the particular Product Futures Investing Percentage (CFTC) plus a member of the particular NFA. The particular CFTC and also NFA completed to guard dealers in opposition to fraudulence, treatment, or perhaps against the law investing procedures. Typically the particular dealer can record the particular position regarding Governed (account) they may be about his / her web site. Yet needless to say we have to furthermore carry out double-check, just how, simply by complementing on the webpage with the economic organization.

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Originally Posted by raju15

because good broker give some facilities.some broker give free bonus .but the main reason is many broker cheat with trader ,they don't close order when the order was closed by trader.so good broker is very important for us.

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broker will be popular if there is a lot of facilities that is given to traders they get the ease of trading fraud because traders are not closing the account and is still ongoing and are calculated by broker

I think how much we open a demo account is to equalize the capital that we will use. it will be very unwise if we are trading with a small capital and the capital of the demo account. or we can calculate its own laverage used.

well once you give tips, thank you for reminding me in determining the strategy, although sometimes emotional distress, especially when the price often comes in a high volatility, but the risk reward ratio that we have specified, then the long-term trading profits would be obtained

there is a lot broker in the forex market who are performing their business very smoothly. but among them we have to select the good broker whose financial capability is strong and can give the facility of scalping and high margin loan.

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Originally Posted by shorif

Excellent dealer need to keep beneath the auspices of your distinct standard bank...
And also typically an excellent forex trading brokerages have got took part in and also listed beneath the bank in the united states the location where the brokerage is situated or perhaps functions.

Since in america brokerages needs to be listed Futures Percentage Product owner (FCM), the particular Product Futures Investing Percentage (CFTC) plus a member of the particular NFA. The particular CFTC and also NFA completed to guard dealers in opposition to fraudulence, treatment, or perhaps against the law investing procedures. Typically the particular dealer can record the particular position regarding Governed (account) they may be about his / her web site. Yet needless to say we have to furthermore carry out double-check, just how, simply by complementing on the webpage with the economic organization.

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if we are under bank finance, we must continue to make every effort to make it safe because if we go bankrupt then our money will disappear quickly

Good broker is broker which has good reputation to its clients and also broker which had regulation from FSA or NFA.
The most important is regulation because it was guarantee from broker that they won't be scam broker. I don't say if
all brokers which didn't have regulation will scam us but regulation will be better to support us.

I think good trader broker means which broker give good opportunity to the trader and also i think most popular brokers are good broker because these broker establish their reputation in this market to the trader and giving good performance.