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Broker for beginners

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  • Broker for beginners

    In forex trading it is best to go for a broker that suits your trading style and one you find comfortable trading with and as beginners it is preferable to go for brokers that offer account with small initial capital to trade and with a good favorable trading condition. That is more reason why i trade with profiforex .

  • #2
    I think that each broker with demo could be treated as a broker for beginners, this is the only way for the beginner to survive and to have the minimum impression about Forex.

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    • #3
      Trading with small amounts also helps in checking brokers internal processes and even helps a trader to lose small if he had invested the amount with scam broker.

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      • #4
        Originally posted by WWRoamer View Post
        In forex trading it is best to go for a broker that suits your trading style and one you find comfortable trading with and as beginners it is preferable to go for brokers that offer account with small initial capital to trade and with a good favorable trading condition. That is more reason why i trade with profiforex .
        There are other reasons why the broker is very useful. I think they have one of the fastest mt4 platform. This is far better than that of FXCM that I used some months back. My stop and pending orders are always executed at good speed without slippages on the Profiforex platform.

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        • #5
          A good broker is good across, but I guess perhaps we mean by bonuses and all that eye candy. I like FreshForex because it’s good for all, but as per beginners, we can find it handy to go with their 1000 dollars no deposit bonus, so that’s fair way to begin with.

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          • #6
            Originally posted by fxgun View Post
            There are other reasons why the broker is very useful. I think they have one of the fastest mt4 platform. This is far better than that of FXCM that I used some months back. My stop and pending orders are always executed at good speed without slippages on the Profiforex platform.
            I started with this broker too. They are a very good and I like that my Withdraws are always processed. As long as I make my profit and withdraw them without any foul play, I will be ok with them..

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            • #7
              Originally posted by bigforex View Post
              I started with this broker too. They are a very good and I like that my Withdraws are always processed. As long as I make my profit and withdraw them without any foul play, I will be ok with them..
              Hahaha.. you are right. Who cares about other things when you are making profit and withdrawing it. It is so easy with profiforex and that is why I am still trading on their platform. I have made more than my initial capital since I started here.
              Get Free money to trade Forex

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              • #8
                Beginners should choose brokers that take care of their needs. I am with FreshForex broker and started doing their Demo. They have free forex education & market forecast too which helps the newbies much! There is no minimum required and traders can get started on their Real platform and start trading! With spreads starting from 0 and no re-quotes/slippages via an ECN network, you can trade comfortably and only focus on improving your skills!

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                • #9
                  It is adviced that Forex traders carry out thorough findings if his broker is regulated by cySEC or FSA in the country he is based. This protects your money from getting into wrong hands and also gives you a measure of trust.

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                  • #10
                    For beginners, it’s Investment that’s something that should be made only after we have all angle covered and worked out, it’s impossible for us to work well if we are uncertain about investment. I do it all nicely with Alpari, as they are very special for all bets! Having mighty 99% Deposit Bonus to stunning features having over 55 instruments to pick from, narrow spreads, ECN structure and we can even do Binary Option trading where there are even better schemes like 100% Bonus or Risk Free trade options, it’s truly fascinating. If anything was left then it’s covered by their FxWirePro analysis section!

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                    • #11
                      I think they should try few brokers at first and then decide which to choose. First, make sure the broker is well regulated and then try a demo, but if the broker offers a ‘no deposit bonus’ that is a huge plus for new comers to check the real trading environment even before investing real money! I tested few brokers among those I test hanseatic with free 100 bucks but leverage is capped at 1:100 so it will take more efforts to complete the challenge as long as they restrain traders from crazy casino like trades. Instaforex also offers $20 but their awful reputation…. no comments

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                      • #12
                        We need to take sure we are careful with the selection of broker, as it can make huge difference. I prefer to go with broker that has proven their worth, as in past I made mistake of joining companies like Instaforex which cost me heavily, so need to be very careful.

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                        • #13
                          Frankly speaking, I believe the best broker is one that gives us confidence and is trustworthy. I feel FreshForex is one such company that fills this jar. They are amongst the safest broker out there and are in the industry for over a decade now. But that is not just it, the conditions are marvelous having largest trade able deposit bonus which is 101%.

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                          • #14
                            Originally posted by ShielaJ29 View Post
                            Instaforex also offers $20 but their awful reputation…. no comments
                            I guess we can better check the reviews sites like forex peace army to get actual traders insights about any broker, IMO!

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                            • #15
                              Reviews sites can be really helpful in checking brokers history and trader experiences. Sites like forex peace army also have scam section to check the current issues.

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                              • #16
                                I use PaxForex they offer 500x leverage and have lower spreads on the Standard and VIP accounts with only minimum 2k deposit. They are also know to have generous deposit Bonus.

                                Overall good customer service.

                                If you want here is a promo code:

                                PaxForex – broker from traders to traders. Trade currency online simply.

                                They offer demo of course for those looking to try them out.

                                META TRADER 4 platform.

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                                • #17
                                  I am also a beginner, only catch the basis and don't know how to use R&S, is there any broker helping me it?

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                                  • #18
                                    I've only been with IMMFX for a few months, but so far I'm very happy with them, haven't had any problems at all. Generally good spreads - certainly for the major pairs anyway; orders usually go right through without requotes; no problems with running EA's (although honestly, I don't use them very often); customer service timely and helpful. So this could be a good broker for beginners.

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                                    • #19
                                      Originally posted by Jerick Schmidt View Post
                                      I've only been with IMMFX for a few months, but so far I'm very happy with them, haven't had any problems at all. Generally good spreads - certainly for the major pairs anyway; orders usually go right through without requotes; no problems with running EA's (although honestly, I don't use them very often); customer service timely and helpful. So this could be a good broker for beginners.


                                      Its a really helpful review for beginners but what professional traders would know about is how broker behaves on distance. I mean how it pays on winning strategies that profit consistently at 10K-20K profit monthly. It could really show does broker earn from commission or lives on B-booking orders.

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