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Best Forex Broker?

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The “best” forex broker will often be a matter of individual preference. It may come down to the pairs you need to trade, the platform, trading using spot markets or per point or simple ease of use requirements.

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In My opinion, best broker changes based on what your personal requirements are, and what are your personal preferences and what you want to invest in... for me I had a good experience trading with BMFN due to where i live, and the variety of financial instruments I got, with guidance etc... They have a lot of diversity when it comes to financial instruments like FX, CFDs on shares and commodities; and they provide the MetaTrader 4 platform which was super convenient and user friendly with their guidance. I felt like they offered pretty low spreads approximately around 1.4 pips compared to the usual 1.7/8 so in hindsite i ended up making more;  and i used the leverage option of 200:1 but it goes all the way upto 400:1 i assume. The best part was I didn't have to pay any brokerage or commissions only the spread, If i'm not wrong their minimum deposit was around $50 I began with $8500 to start with... But based on everyones personal experience, their best broker varies! 

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I would say that there is no such thing as best brokers, sh*t happens sometimes with all of them especially since they have no control over their liquidity providers, when they fail, everybody blame brokers, but NDD brokers are simply mediators and it's not their fault nor their usual practice. An examples of STP broker is Hotforex. 

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On 9/10/2020 at 8:05 AM, fxeconomist said:

I would say that there is no such thing as best brokers, sh*t happens sometimes with all of them especially since they have no control over their liquidity providers, when they fail, everybody blame brokers, but NDD brokers are simply mediators and it's not their fault nor their usual practice. An examples of STP broker is Hotforex. 

Agreed. What makes them interesting or not is their jurisdiction and the regulatory authority. Those NEED to be good ans serious. Everything else is secondary.

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On 9/18/2020 at 1:47 PM, landorra said:

Agreed. What makes them interesting or not is their jurisdiction and the regulatory authority. Those NEED to be good ans serious. Everything else is secondary.

Do you mean Hotforex or other broker? Can you share your experience of dealing with them? 

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On 9/24/2020 at 5:17 PM, fxeconomist said:

Do you mean Hotforex or other broker? Can you share your experience of dealing with them? 

I was talking about brokers in general.

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I always say there is not such thing as best broker, given the wide range of factors, but its easier to place them in to two categories, good ones and bad ones, goood ones that last and pay out with good conditions, bad ones that will milk you dry. 

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On 10/9/2020 at 2:17 PM, barako said:

I always say there is not such thing as best broker, given the wide range of factors, but its easier to place them in to two categories, good ones and bad ones, goood ones that last and pay out with good conditions, bad ones that will milk you dry. 

Which broker or brokers are you trading with? Please share your experience and tips.

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I believe that instead of looking for the best broker, you should try to enrich your skills and become an efficient trader, else you could join the regulated brokers to avoid losses.

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