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    Thread: How to distinguish a good and bad broker?

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      Default How to distinguish a good and bad broker?

      It is real hard to determine a good and a bad broker today because all of them acts like a professional broker but when you try to open an account them their services are crap as hell. Most of them, do not offer a demo account as for them demo account is just a waste of time and effort. They never believes in bonus campaigns because according to them "it is only a trap for newbies".

      What can you say guys?

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      There are many brokers currently available offering Forex services but most of them are just fraud. They do not let you open demo account until you invest some money to open an account. I have experienced this. You have to google about your broker and read the views of people about it.

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      for me personally to distinguish good broker with a bad broker is that the broker sederahana quite well they already have a lot of experience and a lot of clients that may be rare to find complaints of their clients while bad broker is a broker that is a little new clients and they often get complaints from customers

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      Maybe to distinguish good broker and bad broker is about their service and also they have regulation from goverment where they established company , and also many client always giving good vote for them which all withdraw money processing smoothly , and for me good broker is they giving opportunity for retail trader trade with bonus

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      Quote Originally Posted by omer057 View Post
      There are many brokers currently available offering Forex services but most of them are just fraud. They do not let you open demo account until you invest some money to open an account. I have experienced this. You have to google about your broker and read the views of people about it.
      Yes there are almost above 100 broker in this forex trading world but this is very much difficult to choose any one broker that will be good for him and for that reason i want to say that instaforex is the best broker in this world so don't worry just come in a close eye in this broker.

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      there are many factors which help us to judge the broker.we can judge the broker if broker has no licence of regulation and spread and re quote timing i also important for understanding the broker is good or not.funds deposit and withdrawal process also we use to check for distinguishing good and bad broker.

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      Those trader face the lose again and again and make the mistakes are bad kind of traders. But those learned from the mistakes and again refrain to perform and use the good indicators and direction of the market also earned the money are good traders.

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      I think personally that the good and bad of a broker that is located on the service can be provided by the broker itself so that a user of a trade or traders will be interested and believe they follow other than the broker that it determines in a business where we can be comfortable in doing trade without worrying about scams.

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      its depend on services. when brokers offering good services and they are regulated also, such thing explain that brokers reliable. but if traders offering no good services, and even take advantage from their own traders client, such as become stop loss hunter, etc, mean that brokers is not a good partner to traders.

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      A good broker is always regulated and a bad broker is not regulated by any government agency and simply want to run away with our hard earned money. The server or trading platform, deposit and withdrawal methods are hassle free in the good broker and worst in the bad broker. Pricing and spreads are of major concern for every trader which is good at regulated brokers.

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