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    Thread: How to distinguish a good and bad broker?

    1. #21
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      We are not having any meter which is going to tell us that which is the good broker and which is the worst broker.There is a way that we can judge the broker and that is read the views of different traders about the different brokers.


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    3. #22
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      i dont know much about forex broker as far i only trade in instaforex, exness and ********* but for now i only trade on instaforex because i think trade on single broker is better because it make me more easy to focuss on my trade soo i know nothing about the broker
      Nekad Trading the best forex trading strategy


    4. #23
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      Dear define good or bed broker not easy job. because we have to know every things about a broker service. according me those broker is better than other.
      who;

      > Arrange free Training [ demo trade, demo contest, analysis contest etc.]
      > Affiliate service and bonus programing by forum posting.
      > Low spread
      > Quick time withdraw
      > All EPS system supported
      > 24 Hour Online Communication system


    5. #24
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      Those traders who get the money from this business and use the good trend during the trading also avoid from the mistakes are successful and good traders and who face the loss and has not proper skill of knowledge are bad traders.


    6. #25
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      If its paying then its good. If you don't see any problem with price movement then its good. I do love to trade multiple forex broker sites and multiple trading accounts. And sometime I compare the price movement of each forex broker sites. Especially when the market is so volatile. I do see that theirs sometimes a 5 to 10 pips difference when their is a spike.


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      InstaForex is a very good forex broker and gives the opportunity for new traders to trade on a real account using their bonus and make profit from it. Many other brokers have demo trading accounts which a new trader can train its skills only for a limited amount of time, like one Month, or less. Many of them of-course don't accept new traders, but only professionals.


    8. #27
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      Well, it is easy to distinguish a good and a bad broker. First of all, good broker usually will provide fast deposit and withdrawal. Next, the spread is not big and there is no commission applied when you open an order. While bad broker usually will give late deposit and withdrawal. They also provide big spread and charged on trades.


    9. #28
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      there are thousands of existing brokers, most of them cheating with various things and ultimately complicate the process when a trader wants to withdraw. difficult for us as traders to know one by one on their honesty in serving customers, for it should we find out the legality and regulation. before opening an account then you should first check on government regulation and good broker then of course already getting regulation of government in which the company was established.


    10. #29
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      Quote Originally Posted by bulastika View Post
      If its paying then its good. If you don't see any problem with price movement then its good. I do love to trade multiple forex broker sites and multiple trading accounts. And sometime I compare the price movement of each forex broker sites. Especially when the market is so volatile. I do see that theirs sometimes a 5 to 10 pips difference when their is a spike.

      There are brokers who are not paying their traders at all, and even if they do it takes them months to resolve the problem. That is not really a good broker there are many examples of such brokers. The brokers hesitate to pay their traders when they are making profit and they want to withdraw. They hope that if they delay the payment the traders will try to enter into other traders and will probably lose which is not right for brokers to work in that method.


    11. #30
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      I think to me a good broker is a broker that has good reputations, though there is no perfection and some broker that does good will still be accused for doing wrong things.

      However, a broker that issues out fast payment for me the broker is a good broker and should be the broker any one should use, also a regulated broker as well need to be consider being good.


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