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Forex
How To Choose A Good Forex Broker
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[QUOTE="GabrielPod, post: 251936, member: 80857"] Well, sorry to say but I see that you are not very experienced in this, you have a lot more to learn. But don't worry, it takes time and as long as you are focused on learning you can find all answers online starting with blogs like: how to find a good broker. Now, about me I am working in the industry for about 5 years so I know things inside out... About turnkeyforex: [LIST] [*]they are unregulated 100% you can notice that by scrolling down and checking for a licence nr... if you open any legit broker and always you will find the licence registration nr on the bottom. Now, this is a red flag for clients on it's own but also is a problem for the broker as they lack the papers need to get deal with a proper Liquidity Provider, which is the part that takes the orders in an STP/ECN broker [*]if they are STP/ECN they can't have bonus...as said above, nobody gives you risk free money...EVER! [*]many regulated brokers also lie about being STP/ECN or have better bonuses that don't give them exposure to the market, like bonuses that you can't lose, the broker I work for goes for the second option [*]low spreads also don't work hand in hand with STP/ECN as even from logic standpoint the broker makes money only from that, so a broker still needs some spread to support itself, exception are broker very very big that have that many clients that afford to have a smaller profit margin [/LIST] In the end of the day is not much about ECN or STP, if the broker is against you you will always lose, so try to find a broker that has a long term vision. But generally stay away of too good to be true, big bonuses ( bonuses in general are not for your benefit, it is just marketing) and try to stay away from companies that have account manager that always asks you to invest more or in more expensive assets. [/QUOTE]
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