Author Topic: How are we going to check the reliability of a broker?  (Read 754 times)

Offline luisamiley

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How are we going to check the reliability of a broker?
« on: April 29, 2016, 10:12:56 AM »
How are we going to check the reliability of a broker?

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How are we going to check the reliability of a broker?
« on: April 29, 2016, 10:12:56 AM »

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Offline Terry Pumpkin

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Re: How are we going to check the reliability of a broker?
« Reply #1 on: May 08, 2016, 02:38:58 PM »
Firstly, we need to check whether the broker is regulated or not, if we?re working with a regulated company then it will definitely blow out the risk, but without that we will always be in chance to catch wrong company.  I?m extremely fortunate to be with OctaFX, it?s a regulated company with having great reputation, so it?s always a great pleasure to be with such broker that we can rely upon and helps us winning all so much regularly without trouble.

Offline luisamiley

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Re: How are we going to check the reliability of a broker?
« Reply #2 on: May 12, 2016, 10:02:22 AM »
Wow! Glad you found a broker that suits your needs. You know,  I tried your broker but I haven't made any profits. The trading system is not fit for my trading style. :(

Offline vic84

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Re: How are we going to check the reliability of a broker?
« Reply #3 on: May 12, 2016, 05:59:49 PM »
To check the reliability of a broker its better to get feeback on forums or you can also contact clients of that broker to make sure the feedback you get is genuine.

Offline Grahamaus

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Re: How are we going to check the reliability of a broker?
« Reply #4 on: May 14, 2016, 06:25:56 AM »
A lot of information, but I would like to learn more about the broker. How many years has it been in the market, what is its regulation authority, whether there it has a license and so on. As for me, I prefer FreshForex for trading.

Offline Terry Pumpkin

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Re: How are we going to check the reliability of a broker?
« Reply #5 on: May 27, 2016, 07:57:10 PM »
Grahamaus, I believe 2 things are much more important now.  Firstly, we should seek broker which is regulated but more importantly got to have reputation that one can rely upon.  Secondly, it?s massive requirement that broker should be ECN.  Now, I will shift towards FreshForex and I am sorry to say they?re having issues with re quote and slippage, this is why they cancelled it just recently, so I will wait to see if they?re really true to their words, but till then I won?t risk my money with them instead I prefer award winning ECN broker in OctaFX especially with their cTrdaer platform.

Offline vic84

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Re: How are we going to check the reliability of a broker?
« Reply #6 on: May 29, 2016, 06:32:54 PM »
There are many brokers  in the market and it gets very hard to check which one is good, but you can ask someone who is already trading with the broker you wish to open account with.

Offline Terry Pumpkin

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Re: How are we going to check the reliability of a broker?
« Reply #7 on: June 06, 2016, 01:48:47 PM »
Vic84, I believe the better option is to check with market reputation since that shows us with clear picture.  I am joined under OctaFX broker and I am completely satisfied with them.  They?re regulated plus a true ECN company and for which they have even won the award for Best ECN broker, so that?s why working with them is ever so special and really helps in every thinkable way which is why I love working with them and leads me to great profits.

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Re: How are we going to check the reliability of a broker?
« Reply #7 on: June 06, 2016, 01:48:47 PM »

 

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