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freestown7 · Veteran Member

How do I find a trustworthy broker trading Forex?

ballytop · Veteran Member

First of all you need to check whether a broker is a scammer or not. There are a lot of companies specializing on such satiations. I recommend to give a try to that resource scambrokersreviews.com/ containing all possible information about scammers and the steps to be undertaken in order to understand whether you can trust this broker or not. This step is the most essential. Please mind that. I hope it will make sense for you

Carlos · Veteran Member

freestown7 wrote:
How do I find a trustworthy broker trading Forex?

Reputation is everything. Do your research. Find out what regulatory authority they are operating under, go to that authority’s website and see what sort of complaints, if any, have been filed against them. While there also see if the broker has had any actions taken against them by that authority and if they have taken steps to resolve all complaints and actions. If the broker you’re wanting to use is operating in a country that has a weak regulatory structure then proceed slowly. Try out that broker with a small amount of capital and execute a handful of small trades (and make sure you do this outside of fast-market conditions, like NFP). Assuming you’re able to make a return on that committed capital attempt a couple of withdrawals to see if they are handled expeditiously. If not, better to look for another broker.

Osborn23 · Newbie

To understand how reliable a broker is, you have to check how many years he has been trading. I have trusted RoboMarkets for a long time https://www.robomarkets.com/beginners/info/charts/forex/; here, I am confident in my assets. There is always a possibility to diversify my portfolio by investing money in several different assets. For me, it is the most important indicator of a broker's reliability!

-- Edited by Osborn23 on Wednesday 11th of May 2022 09:20:56 AM

saruonhosarin · Veteran Member

To guide you in finding a trustworthy forex broker, I think you should check this list of the best forex brokers in Kenya created and filtered by Brokersview

Date: Dec 22, 2022

freestown7 wrote:
How do I find a trustworthy broker trading Forex?

Hello, my friend. It all depends on the type of trading you have chosen for yourself; if you are still in the selection stage, I recommend that you try day trading; this is a very popular type of trading with very high earnings; to learn how to do it correctly, read the article.

chengwen · Newbie

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