What is the best broker for trading on Forex or the stock exchange, suitable for any trader
Surprisingly, novice traders spend the most time searching for the answer to the question “Which broker is the best?”
Everyone is afraid of making a mistake in their choice, fearing that the brokerage company will start working against them; besides, comfortable trading conditions are not the last aspect.
I am also often asked by email which broker is best for a beginner and who I would personally recommend.
In order not to answer each letter separately, I will try to answer this question in this article.
First of all, it should be noted that searching for a brokerage company exclusively for a beginner is a mistake; it is advisable to immediately find a broker with whom you can work on an ongoing basis.
Because you don’t really want to change anything in six months, even if the company no longer meets your requirements, and it’s quite difficult to break the habit.
What criteria should a broker meet for a beginner and not only?
First of all, it must be a reliable company with a good reputation that has existed for more than one year.
Next you should pay attention to the following parameters:
Availability of a no deposit bonus - most beginners lose their deposit, so why lose your money if you can try trading with a bonus.
Having a cent account is also an important point, since despite the ubiquitous presence of demo accounts, trading on a cent account is a slightly different experience, and the amount of losses is minimal.
No trading restrictions - that is, there should be no restriction on the minimum duration of a transaction, restrictions on the use of advisors or other strategies. You yourself may not yet know which trading strategy will become your main one.
A convenient option for replenishment and, accordingly, withdrawal of funds, such a small thing actually creates certain inconveniences in the work, the more options, the better. Popular replenishment options .
Trading platform - it is desirable that the broker provides the opportunity through metatrader 4 and 5 versions, since it is easiest for a beginner to start trading using these programs.
PRO accounts – or in other words, accounts with improved trading conditions. Typically, such accounts have high minimum deposit requirements, but trading conditions are much better.
These are, perhaps, all the criteria that the best broker for a newcomer to the stock exchange must meet.
At one time I was lucky with my choice, because my first broker remained the main one, with whom I continue to work for more than 10 years.
This is the brokerage company RoboForex - www.roboforex.org
The company has existed since 2009, new clients are provided with a no deposit bonus of $30, there are several types of accounts, including cent and pro accounts, you can replenish your account and withdraw money in 20 options, including cryptocurrencies.
5 trading platforms are used for trading, there are also 4 and 5 recommended by MetaTrader.
In general, I can say that I am more than satisfied with the broker; after 10 years of trading, I have only positive impressions.