Proven Forex brokers, work impressions and personal opinions
There is no doubt in anyone’s mind that a properly chosen forex broker can make trading more comfortable; thousands of articles on the Internet are devoted to this topic, but mainly attention is paid to such parameters as trading conditions and deposit requirements.
But rarely do any of the authors describe the real conditions of working with this or that brokerage company, because what is written on the company’s website does not always correspond to reality, and for work you need proven Forex brokers who will not let you down in practice.
Below in the text I will give examples of some companies with which I had to work myself and with which I still work.
You will be able to compare the real state of affairs; other available information was also used for the review.
Personally verified brokers for trading on the Forex or stock market
• Alpari - let's start with the largest and most popular company on the Russian Internet. A truly proven broker for Forex and the stock exchange, it is not for nothing that it ranks first:
The terminal works quite well; no failures have been noticed over several years of operation. The average execution of orders on ECN accounts does not exceed 70 milliseconds
Spreads are floating, but quite low; for the euro/dollar they often fall below 1 point with a five-digit quote.
Depositing and replenishing an account usually takes place within a few minutes, the choice of options is just as impressive. More than 15 available options - electronic money, cryptocurrencies, bank cards. Withdrawal time ranges from several minutes to half an hour.
In all respects, the company is excellent for trading with clients of any level, from beginners to large investors. Alpari can be especially recommended to those who have decided to become a PAMM manager and earn money from other people.
On the bad side, the company often limits withdrawals during the holidays, and sometimes you have to wait several hours for a response from support.
• RoboForex - I can say about this company that it is the best, proven broker, excellent for trading on Forex and the stock market. I started working with RoboForex more than 10 years ago and have not yet been disappointed:
The terminal does not cause any particular complaints, the speed of order execution is good, especially if you use ECN accounts .
Spreads are realistically from 0 points, it all depends on which account option you are trading on, but here there are six of them.
Withdrawal-replenishment of the account - if you use electronic money or cryptocurrencies, then replenishment and withdrawal occurs instantly, withdrawal to a bank card for the first time takes one day, after that it is immediate. I especially like the promotion of withdrawal of funds without commission, which allows you to save a couple of percent on the withdrawn profit.
In my opinion, RoboForex is the best of the proven Forex brokers at this time; no one interferes with trading here; there are no mass restrictions on strategies that can often be found in other companies. It’s not for nothing that I myself trade at RoboForex.
Among the disadvantages is the lack of the ability to trade cryptocurrencies; the company has currently removed this asset from the list of available instruments.
• Amarkets is a fairly large broker, in 2022 the number of its clients reached a million, but for some reason it is not as popular as previous companies.. At one time I also had an account here and was quite satisfied with the service:
The terminal pleased me with its stable operation and execution speed.
Spreads - their size strongly depends on the liquidity of the currency pair; in reality, for these instruments, the size of the spread most of the time fluctuates in the range of 2-4 points with a five-digit quote.
Input/output is instantaneous in most cases, but this applies mainly only to electronic payment systems. In other cases, within 24 hours.
The proven brokers listed above allow you to use almost any of the popular strategies in trading - scalping , advisors , hedging.