Do you compare before joining any Crypto broker? - page 2.

traderethereum

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Quote from: Joseph R. Cord on March 05, 2019, 08:31:26 AM

There are MANY people here who do Crypto trading via exchange but also a lot of people who prefer Crypto Broker. So, how do you make your selection of a broker? Do you make comparison before joining up any broker?

I certainly do, and I consider it extremely important as well. I find it simpler with this site https://fx-list.com/crypto-forex-brokers, where all brokers are AVAILABLE to make comparison. Although, it got all types of brokers available with their reviews, but with Crypto brokers, it makes comparison so much easier!

I never use crypto forex broker, and I only use exchanges to trade. I don't join in the name of forex because it will be too risky for me, and I don't know much about forex. For me, it is better to trade in the exchanges because I can buy the coin directly without paying the broker and if I can get profit, that profit will all be mine.

The broker should take a bigger fee and if we calculate, our profit will be less than the real profit because they eat bigger profit from us.

icecube45

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Yes, of course I will compare it before choosing a crypto broker, this must be done to be able to trade well in the right place. The most important are complete order features such as Pending Orders, Stop Loss, Take Profit, Trailing Stop, etc. Because some crypto brokers don't have complete features. Moreover, it is difficult to find a crypto broker that is truly legit so we have to compare it carefully.

fullhdpixel

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Quote from: Polar91 on March 07, 2019, 11:42:03 PM

I think crypto brokers don't suit much in crypto. I think they just suits in Forex or Stock Exchange. It's because I don't think there are really experts in trading with cryptocurrency as most of the time it's being influenced by whales or whatsoever they called it which is the reason why a lot of crypto traders are losing their money. Thus, trusting such crypto broker in growing your money the major issue.

Well when it comes to trading, I don’t think Whales have much influence in the market, the major time they influence the market is at once when they want to do major dump or pump but when it comes to daily trading, crypto trading is more or less same way forex trading works too, ever since I have been into crypto trading too.

It has been quite easy for me since I already understand how the market fluctuation operates, don’t forget we have trader whales and analysis available is strong enough to determine their action. So, crypto brokers also matters in this too and that is why we quite have many of them now and some good ones have been performing well like the sample OP gave.

erickkyut

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Quote from: davis196 on March 06, 2019, 07:57:56 AM

I've never heard about a legit crypto broker company.Most of them are usually HYIP scams that say "give us your bitcoins,we guarantee you XXX% return of your investment".If it's too good to be true,just run away and keep your bitcoins.

I have the same thought about it. There is no legit crypto broker that I knew of. Why let other people to manage your cryptos if you can do it on your own? All you have to do is study it. Leeting other people manage your money is too risky for me specially in the crypto industry.

wayaneka

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All above crypto broker provide CFDs trading that use leverage, and to get maximum profit with less risk we should be choose it according to fully regulation, low spread, and provide low leverage for crypto pair because i have seen some broker only provide leverage 1 :500, and this is too much risky because crypto with high fluctuacion should be the leverage not more than 1 ; 3.

Polar91

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I think crypto brokers don't suit much in crypto. I think they just suits in Forex or Stock Exchange. It's because I don't think there are really experts in trading with cryptocurrency as most of the time it's being influenced by whales or whatsoever they called it which is the reason why a lot of crypto traders are losing their money. Thus, trusting such crypto broker in growing your money the major issue.

bitgolden

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To me, one of the greatest criteria to selecting a crypto broker is to compare the features.
The marketing strategy implored by them is not enough to make decision if one should go with a particular broker or not, I have to know their strength, limit and progress by comparing to be able to pick the broker of your choice.

In fact, comparing them also help me know which of them has low or no commission fee or their charges, but I will never advise that one compare by review because a lot of them pay for reviews to be able to get audience attention.

Cosbycoin

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Quote from: Joseph R. Cord on March 05, 2019, 08:31:26 AM

There are MANY people here who do Crypto trading via exchange but also a lot of people who prefer Crypto Broker. So, how do you make your selection of a broker? Do you make comparison before joining up any broker?

I certainly do, and I consider it extremely important as well. I find it simpler with this site https://fx-list.com/crypto-forex-brokers, where all brokers are AVAILABLE to make comparison. Although, it got all types of brokers available with their reviews, but with Crypto brokers, it makes comparison so much easier!

I have made use of a crypto broker just once, this is because I had a lot of work to do within those period and I don't want to loss money from trading, I never compared my broker with anyone because I have known him for years and one thing I know about him is that he is very good in trading, he makes up to $1000 daily from trades and takes it as a life job, he also own a office where he takes funds from people to trade.

davis196

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I've never heard about a legit crypto broker company.Most of them are usually HYIP scams that say "give us your bitcoins,we guarantee you XXX% return of your investment".If it's too good to be true,just run away and keep your bitcoins.

legendster

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There's no better alternative than to get your feet wet by yourself. I usually go by public reviews left by people on review platforms like Trustpilot etc - they tend to be more accurate than any broker comparing website / tool. My experience tells me they always upsell & promote stuff and mislead people.

Joseph R. Cord

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There are MANY people here who do Crypto trading via exchange but also a lot of people who prefer Crypto Broker. So, how do you make your selection of a broker? Do you make comparison before joining up any broker?

I certainly do, and I consider it extremely important as well. I find it simpler with this site https://fx-list.com/crypto-forex-brokers, where all brokers are AVAILABLE to make comparison. Although, it got all types of brokers available with their reviews, but with Crypto brokers, it makes comparison so much easier!

Topic: Do you compare before joining any Crypto broker? - page 2. (Read 425 times)