Topic: How to Choose Best Bitcoin Forex Brokers - page 3. (Read 2450 times)

Yes, there are a lot of brokers that take deposit and run away. Other brokers freeze account if trader have huge profit and don't allow withdraw fund. I knew a lot of trader that after made huge profit had account loked to withdrawal   . So pay attention. Better if broker allow instant withdraw (like 1Broker for BTC or Exness for FIAT) or process withdrawal to e-wallet (neteller, skrill) in few hours (Hotforex, Octafx, Activtrades, FxPro, Admiralmarkets).

I had negative experience with:

1) Iforex
2) AvaFx
3) Xm
4) Plus 500
5) Etoro
6) FxOpen
7) Easyforex
8 ) Liteforex
9) Instaforex

www.bitib.eu
Forex Account Manager

while trading with the forex we has to really take precaustions i have faced 60/100 of them are scammes and forex dose have a hogh risk too

I confirm that listed broker are really poor: high spead & Requote 

Go on http://www.forexpeacearmy.com and read there review of over 1.000 Broker made from indipendent traders. Be sure to chose a broker with high rating and high number of review, and take a look to scam accusation too.

www.bitib.eu
Forex Account Manager

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easy

try igot

http://igot.com

that's it

I dont understand what broker really does and I haven't heared about that thing in bitcoins. But when it comes to fiat, maybe a forex trader pro will work. What I do in trading bitcoins is that I buy dumped coins then I sell it when the price doubles or triple. As simple as that, no fees from brokers. But, Id love to have a bitcoin broker as it increases the chance to make my bitcoin increase.

These days I have tested the broker FXOpen, but I don't like the excessive fees that depositing or withdrawing money involves. But unfortunately I have not found many other options to trade with bitcoins in the Forex market, especially when we are looking for a reliable and experienced broker.

XM best forex Broker?? 

Link you are posted is only a sub-page of a referral website, so stay away from them.

If you would see real reviews made from traders about broker, go on http:\\www.forexpeacearmy.com

Choose only broker with high trust and a lot of review.

There are many forex brokers in the market and finding the best may be a hurdle. The problem comes because of market flooding. I mean, almost any person can masquerade and pose as a broker in the Forex Exchange market. However, there are those best forex brokers in the market and in every market.

Forex brokers help traders in trading in the market place. This institution exists because there is usually no central marketplace for the forex market. This article provides in-depht analysis of the market place and will allow you to know the hurdles of the market.

1. Compliance with the government
In the States, the National Futures Association is the association that registers all forex brokers. This is the initial place one should check before giving any broker a call. The NFA has strategically been placed to protect the integrity of the market in the states.

The NFA is in charge of controlling the market through regulation and formation of rules and programs thus paying them a visit before paying any broker a visit in mandatory in order to avoid scam websites.

Be warned that a website which looks professional does not guarantee that the dealer is genuine. In many cases, these website carry a professional looking portfolio are ones used by many scammers. Many people fall prey to these websites.

2. Customer Service
A good forex broker will always provide you with 24/7 service. A quick call will always give you a clear indication of whether the broker is genuine or not. A genuine broker will always give you the information required. Any illegitimate broker will give the information in a more hazy format. In addition, the broker will awlasy avoid anything that deals with the government. This is because they are always ware they have not been registered and this may land them into deep trouble.

The details of a good broker is always open for everyone to see. It is either online or in their offices.

3. Platform used for trading
God traders know which platform to use for trading. Some softwares have loopholes and hence easily hacked by hackers and leads to a loss. The software used by many reliable forex brokers is usually easy to use even by a layman. On the other hand, you need to do a research and know the softwares that exist too. Avoid to easily get conned. Poorly designed interfaces of programs should be avoided.

4. Research
This is usually overrated. However, it is the backbone of every point. Kindly do your research and not only just mere research but an in-depth research. Always ensure you know legit brokers and brokers to avoid. This is easily accessible when you go through some customer reviews. Some of the question you should ask yourself are:-

• Know if the broker is registered. This can be easily accessed online.
• Know how much the broker will gain and how you will gain from the transactions.
• Be aware that you will not start trading with money. You have to sit down with the broker and strategize on how you will make huge investments in the business.

5. Compare Brokers
It is good to check the different brokers in the market. Some brokers will charge higher and some will charge lower. I would recommend going for those who charge higher and doing a background check. This is because many who charge a lower fee are scammers and conmen. There’s always a fix rate which is used to calculate the exact fee one should pay. Many are however caught in the snare especially after hearing that a certain broker charges less.

6. Currencies Offered.
Some brokers offer so many currencies and this allows you to choose which one to trade with. It is always a good idea to find a good broker who has varieties of currencies. This works like a see-saw. Actually, the rise of one currency may lead to the drop of another and this is the best opportunity to sell one and buy the other. Such details are vital when working with an experienced broker.

Take your time before finding the best forex broker. It does not hurt to find the best with time. Be patient for nothing good happens in instance.