Ask Broker for Swing Trader

Forex trading
D
Daniel
12 Aug 2020, 16:26 907 Views
hi admin
I want to ask... which broker is good for swing traders? And not too many fees for withdrawing money?

5 Answer

R
rizki rosadi 14 Aug 2020, 11:52

@Daniel: A good broker for Swing Trader is a broker that offers an Islamic account (islamic account/swap free), so that there is no interest when positions are held overnight. For broker recommendations, I pay great attention to fund security, so my main parameter in choosing a broker is its regulatory status, followed by commissions and transaction fees.

Choose a broker that is already regulated by a credible international regulatory body, namely: CFTC, NFA, FCA, FSA, FINMA, MiFID, ASIC and FMA. For withdrawal fees, brokers regulated by the above regulators have fees that are not much different so you are free to choose whichever you prefer.

K
Karno 07 Sep 2020, 16:55
Oh, ma'am... I want to consult about a broker.. I want to find a broker suitable for swing trading or long-term investment.. FCA or ASIC regulation. I plan to deposit via credit card...
Which one is easier?
R
rizki rosadi 09 Sep 2020, 10:33

@Karno: Several brokers with FCA or ASIC regulation that offer Islamic accounts (swap free) and can deposit via credit card are as follows.

  • IC Markets
  • Axitrader
  • Forex.com
  • XM Broker
  • Pepperstone
M
Martin 17 Jun 2023, 22:26

@ Daniel:

For the security of your trading and funds, we recommend choosing a broker that is already regulated by a credible international regulatory body, namely: CFTC, NFA, FCA, FSA, FINMA, MiFID, ASIC and FMA.

A credible regulatory body is one that has been tested and internationally recognized, and provides strict sanctions to brokers if they are found to have violated agreed-upon terms. The regulatory body is also responsible for the security of client funds.

We do not provide recommendations for specific brokers. Please check the specifications of the broker you want.

If you want a relatively fast and cheap withdrawal, do not use wire transfers or interbank transfers (T/T), you can use e-payment or credit cards.

Please read:
Five Best E-Payments for Forex Broker Deposits and Withdrawals
Which is Safer, PayPal or Credit Card?

E
Erik Tri Cahyo 27 Jun 2023, 12:16
To Daniel,

You can use a broker that does not apply swaps (swap free). In addition, choose a broker that has minimal commissions or deductions. Because you will be trading long-term, consider the legality of the broker as well. Choose a broker that is regulated by a credible regulatory body to guarantee the security of funds and the security of transactions.

Hopefully this can help.

Add Answer

Loading editor...
Back to Forum

Forum

view all

Broker Testimonial

view all