I want to ask about fxcm, they say that the broker is more suitable for trading with large lots, not suitable for mini or micro accounts at fxcm. But I am interested because fxcm is already well-known and has good regulation.
Do you have any other good broker recommendations for trading with small capital but still safe and not inferior to fxcm?
The abundance of brokers or brokerage firms is a choice. Choosing a broker is the trader's right. The main thing in choosing a broker is to align it with your financial condition.
There are brokers that limit the trading system, minimum deposit limits, methods for depositing and withdrawing funds, as well as the speed and duration of deposits and withdrawals. The size of the price spread offered. Regulated or Unregulated, often Requote occurs when the running moves quickly. The existence of Swap or Free Swap, all of this is proof that each broker has its own advantages and disadvantages.
Thanks
@Rizky Hermansyah: FXCM Broker has two representatives for Indonesia namely Forex Broker Pro and also FX Max. This broker provides services for retail traders such as a minimum deposit of $100, low spreads, non-dealing desk (NDD), leverage up to 1:400 and fast transaction execution. Thus, even small accounts can transact with this broker.
This broker had problems (FXCM US) in 2017, but it has been resolved and FXCM US has been purchased by Gain Capital which is also a large retail broker. All FXCM US clients have been transferred to Gain Capital. FXCM outside the USA was not affected by the problem.
If you want to use another broker, then choose a broker with credible and trustworthy regulation. Credible regulation among International brokers is CFTC (US), NFA (US), FSA (UK), ASIC (Australia), etc. A good broker has at least one license from these regulatory bodies.
Another factor to consider after regulation is the features and service system. Choose a broker that has features and facilities that you find most comfortable to use. Pay attention to how the financial services are like deposit and withdrawal methods, withdrawal fees, how long deposits/withdrawals are from the account, etc. Also pay attention to the trading conditions within the broker such as the leverage used, spread, commission, Non-dealing desk/Dealing desk, swap, etc. Use a broker that is safe and has features and services that suit your needs. You can see reviews of popular brokers on our website here.
Thank you.