Previously I have asked about FBS and Hotforex brokers, and I was advised to use Hotforex. Can you tell me why, because I see that FBS is also good, even more complete and simpler than hotforex. (According to me)..
Is FBS a dishonest and cheating broker, so you do not recommend FBS?
Oh by the way, I have no plans to trade with a balance above 5000 dollars. Do you still not recommend FBS for trading with a balance below 4000 dollars?
Please enlighten me, because I am still confused....
@ Nafrudin:
To find out if a broker is a market maker (Dealing Desk) or a non-market maker (Non Dealing Desk), it must be proven by working directly at the broker so you know for sure whether the order is held or passed on.
We cannot be sure whether a broker is a market maker or not based solely on rumors or speculation, unless we truly know how the broker's operations work.
For the security of your trading and funds, we recommend choosing a broker that is already regulated by an internationally credible regulatory body, namely: CFTC, NFA, FCA, FSA, FINMA, MiFID, ASIC and FMA.
Credible regulatory bodies are those that have been tested and internationally recognized, and provide strict sanctions to brokers if they are found to violate agreed-upon provisions. These regulatory bodies are also responsible for the security of client funds.
In this case, we do not provide recommendations to specific brokers. Please check the list of some brokers at:
Forex Broker Review
List of Popular Forex Brokers in Indonesia
Regarding the brokers you mentioned, please check their regulations.
To increase your knowledge, it is also advisable to read materials about comparisons of other brokers, such as a comparison of US and offshore brokers.