Bro, how is the reputation of FBS and Armada Market brokers, are they safe and reliable? Can you recommend a 4-digit broker with a good performance, no requote within reasonable limits when there is news, without commission, fast in WD/Depo, can WD/Depo through local banks and most importantly do not cheat their traders, because many members of the forex forum feel cheated by certain brokers. Thank you.
The abundance of brokers or brokerage firms is a choice. Choosing a broker is the right of the trader. The main thing in choosing a Broker is to adjust it to the financial condition you have.
There are brokers that limit trading systems, minimum deposit limits, methods of 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, Frequent requests occur when Runing moves quickly. There are Swap or Free Swap, all of this is proof that Each broker has its own advantages and disadvantages.
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Thanks
@ fathis:
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 is globally recognized, and provides strict sanctions to brokers if they are found to violate agreed-upon terms. These regulatory bodies are also responsible for the security of client funds.
We do not provide recommendations for specific brokers. Please check (check and recheck) the list of several brokers at:
Forex Broker Review
List of Popular Forex Brokers in Indonesia
Regarding commissions: almost all foreign brokers do not charge commissions, except for ECN type brokers.
Regarding requotes: if volatility is high, requotes may occur with any broker because the price you order can change quickly.
Regarding withdraw / deposit with local banks: it depends on the facilities provided by each broker.