Which broker is easy to use?

Choosing a Broker
D
David
03 Dec 2020, 09:31 596 Views
Excuse me, I want to ask which broker should we choose because I am confused to choose one because there are many brokers available and I don't know which broker is better, either in withdrawing money or the speed of order execution, etc.

3 Answer

R
rizki rosadi 05 Dec 2020, 09:07

@David: Many traders have considerations when choosing a broker. For some traders, security is the top priority. For other traders, the speed of deposit and withdrawal is the most important thing. It all comes down to each trader's goals. You can see reviews List of Popular Forex Brokers in Indonesia.

The selection of the broker list is based on the criteria:

  • More than 3 years old and widely chosen by Indonesian traders.
  • Ease and speed in administration (Registration, Deposit, Withdrawal).
  • Adequate service level, with reasonable complaint limits.
  • Supports Metatrader, which is currently the most popular forex application.
  • Should be regulated as much as possible, even if only at the level of the country where the broker is based.
Thank you
S
Silvia 07 Dec 2020, 09:50
How about Orbex broker, Sir? Is it good?
11 Dec 2020, 07:27

@Silvia: Orbex broker originates from Cyprus (offshore country/offshores) with address Office 3501, 5th floor, Maximos Plaza Tower 3, Maximos Michaelidi Street, Limassol 3106, Cyprus. This broker has regulation from CySEC with license number 124/10 since 2015.

I assess whether or not it’s good to use a broker primarily based on regulation. The best regulation comes from developed countries such as the US, United Kingdom (UK), Australia, etc. Those regulators are CFTC, NFA, FCA, ASIC, etc. Regulation from Cyprus is considered below the regulation from developed countries. As a reference, you can also visit the list of forex broker regulators page provided by Admin.

If you trade with small capital (under $1,000), this broker can still be used. However, if you use large funds (>$1,000) then I do not recommend using this broker.

Add Answer

Loading editor...
Back to Forum

Forum

view all

Broker Testimonial

view all