Has My Broker Choice Been Correct?

The abundance of brokers or brokerage firms is a choice. Choosing a broker is the trader's right. The main thing when choosing a Broker is to align it with 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, Requests often occur when Runing moves quickly. There is Swap or Free Swap, all of this is evidence that each broker has its own advantages and disadvantages.

Choose a broker that is close to what you expect, adjust it to your financial condition.

Your choice is not wrong. It's just that if you are just starting trading / a newcomer to the world of forex, it is better to control your emotions when placing and in large amounts with the hope of making a big profit. It is better to place funds in small amounts first. Or you can take advantage of the bonuses offered by several brokers.

Placing a large amount of funds for a newcomer is quite dangerous. 10, 20, 30 - 100 million can disappear in an instant.

My advice is to place funds in small amounts first. choose a broker that can facilitate it. Then if you really have enough trading experience, you can place money in large amounts. and choose a broker that is believed to be Credible.

A novice trader who brings hundreds of Millions to the market with the hope of trading and making a big profit, without understanding the market structure. Then the money he brings has the potential to be robbed by other market players. The same is true in forex trading. In this trading, there are large Banks, Private Banks, Speculators, large Traders and small Traders.

I (the answerer) used to start this trading by taking advantage of bonuses at Marketiva. and placing funds in small amounts. And taking advantage of bonuses from Brokers.

And now have a trading account at the FSA UK regulator. IBFX AU, Vantage FX, Go Markets FXCM I think can be considered. For a capital of 10 million.

Thanks.

Isn't FXDD no longer operating in the US and only operating from its office in Malta?

@ Erick Cristanto:
Yes, Sir, FXDD is quite good. However, as far as I know, the main FXDD in the US does not accept customers domiciled outside the US, and you will be redirected to FXDD Malta which has a representation in Indonesia.

@ Putra:
FXDD USA has been acquired by FXCM since 2014, so FXDD and FXCM are one group. But FXCM USA has now been renamed Global Brokerage after the case.

As far as I know, the main FXDD in the US does not accept customers domiciled outside the US, and if you want to trade at FXDD US you will be redirected to the FXDD Malta representative in Indonesia.

@KampusTrader awesome sir, so you started with bonuses, until you succeeded in having many accounts at several brokers, that's true sir, if you're not proficient in forex trading it's better to learn first, even the best theories, when you meet a loss, you just lose it.