Recommendation of brokers with zero spread

Zero Spread
K
Kinan
09 Jul 2021, 14:33 826 Views
Is a broker with zero spread a recommended option for beginner traders?

1 Answer

M
martin 13 Jul 2021, 03:04
@ Kinan:

There are several, such as HotForex, FBS, and also XM. Please read the following broker news articles:

Regarding whether they are recommended or not, for the security of your trading and funds, we always advise 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 internationally recognized, and imposes strict sanctions on brokers if they are found to have violated agreed-upon terms. The regulatory body is also responsible for the security of client funds.

So please check the regulation of the brokers that offer zero spread.

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