I have received a lot of emails from readers and student as well as user of my Forex Signal service asking me to recommend them a reliable broker to use.
From their emails, I have heard of horrible personal experience from them ranging from brokers that stop them from trading after they manage to make successive months of profitable trading after taking my course as well as brokers who do not execute trades for them whenever they try to enter a trade to profit from the market momentum.
In my own opinion, it seems that these broker are trading the market themselves and therefore do not allow them to make money. In other word, they are trading against their clients.
Therefore I decided to write this post to share with you guys the broker I am personally using as I will never recommend anything that myself have never used before.
There are a few things I consider when selecting brokers to use for myself
The regulation of a broker is extremely important to me. The easiest way to tell if your broker is well regulated or not is the requirement of documents. For those poor regulated broker, they allow you to trade immediately after you open the account and do not chase you for any ID or documentation from you.
The broker I am using requires their traders to submit all necessary document before they can trade and this is the best way to tell whether a broker is well regulated or not.
Most importantly the broker I am using is one of the few broker in the market that is ASIC (Australian Securities & Investments Commission) regulated.
2) Withdrawal of money
For a trader, there is nothing more important than being able to withdraw out our winnings when we want to. There is no point in making a lot of money but in the end your broker refused to release them when you need them.
Therefore I will always do a test on my broker by withdrawing some money every month. So far, I have no problem with my broker and that is why I dare to recommend you guys to it.
3) Execution of Trades
From the above email, you can see how some brokerage firm works. They have dealing desk that trade against their clients.
That is why some of you find it very hard to enter trade in the direction of the momentum as your broker are trying to profit from it themselves and therefore did not execute your trades for you.
The worst one are those who ban your account when you manage to produce consecutive months of profits in your trading. There are far too many complaints from my readers and students about their brokers and after they join the broker I am using, they are very happy and therefore I decided to write this post to share with you guys the broker I am using so that you will not have to face the problems they are facing.
For those of you who are looking for a reliable broker, below is the link to my broker.
Do note that there is a promotion at the moment for my trade copier service and fx street university course for anyone who wish to open an account with the broker I am using.
For those of you who are interested, simply email me at [email protected] for more information.