There are hundreds of reviews online for hundreds of brokers. Some say the broker is a scam, while others say it isn't. Some say to go with an ECN, while others say that an ECN has much higher spreads.

Who do you listen to? I'm not about to drop $10,000 into an account where there is a possibility of being scammed. But then again I'm trying to make money to support my family and searching for a "decent" broker is taking me weeks.

Too bad forex isn't like the stock market, where there are actual REGULATIONS!

Any help would be appreciated. Thank you.

Answer
With Online brokers its hard to find out about their validity/registration.That said, where does it leave shareholders of the AIG, Walmart and presently GM? The risk is everywhere.

The solution is that while we do trade through a broker, we are constantly and actively aware and "manage our accounts" and finance on our own.
I have been trading forex and stock for close to four years now.

How to select forex broker?

I want to know what things are necessary to check before going to open an account with Forex broker? Please also suggest me some good forex broker.

Answer
Here's a good article of things to consider when considering a forex broker.

http://www.forexf1.com/forex-broker-comparison.php

Comparison of Forex brokers
http://www.forexbrokercomparisons.com/

http://www.goforex.net/forex-broker-comparison.htm

http://www.forex-learning-site.com/forex-broker-comparison-reviews.php

Just type "forex broker comparison" into Google and you'll get lots of answers.

I tried a lot of reviews , and all reviews point to one another as crap.Which one should i believe ?I am confused ,Could anyone give me some information or with experience would be grateful to you.

Answer
The reason you're finding a lot of crappy reviews is that forex trading is full of scams. Everyone wants to sell you signals and collect your commissions. Your question already has at least one blatant scam answer.

In real life, Foreign Exchange is a very large market populated by serious experienced professionals. With no experience, you would be a lamb among wolves. You would lose.

Whoever has convinced you that novice forex trading is a good idea has done you a grave disservice. Please reconsider.

What are the types of marketing that forex brokers use?

I just started working in a online forex trading company.
I was given an assignment to review what types or strategies that any other online forex companies use for their marketing.

All i got right now is:
1. ASP - Affiliate Service Provider
2. Email Marketing
3. SEO - Social media Optimization
4. Forex Ranking sites
5. Social Media Management

Any other ideas?

Thank you in advance.

Answer
Depends on your budget. Depends what you are doing to.
Some FX companies do branding and use sponsorships to advertise their brands.
Egsample:
Alpari: has sponsored west ham football team, and the Alpari World match racing: wmrt.com
IBFX - Sponsors the Automated Trading Championship (ATC)
ironfx.co.uk - Medical Research, Community Support, Child Welfare, Education
Keytomarkets.com - Forum sponsorship

Here is a list of what type of ads and sponsorships that have been done so far to my knowledge:

(I hope you find this list useful)

Advertorials
Affiliates
Billboard adverts
Blog/microblog
Celebrity endorsements
Content marketing
Digital banners and signage
Display remarketing
Email
Events
Facebook advertising
Film/TV product placement
Forums
Images & Infographics
Influencer outreach
Inserts
Kiosks
LinkedIn advertising
Local search marketing
Loyalty card
Magazine adverts
Marketing email
Microsites
Mobile advertising
Mobile app
Paid placements
Paid reviews
Pay per click
PR Stunts
Presentations
Press releases
Prizes/Exhibitions
Product listing adverts
Product packaging
Program sponsorship
Promotional items
QR codes
Radio advertising
Report sponsorship
Research paper
Search engine optimisation
SMS
Sports sponsorship
Street vendor
Transactional email
TV advert
Twitter advertising
Videos
Wearables
Website via tablet/mobile
Youtube channel

Hi

I can't figure this one guys, what is tha benefit of using most forex brokers like FXCM for currency pairs paying a 1-3% spread when I can trade any major individual currency futures for $4.75round trip with a futures broker.

Am I missing a big benefit of trading forex pairs somewhere?

Thanks

Answer
Hi David,

It's a good question you're asking. Some forex brokers try to make it out like spots are far superior to futures, but the difference isn't that big. Other brokers offer both (see some at http://forextradingwinners.com/category/forex-broker-reviews).

Spots are generally cheaper to trade as there is mostly no commission. Spots are not regulated by the FTC either. Spots as you know are settled instantly as opposed to futures. This CAN be cheaper as well.

Spots are more flexible and come in different lot sizes. Futures are often only standard lots of 100,000.

Futures are more transparent and have more info available freely.

I want to open an ccount with one of the online forex brokers ,Which one in the UK is the best to go with?

I tried a lot of reviews , and all reviews point to one another as crap.Which one should i believe ?I am confused ,Could anyone give me some information or with experience would be grateful to you.

Answer
The reason you're finding a lot of crappy reviews is that forex trading is full of scams. Everyone wants to sell you signals and collect your commissions. Your question already has at least one blatant scam answer.

In real life, Foreign Exchange is a very large market populated by serious experienced professionals. With no experience, you would be a lamb among wolves. You would lose.

Whoever has convinced you that novice forex trading is a good idea has done you a grave disservice. Please reconsider.