Currently looking for a broker to trade live and came across FP Markets, read several reviews, and most of them were positive. Anyone here currently trading with them? How are the spreads and slippage, are they a reliable broker to trade live?
I'm a beginner and was looking for a good broker to start trading live. I have seen many positive reviews and good comments on this broker. Can traders currently trading with them tell me how their trading conditions are and hows the withdrawal process?
I have used this broker for a few trades a few weeks back and you can probably open a demo account with them to find out if their conditions and services suit your trading style. Something I do before funding my account.
I understand people opening demo accounts to check the quality of a broker but how do you decide which one to open an account with?
Actually, I start with researching 2 or 3 platforms online and then go to their website to see how smooth their u/i is. If I like a particular broker, I open an account with them. Like I opened an account first with turnkeyforex because they also had cryptos and some currency pairs I was looking for. Then I opened another account with fp markets. Both these platforms have faster withdrawals and so far they match my trading requirements.
In my perspective, after trading with them for several months, I find it a reliable broker to trade because I did not come across any issues regarding spreads or during withdrawals.
It's been a year now since I'm scalping with FP Markets. I prefer using them because of the tighter spreads and execution speed that allows me to enter and exit as quickly as possible since most of my trades only run for a few seconds.