What is the Best Type of Forex Broker?

There are many brokers available, however what broker is the best type? This is an important question as it affects traders. There are two main types of Forex Brokers available to traders, dealing desk or non dealing desk brokers. Both of which are completely different to each other.

In this video below I go over which type of broker a trader should use ( best type ) in answer to a recent question by a guy named Jamie. Also, I go over what other important aspects to look for in a broker such as is it regulated, does it have a good reputation and low spreads / commission costs.

It is important when considering a broker that they are reliable and that they offer low costs to a trader as they are a business partner in a trading business.

 
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Above Video – Video answering the question: What is the best type of Forex Broker?

best broker type

Any questions on this video topic, comment below.

About Timon Weller

Timon Weller is the professional Writer and Trader behind the blog Forex Reviews. Timon Weller is also a professional Teacher of Price Action Trading and creator of the popular Training Series teaching people how to trade Price Action effectively called The Engulfing Trader. For other Forex Training available here at Forex Reviews click here.

For more on Timon Weller Click Here. To Learn more about How to Trade the Market and get updates Click Here.

Comments

  1. Tim Farrington says:

    Dear Timon,
    Thank you for this most valuable service! Your weekly reviews are positively marvelous. This service is an invaluable service to new traders like me. I have been practicing on a demo account for about six months now and am getting ready to pull the trigger. I will have a very small amount to begin with (about $500) and would like to grow the account to a size that will provide a suitable monthly income.
    Thank you for your investment into the lives of people like me.
    Have a wonderful holiday season.
    Gratefully,
    Tim Farrington

  2. Are the following two sentences from your article contradictory and confusing?

    “Why You Should Always Choose a No Dealing Desk Broker?”
    “Most people know why they should avoid no dealing desk brokers”

    Or am I wrong?

  3. Hi Timon
    Is it good to go with hotforex broker?? I am in India.

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