I have $10,000 USD. Which broker should I use?

[shanmugapradeep]

Hello everyone,

I have a $10,000 USD budget for Forex Trading. Which broker should I choose for deposits and trades? After checking multiple forums like Babypips, ForexPeaceArmy, ForexFactory, and EarnForex, I learned that all the retail brokers work with Market Maker models, and none of the retail brokers are 100% legitimate, including regulated ones or the most popular ones. I learned that it is good to diversify trading capital into multiple forex broker accounts and keep withdrawing profits on a regular basis.

After testing my EA for several months in Demo and Real cents account, I want to go ahead and start with a real standard account. I cannot afford to lose my hard-earned money of $10,000 to a scam forex broker. My algo strategy requires a minimum capital of $10,000, as I recorded a maximum drawdown of $4,000 to date. Therefore, I cannot diversify my trading capital of $10,000 into multiple brokers, so I have to choose one.

I have some brokers in mind like ICMarkets, FBS, and HFM (formerly Hotforex). What do you suggest? Which one should I choose? Feel free to suggest any other best brokers apart from the three I mentioned.

 

[Enivid]

Of the three your have in mind, I'd choose ICMarkets and I wouldn't touch FBS with a 6-foot stick. Make sure the broker's trading conditions match your needs. What's good for one trader isn't necessarily good for another one.

 

[shanmugapradeep]

I'd choose ICMarkets

You can also recommend me any best apart from 3 which i have mentioned.

 

[Enivid]

View attachment 27277

You can also recommend me any best apart from 3 which i have mentioned.

Exness, RoboForex, Pepperstone.

 

[shanmugapradeep]

Exness, RoboForex, Pepperstone.

They accept HyperActive and High Frequency Trading?

 

[Enivid]

They accept HyperActive and High Frequency Trading?

I think that depends on the account type you have with them. It's best to ask their support service.

 

[FriedrichRapp]

ICM is a really good choise

 

[akelsey]

Can anyone tell me about [URL deleted] STARTRADER! I am getting good account benefits from them, will anyone recommend me?

 

[winner J]

Hello everyone,

I have a $10,000 USD budget for Forex Trading. Which broker should I choose for deposits and trades? After checking multiple forums like Babypips, ForexPeaceArmy, ForexFactory, and EarnForex, I learned that all the retail brokers work with Market Maker models, and none of the retail brokers are 100% legitimate, including regulated ones or the most popular ones. I learned that it is good to diversify trading capital into multiple forex broker accounts and keep withdrawing profits on a regular basis.

After testing my EA for several months in Demo and Real cents account, I want to go ahead and start with a real standard account. I cannot afford to lose my hard-earned money of $10,000 to a scam forex broker. My algo strategy requires a minimum capital of $10,000, as I recorded a maximum drawdown of $4,000 to date. Therefore, I cannot diversify my trading capital of $10,000 into multiple brokers, so I have to choose one.

I have some brokers in mind like ICMarkets, FBS, and HFM (formerly Hotforex). What do you suggest? Which one should I choose? Feel free to suggest any other best brokers apart from the three I mentioned.

If the EA reach 40% i suggest dont use this EA i get an ea the maximum DD is 15% i think you get enough money to be a millionair in 5 years..but you still have to use cent account you can devide this in 2 different brokers ..you can contact me so i can explain you how i do it and it works really goood for me.but if you that money in one broker in a standard account unfortunately you get 99% chance to lose it..