How to Choose a Forex Broker & Avoid SCAMS
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- Опубликовано: 5 сен 2024
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Which forex broker should i choose? What forex broker should i use? This is the most common question that i get. I want to share with you 9 tips on how to choose forex broker.
I'll also talk about the 3 forex broker types and how to avoid scam forex brokers. There are a lot of forex broker scams out there and you don't want to be trading with a scam broker.
To help you choose the right forex broker, this video is made to talk about forex brokers for beginners. Choosing a forex broker is not easy nowadays since there are so many forex brokers out there.
You might come across a scam broker once in a while. The best broker for forex trading and the best forex broker for you is the one that suits your needs.
The best forex broker for news trading would be one that provides fixed spreads. This is why the best forex brokers for beginners are the ones that suits their trading style and at the same type not a scam forex broker.
If you want to find a broker for forex, i'll give you 9 tips to check whether you should pick that forex broker and also how to avoid forex broker scams.
Your broker for forex trading is a very important tool that will make or break your trading career. Learn how to choose forex broker for yourself so that you don't have to rely on my forex broker recommendations in the future.
Always use this checklist when choosing a forex broker. I'll have the 3 types of forex brokers explained to you in detail so that you can pick the type of forex brokers that suit your needs.
Your broker for forex trading has to be regulated and has good customer service. If your forex broker makes it hard for you to withdraw funds, you need to be careful.
The best forex brokers would care about their customers and provide good service round the clock. If a broker makes it hard for you to withdraw funds, very likely they are one of the forex broker scams.
I hope that this video will help you in choosing a forex broker and learn how to choose forex broker properly.
Remember there is no perfect or best forex broker because each forex brokers have their own flaws. So the best forex broker for you would be the one that suits your needs most.
Disclaimer:
The content here is for informational purposes only and should NOT be taken as legal, business, tax, or investment advice. It does NOT constitute an offer or solicitation to purchase any investment or a recommendation to buy or sell a security. In fact, the content is not directed to any investor or potential investor and may not be used to evaluate or make any investment.
Investing and trading is a high risk activity and should be approached with caution. I am not a certified financial advisor. Hence, it is important for you to seek a certified financial advisor to craft your portfolio.
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Singapore youtuber profile:
Karen is Singapore Forex trader, Singapore motivational speaker, Singapore youtuber, Singapore vlogger , author and was ranked #1 in a Singapore nationwide Forex trading contest.
Email: karen@karen-foo.com
Website: www.karen-foo.com
Facebook: / karenfoospeaker
Instagram: / imkarenfoo
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• How to Choose a Forex ...
Let me know which is your favorite tip :)
To those that ask me for broker recommendations, watch the video and listen carefully for instructions.
Karen Foo , thank you for sharing with us ur experience and knowledge. For my side i real need your help. Please suggest me a good broker to trade with. My email address is: gkyomolaf@gmail.com
Will be great to have your respond.
I've already mentioned in the video what you are looking for
Tip number 6 - customer experience.
hi what you think bout blackbull markets
A Brett no opinion
I love Karen’s personality! She don’t hold back. Keep making videos Karen they are some of the best I see thus far.
I'll keep doing my best. And thank you too for making my day :)
This is so true. I only found her today and I am absorbing as much as I could.
Kyekyo baaba
Hi Karen u'r the best sifu on trader.. keep it up..
Can't get enough of your wisdom with regards to this industry, stay true to yourself Karen. I enjoy your tutorials. 4 years already... still finding them informative. 🤑👌
I saw 5-6 videos , must to subscribe right now . Too good explanations. Thanks a lot !
You're welcome Roberto. Thank you for your support!
Thank you for creating an educational platform. You are straight to the point, articulate and you make things simpler so that beginners like me can comprehend. Thank you, Karen. You are amazing
You're welcome. I'm glad that you found the videos helpful
May God bless you my dear sister you don't hide anything loud and clear you are here to open our eyes may God continue blessing you thank you very much 👏🏻👏🏻👏🏻
You're welcome
The fact you don't mention or give support to any broker says a lot about your integrity. Thanks for the video!
I do once in a while recommend brokers if people email me directly though. You're welcome. :)
Thank you Karen, for the extensive forex broker criteria list!!!
You're most welcome!
Karen!!! This is REALLY GOOD INFO. I wasn’t expecting it to be so good. Thank you.
Lol you're welcome. I'll take that as a compliment
i love this lady , she doesnt sugar coat shit . yall NEEEDDDD to pay attention to her. she actually wants you to win
I appreciate your kind compliment
I love your advice..You are so straight to the point!!!
Karen you're legit! always great advice thank you for sharing your experience & knowledge.
You're welcome
Scam brokers must be hating this exposure as they may be out of business. I appreciate your video Karen, I wish I had this information earlier. I didn't know some brokers make money if a client loses a trade?
They won't be out of business. Because there are a lot of dumb idiots who subscribe and watch get rich quick gurus.
This resource holds immense value, especially for novice traders.
Am Bernard Nyaga from Kenya, and iam a beginner, I started with I. Q option, with a capital of 10 USD I made very little it motivated me, this afternoon I completed the course, and I olso began survey of the same through utube and that's is where I encountered you, since then I have been following your, thank you very much in advance for your conseerted efforts to change the life of the people
Thank you so much Karen I love your personality and the way you brutally honest... I'm really learning alot Form you.
You're welcome
I am from India and till now I have not found any better teacher than you, I want to say thank you from my heart.
This is big game not easy I need seminar or class in Dubai
I just started with a team of people who basically put me in a group and downloaded some apps!
That is why I am here being taught by you today. I have no idea what I am doing!
And before I get in with them any deeper, I will sit at your feet and be taught!
I put your videos on loop and listen to them doing the night and doing the day.
I want this so bad, Ms. Karen and I am determined to get it the correct way.
I don't have a lot of money but I still want to learn what you are teaching.
These are the companies that were recommended.
Trading View, Coinbase, Meta Trader 4, Kot4x...I have applied and been approved.
But I will not spend a dime until I sit at your feet and learn what it is that I am supposed to be doing.
I know that it is going to take me a while to learn and as long as you teach me I will learn...Thanks for your time spent making videos.
You're welcome. Yes. Patience always pays off in the long term. All the best.
I love the way you presented about this topic on avoiding scams, they are everywhere, its proven!
I watched all your videos. But I think its time to rewatch them. So much content
Great video, clear and not boring at all, haha, Thank you Karen!!
You're welcome !
Wow of the wonderla. I am one of the person in this world who got scamed by false broker called Topic Market. Still now i find difficult to withdraw money from them i hope i should have known this channel 4 month ago. However I got the info i want. Thank you Karen. I appreciate it.
You're welcome. Sorry to hear about that
Which s the best broker for trading inform mam.. please
Someone who actually tells something smart about this industry:)
Thanks for your compliment
Thanks for your vids Karen.. I’m from Singapore too and have just recently exposed to forex trading by my friends.. I watch your vids everyday b4 I sleep.. good mentorship and great infos! Thank you for sharing ur trading secrets with us! :)
You're welcome Rex. I didnt know that I'm so boring that I can put people to sleep ☺
Karen Foo no la.. it’s a habit tt I’m used to.. to always learn a thing or 2 b4 I calls it a day xD
@@RexZhang0612 ok hope I don't give you nightmares when you sleep ☺
who is your broker Rex and are they good to go with can you tell me if so?
Hi if someone send a link to their broker? That person get referral commission right? Do they also get some sort of commission from the referred user if he/she profited from a trade? If that's the case, where do broker get the money from to pay the one who referred, from their own account or the referred user?
This is the best person i've seen on YT.
Thank you for your kind compliment
I love ladies who are smart like you. Beautiful, intelligent, all in one package. Maybe l should propose. Keep up the good work Karen.
I appreciate your kind compliment
Excellent Video Karen. So informative. You share truth in the best interests. Keep up the good job
Thanks Karen this was a big problem I had before but I appreciate you helped me.
You're most welcome ! :)
Hello please tell me how can join with you
xm ... what can you say about this broker ?
Thanks Keren for the good explanation on forex broker criteria tips!
You're welcome
Karen, is a true leader that's why she doesn't care about any nay sayers. Result driven people are often the greatest leaders so if your a softie. You don't belong here :)
I really like her wealth of information. 20:48 there are demo accounts that are not in sync with the live trading......
Little do some people may see but thank you for even writing a summary of what you talked about in your video in the description.
You're welcome
I am using etoro and I am beginning to hate them now...I.started trading last Nov 16, 2020. I have earned a lot of money but at the same time I lost them as well as half of my capital..I had been experiencing ridiculous price differences (spread) on what was posted from the screen vs actual entry price..also during critical trading times, the platform would be unavailable or would give me a notif that I need to reset ..I thought it was just my data connection that was poor..now I realize it was them ...the lag was at their end...damn!
The 911 reference was funny though😁😁🗣
Thanks, thank you for educational video, and I realised few things I made mistake while I trade, this is my third year in trading, yet I'm still learning. Just recently I saw your video and thinking of choosing you as my guideline, well for now I just stop all the trading at the moment and will do make sure to watch all your videos and do research properly before I start to trade again. Tq Karen foo for the informative video's
Hi karen foo.. I just love the way you speak. Thank you for your videos.
Thanks for your kind compliment.
Karen you're awesome!!! Thank you!
You're welcome
Very valuable information l! New member here love ur personality!
Thanks for your support
Thanks Miss Karen ,these are million dollars info you passing out for free . I just subscribed.
Thanks
U are amazing teacher plus funny😃Thank u Karen from the bottom of my heart on all that do, the time u take from ur life2share & give back..the list can go on & on on how much appreciated u🥰
I love this channel. I learn alot from Karen but i also have a good laugh. Love her sense of humour 😂
Hi Karen, thank you for this awesome video. Keep shining :)
You're welcome
You have such a cool personality/vibe 😂👍👏
Thank you
Thanks alot Karen for all these tips:))) you explain really well!
Invaluable! Need to watch this again, make notes.
Happy watching :)
you are such amazing, KAREN...... YOU ALWAYS GIVE THE BEST.❤
Thank Karen for the succinct and nice video. It gave me some new insight into the forex world.
You're most welcome. Glad that it helped :)
Very entertaining.. just love how you deliver it..👍
Thanks for your compliment
Hi Karen! I’m a new subscriber here from phils..😊 I’m a self trained in forex. I’m still struggling , still learning. ..for the past 8mos.. really difficult if you have no proper training. But I’m still counting on your videos I like you videos. I’m in a live trading micro lot now.it’s a free bonus from a broker. Just starting..you jus gve me inspiration . Thank you so much😊
Great talk. Really helpful. May God bless you
I strongly like this kind of information from you,Karen.
Tqvm!
You're welcome
The most important video right here for me right now that i'm going live -- thank you. And Seasons greetings. Make a tonnage of cash this 2020
You're welcome. All the best to you
thankyou for this!!! greatly appreciate everything you share 100%
Rewind/play/repeat!!!
You are the first and only person who makes me get interested in forex , you are a true mentor Karen, l love you👏💖👍
always enjoy your videos even after watching them several time
my favorite tip is EASY TO WITHDRAW
U too good Karen great explanations.
Thanks for your kind compliment
Thanks a million for the video information!
Wow! You're legit and A ProThank you Karen, I like your frankness.
Thanks for sharing 😆🖒
Welcome
Hello, may I ask if it's a valid confirmation that STP or ECN broker doesn't let you buy and sell at the same time (so they are in fact market makers)?
I figured out I need to change my broker so I am analyzing these things on demo.
btw. I am grateful for your amazing content. Deepest and genuine thank you for doing this for us. :)
Thanks Karen for warning ⚠ us from brokers scammers
karen you so kind thank you for this video it helps a lot!! thumbs up.!
Youre welcome
Thank you Karen Foo for such an insight. It was really edutainning and I give you accolades for a job well done.
Loving your videos....great job
Thank you
Hi karen thanks for the explanation. Now i understand why my effort works on demo acc and burst in real acc. 😄😄
You're welcome
First vid.
New sub, & just followed you on Instagram.
Thanks for the tips!
Great vid
I appreciate your support
Hello Karen. Can you do a video about how to do a trading journal?
I am looking for someone instruct how to chose forex broker.
Thank you for making this video. It is very useful. Your explanation is very good.
I can't stop to watch your channel.
Subscribed at once.
You're welcome. I'm happy this helps.
Would you kindly tell me the exact broker u r using right and the best for you .
@@rufina2023I follow Karen's instruction to chose under regulations of a few of broker for testing demo account first. At the moment, I am still testing.
this is eye opening, l once opened a live account with a certain broker and every time i tried executing an order it kept saying RE QUOTING. now i know what kind of broker that is
If it keeps requoting like that , run away as fast as possible 😂
Hi karen, Does ECN have overnight fees?
You are the best forex mentor I have ever heard from. You deserve an award. You listed all the mistakes I made and make. If I succeed I really owe you big time becuase your motivated me reaL BIG
Well. Thank you for making my day :)
Technically I'm not enquiring which platforms or brokers you recommend. I'm enquiring which platform you use to overcome this leverage issue of only 1:20 in SG. The margin locked up is simply too high. Even with good money management of 1% of capital amount of $10000, which is only $100, the margin locked up is already about $3000, with SL of 20pips. Thank you in advance.
Seriously crushing on this girl...😌
That's perfect excellently teacher your points are open to those who have been scummed I think trading system it's a lesson needs to be thought so that people might understand before making sure up their minds with the waiting list of these brokers
love all your videos, could you please list the best brokers we should trade with?
Karen you are the best .keep making more of these
Thank you
We love & respect your presentation.
Thank you so much:)
Congrats for 100 k Subsribers Karen ^_^
Woah got a Suprise Like from karen (**_)(+_+)(_**)(+_+)(*_*)(+_+)
I love you Karen!!
Loved the video btw thanks for the help you r one legit person
You're most welcome
@@KarenFoo a video w no disslikes on youtube has to be a record of some sort :D
@@zoyten8279 I just realized that. It will come soon ;)
Walai Karen ur'e the best forex trainer have never seen big up dia
Thanks for your compliment
Ma'am Karen thank you for your Confirmation video.
Thank you Karen im just starting to trade this was so helpful
Thank you for this informative video
You're welcome!
This is good tips. Thank you for sharing.
Thank you Karen
Welcome
Thanks for your sharing!!!
Hi Karen, Happy Sunday..! can you Make a video for knowing the one trade charges of BlueBerry markets. like in and out cost I want to understand this.. but no clearly tell this thing's. one time in you buy multiple lots so charges will be same or multiple like each pps... please 🙏🏻 if you have a little time so you can make a video on this and also try to create a live demo of this and also which spread is most Beneficial for a new person in Forex.. if you do with an live example so i will understand so quickly.. i Humbly request to you for you cover this topic in new video and one more things infliction rate is going high so what's the impacts of this because i think $ will get strength and rise.. if I am not wrong.. so please can you make a video...
Karen you are AWESOME. I Love that you are straight girl. LOL . You are fun. I love the " And then the platform goes like loading lol Are we playing dota here lol" I just laughed so hard. You go girl. I am watching all your videos.
Thank you Melody. I'm glad you like it. I wish you all the best in your trading
Melody cook you found the holy grail.
Melody cook this kid tells no lies.
WOW, YOU ARE AMAZING. 🌹
Thank you
How about online Broker like FBS? Anyone use it?
Hi Karen. I'm a new subscriber. I just want to ask if I can use Samtrader fx here in Philippines?
Yes
Hey karen, glad to hear ur contents. I wanna ask you, Is Samtrade Fx credible enough? Thnx.
Thank you for the info ❤️